My most recent developments have lead me to create the Dadas_Trading_Indi(!).mq4.
I have written about it a page or two back, but I have been looking for clear indications.
Thus, during my brainstorms I got to my new equation as seen in the footer.
What the Dadas_Trading_Indi(!).mq4 does is search for the Big Guys Candle (Yellow Bomb).
I have come to the conclusion, that it is much wiser to first search where the Big Fish are, before attempting to catch some.
So, the Indi finds the bombastic candle, then plots the S/R Zone upon a 3 Candle Pattern.
Then, by clicking on the Zone I get my Pivot and the Target Levels.
So, my role now is to observe Price Action in the Zone and around the Pivot.
My SL levels are very clear, too.
I have been trying out various trend indicators, but in the end they are useless for me.
Now, I will be studying the VIX (Volatility Index), especially the VDAX-NEW.
Unfortunately there are no reliable MT4 VIX indicators.
Thus, I will be studying the online services.
I have written about it a page or two back, but I have been looking for clear indications.
Thus, during my brainstorms I got to my new equation as seen in the footer.
What the Dadas_Trading_Indi(!).mq4 does is search for the Big Guys Candle (Yellow Bomb).
I have come to the conclusion, that it is much wiser to first search where the Big Fish are, before attempting to catch some.
So, the Indi finds the bombastic candle, then plots the S/R Zone upon a 3 Candle Pattern.
Then, by clicking on the Zone I get my Pivot and the Target Levels.
So, my role now is to observe Price Action in the Zone and around the Pivot.
My SL levels are very clear, too.
I have been trying out various trend indicators, but in the end they are useless for me.
Now, I will be studying the VIX (Volatility Index), especially the VDAX-NEW.
Unfortunately there are no reliable MT4 VIX indicators.
Thus, I will be studying the online services.
Trade the facts, not opinions.