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Attachments: 3 Bar Fractal Break
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3 Bar Fractal Break

  • #501
  • Mar 26, 2020 6:20pm Mar 26, 2020 6:20pm
Quoting GavynSykes
{quote} Yes as soon as it is finished!
GavynSykes, my understanding ...it does not matter how many candles for 1 hr to wait until it closes beyond candle #4.

The setup is void if PA go's higher than 4 hr Fractal.
  • #502
  • Mar 26, 2020 6:23pm Mar 26, 2020 6:23pm
Quoting kodakwhite
{quote} Will you post it here?
what i suggest is when we see new candle begin after breach of 4th candle on 4h tf,we go to 1h and look for 1234 line break also,let the 4th candle close and new candle open cross the line,enter.Please correct me if u find this is incorrect.

thanks Kodak,plz add the push alert and make a dashboard too and plz plz join the telegram group as well.
  • #503
  • Mar 26, 2020 6:34pm Mar 26, 2020 6:34pm
My first impression, after backtesting a partial system based on this strategy, is that this system is performing really well now because of the global high volatility. In 2019 the performance is really worse. I hope this is just a BIAS related to the partial system and I hope that when I finish it, it will give better results also in the past
  • #504
  • Mar 26, 2020 6:58pm Mar 26, 2020 6:58pm
Quoting GavynSykes
My first impression, after backtesting a partial system based on this strategy, is that this system is performing really well now because of the global high volatility. In 2019 the performance is really worse. I hope this is just a BIAS related to the partial system and I hope that when I finish it, it will give better results also in the past
Don't worry about results with the backtetsting. Just focus on the functionality of your EA. Is everything working the way it was intended? if so, then be finished with the backtesting and start forward testing and keeping stats.
  • #505
  • Mar 26, 2020 7:27pm Mar 26, 2020 7:27pm
from my recent gj trade I moved the sl up and took 2 anti heart attack tablets, but still in the trade.
  • #506
  • Mar 26, 2020 7:51pm Mar 26, 2020 7:51pm
Quoting peterhenders
from my recent gj trade I moved the sl up and took 2 anti heart attack tablets, but still in the trade.
my dear when i saw your trade,i wanted to ask you is it your real account with such high lots,because the entry was not that great and another thing is never trade with high lots because someone is taking high lots,he must be having big account or perhaps he knows how to fix the bad trade.
  • #507
  • Mar 26, 2020 7:54pm Mar 26, 2020 7:54pm
Quoting T4Trade
{quote} my dear when i saw your trade,i wanted to ask you is it your real account with such high lots,because the entry was not that great and another thing is never trade with high lots because someone is taking high lots,he must be having big account or perhaps he knows how to fix the bad trade.
Wait until the trade is finished before you make any decisions, and the high lots are my way of trading - and I cannot recall you being any type of expert
  • #508
  • Mar 26, 2020 9:12pm Mar 26, 2020 9:12pm
Quoting peterhenders
{quote} Wait until the trade is finished before you make any decisions, and the high lots are my way of trading - and I cannot recall you being any type of expert
i apologize if u r hurt,but i dint mean that.why traders have egos over trading,no one knows what will happen the next moment.i have seen many traders fight over petty things.
  • #509
  • Mar 26, 2020 9:23pm Mar 26, 2020 9:23pm
Quoting T4Trade
{quote} i apologize if u r hurt,but i dint mean that.why traders have egos over trading,no one knows what will happen the next moment.i have seen many traders fight over petty things.
the point is to trade right, look left and you will see where the bankers are waiting.
Big, lots? who are the lots big for?
As you will see the gj trade posted above now has a green stop loss, if it hits target then that is +$1,300.00 in my pocket. Plus the e/n trade that closed below candle 4 and came back to test that line giving me a total, with the gj trade $4800.00 for a few hours work- that equates to +$1000.00 per hour but this is forex and if you cant expect these small well paid moves then you are in the wrong profession.
I notice every comment I made in the telegram group was criticized by you.
Now if you think you has something over me then stand before me so I can kiss your feet but in the mean time learn to accept others for what they are and not what you think they are- Never judge a book by its cover.
And I accept you apology.
  • #510
  • Mar 26, 2020 10:13pm Mar 26, 2020 10:13pm
Here You can find the first version of the EA based on this strategy.

Any testing and suggestions is really appreciated.

The EA waits for the fractal to be formed and save the trigger level. Then it checks the lower time frame and enter the market if a candle close breaks the trigger level. Otherwise it discards the setup if the high / low of the bar 2 is reached.

The SL is put on the high / low of the bar 2, the TP can be adjusted using the risk reward input.

Inputs available:

- the lot size (default 0.1)
- the risk reward ratio (default 2.0)
- a bool to send push notification on trading alerts (default false)
Attached File(s)
File Type: ex4 ThreeBarsFractal.ex4   11 KB | 763 downloads
  • #511
  • Mar 26, 2020 11:06pm Mar 26, 2020 11:06pm
Quoting GavynSykes
Here You can find the first version of the EA based on this strategy. Any testing and suggestions is really appreciated. The EA waits for the fractal to be formed and save the trigger level. Then it checks the lower time frame and enter the market if a candle close breaks the trigger level. Otherwise it discards the setup if the high / low of the bar 2 is reached. The SL is put on the high / low of the bar 2, the TP can be adjusted using the risk reward input. Inputs available: - the lot size (default 0.1) - the risk reward ratio (default 2.0) -...

It's working but exist strategy sucks but one can modify it of course
  • #512
  • Mar 26, 2020 11:15pm Mar 26, 2020 11:15pm
Quoting kodakwhite
{quote} It's working but exist strategy sucks but one can modify it of course
Really? Is that how you talk to someone who is trying to help. Someone who is offering their time and skills for free. You insult them?
  • #513
  • Mar 26, 2020 11:19pm Mar 26, 2020 11:19pm
Quoting bojack34
{quote} Really? Is that how you talk to someone who is trying to help. Someone who is offering their time and skills for free. You insult them?

I doubt person who made this will be offended, what's your problem? Exit sucks and EA will lose in long term, does not take all the trades it could - over all one should not use it for sure on live the way it is now but when enters it turns into profit most of the time. There is a lot of room to improvement not to cry about insults
  • #514
  • Mar 27, 2020 12:24am Mar 27, 2020 12:24am
Quoting peterhenders
{quote} the point is to trade right, look left and you will see where the bankers are waiting. Big, lots? who are the lots big for? As you will see the gj trade posted above now has a green stop loss, if it hits target then that is +$1,300.00 in my pocket. Plus the e/n trade that closed below candle 4 and came back to test that line giving me a total, with the gj trade $4800.00 for a few hours work- that equates to +$1000.00 per hour but this is forex and if you cant expect these small well paid moves then you are in the wrong profession. I notice...
i even dont know what is your id there? you are having this wrong impression,i have nothing personal with you,i am staying away from you,u r spreading negativity.
  • #515
  • Mar 27, 2020 12:43am Mar 27, 2020 12:43am
Quoting T4Trade
{quote} i even dont know what is your id there? you are having this wrong impression,i have nothing personal with you,i am staying away from you,u r spreading negativity.
Im not spreading anything, just telling the truth
  • #516
  • Mar 27, 2020 1:07am Mar 27, 2020 1:07am
Quoting kodakwhite
{quote} It's working but exist strategy sucks but one can modify it of course
show me the trades you took, ( if any )

you obviously aint read or practiced or lost the one and nly trade you made. piss off out my thread and go else where if you dont like it. not having any negativity on this . any more and ill remove you
  • #517
  • Mar 27, 2020 1:15am Mar 27, 2020 1:15am
REMINDER, IF ANYONE THINKS THIS SYSTEM ONLY WORKS IN THE CURRENT CLIMATE I SUGGEST YOU GO BACK LAST 4 YEARS AND BACK TEST LIKE YOU SHOULD OF ANYWAY BEFORE TRADING THIS.

YOU WILL LOSE IF YOU DONT MAKE A PLAN OR JUST USE EAs WITHOUT KNOWING HOW THIS WORKS.

THIS STRATEGY WORK END OF BUT IF YOU AINT WILLING TO PUT IN THE WORK TO PRACTICE THEN YOU WILL FAIL AND LOSE. YOU CANNOT JUST GO ON THE 5M CHART AND SPOT A 3 BAR FRACTAL..... THERE YOU GO THE THE 4TH BAR IS HERE, ILL ENTER ON M1 AND EXPECT THIS TO BE A MAGICAL FORMULA!!!!!!!! YOU NEED TO BACKTEST AND THOSE WHO ARE SAYING IT SUCKS I GUARANTEE THEY SPENT AN WHOLE 5 MINS LOOKING AT CHARTS.

THIS IS NOT FOR YOU IF YOU WANT AN INSTANT MAGICAL FORMULA.
  • #518
  • Mar 27, 2020 3:07am Mar 27, 2020 3:07am
Hi

Possible S setup on EJ. H1 chart with H4 candles.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ H4.jpg Size: 80 KB
  • #519
  • Mar 27, 2020 3:21am Mar 27, 2020 3:21am
Hi Darren

just wondered if you have tried the contrarian signal, ie when price fails at the 4th candle take the opposite trade ?

Great thread btw.

Cheers

Eamonn.
  • #520
  • Mar 27, 2020 3:22am Mar 27, 2020 3:22am
GBPJPY H1 SET UP

i love this type of set up, stop hunt drop, fratal formed and 4th bar in process. wait for close and enter on m15
Attached Image (click to enlarge)
Click to Enlarge Name: rK8Qi0I.png Size: 44 KB
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