michal-kapala / metatrader-bot

Forex Trading Bots study & sandbox using MQL4 & JS

Plan

1. Create a backlog of testing data. 10 years of PSAR settings at .0009 * .2 for 1 hr.

   • 30m & 1hr chart
     • GBPNZD
     • EURNZD
     • GBPJPy
     • 10 years of PSAR settings at .009 * .2 for 1 min
       • 30 min & 1 hr chart

2. The idea is to calculate current market vector acceleration (VA). Not just speed.

   • Current VA should be taken from taking the limit of change between 1 hr all the way down to 1 min.
   • The speed will then be cross referenced back to the database of price tests we've conducted.
   • We'll find the most optimal settings for our indicators based on those 10 years of data.
   • Then adjust the settings accordingly.

3. The Stoploss

   • Take a profit amount for each trade. Something small. Think semi-high frequency.
   • Evaluate best stop loss on historical price action speeds.

Example

If PSAR is .009 at .2 and the market speed is +15 pips/1m then the highest probability of success is having a 10 pip stop loss & profit target should be 13 pips.