Random Walk Theory applying in Expert Advisor (Random Walk Theory applying in Expert Ad)
This article is just a continuation of my previous work. If we just randomly enter the market without any extensive training in Forex or basic/technical knowledge, or know nothing about macro/microeconomics, can we make a profit?
Disclaimer: I have received feedback that my content is commercial or nearly commercial. I once defended this statement by saying that I don't share actual files for free unless you are close to me. This time I want to use a file to start the thread. If you're using it - and have trouble - you're welcome to post here. In my past experience, I used to get a lot of private messages but not a lot of post replies. I encourage you to get involved and share your stories without hurting each other. Let’s see how we can participate in this Walkathon and help each other
RekonX Update <br> File has been deleted, please message me for details.
Note: You may find other downloadable files on various pages, but these are temporary releases only. So don't waste your time downloading them again, just use the version from this post, I will upload the latest version from time to time and you can use them.
Trading strategy summary (you can also save time here, no need to browse all pages to get the summary)
A) Instruments: Any USD currency pair, I prefer EUR USD, GBP USD
B) Timeframe: H4 Chart
C) Installation: Just put the RekonX folder into the Experts folder and use EA from there.
D) Method: Trend and Price Action, we still call the trade entry a random trade because the EA does not know if this is the best trade entry to be 100% profitable.
E) Trends: Identify short/long term trends and set trading direction, eg. The 5MA is below the 40 MA so the trading direction is Sell, the MAs used - 1, 5, 10, 20, 40, 80 and 160, there are 7*7 different scenarios possible to detect the current H4 trend.
F) Price Action: All major price action for trend or reverse entries, please read the topic to know more
G) Market Volume: It plays a vital role, so we detect whether we should trade now (current H4) based on previous candle volume (Tick)
H) Candle Volume: Whether the current candle is overbought or oversold
I) Trading hours: 4,6,8,10,12,14,16,18,20,22 - these are trading hours - but you still apply EA on H4 chart for better reading of indicator data
J) Entry and exit: Only enter when the trading time matches, and if H-Candle Volume and G-market Vol as well as F-PA and E-Trend allow, multiple positions can be opened and closed, and exit is fixed at $10.
K) Do not trade:
1. If the trading time is not in I) Trading time
2. The last candle’s volume is outside the average trading range
3. Price is in supply or demand zone
4. The current candle length is outside the average candle range
Past work <br> An EA that can survive for more than a year!
Rekon-X Automated Robot Expert Advisor for Forex Trading
RekonX: Trade Binary Volatility 24×7
Binary Options 24 BY 5
Multi-timeframe analysis for spot and binary options Rekon Xs and market scanners for spot and binary options
Rekon Binary Options Trading with M15 Charts
Disclaimer: I have received feedback that my content is commercial or nearly commercial. I once defended this statement by saying that I don't share actual files for free unless you are close to me. This time I want to use a file to start the thread. If you're using it - and have trouble - you're welcome to post here. In my past experience, I used to get a lot of private messages but not a lot of post replies. I encourage you to get involved and share your stories without hurting each other. Let’s see how we can participate in this Walkathon and help each other
RekonX Update <br> File has been deleted, please message me for details.
Note: You may find other downloadable files on various pages, but these are temporary releases only. So don't waste your time downloading them again, just use the version from this post, I will upload the latest version from time to time and you can use them.
Trading strategy summary (you can also save time here, no need to browse all pages to get the summary)
A) Instruments: Any USD currency pair, I prefer EUR USD, GBP USD
B) Timeframe: H4 Chart
C) Installation: Just put the RekonX folder into the Experts folder and use EA from there.
D) Method: Trend and Price Action, we still call the trade entry a random trade because the EA does not know if this is the best trade entry to be 100% profitable.
E) Trends: Identify short/long term trends and set trading direction, eg. The 5MA is below the 40 MA so the trading direction is Sell, the MAs used - 1, 5, 10, 20, 40, 80 and 160, there are 7*7 different scenarios possible to detect the current H4 trend.
F) Price Action: All major price action for trend or reverse entries, please read the topic to know more
G) Market Volume: It plays a vital role, so we detect whether we should trade now (current H4) based on previous candle volume (Tick)
H) Candle Volume: Whether the current candle is overbought or oversold
I) Trading hours: 4,6,8,10,12,14,16,18,20,22 - these are trading hours - but you still apply EA on H4 chart for better reading of indicator data
J) Entry and exit: Only enter when the trading time matches, and if H-Candle Volume and G-market Vol as well as F-PA and E-Trend allow, multiple positions can be opened and closed, and exit is fixed at $10.
K) Do not trade:
1. If the trading time is not in I) Trading time
2. The last candle’s volume is outside the average trading range
3. Price is in supply or demand zone
4. The current candle length is outside the average candle range
Past work <br> An EA that can survive for more than a year!
Rekon-X Automated Robot Expert Advisor for Forex Trading
RekonX: Trade Binary Volatility 24×7
Binary Options 24 BY 5
Multi-timeframe analysis for spot and binary options Rekon Xs and market scanners for spot and binary options
Rekon Binary Options Trading with M15 Charts
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