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Probability Model
Probability Model is an EA that uses a model that estimates the probability that the price will move in a given direction. The model identifies from the price history of a symbol variables that are used to determine the likely direction of price action.
In the event that the price action contradicts the predicted direction, the EA engage a hedge.
Only when the probability of the price of the symbol to go in a given direction is computed to satisfy the required condition will a position be opened. The EA performs best when the TakeProfit parameter is high relative to the StopLoss parameter.
Probability Model can be used on any chart.
Recommendations:
- High lot size.
- $10000 or more.
- High leverage.
- Account that allows hedging.
- High TakeProfit relative to StopLoss.
- 15 minute chart.
Parameters:
- MAGICNUMBER
- LotSize
- LotIncreaseFactor(Factor to increase the lotsize in a hedge position).
- MaxSlippage
- TakeProfit
- TrailingStop
- EnableWeekendTrading
- FridayStopTime
- MondayStartTime
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