I'd love to share with You a intriguing idea I once developed myself and still using quite frequently.
Try to take a look on a chart with no additional indior - just pure candlesticks.
Likely it is hard even for experienced traders to tell what really will happen in the long run when seeing only the pubs.
But let's take this more simple! . Seeking a chart. Are You able to guess which egy worked best during the time you're taking a look at?
Starting from point A and ending at B.
What was the best egy to exchange?
First take a look on a chart like this one
it is about 640 pubs on EURUSD H1 chart.
To to not think too much let's attempt to pick 1 of 3 predefined simple egies with no MM:
1. Bollinger band [15,1] - trades are taken across the BB (brief when previously, long when below)
2. Moving average [25, close] - extended trades are taken when shut above MA, brief are taken when shut below MA
3. RSI [15] - trades are taken across RSI 45 and 55. After last RSI closed below 45 proceed long, when last closed over 55 go brief
Only these 3 to get a beginning.
I'll show You the way to simply have a wonderful insight into this without programming each EA and backtesting it in egy tester.
The tool I want to share with You've even greater power in certain aspects, as it gives to a trader type of a function F(x) in which F() is an overall cumulative profitability of a egy and x variable is the candle pubs.
In my next article I'll show You what exactly is this instrument.
Hope You will find it intriguing as much as I did.
I Will appreciate Your opinions.
Regards!
Marek
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