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Attachments: Advanced engulfing bar system
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Advanced engulfing bar system

  • #81
  • Mar 28, 2014 12:15am Mar 28, 2014 12:15am
I have been wanting to develop a price action system for some time now and this might be a good start.
Please check out my blog at https://from-zero-to-hero . net
  • #82
  • Mar 28, 2014 2:07am Mar 28, 2014 2:07am
Hi
Can you please post the indicator you use in marking out the engulfing scenario to be considered.
  • #83
  • Mar 28, 2014 2:20am Mar 28, 2014 2:20am
Change first param to 1 and colors to white.
Attached File(s)
File Type: mq4 Master_Candle.mq4   3 KB | 986 downloads
  • #84
  • Mar 28, 2014 3:08am Mar 28, 2014 3:08am
eu +20
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd h4.png Size: 22 KB
  • #85
  • Mar 28, 2014 3:16am Mar 28, 2014 3:16am
gchf +20
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfh4 .png Size: 18 KB
  • #86
  • Mar 28, 2014 4:30am Mar 28, 2014 4:30am
Thanks Smile for the indie. You are splendid.
  • #87
  • Mar 28, 2014 5:28am Mar 28, 2014 5:28am
Quoting smilee89
Change first param to 1 and colors to white. {file}


This indicator is the original candle high and low shows, no HA candle. However, the SL should be adapted to the HA candles, not the original candles, right?
Sorry my horrible english :-)
  • #88
  • Mar 28, 2014 6:05am Mar 28, 2014 6:05am
Quoting orkati
{quote} This indicator is the original candle high and low shows, no HA candle. However, the SL should be adapted to the HA candles, not the original candles, right?
Yes, I change the indi manually if it is not drawing the high and low of HA.
SL according HA too.
  • #89
  • Mar 28, 2014 6:13am Mar 28, 2014 6:13am
Quoting smilee89
gchf +20 {image}

Do you have any statistics of this strategy like drawdown (with specifc % risk per trade), monthly profit, profit factor (sum of earnigs divided by sum of loses), % of winning trades? Of course I'm talking about live trading, not demo or backtests...

I guess you don't have, because you are not responding...
  • #90
  • Mar 28, 2014 6:32am Mar 28, 2014 6:32am
Quoting insomniawawa
{quote} Do you have any statistics of this strategy like drawdown (with specifc % risk per trade), monthly profit, profit factor (sum of earnigs divided by sum of loses), % of winning trades? Of course I'm talking about live trading, not demo or backtests... I guess you don't have, because you are not responding...
I guess he just started forward testing it, and wants an EA to backtest it. So, the answer to your smart question, is most most most likely no. Think...
  • #91
  • Edited 12:06pm Mar 28, 2014 6:38am | Edited 12:06pm
Quoting baccarat
{quote} I guess he just started forward testing it, and wants an EA to backtest it. So, the answer to your smart question, is most most most likely no. Think...

Answer like "no, I'm testing it for a while" really doesn't hurt
  • #92
  • Edited 11:31am Mar 28, 2014 7:50am | Edited 11:31am
Quoting smilee89
{quote} Yes, I change the indi manually if it is not drawing the high and low of HA. SL according HA too.
Nice system, smile. Attached you will find a modified version of Master_Candle that draws tops and bottoms based upon Synergy_APB (Master_Caandle_APB). I have not tested it extensively, but believe you will find it correct. "Master_Candle_APB" goes in the proper build 600+ /indicators directory and requires that "Synergy_APB" be in the /indicators directory also.

Good trading.

Note that Master_Candle_APB.v1.1 is the version you should use.
Attached File(s)
File Type: ex4 Master_Candle_APB.v1.1.ex4   5 KB | 571 downloads
  • #93
  • Mar 28, 2014 8:49am Mar 28, 2014 8:49am
so finally i added some more rules to the EA in Ver. 1.1

"1.1 - Delete pending order older then (5) Bars"
" - Close half Lot after (20) pips"
" - Move SL of half the Lot to Entry"

Attached File(s)
File Type: ex4 AEBS Expert.ex4   15 KB | 656 downloads
Attached File(s)
File Type: mq4 AEBS Expert.mq4   10 KB | 850 downloads
Online Prop Firms are not the solution
  • #94
  • Mar 28, 2014 8:59am Mar 28, 2014 8:59am
Quoting pungggi
so finally i added some more rules to the EA in Ver. 1.1 "1.1 - Delete pending order older then (5) Bars" " - Close half Lot after (20) pips" " - Move SL of half the Lot to Entry" {file}{file}

Hello pungggi thanks for the new EA.

What was the setting/rules for the old one?

Regards
  • #95
  • Mar 28, 2014 9:13am Mar 28, 2014 9:13am
Quoting howa61
{quote} Hello pungggi thanks for the new EA. What was the setting/rules for the old one? Regards
The EA was not complete according to the rules in the first post.

What is still missing.. -Close orders before Weekend..
Online Prop Firms are not the solution
  • #96
  • Mar 28, 2014 9:39am Mar 28, 2014 9:39am
Quoting insomniawawa
{quote} Do you have any statistics of this strategy like drawdown (with specifc % risk per trade), monthly profit, profit factor (sum of earnigs divided by sum of loses), % of winning trades? Of course I'm talking about live trading, not demo or backtests... I guess you don't have, because you are not responding...
I am also very interested in what the system can produce negative RR.
Sorry my horrible english :-)
  • #97
  • Mar 28, 2014 9:40am Mar 28, 2014 9:40am
punggg,

Thank you for the EA and for posting the .mq4 file !! Very much appreciated
  • #98
  • Mar 28, 2014 10:21am Mar 28, 2014 10:21am
hi Smile, thanks for share your system.
Would be correct this ??

http://i58.tinypic.com/2cx3yr.png
  • #99
  • Mar 28, 2014 11:16am Mar 28, 2014 11:16am
Quoting arkan1976
hi Smile, thanks for share your system. Would be correct this ?? {image}
That depends on where is your SL. If the line marked candle tops, the first and the second case has not reached stops the price, plus has plenty of both.
Sorry my horrible english :-)
  • #100
  • Mar 28, 2014 11:48am Mar 28, 2014 11:48am
Quoting EasyRyder
{quote} Nice system, smile. Attached you will find a modified version of Master_Candle that draws tops and bottoms based upon Synergy_APB (Master_Caandle_APB). I have not tested it extensively, but believe you will find it correct. "Master_Candle_APB" goes in the proper build 600+ /indicators directory and requires that "Synergy_APB" be in the /indicators directory also. Good trading. Note that Master_Candle_APB.v1.1 is the version you should use. {file}
The indi isn't working well.
It draws Ha bars that do not engulf next HA bar.
Attached Image (click to enlarge)
Click to Enlarge Name: master bug.png Size: 31 KB
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