Go long if price is over upper fractal band on M15 and H4.
Go short if price is under lower fractal band on M15 and H4.
EU M15. 2008-2009.
Total net profit : 139.44%
RDD : 28.65%
There were 2 warning message when compile
Function "CloseBuyOrders" is not referenced and will be removed from exp-file
Function "CloseSellOrders" is not referenced and will be removed from exp-file
what is this warning message?
Hi taka7879 and welcome,
Originally Posted by taka7879
Here is another version to avoid these messages.
This EA is simple but i must say a very consistant one, if you optimize it well over the long term, it could be a very good money maker
Interesting Soquell, but what to do when the market is trending strongly? Channel type indicators suffer from this when the market is not within some kind of range. Please correct me if I am wrong here.
Buy on lower band and sell on upper band with profit target of the inner center band so when the market trends strongly there will inevitably be runaway losing trades. Does it not make sense to have some stop loss somewhere even if it is a wide one? I don't think the rules you posted would work in practice. Will do some backtests on this EA to see how it performs. Thanks for sharing the ideas.
Last edited by FXGEN; 05-20-2009 at 00:42.