DislikedNice observation... maybe you can incorporate the statistics for how often IB's form after x same coloured candles to further confirm/deny this trade trigger?Ignored
Currently Reversi works like this
determine statistics for reversal after consecutive candles in same direction
user specifies number of consecutive candles (X, = 6 OOTB) after which they want Reversi to trade an anticipated reversal
Ideally it sould look like this
determine statistics for reversal or continuation after [pattern]
where [pattern] could include the following elements
- candle direction (up, down)
- candle size (large, small)
- candle volume (significant greater than av., significantly less than av.)
User selects the probability [threshold percentage] beyond which Reversi takes a pattern based trade.
- Reversi enters trades if the [pattern] occurs, and its current historical probability of success is greater than [threshold percentage]
then we would have a Reversi toolkit and forum members could add patterns they like, compile the statistics, backtest results, and build a trading arsenal.