Prop Grasp Skilled Advisor continues to reveal its effectivity in automated buying and selling on monetary markets. On this article, we’ll analyze intimately the commerce made by the Skilled Advisor on July 1, 2024. We’ll analyze what assist and resistance ranges had been decided, how the commerce was opened and closed, and what consequence was achieved. This evaluation will aid you higher perceive the work of the Skilled Advisor and consider its potential for secure revenue making.
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Fig. 1. EURUSD BUY 9.6 OpenPrice = 1.07266, Revenue = +$1240.
The Skilled Advisor has recognized a key resistance stage at 1.07266. This stage remained important since June 27, and the worth was progressively approaching it.
On July 1, the market opened with a spot and a pointy breakout of 1.07266. We’ve already analyzed the technique of the Skilled Advisor intimately in one of many earlier articles, that the extent breakout is commonly accompanied by an impulsive motion. That is precisely what occurred this time. The hole and the next sharp upward motion signaled a excessive potential of the pattern continuation.
Prop Grasp Skilled Advisor rapidly reacted to this motion and opened a commerce for a stage breakout. Utilizing its algorithms and settings, the Skilled Advisor decided the optimum second to enter the market, which allowed to reap the benefits of the impulsive value motion.
After opening the commerce at 1.07266, the worth continued to rise and the EA set a TakeProfit primarily based on the present volatility and anticipated motion. The commerce was efficiently closed at TakeProfit, fixing a revenue of $1240. This consequence confirms the excessive effectivity of Prop Grasp algorithms and the correctness of the chosen technique of buying and selling on the breakout of key ranges.
This evaluation exhibits how the Prop Grasp Skilled Advisor successfully makes use of the technique of stage breakout to generate secure income. Fast response to market situations and proper identification of key ranges allowed the Skilled Advisor to open and efficiently shut a commerce, bringing a big revenue.
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