Disliked{quote} I think I could understand @Worsman good idea of 2 indicator, if we could have the EA to test which TF, which market it suits that would be great. Worsman idea is very sound, I ran on simulator I could see it makes sense.(we still need the EA to test forwards on live data) I would like to propose one different aspect in the EA, in what way not many traders/coders apply to strategy): Run the EA on HTF (MN,W1,D1,H4), when get the entry signal, DO NOT open order on...Ignored
Nobody has thought of this idea before???
Don't make me laugh!!!
It's as old as trading charts!!!
PS. This technique is called TTE (Trader's Trick Entry).
And what you are describing is also very basic - for example:
1. Wait for an Engulfing H1 Bar at some important SR Level,
2. Plot Fibonacci Expansions on the HL of the Engulfing Candle,
3. Go to lower Tf, even M1, and wit for Price Action at your favorite Fibo Level (50% or 61.8%),
4. Trade!
IOW, You have NOT invented anything new!
And if I code that into an EA, it will NOT be new, either.
I have already provided tools for this idea, on this thread, too!
Now, does this mean that You are going to Profit more than You Lose?
If you're looking for the Holy Grail indicator - STOP!