Market Condition Evaluation based on standard indicators in Metatrader 5 - page 239
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Building A Candlestick Trend Constraint Model (Part 9): Multiple Strategies Expert Advisor (I)
From the beginning of this article series, our emphasis has been on aligning our experts with the prevailing sentiment of the daily (D1) candles. The shape of the daily candle has served as the primary guiding feature. However, we needed to scale down to lower timeframes to identify entry levels within the D1 market. For example, at the M1 timeframe, we wanted the market to reach extreme levels on the Relative Strength Index (RSI) to signal potential trades for the Expert Advisor. At this early stage, we did not introduce too many strategies to keep the content easy to understand for beginners.
However, there is a vast collection of strategies to study and integrate into the algorithm of our Trend Constraint Expert Advisor. Today, we will take a close look at some well-known strategies developed by influential figures in trading, whom I refer to as the "Market Fathers."