Wormholes - stochastic mismatch system
Read the first 2 pages of this thread, run the EA for at least an hour, read the first 2 pages again and then if you have questions I may answer them.
These are EAs, not indicators. They are EAs in case anyone else wants to build a trading system around the wormhole detection provided by EAs. You may be able to glean what manual systems others are using by reading their statements, posts, and asking them questions.
No need to change settings. Each EA has settings suitable for the time frame.
Give a lot of credit to Eurosdd and the other contributors to the similarity thread.
Based on the comparison of random values on different time frames within a currency pair, the EA flags the latest wormholes detected. I define a wormhole as the price level at which a random mismatch is detected. These price levels tend to act as magnets. I wouldn't say that market behavior always returns to wormhole price levels, but it seems to often do so.
There is nothing special about my own paper trading; I claim no extraordinary insight or skill. I just finished paper trading because I've had time over the past few weeks to understand how strong the gravity of a wormhole is. This seems to make sense, but I can also see where to find an out-of-control loser. This must be managed like all transactions.
The loss you see on the report is part of a group of 3 trades that collectively resulted in a net profit. The market was very thin, so I only closed 3 trades when I had to move on to other trades.
Check out this article to see where I started with my attempts at trading wormholes: http://www.forexfactory.com/showthre...11#post7822711
Maybe you can use it as a tool in your own trading system. Enjoy and discuss. Be good!
These are EAs, not indicators. They are EAs in case anyone else wants to build a trading system around the wormhole detection provided by EAs. You may be able to glean what manual systems others are using by reading their statements, posts, and asking them questions.
No need to change settings. Each EA has settings suitable for the time frame.
Give a lot of credit to Eurosdd and the other contributors to the similarity thread.
Based on the comparison of random values on different time frames within a currency pair, the EA flags the latest wormholes detected. I define a wormhole as the price level at which a random mismatch is detected. These price levels tend to act as magnets. I wouldn't say that market behavior always returns to wormhole price levels, but it seems to often do so.
There is nothing special about my own paper trading; I claim no extraordinary insight or skill. I just finished paper trading because I've had time over the past few weeks to understand how strong the gravity of a wormhole is. This seems to make sense, but I can also see where to find an out-of-control loser. This must be managed like all transactions.
The loss you see on the report is part of a group of 3 trades that collectively resulted in a net profit. The market was very thin, so I only closed 3 trades when I had to move on to other trades.
Check out this article to see where I started with my attempts at trading wormholes: http://www.forexfactory.com/showthre...11#post7822711
Maybe you can use it as a tool in your own trading system. Enjoy and discuss. Be good!
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