Dynamic Profit Generator

Dynamic Profit Generator :
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Video & Instructions:
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Here are the formulae used in Dynamic Profit Generator.

1 Tick/Pip = 0.0001

I will use the following abbreviations:

Price 1 => P1
Price 2 => P2
Price 3 => P3

For a Short:

Entry = ((P3-P1)/(P1-P2) - 0.25)*(P1-P2) + P2
BE Level = P3 - (P1-P2)/2
Target = P3 - (P1-P2)
Stop = P3 + 0.0001 (1 pip above P3)
Diff = (P3 - P2)/4

For a Long:

Entry = P2 - (P2-P3)/(P2-P1)-0.25)*(P2-P1)
BE Level = P3 + (P2-P1)/2
Target = P3 + (P2-P1)
Stop = P3 - 0.0001 (1 pip below P3)
Diff = (P2 - P3)/4

I have also shared an Excel file containing the formulas (shoud I have made an error in retyping them above)


Code:

http://www.multiupload.com/ZNJVP1691P

This may be useful should someone be able to find time to create
an EA/indicator. My time is currently very limited and I will not be
able to do so in the next month or two.

I am jumping the gun a little bit by assuming that the DPG strategy
actually works, but by creating an EA backtesting can be done to assess
the success of this trading strategy.

Ideas on how to automatically detect a 1-2-3 reversal, with the purpose
of creating an EA, is welcome. With this in place I believe that, with
additional indicators, one can create a profitable EA.

Please watch the videos - I will not explain what Price1, Price2 and
Price3 are. The videos explain everything - I assume that you have
watched to videos and understand how to use the Dynamic Profit
Generator.