OCF Trading Plan
GBP /USD on focus
https://www.mql5.com/en/charts/3668798/gbpusd-w1-pt-overseas-commercial
Downtrend signal is seeing on no.3 , on signal no.4 will keep on bearish , for long term it might going down again but it will be depend on how high is the rebound on the currency pair, if its rebound way above 1.5925 it might continue its bullish trend , but if its keep on bearish below 1.5156 , it will change its trend and will be bearish for long term
"Safety first , and something is better than nothing"
I don’t think a good plan is dependent on which pair we use; it’s more down to right strategy that really means everything. I never leave myself with one instrument instead I keep my option open which helps me with gaining in any situation. It makes it a lot easier when you add broker like OctaFX at your disposal, as they are amazing with wide range of features counting at low spreads, high leverage up to 1.500, over 70 instruments, rebate scheme where I get 50% back no all trades even if it’s lost which keeps me going pretty well.
The bot is just a program that the main task is to give a certain direction nothing else as previously when I have started my trading journey with FreshForex broker I used some bot but eventually, I lost lions portions of my deposited money so I personally don't like it.