Hi Scotty, I draw the fibo always from the neckline to the highest/lowest price level of the double top/bottom which is at point 2.

FREE Double Top/Bottom Indicator - Very Good Edge

Good morning! Here is something to think about during the quite Christmas days Is it worth to wait for a 50% pullback after an double top/bottom signal occurred? Advantage: The winners will be 2 times (+1) bigger than the winners when you enter ...

FREE Double Top/Bottom Indicator - Very Good Edge

You're most welcome Pamc! And Merry Christmas to all here on FF image

FREE Double Top/Bottom Indicator - Very Good Edge

Hi Robin, this indicator doesn't show target prices, only trailing stops. It can occur that the green and red line are drawn at the same time. But both lines are only trailing stops.

FREE Double Top/Bottom Indicator - Very Good Edge

I was asked why the market maker usually doesn't need to reverse the trend without a preceding climactic price move. Good question Paul And my answer is: because the market maker could most probably re-accumulate parts of the position, so ...

FREE Double Top/Bottom Indicator - Very Good Edge

The following screenshot shows a double top counter trend signal. And it shows why it's usually a bad idea to trade counter trend signals without a preceding climactic price move. Without a preceding climactic price move there is usually not much ...

FREE Double Top/Bottom Indicator - Very Good Edge

Hi Tim! Of course you can program your tool-set to trade the concepts of this thread. Whatever helps you is good. The only thing i don't want is blindly trading all signals fully automated. If you want to use trailing stops for your trade handling ...

FREE Double Top/Bottom Indicator - Very Good Edge

So basically it would be a trailing stop EA. I'm personally not a friend of trailing stops and I have too much other work to do. But maybe someone can help you creating such an EA.

FREE Double Top/Bottom Indicator - Very Good Edge

Yesterday's double top on EURUSD could have been traded as a 5R winner. Reason: The rising trend line was already broken in the moment of the double top signal. After a trend line is broken the price usually pulls back to the trend line again and ...

FREE Double Top/Bottom Indicator - Very Good Edge

A trend continuation double top this morning on GBPAUD M5 got a 4R winning signal: image Detected by the FREE Double Top/Bottom Indicator

FREE Double Top/Bottom Indicator - Very Good Edge

Hi Matty! Please download a fresh copy of the indicator and test the new copy. If the new copy also doesn't work then the problem must be something on your side. One reason could be: Do you have a firewall running, which could block outgoing ...

FREE Double Top/Bottom Indicator - Very Good Edge

I assume you mean the "Automated Stop-Hunting System". I have planned to release it in the second week of January. Cheers

FREE Double Top/Bottom Indicator - Very Good Edge

Good selected setup Scotty! The upward cycle was big enough. There was even a climactic move (the steeper trendline). Good signal: image

FREE Double Top/Bottom Indicator - Very Good Edge

I configure the fibo tool as following (configuring the levels): image

FREE Double Top/Bottom Indicator - Very Good Edge

Thank you Fastra for the question and there is a clear answer: It depends on your trading style and your personality Your personality will have a big impact on your trading style with which you feel comfortable. Can you handle a low ...

FREE Double Top/Bottom Indicator - Very Good Edge

Do you remember my live trade call on EURAUD on Monday where I made 2.5R profit? The following chart shows the timeframe H1 of EURAUD: image After this double bottom on H1 there were 2 double bottom signals on M15. One of them even produced a 6R ...

FREE Double Top/Bottom Indicator - Very Good Edge

Hi Matty, i emailed you yesterday and asked if you have allowed DLL-imports in MT4? Please check your spam folder. Thanks Damn unreliable email communication thanks to spamfilters...

FREE Double Top/Bottom Indicator - Very Good Edge

Yes, of course it can be traded on H1. I will publish a FREE service which sends Double Top/Bottom signals from M30, H1 and H4 to a telegram group. These 3 timeframes have a good balance between the amount of signals and the time which you have to ...

FREE Double Top/Bottom Indicator - Very Good Edge

it's not my indi

FREE Double Top/Bottom Indicator - Very Good Edge

There was no technical problem with the indicator. Only the price feed is differently. Therefore, the AUDNZD signal was not drawn. This can occur at any time because price feeds of different brokers can have big differences.

FREE Double Top/Bottom Indicator - Very Good Edge