1st Post
Hey guys,
I'm all for this idea..... my thought on the best EA is one based solely on price action..... I really like trading Swing Bars as they are found on every TF and they are a very effective indicator of impending reversal.... Also, I believe this sort of thing would be relatively easy to code, but I'm not programmer so I can't be sure...
Bar A has LH and LL than Bar B
Bar C also has LH and LL than Bar B
Take position LONG/SHORT at Open of Bar D in the OPPOSITE direction of High of Bar B.....
Also, if you wanted to add a filter, say a Trend indicator that you could select a Higher TF for confirmation that you're trading in the trend direction, that would be fine as well.
Just thinking out loud here..... My .02.
But I like the idea of this developmental forum very much!
John