Ok I'm back with another Brilliant system(I'm making fun of myself here) lol.
Well I'm done with averaging down or up or grid although I'm demo testing remons EA at the moment. But let the machine do its work will see.
Again these ideas that come to me are most probably thought of by others and tried.
Its ok I will put it forward anyway.
But I cant seemed to get any coders out there to make an EA for these ideas for without the EA it is almost impossible to test their success or failure.
Now the reason I say we need EA is that there could be many variable ways to test my theory.
Ok there are about 7200 1 hour candles in a year. So when I check the average bar size for these candles on Eur/Usd it is 15 pips rounded. That's 1 piece of info.
My idea came to me when I looked at the 4hr bars and saw the big wicks that they formed and when you break those wicks down to 1hr bars the price goes up sharply and comes down sharply so the average 1hr bars that form those 4 hour wicks are more than twice the size of 15 pip 1hour bars.
So we take advantage of this and when a previous 1hr bar's body(not the whole candle) is 10 pips or less we wait for the current bar to move 20 pips in any direction and we enter a position depending on direction. Our sl is open price of the current bar and tp is double that.
Well from there I came up with different variations. For example only sell trades where the current bar goes 5 pips below the previous bars close we sell sl is 1 pip above the current bars open tp is 5 pips. (I recommend using ECN for this type of trading where u only pay commission)
There could be more variations but this is precisely why we need an EA to test them out.
So let me know if you can write EA's I have more ideas
tnx
Well I'm done with averaging down or up or grid although I'm demo testing remons EA at the moment. But let the machine do its work will see.
Again these ideas that come to me are most probably thought of by others and tried.
Its ok I will put it forward anyway.
But I cant seemed to get any coders out there to make an EA for these ideas for without the EA it is almost impossible to test their success or failure.
Now the reason I say we need EA is that there could be many variable ways to test my theory.
Ok there are about 7200 1 hour candles in a year. So when I check the average bar size for these candles on Eur/Usd it is 15 pips rounded. That's 1 piece of info.
My idea came to me when I looked at the 4hr bars and saw the big wicks that they formed and when you break those wicks down to 1hr bars the price goes up sharply and comes down sharply so the average 1hr bars that form those 4 hour wicks are more than twice the size of 15 pip 1hour bars.
So we take advantage of this and when a previous 1hr bar's body(not the whole candle) is 10 pips or less we wait for the current bar to move 20 pips in any direction and we enter a position depending on direction. Our sl is open price of the current bar and tp is double that.
Well from there I came up with different variations. For example only sell trades where the current bar goes 5 pips below the previous bars close we sell sl is 1 pip above the current bars open tp is 5 pips. (I recommend using ECN for this type of trading where u only pay commission)
There could be more variations but this is precisely why we need an EA to test them out.
So let me know if you can write EA's I have more ideas
tnx