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.
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.
Attached Image (click to enlarge)
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