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Reversal EA
Hello there,
I would be most greatful if someone could help design an EA based on a system I have been studying for a while now, and been having a good amount of success trading this strategy. It follows a Reversal Indicator. I have attached a photo so you can see how it works. Buy with the blue arrowat the open of the next bar, and sell at the red arrow at the open of the next bar.
Basically at the moment the indicator works by alerting you when there are two consecutive up or down closes, where the close of the second bar is greater than the close of the first bar. It really indicates that the market is slowing down the trend that it is in, and a reversal is iminent. A s/l is placed 35 pips above/below the high/low of the reversal bar.
It doesnt work every time, but when it works it really works.
Cheers,
Kdjon
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Linear Mode
