Of course Genius, the question is where you have your orders, and that can not be based on a single candle. Since your are Laughing on Floor, I'll give you a bonus quote that I saw on a recent thread to Laugh on, it goes "95% of the time price will ...

There is No Edge in a Single Candlestick

As the ActivTrades demo account which holds the Cmdty_Crncy_Basket_Demo was expired (ages 1 month), I will remove it and attach the FXDD Metals_Basket_Demo. Meanwhile, this is the latest status of the Cmdty_Crncy_Basket_Demo, before removal. image ...

Basket Robots

Referring back to GBPUSD, H1, example chart posted on 1st post, and updated with today PA as below. image Why price would go down to "test" 1.486x, or go up and "test" 1.498x. "test" here means bounce or break. Those are the closest areas of ...

There is No Edge in a Single Candlestick

Very funny. Nice Catch. :nerd: I was not in a good mood yesterday, as some fellows tried to spoon-feed me something fishy the day before. I took your trick question seriously, and though of "edges" as dimensions, in this context, we may consider ...

There is No Edge in a Single Candlestick

Open High Low Close Volume Spread. But they don't mean much if not compared with previous values.

There is No Edge in a Single Candlestick

If I may cja and other great contributors, your doing a great job and a huge favor to ff community. Thank you. Alex you can check Basket Robots and see if it fits your requirements. Regards to all.

I will code your EAs and Indicators for no charge

Hopefully soon. I've spent a good time on basket development. BigCandle was downloaded over a 1000 time, however I didn't receive much input. So, either the system is not of interest, or it is working just fine as is, or maybe they got it modified ...

Robot Lab Project

This is a random entry system with a user-defined SL and TP, and averages up on winners on a user-defined step size. I built the system quickly to test an idea posted by felexis in the Robot Lab. Here is the link to the system Anti_Sucker_01.

Let's build a trading system (EA)

Clearly you don't fit the profile I mentioned. My opinion is that it is meaningless to take a trade based only on the current single candle, while we have additional information in front of us.

There is No Edge in a Single Candlestick

Moreover, looking at single time frame (not a a single candle), will not give the big picture. And so I am a believer in MTF trading. Moreover, looking at a single pair will not give you the full picture, so I am a believer in Basket Trading. If ...

There is No Edge in a Single Candlestick

One of my early systems "Follow the Big Candle" was based on a single candle stick. But guess what, it was not based on the open of the big candle, because there is no way to know if it will be Big at the open, the system waits until it exceeds a ...

There is No Edge in a Single Candlestick

Trading a single candlestick at open in isolation of previous candles and confluence areas, is some sort of gambling. It can make sense at news time, but again you need to know were to exit either in profit or loss, and what would be the guidance ...

There is No Edge in a Single Candlestick

So why not trade the break outs using buy/sell stop orders in the previous example. Well as you can see the whole price action for the latest 2 weeks is capped by High and Low of March 18th, so basically we are in a range. I would trade breakouts at ...

There is No Edge in a Single Candlestick

Looking at the chart from 1st post, the question is how are you going to trade it next week. Although I am not trading GBP/USD at this time, but if I will, I would have: Pending Buy Limit Order around 1.486x with TP at 1.495x and SL at 1.479x ...

There is No Edge in a Single Candlestick

Making trading decisions based on a single candlestick in isolation of recent PA (S/R, Trend Lines, candle formations... etc) is like entering a dark room with one candle, compared to entering a dark room with as many candles as you can.

There is No Edge in a Single Candlestick

In spot market 95% of the time open price is just a continuation of previous price action, the close of the previous candle. The other 5% is for gaps.

There is No Edge in a Single Candlestick

My questions were specific related to the statement "95% of the time price will close above or below the open." Amateurs will never see the edge in this quote, unless a professional point it out where the edge lies within this quote." Your reply is ...

Higher Edge within a Single Candlestick

My questions/comments were directed to the OP, I you are "the Professional" who is supposed to "Point Out the Edge", well, you didn't. I am not in search of "turn-key" trading systems, actually I share few of those clearly, openly and free, no ...

Higher Edge within a Single Candlestick

I am an Amateur, So is there any Professional out there who can point out the Edge ? If not what is the purpose of the thread anyway ? Its either Share or Not Share. It amazes me how people through half ideas here and there and are scared of ...

Higher Edge within a Single Candlestick