Back to Algo'sOne of my Trading Buddy's from Hungary has sent me...

Back to Algo's

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%