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New 8 candle patterns found, unbelievable accuracy!

  • #21
  • May 1, 2016 5:31pm May 1, 2016 5:31pm
Quoting tarwada
hello everyone a couple of weeks ago. i've found a new 8 strange candle patterns that happens one time each day and it helps you to make at least 10 pips a day trying the method on 15 Pairs means 15 trades a day and 75 trades every single week! so let's get started ! first of all. you don't need any indicators to apply. a clean chart on H1 Time is enough (with a cup of coffee) now let's take a quick look at the new patterns : {image} a little bit strange right ?. no problem , i will clarify everything now Entry Rules : NOTE* : before you try to...
It would be interesting if you could lace these candlebars with Hieken Ashi bars and see how they would look like
Let it turn and find your entry.
  • #22
  • May 1, 2016 8:23pm May 1, 2016 8:23pm
You are just trading the Frankfurt open,the pattern you mentioned have no relevance to trade result............................
atheer1
  • #23
  • Edited 9:56pm May 1, 2016 9:45pm | Edited 9:56pm
Hmmm.. Seems pretty good patterns. Thanks for sharing this. and I would like to add one more thing for it. Once you find a pattern like this check out that are the candles on support resistance lines. If yes, then patterns are so strong. And I also found another candle pattern which is accurate about 90%

https://charts.mql5.com/11/61/nzdusd...g-point-of.png

here it is. There was down trend and last bear candle was big strong bear candle and then made a little but strong bulish candle. this is exactly indicates us the buyers has taken control of the market. And if you wanna take sell this is opsite is the same
  • #24
  • May 1, 2016 9:46pm May 1, 2016 9:46pm
Quoting atheer1
You are just trading the Frankfurt open,the pattern you mentioned have no relevance to trade result............................
According to the screenshots it seems to be the London Open, although based on the description it is the Frankfurt Open.

The patterns may not have relevance, however, it would be interesting to see some long-term backtests to confirm or disprove the hypothesis.
  • #25
  • May 1, 2016 9:58pm May 1, 2016 9:58pm
Quoting MasterGuru
{quote} According to the screenshots it seems to be the London Open, although based on the description it is the Frankfurt Open. The patterns may not have relevance, however, it would be interesting to see some long-term backtests to confirm or disprove the hypothesis.
yes back test could give an idea..............
But that is my educated guess.......... no relevance I think
atheer1
  • #26
  • May 1, 2016 11:43pm May 1, 2016 11:43pm
good
  • #27
  • May 2, 2016 1:21am May 2, 2016 1:21am
Hello, Where do we put the pending order.

Thanks
  • #28
  • May 2, 2016 3:08am May 2, 2016 3:08am
Quoting blessme
Hello, Where do we put the pending order. Thanks
I guess you just open a market order with the "9th candle"...
  • #29
  • May 2, 2016 4:57am May 2, 2016 4:57am
From what i understand the 9th candle is the 9th candle, regardless of the London or Frankfurt open. Also regardless of the broker GMT. In the statement tarwada published he trades at 9am. So that's mean he trades at 9am of his broker
  • #30
  • May 2, 2016 5:03am May 2, 2016 5:03am
Hey,

his trades are on candle Frankfurt open. Different Brokers do have different Setups on their MT4 platforms. I have two different Brokers and you can see on the candles that later or earlier trades are not so good.
Let's see when tarwada replies again, then we will see.

D.
  • #31
  • May 2, 2016 5:36am May 2, 2016 5:36am
If there is a red news the pending orders and sl will not get the fills, slippage may be large ?
  • #32
  • May 2, 2016 5:46am May 2, 2016 5:46am
Quoting skyway
If there is a red news the pending orders and sl will not get the fills, slippage may be large ?
Of course, not to mention the impact of "virtual dealer plug-ins"....
  • #33
  • May 2, 2016 5:59am May 2, 2016 5:59am
Does these patterns work on all TF's?
"When the answer is simple, God is speaking" (Albert Einstein)
  • #34
  • May 2, 2016 6:48pm May 2, 2016 6:48pm
Quoting tarwada
hello everyone a couple of weeks ago. i've found a new 8 strange candle patterns that happens one time each day and it helps you to make at least 10 pips a day trying the method on 15 Pairs means 15 trades a day and 75 trades every single week! .... let me know your thoughts
Thank you Tarwada for sharing this Very low risk trading strategy. I will contribute to this shortly.
EVERY PIP COUNTS!
  • #35
  • May 3, 2016 12:10am May 3, 2016 12:10am
Thanks to Tarwada for sharing.

Anyone please kindly help to post here more details with screen shoot for example today's trade using this strategy?

Thanks.
  • #36
  • May 3, 2016 3:16am May 3, 2016 3:16am
tarwada is trading with Pepperstone and that broker is GMT+2.
so he opens his trades after 7.00am London time.
  • #37
  • Edited 5:01am May 3, 2016 4:49am | Edited 5:01am
Please clarify what you mean by the ninth candle from when???
Everyone's day is different. I'm in New Zealand. Someone else is in Sydney. Another person is in Singapore. Someone else is in Pittsburgh.
Perhaps give us GMT time. Or Asian opening, Frankfurt opening or London opening etc.
  • #38
  • May 3, 2016 11:43am May 3, 2016 11:43am
Hi all,

In the attachmeent an EA for this strategy.
Hope I did understand all well.
If not for sure some people will tell me.

Put the EA in only one chart (H1), he trades 26 pairs, only eurchf and eurgbp not.

BR


Attached File(s)
File Type: mq4 EA_9_bar_V1.01.mq4   15 KB | 1,423 downloads
It is not important how often you fall down, but how often you get up again
  • #39
  • May 3, 2016 12:13pm May 3, 2016 12:13pm
Not sure if it's just my terminal but here's what I get when I tried to back-test... granted it's a fresh install so I need to go find me some tick data.

2016.05.03 18:09:47.365 EURUSD,H1: 1 tick events (5282 bars, 10457634 bar states) processed in 0:00:00.016 (total time 0:00:23.135)
2016.05.03 18:09:47.365 2015.06.26 11:00 EA_9_bar_V1.01 EURUSD,H1: not initialized
2016.05.03 18:09:47.365 2015.06.26 11:00 EA_9_bar_V1.01 EURUSD,H1: zero divide in 'EA_9_bar_V1.01.mq4' (73,54)
2016.05.03 18:09:47.345 1970.01.01 00:00 EA_9_bar_V1.01 inputs: updateFrequency=2; lotSize=0.1; contraMultiplier=2; magicNumber=12346; _slippage=5; takeProfit=10; slopLoss=10; compareHour=9;
2016.05.03 18:09:47.345 TestGenerator: there are 53 generating errors

followed by 53 'unmatched data errors'. Will leave it running on EUR/USD H1 and report back with results
  • #40
  • May 3, 2016 12:18pm May 3, 2016 12:18pm
Quoting Flipflop4
Not sure if it's just my terminal but here's what I get when I tried to back-test... granted it's a fresh install so I need to go find me some tick data. 2016.05.03 18:09:47.365 EURUSD,H1: 1 tick events (5282 bars, 10457634 bar states) processed in 0:00:00.016 (total time 0:00:23.135) 2016.05.03 18:09:47.365 2015.06.26 11:00 EA_9_bar_V1.01 EURUSD,H1: not initialized 2016.05.03 18:09:47.365 2015.06.26 11:00 EA_9_bar_V1.01 EURUSD,H1: zero divide in 'EA_9_bar_V1.01.mq4' (73,54) 2016.05.03 18:09:47.345 1970.01.01 00:00 EA_9_bar_V1.01 inputs: updateFrequency=2;...
Hi,

This ea trades 26 pairs. You must have all pairs in the symbol list left.
Otherwise it will not work.


BR
It is not important how often you fall down, but how often you get up again
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