3 candle strategy | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MT4 candle-by-candle manual backtesting 9 replies

Indicator for average candle size for up or down candle? 1 reply

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: 3 candle strategy
Exit Attachments

3 candle strategy

  • #21
  • Apr 26, 2018 7:14pm Apr 26, 2018 7:14pm
Quoting billbss
{quote} What are the bands for?
they are for bbma strategy not the 3 candles.
  • #22
  • Edited 4:23am Apr 29, 2018 4:12am | Edited 4:23am
Quoting hibra68
Hi guys I got this from internet. 3 candles strategy. Ok the color of the first candle does not matter. I will only explain sell strategy all you have to do is reverse it for buying. We have a bullish market. Second candle's high is above the first candles high and second candle's low is above the first candle's low and the second candle closes as a bearish candle. We open a sell when the 3rd candle opens. Our sl is on top of the high of first candle tp is at the close of the 3rd candle. Last filter is optional. First candle's volume is lower than...
thanks for your idea
Attached Image (click to enlarge)
Click to Enlarge Name: 30.png Size: 46 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 30a.png Size: 61 KB

Attached File(s)
File Type: ex4 BBma mod.ex4   11 KB | 471 downloads
The Average Discount Everything
  • #23
  • Apr 29, 2018 7:09am Apr 29, 2018 7:09am
Quoting hesron
{quote} thanks for your idea {image} {image} {file}
Tnx, what are the arrows and dots? Are they from oma ally?
Did u notice when 50 ema is between the other moving averages the price bounces between them like a ping pong?
  • #24
  • Apr 29, 2018 7:34am Apr 29, 2018 7:34am
Quoting hibra68
{quote} Tnx, what are the arrows and dots? Are they from oma ally? Did u notice when 50 ema is between the other moving averages the price bounces between them like a ping pong?
market structure becomes important to be observed
The Average Discount Everything
  • #25
  • Apr 29, 2018 7:35am Apr 29, 2018 7:35am
Quoting hesron
{quote} market structure becomes important to be observed
Thank you, I will try it on strategy.
  • #26
  • Apr 29, 2018 8:24am Apr 29, 2018 8:24am
Hi hesron, i used the template but it didnt have the arrows or dots. Do you have the one with those alerts?
  • #27
  • Apr 29, 2018 12:11pm Apr 29, 2018 12:11pm
Hi All

Why not trading this way

More overview
NO complicated lines or indicators
Just Read the candles and trade your advantage in the market

Happy trading all
Attached Image
  • #28
  • Apr 29, 2018 2:25pm Apr 29, 2018 2:25pm
Hi Dutchsignals,
Do you mean close above below previous candle?
Some more thoughts please?

Thanks
R
  • #29
  • Apr 29, 2018 2:55pm Apr 29, 2018 2:55pm
Is this not simply a variant of TooSlow's 1-2-3 method?
  • #30
  • Apr 29, 2018 3:07pm Apr 29, 2018 3:07pm
it could be interpreted as that however I think it is about opening of candle above or below previous candle
  • #31
  • Apr 29, 2018 3:17pm Apr 29, 2018 3:17pm
HarryPlopper, myself and a couple of others also investigated something similar on a three-bar pattern thread a year or so ago.

There truly is nothing new under the (fx) sun.
  • #32
  • Apr 29, 2018 4:46pm Apr 29, 2018 4:46pm
Quoting lemercenaire
HarryPlopper, myself and a couple of others also investigated something similar on a three-bar pattern thread a year or so ago. There truly is nothing new under the (fx) sun.
i haven't read up on Harry Plopper in a while but isn't this exactly it?
  • #33
  • Apr 29, 2018 7:37pm Apr 29, 2018 7:37pm
Quoting bojack34
{quote} i haven't read up on Harry Plopper in a while but isn't this exactly it?
This is similar to blow off bar(pinbar) but difference is that it does not have to be a pinbar. And it is very strong if the signal candles volume is bigger than the previous bar.
  • #34
  • Apr 29, 2018 8:47pm Apr 29, 2018 8:47pm
Quoting hibra68
{quote} This is similar to blow off bar(pinbar) but difference is that it does not have to be a pinbar. And it is very strong if the signal candles volume is bigger than the previous bar.
Here are the rules to "A Little Breakout Here and There" (HarryPlopper)............

The basic rules are as follows:

Longs: If the current bar's close is higher than the highs of the previous 2 bars, then enter at a break of this bar.
Shorts: If the current bar's close is lower than the lows of the previous 2 bars, then enter at a break of this bar.
If the trade isn't executed on the very next bar, then it is cancelled.
  • #35
  • Apr 29, 2018 11:36pm Apr 29, 2018 11:36pm
Quoting bojack34
{quote} i haven't read up on Harry Plopper in a while but isn't this exactly it?
Yeah, that was my thinking. We did fragment off into three different variants - which is why the thread died, lol.
  • #36
  • Apr 29, 2018 11:38pm Apr 29, 2018 11:38pm
Quoting lemercenaire
{quote} Yeah, that was my thinking. We did fragment off into three different variants - which is why the thread died, lol.
If I remember correctly, I found after testing that the likelihood of success was increased substantially by trading away from a pattern that ''points'' at a 20 SMA (I'd need to check the details again though).
  • #37
  • Apr 30, 2018 12:30am Apr 30, 2018 12:30am
Quoting hibra68
{quote} they are for bbma strategy not the 3 candles.
Can you throw some more light on this BBMA Strategy Please? Some valued links and explanations would be great!
  • #38
  • Apr 30, 2018 1:47am Apr 30, 2018 1:47am
Quoting rookie14
Hi Dutchsignals, Do you mean close above below previous candle? Some more thoughts please? Thanks R
Do you really expect a commercial member to give you any reasonable cue? It's all smoke and mirrors. Someone said something about the hunt trend, you may wanna focus on that.
Read in between the price!!!
  • #39
  • May 1, 2018 12:53am May 1, 2018 12:53am
@lemercenaire,i don't know why that harry plopper thread was abandoned,there was a lot of good winners shown,i hope this thread sort of carries on with it .
  • #40
  • May 1, 2018 2:59am May 1, 2018 2:59am
Quoting nozzer
@lemercenaire,i don't know why that harry plopper thread was abandoned,there was a lot of good winners shown,i hope this thread sort of carries on with it .
The reason it died was that of the three main contributers, each of us preferred a slightly different variation on the theme. I have to say that all three worked very well.

Harry also decided at some point to revisit an old trading method of his and he couldn't devote the time to both.
0 traders viewing now