Advanced engulfing bar system | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Bullish Engulfing Bar" and "Bearish Engulfing Bar" trade 88 replies

Simple engulfing bar indicator 17 replies

3 Bar Fractal with mid-bar and bar on each side 11 replies

Definition of Bullish Outside Engulfing and Bearish Outside Engulfing 3 replies

Pin bar, pin bar, pin bar 0 replies

Attachments: Advanced engulfing bar system
Exit Attachments

Advanced engulfing bar system

  • #1
  • First Post: Edited Jun 9, 2014 3:25am Mar 23, 2014 1:37pm | Edited Jun 9, 2014 3:25am
I am an experienced trader for 7 years. I trade many systems automatically.
This system has not been coded yet.
Any coder who would like to code it is most welcome.

Indicator needed
Synergy_APB (Heiken ashi with a "twist")
It looks like this:
Attached Image



I look for engulfing bar, a bar that includes the whole next bar (Or in opposite: a bar that is inside previous bar) – Previous bar's high is higher than next bar's high and previous bar's low is lower than next bar's low.
See examples:
Attached Image


The first bar to close outside the engulfing bar is the next bar we look for.
If this bar closes below the engulfing bar – we place a sell stop below that bar's low, and vice versa (if closing above) for long.
See example:
Attached Image



SL – at the opposite side of the engulfing bar.
TP = SL
Trade management:
Close 0.5 of the lot size at 20-50 pips (depends on the TF) and let other part of trade to run while SL moves to Breakeven.

Pending order is deleted if:
1. a new engulfing bar has been created or
2. pending order has not been filled for more than 5 bars after it was placed or
3. pending order has not been filled until weekend.

All open trades are closed before weekend.

Edit - 28.3.2014 - added Master_Candle_APB.v1.2.mq4 (Thanks to EasyRyder)
Update from 9-June-2014: please read post 365: http://www.forexfactory.com/showthread.php?p=7521839#post7521839
Attached File(s)
File Type: ex4 Synergy_APB.ex4   4 KB | 3,460 downloads
File Type: mq4 Master_Candle_APB.v1.2.mq4   5 KB | 3,650 downloads | Uploaded Mar 28, 2014 3:27pm
  • #2
  • Mar 23, 2014 6:35pm Mar 23, 2014 6:35pm
Hi Smilee89,

Just did a quick 6 months back test on AUD/USD. System did very well, especially when you take into account OB and OS areas.
Very simple. I like it! Well done.
  • #3
  • Mar 23, 2014 9:31pm Mar 23, 2014 9:31pm
Hello.

Is this the indi you are searching for?

Attached File(s)
File Type: mq4 Synergy_Pro_APB.mq4   6 KB | 2,461 downloads


Regards
  • #4
  • Mar 23, 2014 11:27pm Mar 23, 2014 11:27pm
Quoting howa61
Hello. Is this the indi you are searching for? {file} Regards
I look for coding the EA.
I already have this indi.
  • #5
  • Mar 24, 2014 12:14am Mar 24, 2014 12:14am
Quoting smilee89
{quote} I look for coding the EA. I already have this indi.
Hello i see you trade http://www.forexfactory.com/showthread.php?t=331718 but the EA stop to work or is only my problem?

Can you please upload your last EA and .set ?

Is that strategy still working?

many thanks
  • #6
  • Mar 24, 2014 12:52am Mar 24, 2014 12:52am
Quoting howa61
{quote} Hello i see you trade http://www.forexfactory.com/showthread.php?t=331718 but the EA stop to work or is only my problem? Can you please upload your last EA and .set ? Is that strategy still working? many thanks
I have the same problem with the new build (610) for that EA.
Since I changed the system I look for a new EA.
  • #7
  • Mar 24, 2014 2:04pm Mar 24, 2014 2:04pm
"The first bar to close outside the engulfing bar is the next bar we look for."

You are referring to the HA close and not the actual price close correct?
  • #8
  • Mar 24, 2014 2:21pm Mar 24, 2014 2:21pm
Hello,

I downloaded the .ex4 file and saved it in the indicators folder but I do not see it as an indicator option within MT4. Can someone let me know what Im doing wrong?

Thanks
  • #9
  • Edited 4:14pm Mar 24, 2014 3:36pm | Edited 4:14pm
Quoting kscarch
Hello, I downloaded the .ex4 file and saved it in the indicators folder but I do not see it as an indicator option within MT4. Can someone let me know what Im doing wrong? Thanks
On the MT4, 1)Open file 2)Then open DATA FOLDER 3)Open MQL4 4)Then copy the indi into the indicator folder and restart your computer
  • #10
  • Edited 4:05pm Mar 24, 2014 3:52pm | Edited 4:05pm
smilee89 have you tried putting the ex4 version (compiled under build <509) of the (engulfing) EA into the new build metatrader's "data folder"? ie MQL4/experts. that should make it work on the new 600+ build...

EDIT: tried it and it works on the new 600+ build, loads on chart.

EDIT2: tried loading the mq4 version and that also works, you just need to make sure its in the correct experts folder in the data folder of your mt4 platform (referring to engulfing minsize + trail ea)

Quoting smilee89
{quote} I have the same problem with the new build (610) for that EA. Since I changed the system I look for a new EA.
  • #11
  • Mar 24, 2014 4:25pm Mar 24, 2014 4:25pm
Quoting prof8t
"The first bar to close outside the engulfing bar is the next bar we look for." You are referring to the HA close and not the actual price close correct?
Yes. I refer to HA close.
  • #12
  • Mar 24, 2014 4:55pm Mar 24, 2014 4:55pm
Quoting blamshakk
smilee89 have you tried putting the ex4 version (compiled under build <509) of the (engulfing) EA into the new build metatrader's "data folder"? ie MQL4/experts. that should make it work on the new 600+ build... EDIT: tried it and it works on the new 600+ build, loads on chart. EDIT2: tried loading the mq4 version and that also works, you just need to make sure its in the correct experts folder in the data folder of your mt4 platform (referring to engulfing minsize + trail ea) {quote}
Thanks.
  • #13
  • Mar 24, 2014 5:45pm Mar 24, 2014 5:45pm
Hi smilee - is any TF prefered ?
I think it works for nearly every pair ?
  • #14
  • Mar 24, 2014 6:29pm Mar 24, 2014 6:29pm
note: the correct MQL4 folder is accessed via file/open data folder, a new option in the 600+ build. this is not the same as your main MQL4 folder in the main mt4 install directory.

Quoting smilee89
{quote} Thanks.
  • #15
  • Mar 24, 2014 8:29pm Mar 24, 2014 8:29pm
Quoting smilee89
{quote} Thanks.
Thanks blamshakk it works.

Can you please smilee upload your best .set for the old EA and tell what is the best TF you had use?

Many thanks
  • #16
  • Mar 25, 2014 12:51am Mar 25, 2014 12:51am
I prefer 4H TF.
AU.
0.5 lot at 20 pips second 0.5 at BE+3 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh4.png Size: 25 KB
  • #17
  • Mar 25, 2014 9:03am Mar 25, 2014 9:03am
gbpchf
Attached Image (click to enlarge)
Click to Enlarge Name: gc.png Size: 28 KB
  • #18
  • Mar 25, 2014 9:04am Mar 25, 2014 9:04am
usdchf
Attached Image (click to enlarge)
Click to Enlarge Name: uc.png Size: 27 KB
  • #19
  • Mar 25, 2014 10:29am Mar 25, 2014 10:29am
Hello any body can make this EA?

Thanks in advance
  • #20
  • Mar 25, 2014 10:53am Mar 25, 2014 10:53am
chfjpy
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpyh4.png Size: 28 KB
0 traders viewing now