I am an experienced trader for 7 years. I trade many systems automatically.
This system has not been coded yet.
Any coder who would like to code it is most welcome.
Indicator needed
Synergy_APB (Heiken ashi with a "twist")
It looks like this:
I look for engulfing bar, a bar that includes the whole next bar (Or in opposite: a bar that is inside previous bar) – Previous bar's high is higher than next bar's high and previous bar's low is lower than next bar's low.
See examples:
The first bar to close outside the engulfing bar is the next bar we look for.
If this bar closes below the engulfing bar – we place a sell stop below that bar's low, and vice versa (if closing above) for long.
See example:
SL – at the opposite side of the engulfing bar.
TP = SL
Trade management:
Close 0.5 of the lot size at 20-50 pips (depends on the TF) and let other part of trade to run while SL moves to Breakeven.
Pending order is deleted if:
1. a new engulfing bar has been created or
2. pending order has not been filled for more than 5 bars after it was placed or
3. pending order has not been filled until weekend.
All open trades are closed before weekend.
Edit - 28.3.2014 - added Master_Candle_APB.v1.2.mq4 (Thanks to EasyRyder)
Update from 9-June-2014: please read post 365: http://www.forexfactory.com/showthre...39#post7521839
This system has not been coded yet.
Any coder who would like to code it is most welcome.
Indicator needed
Synergy_APB (Heiken ashi with a "twist")
It looks like this:
Attached Image
I look for engulfing bar, a bar that includes the whole next bar (Or in opposite: a bar that is inside previous bar) – Previous bar's high is higher than next bar's high and previous bar's low is lower than next bar's low.
See examples:
Attached Image
The first bar to close outside the engulfing bar is the next bar we look for.
If this bar closes below the engulfing bar – we place a sell stop below that bar's low, and vice versa (if closing above) for long.
See example:
Attached Image
SL – at the opposite side of the engulfing bar.
TP = SL
Trade management:
Close 0.5 of the lot size at 20-50 pips (depends on the TF) and let other part of trade to run while SL moves to Breakeven.
Pending order is deleted if:
1. a new engulfing bar has been created or
2. pending order has not been filled for more than 5 bars after it was placed or
3. pending order has not been filled until weekend.
All open trades are closed before weekend.
Edit - 28.3.2014 - added Master_Candle_APB.v1.2.mq4 (Thanks to EasyRyder)
Update from 9-June-2014: please read post 365: http://www.forexfactory.com/showthre...39#post7521839
Attached File(s)
Synergy_APB.ex4
4 KB
|
3,212 downloads
Master_Candle_APB.v1.2.mq4
5 KB
|
3,337 downloads
|
Uploaded Mar 28, 2014 4:27pm