Trailing stops let forex traders lock-in profits as well as reduce the overall risks of trades as they advance. A trailing stop protects profits by allowing a winning trade to remain open for as long as possible. By choosing the right stop parameters, your mechanical trading system can manage trailing stops to maximize profits in […]

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By: Dima Chernovolov EUR/GBP continues to fall inside the 4-hour Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel at the 4-bar level – which reflects the slow Initial Trend (3 bars), below-average Uniformity and Clarity (4 bars).  EUR/GBP is expected to fall further inside this […]

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By: Dima Chernovolov EUR/AUD continues to rise inside the uniform 4-hour Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 4-bar level – which is the result of the slow Initial Trend (2 bars), above-average Uniformity (6 bars) and lower Clarity (3 bars). EUR/AUD […]

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