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The process of algorithmic trading begins with the development of a trading strategy, which can be as simple or complex as the trader desires. The strategy is then encoded into an algorithm, which is then executed by the algorithmic trading platform. The algorithm can be programmed to trade automatically, without the need for manual intervention,…
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Understanding the difference helps traders make more informed decisions about entering or exiting trades. By following these steps, traders can effectively utilize chart patterns to make informed trading decisions and manage risks. Enter a trade when the price breaks above the resistance level formed by the cup’s rim, confirming the pattern. Set a stop-loss just…
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