Thanks. Please check post 12 for the calculation logic...

Random Walk (The unbeatable!)

I have revised and combined the indicators into one indicator. Download both of them but attach only the RW-SupportResistanceALL on 5 minute chart, on the background it will use the ATR-Close indicator. file file I have edited the first post ...

Random Walk (The unbeatable!)

Exactly... Good Luck...

Random Walk (The unbeatable!)

The Random Walk theory does not give any indication of a trend. It just gives the possible levels of turning points (support and resistance). The winning percentage depends on how successfully you can assess the trend for that specific day. A trader ...

Random Walk (The unbeatable!)

Since this is a 1 trade per day suggestion, better to use 1 hour and up to find the trend...

Random Walk (The unbeatable!)

Thanks Panisko.. Enjoy your vacation in the meantime....

Random Walk (The unbeatable!)

1. It is up to you. You can use moving average, or any other method to figure out the trend. 2. It is not a secret. Random walk calculates (Sqrt(bars) * Volatility * ZScore) You can find more detailed explanation on wikipedia or any other statistics ...

Random Walk (The unbeatable!)

I am glad that it works for you. Thank you and good luck....

Random Walk (The unbeatable!)

Well since it uses the random walk theory it can be used for any pair or cfds. Just make sure you put those two indicators on 5 minute charts..

Random Walk (The unbeatable!)

Thank you and good luck..

Random Walk (The unbeatable!)

For trading try the following: If you believe that the market is short than enter sell limit at Fib 78.4 level, take profit at Fib 0 (D1 Sup 0). Stop Loss few pips above Fib 100 (D1 Res 0). If you believe that the market is long than enter buy limit ...

Random Walk (The unbeatable!)

On RW-SupportResistance indicator change the colors of weekly support and weekly resistance to NONE in the indicator color settings..

Random Walk (The unbeatable!)

Well, good luck Math. I hope you get similar or better results.. One more question: Are you using trailing stops? I know trailing stops in backtests skews the results on the positive side... Just a heads up... Thanks for your efforts. Best..

Renko Trading Discussion

Very interesting Math... Did you check the trades in visual mode to see entry and exit prices are at intended levels?

Renko Trading Discussion

Thank you for this post Pip, very enlightening. If we forget about mean reverting and try to go with the trend, how can we accomplish that in random walks (without known drift)? Right off the bat 2 ideas come to my mind. I am sure you guys will have ...

FXEZ's Quantitative Research In R

Great work FXEZ... I know this is not the place for indicators etc.. but I found a tool which makes random walk calculations very easy. file This indicator creates an offline chart. It is excellent for random walk calculations as binomial ...

FXEZ's Quantitative Research In R

Well don't trade options either and don't have access to options platform....So no idea!! Sorry!

FXEZ's Quantitative Research In R

Very true.. Until IV is publicly available in real time, long period of abs(close - close(-1)) does the trick for daily ranges for now..

FXEZ's Quantitative Research In R

Thanks for bringing it up FXEZ. I must make a correction that using ATR is not correct really. It gives amplified results. Best volatility measure would be abs(close - close(1)). By using absolute difference between 2 preceding closes could be ...

FXEZ's Quantitative Research In R