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Attachments: A 5minute Inside Bar System
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A 5minute Inside Bar System

  • #41
  • May 22, 2012 6:37am May 22, 2012 6:37am
mannai70: I'm not even trading this at the moment - just indicating where trades would have taken place. right now my internet connectivity is complete and utter BS (i'm competing against the Great Firewall of CHina while sitting in a dodgy hostel)

I wouldn't necessarily agree that the stops are always larger than the wins....

Of the 2 losses showing so far today on my Go Markets platform, one was about 5 pips and the other was about 1.5 pips.

Remember, max loss on a trade should only be 9 pips or 3% of account if sticking to the original rules in post 1
  • #42
  • May 22, 2012 6:39am May 22, 2012 6:39am
bedul: glad to hear and thanks for the update!
  • #43
  • May 22, 2012 6:44am May 22, 2012 6:44am
The EA seems to crash my mt4?
  • #44
  • May 22, 2012 6:45am May 22, 2012 6:45am
Anyone have an inside bar alert indicator that could make a sound alert and or have a popup window appear? Also an indicator that clearly marks all inside bars that have previously occurred? (good for backtesting)
  • #45
  • May 22, 2012 7:14am May 22, 2012 7:14am
Quoting bzyqe
which prest do you use?
Sorry, I do not understand you question
  • #46
  • May 22, 2012 7:44am May 22, 2012 7:44am
Quoting Trumpcard
Anyone have an inside bar alert indicator that could make a sound alert and or have a popup window appear? Also an indicator that clearly marks all inside bars that have previously occurred? (good for backtesting)
use this
Attached File(s)
File Type: ex4 iB_nn.ex4   4 KB | 898 downloads
  • #47
  • May 22, 2012 7:53am May 22, 2012 7:53am
thanks Arnold49, have tried this one - would like one that can show the whole inside bar as a different colour, not just the body. Also looking for an indicator with an alert.
  • #48
  • May 22, 2012 7:55am May 22, 2012 7:55am
Quoting Arnold49
use this
I use the same indy, got it from DIBS thread, but only sound alert, doesnt have a pop-up window, and today there was 2 IB that this indy doesnt recognize as IB and I have to took the trade manually

I'll try this one you provide. thanks
  • #49
  • May 22, 2012 8:00am May 22, 2012 8:00am
Quoting bedul
I use the same indy, got it from DIBS thread, but only sound alert, doesnt have a pop-up window, and today there was 2 IB that this indy doesnt recognize as IB and I have to took the trade manually

I'll try this one you provide. thanks
Strange, it works perfectly for me, pop & alert are fine.

For settings I have the line width set to 2 & both colours white so when I get an inside bar the whole candle body is white.
  • #50
  • May 22, 2012 8:07am May 22, 2012 8:07am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB
Quoting Arnold49
Strange, it works perfectly for me, pop & alert are fine.

For settings I have the line width set to 2 & both colours white so when I get an inside bar the whole candle body is white.
like this
  • #51
  • May 22, 2012 8:41am May 22, 2012 8:41am
hmmm, actually that indicator is quite good alerted nicely! think I'll use it for the time being!
  • #52
  • May 22, 2012 8:51am May 22, 2012 8:51am
Quoting Trumpcard
hmmm, actually that indicator is quite good alerted nicely! think I'll use it for the time being!
Hi Trumpcard,

Really nice system. I have tried IBīs a long time ago but on H1 with mixed results.

Following Arnoldīs indicator today I have 3 winners, 0 losers.

The EA doesnīt work for me, I have this error:

"2012.05.22 15:30:00 insideBarEA v1.0 EURUSD,M5: Type :5 Lots: 1 price : 1.2708 stopLoss: 1.2762 takeprofit: 1.2678 expiryTime: 16:25:00"

Thank you very much. Will look at it these days......
  • #53
  • Edited 12:29pm May 22, 2012 9:35am | Edited 12:29pm
Updates:

1.Emergency stop loss added. Use maxSL parameter to set the emergency stoploss.
2.Delete orders which are 2bars old function is added.
3.priceDist parameter is added. This is no. of pips from which the order should be opened from the high/low of the IB. According to the rules it is 5 pips.
4.Added some comments in the window.

usage of priceDist and maxSL plays very important role in opening orders.
Usually stoploss will be higher than 9 pips.
For example,
1. Bullish inside bar formed with high--> 1.00090, low-->1.00030
2. Order will be placed at high+50(for 5 digit broker, 5 pips will be 50pips) -->1.00140 and sl -->low-->1.0030, which 11 pips of stoploss

So the above trade wont be taken since maxSL allowed is only 9 pips.

So be careful about this input.

Also remember that this EA is built for 5 digits broker, so all your pip input should be multiplied by 10.
For ex, 9 pip maxSL should be given as 90.

Regards
Ananth
Attached File(s)
File Type: mq4 insideBarEA v1.1.mq4   8 KB | 645 downloads
  • #54
  • May 22, 2012 10:26am May 22, 2012 10:26am
Quoting ananthhh
Updates:

1.Emergency stop loss added. Use maxSL parameter to set the emergency stoploss.
2.Delete orders which are 2bars old function is added.
3.priceDist parameter is added. This is no. of pips from which the order should be opened from the high/low of the IB. According to the rules it is 5 pips.
4.Added some comments in the window.

usage of priceDist and maxSL plays very important role in opening orders.
Usually stoploss will be higher than 9 pips.
For example,
1. Bullish inside bar formed with high--> 1.00090, low-->1.00030
2. Order will...
Thank you very much Ananth.

I think the pending order must be 0.5 pips from High/Low of the IB (please correct me if Iīm wrong).

Unafortunaly, my crim has a 5 pips minimum for pending orders. Would it be very hard to have a modified EA with market orders when price reaches High/Low + 1 pip instead of pending orders?
No problem if you donīt have time, thank you anyway.

Regards
  • #55
  • May 22, 2012 10:37am May 22, 2012 10:37am
Quoting Caillou
Thank you very much Ananth.

I think the pending order must be 0.5 pips from High/Low of the IB (please correct me if Iīm wrong).

Unafortunaly, my crim has a 5 pips minimum for pending orders. Would it be very hard to have a modified EA with market orders when price reaches High/Low + 1 pip instead of pending orders?
No problem if you donīt have time, thank you anyway.

Regards
No problem now, I have just openend a new Pro account with the same broker with 0 pips distance for pending orders.....

Maybe that was the problem with other traders before: the EA doesnīt open trades because of the min pending orders distance...
  • #56
  • May 22, 2012 10:47am May 22, 2012 10:47am
Inside bar + divergance..
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 72 KB
  • #57
  • May 22, 2012 11:12am May 22, 2012 11:12am
Ananthhh: mighty big thanks for your hard work - will eagerly play around with the updated EA tomorrow

forexsaint: great to see you here my friend. thanks for stopping by! your wisdom and experience is valued any time
  • #58
  • May 22, 2012 11:30am May 22, 2012 11:30am
Quoting Caillou
Hi Trumpcard,

Really nice system. I have tried IBīs a long time ago but on H1 with mixed results.

Following Arnoldīs indicator today I have 3 winners, 0 losers.

.

glad to hear! keep posting your results!
  • #59
  • May 22, 2012 11:31am May 22, 2012 11:31am
Quoting forexsaint

@Ananthhh
if possible kindly share the mq4 code. Many other coders are around and help debugging things quicker.
There is nothing to hide. Enjoy

Cheers
Ananth
Attached File(s)
File Type: mq4 insideBarEA v1.1.mq4   8 KB | 477 downloads
  • #60
  • May 22, 2012 11:31am May 22, 2012 11:31am
just one more winner and I'm pretty sure that 5% would have been achieved today based on post 1 rules
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