Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Hi, I would like to ask you, if exist an indicator that have as input the number of pips that you want gain, and as output the percentage of success about target. I don't know which indicators could be used for this purpose.
I'd like that this indicator worked on 5min time frame.
If it don't exist, is it possible to create it?
Thanks
take that spreadsheet to be completely mathematically accurate (as far as i know it is). now assume the market is completely mathematically random (so no previous event effects the current probability). this would mean that the spreadsheet shows the true outcome probability.
until you know the market depth you can not gauge accurately any probability, by market depth i mean - a stock is at 1p the chance of it going bust is quite likely as its closer to the low of the market than the high (which we don't know) but in forex we don't know how far a currency will go down. so to say that it has fallen 5000pips does not mean is has anymore chance of coming back up than it has of continuing to fall.
however, the market DOES remember and trend and have a bias. so by just placing a MA and trading in the same direction as it, increases the odds of you winning. you have to bear in mind that the market will out run and then return back to the MA, at which point the bias is against you.
looking for an indicator that shows probability you will do just as well to look at any oscillator. the RSI will show the probability of a trade going up or down depending on whether is it over bough or sold, in a flat market as there is no bias - BUT look what happens in a trend, it goes overbought and STAYS overbought. so it keeps telling you to sell even though there is an upwards bias. you can not apply probability to the market itself, but merely the trade.
It seems to me that having an indicator that gives the risk/probability of the trade along with other indicators, MA, RSI, etc... could be of great use. One could use the standard indicators to get the trade signal and then use the calculator determine if there is a high probability that the trade will make the minimum expected pips.
It seems to me that having an indicator that gives the risk/probability of the trade along with other indicators, MA, RSI, etc... could be of great use. One could use the standard indicators to get the trade signal and then use the calculator determine if there is a high probability that the trade will make the minimum expected pips.
Linear Mode
