GBPJPY : Confirm reverse or not?

1.50 PM gmt+8

H4 market currently sideways.

GJ considered uptrend if price could break around level 193.44.... 94 pips to go. Otherwise, it remain Bearish

Chaos Fractal Breakout EA result

Result : The EA will profit on trending market but will fail under sideways market on large timeframe.

Status : EA Failed.

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Chaos EA project closed
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Developing Chaos Fractal Breakout EA in progress

The indicators used on this ea are :
1. Awesome Oscillator - to check trend
2. Alligator - to check trend
3. Fractals - High Low breakout

EA procedure :
1. Pending order, BUY STOP above upper fractal during UPTREND. TP 15 pips. SL several pips bellow fractal candle.

1. Pending order, SELL STOP below lower fractal during DOWNTREND. TP 15 pips. SL several pips above fractal candle.

The EA need to modify for further improvement.

I love this EA because it use simple and systematic method.