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Price action EA

  • #1
  • First Post: Mar 16, 2008 6:37pm Mar 16, 2008 6:37pm
EA based on price action would be interesting. Haven't seen anyone around so maybe its not possible?

So, was thinking if it's possible to make one based on following just for a start;

Double bar low higher close, buy when next bar print

Double bar high lower close, sell when next bar print


See attached charts;
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dblhc.jpg Size: 55 KB
Click to Enlarge Name: dbhlc.jpg Size: 73 KB
Measure twice, cut once
  • #2
  • Mar 16, 2008 7:18pm Mar 16, 2008 7:18pm
It's been done and it isn't statistically viable to base trading off double bars alone. It's not the price bars that matter as much as the reaction to a support/resistance line... if you see a double bar form at a support line after a retrace in anticipation of a resumption of the trend... then maybe you can go long. An EA has a hard time handling those kind of variables.
  • #3
  • Mar 16, 2008 11:07pm Mar 16, 2008 11:07pm
it's probably possible up to a certain point like Rabid said, but since PA is very discretionary, it would be very difficult to code an EA to act like...well..a human mind that interprets PA, too many variables and combinations.
  • #4
  • Mar 17, 2008 7:48am Mar 17, 2008 7:48am
Quoting tenantro
it's probably possible up to a certain point like Rabid said, but since PA is very discretionary, it would be very difficult to code an EA to act like...well..a human mind that interprets PA, too many variables and combinations.
Has it been done here on FF ?

Or do you got any other links ?
Measure twice, cut once
  • #5
  • Nov 25, 2008 5:13pm Nov 25, 2008 5:13pm
entry code for ap.dhlc
Inserted Code
//ORDER ENTRY SETUP 0-buy,2-buylimit,4-buystop
sprice=0;bprice=0;ssl=0;bsl=0;
//if(OrderSelect(Sticket,SELECT_BY_TICKET)==false || (OrderSelect(Sticket,SELECT_BY_TICKET)==true && OrderCloseTime()>0)) {
   if(High[2]==High[1] && Close[1]<Close[2] &&
      shorttime<Time[0] && spread<=0.0002
   
      /*Low[2]==Low[1] && Close[1]>Close[2] &&
      shorttime<Time[0] && spread<=0.0002*/) { 
      ordertype=1; sprice=Bid; ssl=High[1]+spread; stp=sprice-(ssl-sprice)+spread;
      slippage=1; expire=0;
      Color=LightSalmon; Sell(); return(0);  } // }

//if(OrderSelect(Bticket,SELECT_BY_TICKET)==false || (OrderSelect(Bticket,SELECT_BY_TICKET)==true && OrderCloseTime()>0)) {
   if(Low[2]==Low[1] && Close[1]>Close[2] &&
      longtime<Time[0] && spread<=0.0002
   
      /*High[2]==High[1] && Close[1]<Close[2] &&
      longtime<Time[0] && spread<=0.0002*/)  { 
      ordertype=0; bprice=Ask; bsl=Low[1]-spread; btp=bprice+(bprice-bsl)-spread;  
      slippage=1; expire=0;
      Color=Green; Buy(); return(0);  }  // }
entry code for reverse ap.rdhlc
Inserted Code
//ORDER ENTRY SETUP 0-buy,2-buylimit,4-buystop
sprice=0;bprice=0;ssl=0;bsl=0;
//if(OrderSelect(Sticket,SELECT_BY_TICKET)==false || (OrderSelect(Sticket,SELECT_BY_TICKET)==true && OrderCloseTime()>0)) {
   if(Low[2]==Low[1] && Close[1]>Close[2] &&
      shorttime<Time[0] && spread<=0.0002) { 
      ordertype=1; sprice=Bid; stp=Low[1]; ssl=sprice+(sprice-stp); 
      slippage=1; expire=0;
      Color=LightSalmon; Sell(); return(0);  } // }

//if(OrderSelect(Bticket,SELECT_BY_TICKET)==false || (OrderSelect(Bticket,SELECT_BY_TICKET)==true && OrderCloseTime()>0)) {
   if(High[2]==High[1] && Close[1]<Close[2] &&
      longtime<Time[0] && spread<=0.0002)  { 
      ordertype=0; bprice=Ask; btp=High[1];  bsl=bprice-(btp-bprice); 
      slippage=1; expire=0;
      Color=Green; Buy(); return(0);  }  // }
As Rabid said, they are not profitable signals on their own. I suppose with a little bit of further manipulation, such as merely letting winners run instead of TP'n out, (I didn't test this) there may be some advantage.
Attached File(s)
File Type: mq4 ap.dhlc.mq4   15 KB | 1,115 downloads
File Type: mq4 ap.rdhlc.mq4   15 KB | 980 downloads
  • #6
  • Nov 25, 2008 8:21pm Nov 25, 2008 8:21pm
Classic price action EAs include the big dog breakout, fractal-based EAs, and momentum-based EAs (look for maribozu candles)
  • #7
  • Last Post: May 8, 2010 10:19am May 8, 2010 10:19am
DlHC
and DHLC

mmmmm


learning IB BEOB,BUOB,BUEB,BEEB, and these too

thank you for the charts learning lots thanks guys
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