This EA is Based On BAT Strategy With some Modifications. It will Enter Position on Breaks of Lows and Highs, If the break was correct then we'll see our TP, If Not it will try to add Offset Depending on Orders input parameter, on every breaking of a low or high it will close all positions, so we don't need to set a stop loss, it will close all by changing the side.
This is probably one of the more elegant automated systems I've seen.
Team Aphid - signal company which existed around ten years ago initially came up with the system idea, if memory serves they had a ranging element to the EA which had fibonacci retracements between the blue and red lines.
Hopefully when I reach ten posts I will download the EA and update you all as to it's profitability.
The settings for ATR and Factor in the videos above seem quite tight, allowing a lot of noise to interfere with the results.
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