More and more Algo Trading systems are entering the market. These algorithmic trading systems have been programmed to predict price action in future using powerful mathematical formulas based on statistical theory. These algo trading systems are changing the very behavior of the market. Watch the video below that explains how statistics is the missing link between technical analysis and algo trading!
If you are a retail trader, you are at a disadvantage. You don’t have the resources that the hedge funds and the big banks have. But don’t lose heart easily. Do you know how to connect excel with your MT4 platform? Do you know excel can do a lot of statistical analysis for you in real time if you can connect it with your MT4 so that it gets each tick data as soon as it arrives. R is a powerful statistical analysis software that is freely available online. You can also connect R with MT4 and use the power of R to predict the price in futures. So there are many options that you can use and make your trading more powerful.
https://www.youtube.com/watch?v=cqGcSL2lshc