This is a sample of a pdf I found on another post here at FF:
For example, when USDCHF moves 15 pips up or down on the day interval, the probability that it will continue to +40 (+25 net) is 89.9%.
Could an EA that monitors one pair only, be programmed to look for a move of 15 pips up or down on the 1D TF and then place an order going in the same direction with a TP of 20 (leave 5 for spread + slippage)?
Could you make it so that the pair can be changed, the TP can be altered and the movement in pips to trigger the trade can be altered to test its effect on other pairs analysed in the pdf?
Thanks for any help in advance.
Have attached the pdf,apologies but i'm not sure which thread I found it on.
I tried checking a few tutorials on programming an EA myself, but it went over my head like life goes over Gary Colemans (what you talkin' about Willis?)
For example, when USDCHF moves 15 pips up or down on the day interval, the probability that it will continue to +40 (+25 net) is 89.9%.
Could an EA that monitors one pair only, be programmed to look for a move of 15 pips up or down on the 1D TF and then place an order going in the same direction with a TP of 20 (leave 5 for spread + slippage)?
Could you make it so that the pair can be changed, the TP can be altered and the movement in pips to trigger the trade can be altered to test its effect on other pairs analysed in the pdf?
Thanks for any help in advance.
Have attached the pdf,apologies but i'm not sure which thread I found it on.
I tried checking a few tutorials on programming an EA myself, but it went over my head like life goes over Gary Colemans (what you talkin' about Willis?)
Attached File(s)
Forex Report - Predicting Price movement.pdf
642 KB
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274 downloads