Even if my own experience in forex is still poor, one thing i think i have understood about it.
It is that to find mechanical ways to trade one has to first understand those "things" about the market that are objective and will never change.
Support and Resistance, the relation between the various pairs (wich as far as i know must be strictly mathematical), the fact that markets are driven by collective hope/fears (the perceiving of wich also influences the big players) etc etc.
So were to start?
I'm thinking about a general outline of a mechanism wich aims to incorporate only those general and (as far as i can understand) unchanging characteristics. It may just as well be worthless, but i'm pretty sure that it will heavily help my understanding of the markets. I still dont know what i want ot take out of it, if an indy or an EA or whatever else, but i'm pretty sure that i will try to make it into some form of mql code.
The general ideas i'm looking to study on, and on wich i welcome any intelligent and passionate feedback, are those (for now):
- relation between the major pairs and their current volatility.
- peaks..they help defining trendlines and directions but may just as well confuse your chart.
- plus a few nebulous and crazy ideas wich constantly surface thru my mind.
I dont know how to explain this, but while i will use indy's i will always try to find original ways to employ them, my aim is to better understand the objective mechanisms of market movement, not to have an arrow on screen that says "BUY NOW".
Finally, i dont know how often i will update this thread, nor i know how much time i can give to this..but here0s a first step, hopefully i will be capable of taking it forward.
Ciao.
It is that to find mechanical ways to trade one has to first understand those "things" about the market that are objective and will never change.
Support and Resistance, the relation between the various pairs (wich as far as i know must be strictly mathematical), the fact that markets are driven by collective hope/fears (the perceiving of wich also influences the big players) etc etc.
So were to start?
I'm thinking about a general outline of a mechanism wich aims to incorporate only those general and (as far as i can understand) unchanging characteristics. It may just as well be worthless, but i'm pretty sure that it will heavily help my understanding of the markets. I still dont know what i want ot take out of it, if an indy or an EA or whatever else, but i'm pretty sure that i will try to make it into some form of mql code.
The general ideas i'm looking to study on, and on wich i welcome any intelligent and passionate feedback, are those (for now):
- relation between the major pairs and their current volatility.
- peaks..they help defining trendlines and directions but may just as well confuse your chart.
- plus a few nebulous and crazy ideas wich constantly surface thru my mind.
I dont know how to explain this, but while i will use indy's i will always try to find original ways to employ them, my aim is to better understand the objective mechanisms of market movement, not to have an arrow on screen that says "BUY NOW".
Finally, i dont know how often i will update this thread, nor i know how much time i can give to this..but here0s a first step, hopefully i will be capable of taking it forward.
Ciao.