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  • #81
  • Apr 18, 2019 11:48am Apr 18, 2019 11:48am
Quoting wolf300
{quote} Realy cool astonbraham !!! Good to see that this thread isn`t only entertainment (a nice part for me though) people making money with the indis, yesss.... strike. Al worth the fun and pointing to easy PA with the bears and the bulls (with pants down now) I only hope that , the father of these babies is getting well soon and it pays off for him too.
All this is also thanks to you! wolf300, rpasupathy and hanover for his great dashboard!
Prompt recovery to IceRice!
  • #82
  • Edited 1:35pm Apr 18, 2019 1:05pm | Edited 1:35pm
Hello,

I do not post much (and sometimes I stay away from forexfactory forums, so as to not get distracted with so much info...), but I came across this today, by hazard, and....

The v.2 is exactly one of my rules (!!) that I look for in some entries...

Thanks to the thread creator and to the developers.

I'd prefer a version without the dots, just leaving the arrows, so as to not get the chart cluttered.

If that is possible, thanks again, if not, this is good already.

Edition:
Playing around with the indie...you just have to make colour "none" for the dots (the 2 last of tha tab colors).
So , my request is redundant...sorry.

This is very good - I would only have the arrows smaller (or a way for us to determine various sizes, I know it's possible).
But again, thank you to all the contributors.
  • #83
  • Apr 18, 2019 5:39pm Apr 18, 2019 5:39pm
Quoting FxMachina
Hello, I do not post much (and sometimes I stay away from forexfactory forums, so as to not get distracted with so much info...), but I came across this today, by hazard, and.... The v.2 is exactly one of my rules (!!) that I look for in some entries... Thanks to the thread creator and to the developers. I'd prefer a version without the dots, just leaving the arrows, so as to not get the chart cluttered. If that is possible, thanks again, if not, this is good already. Edition: Playing around with the indie...you just have to make colour "none" for...
Hi FxMachina,

nice to hear that v 02 matches your trading style.

Here is the indi with smaller arrows, dots are same sice, but you know already to hide them. Please try if arrows are ok and let me know.

Attached File(s)
File Type: mq4 consecutive candles 1_02.mq4   6 KB | 485 downloads
  • #84
  • Apr 18, 2019 7:04pm Apr 18, 2019 7:04pm
someone wants to post a good looking template ?
  • #85
  • Apr 19, 2019 2:12am Apr 19, 2019 2:12am
Quoting wolf300
{quote} Hi FxMachina, nice to hear that v 02 matches your trading style. Here is the indi with smaller arrows, dots are same sice, but you know already to hide them. Please try if arrows are ok and let me know. {file}
Hi Wolf300,

That's it, great job.

Thanks again.
  • #86
  • Edited 4:43am Apr 19, 2019 4:10am | Edited 4:43am
This is the original idea of the indicator. (Version 02 )

Low AND close is lower than last candles low (stronger PA)

If you get an arrow and a dot at the same time (thanks to IceRice) you see a change of direction,
if you only get a dot, consecutive candle with power followed.

Attached Image



Version 01 can show this pic too but as it was the first step in the development, it shows the "weaker" PA lower low but NOT lower close than last low.

Yes, if you use the "Trick" to put 02 above 01 you get "redundant" signals, but you get a signal too, if 02 doesn`t trigger, but PA is still good.

Another advantage is, when using the trick, you get situations where change of direction shown by 01 will be confirmed by 02 with even stronger PA.

You can use one of them or both, it is up to you. Play around with it and you see what I mean.
  • #87
  • Apr 19, 2019 4:57am Apr 19, 2019 4:57am
Hello again,

I know that sometimes, in these threads, when many people start throwing in ideas, things can get a bit messy, and the indicators too confusing.

I don't want to do that, so if the thread starter and/or the developers do not want to consider what I suggest below, it's ok with me.

But I do not think what I am about to say makes things more confusing - in fact it is supposed to filter out some arrows.

So I suggest that a 3rd version could be created, on top of v.2.

So Version 2 rules still apply, but also:

- The arrow would only appear if the close is also above/below the last (or previous) "other colour" candle H or L, regardless of when that last other colour candle occured (if immediatly before or some candles ago) or its size or type (that analysis will still have to be made by the trader).

So it would be:
- BUY ARROW
On a bullish candle that, on top of version 2 rules, also closes above the last bearish candle H.
- SELL Arrow
On a bearish candle that, on top of version 2 rules, also closes below the last bullish candle L.

This will filter out some of the V2 arrows, at the expense (as always) of maybe appearing later.
In fact, I haven't figured out which is better, the V2 as it is or with the added rules I suggest here.

After all, as we know, there is no perfect solution or indicator - it is just a help, and the trader has to analyse and decide to enter or not based on other criteria.
  • #88
  • Apr 19, 2019 7:01am Apr 19, 2019 7:01am
Quoting FxMachina
Hello again, I know that sometimes, in these threads, when many people start throwing in ideas, things can get a bit messy, and the indicators too confusing. I don't want to do that, so if the thread starter and/or the developers do not want to consider what I suggest below, it's ok with me. But I do not think what I am about to say makes things more confusing - in fact it is supposed to filter out some arrows. So I suggest that a 3rd version could be created, on top of v.2. So Version 2 rules still apply, but also: - The arrow would only appear...

Hi FxMachina,

don`t worry your idea matches perfect to this development, as long as people don`t come around with bollinger bands, or other non related stuff, every idea or thought is worth to discuss.

Actually I was thinking (while watching the charts) about your idea too, in the beginning.

BUT.... there is always a big BUT, (they even made a song out of it, years ago)....

...even stage 2 (version 02) shows very strong PA which mostly didn`t last THAT long without counter fight of the opposite party.

There are situations where your idea is brillant and if an alert of 02 triggers and you go to the pair, you can check out if it is just 02 or even your idea, "by eye".

What realy would be cool, is a dashboard with pairs to choose (just those you trade), TF`s to choose, version 01 or 02 to choose.
Imagine H4 triggers after close and you wait to join in with your M15 version 01 or 02 on the chart and go into the trend of H4.

I tried to change Hanovers dashboard, but (see a "but" again), I am not a code-zilla and couldn`t even manage reducing TF`s and pairs.
  • #89
  • Apr 19, 2019 7:05am Apr 19, 2019 7:05am
Hello rpasupathy,

the generous owner of this thread (thanks again),

could you please edit one of your first posts with big red letters,

that your thread had been raped and point people to another version of your idea on post 73?

That way people don`t have to read all the developing stuff and understand quickly what is going on.

That would be very nice of you. Many green pips to you!!
  • #90
  • Apr 19, 2019 7:38am Apr 19, 2019 7:38am
Hi Wolf,

Edited my first post ... let me know if its fine ....

I am not the owner of this thread .... its our thread and belongs to all the generous contributors...

Cheers


Quoting wolf300
Hello rpasupathy, the generous owner of this thread (thanks again), could you please edit one of your first posts with big red letters, that your thread had been raped and point people to another version of your idea on post 73? That way people don`t have to read all the developing stuff and understand quickly what is going on. That would be very nice of you. Many green pips to you!!
The One Who Makes The Thunder Roar Also Hears A Butterfly Sigh - Ruzbeh
  • #91
  • Apr 19, 2019 7:39am Apr 19, 2019 7:39am
Thanks for all to involve in project and interesting suggestions. It looks like a big social initiative to buid an effective strategy.

It's time to test our first version of EA based on consecutive candles indicator.

I have released the version 1.03 of indicator and this version is using by EA. Code is the same as 1.02 but only add param ShowDots to show/hide dots on chart the same as arrows.

And now it's time to present EA Consecutive Candles. EA is opening trades with wolf300 rules:
- open BUY at up arrow what is higher than previous one
- open SELL at down arrow what is lower than previous one

EA has some basic settings like:
Lot - lots size
Stop Loss / Take Profit - SL & TP in pips (0 - means no set SL/TP)
Close On Opposite Signal - if set to TRUE, than close all o BUY orders on SELL signal and vice versa
Open On Each Dot - if indicator's dot is higher (for BUY) or lower (for SELL) than last order's open price than EA open next order (multiple orders)

EA has also Break Even option and Trailing Stop.

Test EA with different symbols, timeframes and configurations and let me know your results.
Let me also know if anyone will see any error or have any interesting idea how to improve it.

I did not expect such popularity of thic topic and I see that we are able to build an interesting EA together. I'm ready for further improvements of this idea.
Attached File(s)
File Type: ex4 consecutive candles 1_03.ex4   14 KB | 509 downloads
File Type: mq4 consecutive candles 1_03.mq4   6 KB | 528 downloads
File Type: ex4 EA Consecutive Candles.ex4   27 KB | 484 downloads
  • #92
  • Apr 19, 2019 8:14am Apr 19, 2019 8:14am
Good to see you back IceRice,

I hope you are feeling better

Thank you for all the work you did, while having health problems, you are the man
  • #93
  • Apr 19, 2019 8:41am Apr 19, 2019 8:41am
Quoting rpasupathy
Hi Wolf, Edited my first post ... let me know if its fine .... I am not the owner of this thread .... its our thread and belongs to all the generous contributors... Cheers {quote}
Thank you very much,

that makes it more handy for new visitors and regular visitors too. ...is...
  • #94
  • Apr 19, 2019 8:48am Apr 19, 2019 8:48am
Quoting wolf300
{quote} Hi FxMachina, don`t worry your idea matches perfect to this development, as long as people don`t come around with bollinger bands, or other non related stuff, every idea or thought is worth to discuss. Actually I was thinking (while watching the charts) about your idea too, in the beginning. BUT.... there is always a big BUT, (they even made a song out of it, years ago).... ...even stage 2 (version 02) shows very strong PA which mostly didn`t last THAT long without counter fight of the opposite party. There are situations where your idea...
Hi Wolf,

Yeap, it can be tricky, because sometimes several arrows on opposite directions appear close to each other - this has to be filtered in another way.

And yes my rule for a third version can be checked by eye - sometimes I do it.

The dashboard you mention can help, as one way to filter is in fact having a higher TF showing an arrow in the same direction (which can also be checked by eye, but doing it on several pairs a dashboard helps).

Anyway, this is nice already, and this thread seems to be going well.
  • #95
  • Apr 19, 2019 8:56am Apr 19, 2019 8:56am
Quoting wolf300
Good to see you back IceRice, I hope you are feeling better Thank you for all the work you did, while having health problems, you are the man
Yes, it is much better Holidays are now starting so I hope will rest and finally recover and back to work with enthusiasm in Tuesday.
  • #96
  • Apr 19, 2019 8:57am Apr 19, 2019 8:57am
Quoting FxMachina
Hello again, I know that sometimes, in these threads, when many people start throwing in ideas, things can get a bit messy, and the indicators too confusing. I don't want to do that, so if the thread starter and/or the developers do not want to consider what I suggest below, it's ok with me. But I do not think what I am about to say makes things more confusing - in fact it is supposed to filter out some arrows. So I suggest that a 3rd version could be created, on top of v.2. So Version 2 rules still apply, but also: - The arrow would only appear...
FxMachina, I will consider your suggestions in the next week. Now let's test EA with current version of indicator.
  • #97
  • Apr 19, 2019 9:13am Apr 19, 2019 9:13am
Quoting IceRice
{quote} FxMachina, I will consider your suggestions in the next week. Now let's test EA with current version of indicator.
Hi IceRice,

Okiedokie, no stress, that's a good idea.

I already have your EA running on a demo account, on GbpUsd H1. Today (and next monday) is not a good day for trading, but I'll leave it running.

I would have several ideas to add to the EA and filter some potential entries, but I will refrain from doing that now.

Have a nice easter holiday period.

(E boa recuperação )
  • #98
  • Apr 19, 2019 1:11pm Apr 19, 2019 1:11pm
Hi everyone, what an interesting thread. I have just attached the v03 to a chart and spent some time just walking through the strategy, going back several weeks and plotting the various possible trades is very interesting. Thank you so much for all of the contributions so far to get this to where it is.
I am not sure that i will be able to contribute much in the way of enhacing it but I am very interetsed to see where it goes and will post some results next week.

have a great weekend everyone.
Just trying to put a kiss on the cheek of success
  • #99
  • Apr 19, 2019 5:08pm Apr 19, 2019 5:08pm
Quoting cfudge
I have been looking at this for days now trying to discern a way to only trade good quality arrows. I am posting this without looking at any other trades but the ones shown, I am excited at this finding and will test further over the weekend...if it does not work out I will delete this post. This is what I have come up with today. I am not trying to add a bunch of indicators, unnecessarily, rather trying to use the arrows as a confirmation indicator the Williams Percent as a second confirmation indicator Alligator as a third confirmation indicator...
Hi cfudge, looks like you have managed to make the system just that little bit clearer, lets see what happens next week.
Just trying to put a kiss on the cheek of success
  • #100
  • Apr 19, 2019 5:39pm Apr 19, 2019 5:39pm
Quoting cfudge
I have been looking at this for days now trying to discern a way to only trade good quality arrows. I am posting this without looking at any other trades but the ones shown, I am excited at this finding and will test further over the weekend...if it does not work out I will delete this post. This is what I have come up with today. I am not trying to add a bunch of indicators, unnecessarily, rather trying to use the arrows as a confirmation indicator the Williams Percent as a second confirmation indicator Alligator as a third confirmation indicator...
Hi cfudge,

I never cared much about alligator, so I've never played with its settings, and what you are showing really looks very good in hindsight, but...

That -3 shift is not realistic, since when you go the the current period...the alligator isn't there...

So if you get a signal from the indicator of this thread, the alligator is 3 periods back, and it does not help.

Putting the shift at 0, does filter some arrows though...so it can still be interesting.
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