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EA - not sure what price to use

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Luca
38
Luca  
Hi everyone,
I've started to develop an EA, and I'm not sure what price I should use.

The strategy in my EA is based on a predictive algorithm, now, I trained the algorithm with historical bid closing prices for the EUR/USD pair (not so easy to find reliable historical data).

The logic in the EA is roughly this:
1 - collect n number of prices (should I use Bid or Open[0]?)
2 - make a prediction
3 - open an order

Having trained the algorithm with the closing bid price, I'd suppose I should use the bid price, the one that is in the variable Bid not the one that's stored in Close[0].

Question n 1
What price is correct to use?

Question n 2
If I use the bid price (i.e. Bid object) and predict that the bid price is going up is it correct if I open a buy order based on that prediction?

Thank you so much.

I'm pretty new to forex.

Best of luck with your trades.

Luca

whroeder1
15019
whroeder1  
Your strategy, your answers.
Luca
38
Luca  
WHRoeder:
Your strategy, your answers.
Thanks for your help bro, I really appreciate.
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