a daily forex bar has a very high chance of having a high and low beyong it's open...

Discussion in 'Strategy Development' started by TGpop, Oct 12, 2010.

  1. TGpop

    TGpop

    how can we make money from this?
    whoever is interested in starting a skype group for creating a system around this, PM me
     
  2. very interested... very keen observation
     
  3. The market also has a very high chance of going up or down.
     
  4. opm8

    opm8

    Sometimes, though, that chance is greater than other days.
     
  5. TGpop

    TGpop

    well pm me if you're interested
     
  6. TGpop

    TGpop

    someone i used to know runs an automated system on fx using this, i have a lead as to where to start from him
     
  7. traderrn

    traderrn

    Is this for real or am I missing something?

    You are saying price has a very high chance of moving up and down from the open?
     
  8. It is genius.
     
  9. Often you'll find it has a significant, non-zero probability of going up or down, or even the reverse.
     
  10. TGpop

    TGpop

    no worries doubters, i just backtested an idea similar to this with around a 75% win rate , 0.9 r:r, occurring pretty much every day
     
    #10     Oct 12, 2010