4XTechnicales
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Dear All
I am working on developing a pattern recognition system which I am planning to use trading Fixed Odds. The trading system Idea is to recognize the chart patterns and to give you statistical information on the pattern and its occurrence on a given Forex pair of currency.
The most important question the trading system will answer how long the market consumes in order to touch any of upper or lower barriers of any given pattern.
As show on below picture the system will keep a data base for this pattern and tills you the maximum time it took the pair to touch point A or B.
Employing this information in Fixed odds trading by taking a Break out trade and use points A and B as my barriers and the maximum time it took the pair to touch either points as my contract expiry date.
Should this be an applicable idea and if yes what may go long make this trade a loosing one?
Regards
I am working on developing a pattern recognition system which I am planning to use trading Fixed Odds. The trading system Idea is to recognize the chart patterns and to give you statistical information on the pattern and its occurrence on a given Forex pair of currency.
The most important question the trading system will answer how long the market consumes in order to touch any of upper or lower barriers of any given pattern.
As show on below picture the system will keep a data base for this pattern and tills you the maximum time it took the pair to touch point A or B.
Employing this information in Fixed odds trading by taking a Break out trade and use points A and B as my barriers and the maximum time it took the pair to touch either points as my contract expiry date.
Should this be an applicable idea and if yes what may go long make this trade a loosing one?
Regards
