How can I detect times that my strategy will works? How to know when market has good movement, but it happen anytime of day!

Hiya,

My strategy works when specific trend happening in market, assume uptrend in X condition or downtrend in Y condition. This happen anytime in the day, from 00:00 to 23:59 the following day, 24H, how can I get notified and place a position when this condition happening?
Is there any way to put a email or sound or any type of alarm in the trend-line maybe by robot or automated-strategy to inform me about happening of a trend and take my attention to come to laptop and look at market condition and place a position, short/long, any idea?

Thnx
:kissing_closed_eyes:

I do not think some notification will tell yo when your strategy will work good. You can place order on particular move. When market will come to this position your trade will open or close. Your profit will tell you either your strategy is working or not.

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hiya,

thnx. but how can I place a position blindly without knowing what will happen in the market? I should see market condition a 5 minute before the position take place. Any idea?

thnx

Well, practice with your trading strategy with a long time, make 500 (minimum) trades and then calculate the success percentage of your trading strategy! If you are quite satisfied o it, then go for live.

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hiya, @LauChoKun

I mean how to detect trend movement in consistent time?

thnx

In this case, you need to learn support/resistant and trend line as well! Try to detect support and resistant points on daily chart.

Apart from automation you can practice your strategy repeatedly on a demo account until you learn when is the best time to use it. Take notes, analyze your trades and you’ll begin to notice the patterns.

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Hiya,

I need automation. There is no specific time that can happen. I tried and it has no accountable pattern. I think this is for most of strategies. Any idea?

Thnx

It can happen any time in day or night .When you come to market for trading you will get idea what type of trading can be successful so you can use strategy according to the situation. No one can tell you fix time or strategy for making profits because all f us are working on estimations.

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hiya,

If I can build a strategy that I feel it could works, is there any way by programming to make a alerting system that can alert me when situation happened, so I can come and look at situation myself and place a position. Do you have an idea how to implement this? or where shall I ask my question? if no one have information or don’t want to share their info with me here, do you have better idea where can I look?
Please accept my apology, but I have no time to waste and looking to make my job done well and perfect, so Please advise me what shall I do straight forward?

Thnx :kissing_heart:

hiya,

do you mean S&R lines should be drawn in 1D chart to be most effective? in this the best accurate scenario?

thnx

hiya,

also this is a possible solution, but when we dealing with uncertainty in this market, this is not enough to win. I think maybe robot programming, if I find a server and environment that accurately works and don’t costs much money for me, or money I giving is reasonable, I will give it a try?I don’t know where to look exactly. Maybe a programming community shall help me in this? do you have any idea where shall I look?
I get desperate as looking and looking pointlessly for getting reply to my posts. do you have any idea?

thnx

You are always welcome, yes S/R levels on daily chart is useful! You also can use weekly as well as monthly!

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hi @LauChoKun,

how can I draw s/r accurately? what shall I use to draw this lines, I mean what kind of analysis shall I do before I draw this lines?

thnx

To understand whether the trading system works, you have to test it on a demo and not for one day, if possible a few months and see what results it will give you.

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Hiya,

how can I draw s/r accurately?

Thnx

It will need practice to find good move and right time of trading. You are right it can be any time in 24 hours . market works all the time . We have to understand it need to do trading according to market where our strategy can give maximum out put not go on your wished.

Nice effort forexcrisp but its pretty clear the original poster is trying to gain ability to trade without the skills. Or information without the understanding if you like.
e.g. Its knowledge to discover a tomato is a fruit but it takes understanding to know you shouldn’t put it in a fruit salad.