This thread is just a continuation of my previous work. Can we be profitable if we just enter in the market randomly without any extensive training on forex or fundamental / technical knowledge or knowing nothing about Macro/Micro economy?
Disclaimer: I used to get feedback that my contents are commercial or rather close to commercial. I used to defend that saying unless you are close to me I am not going to share actual files for free. This time I would like to start the thread with a file. If you are using it - facing trouble - you are welcome to post here. As per my past experience, I used to get lot of PMs but not a lot thread replies. I would encourage to participate and share your story without hurting each other. Let's see how we can participate in this 'Walk a Thon' and help each other more
RekonX update
File is removed, message me for any detail.
Note: You may find other downloadable files on various pages,but those are just interim versions. So dont waste your time downloading them again, Just use the version from this post,where time to time I will upload the latest version and you will be fine to use them.
Summary of Trading Strategy (You may save time here too and no need to browse through all the pages to get the summary )
A) Instrument: any USD pairs, I would prefer EUR USD, GBP USD
B) Time Frame: H4 chart
C) Installation: Just put the RekonX folder in Experts folder and use the EA from there.
D) Method: Trend & Price Actions, we will still call the trade entry random as EA wouldnot know whether this is the 100% best trade entry for profit or not.
E) Trend: Identify Short / Long term trend and set trade direction eg. 5MA is lower than 40 MA so trade direction is sell, MAs used - 1, 5, 10, 20, 40, 80 and 160, there could be 7*7 different scenarios on detecting the present H4 trend.
F) Price Actions: All major price actions for With Trend or Contra Entries,read the thread to know more
G) Market Volume: It plays a crusial role, so we detect whether based on previous candle volume (Tick) we should trade now (current H4) or not
H) Candle Volume: Whether present candle is already overbought or oversold
I) Trade Time: 4,6, 8,10, 12,14, 16,18, 20,22 - these are the trading hours - but still you apply the EA on a H4 chart for better reading of indicator data
J) Entry & Exit: Only enters when Trade Time Matches and can open-close multiple positions if H-Candle Volume and G- market Vol and F- PA and E-Trend permits, Exit is fixed at $10.
K) Do not Trade:
1. if trade hour is not in I) Trade Time
2. Last candle volume was beyond average trading range
3. Price is in Supply or Demand Zone
4. Present Candle length is beyond average Candle range
Past work
Expert Advisor which can survive for more than a year!
Rekon-X Auto Bots Expert Advisors for Forex Trading
RekonX: Trading Binary Volatilities 24 By 7
Binary Options 24 BY 5
Multi Time Frame Analysis for Spot and Binary Options
Rekon Xs and Market Scanner for Spot and Binary Options
Rekon's Binary Option Trading with M15 Chart
Disclaimer: I used to get feedback that my contents are commercial or rather close to commercial. I used to defend that saying unless you are close to me I am not going to share actual files for free. This time I would like to start the thread with a file. If you are using it - facing trouble - you are welcome to post here. As per my past experience, I used to get lot of PMs but not a lot thread replies. I would encourage to participate and share your story without hurting each other. Let's see how we can participate in this 'Walk a Thon' and help each other more
RekonX update
File is removed, message me for any detail.
Note: You may find other downloadable files on various pages,but those are just interim versions. So dont waste your time downloading them again, Just use the version from this post,where time to time I will upload the latest version and you will be fine to use them.
Summary of Trading Strategy (You may save time here too and no need to browse through all the pages to get the summary )
A) Instrument: any USD pairs, I would prefer EUR USD, GBP USD
B) Time Frame: H4 chart
C) Installation: Just put the RekonX folder in Experts folder and use the EA from there.
D) Method: Trend & Price Actions, we will still call the trade entry random as EA wouldnot know whether this is the 100% best trade entry for profit or not.
E) Trend: Identify Short / Long term trend and set trade direction eg. 5MA is lower than 40 MA so trade direction is sell, MAs used - 1, 5, 10, 20, 40, 80 and 160, there could be 7*7 different scenarios on detecting the present H4 trend.
F) Price Actions: All major price actions for With Trend or Contra Entries,read the thread to know more
G) Market Volume: It plays a crusial role, so we detect whether based on previous candle volume (Tick) we should trade now (current H4) or not
H) Candle Volume: Whether present candle is already overbought or oversold
I) Trade Time: 4,6, 8,10, 12,14, 16,18, 20,22 - these are the trading hours - but still you apply the EA on a H4 chart for better reading of indicator data
J) Entry & Exit: Only enters when Trade Time Matches and can open-close multiple positions if H-Candle Volume and G- market Vol and F- PA and E-Trend permits, Exit is fixed at $10.
K) Do not Trade:
1. if trade hour is not in I) Trade Time
2. Last candle volume was beyond average trading range
3. Price is in Supply or Demand Zone
4. Present Candle length is beyond average Candle range
Past work
Expert Advisor which can survive for more than a year!
Rekon-X Auto Bots Expert Advisors for Forex Trading
RekonX: Trading Binary Volatilities 24 By 7
Binary Options 24 BY 5
Multi Time Frame Analysis for Spot and Binary Options
Rekon Xs and Market Scanner for Spot and Binary Options
Rekon's Binary Option Trading with M15 Chart