Trading against the crowd - is there an interested programmer in working together - page 4
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She is wrong in that to close their buys they have to wait for a price higher than they bought, because the price is falling and there is no demand to buy in this case one should only work to sell, and wait for the moment to consider buying only when the crowd stops buying or accepts losses and closes their buys
On the AUDUSD (65% of the crowd is buying, 35% selling) and the NZDUSD (57.16% buying, 42.84% selling)
They are already standing to buy! -You said it yourself and showed a picture showing it. Hence - either they are shorting and waiting, or potentially wanting to buy lower.
What sale? - The crowd has been sitting in shorts for a long time, counting profit and waiting for an exit from the position by buying.
And you're just about to sell. This is where it will end.
How can you not understand such simple things? The aggregate position goes into deficit, which means the market maker makes money.
The crowd is 99% of the participants, but not 99% of the money.
Well, then you'll soon be able to automate the process by half :)
Any broker gives a quote to buy and sell a particular instrument from the market.
I was once interested in COT reports, in fact, this indicator is their lighter version, only it does not take into account institutes. And with COTs in general is fun - they show exactly the same thing as the RSI indicator, if you make it as an indicator. And as usual the market has started to gurgle, no proper information is to be found... I mean the commentators would not be writing anything important. In general, the topic is interesting, there are some objective things, I will have to go deeper into the study. You say you have an indicator, but you can't write an expert?
The conservative and aggressive ones can work for years but the profits are not so high, the aggressive ones with martingale are quite long but at times the risks are very high, but still better than when the indicator is switched off.
I do not know how to do this. There are already some who want to do it together.
The idea is to analyse not only who is standing in which direction, but also the volume of positions
I have been to your site - it turns out you also work in this direction, can you share the results or experience
I will post the oanda indictors soon
fully automated?
fxsm has developed indicators for mt4 and for their terminal, updated at every tick
You mean an exchange traded instrument?