There is a deep-seated misconception among newbie forex traders that when a market is moving in a certain direction it will move so in a perpendicular angle, I know this cos that’s how I thought so too initially but in reality the market moves in zig zags whether going long or short.
The most powerful tool of any forex trader is being able to identify whether the market is in trend or not, being able to work out if a trend is beginning or ending. Mastering this knowledge is one of the most powerful tools you can have as a forex trader.
Indicators and EA's can greatly assist with your trading but they should not replace you or your trading strategies. I found EA's to be exceptionally good in finding entry points but need constant monitoring to make sure you are able to quickly close loosing trades. I have listed only what I have utilised, provided short descriptions and download links