Experts: PZ Reversal Trend Following EA

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PZ Reversal Trend Following EA:

You can either be long or short at any given time. You buy and close a short position if the market makes a new 100-day high, and sell and close a long position if the market makes a new 100-day low.

Author: Point Zero

 

The description states above/below the previous 100 days. Does this imply the EA must be attached to a Daily chart?

Or, can the EA be placed on a 1 hour chart, where the 100 refers to the previous 100 candles?

Thank you.

 

how the rule to drive this EA ?


thank you

 
I notice the EA doesn't set SL and TP. The reason might be that it will close down when it notices a trend reversal and places a reverse order? Is this correct?
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