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Just want to remind about this very old trading system.
See the images.
using this system we may trade:
- inside the channel (if the width of the channel is more than 25 pips),
or
- on breakout of the channel.
Red/blue lines on the chart are sell stop/buy stop orders.
I'm affraid that after improvement this indicator will have the bug.
Because there are 3 kind of indicators:
- normal one which is refreshing on the new bar and does not paint anything on the history;
- indicator which is working on the new (closed and opened) bar only and any other value of this indicator (on the history) is not valid;
- indicator which is working on the historical data only. Good for D1 timeframe for example. Or good to analyze something.
Add the Indicator ( Snap Shotl ) to your template and it will refresh all other indicators in your template automatically....
It sounds nice, but from my experience trading breakouts would get you to many false breakouts. How do you filter the fakeouts from the true breakouts?
How far have you tested it?
Linear Mode
