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RETRACEMENTS EA proprosal
HELLO i'm trying to build an expert adsivor based on retracements this is my idea:
there is a strong move ,imomentum strong >100(for eurusd 1h),a then i wait
for retracements and i will use the donchian channel.
if the rentracement wave go close to lower donchian channel i will buy.
i will use a breakeven stop, i don't set up trailing or profit target.
the problem is to define the rentracement move, because i set that 10 or 7 candle after the strong move i will entry but this limit the performance and i would entry in all retracement move and not only in 10 or 7 candle after the imomentum strong move.
i think that donchian upper band - donchian lower band can help us to develop the ea but i don't how code this.
this is my base.we now can improve this .thanks
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