It's just a simple 50 moving average...works well with macd...=)
Dislikedlooks like ritalasker is heiken ashi smooth...Ignored
Would you trade this system? New system #2. 10 replies
DislikedI tried some early morning scalping on the AUDUSD working within the box. Looking to trade the retracing from a high or low that opens a new box.
I use an ea "visual order editor" with settings of 3 pips TP and 10pips SL. Where needed, I move the TP line to close the trade, even if only for .5 pips. Failing trades taken out manually.
Just been playing this with .01 lots. Working quite well so far.Ignored
DislikedI've attached "visual order editor" ea. It goes in the "experts" folder of MT4. Once you have restarted MT4 it will be in the "Expert Advisors" directory of the navigator pane.
Drag it to a chart that you want to use it on, and a dialog box will appear to set it up. You need to select it to live trade if you want, but best to try it without live trade until you know how it works.
You need to set up TP and SL (its in 5 digit mode, so 10 pips = 100) It comes with a 2 pip stop and a 12 pip TP.
It has other features like Break Even settings,...Ignored