In this screenshot the range of the H1 bars is more or less 10-15 pips. But a single bar can be 6 times bigger. This can be seen as a distortion of the impact of the range. I hate this kind of bar especially when I'm long... I know the price won't ...

Range bar charts are Normal charts!

I can't code in MQL. Count me out for the mq4 file For now I have this. The purple channel is the trend defined by an IIR filter. Its lag is 40 bars. It is shifted backward in time. The green and red indi is an estimator of where the channel will ...

Range bar charts are Normal charts!

It suggests that a volatility breakout trader will never find any opportunity because the volatility is almost constant. But a mean reversion trader using Bollinger bands has a good reason to try his system on a range bar chart. He will avoid the ...

Range bar charts are Normal charts!

The variance (volatility) Markets returns exhibit volatility clustering. They are said heteroskedastic. The graph below is a running variance of 500 samples over ~50000 bars. In red you can see the variance of the time based returns. In blue you can ...

Range bar charts are Normal charts!

The trend Since we are investigating historical data we can use non-causal filters. They are the filters which use data in the future. Let's use a very long period moving average. The moving average isn't a SMA. It is a finite impulse filter which ...

Range bar charts are Normal charts!

Quick reminder on moving averages This is off-topic but it will be used shortly later. To compute a simple moving average (SMA) you sum up the N previous prices and divide by N. It can also be realized by multiplying the N previous prices by 1/N and ...

Range bar charts are Normal charts!

The OP wrote: "make a system that understands the markets moves and answers traders' questions" I understand a "meta indicator" which interprets the other ones. Not necessarily to trigger a trade. Building a dashboard with possible opportunities ...

Trend, S/R, Stoch, MACD, RSI, Volatility, Stats & News System

Do I read well? You would like to code the PA reading and having a computer perform basic TA? I'm subscribed.

Trend, S/R, Stoch, MACD, RSI, Volatility, Stats & News System

Makes sense. You may be interested by Gold. H4 may close a Bullish OB (in 1 hour for me), with a support. At the same time a BuOB on daily is at the low of the swing. Daily image H4 image

Simple stupid position trading (H4/D1)

FYI E/N on H4 has a bearish OB. But on Daily there is a bullish OB. Is it relevant to your method? EDIT: pictures image image

Simple stupid position trading (H4/D1)

I did code a flip a coin strategy when I was debugging my simulator. The SL and TP are predefined at the beginning of the simulation. Trades are taken at the open of a H1 bar if none is already running. I played around with the SL and TP. Whatever ...

TEB: Random Entry - Coin Toss Great with R.R.R.

-120 pips on E/U todays? Ican only see a 70 pip movement even if you had open before the gap...

How can I get 99% of profit trades? this is my idea...

I think I got the idea of the method. This is a lifetime long trading plan. The idea, as I understand it, is to grid every 100 pips with a pair of hedged positions so you're never exposed. At each level you make sure you have a buy and a sell. If ...

Does the martingale system really work?

I don't know if this is the most important thing or not. Usually I think risk is the most important thing to focus on. For now we don't have any system. We only have statistical facts: - 84% of the daily candles have a wick on the side of the open ...

How can I get 99% of profit trades? this is my idea...

I uploaded an excel post#67 so you can test ideas. Why do you NEED 99%? What about this day? It went up 3 pips only. Would you have entered short after 2 pips to reach the open for 1 pip?How would know that you shouldn't wait longer? image

How can I get 99% of profit trades? this is my idea...

If price opens and goes down, you're buying against the current move. What is your trigger to go long? If your target is the open price the potential profit is too small to make this method profitable if the SL is 40 pips below the open. what is ...

How can I get 99% of profit trades? this is my idea...

$1.3900 = 13900 $pips 0.2% = 0.002 13900 * 0.002 = 27.8 pips Quite realistic in fact.

Will $1 billion units per trade move EUR/USD?

No the one I explained you posts 34 and 42.

How can I get 99% of profit trades? this is my idea...

I must correct you here. This is called "Gambler fallacy". The 6th time you'll get black with the very same probability as for any spin: 48.65% (00 is green!) If ever you go some day to a casino ask a croupier how many times he saw like 20 red in a ...

How can I get 99% of profit trades? this is my idea...