|
hi,
I tested it manually for a couple of trades and it works fine, only thing is this method needs to be tested more vigirously with maybe one more condition to eliminate whipsaws.
The Macd establishes a good trend direction.
The adx signals the strength of the established trend but i found that the Pairs with Euro as base and GBP as base is not that good because of too much whipsaws, maybe another indicator which can eliminate such whipsaws can be used but that can be added later once we have a basic EA to work on.
Hi, Nicholishen , I think , the next bar after the condition are met would be safer.
thxs
Last edited by iliaazshareef; 03-09-2006 at 02:54 AM.
|