If you had any questions, did you try asking your questions? Maybe you should post in another section of the forum, like Journal section.

Range Breakout

This is the earliest example, starting from when the indicator started logging the pairs for historical back testing. The daily candle on the right with the vertical dotted line, is the one that the indicator identified on, usually around 04:00. ...

Candle Twins

I'll send the historical examples, and then the one from today.

Candle Twins

Seems interest in this method died already. Until next time... next topic...

Range Breakout

As another example, the USDCAD from March 27 hit the 200% target but it didn't continue. It looks like it's losing steam. This tells us that if we have a current or upcoming setup that involves either the USD or CAD, we'll go back and check if ...

Range Breakout

This can also be seen in the EURAUD from yesterday.

Range Breakout

So when a previous setup has a candle close on the other side of the range, we'll know the strength or weakness of either AUD or NZD, based on which one shows up in a current setup.

Range Breakout

There is more than one way to use the indicator, so for example, apparently that AUDNDD setup from March 25 running out of steam was giving us a clue about the upcoming strength of AUD. This is really, a "leading indicator."

Range Breakout

The AUDUSD and AUDCAD were activated in the up direction.

Range Breakout

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Range Breakout

One thing to note so far about the EURAUD is that when the price does hit the other side where the SL is, it doesn't continue as if the trade was dead wrong. The price does go back in the direction of the side it touched first. This was the case ...

Range Breakout

Entering on touch of high or low got stopped out so a safer approach is wait for close outside of the range.

Range Breakout

No worries, ask as many questions as you want. Actually the currency strength indicator is not an EA, it's an indicator. It's a different type of currency strength indicator, unlike any strength indicator or strength meter I've seen online, or in ...

Range Breakout

Honestly, there are so many things it does, even if I tried my best to explain it in writing, it would still be impossible to understand. One could get a faint idea, but it wouldn't be meaningful or useful. It's complex. Also, interpreting it, would ...

Range Breakout

Price touched the low so here's an example of where the SL would be, and suggested TP. How you enter depends on your trading style. I personally like to place many trades to average in, but someone else might prefer to have one pending order at the ...

Range Breakout

Sure, I'll post the setups for tomorrow after the daily candle close.

Range Breakout

Thanks for the feedback. Yeah it is nice to eliminate the guessing game about which direction the market will favor since it's simply a matter of whether the price touches either the high or the low. The indicator has been logging all pairs for ...

Range Breakout

Yes, the strategy is, when the indicator identifies the pair or often, several pairs, it will be a closed daily candle so we look next day for price to touch either the high or low. If price touches the high, we look for buy entries with stop loss ...

Range Breakout

Thanks for the feedback. This setup is definitely not the only thing my indicator identifies but this setup is one that is probably most compatible with different styles of trading since it has a place for SL, TP, any entry method whether it's ...

Range Breakout