In the rules on page 1, I read this
The indicator is checking exactly this, now it should check something else ?
Sorry, no it isnīt redundant.
If both bodies are identical and an engulfing candle needs a bigger
body than candle 1, it must be checked.
In all documents I have about candle patterns, an engulfing candle
must have a greater body than candle 1.
You call that "classic engulfing".
Ignored
Yes. I just noticed that if signal candle open is ABOVE 1st candle close AND signal candle close is BELOW 1st candle open, there is no need to check if body is greater, since it has to be. Of course if you change ABOVE to ABOVE OR EQUAL and BELOW to BELOW OR EQUALL, there will be some very rare cases when bodies would be of the same size, but I don't know if it's really worth checking.
What is your new definition of "engulfing" ?
I need a precise definition .
It looks like "engulfing bearish" for you is simply a bullish candle which closes
higher than the bullish candle 1 ?
Maybe I just let the indicator as it is until you and 60minuteman
agree on the special definition of an engulfing candle for this system.
Ignored
My definition (bearish) would be:
signal candle body is > first candle body
signal candle close < first candle open
You could also check if signal open is "not far" from first candle close (not neccessary above). This should never happen when trading liquid pairs in Forex (with exception of first candle of the week, which should be omited anyway), as we don't experience price gaps between candles.
Of course it's just my opinion, I think 60mm somehow backed it but I may be wrong.
[b]I'm finished posting in this thread now. I've shared all the information I have and I'm sure it will help your trading if like me you have had trouble with discipline and consistency.
Everything you need to trade this strategy, or variations of it is already here in the first few pages.
I have set up a skype group but it is strictly for trading the strategy as laid out in the first post.
If anyone wants to join then P.M me your skype contact and I will add you.
[b]I'm finished posting in this thread now. I've shared all the information I have and I'm sure it will help your trading if like me you have had trouble with discipline and consistency.
Everything you need to trade this strategy, or variations of it is already here in the first few pages.
I have set up a skype group but it is strictly for trading the strategy as laid out in the first post.
If anyone wants to join then P.M me your skype contact and I will add you.
Good luck to everyone and make pips!
Plan your trading and stick to...
Ignored
..Really sad news, but i will sureley mantain contact with you, will send a PM soon with my Skype account name.
I feel like an idiot, you are 100% right. Somebody said to me that FXP was GMT, and i didn't check it :S
Well, at least now we know that BSLT (first entry rule) works on GMT+2 too..
Can someone advice me a good broker with GMT on MT4, to start some serious demo stuff?
Thanks
