Hi everyone,
Awhile back I came across an EA and for the life of me I cant remember the name nor a similar EA that most of the group knew.
You take a position (e.g. Long) and if it goes down 40 pips, you pick up a short. If it keeps heading south, great. If not and returns 40 pips up, you pick up a long and continue until it breaks out of that 40 pip channel.
I think a user by the name of Fukinagashi made a post in reference to it.
If anyone knows of it or one similar, please let me know. I want to do some testing.
Thanks for your help,
Fastblackcaddy