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Or we may use just 3 indicators:
- Trendsignal with default settimgs;
- ATRStops_v1.1 indicator with Kv = 3.4;
- Indicator No.3 (which is the same with RSIFilter indicator posted above).
And the rules may be the following:
- go long for log signal of Trendsignal indicator (on the close bar) if ATRStops_v1.1 indicator (on the close bar) is in blue color and 1st bar is in blue color as well;
- opposite for short.
- any other cases (bars are not colored, and so on) - non trading.
And we may operate by stop loss only (trailing stop) adjusted according to ATRStops_v1.1 indicator.
H4 timeframe.
I have no idea how it will be live.
Jusr attached it to the chart.
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