Daily green/red candle | Page 68 | 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

  • #1,341
  • Edited 8:23am Jun 29, 2015 7:42am | Edited 8:23am
Quoting shahed58
For long: 1- Body of the latest Daily candle is greater than body of the previous 2 daily candles 2- Previous daily candle must be bearish 3- Close of latest candle is more than close of the previous candle For short: 1- Body of the latest Daily candle is greater than body of the previous 2 daily candles 2- Previous daily candle must be bullish 3- Close of latest candle is less than close of the previous candle best regard yeganeh

hi, shahed58!

Thanx for You method.
I am a beginner MQL-programmer and wrote the indicator.
Anyone can test it.
Attached File(s)
File Type: ex4 i-msTheFollowingMethod.ex4   11 KB | 318 downloads
  • #1,342
  • Jun 29, 2015 8:37am Jun 29, 2015 8:37am
hi, Dimdel

i want template of HA BEST CLOSE CANDLE, Thanks.
  • #1,343
  • Jun 29, 2015 9:49am Jun 29, 2015 9:49am
Quoting shahed58
hi dimdel I like your strategy. I am a beginner. But i think , The combination of The following method with your strategy Have a good result. (Though The number of signals Will be low) For long: 1- Body of the latest Daily candle is greater than body of the previous 2 daily candles 2- Previous daily candle must be bearish 3- Close of latest candle is more than close of the previous candle For short: 1- Body of the latest Daily candle is greater than body of the previous 2 daily candles 2- Previous daily candle must be bullish 3- Close of latest...
yes is clever think shahed
thanks
i will test it
  • #1,344
  • Jun 29, 2015 10:52am Jun 29, 2015 10:52am
Sorry Dimdel, I have a question about best close.

in red candle the close above the open ===> In fact, the real candle Bullish.
in green candle the close bellow the open ===> In fact, the real candle Brearish.

Do I understand correctly?

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: best_close.png Size: 77 KB
be healthy and wealthy... Ceeport
  • #1,345
  • Jun 29, 2015 1:30pm Jun 29, 2015 1:30pm
Hi, dimdel, I don't understand with best close how apply fibo, SL, TP.
For example, now, on EU, if I sell, where is SL? and TP? thanks, and hope for Ellas!
  • #1,346
  • Jun 29, 2015 1:59pm Jun 29, 2015 1:59pm
hi shahed
hi tani

Attached Image (click to enlarge)
Click to Enlarge Name: 2best.png Size: 71 KB
  • #1,347
  • Jun 29, 2015 2:06pm Jun 29, 2015 2:06pm
if the signals are valid till 12.00
then i must put orders in all blue pairs
but is too much for me
and i dont know yet what pairs i must trade
max 8 perhaps

Attached Image (click to enlarge)
Click to Enlarge Name: vvvvvvvvvv.png Size: 101 KB
  • #1,348
  • Jun 29, 2015 2:13pm Jun 29, 2015 2:13pm
why wait to 12.00 tomorrow? Not 00.00 tonight?
  • #1,349
  • Jun 29, 2015 3:25pm Jun 29, 2015 3:25pm
Quoting dimdel
hi shahed hi tani {image}
Thanks for your reply.
It was excellent.
be healthy and wealthy... Ceeport
  • #1,350
  • Jun 29, 2015 3:55pm Jun 29, 2015 3:55pm
Quoting Tani
why wait to 12.00 tomorrow? Not 00.00 tonight?
i mean 00.00
  • #1,351
  • Jun 29, 2015 4:10pm Jun 29, 2015 4:10pm
finally my orders tonight plus gold at 01.00




Attached Image (click to enlarge)
Click to Enlarge Name: ton.png Size: 82 KB
  • #1,352
  • Jun 29, 2015 4:36pm Jun 29, 2015 4:36pm
Quoting dimdel
if the signals are valid till 12.00 then i must put orders in all blue pairs but is too much for me and i dont know yet what pairs i must trade max 8 perhaps {image}
Dimdel, how you get blue chart signal? Is it manual set?
  • #1,353
  • Jun 29, 2015 5:18pm Jun 29, 2015 5:18pm
Quoting Azzych
{quote} Dimdel, how you get blue chart signal? Is it manual set?

background color you can set any color you like manual
the color just help me to see what i am trading
  • #1,354
  • Jun 30, 2015 2:37am Jun 30, 2015 2:37am
Quoting Azzych
If you want "totaly risk 14% for any day = 14%/5 pairs = 2,8% for any pairs" you just need to put 2.8% in to indicator settings. For example formula for sell: Maximum price of closed bar - Close price = 2.8% of your balance. So it means ,with 6200 balance any your trade will SL- 173.6$ In pips it can be any amount. so 1st pair sl=133pip lot = 1.31 (173.6$ / 133 pips) 2nd pair sl=22pip lot = 7.89 My MM is - 2% loss for one trade, so i dont need to change indicator settings for any trade.
indicator would be powerful if it calculated where to put SL and TP
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #1,355
  • Jun 30, 2015 6:25am Jun 30, 2015 6:25am
Quoting Soros
{quote} indicator would be powerful if it calculated where to put SL and TP
It calculate SL and shows you lot for trade (formula is SL= 2% of your balance).

How i use it

1. in 00-00 when the day candle close. I look on indicator signal.
2. Place buy or sell order in current price.
3. SL will be High+1pips if I sell , and low-1pips if I Buy
4. TP will have same points as SL ( if risk/profit = 1:1)

So i dont need any lines for showing TP and SL.

new version with lines SL (red),TP(green) and Enter (blue). And fix formula calculation high/low
Attached Images
Attached File(s)
File Type: ex4 Green_Red_v3_fixed.ex4   9 KB | 329 downloads
File Type: mq4 Green_Red_v3_fixed.mq4   4 KB | 389 downloads
  • #1,356
  • Jun 30, 2015 8:21am Jun 30, 2015 8:21am
Quoting Azzych
{quote} It calculate SL and shows you lot for trade (formula is SL= 2% of your balance). How i use it 1. in 00-00 when the day candle close. I look on indicator signal. 2. Place buy or sell order in current price. 3. SL will be High+1pips if I sell , and low-1pips if I Buy 4. TP will have same points as SL ( if risk/profit = 1:1) So i dont need any lines for showing TP and SL. new version with lines SL (red),TP(green) and Enter (blue). And fix formula calculation high/low {image} {image} {file} {file}
youre the Man!!!!!!!!!!!! does it work alone or do i also need to load the Has indicators?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #1,357
  • Jun 30, 2015 8:27am Jun 30, 2015 8:27am
my closed today orders


Attached Image (click to enlarge)
Click to Enlarge Name: bbbbb.png Size: 34 KB
  • #1,358
  • Jun 30, 2015 8:31am Jun 30, 2015 8:31am
Quoting Soros
{quote} youre the Man!!!!!!!!!!!! does it work alone or do i also need to load the Has indicators?
it works alone. HA indicator is standart for mt4, you already have it.
  • #1,359
  • Jun 30, 2015 8:34am Jun 30, 2015 8:34am
Quoting Azzych
{quote} it works alone.

great, thank you. I use a progresive MM though, thats the only way to succeed in forex, using progressive compounding, so instead of the indicator calculating based on %, can you add a function to make it calculate based on the $ amount that you are willing to loose.

thanks in Advanced Soros!
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #1,360
  • Jun 30, 2015 8:37am Jun 30, 2015 8:37am
Quoting Azzych
{quote} it works alone.
Hi, so that means if I have for example signal to sell, I will open it and we will then show tp and sl and I should enter it in the open position? Correct thinking? Sorry for my English.
6 traders viewing now