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High Level Accuracy Method – “3-bar pattern Indicator/Alert”

  • #41
  • Edited 11:29am Feb 12, 2019 8:29am | Edited 11:29am
As I mentioned in my opening post I am not going to do that here, = U R toooo Humble m8 , its ur thread and u Improved

this method imho ! [ + hopefully u'll NOT leave ur Thread Unattended for a few days like FXC ]
da n0o0b + $hit_Disturber
  • #42
  • Feb 12, 2019 8:56am Feb 12, 2019 8:56am
Quoting Ripo05
I just added the new v1.01 and see something very strange. Please see attached screenshot. The marked setups are not corrects, as the 1st and second bar are not similar size. (Deafult 70% was set). These are with darker green arrow. The lighter green are the original version and those are ok. Did I make some mistake, or it is an error in the v1.01? {image}

Please read the opening post - these are correct as you have 'Discretionary Logic' turned on to capture those engulfing patterns that don't have similar body sizes for bars 1 and 2. If you don't want them identified, turn it off so you have strict setup only. But even FXcyborg doesn't do that as you can see by his examples (again review them in the opening post)
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #43
  • Feb 12, 2019 9:11am Feb 12, 2019 9:11am
not sure why the indi gave the latest green arrow. The bodies of the two bear candles are significantly different. At least my interpretation of body of candle is open to close, not including the wicks then. Maybe indi interprets body as the entire candle??
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #44
  • Feb 12, 2019 9:15am Feb 12, 2019 9:15am
ok, i see your prior explanation about disc logic. I think FXCyborg may give some leeway to size but not the amount in this GU example...but i can not speak for him, just my opinion. BUT, even if the indi shows it, the trader has the ability to override it it and ignore it. so still liking what you have done!
  • #45
  • Feb 12, 2019 9:17am Feb 12, 2019 9:17am
and here it is with DL turned to false. eliminated that (and the other) signal. Nice
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #46
  • Feb 12, 2019 9:28am Feb 12, 2019 9:28am
Quoting pipps
not sure why the indi gave the latest green arrow. The bodies of the two bear candles are significantly different. At least my interpretation of body of candle is open to close, not including the wicks then. Maybe indi interprets body as the entire candle?? {image}
See you answered your own questions afterwards. You have the 'Discretionary Logic' (DL) turned on that gets engulfing bars regardless of comparable bodies for bars 1 and 2.. All explained in the opening post how you control it based on what you personally want to trade off.

You're right when you commented in your later post, turn DL off and it disappears as it then identifies more stricter patterns but then misses ones that you probably would be interested in! You decide what you want to look for hence why it has the flexibility built in.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #47
  • Feb 12, 2019 9:30am Feb 12, 2019 9:30am
Quoting pipsy7
As I mentioned in my opening post I am not going to do that here, = U R toooo Humble m8 , its ur thread and u Improved this method imho ! [ + hopefully u'll NOT leave ur Thread Unattended for a few days ]

Thanks for the nice comment, though I haven't really improved FXcyborg's method. Just made it easier to identify the 3-bar patterns that is at the core of it. The trader needs to look at the context and if they should be traded or not according to the rest of the methodology.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #48
  • Feb 12, 2019 10:46am Feb 12, 2019 10:46am
Quoting pipps
not sure why the indi gave the latest green arrow. The bodies of the two bear candles are significantly different. At least my interpretation of body of candle is open to close, not including the wicks then. Maybe indi interprets body as the entire candle?? {image}
Quoting Freefox
{quote} See you answered your own questions afterwards. You have the 'Discretionary Logic' (DL) turned on that gets engulfing bars regardless of comparable bodies for bars 1 and 2.. All explained in the opening post how you control it based on what you personally want to trade off. You're right when you commented in your later post, turn DL off and it disappears as it then identifies more stricter patterns but then misses ones that you probably would be interested in! You decide what you want to look for hence why it has the flexibility built in....
Also following on from my earlier response and reply to your post I'm really glad you posted that image. Got my thinking I think I can improve on the 'Discretionary Logic' I have already included so when we have such obviously inappropriate patterns as the one you have highlighted it will ignore them. I'll do it later in the week with a new release. Will wait and see if there is any other feedback or improvements to be made first though before I release another version so everything done together.

Much thanks for your input.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #49
  • Feb 12, 2019 11:04am Feb 12, 2019 11:04am
Am I mistaken, or shouldn't this arrow turn up? (DL off, Ignore off)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 19 KB
  • #50
  • Feb 12, 2019 11:13am Feb 12, 2019 11:13am
Quoting flofri
Am I mistaken, or shouldn't this arrow turn up? (DL off, Ignore off) {image}

Hi thanks for your post.

But you are clearly missing the fundamentals of what the methodology is all about. This is a bearish engulfing pattern that is identified. If context is right we would sell on a retrace to the correct level.

Respectfully suggest that you go back and read FXcyborg's main thread FROM THE START as if such a basic thing as this you are struggling with you are in no position to trade with the methodology.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #51
  • Feb 12, 2019 11:20am Feb 12, 2019 11:20am
Quoting Freefox
{quote} Hi thanks for your post. But you are clearly missing the fundamentals of what the methodology is all about. This is a bearish engulfing pattern that is identified. If context is right we would sell on a retrace to the correct level. Respectfully suggest that you go back and read FXcyborg's main thread FROM THE START as if such a basic thing as this you are struggling with you are in no position to trade with the methodology.
Thank you very much, I tried to quick-read to fast. I don't call this an engulfing bar, so I will read the methodology better!

PS in re-reading my comment I was unclear. I did mean "to turn up" as a synonym for "to show", not that it should be an up-turned arrow
  • #52
  • Feb 12, 2019 11:26am Feb 12, 2019 11:26am
Quoting flofri
{quote} Thank you very much, I tried to quick-read to fast. I don't call this an engulfing bar, so I will read the methodology better! PS in re-reading my comment I was unclear. I did mean "to turn up" as a synonym for "to show", not that it should be an up-turned arrow
No problem.

Bar engulfs prior body. That is why the indicator has correctly identified it as a pattern of interest.
*** Shoot for the moon. Even if you miss, you'll land among the stars. ***
  • #53
  • Feb 12, 2019 11:31am Feb 12, 2019 11:31am
Freefox, thanks for your kind patience and being such a gentleman with explanation. I will do my homework with this interesting thread before I speak again.
  • #54
  • Feb 12, 2019 11:39am Feb 12, 2019 11:39am
Quoting Freefox
{quote} {quote} Also following on from my earlier response and reply to your post I'm really glad you posted that image. Got my thinking I think I can improve on the 'Discretionary Logic' I have already included so when we have such obviously inappropriate patterns as the one you have highlighted it will ignore them. I'll do it later in the week with a new release. Will wait and see if there is any other feedback or improvements to be made first though before I release another version so everything done together. Much thanks for...
appreciate the time you spend on coding (which is not so easy). I like the system FXCyborg has shown and obviously there are things one must interpret when a potential setup is shown. Having your indi locate the potential setups is most helpful when looking a many pairs and especially for me since i only trade 4 hours a day, and then go have other fun the rest of the time.

i will continue as time allows to give my little bit of feedback for you generous assessment and improvement.
  • #55
  • Feb 12, 2019 12:43pm Feb 12, 2019 12:43pm
Quoting Freefox
{quote} Please read the opening post - these are correct as you have 'Discretionary Logic' turned on to capture those engulfing patterns that don't have similar body sizes for bars 1 and 2. If you don't want them identified, turn it off so you have strict setup only. But even FXcyborg doesn't do that as you can see by his examples (again review them in the opening post)
Thank you for your response, it's my fault.
A request: can you add new feature to send email also, not only push messages?
Thanks again your work, it's really helps!
  • #56
  • Edited 2:21pm Feb 12, 2019 2:05pm | Edited 2:21pm
Quoting Freefox
{quote} No, not really - what do you do with a dashboard? Have to open up the actual chart to see what is happening. You've got to do the work in the end and look at the charts and do due diligence. There is no getting away from that.

Yep. But with my idea you just need two charts: the one with the dashboard and the one with the setup..

It's more easy and less confusing, trust me.

It would look like it:

EUR/USD M1 M5 15 M30 H1 H4 D1 W1 MN -
GBP/USD
Ecc...

And an arrow under the TF where the setup is happening, with an alert. Then you can add some sort of trend filter if you want, in the same chart of the dashboard or in the dashboard itself, and all the dirty job is done: this way you have all pairs scanned in one simple chart.

You can't say this way isn't more easy and practical When a setup is detected you can open a second chart for do all the analysis of this world

Always better than having 28 crushed charts
  • #57
  • Feb 12, 2019 3:36pm Feb 12, 2019 3:36pm
You can't say this way isn't more easy and practical When a setup is detected you can open a second chart for do all the analysis of this world Always better than having 28 crushed charts[/quote]

28 charts multiplied by 9 timeframes. I tried. but MT4 can only be around 100 ?? charts. OK, 9 MT4 X 28 charts, ........ but will be tight on my VPS ....... Anyway ..... Thanks for this - best - indicator on this strategy !!! I would like to remember a clever Treat commentator. He said: focus on one or two pairs. Now a personal request. or better, a question. does the fox really not have any thoughts on a trend direction ????? Not a small option to select an EMA for long or short ??
Once again, thank you for the best indicator of this strategy

Sincerely,

M.Propper
  • #58
  • Feb 12, 2019 5:19pm Feb 12, 2019 5:19pm
Hi Freefox

Thanks for a great indicator

Would it be possible to ad email alert?

Thanks Steve
  • #59
  • Feb 12, 2019 5:35pm Feb 12, 2019 5:35pm
Hi Freefox...........just for reference, it appears the indicator may not have picked up the 2 highlighted examples below, unless there is something in the setup to make it so.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #60
  • Feb 12, 2019 6:27pm Feb 12, 2019 6:27pm
Quoting M.Propper
You can't say this way isn't more easy and practical When a setup is detected you can open a second chart for do all the analysis of this world Always better than having 28 crushed charts
28 charts multiplied by 9 timeframes. I tried. but MT4 can only be around 100 ?? charts. OK, 9 MT4 X 28 charts, ........ but will be tight on my VPS ....... Anyway ..... Thanks for this - best - indicator on this strategy !!! I would like to remember a clever Treat commentator. He said: focus on one or two pairs. Now a personal request. or better, a question. does the fox really not have any thoughts on a trend direction ????? Not a small option to select an EMA for long or short ?? Once again, thank you for the best indicator of this strategy Sincerely, M.Propper [/quote]


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