According to the basics of technical analysis market is a crowd which follows certain behavioral laws and always abides by known and well-studied rules. In spite of the fact that market is constantly changing, certain patterns remain the same. Any market movement is a wave, impulse, which has its beginning and the end. In most cases such waves start at one level and finish at the other. Support / resistance levels are supposed to be one of the most objective and universal analytical tools. They clearly show prevailing market sentiments and give traders maximum of objective data. The bigger the collected position of a trader, the stronger should be his or her movement at the stops.
When the seller’s lever is cleared movement will be driven by sellers’ stops (buying of short positions) and by market orders of buyers.
The stronger the seller’s level the better movement will be. This fact should be taken into account when setting your goals.
Broadly speaking, trade by support and resistance levels is the right way everyone should follow.
Level Wizard is an indispensable assistant for every trader. It is suitable for both experienced players and novice traders
There is a perception that in case a lot of people use the same strategy it ceases to work.
Please be advised that price will grow following the monitoring results. Also I’ll sell a limited number of copies of the EA!
Does not use martingale, grid or other dangerous strategies;
Hard stop loss and take profit for each position
Not sensitive to broker conditions
Easy to install
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