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Attachments: Daily chart trading - simple entry and exit criteria
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Daily chart trading - simple entry and exit criteria

Quoting disciplined
those loses are minor compared to profits. You have to leave open trades for days/weeks to be successful in this strategy. Sometimes price will get into a range after you get in, so patience is the only way. no these days I only trade us500. Nothing else. {quote}
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Quoting TheZenienss
{quote} {image}
Only considering this chart it does not like a good win/lose ratio to me. Am I wrong?
Quoting BataviaTrade
{quote} Only considering this chart it does not like a good win/lose ratio to me. Am I wrong?
The arrows are giving the signals exactly as OP mentioned on post #1

  1. Buy (BLUE ARROW) - Third candle closes above close of previous two candles (Ideally Third should be bullish and previous two bearish)
  2. Sell (SELL ARROW) - Third candle closes below close of previous two candles. (Ideally Third should be bearish and previous two bullish)


@BataviaTrade: I have the same thought!

When the 3 candles are combined, they end up a Key Reversal Bars, or possibly Bearish or Bullish Engulfing Bars

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Maximize wins, minimize loss, stay in the game as long as you can
Quoting pipibrasci
GBPUSD W1 Possible scenario. {image}
This would have been a super good run if I had caught this
  •  XMR
  • | Joined Sep 2022 | Status: Member | 52 Posts | Online Now
Quoting Erebus
{quote} Thanks for that, as I expected, try this one (if you need it for MT5 that is) Still need to figure how to share for Tradingview I'll study the HELP section over the holidays {file}
I started testing 4_Bar.mq5 and it works. The 4BarFractalBreak.ex5 and TimeSeries.ex5 don't load on chart. Do they exist to make 4_Bar.mq5 work on chart?
If you're not architecting, you're building someone else's plan.
Quoting XMR
{quote} I started testing 4_Bar.mq5 and it works. The 4BarFractalBreak.ex5 and TimeSeries.ex5 don't load on chart. Do they exist to make 4_Bar.mq5 work on chart?
I don't know what they are or how they got in the zip folder.

The 4_Bar is all you need for the signals

Cheers
Maximize wins, minimize loss, stay in the game as long as you can
It definitely is working.. losses are part of the game.. as long as you are patient to run the profits until you see a reversal
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Another 4 Bar Strategy version which is very effective to my daily needs. Thanks for the 4 Bar Indicator and methodology, it does work.
Find your solution.
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Quoting disciplined
It definitely is working.. losses are part of the game.. as long as you are patient to run the profits until you see a reversal {image} {image}
Well done disciplined!
Just wondering when and why did you decide to just concentrate on the S&P500, and do you trade your exact rules or being a bit flexable?

Rover
I realised I was getting distracted with the number of forex pairs and needing to keep track of many (not my cup of tea).
I found that with S&P 500 I can take slightly larger leverage, ie the price movements resulted in decent profits (or losses) for my level of deposit (started off with 1k gbp)
I wait for trend reveral with 1-2-3 set up (ie first pullback), and subsequent trades 3 bar in the direction of trend.
After trade going in my direction, I move SL to BE

that’s about it

Trade only daily chart



Quoting rover99x
{quote} Well done disciplined! Just wondering when and why did you decide to just concentrate on the S&P500, and do you trade your exact rules or being a bit flexable? Rover
Hi. I'm starting to make an EA out of this strategy. Kindly check if my understanding is correct. This EA is scanning all 28 pairs for any 3 bar reversal. appreciate any feedback. thanks.
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Quoting cpfleger
Another 4 Bar Strategy version which is very effective to my daily needs. Thanks for the 4 Bar Indicator and methodology, it does work. Find your solution. {image}
Thanks Cpfleger. Please can you post the indicators?
Quoting cpfleger
Another 4 Bar Strategy version which is very effective to my daily needs. Thanks for the 4 Bar Indicator and methodology, it does work. Find your solution. {image}
Could you please share your template?
Good day. I need a simple EA with Long/Short setup for night trading. The EA will open a position as soon as the spread falls below the set value. For example 4 cores. Maybe it already exists.
Attached File(s)
File Type: mq4 MT4-Simple-Candle-Open-EA.mq4   11 KB | 79 downloads
Please excuse the bad English via Google Translate.
I'm currently testing this with crypto charts. So far, the results are pretty good.

Current trade I'm in:

Entry was at 0.5 Fib Line in the chart and TP Target is around "3"
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https://twitter.com/Crypto_Hub_EU
Quoting rstranger
Hi. I'm starting to make an EA out of this strategy. Kindly check if my understanding is correct. This EA is scanning all 28 pairs for any 3 bar reversal. appreciate any feedback. thanks. {image}
Hi Stranger....thanks for your message.
Can you share your EA....
Have a nice day..
Quoting ixam23
I'm currently testing this with crypto charts. So far, the results are pretty good. Current trade I'm in: Entry was at 0.5 Fib Line in the chart and TP Target is around "3" {image}
SL got hit, as market got a big hit tonight.

-1R
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https://twitter.com/Crypto_Hub_EU
One Limit Order got filled on ADA yesterday:
Entry is 0.5 Fib, SL is above behind 0 and TP is at 3.
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Quoting ixam23
One Limit Order got filled on ADA yesterday: Entry is 0.5 Fib, SL is above behind 0 and TP is at 3. {image}
Profit taken at 0.3434 yesterday.

Profit is ~ 4.5R
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https://twitter.com/Crypto_Hub_EU
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