Market Condition Evaluation based on standard indicators in Metatrader 5 - page 234

Sergey Golubev
Moderator
119483
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

over bougt/over sold levels

Sergey Golubev, 2017.08.25 11:03

The forum threads/posts about it

  • What does it mean a currency to be Overbought and Oversold? - the thread 
  • Overbought vs. Oversold - the post with mini-article
  • RSI based overbought / oversold levels - small thread with indicator (MT4)
  • Video Lessons - Ichimoku With Oversold and Overbought Levels - the post with video
  • Video Lessons - Overbought and Oversold levels - the post with video
  • Stochastic - small thread with trading system based on standard indicators in Metatrader
  • Something Interesting to Read - Theory Of Stochastic Processes - the thread with the books

Forum on trading, automated trading systems and testing trading strategies

over bougt/over sold levels

Sergey Golubev, 2017.08.25 10:37

There are many indicators providing overbought/oversold levels, and you can select them in CodeBase.

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You can look at the following indicators for example:

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Example to use those levels: +135 pips

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Sergey Golubev
Moderator
119483
Sergey Golubev  

What is a trend and is the market structure based on trend or flat

What is a trend and is the market structure based on trend or flat

The concepts of trend and flat can be clearly and fully defined. Besides, it is possible to compare the trendiness degree of different instruments as well as of a single instrument on different scales. Such an analysis allows us to evaluate characteristics and features of instruments and construct trading algorithms considering individual behavior of each instrument.

Knowing statistical characteristics of an instrument and their change over time, we can get rid of optimizing parameters when developing a trading algorithm. Instead, we can perform measurements and deliberately change trading algorithm parameters depending on statistical characteristics of a traded instrument.


What is a trend and is the market structure based on trend or flat?
What is a trend and is the market structure based on trend or flat?
  • www.mql5.com
According to one of the Merriam-Webster definitions, a trend is the general movement over time of a statistically detectable change and also a statistical curve reflecting such a change. In math, trends can be described using various equations — linear, logarithmic, polynomial, etc. The actual trend type is established based on the selection of...