the indicator has been showing overbought conditions for quite some time. "I have to say that this is a great tool. This is especially useful oneshot option binaire trading if you are testing your strategy on multiple currencies and timeframes. Forex scalpers like these levels; however, trading this way is a hit-or-miss game, because the moment price hits L3 or H3 Camarilla pivot, it is not known yet whether there will be a stop and reverse or not.
In manual backtesting, trading many months worth of recorded market days in the simulation takes just a few hours of your time because you control the speed of the simulated market. As a rule of thumb, we buy when the market is oversold, and we sell when the market is overbought. Simple drag-n-drop interface Comprehensive and easy-to-understand design Wide range or elements, operations, and actions to combine a perfect expert advisor/indicator Absolutely free for the Forex Tester 4 users! Because the market was overbought for such a long period of time, a reversal was bound to happen. After a long period of working with Forex Tester I gained the ability to almost forecast the movements on a real chart. An extensive set of indicators and oscillators is included: Moving Averages Bollinger Bands macds Pivot Points Parabolic-SAR RSI Stochastic Alligator Keltner Channels Heikin Ashi candles Ichimoku Average True Range and much more are available. As a price-reading enthusiast, Forex Tester has immensely help cut down on my learning curve. Therefore, one could opt to wait a little bit longer, till signs of price reversal emerge: these are "shooting star" patterns, "hammer" candles and also reversal patterns where market starts to close higher with every new bar upon hitting support (L3) or lower with each.
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