I understand and agree with your point. As a software engineer by trade, I know full well that few of the computer-generated "random" numbers are TRULY random. The computer still tries to base these "random" numbers on something (typically, it's the ...

S/R and TL on Randomized Price Movement

Patterns evolve with or without randomness — Most humans assume that patterns are the result of a cause/effect relationship. They also assume that the inverse is true - that if there is no cause/effect relationship (in other words, if it is ...

S/R and TL on Randomized Price Movement

Randomness is relative — In almost every instance, something identified as "random" can more accurately be identified as "we don't (or can't) properly understand all of the factors that determine the outcome". Probably the most common example ...

S/R and TL on Randomized Price Movement

Randomness is not either/or — I know that I REALLY should not bother wading into these theoretical debates. But I honestly think it's important that traders understand these concepts, so I'm going to try to shed some light on this. Lord, I ...

S/R and TL on Randomized Price Movement

Hey, thanks! I create EAs but I've never bothered to create a custom indicator (I know, it's basically the same thing, but I just spend all my time making the programs to juggle this stuff in system memory. I don't often set my own eyes on a chart.) ...

Trend-spotting

Sorry to be so daft, but what currency pair is that??

Trend-spotting

1. This trend-spotting method applies to all charts on all TFs- M1 through W1. However, if you are trying to use this method as a key factor in trading decisions, I would probably stick with H1 or longer. More whipsaws present themselves in the ...

Trend-spotting

This dovetails nicely with my bar-counting methodology because, under my system, that little upturn would have been totally quantified as still a part of the downward trend. If I were trading it, I have to admit that I wouldn't have shorted it quite ...

Trend-spotting

Sigh...

Trend-spotting

Retracement quantified — Here's the same chart zoomed in with my counts added to each bar. Clearly, USDJPY is in a huge upswing - it doesn't take a magician to figure that out. But what about the retracement between the red lines? Will that ...

Trend-spotting

Whipsaw protection (sorta) — Another reason I like this method of trend-spotting is that it seems to be less prone to the dreaded whipsaw. Don't get me wrong, you will still find false reversals - any trend following process will - but I have ...

Trend-spotting

A broader view — So zooming out, we see how the scoring of each bar according to its low (if it closed down) or its high (if it closed up) in relation to previous lows/highs dynamically dictates the strength of the trend as it first dips ...

Trend-spotting

Quantifying reversals — If the trend is going to reverse, how/when do we quantify that event as having happened? The attached chart shows this process. In the previous post, I said that those two up bars after the deep dip did not qualify as a ...

Trend-spotting

Trading signals? — I'm not posting this trend-counting method as a trading system, but if you wanted to trade off these trends, what kind of signals might there be? This chart is the same as the last, except that there are two down arrows ...

Trend-spotting

Trend - quantified — Here is the same chart with some handy-dandy numbers written on it. The numbering system is extremely simple. After the completion of each bar, you assign it a number. The number is counted like this: If the bar closed UP, ...

Trend-spotting

What is the trend on this chart?? — So let's start with an illustration. I'm attaching a basic bar chart for EURUSD. I like to ensure that the up bars are green and the down bars are red so it makes it very easy to sort them out when I'm ...

Trend-spotting

Math is important to me — The first key for me in quantifying a trend is to apply some sort of mathematical process to the effort. I hate - absolutely loathe - the idiotic responses that some others post in similar threads that go something ...

Trend-spotting

These results say they are a backtest. I'm specifically looking for feedback from traders who have used EAs in LIVE trading. Backtesting an EA has little value to me.

YOUR results with live, fully-automated EAs??

Is this profitable??? — Something about this system caught my eye. I am currently deploying it on an EA in a demo account. I don't believe it's profitable in its published format. But I think it's quite close to be profitable with a little ...

50 pips candle system