1.02^200
4
MT4 candle-by-candle manual backtesting 9 replies
Indicator for average candle size for up or down candle? 1 reply
How to make EA that send Open Price of Candle for every new candle 5 replies
Day's first H4 candle correlation to daily candle 14 replies
Correlation between first 4 hour candle and daily candle 1 reply
Disliked{quote} Results so far. I had to manage average some trades, had to close some in loss. This is just from looking at weekly and daily candles at the start of the week and looking for H4/H1 setups {image}Ignored
Disliked{quote} Please note I placed limit orders at the start of the week. So It's possible they executed at the same time. No robot yet. I wish.Ignored
No#1 - selecting pairs to trade, can be done manually and fed into the robot. But it is best if some kind of rule can be coded into the robt, because then consistancy can be obtained.
So this will not be a dashboard, but a fully automated robot.
Disliked{quote} No, I am not an expert in Dashboards. If you have an exact way to trade, I can copy that in a robot. That would be: At week opening find the pairs that are a subject to trade. The robot needs to know exactly how it is done in order to copy it. And it must be based on rules. The robot will then look for the setup in lower TF during the week and set the Limit orders, when setups appears. The charts will be coloured in accordans to the status, so that it is easy to follow the pairs in their work. No#1 - selecting pairs to trade, can be done...Ignored
Disliked{quote} No, I am not an expert in Dashboards. If you have an exact way to trade, I can copy that in a robot. That would be: At week opening find the pairs that are a subject to trade. The robot needs to know exactly how it is done in order to copy it. And it must be based on rules. The robot will then look for the setup in lower TF during the week and set the Limit orders, when setups appears. The charts will be coloured in accordans to the status, so that it is easy to follow the pairs in their work. No#1 - selecting pairs to trade, can be done...Ignored
DislikedIf somebody do works only up one or two cross with two different time frames he can get good results. I am trading with Mini ìndice Ibovespa because I am in Brasil. Look at the graphic on M60 and M30. It was not easy due high volatility: I have had to wait on M30 the price to go down the white line. EMAs 18 and 9 confirmed the tendence. {image}Ignored
Disliked{quote} Obviously position management plays a big role. But how about something for you to bite into? Bullish setup, (reverse for short.) 1) choose two timeframes, HTF, say M30 and LTF, say M5. 2) Wait for HTF [2] to close above high of [1] 3) Wait for HTF [3] to touch [1] high 4) On LTF wait for a candle to close above high of a candle. Enter on that candle's close. TP/SL your choice. Trading hours, trading days of week, your choice. Etc.
Ignored
Disliked{quote} Sure. I will make a shot for this to have a robot ready for monday. BUT - it is vital for any robot, that it has been helped by working in the right main set up from start. That is what you did in post #62. Looking into weekly and daily candles to decide which pairs to trade and in which direction. If we just put on the robot blindly, then we can be sure of losing. See post #61. So I want people to find the crystal ball which tells the direction of the next daily candle. That is the key to succes.Ignored
DislikedIs it too easy to say that all we need is to wait two candles in the same direction, then a third contrary candle (retracement) and to enter again in the same direction? Is it not the 1-2-3 price scheme? What is important is that there is a strong spine on the contrary candle that reject the previous level and confirm the original tendence.Ignored
Disliked{quote} Yes, rejection engulfing candle is one variation. But same direction candles also work as long as their highs or lows are near each other.Ignored
Disliked{quote} Here is the Flash from post #20. 1. 2nd candle breaks 1st candle high and closes near high. 2. 3rd candle dips below 1st candle high and bounces above 2nd candle high. 3. Entry is 2nd candle high. SL is 3rd candle low, and TP is 2:1 or EOD. I really do not need to work in different TF's as I see it. (I can - it's a bit more complicated). Situation is this. (Setup for long trade) 1. We are on third candle. The last candle has broken the high of the candle before it. "Near" is subjective and does not work in a computer. A numbwer of pips must...Ignored