Disliked{quote} I would say NO, it is very hard to beat the system using technical data to make a wage. I would say YES, it is very easy to beat the system and make a wage if you trade the inbalance of the order book. I do it every week. You asked where the order book is within this decentralized forex market is - perhaps you are too blind to see it or haven't bothered to study historical data. THE ANSWER IS IN FRONT OF YOUR EYES If you use Algo's, you would need a whole entire portfolio of EA's to make a wage - but this is sixteen times harder than manual...Ignored
First you say that we can't beat the market using technical data.
You also say that the answer is in the technical data.
And then you turn again and make the assumption that EA's are not superior to the human brain when it comes to working with technical data.
This is crazy!
You also did not answer my main question - where is the order book? There is no order book. There is only charts. You look at charts.
The charts are technical data. The charts are static databases. The order book (if there was such a thing) is also technical data.
If there is such thing as "inbalance" and the thing is visible on the charts - then I assure you that it's possible to automate it.
You ask me: "have you ever tried being a Algo developer?"
Yes, I tried it in the 1980's.