Japanese Candlestick Patterns EA | Forex Factory

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Japanese Candlestick Patterns EA

  • #1
  • First Post: Dec 18, 2014 4:40pm Dec 18, 2014 4:40pm
Hello folks,

I've been working on an EA that trades depending on candlestick patterns. The following are the patterns that this EA work on:

  1. Bearish:

  1. Shooting Star
  2. Evening Star
  3. Evening Doji Star
  4. Dark Cloud Cover
  5. Bearish Engulfing

  1. Bullish

  1. Bullish Hammer
  2. Morning Star
  3. Morning Doji
  4. Piercing Line
  5. Bullish Engulfing

It's still not showing satisfactory results and needs a lot of improvements and optimization. Back-testing on H1, H4 and daily show either very small profits or small loses. So I am asking for the public help. Any adjustments or improvements are highly appreciated.

Here are some of the bugs that need to be fixed: (UPDATED FREQUENTLY)

  1. EA places order as soon as the EA is attached to chart. Seems that it looks for the last pattern even if it is outdated.
  2. 4 and 5 digits pips broker need to be fixed.

Attached File(s)
File Type: mq4 Candlestick Pattern.mq4   17 KB | 5,323 downloads
  • #2
  • Aug 3, 2016 2:30am Aug 3, 2016 2:30am
Very interesting
No tree, it is said, can grow to heaven unless its roots reach down to hell
  • #3
  • Nov 23, 2017 8:06pm Nov 23, 2017 8:06pm
Really interesting, any development on this EA?
  • #4
  • Feb 2, 2019 1:14pm Feb 2, 2019 1:14pm
Quoting habboubih
Hello folks, I've been working on an EA that trades depending on candlestick patterns. The following are the patterns that this EA work on: Bearish: Shooting Star Evening Star Evening Doji Star Dark Cloud Cover Bearish Engulfing Bullish Bullish Hammer Morning Star Morning Doji Piercing Line Bullish Engulfing It's still not showing satisfactory results and needs a lot of improvements and optimization. Back-testing on H1, H4 and daily show either very small profits or small loses. So I am asking for the public help. Any adjustments or improvements...
Hi,
Very interesting, I am a trader and candlestick patterns in their own don't provide great rewards. Either use support and resistance or the the is donchian indicator. This indicator is great. Can use it for breakout or support. If candlestick pattern is on donchian line then it will reverse
  • #5
  • Feb 26, 2019 3:39am Feb 26, 2019 3:39am
Quoting Rossie6w
{quote} Hi, Very interesting, I am a trader and candlestick patterns in their own don't provide great rewards. Either use support and resistance or the the is donchian indicator. This indicator is great. Can use it for breakout or support. If candlestick pattern is on donchian line then it will reverse
do you use any other indicator other than dochian line?
  • #6
  • Apr 16, 2019 12:57am Apr 16, 2019 12:57am
Thanks for your EA friend.

This one trades each candlestick, with adjustable TP, Lot Size etc etc

Thanks
Attached File(s)
File Type: ex4 EachCandle.ex4   8 KB | 1,719 downloads
  • #7
  • Last Post: Dec 5, 2020 8:17pm Dec 5, 2020 8:17pm
Quoting habboubih
Hello folks, I've been working on an EA that trades depending on candlestick patterns. The following are the patterns that this EA work on: Bearish: Shooting Star Evening Star Evening Doji Star Dark Cloud Cover Bearish Engulfing Bullish Bullish Hammer Morning Star Morning Doji Piercing Line Bullish Engulfing It's still not showing satisfactory results and needs a lot of improvements and optimization. Back-testing on H1, H4 and daily show either very small profits or small loses. So I am asking for the public help. Any adjustments or improvements...



Thanks for the contribution, I will try to adjust the defects mentioned, and maybe improve the EA
Thanks for the contribution, I will try to adjust the defects mentioned, and maybe improve the EA
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