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Distance until retrace indicator. Distance until retrace indicator.
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Old 07-27-2007, 12:36 AM
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Distance until retrace indicator.
Friends,

I built this indicator when I was investigating a countertrend martingale...which in the end I was able to create an EA that could safely return $86.00 on $10,000,000 a year.

Anyway, I think this indicator has some utility but to be quite honest I don't know what, if any. Is someone out there doing anything interesting with retraces?
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