This is interesting.. A close friend of mine’s dad actually has been trading now for over 2+yrs successfully and he retired in the beginning of the year and trading full-time now (he is extremely disciplined). I saw his strategy and its very similar to what you outlined actually. He uses slope lines in multiple time-frames and he also LOVES OBV.…[Read more]

Oh, almost forgot! Here is my node.js script if anyone is interested in playing around 

You need to have Node.js installed in your system.
Run npm install to install the needed packages.
Then run the command node simple_probability.js in the directory.
I added some comments to the top. First you will need a data export from MT4 or EURUSD…[Read more]

Oh, almost forgot! Here is my node.js script if anyone is interested in playing around 

You need to have Node.js installed in your system.
Run npm install to install the needed packages.
Then run the command node simple_probability.js in the directory.
I added some comments to the top. First you will need a data export from MT4 or EURUSD…[Read more]

Hi all!

I started playing around with probabilities once again  I’m wondering if someone could verify if my probability calculations are correct.

This is what I want to find out:

What is the probability of price going up 40 pips given that it has already gone up 20 pips first before going down 20 pips.

I’m observing EURUSD for this…[Read more]

If you are new to this concept and need our help to get started, please get in touch.
Enhancer Signals

What is the purpose of this – a commercial offer?

s.

Test

Thanks @tradefinder! Got 3 pdfs now and try to upload them myself.

Ok, I’m afraid there’s something wrong with the forum software. I can only upload one file at a time.

s.

If your forward test results are good you can continue trading with the same settings, otherwise try to find new settings with EMA disabled.

Backtest results with EMA are inaccurate. The signal was shown to be permitted before the EMA had closed above because the indicator uses an approximation method for the entry price level, it tries to simulate real time behaviour. The  EMA 1 should exceed the close of the candle.

For a valid real time signal the real time EMA should exceed the close of the bar. In history there are no real time data therefore instead of real time EMA we use the closed candle EMA. This is obviously inaccurate and explains why the circled areas could have given valid real time entry signals but no historical ones.

It defines the stop loss as a percentage of  the distance of current price from the take profit level. You can set it to 50 for a test.

When a ‘different’ OBV is based on a strictly causal algorithm, the answer to the question ‘Who is leading?’ will basically not change.

You can easily add some kind of extrapolation to speed up the original OBV algorithm, but this will lead to additional uncertainties.

In the end, only statistics will tell the naked truth, turning dogmas into…[Read more]

IMO, using the term ‘always’ is ‘always’ dangerous when it comes to Forex trading. Sometimes volume seems to be leading price, sometimes it seems to be the other way round.

Prices reflect the battle of contradictory views on the market and different interests of the major players. If the current balance of these views and interests changes,…[Read more]

A dynamic trailing stop option and the ability to copy SSBODynamicBreakoutBox signals have beed added to Rossbot.

Using Rossbot in a TZ recurrent trading style

Not the worst balance sheet I’ve seen so far!

I guess some members might be interested in a little more detail about the strategy applied to achieve this …

I have no experience with renko therefore I have no plans to support it.

I may consider adding dynamic trailing stop to a future Rossbot version.

@xux99: I recommend the PDF document that is published here: http://www.forexfactory.com/showthread.php?t=411923

It covers the probabilistic aspects of trailing stops, partial TP, moving SL to BE, and more in great clarity.

s.

I may consider adding dynamic trailing stop to a future Rossbot version.

Thank you so much all!    It was hectic the past few months. Things are finally cooling down like the weather over here 

I miss spending my reading through the posts and giving something back and I will be visiting more often now