Forecasting

I closed sell orders (in profit) and opened buy - according to forecasting of Vanga indicator:

This is updated situation for XAUUSD:

The problem is that this Vanga indicator is re-painting all the time. It is the same as trading on open bar sorry

I think - technical analysis is the main primary thing and forecasting is the secondary one.

Just an example - this is technical analysis:

This is forecastining by Vanga indicator:

This is technical analysis + Vanga forecasting:

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I think - simple forecasting will work together with technical analysis.

Yes, I agree that simple forecasting is not enough. There must be some technical analysis involved in decision making process. I like to look on the zoomed out chart and see if the prediction is in accordance with the present trend. Then I see with a naked eye if the prediction is more likely to fulfill or not. If I see counter trend prediction - I don`t trade. What do you think about this approach?

"Trade with a trend. Trend is your friend"

Forecast from Friday on AUDUSD for the whole day:



And that is a proof from the end of the day:



Nice downward predicted.

This is breakdown for GBPUSD H1 for right now:

Bear market rally is going to be started and Ichimoku cloud is very thin so it may be the other reversal to bullish:

Hi Chris1303
Am also into Binary options trading. Therefore your posts, views and experiences are of great interest to me. I just noticed this post about forecasting indicators and what that ability can do to my trading efforts. therefore will be delighted if you can share your latest experience regarding this or other indicators and experiences.
Thanks

Hi Jozo
What kind of options do you prefer? I`m interested in End Of Day options and currently searching for an appropriate strategy. It takes time because you cannot bactest forecasting indicators, but I believe it is worth the time. Optimisation of those indicators is another important factor in my opinion. Now I`m testing WmiFor developed by Murad Ismaylov. After a month I found out that it is better to use default 24 previous bars to make a prediction. I`m taking lots of screenshots every day to analyze prediction with real PA. It is almost the same situation like with FuturoFX - prediction must be a clear uptrend or downtrend, then it is more likely to fulfill because in reality ups can be higher and downs can be lower which in fact can convert predicted uptrend into real downtrend.

Due to my tests I can say that the best pairs to forecast with WmiFor are EURUSD (M30, H1, H4), AUDUSD (M30, H4), EURJPY (M30), AUDJPY (H4), USDCHF (H4). After two weeks I had 39/14 ITM (73,58%). But tests are too short to be happy. Strategy should be profitable at least for 3 months I think.

I`m also testing WmiFor oo my 4H Strategy. It is based on the belief that when pattern consisted of 5 4H candles in a row had happened in the past, that is a big probability that even 6th candle would be the same. I use 4H expiry in Options Builder to this strategy. So far only EURUSD seems to be the winner. I`m attaching a picture which will illustrate what I mean.