Probability of session high/low being taken out | Forex Factory

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Probability of session high/low being taken out

  • #1
  • First Post: May 19, 2014 10:38am May 19, 2014 10:38am
Hello,

I was wondering if anyone knew of a way to backtest how often price will take out different session highs and lows. E.g. how often does the UK session take out the high and low of ASIA etc.

Thanks.
  • #2
  • May 19, 2014 10:40am May 19, 2014 10:40am
I obviously know it could be done manually as well but I'm looking for something automated.
  • #3
  • May 19, 2014 10:43am May 19, 2014 10:43am
There are plenty of EAs trading sessions breakouts ... Just search here on FF and you will be able to backtest easily what you are looking at.
MT4/MT5 EAs/Indicators/Alerts coder
  • #4
  • May 19, 2014 11:10am May 19, 2014 11:10am
Thanks for the reply FerruFX. I'm not trying to be difficult but I've searched here and on google and I've not been able to find any EAs that's going to give me the probability of the Asia high and low getting taken out?
  • #5
  • May 19, 2014 11:25am May 19, 2014 11:25am
Quoting cmmichaels
Thanks for the reply FerruFX. I'm not trying to be difficult but I've searched here and on google and I've not been able to find any EAs that's going to give me the probability of the Asia high and low getting taken out?
The EAs won't give you the probability ... You will have to do backtests with the EAs and analyse the results.
MT4/MT5 EAs/Indicators/Alerts coder
  • #6
  • May 19, 2014 12:14pm May 19, 2014 12:14pm
be aware that back tests are only good and accurate for 90% at best.. they are not 100%..
am I correct ferru?
Passion, Persist, Patience, Protect
  • #7
  • May 19, 2014 7:12pm May 19, 2014 7:12pm
Quoting FXEmpire
be aware that back tests are only good and accurate for 90% at best.. they are not 100%.. am I correct ferru?
In any case, backtests give only the confirmation that the code is respecting the strategy. The real info (profitability) is only Live trading.
MT4/MT5 EAs/Indicators/Alerts coder
  • #8
  • Last Post: May 22, 2014 12:52am May 22, 2014 12:52am
Quoting FerruFx
{quote} In any case, backtests give only the confirmation that the code is respecting the strategy. The real info (profitability) is only Live trading.
Can be further from the truth. Unfortunately many guys learn this from experience, myself included
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