Originally Posted by MrPip

wookey,

Thanks for the explanation.

Looks interesting. The idea for trading sounds similar to the Hoover method. The difference is determining which channel to use.

I have been meaning to write an EA for that method but have been too busy.

The idea is to use an MA cross within the channel. If the cross is in the center area of the channel no trade. If in the second level a trade is placed with first target either the center or opposite 2nd level. If outside the 2nd level a trade is placed with the same target ideas.

If this is added I will also include partial close at the targets and let the rest of the trade run to an opposite signal.

The EA at this time is very basic. I hope to be able to modify it to be profitable on lower timeframes. I have been looking at a few filter ideas like damiani_volatmeter and waddah_attar_explosion.

Any other ideas are welcome.

Robert