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Originally Posted by gordon
Using the inside days on a daily chart looks good. Once there is an inside day indicated if we place a buy 5 pips above and a sell 5 pips below, one acts as the stop for the other. Looking back it seems to return pips. Less reliable the lower the time frame.
Any views? Sounds as if it could be turned into an EA. As always TP level is important.
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I think that you will need to use another indicator with this, There are 3 steps to this process, just dealing with the inside bar will be very dangerous.