Developing a system #8 (Three line break fofo strategy)

Nov 20,  · Hi, this 3 line break indicator works! I am really excited about it. Will start to use it. One tip to use on metatrader 4. Set your color scheme for bar up/down bull/bear candle to all white on a white background.

I have developed a series of Excel backtest models, and you can learn more about them on this site.

Introduction

The results show that 3 line break charts perform nicely. The strategy is profitable even in this very simple form. Using the EMA increases the percentage of winning trades and improves the profitability.

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