Found this MT4 EA in a forum. Never tried before.
For some people like to use free EA designed by other traders, can try this one. Share your experience with US
Download link
http://hotfile.com/dl/121710359/22a8a1f/forexfunnelEA.ex4.html
Trend lines Trading has long been the part of daily trading usage by large institutional traders, brokers and large corporations. So being a retail trader at a lower level with little start-up capital and knowledge doesn’t make one having the excuse of not learning the basics of technical trading.
The main difference is that the big players know how to make use of technical data to their advantage and give them the edge over retail traders like you and me. One thing to note is that although big players have big and deep pockets, their main aim in trading is to beat inflation and keep their currency reserves value intact, therefore they engage in what is known as hedging.
Definitely going by the way they move their millions each time, the market will be experiencing volatility. As a retail trader, these things happen every day and shouldn’t come as a surprise. In fact, volatility should be embrace as this means that there is opportunity for money to be made in the market. How can this be done?
The answer lies in how as a retail trader, one is going to utilize the skills of technical trading to analyze technical data and design a trend lines trading strategy to earn his profits. No matter how many fundamental news or millions of dollars poured in every second into the market, as technical traders
always believe that the charts will reflect the market sentiment at that point of time.
All a retail trader is to do is to capture those technical data and turn those into pre-emptive signals according to his analysis and wait for the right moment to ride the market wave. The fact is that technical trading requires a huge amount of time especially in the analytical part where trade planning has to be done to allow fast execution of the trade when time is ripe.
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