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MT4 candle-by-candle manual backtesting 9 replies
How to make EA that send Open Price of Candle for every new candle 5 replies
Day's first H4 candle correlation to daily candle 14 replies
Correlation between first 4 hour candle and daily candle 1 reply
tony's trading journal 7 replies
DislikedI like this system, but does anyone know of a way to filter because there are many candles that turn the opposite type (bullish/bearish) after the previous one.Ignored
Dislikedind. - arrows on entry points +(sl/tp lvl)
2RevBarsEntry_arr0Bar_mtf.mq4 - blinker (current close><open condition)
dem, Tony, u shold be fast with this system, demit : )))))))
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p.s. blinker mtf would blink on lover TFs (1,5,etc min) -same exactly as ind. on 1h tf. does (condition -curr Close><Open), - open 1h(60min) bar untill it closes (open bull/bear candle)Ignored
DislikedThanks fxxx I love these indicators http://www.forexfactory.com/showthre...98#post2783298
BarryIgnored
DislikedI try the system. It works.
Wow. I'm so happy about it.
Thank you. TonyIgnored
DislikedSorry to be a party pooper here guys but realistically the system will not work on the long term. 10-20 pip TP is too little when placing the stop on the other size of the previous candle as this is usually more than 10-20 pips.
I might be stating the obvious but if a system so basic could really generate consistent gains and grow an account indefinately, don't you think the banks and big traders would just use a simple EA to follow this very system and everyone would be stinking rich?
I'll get shot down for this no doubt but listen to me guys....Ignored
DislikedThis system work great. I,m use 30- 50 pips tp on daily and 10-20 pips on h4 with multimeter confirmation. Thank you for this postIgnored