This topic has been discussed many times before. Here are some reasons why reversing a losing system won't necessarily create a winning one: #1. You can't reverse transaction costs or slippage, which always work against you, making all of your wins ...

Your worst EAs (post them)

How to beat the lottery Here is an article about a couple who made several million by finding a way of arbitraging the Massachusetts State Lottery. (Thanks to my friend John A for sending me the link).

Hanover replies to PMs

Unfortunately neither of these indicators maintain any historical data, so there is no easy way to use them in a backtest.

Hanover replies to PMs

I don't know how football bets work in the UK, but betting on rugby outcomes here in New Zealand is more complex than the way you're describing. If a stronger team is playing a weaker team, then the probability that one team will win is not ...

Can YOU make money as a trader?

Many thanks for sharing this very thought provoking video. I watched the first 35 minutes or so. Little wonder that Einstein was quoted as saying that compounding was the 8th wonder of the world (e.g. here). With just a small but robust edge, vast ...

5% risk per trade?

I compiled your MQ4 file using the MetaEditor/compiler build 509. There were no errors, and the resulting EX4 (attached) runs happily on the latest builds -- see screenshot. You might need to delete the MQ4 file and then restart MT4 to get it to run ...

I will code your EAs and Indicators for no charge

Available from this thread.

Daily high/low histogram indicator

I would guess moving averages.

What are the most used/common indicators?

FWIW I gave some thoughts on automated systems here.

What is the best EA in here?

Many thanks for your response, although I see no point in attempting to defend my credibility on a forum that I no longer take seriously. The naysayers have apparently lost money, and I can only assume that they feel some kind of perverse ...

New traders Guide

An outstanding type of analysis.

Why members share strategies?

There are some more advanced volume indicators in some of the VSA and PVSRA threads. I was pleasantly surprised to find how well local broker tick volume could be used as a proxy for unknown volume in a decentralised market. FWIW I use the 'Better ...

95% of the time Price will close above or below the open price

That would be my definition also; it ultimately comes down to exploiting vagaries in liquidity (even if traders are oblivious to this), as it's differences in buying and selling volumes that ultimately drive the market. Of course the edge needs to ...

95% of the time Price will close above or below the open price

Agreed. For me, a key question is: if price is starting to move in a certain direction (up or down), whether it is more likely to continue moving in that direction, or reverse. (This is of course a generalisation, and direction can depend ...

95% of the time Price will close above or below the open price

Sorry, I don't specifically have an indicator that plots accumulation patterns. To achieve this, a programmer would need the mathematical formula for accumulation -- which is possibly interpreted differently by different traders -- and also ...

Hanover replies to PMs

Great thread, Sis. I wish I had your knowledge of statistics.

null

I don't know; I have never studied or traded HKD. If there is long-term statistical correlation, then I assume there could be economic reasons for correlation between USD and HKD. Also, EURHKD possibly trades on (relatively) thin volumes, giving any ...

Hanover replies to PMs

At the risk of sounding negative, I found this post by Sis.yphus (in an excellent thread imho, btw), and the linked study, very sobering. Especially when we consider that retail trading involves additional significant difficulties: 1. Methodology: ...

Hanover replies to PMs

Indicator works OK on my computer. See instructions on RefreshPeriod in post #1.

MA dashboard indicator

Good question, and yes, fwiw I tend to agree with you: all data, whether back or forward, eventually becomes 'historical' in its nature. It also raises the question as to what extent you can use any form of past data to predict the future. Use too ...

Hanover replies to PMs