Topic: Request for a new indicator
Dr Forex has given a median trading methodology. Here We enter the market every time it dips by 100 points of so from the previous peak. The logic should include
1. The pip drop for first entering a lot
2. The additional pip drops for entering the market for additional lots.
Here the logic used is that EUR/USD usually oscillates by 400 pips in the median grid. So when it drops by more than 100 pips, it approaches the median line. We continue entering as it continues dropping. We could exit when the price again approaches the peak levels.
The reverse could be done for short entries.
I would like this indicator to be called Dr Forex Indicator.