Daily green/red candle | Page 87 | 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

  • #1,721
  • Oct 11, 2015 4:15pm Oct 11, 2015 4:15pm
Attached Image (click to enlarge)
Click to Enlarge Name: GR.png Size: 25 KB
  • #1,722
  • Oct 12, 2015 1:26am Oct 12, 2015 1:26am
Attached Image (click to enlarge)
Click to Enlarge Name: gr4.png Size: 44 KB
  • #1,723
  • Oct 12, 2015 5:53am Oct 12, 2015 5:53am
Quoting Erebus
{quote} ABSOLUTELY CORRECT as I just posted, the EA can be your guide but your ultimate goal is to recognize PRICE ACTION someone asked about trend filter, try this, it's a Non Lag Moving Average, set to 1 for Exponential and I use 40 period on this chart of course you will miss the very tops and bottoms, but the rest will be great trading with big trends {image} {file}
Hello,

Do you have this indicator in MTF?

Green pips
Bottomless wonders spring from simple rules, which are repeated without end
  • #1,724
  • Edited 8:21am Oct 12, 2015 6:29am | Edited 8:21am
Attached Image (click to enlarge)
Click to Enlarge Name: gr6.png Size: 39 KB
  • #1,725
  • Oct 12, 2015 3:46pm Oct 12, 2015 3:46pm
Attached Image (click to enlarge)
Click to Enlarge Name: gr7.png Size: 56 KB
  • #1,726
  • Oct 12, 2015 7:17pm Oct 12, 2015 7:17pm
Quoting limprobable
{quote} Hello, Do you have this indicator in MTF? Green pips
No, not me, just have to try searching... or change time frames
It takes a lot for me to IGNORE you, but you can try.
  • #1,727
  • Oct 14, 2015 1:52am Oct 14, 2015 1:52am
Attached Image (click to enlarge)
Click to Enlarge Name: gr.png Size: 38 KB
  • #1,728
  • Oct 14, 2015 8:17am Oct 14, 2015 8:17am
Attached Image (click to enlarge)
Click to Enlarge Name: gr.png Size: 28 KB
  • #1,729
  • Oct 15, 2015 2:58am Oct 15, 2015 2:58am
Attached Image (click to enlarge)
Click to Enlarge Name: gr.png Size: 31 KB
  • #1,730
  • Oct 20, 2015 1:48am Oct 20, 2015 1:48am
Attached Image (click to enlarge)
Click to Enlarge Name: GREEN_RED.png Size: 45 KB
  • #1,731
  • Oct 21, 2015 6:34pm Oct 21, 2015 6:34pm
hi dimdel finally I took tjme this evening to explain what I PM...

first thank for to share and your sharing thing give this inspiration but I need to EA to test very well if is good and until now look good I build also the excel file with the real OPEN CLOSE HIGH LOW data for 4 week's and it is very long PLEASE note also ENGLISH IS NOT MY NATIVE LANGUAGE...

this strategy trie to recupere the losses and with all of you with open mind I am sure we can find a good solution or code the strategy

Look attached file

if some of you speak french and help me to transale it will be better

hace a nice green day


Liberty55
Attached Image(s) (click to enlarge)
Click to Enlarge Name: stategy_daily.PNG Size: 60 KB
Click to Enlarge Name: ressultatdaily_eurjpy.PNG Size: 213 KB
Click to Enlarge Name: ressultatdaily_GBPjpy.PNG Size: 172 KB
  • #1,732
  • Oct 21, 2015 11:51pm Oct 21, 2015 11:51pm
Quoting liberty55
hi dimdel finally I took tjme this evening to explain what I PM... first thank for to share and your sharing thing give this inspiration but I need to EA to test very well if is good and until now look good I build also the excel file with the real OPEN CLOSE HIGH LOW data for 4 week's and it is very long PLEASE note also ENGLISH IS NOT MY NATIVE LANGUAGE... this strategy trie to recupere the losses and with all of you with open mind I am sure we can find a good solution or code the strategy Look attached file if some of you speak french and help...
thanks liberty for your idea

i am no coder but i will search it manuall
and i will tell you what i see

with first view it seems good
  • #1,733
  • Edited 7:18am Oct 22, 2015 6:14am | Edited 7:18am
if I don't did some mistake... it is good and you can look I work with 2 pairs and lot size = $0.05 even I have some loss .. after 10 weeks the account incresce around 60% and you look aslo a second trake at 50 pips from the fisrt one....

hope we can find a good coder to explore this way.... imagine you $1000 and you work with a lot size of $0.25the risk is always control because the stop loss . What you don't realy know is how big wil be the multiplicator in eurjpy the max is 10 in janvier 2013


hope we find a coder...

Liberty55
  • #1,734
  • Oct 22, 2015 6:31am Oct 22, 2015 6:31am
Hi Liberty55,

looks good, do you use the same rules as dimdel for TP and Stop Loss? Or do you let the trade run for the complete day?​
  • #1,735
  • Oct 22, 2015 8:16am Oct 22, 2015 8:16am
Quoting Forex Lion
Hi Liberty55, looks good, do you use the same rules as dimdel for TP and Stop Loss? Or do you let the trade run for the complete day?​
HI LION
i think 100-150 TP or the end of the day close with any profit
need clarify
  • #1,736
  • Oct 22, 2015 12:57pm Oct 22, 2015 12:57pm
Attached Image (click to enlarge)
Click to Enlarge Name: gr2.png Size: 62 KB
  • #1,737
  • Oct 22, 2015 1:04pm Oct 22, 2015 1:04pm
I use a fix number of lot ex: 0.01 stoploss 50 pips ( maybe an ea help to find the best stoploss) and target ususaly it is the close of the day but, because the the large swing in the day I can use 100-150 pips ( EA can help us to find the best TP)

after 50pips of gain I take an 2e trade with same parameter and the first one are at BE... if you see the excel files after 10 weeks even if you have loss during 10 days consecultively.... the total growing for the account is good...

it is the reason I hope to find a good coder and share the stragety for all

The excel file is the data from metacote histoty ( real data...)and teh target is the close of the day

hope is more clear
  • #1,738
  • Oct 22, 2015 2:20pm Oct 22, 2015 2:20pm
imagine my startegy with the picturew of dimdel : the green candle was a loss ( 50 pips) for me the next candle is also a loss ( 2 x 50 pips0 but the 3e candle ( today) it was a win with all recuperation and more ( drop about 200 pips... at 3x lot size initial....


Have a nice day

Liberty55
  • #1,739
  • Oct 22, 2015 2:46pm Oct 22, 2015 2:46pm
Quoting liberty55
imagine my startegy with the picturew of dimdel : the green candle was a loss ( 50 pips) for me the next candle is also a loss ( 2 x 50 pips0 but the 3e candle ( today) it was a win with all recuperation and more ( drop about 200 pips... at 3x lot size initial.... Have a nice day Liberty55
hi liberty something you dont explain clearly or i cant get you

the 3rt candle from the end is green well x 0,5 lot , you lose , you was short bcz 4rth red candle ok? ( -20 pip+spread =- 22 pip at the end of the day )
well
the 2nd you put 2 orders x 0.5 lot and win 6 pip - spread = 2X6-4=8 pip ( end of day)
the last big candle you put 1 order x o.5 lot bcz won before and win all the candle? where TP? LET IT RUN?

??
  • #1,740
  • Oct 22, 2015 8:24pm Oct 22, 2015 8:24pm
HI dimdel
the green candle ( 2015-10-20 on eurusd chart) is a loss because the precious candle was red we take a buy order at the open day and because the market hit the stoploss ( 50 pips ) you lose $0.05 X 50 = $2.50 ( dont forget in the example I use nanolot)
the next candle I take position with a buyorder ( the previous days was a green..)... and i lose at the end of the day ( close is lower then the open) because you add 1 more lot at the initial lot , your lost are (2X0.05) X ( open - close) around 10 pips= $1.00 and today you are in the market with a sell because the previous day was red. the market never hit you stop loss and at the close you have a difference bethween close and open of around 220 pips. now you (3 X 0.05) x 220 pips= $33.00 and net gain after 3 days: $33.00 - $1.00 -$2.50 = $29.50.

you could do better if you add a trade 50 pips lower and place the first order at BE....and take profit at the end of day


hope is more clear..

liberty 55
3 traders viewing now