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Avoid Sideways Market in Your Auto Trading Strat

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While automating a Potentially profitable strategy you might lose all your profits in the Sideways or Congested market Movement as your strategy cannot spot unfavorable market conditions to temporarily halt entering Trades. Here you will see just the right Indicators you can add to your strategy to maximize your profits. ATR(Average True Range) ATR is short for the Average True Range. It takes into account price gaps and the average size of candles over a period. Here is the exact formula if you are curious. You may be wondering, How can I use this Indicator to filter sideways / congested Market movement. The answer is simple to set a minimum value that ATR needs to be before The Strategy can enter new trades.  This works because ATR uses Candles size to determine its value,i.e, when candles are small ATR is low and vice versa, added there are also a few major determinants as well to it. ATR works independent from the price, This means that no matter the market moves up or down it ...
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The Most Important Skill for profitable Trading!! Every Trader must read!

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Only 5% of traders rise and shine in trading.  What is there SECRET to make a profit in trading??  The answer is there is NO SECRET! Even the most experienced traders make losing trades, But the difference is that they manage the risk and reward aspect of their trades very well. This is where most traders fail. Managing the Risk that you bear in every trade and the reward you earn to bear that risk will decide if you will be profitable in trading or not. You must have a tested and proven strategy that makes the most accurate indications/Signals first to step into the market to trade. The next step is to design a Risk Management Strategy according to your trading style and preference. Risk Management is really important in day trading or investment in general, It will help you gain an edge and stop you from getting broke. Here is a method to design your own Risk Management Strategy: Always use Stop Loss and Take Profit I can't express how important StopLoss and TakeProfit are!...
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Spot Support and Resistance levels accurately

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Support and resistance levels when used properly can make you profitable. Traders generally tend to have a very subjective method to spot levels in a chart. Finding the right levels could be a bit tricky if one doesn't know a reliable way to spot these. Place a random horizontal line on the chart at any price and you will notice that it draws a level on the chart. This puts all your analysis to date on a question! Now, let's talk about what you are here for. Spotting Levels in a Trend Market going in a Trend is referred to when The Chart forms either higher highs for the uptrend or lower low in a downtrend. when the market is in a trend the opposite swings form a support level which and is highly accurate.  Say the market is in an uptrend, so, the valley formed whilst making higher highs are to be considered into levels of the chart as support for the price to bounce off of. A few examples are marked in the chart below. If these levels are broken, the chances of trend reversal ...
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