Trade depends on the analysis; the trend was up, and get ready to buy all the time. Bought in 1756 and pushed a buy order in 1763 when the trend was expected. Still going to the next target .

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Here is the analysis post from 2 hours ago. FTMO aggressive challenge: Easily to get a pass

Result today : Strategies B: If the price lack moment to form a faked breakout and keep lower than the 1680 and 1675 level before the Us session, I might think the momentum is losing, and I might start a sell at 1675. 1665 is the second critical level that from resistance to support. So I would do the same, see whether it's broken, and choose to keep or take profit.

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Review: There was some unexpected momentum; it could not go to 1678, and the highest was 1670. but the pattern was correct. This is trading; when you see the higher high fail to form, you need to change your mind as soon as possible. Finally, Up first and down after and It's on the way to lower and lower. We are going to keep this daily analysis in Inrexea Pass. Our affiliate program is going to be done this week. Our Apps will be done DEC.

What is FOMC? There are eight planned meetings each year of the FOMC. During these gatherings, the Committee discusses the state of the economy and the financial markets, settles on the stance of monetary policy, and evaluates the threats to its long-term objectives of price stability and sustained economic development. Simple explanation: FOMC decides on the interest rate of the USD. How to trade during FOMC on Gold? The price of gold and interest rates are linked. Gold and interest rates usually go together severely. Gold prices typically go up when interest rates go down and down when they go up. This is not always the case, though. This is because interest rates increase when stocks, government bonds, and other investments become more appealing to investors. Lower interest rates make these other assets less attractive, which leads investors to put their money into gold, which drives up demand and the price. Because of this, gold is seen as a way to save money when money is tight. What happens when the rates of interest go up? As economic confidence grows, consumers and businesses that have more money to spend tend to borrow more. When this happens, the interest rates tend to go up. When borrowing costs go up, central banks and other financial institutions can expect to get more money back from their loans. When things are going well, people are less likely to want to invest in a haven. Interest rates also help the domestic currency, so the short-term gold price should decrease. Increasing inflation can also be stopped by raising interest rates. If prices are going up quickly, central banks raise interest rates to get people to save money and spend less. This should stop inflation from getting out of hand. When rates go down, what happens? Rates go down or stay at the base rate of 0% when people lose faith in the economy and growth stops. During an economic slowdown, things like living costs, wage growth, and employment tend to go down, and the country's currency loses value. During these times, investors look to gold as a "haven" to protect their money, and the gold price will go up because of trades in gold futures. Since gold doesn't produce an annual yield, a low-interest rate means other investments don't. This makes gold even more attractive. Does the Fed rate increase affect gold? Interest rates are different in every country, and those differences affect their economies and the price of gold there. Rates in the US have a more significant effect than in most other places, and since most gold is traded in US Dollars, its rates significantly impact the price of gold. So, when the US Federal Reserve, also known as the Fed, raises interest rates, it can significantly impact the price of gold. When prices go up, gold tends to go down, while prices stay high when prices go down. The momentum during FOMC and good brokers is a must: Same as the Non-farm Play Role: What is the best broker ever for FOMC / NFPR / CPI? What is the Fed rate now? updated at: https://www.bankrate.com/rates/interest-rates/federal-funds-rate/

Inrexea Pass members please read the post in the "Group" section via the website or apps. >> Here My last analysis seems correct, there was a support level of 1640 something. And there will be an FOMC announcement for today. We have to take care of the risk. . . . . Join Inrexea Pass for the full article. If you don't have ICMarkets , I suggest that you have one.

Why I do not believe in BackTest result ? There are many EA users believe in Backtesting result. Also many new users replied me that If you do not have a good result in the past so how do you prove EA can be profitable in the future? This is a very funny question and I would like you tell all of you that , Backtesting is only for a programmer to test any error. Not to tell you about the result in the future . Here I will show the proof. Bug of MT4 Can not test multi-currency strategy Can not test Multi-TimeFrame For example , if the strategy is about when EURUSD hit some level and USDCHF should open new order . You are not allow to do , so in most of the developer there would like to use IsTesting() function which means users can normally open orders in tester , but not related to the original strategy . So How can the backtest result be accurate ? Slippage Also, some of user refuted me that there are some external software allow you to add slippage setting to simulate the slippage . OK let me tell you a fact , even the broker they also do not know what is your slippage before you open an new order . Because this is a very normal market reaction. So no one know what will the slippage be before any order execution. Because market keep changing each second . What is slippage ? let me explain a bit . Slippage is a normal market phenomenon. Every market also exist Bid and Ask price with Market Depth. But MT4 brokers only allow to quote BID and ASK without Market Depth. 1.10 (10k ) 1.11 (20k) 1.12 (30K) 1.13 (40k) If someone is using ECN account ( I do not commend to use Market Maker and STP , most of them are scammer brokers,In 2018 also many Faked ECN broker appeared ,scammer broker would like to make your slippage and spread bigger to make you lose money and they win .but here is talking about normal slippage example ) . In Mt4 you can buy or sell with lotSize. In MT4 quoting like this: 1.09 /1.11 . So user buy 100K volume ,Finally Order Open Price will be 1.12 .Because ECN brokers only know that you want to buy 100K volume and no matter the slippage or spread how big . systems will follow your instruction and execute the order. So How can BackTesting result can prove the past and the future ? Trading condition Trading condition between Real Demo and Tester account . Here is a very horrible example and fact . I have tried to compare Tester trading condition and Real account trading condition when I tried to add new code to solve one of my user of 4 digits and 5 digits issue. (I don’t know suggest to use this kind of broker with 4 digits ). In the photo you can see : There are 6 conditions are different from tester and real . MODE_TICKSIZE , MODE_TICKVALUE ,MODE_STEPLEVEL,MODE_DEGITS,MODE_POINT . Please remember , those are the main factors to lead your account safe or die . (If you do not understand what those code means , please check in google) And Please be reminded that , Brokers can change those condition only to your trading account without any notification! So , how can be the tester result same as your trading account result ? with you have 100% tick data ! it’s useless . Spread In MT4 tester , users can only set a Fixed Spread parameter to test the strategy , But in real Market, Spread is dynamic . and In Holiday spread , will be a huge Spread . This factor you can not test in tester also . Please be smart .

In real life, many trading strategies based on things in the market don't work (or no longer work). This could be because they were taken away by arbitrage. At least as likely, though, it was a false discovery from the beginning. Recently I have been asked the most question: Why did my signal get an excellent record in the past year during the war in 2021-2022, but in the backtesting, all of my products should have been completely lost? The answer is simple: Do you know when you will wake up precisely every day next year? The answer is always: No one could and no one can. I also pointed out a few ways the backtesting tool was unreliable in 2017( Why I don't believe in Backtesting 2017 wrote ). Let's stay on the same topic and talk more about our experiences. Before that, let's talk about why most traders had been educated to believe in backtesting results. What is the best broker to run EA and manual trades? I have got many questions about backtesting recently: How traders have been educated to believe in backtesting results? Most new traders are attracted by a beautiful profit curve result from backtesting at the beginning, even I did so from a youtube video from 500USD to 130000USD. That's why I have been working for the past eight years. However, I lost much in the first year because of those beautiful profit curve backtesting results. When I kept learning to code, I understood more about the structure of the whole eco-systems, and I stopped tracing a beautiful backtest result to promote my products. At the beginning of this article, no one knew what would happen. Although I am one of the sellers on MQL, I understand how those sellers intend to promote their products. The only way to promote their product is by a backtesting result with a low-drawdown and high-profit return curve. That usually would be a nightmare for their clients. Face the fact: No one knows if the product works or not in the future. Either backtesting or forward testing. Do not be mis-edutcated. All is about trading structure: Even if two accounts run simultaneously in the same trading environment (same funds, same server, same time start, same computer) running for a long time will have different results. I tried this five years ago. So how can we judge that we can have the same results in the future based on a single backtest record? Furthermore, if all users simultaneously have orders and prices in the same direction, will this be a good or bad thing? It must be a big fish. I'm sure a good author could have insight into the answer to this question and deal with this significant issue. The following will discuss why the backtest results cannot be trusted. I believe that many developers will not pay attention to the details. If all users simultaneously have orders and prices in the same direction, will this be a good or bad thing? What factors might affect the different results from backtesting and live? The answer is Cycle. A video to explain a little bit about cycle and drawdown. (start from 07:12 to 09:00 ) Market depth: As I mentioned in my 2020 article. Market depth is always an inseparable part of the transaction, and the start and end of each transaction must involve > Sequence. For example, if a person has only one mouth, he cannot eat ten apples at once. No matter how fast he eats, he can only take one bite at a time. This is the meaning of market depth. When many buyers or sellers buy and sell simultaneously, their final transaction prices will not be the same. This situation is named Slippage. Some factors that cannot be easily observed, such as network delays, broker's server disconnection, etc., are also severe problems, resulting in different rhythms of the entire cycle. Some traders think the delay problem can be solved using a VPS closer to the broker's server. This is a big miseducation because the broker's internal server's quality is a critical factor affecting order execution. It means that you say a word in front of me, but my brain may not react immediately, so my distance from you is not very important. The situation is the same as the distance between the VPS and the dealer. This is called Latency. The above examples are only part of it. The full article will be posted in the Inrexea Pass member area. Conclusion: The above factors: Sequence, Slippage, and Latency, will exist in the trading environment of Live trading, then even the real account cannot be synchronized, so the backtest record is even more unrealistic.

We will be moving to my website next month. And I hope to see you there. On the other hand, gold prices have recently relied on the news of the war, and Putin gave up on levelling up the fight, making the price of gold break down to a lower level. Let's try to analyze it. Chart H1: If there is no more breaking news in the future, the price should keep a downtrend pattern, and it seems to be making the same pattern as the last one, which I will show on the D1 chart. I want to sell when the price reaches the 1655-1660 area, and the target will be 1620 or lower. Which is the best prop firm? Chart D1: The best broker I have been using for 8 years? It seems to be following the same pattern as the last one. We will be observing whether it is going to Make a double bottom at 1620 something area. Recently, I built a telegram channel for global breaking news, which might help our trading. https://t.me/BreakingNewsFX Join our live update daily analysis for your trading.

Hello users, I'd want to thank everyone who has consistently supported my analysis here. We have some changes to our service : About Inrexea Memberships Pass: Inrexea Memberships Pass can use all database features and market analysis articles. In the future, we intend to provide a more functional service to all our supporters. etc., as well as a trading school and a coding course. All services are under one membership. In Oct, we will receive payment via Patreon and will update here when Inrexea Website 2.0 is ready. Patreon : In November 2022, I intend to launch the InrexEA Website 2.0 subscription to continue building a complete service and attract a more significant number of organic clients. Furthermore, the Tier $16/month Patreon will be removed on October 1st; all other levels will stay constant. New Patreon subscribers will be limited to the £100 tier. (((Patreon + Discord)) When the InrexEA Website 2.0 is ready, we will move to our website instead of Patreon. What happens if you sign up for a yearly membership on Patreon with a 16-USD tier? No, we will not offer a refund service. Hopefully, our analysis has helped you make a profit in trading to cover your yearly costs. Inrex EA Products : On the other hand, due to the current Blackswan issue, most of the popular signals on MQL are blowing up these days, proving what I previously stated: quantity controls quality. Our records show that the database function has blocked many invalid accesses in the past year. We aim to implement extra copyright protection and ban license sharing for a better experience with all database version products. We may charge for database service in the future; the beta version will be enhanced shortly on the MQL market. TripleH and Yolo will contribute to the database to maintain high-quality performance in NOV. Can I still use the products if I do not pay for the database service? As previously said, the database function protects all items and maintains their excellent quality. The version without the database function will be removed from your trade if you have not paid for the database service. I hope all of you can join our Inrexea Pass, you might get all our excellent services. How much will it be for the database, and what if I have a few database version products? You can use all database features and market analysis articles once you purchase an Inrexea subscription. In the future, we intend to provide more active service to all our supporters. etc., as well as a trading school and a coding course. All-in-one membership. What is Inrexea Pass and how to join? Please check here >>> Inrexea Pass. Please join our Telegram channel for further information. https://t.me/Inrexea or email us: support@inrexea.com Best regards Inrexea Team