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3 Bar Fractal Break

  • #101
  • Mar 12, 2020 2:23am Mar 12, 2020 2:23am
Daily candle 4 has its low in gold, once a h4 candle closes below it take the trade and place stop loss above bearish pinbar, this trade will be big
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  • #102
  • Mar 12, 2020 3:03am Mar 12, 2020 3:03am
quick 1200 points ( 120 pips ) on DAX
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  • #103
  • Mar 12, 2020 3:56am Mar 12, 2020 3:56am
I can see where this could fit in with what I’m doing, while watching the 4 hour candles during the week, especially when the pattern is clear

Green line is 4 week / 20 days High



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It takes a lot for me to IGNORE you, but you can try.
  • #104
  • Mar 12, 2020 4:48am Mar 12, 2020 4:48am
Another 600 points on DAX (60 PIPS)
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  • #105
  • Mar 12, 2020 4:48am Mar 12, 2020 4:48am
Quoting dazjw2311
quick 1200 points ( 120 pips ) on DAX {image} {image}
Hello dazjw2311,

I made an indicator for your setup. I think it needs more fine tuning.

Please let me know your comments.


Br, luis
Attached File(s)
File Type: mq4 1234pattern.mq4   3 KB | 1,192 downloads
  • #106
  • Mar 12, 2020 4:52am Mar 12, 2020 4:52am
im done for the week 360 pips net for the week

Not bad hey- ive shown my trades and losses on Audcad . all my trades were before the fact. Hope you all are liking this.
  • #107
  • Mar 12, 2020 4:53am Mar 12, 2020 4:53am
Quoting Erebus
I can see where this could fit in with what I’m doing, while watching the 4 hour candles during the week, especially when the pattern is clear Green line is 4 week / 20 days High {image}
Can you explain what you do in more detail buddy? PM . looks interesting
  • #108
  • Mar 12, 2020 4:56am Mar 12, 2020 4:56am
Quoting dazjw2311
{quote} Can you explain what you do in more detail buddy? PM . looks interesting
It’s all explained right next door in the Simple Monday Tuesday System thread

Come on over
It takes a lot for me to IGNORE you, but you can try.
  • #109
  • Mar 12, 2020 5:11am Mar 12, 2020 5:11am
Anyone take this from the signal yesterday? Cant believe i missed it
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  • #110
  • Mar 12, 2020 5:13am Mar 12, 2020 5:13am
Quoting dazjw2311
{quote} Can you explain what you do in more detail buddy? PM . looks interesting
Hi,

For sell :

1 -I search patterns with LH related to the middled candle.
2 -set level1 to low of 3rd candle
3- If any clandle break level1 set leve2 to low of this candle
4-If any candle breaks the level2 I set a Arrow down

before 4th step if any candle breaks the high of middle candle i reset the pattern search.

Vice versa for buy.

Please test it and give feedback.

br, Luis
  • #111
  • Mar 12, 2020 5:29am Mar 12, 2020 5:29am
Quoting LuisCarlosF
{quote} Hello dazjw2311, I made an indicator for your setup. I think it needs more fine tuning. Please let me know your comments. Br, luis {file}
Hi luis , Thanks for the indi,so we just basically sell/buy after the arrow?.

Cheers
Early bird gets the worm
  • #112
  • Mar 12, 2020 5:52am Mar 12, 2020 5:52am
Quoting dazjw2311
Anyone take this from the signal yesterday? Cant believe i missed it {image} {image}
Mate so you wait for the close of a bar before you take the trades on the entry time frame. Not a break of the 4 candle but a close below of the 4 candle?
  • #113
  • Mar 12, 2020 6:12am Mar 12, 2020 6:12am
Quoting dazjw2311
Please see picture for rules https://i.imgur.com/qstXVuc.png Very simple and very powerful. Huge expansion once high of bar 4 is breached. My entry is based from 5m chart price action, enter on m1 when one minute candle closes above bar 4 on m5 chart. +++++++++CAN ANY PROGRAMMER CREATE AN ALERT FOR THIS PATTERN. WOULD GIVE AMAZING SET UPS ON HIGHER TIME FRAME++++++++++++ {image}
Hi Dazjw2311,

Here is a EA which you can use as alert when ever price break above/below your pref candle, you can also set the break by X of pips before its gives on screen alert.

You can use the EA to also open trade trade based on your same condition,just play around the EA and will get the grip on it.

Cheers.
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 MegaBreaker.ex4   16 KB | 1,106 downloads
Early bird gets the worm
  • #114
  • Mar 12, 2020 6:39am Mar 12, 2020 6:39am
Hi everybody... nice strategy. sorry for my english if I'm wrong to write I would like to know if I understand correctly this strategy. I'm looking for the setting 1234 in 5m, and enter when the candle on m1 closes upside/down min/max 4 candle on 5m ?
  • #115
  • Edited 8:53am Mar 12, 2020 7:55am | Edited 8:53am
Quoting dazjw2311
guys please read the rules, i just require a 3 bar fractal. 2 lower highs , 2 higher lows , i never mentioned about any of the candles being a bull candle etc!!! do people actually read the thread? ANYWAY, I MADE 2 LOSSES YESTERDAY ON AUDCAD BECAUSE I NEVER KEPT TRADE 1 IN ( BEARISH SIGNAL) MY STOP WOULD NOT OF BEEN HIT ( NO WHERE NEAR ) NOW ITS MOTORING TO INTITIAL TP. THIS METHOD WORKS IF YOU KEEP TO RULES AND I NEVER DONE THAT YESTERDAY. MY MONEY MANAGEMENT MEANS I AM STILL IN PROFIT FOR THE WEEK ON 2 WINS AND 2 LOSSES. I MADE AN HORRIFFIC MISTAKE...
If it is a 3 bar fractal with any bar followed by 2 higher highs or 2 lower lows , so then in your diagram candle 1 is irrelevant and does not need to be labeled?

OR it needs the pattern 1 lower low followed by 2 higher highs // 1 higher high followed by 2 lower lows? (which would need 4 labeled candles)

I know it's frustrating but a human brain can handle all these small details without even noticing that they are there. When coding there are always 100 small details to work out because computers are dumb.

Incidentally I hope it's the second one because otherwise your indicator is going to give you way too many signals.
  • #116
  • Mar 12, 2020 8:49am Mar 12, 2020 8:49am
In fact even then it occurs too often to be significant. I found 3 matches that you excluded from your original example and here's what I found just examining a random day on H1 EU before I gave up. This pattern occurs all the time.

Attached Image


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So you're selecting these examples based on some (unwritten) criteria even though you might not realize it. I suspect it's based on the steepness of the run that preceded the 3 bar fractal. Until you can specify further this is going to have to remain manual/subjective/discretionary.
  • #117
  • Mar 12, 2020 9:46am Mar 12, 2020 9:46am
Quoting clemmo17
In fact even then it occurs too often to be significant. I found 3 matches that you excluded from your original example and here's what I found just examining a random day on H1 EU before I gave up. This pattern occurs all the time. {image} {image} So you're selecting these examples based on some (unwritten) criteria even though you might not realize it. I suspect it's based on the steepness of the run that preceded the 3 bar fractal. Until you can specify further this is going to have to remain manual/subjective/discretionary.
Yes thats why you wait for the bar 4 to breach, most of your examples show that pattern but it has not breached. Its working very well, so whisking through a h1 chart with out trial and error doesnt clarify you are right, ive been back testing this and now entering, you have seen my before and afters, i am going to elaborate more but putting a negative spin on something without even trying it or even reading the rules properly is being naive
  • #118
  • Mar 12, 2020 9:48am Mar 12, 2020 9:48am
Quoting LuisCarlosF
{quote} Hello dazjw2311, I made an indicator for your setup. I think it needs more fine tuning. Please let me know your comments. Br, luis {file}
69 TRADERS HAVE DOWNLOADED AND NOT A SINGLE REVIEW,how sad?

i think it needs a line to be drawn to seen the breakout of the candle # 4
  • #119
  • Mar 12, 2020 9:53am Mar 12, 2020 9:53am
Quoting dazjw2311
{quote} Yes thats why you wait for the bar 4 to breach, most of your examples show that pattern but it has not breached. Its working very well, so whisking through a h1 chart with out trial and error doesnt clarify you are right, ive been back testing this and now entering, you have seen my before and afters, i am going to elaborate more but putting a negative spin on something without even trying it or even reading the rules properly is being naive
I'm not being negative at all. I'm sure it works I just want to understand how you are selecting your entries. The only thing I'm negative about is the chance of turning this into an indicator that will satisfy you because you are using criteria that I don't know about.
  • #120
  • Mar 12, 2020 10:26am Mar 12, 2020 10:26am
Quoting LuisCarlosF
{quote} Hello dazjw2311, I made an indicator for your setup. I think it needs more fine tuning. Please let me know your comments. Br, luis {file}
Small improvement from previous version,

Still some fake signals.
Attached File(s)
File Type: mq4 1234pattern_v1.mq4   4 KB | 1,309 downloads
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