Advisor based on fundamental analysis - page 10
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The man has approached the issue correctly and is working in the right direction:
1. The market only moves when there is strong news.
2. 15% of the market is waiting to move, the rest of the time it is thinking and consolidating.
3. It is stupid and pointless to be in the market all the time, so you have to enter the market (once again) when the news is strong.
4. The currency market news calendar can be found on any forex trading website.
5. The aim is to earn, but not to write an automaton, which will scatter our hard-earned money like a monkey.
I think it's a very promising topic. It's strange that there are not so many people who would like to learn it. So far I've found only this 'Fundamental Trader DailyFX CSV MQL4' (Fundamental Trader DailyFX CSV MQL4) and this http://www.forexfactory.com/showthread.php?t=16364 (Plot news indicator)
I've got interested but it is not a simple project
2. 15% of the market is waiting to move, the rest of the time it is thinking and consolidating.
And how do you determine the exact moment when this movement starts?
>> how do you know exactly when that movement is going to start?
>> Visually. As soon as everything bounces, prices jump, elks bounce, it's already started.
Visually. As soon as everything starts jumping, prices jump, moose are shaking, it means it's already started.
But seriously ? is there any indicator or something to show for example upcoming flat, or on the contrary - the beginning of movement?
But seriously, is there any indicator or anything that will show for example an upcoming flat, or on the contrary, the beginning of a movement?
For a move, it's a news calendar. For flat - bourgeois calendar.
http://www.allcurrency.ru
just what you need
I have an idea to develop an Expert Advisor (or a separate indicator) which displays the general market sentiment according to fundamental analysis indicators. The essence of the idea is as follows:
1) Find a source of sufficiently formalized information on FA (all indices with actual and expected values).
2) Unload all the historical data from this source.
3) Analyse together the TA and FA data and obtain formalised interpretation rules separately for each currency pair (because different currencies are affected by different FA indicators).
4) These rules are coded in the form of an Expert Advisor or a separate indicator.
5) Expert Advisor or an indicator periodically (according to the schedule of news releases and FA indicators) refers to the values of FA indicators.
6) Produces signals reflecting the general mood and forecasts of the market.
7) These signals are checked by the classical TA.
Criticism, comments and suggestions are welcome.
Also I will be grateful, if someone will prompt resources, which give in a formalized form the data on FA (for example, http://www.forexfactory.com/).
Expert Advisor based on Fundamental Analysis
'Fundamental Trader DailyFX CSV MQL4'