Price has to move a minimum X amount of pips with retraces no larger than Y amount of pips.
If these conditions are met then a trade is to be opened in that direction IF a pullback of between M and N pips is made and then at the price of where the pullback +1 pip an entry would be made.
x, y, m, n, SL and Tp(all in pips) should be customizable on the custom indicators inputs tab.
This is a very rough Idea that Id like to have a play with.
Would this be a relatively simple thing to code?
Has anyone got something similar already programmed?
Help apreciated,
Leon
If these conditions are met then a trade is to be opened in that direction IF a pullback of between M and N pips is made and then at the price of where the pullback +1 pip an entry would be made.
x, y, m, n, SL and Tp(all in pips) should be customizable on the custom indicators inputs tab.
This is a very rough Idea that Id like to have a play with.
Would this be a relatively simple thing to code?
Has anyone got something similar already programmed?
Help apreciated,
Leon
Living the adventure in my head.