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Eas Based on Indicators and what we Know about them
chuvee Posted 8 June in #Forex #Strategy #Indicators #Expert Advisors28/76
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In my previous article several types of trading strategies were described that traders are able to code to make them fully automated. These types have evolved out of the most steady trading methods that showed relatively consistent positive results. In the period of time they brought in constant return but occasionally caused losses so that they could be named relatively profitable.
The first type of strategies has indicators as the main basis of their work. Indicators allow traders to determine the forthcoming movement of currency rate. Every indicator has some inherent logic – an algorithm reflected in its mathematical calculation. Usually this algorithm is a relation of several activities that could be derived from the price itself. The use of indicators simplifies the making of trading decisions, as frequent calculations for an algo-trader are inconvenient. But with the help of indicators he is able to find the most favorable time to enter and exit the market. There are various indicators and algo-trader even could invent his own one. As every indicator is calculated differently, their combination with optimized parameters in EA might be profitable.
Finding the working bunch …
The first type of strategies has indicators as the main basis of their work. Indicators allow traders to determine the forthcoming movement of currency rate. Every indicator has some inherent logic – an algorithm reflected in its mathematical calculation. Usually this algorithm is a relation of several activities that could be derived from the price itself. The use of indicators simplifies the making of trading decisions, as frequent calculations for an algo-trader are inconvenient. But with the help of indicators he is able to find the most favorable time to enter and exit the market. There are various indicators and algo-trader even could invent his own one. As every indicator is calculated differently, their combination with optimized parameters in EA might be profitable.
Finding the working bunch …
