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Bar Sequence Patterns

  • Post #41
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  • Edited at 7:08am Dec 29, 2015 6:55am | Edited at 7:08am
Quoting Central4
Hi Abokwaik Thanks for this great tool I know this tools is based of candel pattern formation. But my question is, is it possible to implement this old pattern formation in the picture. {image} Thank You Best Wishes
As each wave can consist of multiple candles, the answer is No.
However, as SmoothTrader highlighted, a candle is a set of smaller candles, so an H4 candle is 8 M30 candles.
So you can try to summarize the M30 wave into one H4 candle.

So for example we can test the following patterns on H4
Buy : U-H+ (Healthy Up Bar followed by Any Down Bar followed by Confirmed Break High followed by Any Up Bar).
Sell : D+L- (Healthy Down Bar followed by Any Up Bar followed by Confirmed Break Low followed by Any Down Bar).

PS : However, I will not choose this way to trade your 123 patterns as there are much better and concise ways to trading them, but they are outside the scope of this thread.
No guts, no glory
This is a test of above sequences :

Buy : U-H+ (Healthy Up Bar followed by Any Down Bar followed by Confirmed Break High followed by Any Up Bar).
Sell : D+L- (Healthy Down Bar followed by Any Up Bar followed by Confirmed Break Low followed by Any Down Bar).

Attached Image (click to enlarge)
Click to Enlarge Name: bar_seq_H4_test.png Size: 50 KB
No guts, no glory
Quoting stevepatt
{quote} Hi abokwaik; The only point I'm trying to make is putting the statistics, you are gathering, to work with an understanding the Market, they are being employed in, will greatly increase their value. A lot of newbies will see this as a short cut to, trading, success by simply basing their Trades on Candle Sequence Statistics without a full understanding of the Markets they are Trading in. I wish you good luck with your project.
I hear you Steve, and this is why I opened the thread under Trading Discussion (not Trading Systems), and this why the EA works in demo mode only.
No guts, no glory
Pin Bar used as a trend continuation signal rather than a trend reversal.

Buy : +p (Any Up Bar followed by a Bearish Pin Bar)
Sell : -P (Any Down Bar followed by a Bullish Pin Bar)

Tested on EUR/USD 2015

Attached Image (click to enlarge)
Click to Enlarge Name: pin-bar-trend_continuation.png Size: 50 KB


Trade Example :

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1_pinbar.png Size: 37 KB
No guts, no glory
Hi
I tested On DAX ICMARKET the result is below
Attached Image (click to enlarge)
Click to Enlarge Name: Bar Sequence DAX.jpg Size: 176 KB
Quoting redrose
Hi I tested On DAX ICMARKET the result is below {image}
Thanks,

So your buy sequence W+ (Bullish Trend Bar followed by any Up Bar)
, and Sell sequence is M- (Bearish Trend Bar followed by any Down Bar).
No guts, no glory
So, we found few sequences that are profitable on specific data sample.

I would like every one interested in this project to try to find more sequences.
You can think of a certain logic and transform it to a coded sequence and try it out.
Or you can look at chart history and try to see how good trades could have been taken, and code that into a sequence and try it out.


Here is the plan:

Once we have enough (say 30 sequences - other than classical candle stick patterns of course), we will test them on different data samples.
We will name the survivors, and make a trading system around them applying PM and MM, and see how they perform in forward testing.
No guts, no glory
So your buy sequence W+ (Bullish Trend Bar followed by any Up Bar)
, and Sell sequence is M- (Bearish Trend Bar followed by any Down Bar). yes will have to test like 5 years and see the result my main focus is DD to be lower then this .
Here is version 3 with more options as discussed in post 32.
Attached File
File Type: ex4 Bar_Sequence_03.ex4   31 KB | 833 downloads
No guts, no glory
can you add trailing stoploss breakeven pips in version 2 so i can tr to reduce the drawdown for Index thanks
Daily with your logic DAX long term looks interesting
Attached Image (click to enlarge)
Click to Enlarge Name: BAR2.png Size: 72 KB
Continuation pattern

Buy : +P (Any Up Bar followed by a Bullish Pin Bar)
Sell : -p (Any Down Bar followed by a Bearish Pin Bar)
Attached Image (click to enlarge)
Click to Enlarge Name: test2.jpg Size: 185 KB
Solutions ONLY!!!
this EA may become even more interesting for VSA traders if you include volume.

it is always looked at no-supply NS and no-demand ND
for example in a downtrend (below sma50)
+ (with volume lower the previous 2 bars) D
so ND would be confirmed after D

inverted would be
- (with volume lower the previous 2 bars) U

do you know what I mean?

I am not a true VSA trader but some could join in here
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
Quoting abokwaik
{quote} As each wave can consist of multiple candles, the answer is No. However, as SmoothTrader highlighted, a candle is a set of smaller candles, so an H4 candle is 8 M30 candles. So you can try to summarize the M30 wave into one H4 candle. So for example we can test the following patterns on H4 Buy : U-H+ (Healthy Up Bar followed by Any Down Bar followed by Confirmed Break High followed by Any Up Bar). Sell : D+L- (Healthy Down Bar followed by Any Up Bar followed by Confirmed Break Low followed by Any Down Bar). PS : However, I will not choose...
Hi Abokwaik,

thanks for clarification


Regards

Central4
Regard Central4
Good stuff, Khalil Abokwaik

Very interesting indeed.

May I give you my 2 cents on the subject, if you mind (and interested in) ?

1/ Can this EA be equipped with a advisable function (not tradable), marking a pattern with an arrow on a chart? The direction of the arrow is UP / DOWN for buy / sell.
2/ Can the EA be equipped with the MTF option? Trading the lower FTs, you could be notified by the arrow from the higher TFs (if choosen).

Best
D.P.
Hunting High and Low
Very interesting approach, i will try to understand it deeper and maybe contribute too.Subscribed.
2yrs high lot

same sequence from v2
+P
-p
Attached Image (click to enlarge)
Click to Enlarge Name: bang.jpg Size: 196 KB
Solutions ONLY!!!
GU 1 Hour long term V3
Attached Image (click to enlarge)
Click to Enlarge Name: BAR3 GU 1Hour.gif Size: 11 KB
Quoting redrose
GU 1 Hour long term V3 {image}
Pattern?
Solutions ONLY!!!
Pattern? see from the parameter .
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