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One of my Trading Buddy's from Hungary has sent me one of his EA's he has developed last year for my opinion. He is still looking for a few improvements so we have been both been testing it over the last couple of nights. Of course I can't help him on the code directly but I hope I can help him fix a few other small issues.
I just thought I would talk about his ideas and basic strategy for his EA - Without giving away his IP which I never would.
Anyway its something I would never come up with in a million years and I will leave out a couple of its important features.
Its based on a Bollinger Band setting but he converts all this information into a ratio.
He then converts the ratio into zones and gets the EA to open a trade in the direction of a trend in relation to the zone its passing through.
Yes I'm lost too.
He then uses the ADR as take profits or Stop Losses.
Who comes up with this stuff? - It hits a win rate of 85% but suffers a medium size drawn down occasionally.
Draw Down here was about 8%
