New to algo-trading but want to automate a simple yet profitable system, where to start ?
Hi everyone, Probably important: I only trade FOREX. I have decent Python programming skills, though my background is in biology so I'm having a hard time understanding a lot of the techy language I come across. My knowledge is limited to what is inside the IDE, in other words. I also have several years of experience in manual trading using technical analysis. I've got a very simple system I would like to automate. The logic seems really straightforward: it looks at candles during a specific time of the day. If the OHLC (open, high, low, close) ratios meet specific criteria, it enters at market on the next candle and trails the stop loss until stopped out. Trying to implement it somehow turned out very confusing, though. Does anyone have any suggestions on where to begin? And I mean begin from scratch, I don't even know what platform to use (I think Alpaca only does stocks, not forex?). (I use Oanda as my broker.)
Noob'ish questions - What's wrong with these two tactics?
1) Is "averaging" ask/bid data to tweak algo problematic? Im sure you guys know, but forex data comes in pair - ask (price / volume) and bid (price / volume) Currently, im taking the average (ask + bid / 2) to calculate OHLC for both price and via pandas. What is the fundamental problem with using the average to write your algo? I would think that it might be smarter to calculate long entry position based on ask price & volume... and short position on bid price / volume, but this would mean keeping "two" copies of data stream 2) What are known problems using stop limit orders to minimize slippage, other than missing out on potential orders in markets with low volume and fast moving markets? THe only thing I would guess is that creating the stop limit order "gives" hints to the broker... who might be using it against you if their not None-Dealing-Desk broker.
ohlc — Check out the trading ideas, strategies, opinions, analytics at absolutely no cost! — Indicators and Signals . TradingView . EN. TradingView. Sign In. Ticker Trading Ideas Educational Ideas Scripts People. Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Dark color theme Sign Out Sign in Upgrade ... The OHLC is similar to the HLC bar. In addition to showing highs and lows for each period and a tick for the closing price, it also provides a horizontal tick to the left, showing the opening mid-price for the period. HEIKIN-ASHI CHART Meaning "average bar" in Japanese, this is a modified candlestick chart where the open-high-low-close (OHLC) values take the previous period into account to ... ohlc — Sehen Sie sich die Trading Ideen, Strategien, Meinungen und Analysen absolut kostenlos an! — Indikatoren und Signale Wednesday, 18 January 2017. Ohlc Daten Forex Broker MT5-Anzeigen – Anleitung herunterladen. OHLC Channel MT5 Indicator is a Metatrader 5 (MT5) Indikator und die Essenz des Forex-Indikators besteht darin, die akkumulierten Verlaufsdaten zu transformieren.. OHLC Channel MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. Es ist eine Tatsache, dass Metatrader für OHLC Forex Indicator wird kein Geld kosten. Die OHLC ist so ein fantastischer Indikator, denn wir... The Bigger TF OHLC indicator is well worth adding to your trading collection but remember about having realistic expectations. This tool doesn’t generate trading signals on its own. Feel free to develop your own trading system based around it. Related Posts. Forex MT4 Indicators. MA2 Cross AA Cross & Signal Indicator. Introduction to the MA2 Cross AA Cross & Signal... admin-10 November 2020 ... Export OHLC to Excel Post # 1; Quote; First Post: Oct 30, 2006 3:21pm Oct 30 , 2006 3:21pm kingskids Joined Sep 2006 Status: . . . because of HIM 26 Posts. Anyone know how to export open, high, low, close daily data to Excel for analysis? Using MT4 for charting and FxSol as Broker. Post # 2; Quote; Oct 30, 2006 3:30pm Oct 30, 2006 3:30pm diallist. Joined Sep 2004 Status: Member 1,464 ... Various traditional trading patterns can also appear on the OHLC charts. Becoming a successful forex trader can take many years of practice. It is not easy to make a living from forex trading in my opinion. It will require immense trading discipline, good money management, and a bullet proof trading plan. Furthermore, I would combine multiple technical analysis, fundamental analysis, price ... OHLC technique Have you ever wondered what really the greatest traders of Forex business (banks and the largest financial institutions in the world) are guided by? Which indicators do they look at, what platforms and strategies do they use, what influences their decision to enter and exit the market? Home Forex MT4 Indicators Bigger TF OHLC Indicator. Bigger TF OHLC Indicator. Introduction to ...
intraday trading strategies open high low strategy - YouTube
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