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The AltrTrend_Signal indicator
See the attached chart of EURUSD (TF 1H). You can see green and red dots representing buy and sell signals. The indicator that was used is here is the AltrTrend_Signal_v2_2. Don’t know where I found it, but after studying the results I think it’s brilliant! Suppose that there was an AE that follow these simple rules:
- at a buy signal close the previous (sell) trade of the same pair and open a long position
- at a sell signal close the previous trade (buy) and go short
No SL, no TP, just these signals! You can put it on any chart you want an any Timeframe. They all give the same results. Pips!
For the attached chart the results are as follows:
Sell 03.03.2006 00.00 1.2047
Buy 03.03.2006 04:00 1.2007
Sell 03.03.2006 08:00 1.2029
Buy 03.03.2006 11:00 1.2013
Sell 03.03.2006 15:00 1.2061
Buy 03.03.2006 19:00 1.2008
Sell 06.03.2006 03:00 1.2086
Buy 06.03.2006 14:00 1.2004
Sell 06.03.2006 15:00 1.2044
Total amount of pips +373
Could it be that simple?
I’m not a programmer, but I think this one is interesting enough to make an EA. Any comments?
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