yeah, also looked at that, the main problem i see (as with all methods) is determining the exits
on a 8pip block for instance, it requires 16 pips to reverse to paint a reversal block.
havent given up on a standard EA for this yet, but have now settled on trying to write a semi-auto one, ie. it will open the orders for you, but closing is user controlled.
However been a bit busy with manual trading (especially with the markets being dificult these last few weeks)
Hi Forex1962 yeah, also looked at that, the main problem i see (as with all methods) is determining the exits on a 8pip block for instance, it requires 16 pips to reverse to paint a reversal block. havent given up on a standard EA for this yet, but have now settled on trying to write a semi-auto one, ie. it will open the orders for you, but closing is user controlled. However been a bit busy with manual trading (especially with the markets being dificult these last few weeks) Regards John
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This was such a good thread and has so much potential!!! Making a killing right now off fibs on manual...
