I don't know ...
As I understand it is something with Fractals shifted by 3 bars back:
Code:
FU=iFractals(NULL,0,MODE_UPPER,shift+3);
FL=iFractals(NULL,0,MODE_LOWER,shift+3);
And as I understand
- they are using those indicators on H6 timeframe for EURUSD only;
- minimum deposit = 1,800;
- channel using high (highest) and low (lowest) values;
- trading in the direction of inside the channel (no breakout);
- open the order when price is on the border of the channel;
- stop loss = 57 pips;
- take profit = next boder of the channel;
- breakeven is 50 pips (if the distance between the open order price and real price is +50 pips so stop loss is moving to initial open order price), then - stop loss is moving every 10 pips;
- in case loss (if the trade was closed in loss of -57 pips) so open the order in opposite side to take this 57 pips back in profit; in case of second loss of 57 pips - do not trade 2 or 3 cycles (waves).
Than discussion is going aroud the questions;
- i trade on H4 because I don;t know how to get H6. I am having good results on H4;
- where did you get this 57? Why 57?
- I am trading USDCAD H4 with good results;
- do you have EA for this system? where to download?
and many replies to the questions.
and so on all 13 pages like this (Alpari rus forum).
Seems they posted EA (not for H6) and someone forward tested it for 3 months but I did not find EA yet (I did not read all 13 pages sorry).