Hi Mr Funyou,
thanks for your great work.I want to burden you again.There is a strategy I used to test anual that had great potential but I gave it up bcos i couln't stay by the computer always.However with automated trading it would be a good idea to make into an EA.
I would like to call it the double edged sword (lol)
Basicaly the strategy goes like this:
zig zag indicator.
if the zig zag indicator is suggesting a reversal we wait to after the close of 2 candles(ie two candles after the candle with the zig zag point) we wait for two candles bcos experience shows that 70 % of the time if the zig zag point does not move after the close of two candles, the reversal goes thru!
Depending on the direction of the reversal, we place a buy/sell order Xpips from the high/low of the last candle and a stoploss X pip from the high/low of the
first candle(ie the candle with the zig zag point)
take profit could be any value(discretional).
the nuber of candles b4 buy/sell order can be placed can also be changed(that is put in a variable in external variable) so that optimisation can bre carried out to get the best settting.
after profit is taen, we wait for the next sign of reversal as indicated by the zig zag indicator.
I would be very happy if this can be coded as it really showed great potential when i manually demo tradd it some tie back and it can work on any pair with any time frame.
looking forward to hearing from you.
Thanks in adavance sir