Attachments: 3 Bar Fractal Break

3 Bar Fractal Break

#181
Mar 13, 2020 5:01pm Mar 13, 2020 5:01pm

babakk
| Joined Oct 2009 | Status: Trader | 23 Posts

Attached Image

#182
Mar 13, 2020 6:59pm Mar 13, 2020 6:59pm

ForexKiwi
| Joined Nov 2009 | Status: Trader | 130 Posts

Quoting clemmo17

Disliked

Here is my take on the indicator.

Ignored

Great effort with this indi Clemmo. Just a little tweak to ensure it follows the candle 4 break rule (as per babakk's post directly before this one) would see it following closer to the rules. Thanks for your hard work with this.

#183
Mar 13, 2020 7:09pm Mar 13, 2020 7:09pm

T4Trade
Joined Sep 2017 | Status: Trader | 2,692 Posts

out of all three indies ,i like luis indicator better than others.

#184
Mar 13, 2020 7:28pm Mar 13, 2020 7:28pm

clemmo17
Joined Jul 2016 | Status: Trader | 2,534 Posts

Quoting Inthebox

Disliked

{quote} What a fantastic job you have done here. Thank you for your hard work. Generally it works well. There's a minor thing that I spotted in the chart. I have changed the 'IgnoreCandle Taller Than' to 200 (does it mean 20 pips for a 5 digit mt4 platform?) A red horizontal line was drawn on bar 4, even though it did not break bar 3. While on the left of the chart, a red horizontal line was drawn on a tall bar 4. Probably it's just minor. Win rate could improve if sell signal only to be taken below a moving average. Once again great work. {image}...

Ignored

Yes, lines are drawn whether they are broken or not, but only bars with lines that get broken should have arrows.
The measurements are in points so 200 = 20 pips.

#185
Mar 13, 2020 8:38pm Mar 13, 2020 8:38pm

clemmo17
Joined Jul 2016 | Status: Trader | 2,534 Posts

Quoting ForexKiwi

Disliked

{quote} Great effort with this indi Clemmo. Just a little tweak to ensure it follows the candle 4 break rule (as per babakk's post directly before this one) would see it following closer to the rules. Thanks for your hard work with this.

Ignored

Can you please post a screenshot where it is not following the rule?

#186
Mar 13, 2020 9:00pm Mar 13, 2020 9:00pm

ForexKiwi
| Joined Nov 2009 | Status: Trader | 130 Posts

Quoting clemmo17

Disliked

{quote} Can you please post a screenshot where it is not following the rule?

Ignored

Sure here is one example I found. Candle 4 needs to break candle 3.

Attached Image

#187
Mar 13, 2020 9:22pm Mar 13, 2020 9:22pm

clemmo17
Joined Jul 2016 | Status: Trader | 2,534 Posts

Thanks, that does look like an invalid setup. I will look into it.

#188
Mar 13, 2020 9:22pm Mar 13, 2020 9:22pm

T4Trade
Joined Sep 2017 | Status: Trader | 2,692 Posts

Quoting ForexKiwi

Disliked

{quote} Sure here is one example I found. Candle 4 needs to break candle 3. {image}

Ignored

NO ,this is incorrect,it is an invalid setup of 4,this finishes at 3 candles,the 4th candle body should open cross the 3rd candle body,and this particualr setup would have been buy,so the sell line and sell arrow is also incorrect.

#189
Mar 13, 2020 10:15pm Mar 13, 2020 10:15pm

Inthebox
Joined Jun 2010 | Status: Trader | 16,699 Posts

Quoting T4Trade

Disliked

{quote} NO ,this is incorrect,it is an invalid setup of 4,this finishes at 3 candles,the 4th candle body should open cross the 3rd candle body,and this particualr setup would have been buy,so the sell line and sell arrow is also incorrect.

Ignored

he was referring to this that it is incorrect. the pink box covered the apex.
bar 4 line was drawn even though it did not break bar 3 low.

Attached Image

ITB - Seeing Orderliness amongst 'Randomness'

#190
Mar 13, 2020 11:43pm Mar 13, 2020 11:43pm

Ezzy
| Joined Oct 2008 | Status: Learning | 1,057 Posts

Hi Daz

Really enjoying this simple way of trading, thanks for the thread and sharing it with us. Trading it on demo at the moment, will do more forward testing, and post some trades from time to time.

Cheers
Ezzy

What you do is a reflection of you....what I do is a reflection of me.