Hey Guys
I have been brainstorming like crazy lately and thought it would be good to start a thread for everyone to share their raw idea or experiments.
I have been trying to look at trading from a different perspective, sort of thinking outside the box ie a completely different approach.
Here are 2 examples to kick it off
1 - The Friday daily candle. Does this have more significance than the other days. Why, because for the last weeks trend to continue the hi or low has be breached convincingly
What are the odds that if the friday candle is down Mondays candle will be too.
What if it was at best 50/50 could this be a martingale strategy with fixed odds betting.
2 - Draw a box of 115 pips on a naked 1 hr chart . Now place the box on the pricechart when the price has completed this move in one direction.
Does it continue for at least 5 pips or more. 115 is variable
3 - This is an idea for an ea, consolidation areas are ranges which kill most retail traders. Can we turn this to our advantage?
The ea would have 2 variables
1 - price range ie 150 pips
2 - time, ie days or hours
alert for range broken
so for example eurusd
price has been sitting in a range of 150pips for 5 days, on the 6th day it breaks out and we get an alert.
I will update when I have another idea.
Cheers J
I have been brainstorming like crazy lately and thought it would be good to start a thread for everyone to share their raw idea or experiments.
I have been trying to look at trading from a different perspective, sort of thinking outside the box ie a completely different approach.
Here are 2 examples to kick it off
1 - The Friday daily candle. Does this have more significance than the other days. Why, because for the last weeks trend to continue the hi or low has be breached convincingly
What are the odds that if the friday candle is down Mondays candle will be too.
What if it was at best 50/50 could this be a martingale strategy with fixed odds betting.
2 - Draw a box of 115 pips on a naked 1 hr chart . Now place the box on the pricechart when the price has completed this move in one direction.
Does it continue for at least 5 pips or more. 115 is variable
3 - This is an idea for an ea, consolidation areas are ranges which kill most retail traders. Can we turn this to our advantage?
The ea would have 2 variables
1 - price range ie 150 pips
2 - time, ie days or hours
alert for range broken
so for example eurusd
price has been sitting in a range of 150pips for 5 days, on the 6th day it breaks out and we get an alert.
I will update when I have another idea.
Cheers J