Quite often especially in currencies we encounter situations with no movement in any direction at all.
This is a major cause for losses in such markets as the large spread diminishes your chances and the success rate required to break even becomes high.
I am thinking about ways to determine when market is likely to remain in a range to be able to avoid such times.
What is a good way to determine that a currency will be in a range and what are the currencies that tend to show such behavior most often? I have thought about using DPO to filter out values close to 0 to avoid taking such positions.
Any ideas?
This is a major cause for losses in such markets as the large spread diminishes your chances and the success rate required to break even becomes high.
I am thinking about ways to determine when market is likely to remain in a range to be able to avoid such times.
What is a good way to determine that a currency will be in a range and what are the currencies that tend to show such behavior most often? I have thought about using DPO to filter out values close to 0 to avoid taking such positions.
Any ideas?