Hi, is this thread still alive? Made any EA or indicator from probability trading? We need this along with market condition detection. Does it need to use NN, you tell me?
I used some experimental indicator last month and made 609 pips from 14 trades in one day. With 1 losing trade, I could have made more pips if I had actually been at the charts all day but I was out and sleeping. And I made mistakes as well. That was why I had a losing trade - I set SL wrong. Only used SL on two trades though because I was so certain of market direction.
The indicator is discussed here:
Just for fun and experimental.
It is not really probability but a fun predictability indicator.
Индикаторы и советники для МТ4 - Страница 188 - Добро пожаловать на Forex / Форекс форум. Компания Альпари - forex dealing club / форекс дилинг клуб.
Share your results with us if you try it. It could have been just chance I made 609 pips and doubled account balance in one day, I think so. I used nothing else other than that indicator and went the way of market mostly.
Let us know if you have a probability indicator that is useful to share. Someone mentioned RSI, I believe it has something to do with the one I tried from what I read. Indicators only confirm history and what has happened, right or what we already know, at best they show price - why we need that when we already know price I don't know.