After reading all this, I was finally able to write a simple EA that aims to trade only in trending markets. Enters when the trend is up (regardless of the News just broadcast) or down, stays out when the market moves sideways. I have partial success with Strategy tester yet I still cannot 100% false signals. I’m working on it.
There are strange resemblances with what I thought as a newbie trader with what you experienced ones stated:
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3. Sideways/Ranging module, that do the ‘trades’ according to our sideways trading rules.
4.Uptrend module, that do the ‘trades’ according to specific characteristic of uptrend (less risk)
5.Downtrend module, that do the ‘trades’ according to specific characteristic of downtrend (more risk)
“
Nothing has ever motivated me more than this...
