News Order

Open Order with Candle Ratio Tail and Body: Forex Trading

5 min read

The Two Candle Forex Ratio Tail strategy is a popular way to trade the Forex market. It combines two types of candle patterns, the body candle and the tail candle. By using the ratio tail, traders can identify potential entry and exit points for their trades. This strategy is based on the idea of finding an opportunity to trade that is created when the size of the body candle is significantly larger than the tail candle. The trader will use the body candle as an indicator of the underlying trend and then look for a reversal to take advantage of the change in direction. By employing this strategy, traders can reduce their risk and increase their chances for a successful trade.

Introduction to MQL5

RSI vs Linear Regression: Analyzing Forex Trading

5 min read

RSI (Relative Strength Index) and linear regression analysis are two commonly used technical analysis tools used in Forex trading. RSI is a momentum indicator that compares recent gains and losses over a certain period of time to measure a security’s speed and change of price movements. Meanwhile, linear regression analysis is a statistical technique used to determine the amount and direction of the relationship between two variables. It is often used in Forex to identify trends and detect potential trades. Both RSI and linear regression analysis can be used in combination for traders to identify potential trend reversals or points of entry and exit. However, it is important to note that these techniques are not always that accurate and should be used with caution.