aaven wrote: Sun Apr 12, 2020 6:10 am
Implant,

It looks like a Donchian Channel Indicator could serve the purpose. It takes the highest high and lowest low of n periods.

I found one at fores station website itself. It's also MTF based

Link:

app.php/attach/file/3331162

Attaching the file as well:

donchian-channel-MTF.mq4

Thanks

ImpLaNT wrote: Sun Apr 12, 2020 7:48 pm


Yes you are right. In principle, this is one and the same. The only difference is that one indicator displays a box, and the other a certain channel. The version with the box seems to me more successful in terms of the visual perception of information on the charts. It seems I managed to make it indication correct on different TFs. I am waiting for the start of a new working week to check everything in real work.
Thank you for participation.

ImpLaNT wrote: Tue Apr 14, 2020 12:43 am The position closed with zero profit.

Take a break from work. I’ll review, rethink the approach to work. Perhaps I'll return to the old scheme of work. Most likely, the basic principles, rules, etc. will change. Perhaps I will open trial positions. Perhaps I will somehow comment.
Work on the previously described system is terminated.
I think I will be able to find a better approach to trading. If anyone is interested, you can look in the thread and stay up to date. Good trading to all.

ImpLaNT wrote: Fri Apr 17, 2020 1:44 pm SP500
Main bias - MIXED with a slight slope up
Position type - intraday scalping
TF - M1
Sell - 2878
SL - 2882
TP - 2832


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