Follow the BIG Candle | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Follow Last Candle EA 10 replies

Follow the prior Heiken Ashi candle for profits 61 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: Follow the BIG Candle
Exit Attachments

Follow the BIG Candle

  • #141
  • Mar 12, 2014 7:33am Mar 12, 2014 7:33am
Quoting masterok
Ok so how about this situation, you would have lost a trade here, wouldn't you? Also how long do you expect to stay in the trade? Do you mostly trade during a day, or how often do you go long with this and for how long. {image}

This is a good example. So, I ran the EA on the same period with the same setup running on TE(Trade Explorer).
Notice that at this time the EA was waiting for a BIG candle of size > 30.6 pips (306 points). And since the settings says open on the same candle (candle_period=0), the EA opened a trade on this candle after reaching the size of 30.6 pips.

I will continue this trade in the next post.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym30_1.png Size: 31 KB
No guts, no glory
  • #142
  • Mar 12, 2014 7:41am Mar 12, 2014 7:41am
In this chart (continued from above) EA took partial take profit. and moved to Break Even.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym30_2.png Size: 30 KB
No guts, no glory
  • #143
  • Mar 12, 2014 7:48am Mar 12, 2014 7:48am
Continued from above.

Trailing Stop in action.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym30_3.png Size: 30 KB
No guts, no glory
  • #144
  • Mar 12, 2014 7:51am Mar 12, 2014 7:51am
Finally stopped at Trailing Stop.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym30_4.png Size: 31 KB
No guts, no glory
  • #145
  • Mar 12, 2014 8:44am Mar 12, 2014 8:44am
What i mean is you would only put a trade once the candle is formed. So you would trade this on the next candle which would form on the very top of this large previous one. What your charts show that you are trading it at the bottom, which will not would happen in real life.
  • #146
  • Mar 12, 2014 8:53am Mar 12, 2014 8:53am
Quoting masterok
Ok so how about this situation, you would have lost a trade here, wouldn't you? Also how long do you expect to stay in the trade? Do you mostly trade during a day, or how often do you go long with this and for how long. {image}

For the second part of your question:

> Also how long do you expect to stay in the trade? Do you mostly trade during a day, or how often do you go long with this and for how long.

This is a trend following strategy based on volatility break out, so if a trade worked well it could run for weeks.
The strategy is an Auto-Trading strategy using an Expert Advisor, so it will keep running all the time.
No guts, no glory
  • #147
  • Mar 12, 2014 11:39pm Mar 12, 2014 11:39pm
Finally and after 3 days of waiting the EA opened 2 trades , both long on AUD/USD and EUR/USD. details to come.
No guts, no glory
  • #148
  • Mar 12, 2014 11:48pm Mar 12, 2014 11:48pm
AUD/USD trade was opened at 12:30 GMT. Chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm30_1.png Size: 34 KB
No guts, no glory
  • #149
  • Mar 12, 2014 11:49pm Mar 12, 2014 11:49pm
EUR/USD was opened at 4:30 GMT. Chart attached.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm30_1.png Size: 43 KB
No guts, no glory
  • #150
  • Mar 12, 2014 11:52pm Mar 12, 2014 11:52pm
You might have noticed that position sizes are different for both trades (0.1 for AU and 0.2 for EU), and that's because the SL on AUD is larger than on EU. Our risk is 1% of account balance on each trade.
No guts, no glory
  • #151
  • Mar 13, 2014 10:21am Mar 13, 2014 10:21am
Hi, since you havent replied to my previous comment, I am going to rephrase the question.

Does the system trade when the candle is fully formed and trade starts on next candle? I would assume so. So why in the graph you show you put in a trade in the middle of a candle? you wouldnt do it in real life.

This is the graph which i am talking about which you have posted earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym30_1.png Size: 31 KB
  • #152
  • Mar 13, 2014 10:27am Mar 13, 2014 10:27am
Quoting masterok
Hi, since you havent replied to my previous comment, I am going to rephrase the question. Does the system trade when the candle is fully formed and trade starts on next candle? I would assume so. So why in the graph you show you put in a trade in the middle of a candle? you wouldnt do it in real life. This is the graph which i am talking about which you have posted earlier. {image}
Did you even read the post you quoted the pic from ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #153
  • Mar 13, 2014 10:44am Mar 13, 2014 10:44am
FerruFx,
Thanks for such a helpful response. Instead of taking forums space, your time, my time, if you see something wrong then just explain it without asking your questions. Yes i did read his post and it says it took a trade when candle reached 30.6 pips. Does his post answer the question I asked? no. If I asked the question, is there a possibility that something is not clear to me? Yes.

So please if you can clear this small question for me, I would be grateful. If not, I think it is fair to say to let the guy behind the system clear this up for me.
  • #154
  • Mar 13, 2014 11:21am Mar 13, 2014 11:21am
Quoting masterok
FerruFx, Thanks for such a helpful response. Instead of taking forums space, your time, my time, if you see something wrong then just explain it without asking your questions. Yes i did read his post and it says it took a trade when candle reached 30.6 pips. Does his post answer the question I asked? no. If I asked the question, is there a possibility that something is not clear to me? Yes. So please if you can clear this small question for me, I would be grateful. If not, I think it is fair to say to let the guy behind the system clear this up...

I've just saw this on my mobile, sorry if I am late in response.

Dear masterok,

What FerruFX was referring to is the completion of the senctence you cut out of my reply , but thats OK , we all sometimes miss something while reading. This is the text taken from my earlier reply "...Notice that at this time the EA was waiting for a BIG candle of size > 30.6 pips (306 points). And since the settings says open on the same candle (candle_period=0), the EA opened a trade on this candle after reaching the size of 30.6 pips."

So what did you miss ? simply the text that I recolored here in blue.

As you probably know, each Expert Adisor or Indicator for that matter have some setting parameters which controls the behavior of the EA or indi.
For the Big_Canlde EA one of the parameter is the candle_period, when set to 0 it will open during the big candle, and when set to 1 it will open trade after the end of the candle.

I hope this is clear, if not please let me know..

Regards,

Khalil
No guts, no glory
  • #155
  • Mar 13, 2014 11:28am Mar 13, 2014 11:28am
Quoting masterok
Yes i did read his post
No, if you read the post so you have the answer to your question ...

Quoting masterok
FerruFx, Thanks for such a helpful response. Instead of taking forums space, your time, my time
You should think before writing such things ... You make yourself ridiculous ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #156
  • Mar 13, 2014 11:35am Mar 13, 2014 11:35am
Quoting masterok
What i mean is you would only put a trade once the candle is formed. So you would trade this on the next candle which would form on the very top of this large previous one. What your charts show that you are trading it at the bottom, which will not would happen in real life.
From what I read, abokwaik has made clear enough on why the trade open in the middle of the candle.

First thing, you need to know why/how the trade is started. Its based on ATR x multiplier.
Second thing, you need to know candle_period. If set to 0, it means you can open a trade when the candle hasn't closed yet. If set to 1, then trade is open in the next candle.

Hope this clear up and stop wasting our forum space, your time and my time! Let's move on, can't wait to see how's the trade ended.
  • #157
  • Mar 13, 2014 12:00pm Mar 13, 2014 12:00pm
Quoting wilsonch
{quote} ......, can't wait to see how's the trade ended.
I am sure your not refering to the USD/JPY trade, as it was on strategy tester answering the quiestion in post #140.

The EA was not working at the time U/J candle appeared, as I mentioned before I do not have a VPS account, so I am runnning the EA from my PC at work.
No guts, no glory
  • #158
  • Mar 13, 2014 12:14pm Mar 13, 2014 12:14pm
The EUR/USD trade just closed at loss of 43 pips. a Dollar loss of $86.40 (we were risking $100), and max profit reached through the trade was 29 pips ($59), but did not reach our first take profit or break even.

The trade closed at 1.3893, but I am not sure why, as our stoplosss for the trade was 1.3873 ???

If it was closed because of an opposite signal, a new trade (sell) should be opened in place of it.
No guts, no glory
  • #159
  • Mar 13, 2014 1:25pm Mar 13, 2014 1:25pm
I can not reach the PC which is running the EA untill saturday. But I think that the PC is off some how, I am not sure of that.

But my question for technical people is:

What if I started the EA from one PC while it is already running on another PC?. I haven't tested that yet.
No guts, no glory
  • #160
  • Mar 15, 2014 4:58am Mar 15, 2014 4:58am
I figured out what happened with EUR/USD trade:

The position was closed by the EA due to an Opposite Signal (in this case the appearance of a Big Bear Candle), but the EA was not able to open a short trade because a new candle appear just after the closing of the previous position (16:30 GMT), as the closing was exactly at the candle end time.

Here is a re-run of the EA on the same period:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm30_c1.png Size: 34 KB
No guts, no glory
1 trader viewing now