212 Candle Pattern

Good test results, but it appears that this was risking 10% per trade?

we can use that @ binary trading ... no need stoploss target return 92% ...

very intersting

You can control the risk by changing the "risk_perc" parameter. And this is a list of all expert parameters :

stop_loss : hard stop default 80 pips
take_profit : hard take profit default 200 pips
trailing_stop : trailing stop default 80 pips. I found that its better without it. You can set it higher that take_profit to deactivate (i.e. 300 pips)
risk_perc: used to calculate position size as percentage of account balance. default 0.1 (10%)
fixed_lots:if set > 0 will de-activate position size calculation and use the fixed lots. default 0.
close_on_opposite_signal: if set to true will close position on opposite signal regardless of TP or SL. default false.
close_after_one_bar: if set to true will close position on end of next bar (as per the default strategy) default false. I found its better to let the trade run.

Please note that for each pair and each time-frame these values have to be changed accordingly.

Remember this EA was written quickly, we can make stop_loss , take_profit and trailing_stop get calculated dynamically using some ATR formula.

The EA was written for Micro Accounts. For those who are interested I've attached an updated version of which will detect the allowed minimum lot size, and now the EA can be run against mini or standard accounts.

Despite the good test results, I am not very much convinced of this strategy. I provided the EA to allow people to test it against different markets and see if it has potential.

P.S. I have also tried to filter the signals using EMA to take only those trades that go with the trend, however results were not so good.

Interesting Patten..............................................................

Agree, it doesn't even lag behind price! ;-)

EA does not work as described in 1 Post. The store has elapsed between open and close the next candle. When the candle right colors and spread less than earnings and trade must end in profit.

I will add those patterns to my price action analys us also will take a look on D1 and H4 how it worked.