The EA attached is optimized for H1 on EURUSD only. Other pairs, you'll have to find out the correct settings. Would recommend higher TF on higher volatility currency pair.

In general, the strategy doesn't need. But it comes with an indicator, I just trying to avoid as much wrong direction trading as possible. If there is a good anti trend indicator, chances of blow up will be drastically reduce. To find out whether I'm talking about nonsense or telling the truth, try to backtest the EA on same currency pair with different TF, you'll see a totally different result, with different amount of trade, and different profitability. In short, it is still indicator driven.

Regards

David

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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore

THE FOREX KNIGHT