The Santa Claus syndrome, which those who as adults still believe in it ..

i ma tested a proven REVERSAL strategy by using BB + zigzag. i added S/R line & S/D to confrim reversal

BB 20,2
stoc 14,3,3 close/close
ZIGZAG- default
S.D & S.R - tpl

Been playing with this today - seems to work well on 4 bars - but use it with a pivot indicator to avoid waterfalls.

enter when an arrow appears, you can take the trade both for the same candle and for the next one...

BEST bnary tradng position. for 5min expiry 1m chart

for buy
1) all MA lines are spead and lines has gap between all
2) price bar hits and reversal from S/D zone towards ma line
3) stoch hits OS zone Bottom and blue line corss bottom level up
NOTE:- Maximum 1or 2 trade in single trend raw to take..

Hi Sal,

as you use the ZigZag....maybe you want to have a look at this.......It's the ZigZag Channel with one side colour set to Zero and also the ZigZag Color set to Zero. Maybe it helps you to place BO trades in the direction of PA.


EURUSD 1m

RplusT wrote: Tue Jun 08, 2021 4:01 pm Hi Sal,

as you use the ZigZag....maybe you want to have a look at this.......It's the ZigZag Channel with one side colour set to Zero and also the ZigZag Color set to Zero. Maybe it helps you to place BO trades in the direction of PA.


EURUSD 1m

USD_ZigZag Channel.JPG

Can you please share indi!!

sal wrote: Tue Jun 08, 2021 5:17 pm Can you please share indi!!

Oh, sure!

RplusT wrote: Tue Jun 08, 2021 5:34 pm Oh, sure!


ZigZagWithChannels.mq4

hai
Is this positon you mean by using ZIGZAG!

sal wrote: Tue Jun 08, 2021 9:14 pm hai
Is this positon you mean by using ZIGZAG!

Basically yes. It's automatic anyway. I did not change any settings. Except I deleted the gray line too. It presents a psychological barrier for the moves to the up or downside and I see no necessity for it. Well, see for yourself and whether it helps you for your BO trades.