A Strange EURUSD gaps indicator. This indicator is a function taken out of an EA that I never got to finish, due to extreme complexity and too many bugs to fix...
While indicators look nice, making EAs out of them is much harder, and not compatible with users different risk profiles. Some EAs work well when stops are set to 240 pips, together with risk detecting functions such as this one which would get you out of a bad trade fast. But just mentioning a 240 pip stop setting, would repel all propsective clients. Nobody accepts it, and nobody cares about exit functions.
Anyway... these weird gaps are divergences between the equivalent imaginary market based on 4 different pairs, and EURUSD. and it's hard to know when
the gaps will be filled, but when they are, we can predict very accurately where market price will stop. And this could be traded on spot forex, or with Binary options.
I am selling The indicator, as for the failed EA, I am looking into it, but I don't know what traders want, would you buy an EA that works well, but requires a
240 pip stop, that is never triggered?
https://www.mql5.com/en/market/product/37029#
While indicators look nice, making EAs out of them is much harder, and not compatible with users different risk profiles. Some EAs work well when stops are set to 240 pips, together with risk detecting functions such as this one which would get you out of a bad trade fast. But just mentioning a 240 pip stop setting, would repel all propsective clients. Nobody accepts it, and nobody cares about exit functions.
Anyway... these weird gaps are divergences between the equivalent imaginary market based on 4 different pairs, and EURUSD. and it's hard to know when
the gaps will be filled, but when they are, we can predict very accurately where market price will stop. And this could be traded on spot forex, or with Binary options.
I am selling The indicator, as for the failed EA, I am looking into it, but I don't know what traders want, would you buy an EA that works well, but requires a
240 pip stop, that is never triggered?
https://www.mql5.com/en/market/product/37029#