Hi Dave,
I am pretty sure everyone here appreciates the huge work here. I was just wondering if it is possible to make the ea able to automatically distinguish between a range-bound market and a trending market. I personaly do this in the EAs I write and it gives the EA an edge to detect the market condition itself (One step towards artificial intelligence ) In pseudo-code, buy orders would look something like:
if( TREND_CONDITION ) // Detected a trend market and will trade accordingly
{
If(BUY_TREND_CONDITION)
{
OPEN_BUY_STOP_ORDER
}
}
else. // Market is range bound and would (scalp) trade accordingly
{
If(BUY_RANGE_CONDITION)
{
PLACE_BUY_LIMIT_ORDER
}
}
I am pretty sure everyone here appreciates the huge work here. I was just wondering if it is possible to make the ea able to automatically distinguish between a range-bound market and a trending market. I personaly do this in the EAs I write and it gives the EA an edge to detect the market condition itself (One step towards artificial intelligence ) In pseudo-code, buy orders would look something like:
if( TREND_CONDITION ) // Detected a trend market and will trade accordingly
{
If(BUY_TREND_CONDITION)
{
OPEN_BUY_STOP_ORDER
}
}
else. // Market is range bound and would (scalp) trade accordingly
{
If(BUY_RANGE_CONDITION)
{
PLACE_BUY_LIMIT_ORDER
}
}