Hi everyone — I’m a long-time trader with a background in retail CFD brokerage. I have several funded prop firm accounts using fully automated strategies, mainly on indices, although I also trade a number of FX systems. My background is in software engineering, so I’ve automated my trading...
There usually is not one non-lagging signal that marks the exact end of a trend. A better approach is to combine higher-timeframe confirmation with momentum exhaustion evidence such as divergence, then use price action for the actual trigger.
Nice little tool. One thing to be aware of is that FTMO recently changed their T&Cs regarding challenge accounts so that if you fall below 8% for more than 30 days you'll fail the challenge.