Well
here for Beathespread, we have made huge tests and backtesting on iVAR.
Today, there are one trader from Italy who trades w/ this indicator and another one, named ZUP
OK, we have found this
iVAR should be used in PERIOD_1M (TF one minute) and its value between a threshold.
ok at the begin of the EA, put those lines
extern int TimeFrameiVAR = PERIOD_M1;
extern bool UseiVAR = true;
extern int periods = 5;
extern double a1 = 0.01;
extern double a2 = 0.01;
extern double a3 = 0.55;
extern double a4 = 0.54;
we have observed the a4 should be sometimes, depending on brokers, equal to 0.54 or 0.53.
After, add this boolean function
bool iVAR()
{
bool Result=false;
double iVAR_1=iCustom(symbol,TimeFrameiVAR,"iVAR_nmc",periods,0,1);
double iVAR_2=iCustom(symbol,TimeFrameiVAR,"iVAR_nmc",periods,0,2);
if(iVAR_2>a1 && iVAR_1>a2 && iVAR_2<a3 && iVAR_1<a4)
Result=true;
return(Result);
}
I uploaded the file 2 months agao for new Build 600+ for MT4. The iVAR_nmc is available here
http://beathespread.com/file/view/25851/ivar-nmc
so now, you can get rid of bad entires, when opening a trade inside the logic
likethis
&& iVAR()