“Master Candle” is similiar concept as “Killing Zone” @FF.

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Sorry, my comment was refering to BalrogTrader and valentina   posts above – regarding “Killing Zone” @FF.

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Sorry, my comment was refering to BalrogTrader and valentina  comment posts above – regarding “Killing Zone” @FF.

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From the press:

“…

Following major scandals, mulit-billion dollar fines and embarrassing revelations about how the FX trading desks at the big multinational banks are manipulating the markets in their favor, regulators might finally be able to coordinate a global response mechanism. According to Reuters, Central banks say they can unify the…[Read more]

There is no EA that was posted or endorsed by the FF thread writer in that discussion.

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There is no EA that was posted or endorsed by the FF thread admin in that discussion.

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… and here is the LONG in M15…

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…and here comes the Long…

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Not abnormal – behaving as expected… Definite Short…

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Currency-Strength is a very good indicator, but not by itself only.

You need to combine signals from BOTH Currency-Strength AND some kind of Volume indicator.

Without Volume indication – the movement is erratic, ranging, or very short and misleading. Volume is the thing that drive price.

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Currency-Strength is a very good indicator, but not by itself only.

You need to combine signals from BOTH Currency-Strength AND some kind of Volume indicator.

Without Volume indication the movement is erratic, ranging, or very short and misleading. Volume is the thing that drive price.

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I shall code a different expert advisor based on master candle idea.

All the above, with reasoning and indies (a bit older ones) is in the (late…) “Killing Zone” thread @FF.

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“Give-Me” crowd…

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Yeah… Currency-Strength, when done properly, is better than Gold .

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“Give-Me” crowd…

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I wish it was, but the answer is NO.

Major cycle might have undefined number of minor cycles.

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Actualy, there are two cycles. a major trend cycle and minor cycle within it.

The problem is that they are dynamic – which means that the distance between cycle peaks is not constant.

You need an adaptive Algo to identify them.

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Ok, the EA skeleton is ready.

Still need to add Risk/Money-mngmt, position scaling, etc.

The attached chart is of last 2 days forward test.

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