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I love Patterns

  • #1
  • First Post: Edited 6:25pm Dec 18, 2009 10:47am | Edited 6:25pm
Hello friends !!!!!!!!

Iīm very interested in patterns like this

if((Open[i+1]>Close[i+1])&&(Close[i+1]>Open[i])&&(Close[i]>Open[i+1]))

Swing up;

if((Close[i+1]>Open[i+1])&&(Open[i]>Close[i+1])&&(Open[i+1]>Close[i]))

Swing down;

( Iīm not a good coder but I have modified the indicator attached of Yurily Tokman )

Anybody Know any good patterns??
Attached File(s)
File Type: mq4 Japan 1.1.mq4   3 KB | 584 downloads
  • #2
  • Dec 18, 2009 11:23am Dec 18, 2009 11:23am
Patterns like these??
Attached Image (click to enlarge)
Click to Enlarge Name: patterns.JPG Size: 74 KB
  • #3
  • Dec 18, 2009 11:36am Dec 18, 2009 11:36am
There are all kinds of useful open/close patterns with a statistical edge, not just 2-bar patterns. In fact, there are 3-, 4-, and 5-bar patterns with even better edges.
You are in a maze of twisty little passages, all alike.
  • #4
  • Dec 18, 2009 5:56pm Dec 18, 2009 5:56pm
Quoting localia
Hello friends !!!!!!!!

Iīm very interested in patterns like this

if((Open[i+1]>Close[i+1])&&(Close[i+1]>Open[i])&&(Close[i]>Open[i+1]))

Swing up;

if((Close[i+1]>Open[i+1])&&(Open[i]>Close[i+1])&&(Open[i+1]>Close[i]))

Swing down;

( Iīm not a good coder but I have modified the indicator attached of Yurily Tokman )

Anybody Know any good patterns??

Apparently this guy wrote the book on candlestick patterns.He talks about stocks, but it probably applies to forex as well.

http://thepatternsite.com/CandlePerformers.html
  • #5
  • Edited 6:39pm Dec 18, 2009 6:15pm | Edited 6:39pm
Quoting CodeMeister
Apparently this guy wrote the book on candlestick patterns.He talks about stocks, but it probably applies to forex as well.

http://thepatternsite.com/CandlePerformers.html

Really, really thanks for the link.

Iīm looking for something like this in order to code.

I attach a good indicator with a good pattern... ( thanks fewhills )
Attached File(s)
File Type: mq4 #PH#CandleDivergence03.mq4   2 KB | 611 downloads
  • #6
  • Dec 19, 2009 9:53am Dec 19, 2009 9:53am
Another good indicator in order to work with trendlines...

Thanks Zen Leow
Attached File(s)
File Type: mq4 Reversal_Indicator_v2.mq4   5 KB | 819 downloads
  • #7
  • Dec 20, 2009 8:56am Dec 20, 2009 8:56am
Anyone is working in this direction???

From my point of view this is the right way
Attached Image (click to enlarge)
Click to Enlarge Name: $$.gif Size: 19 KB
  • #8
  • Dec 20, 2009 9:49am Dec 20, 2009 9:49am
I would have traded the doubble bottom. What's your indicator setup?
  • #9
  • Dec 20, 2009 10:07am Dec 20, 2009 10:07am
Quoting Bankshot
I would have traded the doubble bottom. What's your indicator setup?

Itīs a combination of closes, Openings, highs and lows.

when I finish I would not mind to share it.
  • #10
  • Dec 20, 2009 10:14am Dec 20, 2009 10:14am
That would be great, thanks.
  • #11
  • Dec 20, 2009 10:21am Dec 20, 2009 10:21am
Quoting localia
Itīs a combination of closes, Openings, highs and lows.

when I finish I would not mind to share it.


Sometimes doesnīt work correctly
Attached Image (click to enlarge)
Click to Enlarge Name: $$$.gif Size: 18 KB
  • #12
  • Dec 20, 2009 12:12pm Dec 20, 2009 12:12pm
The object isn't to have no loosers, just better winners. Anyone with reasonable money management skills would have made good money on that chart.
  • #13
  • Dec 21, 2009 9:21am Dec 21, 2009 9:21am
Hi Localia,
have you tried shorter time frames? Your system appearantly does well on the larger frames and the patterns should be same or close on most if not all time frames.
  • #14
  • Dec 21, 2009 11:20am Dec 21, 2009 11:20am
Quoting Bankshot
Hi Localia,
have you tried shorter time frames? Your system appearantly does well on the larger frames and the patterns should be same or close on most if not all time frames.
Hi,

I donīt Know Why, but this system works fine on timeframes like H4 or D1

In Timeframes like H1 or 30 " I have more problems.
Attached Image (click to enlarge)
Click to Enlarge Name: $$$$.gif Size: 19 KB
  • #15
  • Dec 21, 2009 12:30pm Dec 21, 2009 12:30pm
A lot of winners on that chart. I wouldn't strain too much trying to improve it if that type preformance is average. Have you tried any filters in conjunction with it, stocastics, moving averages ect?
  • #16
  • Dec 21, 2009 1:16pm Dec 21, 2009 1:16pm
Quoting Bankshot
A lot of winners on that chart. I wouldn't strain too much trying to improve it if that type preformance is average. Have you tried any filters in conjunction with it, stocastics, moving averages ect?

I donīt believe in this type of things.

Delay and more delay.

Probably someone with more experience can help us.
Attached Image (click to enlarge)
Click to Enlarge Name: $$$$$.gif Size: 20 KB
  • #17
  • Dec 21, 2009 1:59pm Dec 21, 2009 1:59pm
I'm not a coder Localia but you might need to say what you want help with, or what you see as a problem.Your indicator seems to be working but perhaps not as well as you would like.
  • #18
  • Dec 21, 2009 2:36pm Dec 21, 2009 2:36pm
Quoting Bankshot
I'm not a coder Localia but you might need to say what you want help with, or what you see as a problem.Your indicator seems to be working but perhaps not as well as you would like.

Sometimes this indicator donīt work correctly. This is the problem

In any case I started this thread to share ideas about patterns, and apparently nobody knows nothing about this area.

I will continue working in my indicator

( Donīt worry Bankshot )
Attached Image (click to enlarge)
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  • #19
  • Dec 21, 2009 3:03pm Dec 21, 2009 3:03pm
I know about them but don't want to give away my best secrets.
You are in a maze of twisty little passages, all alike.
  • #20
  • Edited 3:38pm Dec 21, 2009 3:33pm | Edited 3:38pm
Quoting localia
Hi,

I donīt Know Why, but this system works fine on timeframes like H4 or D1

In Timeframes like H1 or 30 " I have more problems.

Most indicators, including candle patterns work better on the higher timeframes because the signal to noise ratio is better. But of course you get fewer signals and trading on the higher time frames requires more patience. I don't think there's an indicator anywhere (other than something trivial) that doesn't provide false signals and I don't mean programming errors. It simply is very difficult to program something that has to anticipate dozens of variations and pick the valid ones.
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