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I received the answer from the russian author of the indicator (the EA is based on the indicator). I am not posting the answer here because it is in russian language. But anyway he is the member of our forum as well and may be he will clarify something.
He said that this EA is working well starting from H4 timeframe estimating the entring points and targets. But the reason why he is not suggesting to use this EA right now is the following:
- the profit factor of this EA for D1 depends on the data sources - broker (from the time zones let's say);
- for the D1 this EA is having the very big stop.
To use this EA independently it is necessary to take into account at least H1 timeframe. But EA is not working well on H1 because the indicator (he is author of indicator) is not working well on the timeframe less than H4.
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