Something Interesting - page 55

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Zigzag indicators

Sergey Golubev, 2024.04.08 15:27

Candle ZigZag - indicator for MetaTrader 5

Candle ZigZag is an indicator which changes its leg if a candlestick color changes

It supports Period of 1 while default ZigZag in Example folder does not work for period 1.

it helps trader to analyze chart in flat mode unlike line chart which has curve in price movement. Close mode can be enabled disabled.

[Sergey Golubev]

Reimagining Classic Strategies: Crude Oil 

Oil is the most important commodity on the face of the earth. Crude oil in its original form is useless; however, after it is refined, it is used across industries, from as simple as agriculture to as complex as pharmaceuticals. Oil is one of a handful of commodities that are truly demanded across all industries. The price of oil is a key econometric indicator of global production levels and economic growth levels.

Global crude trade is dominated by two benchmarks, West Texas Intermediate (WTI) which is the North American benchmark and Brent which is used to quote the majority of the world's crude.

In this discussion, we will revisit a classic crude oil spread trading strategy, with the hopes that we will be able to find an optimal machine learning strategy to make this classic strategy more palatable in a modern oil market that is dominated by algorithms.

[Vitaly Muzichenko]

Sergey Golubev #:

Rethinking classic strategies:Oil

Oil is the most important commodity on earth. In its original form, crude oil is useless, but once refined, it is used in all industries, from simple ones like agriculture to complex ones like pharmaceuticals. Oil is one of the few commodities that is truly in demand in all industries. The price of oil is a key econometric indicator of the level of global output and economic growth.

Two benchmarks dominate the global oil trade: West Texas Intermediate (WTI), which is the North American benchmark, and Brent, which is used to quote most of the world's oil.

In this paper, we will examine a classical strategy for trading spreads on crude oil in hopes of finding an optimal machine learning strategy that will make this classical strategy more acceptable in today's algorithm-dominated oil market.

The most important commodities on Earth: bread, milk and honey.

Without everything else, humanity will survive. And nature will be clean.

[Sergey Gridnev]

Vitaly Muzichenko #:

The most important commodities on Earth: bread, milk and honey.

Without everything else, mankind will survive. And nature will be clean.

Maybe, of course, it will survive, but the population will be reduced by several orders of magnitude.

And if vice versa - without bread, milk and honey, but with everything else - perhaps the number will not decrease.

[Vitaly Muzichenko]

Sergey Gridnev #:
Maybe it will survive, of course, but the numbers will be reduced by several orders of magnitude.

And if it is the other way round - without bread, milk and honey, but with everything else - perhaps the population will not decrease.

Most of the consumer category, which is the current generation, will dienot from hunger, but from lack of adaptation.

[Sergey Golubev]

How to Integrate Smart Money Concepts (BOS) Coupled with the RSI Indicator into an EA

In the fast-paced world of foreign exchange trading, having a reliable and efficient trading system is crucial for success. Trading in general has plenty of terms, concepts, and strategies. Often at times it can be over whelming, especially for new traders who are still trying to find their footing in the trading industry.  Smart Money Concept(SMC) is one of the trending concepts in forex trading, but it can be difficult at times for new traders or for anyone to use smart money concepts in their trading.

To solve this problem, there should be a robust tool for automating trading decision based on market structure and price action. The solution is to couple the Smart Money Concept (Break Of Structure) with the popular Relative Strength Index(RSI) indicator. This combination provides a strategic edge by leveraging both price action and momentum analysis, which enhances the accuracy of trade entries and exits, aiming to optimize trading performance.

[Vitaliy Kuznetsov]

Sergey Golubev #:

How to integrate Smart Money Concepts (BOS) in combination with RSI indicator into an Expert Advisor

In the fast-paced world of currency trading, having a reliable and effective trading system is critical to success. Trading in general has many terms, concepts and strategies. At times it can be too complicated, especially for new traders who are still trying to find their footing in the trading industry. The smart money concept (SMC) is one of the trending concepts in forex trading, but at times it can be difficult for new traders or anyone to utilise the smart money concept in their trading.

To solve this problem, a robust tool is needed to automate trading decisions based on market structure and price action. The solution is to combine the smart money concept (Break Of Structure) with the popular Relative Strength Index (RSI) indicator. This combination provides a strategic advantage by leveraging both price action and momentum analysis to improve the accuracy of trade entries and exits to optimise trading performance.

I would simply add the 50 and 200 muving to the chart, and base it on that.