Let’s walk through a simple example:
If someone were to ask you how much you spent on your computer, you’d likely respond with an amount rounded to the nearest hundred (‘ah, about $800,’ or ‘I paid $900.’) Sure, you can give an exact answer like Six-hundred-and-thirty-nine dollars and ninety-six cents; but that doesn’t really make any sense. If I had asked the question, I probably don’t care about the $39.96; I just wanted a ballpark idea for how much you paid for the computer.
Out of simplicity, most people (most of the time) will automatically round to the nearest whole number.
This happens in trading too.
I think whole number itself a clue for traders.
For example,
If you find doji pattern on the whole number price then there happened something.
So, that I build an EA to buy at bottom psy level and sell at above psy level.
Close buy at above psy level and sell at below psy level.
if market does'nt turn at psy level for example if a buy 1 fails and buy 2 get initiated at next below psy level.
below attached the EA.
Furthur ideas are welcomed
If someone were to ask you how much you spent on your computer, you’d likely respond with an amount rounded to the nearest hundred (‘ah, about $800,’ or ‘I paid $900.’) Sure, you can give an exact answer like Six-hundred-and-thirty-nine dollars and ninety-six cents; but that doesn’t really make any sense. If I had asked the question, I probably don’t care about the $39.96; I just wanted a ballpark idea for how much you paid for the computer.
Out of simplicity, most people (most of the time) will automatically round to the nearest whole number.
This happens in trading too.
I think whole number itself a clue for traders.
For example,
If you find doji pattern on the whole number price then there happened something.
So, that I build an EA to buy at bottom psy level and sell at above psy level.
Close buy at above psy level and sell at below psy level.
if market does'nt turn at psy level for example if a buy 1 fails and buy 2 get initiated at next below psy level.
below attached the EA.
Furthur ideas are welcomed
