Follow the Candles | Page 24 | 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

  • #461
  • Dec 8, 2019 12:30pm Dec 8, 2019 12:30pm
Consider punching your pairs (and directions in which you will trade them +/-) into this indicator to time your entries better. And yes, your coder can very easily work this indicator into your EA by simply timing the entry with the next change of candle colour of the built in HAS function, in the TF of your choice.

Cheers,

Lee
Fix your thoughts on what is true, and honorable, and right, and pure...
  • #462
  • Dec 9, 2019 12:18am Dec 9, 2019 12:18am
Quoting TrkgSailor
tuxTrader - you are correct with both statements, per se. But you might be missing my (and Kefmawin) point - that the short-term shot resulting from a Red News could go 50:50 in any direction, after you've committed with a basket open. Two weeks ago the AUD's Red News went against our committed basket, and took the NZD-pairs with it = bad-luck. This week the AUD Red News (and NZD-pairs) just so happen (50:50) to be in the same direction as the longer trend and committed basket = good-luck. Hence the idea to wait until after such early Red News before...
You are on point my brother. When people fail to heed this simple warning on AUD Red News!, They do so to their own detriment. It is not even a subject for argument. Its a wise decision to factor it in our trade. Where such AUD Red news applies, simply trade available pairs without the AUD and NZD. Then watch the deviation of the the news figure from expected figure in order to ascertain the direction of the market in order to add them to the basket
Cheers
  • #463
  • Dec 9, 2019 2:46am Dec 9, 2019 2:46am
I'm actually running this Monday to Friday. And checking at Friday close what the overall profit is

I've already hit TP today. I'm simply checking weekly to see if I'm up overall,bigger and better picture will obviously be monthly results and an overall year profit. I've literally just set it it and forgot it with 1.3. all working as it should. Thank you
  • #464
  • Dec 9, 2019 8:11pm Dec 9, 2019 8:11pm
This week's basket is live with only 6 pairs this week.

Lets see how it goes.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-12-09 at 23.04.54.png Size: 62 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #465
  • Dec 9, 2019 8:37pm Dec 9, 2019 8:37pm
I think the EA gives different pairs compare to the indicator you gave.Can i use the EA to see the pairs and trade manually?Is that possible?
Am waiting for your answer
  • #466
  • Dec 9, 2019 9:15pm Dec 9, 2019 9:15pm
Hi, my basket is live with 10 pairs:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 24 KB
  • #467
  • Dec 10, 2019 3:28am Dec 10, 2019 3:28am
My TP hit. But only had 7 pairs on my IC Market Demo, could of been a broker / demo difference.

Everything worked as expected. Thanks again!
  • #468
  • Dec 10, 2019 5:28am Dec 10, 2019 5:28am
Quoting kingpat
I think the EA gives different pairs compare to the indicator you gave.Can i use the EA to see the pairs and trade manually?Is that possible? Am waiting for your answer
The indicator and EA use the exact same code so there is no difference with the pairs between them.

It is not possible to use the EA to trade manually, it is an EA not an indicator.
Truth is like poetry. And most people f*cking hate poetry.
  • #469
  • Edited 7:39am Dec 10, 2019 5:39am | Edited 7:39am
I set up the EA to check the H1, H4, D1, W1 candles and I'm going to start it at the H4 candle after London Opens. On my broker the H4 candle ends 2 hours after London Opens. If I start the EA at the beginning of that H4 candle I will have 2 H1 candles that have formed after the London Opens. This should give me enough candles for a decent signal. The only issue that I'm having right now is toooo many signals. Too bad there isn't a way to detect trend strength and then have an input for "max trades" and have them in order according to their Trend Strength. I will continue to tinker and see if I can find another winning preset.
  • #470
  • Dec 10, 2019 7:32am Dec 10, 2019 7:32am
Quoting mrdfx
This week's basket is live with only 6 pairs this week. Lets see how it goes. {image}
+10% TP hit!

This week I increased the TP from 5% to 10% as I have started using the trailing stop. The trailing stop will start once the basket reaches +5% and trail by 1%.

This week was great and with only 6 pairs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2019-12-10 at 10.29.11.png Size: 119 KB
Click to Enlarge Name: Screenshot 2019-12-10 at 10.29.29.png Size: 63 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #471
  • Dec 10, 2019 7:46am Dec 10, 2019 7:46am
So when you set the trailstop to start at 3% with a 1% trailstop.......does that mean that the SL will be moved to BE at 3% and then trail with a 1% trail at that point?
  • #472
  • Dec 10, 2019 9:07am Dec 10, 2019 9:07am
Quoting bojack34
So when you set the trailstop to start at 3% with a 1% trailstop.......does that mean that the SL will be moved to BE at 3% and then trail with a 1% trail at that point?
Yes correct that's how it works.
Truth is like poetry. And most people f*cking hate poetry.
  • #473
  • Dec 10, 2019 12:22pm Dec 10, 2019 12:22pm
Quoting mrdfx
{quote} Please see attached a new version 1.3! This version has the trailing stop fixed and has been tested working. This is now the most current and bug free version until someone picks up something funky happening lol. As always please test on demo first if you will use this EA until I have confirmed it is 100% working. Thanks! Post 1 updated! {file}
Hi mrdfx, thank you again for great work.
the new version works great without error. but as a request, is it possible to add recovery system to EA for when it has been removed/re-attached from/to chart, it detects opened orders by itself and manages them ?
  • #474
  • Dec 10, 2019 12:48pm Dec 10, 2019 12:48pm
Quoting tuxTrader
Hi, my basket is live with 10 pairs: {image}
It's the sixth consecutive week with profit:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB


thank you mrdfx
  • #475
  • Dec 10, 2019 1:29pm Dec 10, 2019 1:29pm
Quoting tuxTrader
{quote} Hi mrdfx, thank you again for great work. the new version works great without error. but as a request, is it possible to add recovery system to EA for when it has been removed/re-attached from/to chart, it detects opened orders by itself and manages them ?
Hi tuxTrader, if the EA get removed for whatever reason and reattached the EA will pick up the orders and continue managing them if you use the same magic number.
Truth is like poetry. And most people f*cking hate poetry.
  • #476
  • Edited 4:14pm Dec 10, 2019 3:50pm | Edited 4:14pm
hey mrdfx

another successful week for me as well, thanks!

im trying to set up the tp/sl/trailling using the points feature. can you plase clarify if the points metric being used is something like 10x pip value?

thanks, blam
  • #477
  • Dec 10, 2019 4:57pm Dec 10, 2019 4:57pm
Quoting blamshakk
hey mrdfx another successful week for me as well, thanks! im trying to set up the tp/sl/trailling using the points feature. can you plase clarify if the points metric being used is something like 10x pip value? thanks, blam
Hi blamshakk, points works pretty much the same as pips but in a smaller denomination, for example; 1 pip = 10 points, 10 pips = 100 points, etc.
Truth is like poetry. And most people f*cking hate poetry.
  • #478
  • Dec 10, 2019 5:41pm Dec 10, 2019 5:41pm
Hy and sorry for question...could be possibile and useful for future think to add a kind of portion balance or equities for Ea money management?
I mean for ex I've 100.000$ but I want use Ea just considering 1.000$ as balance and use lot size and tp and al related to that 1.000 portion...
Stupid idea?
Regards
  • #479
  • Dec 11, 2019 1:43am Dec 11, 2019 1:43am
hi mrdfx, please check your pm.
thank you
  • #480
  • Dec 11, 2019 3:48am Dec 11, 2019 3:48am
Quoting kofix11
{quote} Have you used EA's standard settings?

sorry for late reply, I just changed the trading time a few minutes which you can see in the pictures that I posted.
2 traders viewing now, 1 is registered:
Slingshots1