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


    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


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


    well pm me if you're interested
  6. 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


    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


    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