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Advanced engulfing bar system

  • #181
  • Apr 3, 2014 10:20am Apr 3, 2014 10:20am
Quoting smilee89
{quote} When the EA is complete I will try to improve the SL place or in other words the R:R.
I got an idea smiley and easy rider why do we put risk ratio 1:1 ex. 10pips TP and 10pips SL I think its better and also we only enter trade on small candle because small candle gives good RISK RATIO than a BIG candle pls look at the pic below

Attached Image (click to enlarge)
Click to Enlarge Name: BOLANG.png Size: 32 KB
  • #182
  • Apr 3, 2014 10:50am Apr 3, 2014 10:50am
Quoting shinewel
hi smilee thanks for starting the thread... when i drag the master candle APB indi...my pc slows down a bit....but does not highlight any candle.......what could be the reason? however the older master candle indi highlights the candles......dont know what is the difference in these two indis 4hr is the ideal tf to trade using this method? giving more opportunities to trade without getting hit by s/l? please comment great day!
You must have "Synergy_APB" in your OpenDataFolder/MQL4/indicators directory.
  • #183
  • Apr 3, 2014 10:52am Apr 3, 2014 10:52am
Just to let everybody to know:
In the last week, I am working cooperatively with a great coder who contacted me by PM in this forum at FF.
His nick in FF: broketrader (http://www.forexfactory.com/broketrader), and I appreciate that much his effort to code my engulfing bar system.

Thank you A.L.
  • #184
  • Apr 3, 2014 11:01am Apr 3, 2014 11:01am
gu +20
Attached Image (click to enlarge)
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  • #185
  • Apr 3, 2014 11:30am Apr 3, 2014 11:30am
gchf +20
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfh4.png Size: 27 KB
  • #186
  • Apr 3, 2014 11:56am Apr 3, 2014 11:56am
Quoting smilee89
gchf +20 {image}
as you can see the risk ratio
Attached Image (click to enlarge)
Click to Enlarge Name: BOLANG.png Size: 51 KB
  • #187
  • Apr 3, 2014 12:08pm Apr 3, 2014 12:08pm
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}
Thanks very much for the EA.

Is it possible to have:

1. Fixed lot entry
2. Fixed TP & SL
3. Turn off close half feature
4. Enable trading on H1?

Thanks very much.

Victor
福 子 Victor V
  • #188
  • Apr 3, 2014 12:19pm Apr 3, 2014 12:19pm
Quoting smilee89
gchf +20 {image}
i don't know where is corect point to start the trade
Attached Image (click to enlarge)
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  • #189
  • Apr 3, 2014 12:44pm Apr 3, 2014 12:44pm
Quoting EasyRyder
{quote} You must have "Synergy_APB" in your OpenDataFolder/MQL4/indicators directory.
hi can somebody help me put this ea on the MT4 i follow all the instruction I inserted the
Master Candle_ABP.v1.2(1)MQL4 EA on Expert Folder under MQL4 folder then Inserted the
synergy_APB(2)Ex4 on Indicator folder under MQL4 folder but when i try to drag the EA on the
chart the EA was not inserted on the chart


thnx in advance
  • #190
  • Apr 3, 2014 12:49pm Apr 3, 2014 12:49pm
Quoting EasyRyder
{quote} You must have "Synergy_APB" in your OpenDataFolder/MQL4/indicators directory.
IM getting this error when I try to drag the EA on the chart

2014.04.03 13:45:47.671 'Master_Candle_APB.v1.2(1)' is not expert and cannot be executed
2014.04.03 13:45:45.312 'Master_Candle_APB.v1.2(1)' is not expert and cannot be executed
2014.04.03 13:45:38.234 Synergy_APB(2) EURUSD,M15: initialized
2014.04.03 13:45:38.125 Custom indicator Synergy_APB(2) EURUSD,M15: loaded successfully


thnx in advance
  • #191
  • Apr 3, 2014 1:29pm Apr 3, 2014 1:29pm
don't bather. the ea is not by the rules.
  • #192
  • Apr 3, 2014 3:06pm Apr 3, 2014 3:06pm
Smilee,

On the Master Candle v.2, do you keep the Min Engulf Candles to Value 1? I know the default was 4, but I seem to be getting many Master Candle alerts.
Thanks, Joey
  • #193
  • Apr 3, 2014 3:09pm Apr 3, 2014 3:09pm
Hi Smilee89
Thank you for your note
Pls check the two charts and tell me the difference if any
by pointing it on same chart
Thank you
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  • #194
  • Apr 3, 2014 4:02pm Apr 3, 2014 4:02pm
Quoting biDc
This strategy seems interesting. But am I missing something here in that your SL is a lot greater than TP (seems TP is around 20 pips on your posts thus far).
Hi
What u said is true
But although we do live trades, we r forward testing this strategy
and SL and TP remain subject to modification till we do the necessary
number of testings-
------------
Herewith EURGBP
Attached Image (click to enlarge)
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  • #195
  • Apr 3, 2014 4:51pm Apr 3, 2014 4:51pm
Quoting Forexbuster
{quote} IM getting this error when I try to drag the EA on the chart 2014.04.03 13:45:47.671 'Master_Candle_APB.v1.2(1)' is not expert and cannot be executed 2014.04.03 13:45:45.312 'Master_Candle_APB.v1.2(1)' is not expert and cannot be executed 2014.04.03 13:45:38.234 Synergy_APB(2) EURUSD,M15: initialized 2014.04.03 13:45:38.125 Custom indicator Synergy_APB(2) EURUSD,M15: loaded successfully thnx in advance
Buster, Master_Candle_APB.v1.2 is an indicator not an expert. It goes in the MQL4/Indicators directory. Master_Candle_APB.v1.2 calls Synergy_APB, so Synergy_APB must be in the MQL4/Indicators directory, and it must be named EXACTLY "Synergy_APB" (not"Synergy_APB(2)") or things will not work. I do not know what you mean when you say you drag the EA onto the screen. Nothing I have provided to this thread is an EA. If you are trying to load the EA that has been written for this thread, I suggest you direct your question to the author of the EA.
  • #196
  • Apr 4, 2014 12:41am Apr 4, 2014 12:41am
Quoting chehab
{quote} Hi What u said is true But although we do live trades, we r forward testing this strategy and SL and TP remain subject to modification till we do the necessary number of testings- ------------ Herewith EURGBP {image}
Look at your right chart 1.4.2014, there are 2 red lines that mark the lows, but there are no lows there, only in the MC you see them.
  • #197
  • Apr 4, 2014 1:47am Apr 4, 2014 1:47am
For improving the R/R would it be an idea to have an mtf option on the indy? So one could trade price action on the H1 or M15 for entry and stop.
  • #198
  • Apr 4, 2014 3:39am Apr 4, 2014 3:39am
Good idea Anus
  • #199
  • Apr 4, 2014 3:39am Apr 4, 2014 3:39am
ecad +20
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  • #200
  • Apr 4, 2014 4:13am Apr 4, 2014 4:13am
Quoting smilee89
Good idea Anus
Whoaaahahaaa. You just made my day.
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