mt4 ea development- divergence and 123

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mt4 ea development- divergence and 123

Postby olakunledean » Sat Jun 02, 2018 5:54 pm

hi,admin,
am interested in developing an ea that looks for divergence and 123 reversal patterns for trading.
i would be willing to discuss the strategy in detail .
Thanks
olakunle
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Re: mt4 ea development- divergence and 123

Postby Apprentice » Sun Jun 03, 2018 7:49 am

can you provide a detailed description?
especially about 123 patterns
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Apprentice
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Re: mt4 ea development- divergence and 123

Postby olakunledean » Sun Jun 03, 2018 4:24 pm

Dear aDMIN,
thanks for ur reply.
divergence and 123 reversal occur usually at the end of the trend.
divergence is the disagrrement between price and indicator.
that price is making a LH HH, WHILE INDICATOR IS MAKING HH LH. IT signifies the reduciing momentum or money flow in that ending trend.
123 reversal pattern is the confirmation that indeed we are just at a divergence top or bottom with the formation of a lower high after that divergent top.
find below this pix for detailed description.
Attachments
123 REVERSAL.jpg
sell setup.
123buy.png
buy setup
divergence sell setup.jpg
sell setup
cadjppy 1hr tf same buy setup.jpg
olakunledean
 
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Re: mt4 ea development- divergence and 123

Postby olakunledean » Sun Jun 03, 2018 4:39 pm

this is the first intergral part to the trading system .
once this is figured out. the other aspects can be implemented.
olakunledean
 
Posts: 3
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