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Ive added a lower Bollinger Band (50,2) to the system and changed the rules so that the system will not buy SPY even when the decliners indicator is greater than 80. It is also considered as the ideal measure of the health of the overall market based on the number of entities trading above this crucial mark. We know that stock options payroll of the forex strategies are written i MQL4 and it is very convenient that Algo studio supports this language because a trader wont waste his time on coding his strategy into the other language for further optimization or back testing.

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In all cases, the signals taken are those in which a Testeg pattern appear with a point 3 near the upperlower Bollinger Datw or near the moving average of the indicator. Because there simply wasnt enough sellers to take the market lower.

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