Market structure refers to the way in which the foreign exchange market is organized, including the various participants, trading mechanisms, and the level of competition. Understanding the market structure is crucial for traders and investors as it can impact their trading strategies and the overall market behavior. The forex market is often considered an over-the-counter (OTC) market, meaning that it does not have a centralized exchange like traditional stock markets. Instead, currency trading takes place electronically over a decentralized network of financial institutions, including banks, brokers, and other financial entities.
Especially, Break of Structure EA, my product is refers to a significant price movement that violates a previously established pattern or level of support/resistance. Market participants often use support and resistance levels, trendlines, or chart patterns to identify potential entry and exit points for their trades. When the price breaks below support or above resistance, it is considered a break of structure.
The analysis this BoS EA to entry position using H1, M15, N5 timeframes and using M5 and M15 to entry position.
my reccommendation for using Break of Structure on major pairs with low spread ( EURUSD, GBPUSD, USDJPY ).
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How to set it up?
- Please add BoS EA on M15 timeframes.
- You can try it on other pairs with low spread such as EURUSD, GBPUSD, USDJPY
Attention :
- Use BoS EA on M15 timeframe
- You can start to trade with $100 Minimum initial Deposit
- The recommended account leverage is 1:100 or more
- VPS hosting 24/7 is strongly advised.
Parameters :
- Stoploss = 80 pips
- TrailingStart = 20pips
- TrailingStop = 5 pips
- AutoLots = true;
- Risk=0.5; if using autolots.
- fixlots=0.01; while autolots set to false.
