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Wich indicators to use for buying dips

2 replies

2 years ago #279339

As a manual trader Im always aware of dips. But I could not find a way to do so in algowizard. Can someone point indicators mostly used for this? (not looking for B bands or breakout strategies)

Also, I’m trying to do a stop order 25 pips lower than the close price. I thought I should use a (close – pips) but I had to success. Any help is really appreciated

Thanks

2 years ago #279361

Do you mean to use a buy limit orders to catch a sudden price drop?

2 years ago #279408

Yes! There are two problems I’m facing, the first is to understand wich indicators are used to spot dips in the price structure so I can set orders at fib levels. (this is not similar to manual trading at all)

The other is to set a buy limit order at (Close minus 25 pips)

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