ICWR Strategy and AutoTrader (ICWR Strategy and AutoTrader)

I started this post to explore the ICWR trading system. It represents an impulse/corrective wave retracement. I started using this strategy last week and it has been my best week so far!

I'm attaching a pdf file explaining the strategy. The main idea is to have the confidence to stay in the trade to gain maximum points. I am also developing an EA for automated trading of this system. Looking at the EURUSD chart you can see 2 entries. I'm setting up a "standard" transaction that will occur where you see the blue line, and a "DARE ME" transaction that will occur where you see the red line. Both would be winners... 123 (Dare) and 106 (Standard) points.

I hope everyone is interested in this topic. I'll probably upload the automated trading program tomorrow, but here's some information to get you started.

I also uploaded the metrics that apply to the system (not created by me). There are a few, but this one works great. It automatically draws Fibonacci lines for you. I've been using H1 charts and so far I like it.

Standard trade requirements
- 7MA > 21MA
- 21MA > 49MA
- STOCH (21,14,14) - Main line > Signal line
- RSI(14) > 50

Do you dare to trade requirements?
- STOCH (21,14,14) - Main line is > signal line
- RSI(14) > 50

I'm always open to suggestions...

******************************Version 2 Update uploaded on September 11************************************

Hi everyone, I have uploaded version 2 of EA. You will notice 5 new buttons... CL-25 through CL-75, and no SL button.
When you open a trade (with or without a stop loss), you can press any of the 4 CL buttons and the stop loss will automatically move to that level. You can press another level and it will move to that level for you.

So when your trade goes your way (we hope) and the Fibonacci expands... moves the Fibonacci levels, you can automatically place your stop loss and it will move accordingly.

******************************Version 3 Updated on 9/15 Upload************************************
I added BOF and BOP buttons for placing pending trades based on Fib 0% and 100% levels (BOF) and placing pending trades based on the current price (BOP).
See post #108 for a better description.

****************************Version 3.1 updated on 9/22 uploaded************************************
I've changed the timeframe of the "Standard" and "Dare" buttons to the timeframe of the chart. I haven't tried it yet! I also added the pair name and the pair's spread... color coded green or red depending on what your Spread_Max variable is. I set it to 3. So if the spread is >=3, the box will appear red as a warning. If less than 3, green means normal. Just a visual…
Maybe when I start automated trading I will factor this into whether or not to trade.

****************************Version 3.5 updated on 9/28************************************
I added 2 automatic trading buttons to this EA.
See post #123 to learn more about the 2 new buttons I set up for automated trading so we don’t have to take care of the kids all day! ! ! !

Please use it in a demo account until you confirm that it works for you! ! ! ! ! !