This is an indicator for the Big Shadow (engulfing candle) that Walter Peters teaches in his course (fxjake.com) and book "Naked Forex". I have really been diving into this one and back testing it like crazy. The results have been great and I will be publishing them on the nakedforexnow.com forum soon since it probably isn't appropriate to do it here.
If you like it, please reach out to me @FredFerrell on the forum. I would love to discuss back testing results with other traders.
I did put them on my charts and don't see any change. Not sure if i missed anything .
RJCFX
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I’ve also added this to my chart but nothing appears to be different??
JRobertson922
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I too would love to hear how this is going?? I just found the Naked Forex book and have read through it in 2 days. Not to reread it a few more times =)
JonathanMcBrine
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What have been your results using this algorithm?
PriceActionTracker
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Or you can use Price Action Tracker Software and get alerted as soon as a Big Shadow pattern is formed ( on all markets and time frames).
No coding or MT4 needed
ReikosvenPahl
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Hi Fred
Thank you very much.
Can I use it also on the mt4 platform?
Best wishes
Reiko
FredFerrell
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Reiko, no you will not be able to copy and paste this code for MT4. I don't have this coded to MT4 yet either, but I am hoping I don't have to if TV gets some brokers on this platform.
N
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Hello :)
Are you planning on making more indicators which work with Walter Peters Strategies?