TheRumpledOne wrote:merka wrote:@TRO
Based on your frequency distribution analysis, I'd like to understand which "edge" is more successful between the following ones.
The strategy is to place 1 order per day per instrument. The order will be placed at the opening of the Asian session (22:00 UK time) and after that close the pc for the next 24 hours.
1)I will place buy/sell order based on "previous day" candle color (If it was red than sell order. If it was green than buy order).
2)I will place buy/sell order based on "previous day+weekly" candle color (If previous day is red and weekly is red than sell order. If previous day is green and weekly is green than buy order. No order for all others combinations).
3)I will place buy/sell order based on "previous day+weekly+monthly" candle color (Order will be placed ONLY when all TFs are the same color. Green for buy and red for sell).
4)I will place buy/sell order ONLY accordingly to the weekly candle color.
5)I will place buy/sell order ONLY accordingly to the candle color of "weekly+monthly" (no order in case weekly and monthly candle have different colors).
Do you have something to analyse the above cases? Even an Excel file will be ok if you prefer that.
Regards
Merka
I think my continuation freq dist would work for 1. I would have to modify it to do the others.
Interesting ideas!!
I tried to do the analysis with excel but is too much work because when you change instrument you have to repeat all the calculations.
I will post soon the one I did for EUR/USD.
I guess having a code will make the analysis more easy and quick to analyse all the 28 pairs but unfortunately I'm not a coder.
The Idea is to find a simple mechanical entry trigger for a set-and-forget trade on the daily chart.
Let see if you can adapt some of your previous indicators.
Have a nice week.
Merka