Hi Seller9,
while I was studying ichi settings I discovered a simple but useful info: also without any kind of kumo breakout or similar ma breakout, time seems to be enough to filter any entry. In fact, as you see in the attached image, excluding London closing time, and considering the simple candle inversion as a signal to open position, the time sma filter avoids the most of bed entries.
Possible EA based only on sma time filter and simple reversal candle:
(Considering renko bars 4 pips-wicked / eurusd / spread 2)
while I was studying ichi settings I discovered a simple but useful info: also without any kind of kumo breakout or similar ma breakout, time seems to be enough to filter any entry. In fact, as you see in the attached image, excluding London closing time, and considering the simple candle inversion as a signal to open position, the time sma filter avoids the most of bed entries.
Possible EA based only on sma time filter and simple reversal candle:
(Considering renko bars 4 pips-wicked / eurusd / spread 2)
- When the new candle is in the opposite direction and if sma 13>sma2 EA opens trade
- EA immediately sets a hidden s/l at -4/-6
- then if price goes on in the right direction
- after 6-7 pips hidden s/l is set to 0 (open price)
- then if price continues to move in the same direction
- after 10 pips hidden s/l starts to work as a trailing s/l following price +1
NOTE:
- Yellow lines: bed entries triggered -6 each (hid. s/l triggered)
- Aqua lines: major entries more then 3 candles and zero positions (a minimum of 3 candle, 12 pips total, open in the middle of the second candle at +6, hidden s/l put to open price at 0 when price is at +6 from open)
- Red lines: bed entries avoided
Ubi maior minor cessat