Great effort with this indi Clemmo. Just a little tweak to ensure it follows the candle 4 break rule (as per babakk's post directly before this one) would see it following closer to the rules. Thanks for your hard work with this.
{quote} What a fantastic job you have done here. Thank you for your hard work. Generally it works well. There's a minor thing that I spotted in the chart. I have changed the 'IgnoreCandle Taller Than' to 200 (does it mean 20 pips for a 5 digit mt4 platform?) A red horizontal line was drawn on bar 4, even though it did not break bar 3. While on the left of the chart, a red horizontal line was drawn on a tall bar 4. Probably it's just minor. Win rate could improve if sell signal only to be taken below a moving average. Once again great work. {image}...
Ignored
Yes, lines are drawn whether they are broken or not, but only bars with lines that get broken should have arrows.
The measurements are in points so 200 = 20 pips.
{quote} Great effort with this indi Clemmo. Just a little tweak to ensure it follows the candle 4 break rule (as per babakk's post directly before this one) would see it following closer to the rules. Thanks for your hard work with this.
Ignored
Can you please post a screenshot where it is not following the rule?
{quote} Sure here is one example I found. Candle 4 needs to break candle 3. {image}
Ignored
NO ,this is incorrect,it is an invalid setup of 4,this finishes at 3 candles,the 4th candle body should open cross the 3rd candle body,and this particualr setup would have been buy,so the sell line and sell arrow is also incorrect.
{quote} NO ,this is incorrect,it is an invalid setup of 4,this finishes at 3 candles,the 4th candle body should open cross the 3rd candle body,and this particualr setup would have been buy,so the sell line and sell arrow is also incorrect.
Ignored
he was referring to this that it is incorrect. the pink box covered the apex.
bar 4 line was drawn even though it did not break bar 3 low.
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Joined Oct 2008
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Status: Learning
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Hi Daz
Really enjoying this simple way of trading, thanks for the thread and sharing it with us. Trading it on demo at the moment, will do more forward testing, and post some trades from time to time.
Cheers
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
