Dislikedpersonaly, I think these, high probability, but rare set ups are the best. You are forced to practice patience, you will not overtrade but only take A+ trades and you will trade with a high confidence level. 1 winning trade per month beats 100 trades that give a negative result. They are easy to spot as its just a matter of checking the other indicators every time you notice the s.a.r change. I would have thought it possible to change the w/l ratio upto 1.5/1 or even 2/1 given the strength of the moves it seems to signal.
Very good work forexmomentsIgnored
Patience is a wonderful thing to have (especially for people like me who tend to want to "overtrade"). Personally I have found that I usually make more money on the months where I take fewer trades.
I also think that the RR ratio may be inched up, but without testing this I am a bit reticent to change the profit setting on these trades.
Has anyone figured out how to modify the EA so that we can backtest this system? It looks like we just need the exits portion of this as Ronald Raygun has done the entries.......