When you comply with up these 5 factors then you’ll be able to assume to begin multi image buying and selling with out utilizing any EA. However its not straightforward. Right here comes the issue of monitoring. I’m going to share the issues i confronted and the way i solved it. For multi image buying and selling, A dealer requires very quick efficiency as a result of value strikes in milliseconds however If we place order and sort sl tp entry, it normally takes greater than 15 seconds regardless of how briskly you’re and that is additionally open doorways to human error, A small mistake can provide you monetary loss. So a dealer ought to use EA to position order manually. For instance a dealer is inspired to make a system which is semi computerized, which does 80 – 90% of study routinely and 10-20% guide intervention by a dealer. For instance.
For MT5 : https://www.mql5.com/en/market/product/97761
For MT4 : https://www.mql5.com/en/market/product/97767
Its a really handy utility to only double click on on chart and it locations alert and notify you when value reaches, It’s multi image. On a similar chart you’ll be able to swap chart and the alert is not going to be deleted.
If there isn’t a alert system, Its not attainable to do multi image buying and selling which entails retail buying and selling strategies e.g. Pivots Fibonacci, chart patterns and so on.
- 3. Commerce Monitoring : Its not attainable and extremely dangerous to carry positions on multi image and monitor them manually, however looking sign will not be a problematic activity as it may be executed by programming in mql5.
So a dealer ought to code technique looking indicators however ought to solely place commerce one time, till the commerce is exited, a dealer will not be suggested to open one other dealer for peace of thoughts. Totally automated system can try this however manually you shouldn’t do it.
Please observe, Every image has its personal attribute, for instance what’s engaged on Gold chart is rarely assured to work on EURUSD with similar accuracy. So hold this in thoughts. The methods might replicate accuracy by 60-70% however they are going to by no means work 100% similar as engaged on a single chart. E.g. when you’ve got executed analysis on Gold chart which is supplying you with sniper accuracy like 95%, the identical will even work on different symbols like EURUSD however accuracy will not be precise 95%, it may be 60% too. So all the time concentrate on one chart and follow it and slowly broaden to different charts. For me 5 symbols are greater than sufficient nonetheless in Crypto there are 240+ symbols however we cant commerce all of them regardless of figuring out the truth that our technique works on each chart. Cause is obvious, you dont have sufficient backtesting knowledge for every image however you’ll be able to put effort for six months finding out a single image and you will discover that it’s extra rewarding than finding out multi image so multi image buying and selling must be executed solely who’re succeeded on single image buying and selling.
