A visual backtest showed that a lot of pairs will temporarily hit anywhere between 200 to 250, and reverse. These are the sudden spikes, rather than a slow gradual climb from the MA. These trades are rare. Maybe only one a week or every other week. I have an alert set up to notify me when that happens.
If someone wanted to be ultra conservative, there's no reason they couldn't set this EA to only trade at 200 or 225 away. At that level, it's almost guaranteed a reversal of at least 60 pips at some point before it goes up another 500.
If someone wanted to be ultra conservative, there's no reason they couldn't set this EA to only trade at 200 or 225 away. At that level, it's almost guaranteed a reversal of at least 60 pips at some point before it goes up another 500.
DislikedThis could be significantly enlightening to me. Actullly, if we read the trades, we found that mostly, 1st level is good for a winning trade. With enough distance pips, this method could be simplified into a 1-step retrace trading system.
ok, no more diverting...... hoho.Ignored