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3 Bull and 3 Bear candles strategy

  • #21
  • Jul 3, 2022 8:03pm Jul 3, 2022 8:03pm
Quoting Merka
{quote} The entry criteria is not great. Did you tested it over 5 or 10 years data? I bet win rate is about 30%. Isn't it? However thanks for coding it
Insert at least one long-term profitable EA here.
Please excuse the bad English via Google Translate.
  • #22
  • Jul 4, 2022 12:01am Jul 4, 2022 12:01am
Quoting Sangui
Here is an EA for the strategy. {file}
looks good thank you very much
  • #23
  • Jul 4, 2022 5:00am Jul 4, 2022 5:00am
First problems:

1. She did not open a position on the € 3000 demo account. Error message "Server Error 134: Not enough money".

2. In the M1 backtest you can see many valid patterns that the EA ignores.
Please excuse the bad English via Google Translate.
  • #24
  • Jul 5, 2022 8:12pm Jul 5, 2022 8:12pm
Quoting dokopy
First problems: 1. She did not open a position on the € 3000 demo account. Error message "Server Error 134: Not enough money". 2. In the M1 backtest you can see many valid patterns that the EA ignores.
I used this rule: "And this 3rd bar must close higher than Bar (2)'s close (preferably its high)" with the preferably part

Take a look again please and check if those ignored paterns are not left out by that preferably part. I've chosen to code it only with the preferably options as if the EA doesn't throw good results with the bests trades then the strategy is not good enough.

For the error 134 check your balance and the lotage you are using, your lotage could be too high for your account.
  • #25
  • Jul 5, 2022 8:38pm Jul 5, 2022 8:38pm
Quoting Sangui
Here is an EA for the strategy. {file}
Hi Sangui,

Thanks for the EA. I have two questions. Do I need to put different magic numbers to each instance of the EA on different charts? And what time frame is most preferable?

Thanks.

RoyPK
  • #26
  • Jul 5, 2022 9:48pm Jul 5, 2022 9:48pm
Quoting RoyPK
{quote} Hi Sangui, Thanks for the EA. I have two questions. Do I need to put different magic numbers to each instance of the EA on different charts? And what time frame is most preferable? Thanks. RoyPK
Hi RoyPK,

I can only asnwer 1st question and it's no, you don't need to change MN if you don't want as there is no trailing stop or order checking after placing the orders, it's a place and forget strategy.

As for the timeframe, again, it's not my strategy, that would need to be answered by OP or anyone that uses it.
  • #27
  • Jul 5, 2022 9:55pm Jul 5, 2022 9:55pm
Quoting Sangui
{quote} I used this rule: "And this 3rd bar must close higher than Bar (2)'s close (preferably its high)" with the preferably part Take a look again please and check if those ignored paterns are not left out by that preferably part. I've chosen to code it only with the preferably options as if the EA doesn't throw good results with the bests trades then the strategy is not good enough. For the error 134 check your balance and the lotage you are using, your lotage could be too high for your account.
€3000 for 0.01 lot is more than enough. There is no point in analyzing the rules when the EA doesn't work.
Please excuse the bad English via Google Translate.
  • #28
  • Jul 6, 2022 12:38am Jul 6, 2022 12:38am
Quoting dokopy
{quote} €3000 for 0.01 lot is more than enough. There is no point in analyzing the rules when the EA doesn't work.
I just opened a new demo account, tested it and it works. This is one of the easiest EAs I've coded so far, it feels like an insult if you tell me that it doesn't work lol

Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 163 KB

I really think the problem is on your end. You may try another broker, symbol or account type, I don't know...
If someone else can confirm his error or that it works it would be apreciate it.
  • #29
  • Edited 5:12am Jul 6, 2022 1:56am | Edited 5:12am
Quoting Sangui
{quote} I just opened a new demo account, tested it and it works. This is one of the easiest EAs I've coded so far, it feels like an insult if you tell me that it doesn't work lol {image} I really think the problem is on your end. You may try another broker, symbol or account type, I don't know... If someone else can confirm his error or that it works it would be apreciate it.
I will try again on H1. EA opened on two pairs perfectly fine. I don't understand where the error happened. I don't mean to offend you, I'm just describing problems that I probably caused myself.
Please excuse the bad English via Google Translate.
  • #30
  • Jul 6, 2022 10:08am Jul 6, 2022 10:08am
Quoting Sangui
{quote} Hi RoyPK, I can only asnwer 1st question and it's no, you don't need to change MN if you don't want as there is no trailing stop or order checking after placing the orders, it's a place and forget strategy. As for the timeframe, again, it's not my strategy, that would need to be answered by OP or anyone that uses it.
Thanks a lot Sangui for your reply.
Have a nice day.

RoyPK
  • #31
  • Oct 7, 2022 5:57am Oct 7, 2022 5:57am
I'll like to chip in for a discussion, if concerned parties don't mind.
I feel 3 bull/bear candles works.
It needs further tweaking and money-mgtment strategies to make it a notch higher in terms of increasing the winning probabilities.
I cannot emphasize how crucial & important money management is, to make your trading journey a success.

For the past 3 days, I have been using this strategy on a M15 chart to a fairly good result.
I combine w 8e/13e MA cross, GMMA ST cross LT and also Stoch crosses.
I will use manual entries as I feel the 3 candles must show good confirmation of the trend. ie, no big wicks.
Wicks, if any, should protrude only a little bit.

Below inserted snip, I took the USDINDEX trade last night.
I see good 3 bullish candles and took the plunge.
Now I'm riding this wave, using SL to exit.

Please feel free to comment
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  • #32
  • Oct 8, 2022 9:55am Oct 8, 2022 9:55am
Quoting Oliver.Twist
I've seen this kind of setup elsewhere, not sure where. Also, I think FxCyborg had something similar in one of his methods. Regardless, I've coded up a quick indi to mark up those setups on the screen, much easier & faster than to try and decipher if each candle corresponds to the rules. As always, the signals given are much less sexier than the initial screenshots provided, but that's the case of every single thread in FF. {image} The marks appear on the bar where you're supposed to open a trade (so, after the 3rd bar of the 3 bar setup has closed)....
Is there any link to the fxcyborg post regarding this set up?
  • #33
  • Oct 8, 2022 3:13pm Oct 8, 2022 3:13pm
Quoting fated82
{quote} Is there any link to the fxcyborg post regarding this set up?
https://www.forexfactory.com/thread/...h-little-to-no

It takes a lot for me to IGNORE you, but you can try.
  • #34
  • Edited 11:49pm Oct 8, 2022 11:07pm | Edited 11:49pm
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for me ....
Conclusion: The Three White Soldier / The Three Black Soldier can not be used as a trading setup without regard to the type of market and confluence factors (Wave, Cycle Price, Trend).
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And it is very difficult to make coding EA with a complex mathematical equation or by using some simple mathematical equations as a basis for buy or sell actions (it takes an expert who masters for coding)
The Average Discount Everything
  • #35
  • Last Post: Oct 18, 2022 8:58am Oct 18, 2022 8:58am
Quoting Oliver.Twist
I've seen this kind of setup elsewhere, not sure where. Also, I think FxCyborg had something similar in one of his methods. Regardless, I've coded up a quick indi to mark up those setups on the screen, much easier & faster than to try and decipher if each candle corresponds to the rules. As always, the signals given are much less sexier than the initial screenshots provided, but that's the case of every single thread in FF. {image} The marks appear on the bar where you're supposed to open a trade (so, after the 3rd bar of the 3 bar setup has closed)....

Can you upload mq4 version this indicator ? i very interesting how he work
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