The indicator works with every broker

MT5 tool for visualizing extended trade history

I'm sorry, I only code for my own needs - but I'm sure you'll find someone on mql5/jobs, who will do it for a small amount.

MT5 tool for visualizing extended trade history

I think, that's the point, but nevetheless and out of curiosity, I will set up this stragegy in my EA framework. The we have a second set of results, that either confirm you findings or reveal a discrepancy in the rules.

Trading for a living

Thank you for sharing your results. Honestly, I expected those results, as an edge purely from the risk/reward ratio is unlikely. Maybe there is a small edge to the long side, as the skew of the underlying is upwards over the years, but will hardly ...

Trading for a living

Unfortunately I haven't any knowledge of statistics, but I think I got your point and I'm on the same page as you. I see a possible approach of a trading cycle in 3 phases (marked with yellow boxes): Phase 1: we open of up to 3 positions (average ...

A Simple Mean Reversion Strategy

That won't protect you from a big drawdown against you, as the MA is too slow for this kind of filtering - look at a possible entry on picture 1 and the further development on picture 2. I think, the only way to possibly survive with this strategy ...

A Simple Mean Reversion Strategy

Hi Michael, thank you for sharing your interpretation of this method with us. Please take a look at the chart - let's assume you took the short on the 4th of Nov. marked with a grey box. The trade goes into profit, but never reaches TP 2:1, even on ...

Simple trading but profitable

Just compiled it without changes and it works perfectly. Attached the compiled file.

Need help with converted code

This guy is definitely a thumbs up. He also has a german channel, which I am following already for some years.

Looking for Successful Automated Trading Traders

Take a look at the youtube playlists of Martyn Tinsley. This is by far the best content on algo trading, that I know, and it's free! Especially his playlist about backtesting and statistical significance is an eye-opener: video Regards, osfx

Looking for Successful Automated Trading Traders

StrategyQuant X Pro

Twin RSI - simple trading strategy

Those are exactly the rules, that underlie my test. I share the same experience: I often was excited to have found promising strategies on the charts only to see the backtests showing me the opposite. I learned, that my eyes see what they want to ...

Twin RSI - simple trading strategy

Obviously, the percentage of winning trades hovers around 50% net (without trading costs). Trading costs included, it loses on both sides.

Twin RSI - simple trading strategy

I made a quick test with the original rules as per post #1 on 28 currency pairs, H4 timeframe, to see, if there is some basic edge before going into deeper analysis. Unfortunately, this setup is a losing one throughout all pairs (at least as a ...

Twin RSI - simple trading strategy

Take a look at the work of member bionics url . In his threads and youtube channels, he explains his theory, how big players take control and manipulate the markets. Kind regards, osfx

Stop Loss Hunting, Manipulation by the Smart Money in Forex

ok, seems to be no solution out there... so I coded a script (put it into script folder) for this purpose: The script draws boxes with entry, original stop loss and take profit levels, as well as the actual exit level. The width of the boxes ends, ...

MT5 tool for visualizing extended trade history

For my trading (both algo and manual), time (more precise: time period) is as much as important as price. Time periods divide the price movements into equal chunks and enables me to judge the momentum, which is an important dimension in my trading. ...

What does time give you on a chart?

Could you please explain your statement in more details?

Trading bias. Is 200 EMA a trap?

Hi Mika, interesting study, as it confirms my observations, that mean reverting approaches usually work better in Forex (at least in algo trading). I'm an algo trader too, and up to now I haven't been able to create a profitable strategy based on ...

Trading bias. Is 200 EMA a trap?