I am trying to figure out how to identify new high and low ranges. This would be something similar to Renko charts and Darvas Box.
There would be a start point and when the market moves up or down in the set range (10pips in this drawing) the high and low would be logged and a box would be drawn on the chart.
I am thinking the new highs and lows could be stored to a string to be able to reference them.
How would something like this be accomplished?
I am looking for a FxDreema expert that would be open to doing some Skype lessons for me. Let me know if you would be into that. Feel free to email me kalalaniholmes@gmail.com.
Is there a way to add volume to a position in an exponential way when the price is falling against the last buy position? Basically, a dollar cost averaging strategy with an expanding purchase range.
Example:
Buy 1 with a set profit target.
If the market moves down, add to position:
-10 pips buy 1 more with a set profit target.
-15 pips from last added buy order buy one more with a set profit target.
-20 pips from the last added buy order buy another with a set profit target.
and so on...
Thank you!
Is there a way to add volume to a position in an exponential way when the price is falling against the buy position? Basically, a dollar cost averaging strategy with an expanding purchase range.
Example:
Buy 1.
The market moves down, add to position:
-10 pips buy 1 more.
-15 pips from last added buy order buy one more.
-20 pips from the last added buy order buy another.
and so on...
Thank you!