Author:
Gary Thompson
Have you ever wished for a tool that could give you a clearer picture of potential price movements? If you're trading on monthly candlestick charts, you’re in luck! This Expert Advisor (EA) is designed specifically for those charts, utilizing four decimal points for precision (make sure to use the JPY version for other currency pairs).
This EA is a game-changer. By analyzing two years of historical trading ranges, it calculates the probability of achieving your target pip range. But that's not all—when combined with a direction indicator, it can help pinpoint optimal take-profit levels for your monthly trades. Once you set it up on the monthly timeframe, you'll see valuable statistical data displayed in the top left corner of your screen, making your trading decisions a whole lot easier!
Key Features of the EA
- Historical Analysis: Utilizes two years of data for accurate range predictions.
- User-Friendly Interface: Displays statistical information directly on your charts.
- Combined Strategies: Works best when paired with a direction determinant.
This tool is a must-have for traders looking to enhance their monthly trading strategy and maximize profits!
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