Daily green/red candle | Page 31 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

need simple indicator for Daily green/red candle 2 replies

MT4 candle-by-candle manual backtesting 9 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: Daily green/red candle
Exit Attachments

Daily green/red candle

  • #601
  • May 19, 2015 9:35pm May 19, 2015 9:35pm
Quoting AbhijetPandi
Hi Dimdel, Please find attached EA. Basically to show all 28 pairs in which the candle is having color change on daily chart. Based on 1 Post, the previous and 2nd last candle are compared. If previous candle is different than last 2nd candle, the pair is shown with the current trend either up or down. If this is correct, then i was planning to trigger buy stop/limit or sell stop/limit on each pair. Also the pair button can be clicked to open a chart with desired template to cross check the previous candles. Please let me know if candle comparison...
What good work.

I am sure this could be enhanced with some additional columns for fib levels like Dingdong99 did in the GVC thread - then you don't need to look at the chart at all. It's all in front of you for every pair. Just click buy or sell or better still - automate it.
  • #602
  • May 19, 2015 10:04pm May 19, 2015 10:04pm
Quoting ChicagoRob
Entries per the rules, monitoring with price action. {image}
  • #603
  • May 20, 2015 5:30am May 20, 2015 5:30am
Quoting veslup
First I have to thanks to Dimdel for sharing this profitable strategy. I am reading this thread since it was started and testing this strategy on demo account. I was started with 300 USD and now I am with 1300 USD trading all currencies. And that is for 3 days. So I want to bring you attention regarding the proper Money Management. Maybe, maybe there is the key for success. I have attached 2 files and I hope that you are going to read carefully and understand the conception. Best Regards Everybody. And I wish you many, many green pips. {image} {file}...
Interesting reading!

Thanks! Very much appreciated
Blindly following others will make you blind!
  • #604
  • May 20, 2015 5:58am May 20, 2015 5:58am
goodmorning warriors
till end day will return +
  • #605
  • May 20, 2015 6:32am May 20, 2015 6:32am
Quoting remym17
How do u follow 28 pairs signal at once and which criteria u decided to choose trade 4 from 11
Hello, it's a good question Dimdel. What is your filter of right signals? Thanks
  • #606
  • May 20, 2015 6:49am May 20, 2015 6:49am
Hello Gentlemen. Great thread Dimdel. I have been manually backtesting and I am astonished that a "simple" strategy like this works so well.
  • #607
  • May 20, 2015 7:03am May 20, 2015 7:03am
Quoting JoshuaHope
Hello Gentlemen. Great thread Dimdel. I have been manually backtesting and I am astonished that a "simple" strategy like this works so well.
thanks friend

the point is no if work but if will work
  • #608
  • May 20, 2015 7:24am May 20, 2015 7:24am
Hi Dimdel,

Instead of why dont we try using a heiken ashii for daily candle chart, I think it will increased the potential of win.. (just my thought).
I will implement this method + HA
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #609
  • May 20, 2015 8:38am May 20, 2015 8:38am
Quoting Dezil
EA attached. settings: RiskSum - the sum in dollars which you want to risk in each trade. Default 0 RiskPercent - what part of current balance you want to risk in each trade. Default 3%. If you set it to 0 then EA will use RiskSum to calculate risk per trade SLfactor - what part of previous candle size you want to use as SL. Default 1 - that means that SL is all previous candle size. TPfactor - the same as SL. Default 1 - means that TP=SL or RR 1/1 or TP is Fibo 200. I So if you want RR 1/2 set it to 2. Actually you can use any value. BEfactor -...
There are a few bugs in this EA which I hope you can fix.

RiskSum doesnt work - EA ignores this and goes ahead with RiskPercent in terms of calculating lot size.

The EA opened a pending orders and then closed it immediately at breakeven. Not sure why?

The on AUDNZD when I loaded the EA - immediately a sell was opened - as soon as it went to breakeven - trade got closed.
  • #610
  • May 20, 2015 8:59am May 20, 2015 8:59am
Hi dudes,
Can I ask you why you removed the the live account performance result form th thread????
  • #611
  • May 20, 2015 9:16am May 20, 2015 9:16am
Quoting andy_l
Hi Dimdel, Instead of why dont we try using a heiken ashii for daily candle chart, I think it will increased the potential of win.. (just my thought). I will implement this method + HA
Please don't use HA
HA is designed to identify trends better in chart by calculating average between candlesticks high, low, open & close. Meanwhile Dimdel's method is search for reversing trend candlestick & assume the next candlestick follows the changing trend. Applying HA over it will create a lot of false signals on reverse colored candlesticks.
Dimdel's method is as good as it is, simple yet elegant. Maybe an EA dashboard that auto trades on new daily candlestick while filter out candlestick color patterns like the picture below would be nice
Attached Image
  • #612
  • May 20, 2015 9:58am May 20, 2015 9:58am
Quoting lunarus
{quote}Please don't use HA HA is designed to identify trends better in chart by calculating average between candlesticks high, low, open & close. Meanwhile Dimdel's method is search for reversing trend candlestick & assume the next candlestick follows the changing trend. Applying HA over it will create a lot of false signals on reverse colored candlesticks. Dimdel's method is as good as it is, simple yet elegant. Maybe an EA dashboard that auto trades on new daily candlestick while filter out candlestick color patterns like the picture below would...

exactly
  • #613
  • May 20, 2015 10:01am May 20, 2015 10:01am
i would like AbhijetPandi

to show me the way to take off some pairs and to have only my pairs , no all
thanks
  • #614
  • May 20, 2015 10:20am May 20, 2015 10:20am
Dimdel's method is as good as it is, simple yet elegant. Maybe an EA dashboard that auto trades on new daily candlestick while filter out candlestick color patterns like the picture below would be nice {image}[/quote]
Thanks for your opinion Lunarus
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #615
  • May 20, 2015 10:29am May 20, 2015 10:29am
Quoting dimdel
i would like AbhijetPandi to show me the way to take off some pairs and to have only my pairs , no all thanks
1. Drag EA to the chart
2. Change setting "use the default 28 pairs" to "FALSE"
3. Enter the pairs you want to see in the setting "Comma separated own pair list" - for example - "AUDCAD,XAUUSD,USDJPY,EURJPY"
4. Click OK
  • #616
  • May 20, 2015 10:31am May 20, 2015 10:31am
Quoting fxtrader08
{quote} 1. Drag EA to the chart 2. Change setting "use the default 28 pairs" to "FALSE" 3. Enter the pairs you want to see in the setting "Comma separated own pair list" - for example - "AUDCAD,XAUUSD,USDJPY,EURJPY" 4. Click OK
Right FxTrade...

other way is simply open .mq4 file and change the following variable:

string DefaultPairs[] = {"AUDCAD","AUDCHF","AUDJPY","AUDNZD","AUDUSD","CADCHF","CADJPY","CHFJPY","EURAUD","EURCAD","EURCHF","EURGBP","EURJPY","EURNZD","EURUSD","GBPAUD","GBPCAD","GBPCHF","GBPJPY","GBPNZD","GBPUSD","NZDCAD","NZDCHF","NZDJPY","NZDUSD","USDCAD","USDCHF","USDJPY"};

Then Compile the code for all time change.
  • #617
  • May 20, 2015 10:54am May 20, 2015 10:54am
Quoting AbhijetPandi
{quote} Right FxTrade... other way is simply open .mq4 file and change the following variable: string DefaultPairs[] = {"AUDCAD","AUDCHF","AUDJPY","AUDNZD","AUDUSD","CADCHF","CADJPY","CHFJPY","EURAUD","EURCAD","EURCHF","EURGBP","EURJPY","EURNZD","EURUSD","GBPAUD","GBPCAD","GBPCHF","GBPJPY","GBPNZD","GBPUSD","NZDCAD","NZDCHF","NZDJPY","NZDUSD","USDCAD","USDCHF","USDJPY"}; Then Compile the code for all time change.
hehe
someone to do it for me because i am a old man , My hands are shaking, my legs did not hold me ,..... do you want more?
and send the file
thanks
  • #618
  • May 20, 2015 10:54am May 20, 2015 10:54am
Dimdel
Quoting dafa
{quote} Hello, it's a good question Dimdel. What is your filter of right signals? Thanks
  • #619
  • May 20, 2015 11:35am May 20, 2015 11:35am
Hi there

Just my thoughts and experience. The days before fomc / ezb are not ideal to trade on big TFs. the market is waiting those news ...
  • #620
  • May 20, 2015 11:46am May 20, 2015 11:46am
Quoting dimdel
{quote} hehe someone to do it for me because i am a old man , My hands are shaking, my legs did not hold me ,..... do you want more? and send the file thanks
I will do it but you have to write your pairs.;-)
1 trader viewing now