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Originally Posted by holyguy7
That would be from the previous bar. That is why it works so well in the daily timeframes. I am also currently testing it out on weekly timeframe as well. I believe it might even be more accurate.
So if it is >10 from the previous bar (in the current bar). I hope you understand, it is accually very simple. Kind of a counter-trend system that attempts to find retracement after the previous day's gain or loss. I hope that makes sense.
I am not sure but I believe that is how it works. I did not write the original EA but only modified this.
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Hi Holyguy7,
Thanks for the EA. Are you testing the EA on D1 charts to get the results you attached on your first post?
Sada