Disliked{quote} That difference makes sense. However, it seems that outside bar is also known as engulfing bar in the terminology of some traders.Ignored
MT4/MT5 EAs/Indicators/Alerts coder
Bar chart patterns? 14 replies
3 Bar Fractal with mid-bar and bar on each side 11 replies
Pin bar, pin bar, pin bar 0 replies
Disliked{quote} That difference makes sense. However, it seems that outside bar is also known as engulfing bar in the terminology of some traders.Ignored
DislikedBuy pattern: D=U Sell Pattern: U=D Backtest,{image} Sample trade,{image}Ignored
DislikedBar_Sequence_02 EA Currently the EA allows for Only one trade to be active at any time. For example if a buy trade is on, and a new sell signal came it will be ignored. This is unfair in evaluating the sequence. Applying Close&Reverse will affect R:R. Applying All signals might create huge number of transactions (if the sequence is very frequent) which will affect profitability due to transaction cost. So I will make a new version that will allow one buy and one sell to be active at the same time and take their course to TP or SL, or may its better...Ignored
Disliked{quote} Next bar prediction sounds great but I would also include an option for TP in this version. So next bar hits TP or Close whichever comes first.Ignored
DislikedBar_Sequence_02 EA Currently the EA allows for Only one trade to be active at any time. For example if a buy trade is on, and a new sell signal came it will be ignored. This is unfair in evaluating the sequence. Applying Close&Reverse will affect R:R. Applying All signals might create huge number of transactions (if the sequence is very frequent) which will affect profitability due to transaction cost. So I will make a new version that will allow one buy and one sell to be active at the same time and take their course to TP or SL, or may its better...Ignored
Disliked{quote} Hi abokwaik; Do you take into account where the Candle Sequence occurred in reference to Market Structure? I would have thought it more important to think, in terms, of the Forces creating the candles than the candles themselves? The candles that are printed, for each TF, allow us to see the Accumulation - Manipulation - Distribution that Institutional Money is carrying out. Only when you understand the Forces that are creating the candles will you know where to start looking for Candle Sequences to take Trades.Ignored
Disliked{quote} No. It is much simpler. It is only a sort of statistical research tool which can be used to identify profitable candle type sequences. I wonder if some one can provide symbolic representation for accumulation or distribution examples.Ignored