Hi, this par of profitunity that I found on some website. There were at least 20 indicators making up the system lol. I stripped it down to this indicator only.
Time frame: 1hr, 4hr, daily
Currencies: At the moment I haven't tested on anything so any currency is good for testing.
Buy rule: Wait for price to close below lower line, than wait for price to close above the lower line. Enter at next bar open.
SL= below the lowest low when lower line was broken. Use common sense. If the sl is too big use 2x Atr max or something.
TP= this is optional but I would use 5 pips below the upper line.
Sell rule: Everything reverse from buy rules.
The chart I posted is 1hr and take profits seem too small but Im too lazy to go through 4hr so do it on your own and post here.
thank you. i will test it
FractalsLine v 1.1.mq4
On your chart in post 1 does the line where you TP not show until after later candles
Can you add an arrow to the bell command for this indicator?
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