If you’re trading on MetaTrader 4, you might want to take a closer look at the Cyclops. This tool works hand in hand with the Cycleidentifier indicator, complemented by the SMA and RSI for improved filtering.
The Cyclops kicks into action when it identifies a bold two-spike setup, signaling a potential trade opportunity. However, it’s important to note that the filter is designed to confirm these signals, but there’s a catch—the repainting of the spike can make this approach feel a bit like a Martingale strategy.
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As always, it's crucial to do your homework and understand the risks involved. Happy trading!
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