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Geges Feb 6, 2019 4:59am | Post# 581

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EU M1 scalp

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BarryD Feb 6, 2019 5:05am | Post# 582

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Hi all,

First and foremost, many thanks to FX Cyborg for sharing his method, highly appreciated.
I have read all posts and think I am starting to see it, however much practice is still needed on my side.

As a first contribution of mine to this thread; I also had a go at creating an indicator for the candle pattern, to reduce the numebr of false signals.

It is simply coded and doesn't have a settings interface.

Would be great if anyone with coding skills can add that, especially since the required candle body sizes need to be adjusted per TF and currency pair.

It is now only tuned for GBPAUD M30, where it seems to nicely show trigger for setup that ficibald mentioned.

Any feedback and help for tuning this per TF and pair is much appreciated!
FX_Cyborg_candle_pattern_v1.0.mq4

abrahamgzman Feb 6, 2019 5:13am | Post# 583

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This is a setup i posted yesterday. Gbpnzd 30 min short. Let me know if i got anything wrong.
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SirPaul Feb 6, 2019 5:13am | Post# 584

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My trade today. M30 zone with entry on the M1.. lets see how it goes
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ficibald Feb 6, 2019 5:27am | Post# 585

This is a setup i posted yesterday. Gbpnzd 30 min short. Let me know if i got anything wrong. {image}
looks good also price of setup on 4H near 61.8 fibo on pullback

ficibald Feb 6, 2019 5:32am | Post# 586

Hi all, First and foremost, many thanks to FX Cyborg for sharing his method, highly appreciated. I have read all posts and think I am starting to see it, however much practice is still needed on my side. As a first contribution of mine to this thread; I also had a go at creating an indicator for the candle pattern, to reduce the numebr of false signals. It is simply coded and doesn't have a settings interface. Would be great if anyone with coding skills can add that, especially since the required candle body sizes need to be adjusted per TF and...
very good indicator,works great thanks for work BarryD

nonlinear Feb 6, 2019 5:32am | Post# 587

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Always learning new things.Click to Enlarge

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FxMadness Feb 6, 2019 6:10am | Post# 588

Always learning new things.{image}
To live is to lean.

Of zoiets.

CrocodileRex Feb 6, 2019 6:17am | Post# 589

CADJPY 5M chart. Down trend, accumulation, 2 bull bars, 1 bear bar. 8 Pips stop loss, take profit at first structural low. What do you think FxCyborg/guys? {image}
the setup looks good. It's just that i think the stoploss is too little for this pair. with your spread of 1.6 pips for CJ, it's almost 20% of your total stoploss. I am getting 0.3-0.5 spread for CJ on my ECN but still i would not use a less than 10 pips stoploss. This is all good if it is a sniper entry but i doubt you won't be shitting your pants if you are trading with real money and not 0.01 lot. I had been scalping for a long time and i am gradually moving to higher timeframes. Now i am only trading m30 and H1.

Also, i think trading the 5minute and 1 minute is really suicidal. It's just my own opinion though. This setup can be used on bigger timeframe but the thread starter mostly shows smaller timeframe because the r:r is really good on smaller timeframes but don't forget that the smaller the timeframe, the more stress it is. Imagine trading $10/$100 per pip with a less than 10 pips stoploss. That's few hundred gone for the spread ONCE you enter the trade.

jegas Feb 6, 2019 6:58am | Post# 590

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Is it Right Entry ?
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russian30 Feb 6, 2019 7:05am | Post# 591

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Buy setup on the cadjpy 5min

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Bestof27 Feb 6, 2019 7:30am | Post# 592

Buy setup on the cadjpy 5min {image}
Hi

CADJPY is in a down trend M5, so I wouldn't buy....

russian30 Feb 6, 2019 7:32am | Post# 593

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Maybe a chance to add on the 1 min

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pipps Feb 6, 2019 7:35am | Post# 594

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the first two setups seems good and worked. The lower one did not. What was wrong with that failed entry setup please?

hostimfalas Feb 6, 2019 7:39am | Post# 595

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EJ M5, Overall trend is up, accumulation, pattern. Possible R:R (1:1+). Spread is killing me!
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ficibald Feb 6, 2019 7:53am | Post# 596

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gbpcad 15M short,bit too late,but look how good this swing trade looks on 1H
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steven21 Feb 6, 2019 8:09am | Post# 597

{image} the first two setups seems good and worked. The lower one did not. What was wrong with that failed entry setup please?
I dunno if u could see the accumulation zone for the tf u are looking at. If yes, its fine...cos this wasnt meant to be a full-proof.

pipps Feb 6, 2019 8:16am | Post# 598

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EURUSD, M30, two setups.
first one has SL of top of bear candle wick plus 5pip. is it a viable entry? I think not because there was no break away from the zone and then market coming back. It simply triggered on the candle after the bear candle. When market did break down and come back it did not make it to the entry point.

second one has Sl at highest wick plus 5p. Market did break down from the entry area but not much. Entry has been triggered on these last two candles. Is this a correct entry? The trend is down and the entry is sort of in an accumulation area perhaps. Comments?
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tidal Feb 6, 2019 8:30am | Post# 599

Cadjpy looking good for short atm

jimmaxx Feb 6, 2019 8:34am | Post# 600

I saw the same Eu US setup on the 3 min chart and took the trade. Short at 1.1393. Confirmation to me on your 30m set-up. Good Luck.


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