Demark uses Fractals to draw its trendlines and there are more than 1 way to draw a successul Support level with a trendline. But Yes I agree about what you have mentioned.
However, with the Demark EA I have backtested it and the results are a positive equity curve. However, like any EA you can not run it 24/7 on every month! if you get the drift!
This is not an indicator, this is a tool to drastically improving trading efficiency. but is entirely dependent on the users technical analysis ability.
Sorry Traders, but I am not handing this Tool out. You can easily have someone code this while implementing all my ideas. I do not take credit for this Tool. It was TRENDMELEAVEME who had this brilliant idea, I only improved it!. All the ideas are in the Forum. And yes, its a great tool and Yes it makes me money and Yes I Love TMLE.
We need a donation button for the Original creator. Step forward and collect your prize money!.
[ATTACH]6144[/ATTACH] Asian Session
US session in 5 hours
Here we go. Off to Bed
at first i hope we have a goog communiction here in this forum. Thank you for your ea, i will test it an post the resultat later here.
I had plans to catch the selloff of GU and EU with the TMLE, but I never did. Now I am kicking myself because that was a Nice Trendline break on both EU and GU. Wait for consolidation and look for the next setup before Lond Open!
Cleaning off the desktop. Lets see what else I have[ATTACH]6294[/ATTACH]
Timeframe: M5 Short