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Third candle bounce

  • #301
  • Jun 19, 2024 2:11pm Jun 19, 2024 2:11pm
I'm open to any idea regarding increase the profitability by adding new condition or changing the existing ones.

Note that i'm not a dev, just using CHAT GPT4o to code this
  • #302
  • Jun 19, 2024 4:29pm Jun 19, 2024 4:29pm
Quoting david79454
I'm open to any idea regarding increase the profitability by adding new condition or changing the existing ones. Note that i'm not a dev, just using CHAT GPT4o to code this
Can it code a mt5 version ?

Not that I cant do it manual, but would be nice with an alert for a faster scan
  • #303
  • Jun 20, 2024 2:18am Jun 20, 2024 2:18am
Quoting TranceGhost
{quote} Can it code a mt5 version ? Not that I cant do it manual, but would be nice with an alert for a faster scan
il sure it can, but mt5 is not working on my MacBook so I can’t test it…
  • #304
  • Jun 20, 2024 10:52am Jun 20, 2024 10:52am
no body posting trades.
the following happened today.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #305
  • Jun 20, 2024 2:52pm Jun 20, 2024 2:52pm
Hi David,

I found some interesting data.

V3 - EOD YEs
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V3 -EOD NO
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V1 - default
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So i dont know why but V1 is by far most successful. Can you open on V1 ( the first ea you posted), input for the risk...by default its 3% if i am not mistaken. I would like to test it even more, and see why its working better then latest version.

Somebody mentioned MT5, which i dont use, the only advantage i could see is that we could test all the pairs at the same time and see how would dynamics work in case when the multiple trades are opened on a different pairs.


Today i had only 2 manual Trades, and deleted all the other pending orders since it was a madness on my regular job:
AUDCAD SL
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XAUUSD closed in profit
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Nice trading day, no hassle.
Help to be helped.
  • #306
  • Jun 20, 2024 2:56pm Jun 20, 2024 2:56pm
Quoting Lazar83
Hi David, I found some interesting data. V3 - EOD YEs {image} V3 -EOD NO {image} V1 - default {image} So i dont know why but V1 is by far most successful. Can you open on V1 ( the first ea you posted), input for the risk...by default its 3% if i am not mistaken. I would like to test it even more, and see why its working better then latest version. Somebody mentioned MT5, which i dont use, the only advantage i could see is that we could test all the pairs at the same time and see how would dynamics work in case when the multiple trades are opened...
Hi, can you explain me what you want me to do with the V1 ? i'm not sure to understand
  • #307
  • Jun 20, 2024 3:04pm Jun 20, 2024 3:04pm
That you add option to enter risk % in the version from this link post:
https://www.forexfactory.com/thread/...0#post14905010

As it is , i think now its 3% by default and it cannot be changed.
Help to be helped.
  • #308
  • Jun 20, 2024 3:45pm Jun 20, 2024 3:45pm
Quoting Lazar83
Hi David, I found some interesting data. V3 - EOD YEs {image} V3 -EOD NO {image} V1 - default {image} So i dont know why but V1 is by far most successful. Can you open on V1 ( the first ea you posted), input for the risk...by default its 3% if i am not mistaken. I would like to test it even more, and see why its working better then latest version. Somebody mentioned MT5, which i dont use, the only advantage i could see is that we could test all the pairs at the same time and see how would dynamics work in case when the multiple trades are opened...
V1 has more trades because it does not has the condition added on v2 & v3 (2 bearish/bullish in a row):

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  • #309
  • Jun 20, 2024 4:10pm Jun 20, 2024 4:10pm
Quoting Inthebox
no body posting trades. the following happened today. {image} {image}
Hi Inthebox, I focus my analysis on bigger tf, where I pull the trigger on daily tf, so I go slow. I work 9 hours per day far from pc.
On evening time I scan the market and put an red flag for the pair near to the setup.
If you like I will post my analysis tomorrow. I found very interesting scenario.
  • #310
  • Jun 20, 2024 5:29pm Jun 20, 2024 5:29pm
Quoting david79454
{quote} Hi, can you explain me what you want me to do with the V1 ? i'm not sure to understand
Is there a specific reason you are filtering by this condition? I don't recall reading anywhere on this thread anyone mentioning this.
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  • #311
  • Jun 21, 2024 1:21pm Jun 21, 2024 1:21pm
Quoting Lazar83
Hi David, I found some interesting data. V3 - EOD YEs {image} V3 -EOD NO {image} V1 - default {image} So i dont know why but V1 is by far most successful. Can you open on V1 ( the first ea you posted), input for the risk...by default its 3% if i am not mistaken. I would like to test it even more, and see why its working better then latest version. Somebody mentioned MT5, which i dont use, the only advantage i could see is that we could test all the pairs at the same time and see how would dynamics work in case when the multiple trades are opened...
Can you also test this on EUR USD 2020 01 01 till today. My result are not really good. Your one seems to be more promising but we are using same ea.

There is the updated version with risk pourcentage accessible in the parameter manually.
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Attached File(s)
File Type: mq4 zeze original.mq4   16 KB | 263 downloads
  • #312
  • Jun 23, 2024 5:34am Jun 23, 2024 5:34am
these are my results for the period EUR USD 2020 01 01 till today, 50k deposit
ZEZE EA
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ZEZE Original
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Question, in Zeze original risk 0.03 mean 3% risk correct? So 0.5% risk would be 0.005?

I am testing on darwinex so i am not sure about the discrepancy between our results. I know that Sunday candle can mess results significantly.
Help to be helped.
  • #313
  • Jun 26, 2024 10:16pm Jun 26, 2024 10:16pm
Getting closer to dashboard. Look at the three candle code. I made it symbolic. It will take time to get it.

The idea behind is like rubber bands, doors and explosions.

Say a door has a spring that closes. You open a door a bit and then spring closes it. That's what we want when we trade the bounce: open the door and then have it close on us and kick us out with pockets full of money.

But if you push the door open too far, you run into a room and face another door. The house has three doors. If you run through three doors, the house explodes. Or, rubber band snaps.

Left is for Long. Right is for shoRt. We record long situation on the left, and short situation on the right. They are separated by bar "|".

We record second candle, or candle[1] close to "|" and first candle or candle[2] next, separated by "."

We'll have to put in dashboard to see if it makes it easy to train the eye.

We record what is right now and what third candle or candle[0] did to previous two candles.

If price is below a candle's low and didn't poke above it, then for short side it's "-", which means nothing happened. For long side it's "*", which means total disaster, explosion, rubber band snapped.

If price is below a candle's low but did poke above it, then for short side it's "]", the door was opened and then closed.
If price is above a candle's low, then for short side it's ">", the door is opened, rubber band is stretched.

We don't care whether candle is green or red. We count its levels for short side from bottom up. and we count from up to bottom for long side. The effective configuration will tell us the colors if we are interested.

We record what happened towards the bar "|". which means current events are near the bar, and past events are away from the bar. ]>>| means price is inside the body of candle[1], and it did poke below the body into the bottom wick. We know this because left of the bar is for the long side, and we count levels from top to bottom for longs.
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1.02^200
  • #314
  • Jun 28, 2024 2:22am Jun 28, 2024 2:22am
Quoting d5400
Getting closer to dashboard. Look at the three candle code. I made it symbolic. It will take time to get it. The idea behind is like rubber bands, doors and explosions. Say a door has a spring that closes. You open a door a bit and then spring closes it. That's what we want when we trade the bounce: open the door and then have it close on us and kick us out with pockets full of money. But if you push the door open too far, you run into a room and face another door. The house has three doors. If you run through three doors, the house explodes. Or,...

how are we supposed to use this code in live trading ?
  • #315
  • Jun 28, 2024 8:14am Jun 28, 2024 8:14am
Quoting david79454
{quote} how are we supposed to use this code in live trading ?
It should help anticipate desired price movement. It will be in a table for multiple timeframes and multiple instruments.
1.02^200
  • #316
  • Jun 28, 2024 8:25am Jun 28, 2024 8:25am
Quoting d5400
{quote} It should help anticipate desired price movement. It will be in a table for multiple timeframes and multiple instruments.
can you give some examples ? I have to admit that I don’t really understand your post and all the logic.
  • #317
  • Jun 28, 2024 9:15am Jun 28, 2024 9:15am
Quoting david79454
{quote} can you give some examples ? I have to admit that I don’t really understand your post and all the logic.
I don't want to type out all codes for multiple timeframes. Examples will be easier to give with working dashboard. The logic is simple: there's no bias, only opportunity, that's why code gives three candle configuration from both perspectives: long and short. More is coming.
1.02^200
  • #318
  • Jun 29, 2024 11:10am Jun 29, 2024 11:10am
Looks familiar
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1.02^200
  • #319
  • Jun 30, 2024 4:43am Jun 30, 2024 4:43am
Quoting d5400
Looks familiar {image}
According to this, maybe we can try to add a new condition "candle n-1 must have been take the low of candle n-2"
  • #320
  • Jun 30, 2024 12:58pm Jun 30, 2024 12:58pm
i'm not profitable with this strategy. tested gold, D1-H4. period 2024-06, result -9 RR.
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