Follow the Candles | Page 5 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

Calculating only buy candles vs sell candles 2 replies

Platform which enables the rewinding of candles 3 replies

Missing candles? 1 reply

I need more candles! 4 replies

Attachments: Follow the Candles
Exit Attachments

Follow the Candles

  • #81
  • Oct 23, 2019 9:35am Oct 23, 2019 9:35am
Quoting mrdfx
{quote} Hi bubincka, man thanks for this trade manager! I'm sure it will help many of us! I see that it picks up all open orders on the account not only the pairs opened for this strategy. Is there a way that it will pick up only the pairs that were opened for this strategy and not other orders opened by other systems or EA's?
Hi mrdfx,

unfortunately atm it's not possible, I always trade every strategy in its own account so I don't mix things up.

If I'll have some spare time I'll add a magic number so that the trade manager could pick up only trades opened by your strategy.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #82
  • Oct 23, 2019 9:59am Oct 23, 2019 9:59am
Quoting skourdi
{quote} Hi I have loaded the indicator but the lime and red color of selected time frames candles are showing as gray. please advise
I have a problem with the indi too ... mine changes colors whenever I change time frames. Renders it pretty useless for obvious reasons. I have no idea who could/would straighten it out.
  • #83
  • Oct 23, 2019 10:09am Oct 23, 2019 10:09am
Hi mrdfx great indicator i have got no problems with the diffrent colors on difrent timeframes the only quetion i have for you is i want the indicator at the bottom of my platformon the left hand side how do i do this
thanks again for a very usefull indicator
  • #84
  • Oct 23, 2019 10:29am Oct 23, 2019 10:29am
This EA will show Current Profit, Highest Profit and Lowest Profit since basket opened. It give you an option to close all trades in basket when target meets. It will only manage the trades that has trade comment as in input.
Attached File(s)
File Type: mq4 BasketPL.mq4   10 KB | 793 downloads
  • #85
  • Oct 23, 2019 1:04pm Oct 23, 2019 1:04pm
Quoting mrdfx
Hey FF! So like myself many traders are reversal traders, always looking for tops and bottoms trying get in as early as possible, but we know that is not as easy as it seems and many times we land up with fake reversals or temporary pullbacks, chasing and adding to losing positions etc etc.. Now I'm sure most of us have heard the sayings that the "trend is your friend", "follow the trend" and "trade with the trend" etc so I gave this some serious thought and came up with an idea that I have been working on for the last 3 months. I know that there...
So, what is that indicator based on ?
Is it from moving average, psar, BB, or what combinations ?
Thanks
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #86
  • Oct 23, 2019 2:16pm Oct 23, 2019 2:16pm
Quoting mrdfx
On Monday night after the first daily close candle of the week I'll post and share my valid pairs for the week.
Hi mrdfx, if MN and W1 are bullish, but the Monday D1 candle is bearish, do you wait the Tuesday candle to check if it's bullish or you don't trade all the week on that pair?

Thanks
  • #87
  • Oct 23, 2019 2:22pm Oct 23, 2019 2:22pm
Quoting bubincka
{quote} Hi mrdfx, unfortunately atm it's not possible, I always trade every strategy in its own account so I don't mix things up. If I'll have some spare time I'll add a magic number so that the trade manager could pick up only trades opened by your strategy. Best regards, Bubincka
Hi bubincka, no worries thanks for your efforts regardless.
Truth is like poetry. And most people f*cking hate poetry.
  • #88
  • Oct 23, 2019 2:58pm Oct 23, 2019 2:58pm
Quoting Shakka
{quote} So, what is that indicator based on ? Is it from moving average, psar, BB, or what combinations ? Thanks
The indicator is only checking the current candle/bar if it is up or down, there is no other indicators or extra code.
Truth is like poetry. And most people f*cking hate poetry.
  • #89
  • Oct 23, 2019 3:00pm Oct 23, 2019 3:00pm
Quoting Alberto_Jazz
{quote} Hi mrdfx, if MN and W1 are bullish, but the Monday D1 candle is bearish, do you wait the Tuesday candle to check if it's bullish or you don't trade all the week on that pair? Thanks
Hi Alberto_Jazz, if the D1 candle is bearish I will not trade that pair. All 4 time frames need to be the same to be valid.
Truth is like poetry. And most people f*cking hate poetry.
  • #90
  • Oct 24, 2019 1:31am Oct 24, 2019 1:31am
Why I am getting a weekly bearish candle showing on the indicator when the last closed weekly candle closed bullish. Has anyone else noticed this? The active candle is slightly bearish but I thought the indy looked at the last closed candle. So a weekly candle colour should only change once a week.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly example.png Size: 107 KB
  • #91
  • Oct 24, 2019 1:36am Oct 24, 2019 1:36am
Quoting mrdfx
{quote} You are complicating things. As I explained in the first post. 2. When? On a Monday night after the first daily candle of the week is closed we will look for any pairs where is a confluence between the trend and all 4 time frames. 3. Any pairs that have the same confluence on all 4 time frames we will open an order in the same direction. That's it, that's all you need to do. Whichever pairs are currently all green or all red you buy or sell, not more complicated than that.
Hi mrdfx,

You stated at the beginning that you wait for the first H4 candle on Tuesday to see how it behaves ( I understood that this candle also should follow the trend indicated by the 4 timeframes alignment ), and after this you open the trades. But you don't wait for the end of that H4 candle ...

Please can you specify one more time: it's all about only the 4 timeframes alignment, or that first H4 candle on Tuesday have any significance in the trading decision ? If the second, which is the meaning of that first H4 candle ?

Cheers
  • #92
  • Oct 24, 2019 2:25am Oct 24, 2019 2:25am
Quoting mrdfx
{quote} Hi bubincka, no worries thanks for your efforts regardless.
Hi mrdfx,

since it was quick and easy I added the parameter "orderComment".

As default it's set to "" (empty string), you can set it to everything you want, e.g. orderComment = "mrdfx", and the trade manager will be able to manage only the trades that have that comment as input.

Best regards,
Bubincka
Attached File(s)
File Type: ex4 MrdfxTradeManager_V1.ex4   15 KB | 705 downloads
Porta itineris dicitur longissima esse
  • #93
  • Oct 24, 2019 9:19am Oct 24, 2019 9:19am
Quoting ozziedave
Why I am getting a weekly bearish candle showing on the indicator when the last closed weekly candle closed bullish. Has anyone else noticed this? The active candle is slightly bearish but I thought the indy looked at the last closed candle. So a weekly candle colour should only change once a week. {image}
The indicator looks at the current candle not previous closed candle.
Truth is like poetry. And most people f*cking hate poetry.
  • #94
  • Oct 24, 2019 9:43am Oct 24, 2019 9:43am
Quoting forexcentric
{quote} Hi mrdfx, You stated at the beginning that you wait for the first H4 candle on Tuesday to see how it behaves ( I understood that this candle also should follow the trend indicated by the 4 timeframes alignment ), and after this you open the trades. But you don't wait for the end of that H4 candle ... Please can you specify one more time: it's all about only the 4 timeframes alignment, or that first H4 candle on Tuesday have any significance in the trading decision ? If the second, which is the meaning of that first H4 candle ? Cheers
Hi forexcentric, I look to open the orders after the first daily candle of the week closes an while the first H4 candle of the new day (Tuesday technically but still Monday night). Yes it is all about the 4 time frames being the same in confluence. The first H4 candle is not any more important that the other 3 time frame candles it only needs to be the same as the others.
Truth is like poetry. And most people f*cking hate poetry.
  • #95
  • Oct 24, 2019 9:45am Oct 24, 2019 9:45am
Quoting bubincka
{quote} Hi mrdfx, since it was quick and easy I added the parameter "orderComment". As default it's set to "" (empty string), you can set it to everything you want, e.g. orderComment = "mrdfx", and the trade manager will be able to manage only the trades that have that comment as input. Best regards, Bubincka {file}
Hi bubincka, thank you for your time and effort. So just to clarify this EA will pick up the manually opened orders? As far as I know you can't add comments to manually opened orders?
Truth is like poetry. And most people f*cking hate poetry.
  • #96
  • Oct 24, 2019 10:04am Oct 24, 2019 10:04am
Sorry for maybe idiotical question, but what will happen when you will enter the trades in friday close?
  • #97
  • Oct 24, 2019 10:14am Oct 24, 2019 10:14am
Quoting mrdfx
{quote} Hi bubincka, thank you for your time and effort. So just to clarify this EA will pick up the manually opened orders? As far as I know you can't add comments to manually opened orders?
Yes, you can add comment in manual orders
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB
  • #98
  • Oct 24, 2019 11:20am Oct 24, 2019 11:20am
Quoting NoNonSenseFX
{quote} Yes, you can add comment in manual orders {image}
Damn we learn something new everyday!

I've never paid attention to that, perhaps cos I don't normally open orders that way I've never seen it lol. Thanks NoNonSenseFX!
Truth is like poetry. And most people f*cking hate poetry.
  • #99
  • Oct 24, 2019 11:57am Oct 24, 2019 11:57am
We making progress on the EA I was telling you about. It should be ready by the weekend hopefully then forward testing for bugs next week and if all goes well I'll upload it for everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-10-24 at 13.53.57.png Size: 172 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #100
  • Edited 7:24pm Oct 24, 2019 12:22pm | Edited 7:24pm
Alright, I have a question.

If I understand the indicator correctly, it tells you the color of the current candle on a specific TF (not 100% sure if I'm correct).
So you open your trades after Monday's daily close candle and during the first 4 hour candle of Tuesday.

If this is all true, during the first 4hrs of Tuesday, won't the first 4hr candle of Tuesday and Tuesday's daily candle always be the same color?
If yes, why do we need to use 4hr timeframe in the indicator?
1 trader viewing now