You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
you guys are just chatting here,lol, well, the chart is useful but it can be shortened into one short sentence in summary,which i found more direct
win: loss ratio is directly proportional to risk:reward ratio
that really makes me wonder how you guys trade, or you guys dont trade at all?
that really makes me wonder how you guys trade, or you guys dont trade at all?
Before all, I am programmer since 1986. I only begin to trade in late 2011. So my advice is surely more confident in programming question that of trading.
My experience, as programmer in MT4/MT5, is that you can't hope make a winning EA in long term, if you are not able to trade manually. So I had begin to trade manually.
I've never been able to use popular indicator in a winning strategy, so I use mainly chart action price, candlestick pattern & support/resistance.
Before all, I am programmer since 1986. I only begin to trade in late 2011. So my advice is surely more confident in programming question that of trading.
My experience, as programmer in MT4/MT5, is that you can't hope make a winning EA in long term, if you are not able to trade manually. So I had begin to trade manually.
I've never been able to use popular indicator in a winning strategy, so I use mainly chart action price, candlestick pattern & support/resistance.
Bar patterns, did you see these charts I uploaded to the mql4 Forum just over a year ago ? https://www.mql5.com/en/forum/138317
I didn't see it. Good work :-)
What'is your conclusion ?
I didn't see it. Good work :-)
What'is your conclusion ?
Many/most/all strategies that depend on bar patters don't work . . . having said this I haven't tested many/most/all strategies based on bar patterns so I can only apply my conclusion to my own work. I invite everyone else to look at the charts, think about what they see and come to their own conclusions ;-)
All depend of what you are looking at chart. For me, the 6 charts in your link, ALL show some interesting pattern. You have to be flexible with pattern use, and don't rely on them alone.
Also I think, higher timeframe is better to use with bar/candle pattern (and I know your next objection ;-))
EDIT: I wonder if your chart shifting technique could not be use as a filter ? A signal present in 4, 5 or 6 charts must be stronger that if only in one chart.
All depend of what you are looking at chart. For me, the 6 charts in your link, ALL show some interesting pattern. You have to be flexible with pattern use, and don't rely on them alone.
Also I think, higher timeframe is better to use with bar/candle pattern (and I know your next objection ;-))
EDIT: I wonder if your chart shifting technique could not be use as a filter ? A signal present in 4, 5 or 6 charts must be stronger that if only in one chart.
Had to go out . . .
It may depend on what one is looking for, it may also help confirming on a lower timeframe or higher timeframe, there are lots of things that can be tested thoroughly by coding an EA and running it on several instruments for several years, anything that has merit will so it across instruments and consistently through time, IMO.
Yes, D1 and H4 are bad timeframes . . . unless you know which D1 and H4 timeframes are the valid ones and why, but you knew I was going to say this ;-)