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Follow the BIG Candle

  • #301
  • Oct 10, 2016 6:53am Oct 10, 2016 6:53am
Quoting Hirangan
Assalamuallaikum Khalil! I have an idea about entry for BigCandle EA (I think this is new idea). To determine big candle we use your basic formula by multiplied ATR value so there is no change for this. What we change is place a pending order (BuyStop on High of Big bullish candle or SellStop on Low of the bearish candle) and we put SL on the opposite side (Low of candle for BuyStop and High of candle for SellStop) generally this is breakout technique. If needed we can set some pips space between High or Low to our pending order. For TP we can add...
Hi Hirangan,

As I am really busy these days, I suggest that you have a look at the ATR Break Out thread, in which I had implemented similar ideas to yours.

All the best,

Khalil
No guts, no glory
  • #302
  • Oct 10, 2016 9:05am Oct 10, 2016 9:05am
Quoting abokwaik
{quote} Hi Hirangan, As I am really busy these days, I suggest that you have a look at the ATR Break Out thread, in which I had implemented similar ideas to yours. All the best, Khalil
It's Ok Khalil, no problem. I'll check it there.

Thank you.
Regards
  • #303
  • Oct 10, 2016 9:36am Oct 10, 2016 9:36am
Quoting Hirangan
{quote} It's Ok Khalil, no problem. I'll check it there. Thank you.
This is what I've been working on for you.
Testing results are mixed, maybe you and other members can find good settings.

Fixed Pips option added in addition to the previous ATR option.
Reversal option added.
Moving Average filter selectable time frame ... etc.

Attached Image (click to enlarge)
Click to Enlarge Name: BCR_7_01.PNG Size: 48 KB
Attached File(s)
File Type: ex4 Big_Candle_07_01.ex4   35 KB | 1,646 downloads
No guts, no glory
  • #304
  • Oct 10, 2016 6:29pm Oct 10, 2016 6:29pm
Quoting abokwaik
{quote} This is what I've been working on for you. Testing results are mixed, maybe you and other members can find good settings. {image} {file}
Abokwaik, this looks very clean and simple! I'm gonna try scalping The Big Candle as soon as time permits Thank u Sir Genious.

BoHanna
  • #305
  • Oct 11, 2016 10:42pm Oct 11, 2016 10:42pm
Quoting abokwaik
{quote} This is what I've been working on for you. Testing results are mixed, maybe you and other members can find good settings. Fixed Pips option added in addition to the previous ATR option. Reversal option added. Moving Average filter selectable time frame ... etc. {image} {file}
Sorry for late reply Khalil

Maybe we need to play around with the parameter to find th better one. By the way, can you make the SL auto placed on High or Low of the candle? (depending to pending order if Buystop at the High so the SL will be at the Low of that candle) Using multiplied ATR to set SL is a bit bigger for me, for TP is no problem using ATR for me as long as we have trailling stop behind (please change the Trailing Stop using fix pips not ATR) .

Big Thanks for your Hard Work, may you always in green pips
Regards
  • #306
  • Jan 6, 2017 1:13pm Jan 6, 2017 1:13pm
Quoting abokwaik
This is a very simple idea for Auto-Trading (using Expert Advisor) My idea is to follow the big candle. Open a trade in the direction of the big candle. Big Candle is identified as follows: The size of candle (from Low to High) is greater than ATR(atr_period) x ATR_Multiplier So for example, for GBP/USD, H4, suppose ATR(21) was 30 pips, and we set ATR_Multiplier to 2.5, so we are looking for H4 candles with range > 2.5 * 30 = 75 pips. So If High-Low of current H4 candle reaches 75 we go long if candle is up, and we go short if candle is down. (There...

VERY VERY interesting
Keep the good work
  • #307
  • Mar 7, 2017 10:10pm Mar 7, 2017 10:10pm
Amazing and simple strategy, i will follow it and make profit daily, thank bro
  • #308
  • May 3, 2017 1:47am May 3, 2017 1:47am
Big candle itself is not enough. We must include volume indicator in decision to open BUY or SELL. If there is significant increase in volume it will confirm
  • #309
  • May 8, 2017 1:27pm May 8, 2017 1:27pm
For some reasons when I try to test the EA after the first lost trade the tester stops. Anything am doing wrong here?
  • #310
  • May 11, 2017 3:14am May 11, 2017 3:14am
Quoting e2rd2006
Big candle itself is not enough. We must include volume indicator in decision to open BUY or SELL. If there is significant increase in volume it will confirm
I agree. usually big candle have high volumes.
No guts, no glory
  • #311
  • May 11, 2017 3:15am May 11, 2017 3:15am
Quoting tejli007
For some reasons when I try to test the EA after the first lost trade the tester stops. Anything am doing wrong here?
Which version are you testing ?
Kindly check journal for possible errors.
No guts, no glory
  • #312
  • Jul 17, 2017 11:45am Jul 17, 2017 11:45am
Hey abokwaik,

Thanks for starting the thread and for sharing the EA(s). Good stuff you're doing here man. I would love to ask how do you go about finding possible trade ideas, and more importantly, how do you keep generating them?

I just did a backtest on EUR/USD H1 TF, and it looks promising. Having said that, I'll have to take a deeper dive into it. I've been researching the FF forum for a couple of weeks to find practical trading ideas that can be validated with proper data and backtesting tools.

I'm wondering if anyone here is working on improving the strategy, or have other interesting trade ideas to discuss and share.
  • #313
  • Jul 17, 2017 2:42pm Jul 17, 2017 2:42pm
Quoting nathaniel
I would love to ask how do you go about finding possible trade ideas, and more importantly, how do you keep generating them? .
Passion for the game.


Quoting nathaniel
I've been researching the FF forum for a couple of weeks to find practical trading ideas that can be validated with proper data and backtesting tools.
I suggest you check the Robots Lab here at FF.

Thank you for your nice words.
No guts, no glory
  • #314
  • Jul 18, 2017 11:16am Jul 18, 2017 11:16am
Quoting abokwaik
Passion for the game.
No better answer.

Quoting abokwaik
I suggest you check the Robots Lab here at FF. Thank you for your nice words.
Definitely will.

I've just finished this thread. Really enjoyed walking through the ideas generation process, and looking forward to more discussions.
  • #315
  • Jul 18, 2017 12:02pm Jul 18, 2017 12:02pm
Hi Abokwaik,

is it possible to incorporate field to include retrace entry i.e. specified by pips amount or fibonacci to the EA?

Many thanks.
  • #316
  • Jul 18, 2017 12:19pm Jul 18, 2017 12:19pm
subscribed
  • #317
  • Jul 21, 2017 10:52am Jul 21, 2017 10:52am
Just follow Big Candle 1 minute , followed by significant increase in Volume while price breakout ranging market in Asian Session. 30 pips already in hand.
  • #318
  • Jan 22, 2018 11:48pm Jan 22, 2018 11:48pm
Quoting e2rd2006
Just follow Big Candle 1 minute , followed by significant increase in Volume while price breakout ranging market in Asian Session. 30 pips already in hand.
is this EA still profitable?
  • #319
  • Apr 30, 2020 8:58pm Apr 30, 2020 8:58pm
Quoting abokwaik
This is a very simple idea for Auto-Trading (using Expert Advisor) My idea is to follow the big candle. Open a trade in the direction of the big candle. Big Candle is identified as follows: The size of candle (from Low to High) is greater than ATR(atr_period) x ATR_Multiplier So for example, for GBP/USD, H4, suppose ATR(21) was 30 pips, and we set ATR_Multiplier to 2.5, so we are looking for H4 candles with range > 2.5 * 30 = 75 pips. So If High-Low of current H4 candle reaches 75 we go long if candle is up, and we go short if candle is down. (There...

Could you publish just an indicator that will somehow identify a candle if it closes xATR past an ma? Would be so helpful.
  • #320
  • Jun 9, 2021 9:29pm Jun 9, 2021 9:29pm
try Big Candle Alert on the the market at metaquotes
works great.
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