Analysis of the trade made by the Prop Master Expert Advisor on June 18, 2024

Prop Master Expert Advisor uses the breakout strategy of key support and resistance levels to open trades. This strategy is based on the idea that support and resistance levels are important points on the chart where price can change direction. When price breaks these levels, it can signal a continuation of the trend, and Prop Master automatically opens trades to take advantage of this movement. This approach allows you to find optimal entry and exit points in the market, minimizing risks and increasing profits. To better understand the work of the Expert Advisor, let's analyze the trade made by Prop Master on 18.06.2024.

Fig. 1 Chart of the trade from 18.06.2024

The first thing that the Expert Advisor did was to identify the key support and resistance levels, on the breakout of which the trade will be opened. In this trade, the Expert Advisor determined that the resistance level is at 1.07411 and the support level is at 1.07102. After determining the levels, the Expert Advisor patiently waited for an opportunity to open a trade. In our case, the price reached the support level, but this level was not broken, so the EA continued to wait for an entry point. Then the market started to move to the resistance level, and as we can see on the chart, this level was broken. This is what the Prop Master Expert Advisor was waiting for. As a result, at the level of 1.07411 the Expert Advisor opened a trade, which brought a profit of 212$.

Now many people have a question why the EA fixed the profit so early. Each trade is accompanied by a trailing stop. Specifically in this trade, if we switch to a lower timeframe, we can see how the market started to reverse. The Prop Master Expert Advisor has closed the trade for the users to get profit.

Fig. 2. Bearish candle on the lower timeframe

If we look at this particular trade, it may seem to many of you that the trailing stop prevented us from earning. Indeed, we earned less than we could have. But trading is not just one trade. I suggest you to compare the results of the Expert Advisor with and without trailing stop. Comparing these results, we can conclude that in most cases trailing stop helps us to make profit, not vice versa.

 Fig. 3. Results of the operation of the Expert Advisor with the trailing stop on and without it

Using the Prop Master Expert Advisor allows you to get rid of the need to constantly analyze and search for trades, at the same time bringing you profit. The Expert Advisor automatically determines optimal entry and exit levels, helping you to avoid emotional decisions and focus on achieving long-term profits. In our example, Prop Master successfully made a buy trade, earning $212, which demonstrates the effectiveness of the strategy of breaking key levels.

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