DislikedDo you use any other indicator, or just use candlestick pattern? And how to determine stop-loss level?Ignored
Buy, Sell, plus this other thing equals Profit!
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DislikedDo you use any other indicator, or just use candlestick pattern? And how to determine stop-loss level?Ignored
DislikedNice strategy! Can I ask why are you using realtrader as a broker? http://www.forexpeacearmy.com/forex-...realtrader.orgIgnored
DislikedI try to analyze your open orders. Did you make an entry on EUR/JPY because there is bullish piercing line candlestick on D1 chart like this picture?{image}Ignored
DislikedSure, I'll post some examples after 5 pm eastern if I get any valid trades today. Essentially http://www.candlesticker.com teaches you how to recognize 84 different candlestick patterns. Once you see one of the patterns on your chart you can then initiate your trades. That's the free way to use the system, however for a fee you could join http://americanbulls.com and be informed of candlestick patterns that they automatically detect. In the long term, I plan to create an expert advisor that detects all 84 patterns and trades...Ignored
Disliked{quote} 84 * 28 = 2352 possibilities, how do you manage this every day?Ignored
DislikedOk, it's after 5 pm Eastern and I have checked for candlestick patterns I have one valid trade. EURAUD formed a Bullish Piercing Line on 6/5/18 which confirmed today. Buy Level 1.5377 Stop Loss 1.5273 Execution at 1.54767 Before I can initiate this buy order I need to close the currently open sell order on EURAUD. I closed that order and suffered a loss of $364.36. I also cancel the two pending sell-stop orders that never triggered. Now according to my system, I open a 1 lot buy trade on EURAUD at the market price of 1.54767. I also opened two pending...Ignored
Disliked{quote} Which broker does americanbulls use? I use oanda and there is no such pattern for today on euraud daily. But there was a bullish harami 2 days ago. I couldve entered earlier at a better price of 1.5388 {image}Ignored
DislikedIf it goes to the 200pips do you add another order 100 again? I mean when do you take the profits/closeIgnored
Disliked{quote} You know, I don't know where they are getting their data from. Taking a second look at your chart I do see the Bullish Piercing Line on the chart and even your bullish harami would not have confirmed until today. I consider a confirmed candlestick pattern, not one whereby the pattern merely forms but the pair has to close beyond the pattern in the correct direction. Intraday movement does not count. So let's say we were considering your Bullish Harami from two days ago, I would not take the trade until after a bullish candle closed above...Ignored
Disliked{quote} Looking good, however, I actually would not place the stop-loss on the chart, unless that just a reminder line. Hopefully, this is a demo? You never know with trades.Ignored
Disliked{quote} Its not actually a piercing pattern on my chart because the market didnt gap down, the close of the bearish candle and the open of the bullish candle are same. But than again i rarely see a gap on my charts for some reason, maybe there is a setting on the platform. Anyway like u said if you wait for candle to close above/below the signal line for confirm. than todays trade is valid. I dont want to complicate things but there is a thread on the forum i think its called 3 candles or something, that enters trades at pullbacks after signal confirmation...Ignored
Disliked{quote} Ok, so the second day did not gap down so no Bullish Piercing Line, it is hard to eyeball from a chart. I agree we are looking a basically the same trade. I'll look around for the pullback stuff. I am definitely open to any improvements. In the past I have found that hunting for tops and bottoms were a fool's errand, I was rarely successful and when I was the net extra gain was marginal. I've got a list of potential improvements forming already. 1. Utilizing dynamic addon spacing like ATR to plan pending orders. 2. Figure out some way to...Ignored
Disliked{quote} Yes , for example open a trade of 1/2 lot when candle closes confirming pattern. Place 1 lot at a determined pullback area, and set a stop order of .25 lot at a determined future area, all sl placed at same price.Ignored