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MetaTrader 4
3 little pigs indicator and strategy
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[QUOTE="hayseed, post: 204319, member: 5898"] //---- a pdf describing the rules along with some supporting info is freely available...... typically most indicators [I]for sale[/I] will be presented in a favorable light..... he did not say but perhaps he read that pdf...... multi timeframe moving average systems can appear good at first glance...... the chart below shows the latest usdjpy buy using those rules which was 1200 pips..... scrolling back to the prior sell it was at best, 500 pips..... the buy before it was clearly whipsawed..... moving averages lend themselves to multi time frame analysis quite well..... you can achieve similar results using a single time frame while varying the moving averages periods...... providing you have the proper amount of lower timeframe data......h //------ [IMG]https://charts.mql5.com/31/469/usdjpy-h4-oanda-division1-3.png[/IMG] //---- [IMG]https://charts.mql5.com/31/469/usdjpy-h4-oanda-division1-2.png[/IMG] [/QUOTE]
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