Sudden Denominator

With auto trading, you better know if a routine is timeframe sensitive, and if yes, which one should it be pegged on?

The yellow highlights show timeframe-sensitive data references. These would come back with different values on every timeframe.

It is possible to make a routine timeframe independent in MQL4 by using for instance iLow(symbol, timeframe, location) instead of Low[i].

The point here is that I made a mistake by writing the routine for 30 minutes and then putting it on 1 -hour.

The second long’s 7-candle delay (3.5 hours) became 7 hours, therefore the Municipal Trader opened a long almost at the very end of the move. Amateur hour. Es okay, closed it out in profits and had a reasonably good Friday, since Fridays tend to be about pegging.

I think the yellow aero plane may get a tag in the low 1.075x.

The municipal trader would have opened 2 days ago at 1.0749, and then would have stopped out at the trail at 1.0770 a day later.

I’ll be scaling back into longs, there is nothing bearish here still. Price may not get to the 0.28 safety line.

I think a 2.8x stretch would be a minimum on the upside before a top.

S1 is at 1.0752

As it seems, the high would be between 1.0830 and 1.0860.

Important daily levels are 1.08618 and 1.0866. Also, no top gets made with the Bollinger squeeze-on (blue balls).