Facebook released its Prophet Forecasting Algorithm to the public in March of this year.
Facebook Prophet Algorithm is a robust algorithm that is being internally used by Facebook team.
This algorithm is available to the public as an API in both R as well as Python.
In this blog post I explain in detail how we can use Facebook's Prophet Algorithm in forex trading.
I have used R language. Using Python is also easy. In Python you will have to first install stan as well as cython packages.
It took me around 3 days to get the R code right. Algorithm was not making the prediction.
The problem arose due to the fact that the generic predict R command was considering prophet model as a character and not an object.
But now I have corrected the code and it takes less than a second for the Prophet algorithm to make the prediction.
We can also decompose the predictions into trend and seasonality components.
Read the blog post in which I explain everything.