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need simple indicator for Daily green/red candle 2 replies

MT4 candle-by-candle manual backtesting 9 replies

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Attachments: Daily green/red candle
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Daily green/red candle

  • #2,361
  • Edited 9:58am Jan 12, 2016 6:45am | Edited 9:58am
Quoting brainanda
{quote} How do you get those bear candle? Anyway, if you gone through all of it, looks like you can still secure your profit. The bull candle @1600 and @0400, @0800 will likely get BE though and to me, that's the risk in Greed/Red system, if using no filter. But then, those 'TDI', doesn't it show you that it's up trend? {image}
Hi Brainanda.. tks for your comment.. in my MT4, showed the bear candle, maybe the server time of mine and your broker is different :-).
The broker I use, their server time is follow UK time (GMT time)..

Then re. the TDI, I dont rely much on TDI, since this indicator is lagging (formed, after the candle is complete), therefore there is a chance that the TDI line will go down if the price drop down.. :-).
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,362
  • Edited 9:57am Jan 12, 2016 6:55am | Edited 9:57am
Quoting Dildubai
{quote} Hello Andy, As per the Chart in both cases you placed sell order below the Red Candle 1 and 2 right? But it seems your order was not executed. So how is there a loss? DD
Hi Dildubai.. :-)
The sell is executed at the 2nd graph, since the blue candle low price is below than the candle on the left side.. and hit the SL...
If trade won.. we eat chicken.. if loss then eat fries :-)
Thanks

The 1st order is my mistake, do not follow the system, since I thought the price has a Strong Resistance above..

Attached Image (click to enlarge)
Click to Enlarge Name: EU Loss + Resistance.jpg Size: 147 KB


Also thanks for TS (Thread Starter) aka Dimdel..
to show this system.. :-))
Combination of Edge, Pivot Zone, ADR and magic of PA is A+ Probability
  • #2,363
  • Jan 12, 2016 10:41am Jan 12, 2016 10:41am
Quoting kleybenny
{quote} So, here is the EA you asked for. I included all things you explained. TP and Move SL to BE are adjustable. Kind Regards Ben {file}
Hi Kleybenny, there is another problem with EA. If I have good BT data (90%), there is an error message during BT and no trade is open:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB
  • #2,364
  • Jan 12, 2016 11:06am Jan 12, 2016 11:06am
Quoting dafa
{quote} Hi Kleybenny, there is another problem with EA. If I have good BT data (90%), there is an error message during BT and no trade is open: {image}
I did some new test and it's strange. If I tested EA on standard MT4 data from broker (low quality) there isn't any problem. If I use dukascopy data 90% than EA has some problem.

In this last test EA opened trade at right time with right SL and TP (Point 1.), but after some time move SL to BE (point 2.) and close the trade on BE. But there wasn't any reason to move SL to BE. There wasn't FIBO 180 from signal candle.

Do you have idea what's wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 88 KB
  • #2,365
  • Jan 12, 2016 3:14pm Jan 12, 2016 3:14pm
Quoting dafa
{quote} Hi Kleybenny, there is another problem with EA. If I have good BT data (90%), there is an error message during BT and no trade is open: {image}
Okay, I found the problem, there where problems in code. Please use newest version v5.1 attached and delete the old v5 version. Please tell me if you wnat to have trailing stop. If not than this should work now. Sorry for problems. I tested with tickdata and it worked well.

Kind regards
Attached File(s)
File Type: ex4 greenred_v5.1.ex4   31 KB | 738 downloads
  • #2,366
  • Jan 12, 2016 8:11pm Jan 12, 2016 8:11pm
Status + updating order...
1st - Fibo Short, 3x TP
2nd - Fibo Long, 3x SL
3rd - Fibo Short, 2x TP 1x BE
4rd - Fibo Long, 1x Running
--------------------------------- sum = +
5th - Fibo Short, 3x PO, 1x Running
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_iH4.png Size: 47 KB
  • #2,367
  • Jan 12, 2016 11:43pm Jan 12, 2016 11:43pm
Quoting Masterrmind
{quote} I'm similar in thinking to you Dimdel regarding EA's but if I do apply an EA I choose to monitor all its actions from start to finish because mostly I trade manually. Masterrmind............
  • #2,368
  • Jan 12, 2016 11:44pm Jan 12, 2016 11:44pm
Quoting brainanda
Status + updating order... 1st - Fibo Short, 3x TP 2nd - Fibo Long, 3x SL 3rd - Fibo Short, 2x TP 1x BE 4rd - Fibo Long, 1x Running --------------------------------- sum = + 5th - Fibo Short, 3x PO, 1x Running {image}
  • #2,369
  • Jan 12, 2016 11:53pm Jan 12, 2016 11:53pm
How come that I found that this strategy become more simple than ever.

I use plain H4 chart and graphically guess where the price should, I think, go. Then RR Ratio I use about 1:1 to 1:1.3 from previous bar.
Seems to work. No Fibo just eyes. Visual guesstimate.

Does not make a lot of money but if with good mm should be profitable in long term

I should ask my 4-yr old daughter to try this with me
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 112 KB
Holy grail, pls pm
  • #2,370
  • Edited Jan 13, 2016 12:11am Jan 12, 2016 11:56pm | Edited Jan 13, 2016 12:11am
Quoting iamgotzaa
How come that I found that this strategy become more simple than ever. I use plain H4 chart and graphically guess where the price should, I think, go. Then RR Ratio I use about 1:1 to 1:1.3 from previous bar. Seems to work. No Fibo just eyes. Visual guesstimate. Does not make a lot of money but if with good mm should be profitable in long term I should ask my 4-yr old daughter to try this with me {image}
right iamgotzaa

the fibo use it only to see the exit points
but you can do it and without fibo
keep rr > 1:1
no need all the pairs, only 1
its true , need only two eyes , and sometimes 1 is enough
  • #2,371
  • Jan 13, 2016 12:11am Jan 13, 2016 12:11am
I'll keep sharpening this trading strategy. it is very simple.
Holy grail, pls pm
  • #2,372
  • Jan 13, 2016 12:26am Jan 13, 2016 12:26am
Quoting iamgotzaa
How come that I found that this strategy become more simple than ever. I use plain H4 chart and graphically guess where the price should, I think, go. Then RR Ratio I use about 1:1 to 1:1.3 from previous bar. Seems to work. No Fibo just eyes. Visual guesstimate. Does not make a lot of money but if with good mm should be profitable in long term I should ask my 4-yr old daughter to try this with me {image}
3 words: You Are Sparta!!! 4H in many pair, I'm amazed of yourself ​
  • #2,373
  • Jan 13, 2016 1:40am Jan 13, 2016 1:40am
Quoting kleybenny
{quote} Okay, I found the problem, there where problems in code. Please use newest version v5.1 attached and delete the old v5 version. Please tell me if you wnat to have trailing stop. If not than this should work now. Sorry for problems. I tested with tickdata and it worked well. Kind regards {file}
Hi Kleybenny, unfortunately it still doesn't work and there is error message. Today I attached EA on live account without BT and you can see that the same error message is in log:
Attached Image
  • #2,374
  • Jan 13, 2016 3:09am Jan 13, 2016 3:09am
Quoting brainanda
{quote} 3 words: You Are Sparta!!! 4H in many pair, I'm amazed of yourself ​
just dumb licks

oppps lucks
Holy grail, pls pm
  • #2,375
  • Jan 13, 2016 3:33am Jan 13, 2016 3:33am
Quoting kleybenny
{quote} Okay, I found the problem, there where problems in code. Please use newest version v5.1 attached and delete the old v5 version. Please tell me if you wnat to have trailing stop. If not than this should work now. Sorry for problems. I tested with tickdata and it worked well. Kind regards {file}
After some tests I found another problems:

1. Probably is EA made for 4digit broker. I tested version redgreen_v3. There is a problem with trailing on 5digit broker. I have to use ten times bigger number. Not so big trouble.

2. But second problem is more important. I don't know if could be also problem with 4 or 5 digit broker but EA opens Take profit on bad place. More far then FIBO 300 even it's in setting. BE move also later then FIBO 180.

Problem 2 I tested on both version v3 and latest v5.1. It's the same.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 12 KB
  • #2,376
  • Jan 13, 2016 3:41am Jan 13, 2016 3:41am
Quoting dafa
{quote} After some tests I found another problems: 1. Probably is EA made for 4digit broker. I tested version redgreen_v3. There is a problem with trailing on 5digit broker. I have to use ten times bigger number. Not so big trouble. 2. But second problem is more important. I don't know if could be also problem with 4 or 5 digit broker but EA opens Take profit on bad place. More far then FIBO 300 even it's in setting. BE move also later then FIBO 180. Problem 2 I tested on both version v3 and latest v5.1. It's the same. {image}
Ok, Now.I understand the problem. The EA is for 5 digit broker. The trailing function is not in pips but in points. Because if that you hang to use 10 times bigger number. Do you want that I implement trailing shrub in v5.1? I will look today again over the second problem.
  • #2,377
  • Jan 13, 2016 3:54am Jan 13, 2016 3:54am
Quoting kleybenny
{quote} Ok, Now.I understand the problem. The EA is for 5 digit broker. The trailing function is not in pips but in points. Because if that you hang to use 10 times bigger number. Do you want that I implement trailing shrub in v5.1? I will look today again over the second problem.
Hi Kleybenny, yes, you can implement TSL but the main problem is now the second ;-) Thanks
  • #2,378
  • Jan 13, 2016 10:07am Jan 13, 2016 10:07am
Well... this is... bad candle...

Status order:
Fibo I, 1x TP
Fibo ii, 3x SL
Fibo iii, 1x TP 2x SL
Fibo iv, 2x SL 1x BE
Fibo v, 3x TP
---------------------- sum = -
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_iH4.png Size: 30 KB
  • #2,379
  • Jan 13, 2016 5:35pm Jan 13, 2016 5:35pm
Quoting kleybenny
{quote} Okay, I found the problem, there where problems in code. Please use newest version v5.1 attached and delete the old v5 version. Please tell me if you wnat to have trailing stop. If not than this should work now. Sorry for problems. I tested with tickdata and it worked well. Kind regards {file}

2 things:
1. it appears to spot the setup correctly on the pair and time farme you set it on.
can we have it scan all 28 pairs on a selected tim eframe and just list which pairs have red/green setups...that would save a ton of time.


2. wacky shit happens when you change time frames..

orders get closed etc. hOpefully its an easy bug to squash.
  • #2,380
  • Jan 14, 2016 1:26am Jan 14, 2016 1:26am
Quoting brainanda
Well... this is... bad candle... Status order: Fibo I, 1x TP Fibo ii, 3x SL Fibo iii, 1x TP 2x SL Fibo iv, 2x SL 1x BE Fibo v, 3x TP ---------------------- sum = - {image}
HI BRAIN

you must give some room to breath 4-5 pips
so isnt all candles signal
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