DislikedA really quick visual backtest, buy on first blue bar, exit and sell on first red bar and so on (always-in strategy) looks really good........Ignored
If you confirm each first-bar closed candle with your favorite indi be it Stochs , RSI, or whatever, I think this is a winner on 5 or 15 minute charts. I do not understand why at the moment, but it repaints on longer timeframes, even with the two higher timeframe options set to false -- VQ only on the chart timeframe.
A nice thing about short timeframes is that you can sit down anytime of the EUR session and have a trade open in a short time when trading 6 or so low-spread pairs, picking of 20 or more pips on each trade. High winning percentage. On the higher timeframes, you might make more pips, but you sit around all day waiting for an entry.
Good luck with the indi. If you have suggestions, will consider them. Will follow the thread and see how the EA works out.