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Simple H4 Mobile Trading System

  • #1,161
  • Nov 13, 2018 10:49am Nov 13, 2018 10:49am
Whew! Just finished reading entire thread. Some very good thoughts. Thanks to all. A special thanks to hzs10 for excellent thread management!

My current research (which is not extensive yet) shows a correlation between candle size and win/loss ratio. Generally speaking, candles much larger than average are not a good play. At this point it looks like 2 of 3 mongo bars are losers. If you find something different, please let me know.

• Add ATR to chart to determine average candle size. Check far back in history. At least 3 years but not more than 5, due to more robust PA, prior to 2013. Once you have this figure for current pair, decide on maximum candle size you want to risk.

• Add "Momentum Candles v1.ex4" to chart, and size to your specs.
------- This indicator has only 2 settings, besides color.
1. "candlepipvalue" This refers to candle real body.
2. "hilowpipvalue" This is total candle size, wick to wick.

Default color is Magenta set to size 5. This makes my eyeballs bleed, so changed to white 2 or 3, depending on which shows up more clearly, without hiding actual candle body.

Good pippin'
Attached File(s)
File Type: ex4 Momentum Candles v1.ex4   7 KB | 596 downloads
  • #1,162
  • Nov 13, 2018 10:54am Nov 13, 2018 10:54am
One other thing, this site goes into depth on candles, candle patterns, etc. The engulfing bar is fairly accurate overall. This site also has the book (ratings) on almost any formation you can name.

http://thepatternsite.com/CandleEntry.html
  • #1,163
  • Nov 13, 2018 1:55pm Nov 13, 2018 1:55pm
GBPUSD sell
Its showing a clear sign of Bearish Engulfing Candle
Head and Shoulder too
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20181113-145523_MetaTrader 5.jpg Size: 528 KB
  • #1,164
  • Nov 13, 2018 2:24pm Nov 13, 2018 2:24pm
Quoting RedMoon1
GBPUSD sell Its showing a clear sign of Bearish Engulfing Candle Head and Shoulder too {image}
I dont see any engulfing candle... this is not an entry in my rule book but perhaps you have a different take on it :-)
  • #1,165
  • Nov 13, 2018 2:31pm Nov 13, 2018 2:31pm
Hzs10: what was your definition of engulfing? It’s not in the first post... :-)
  • #1,166
  • Nov 13, 2018 3:40pm Nov 13, 2018 3:40pm
There currently is no short entry on GBPUSD as per this system´s rules. Whatever you are doing there, it has nothing to do with this system. Any discussions should be kept to this system only, there are enough other places if you want to discuss your generic GBPUSD trades, based on other entry methods / systems. Let´s keep this thread clean, it only confuses new readers if you post such wrong entries here, as they have nothing to do with this system.
  • #1,167
  • Nov 13, 2018 3:57pm Nov 13, 2018 3:57pm
Took loss, but recovered it before the end of the day.
Attached Image (click to enlarge)
Click to Enlarge Name: E61C0580-C186-44B5-AB74-964F39EC3B71.png Size: 287 KB
Eeh?
EA - Osoi Kame V7 All Time Profit: $2,340
  • #1,168
  • Nov 13, 2018 4:07pm Nov 13, 2018 4:07pm
Maybe this will work, or it will not. AUDCAD 1D. Good luck
Attached Image (click to enlarge)
Click to Enlarge Name: A889C93A-0F6F-42B5-A346-903E094AEC7E.jpeg Size: 272 KB
Eeh?
EA - Osoi Kame V7 All Time Profit: $2,340
  • #1,169
  • Nov 13, 2018 6:06pm Nov 13, 2018 6:06pm
Vianiah,

have you an EA? or an Indicator allert?

Can you share please?

All are giving his best to optimize this strategy, if you can contribute you too, will be always appreciate
We are trying alltogheter to reach the perfect strategy/system/understanding

Thx in advance
  • #1,170
  • Nov 13, 2018 7:21pm Nov 13, 2018 7:21pm
Quoting vianiah
Maybe this will work, or it will not. AUDCAD 1D. Good luck {image}

what indicator is this?
  • #1,171
  • Nov 13, 2018 7:51pm Nov 13, 2018 7:51pm
Quoting furgz1129
{quote} what indicator is this?
It's an expert adviser.

For those you are asking what is this EA, it is an EA that scans the market for any Bullish/Bearish engulfing pattern, then send it to my mobile phone in a form of notification.
Let's just say its like a Semi-Automatic system, that allows me to analyze the market better because I don't have enough time to look to the charts all day, and I really hate sitting down and watching the market.
Eeh?
EA - Osoi Kame V7 All Time Profit: $2,340
  • #1,172
  • Nov 13, 2018 8:05pm Nov 13, 2018 8:05pm
Quoting vianiah
{quote} It's an expert adviser. For those you are asking what is this EA, it is an EA that scans the market for any Bullish/Bearish engulfing pattern, then send it to my mobile phone in a form of notification. Let's just say its like a Semi-Automatic system, that allows me to analyze the market better because I don't have enough time to look to the charts all day, and I really hate sitting down and watching the market.
Where can i get the ea bro
  • #1,173
  • Nov 13, 2018 8:06pm Nov 13, 2018 8:06pm
Quoting vianiah
{quote} It's an expert adviser. For those you are asking what is this EA, it is an EA that scans the market for any Bullish/Bearish engulfing pattern, then send it to my mobile phone in a form of notification. Let's just say its like a Semi-Automatic system, that allows me to analyze the market better because I don't have enough time to look to the charts all day, and I really hate sitting down and watching the market.
Can you set to search only 4h engulfing candle?
  • #1,174
  • Nov 13, 2018 8:30pm Nov 13, 2018 8:30pm
Quoting Trinquete
{quote} Can you set to search only 4h engulfing candle?
Sure. Its up to you. I am just scanning H1 to check if my EA is running properly at my PC. But usually I trade only the H4 signals.
Eeh?
EA - Osoi Kame V7 All Time Profit: $2,340
  • #1,175
  • Nov 13, 2018 8:30pm Nov 13, 2018 8:30pm
Quoting furgz1129
{quote} Where can i get the ea bro
I make my own EA and indicators.
Eeh?
EA - Osoi Kame V7 All Time Profit: $2,340
  • #1,176
  • Nov 13, 2018 8:31pm Nov 13, 2018 8:31pm
Quoting TradeForexFx
Review 28 pairs at a glance. Click on the pair to change chart to the desired pair. use the "Post val" parameter to get pair names like EURUSDv, "v" being the character for the Post_val" parameter. {file} {image} {file} {file}
Thanks! Great work. I have been testing your dashboard! But the dashboard does not Highlight all the pairs where an engulfing arrow appears. Can you pls fix this?
  • #1,177
  • Nov 13, 2018 8:58pm Nov 13, 2018 8:58pm
Quoting diamonddbw
Whew! Just finished reading entire thread. Some very good thoughts. Thanks to all. A special thanks to hzs10 for excellent thread management! My current research (which is not extensive yet) shows a correlation between candle size and win/loss ratio. Generally speaking, candles much larger than average are not a good play. At this point it looks like 2 of 3 mongo bars are losers. If you find something different, please let me know. • Add ATR to chart to determine average candle size. Check far back in history. At least 3 years but...
yes, for me the real body of engulfing candle should be no more than two times bigger than previous candles body, but that's me!
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,178
  • Nov 13, 2018 9:01pm Nov 13, 2018 9:01pm
Quoting Tradingmom
Hzs10: what was your definition of engulfing? It’s not in the first post... :-)

...see post 48...
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,179
  • Nov 13, 2018 9:05pm Nov 13, 2018 9:05pm
Quoting geektrader
There currently is no short entry on GBPUSD as per this system´s rules. Whatever you are doing there, it has nothing to do with this system. Any discussions should be kept to this system only, there are enough other places if you want to discuss your generic GBPUSD trades, based on other entry methods / systems. Let´s keep this thread clean, it only confuses new readers if you post such wrong entries here, as they have nothing to do with this system.
Money is made by sitting, not trading. Jesse L. Livermore
  • #1,180
  • Nov 13, 2018 10:21pm Nov 13, 2018 10:21pm
Quoting vianiah
{quote} I make my own EA and indicators.
Bro, Can you share this EA with us?
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