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New 8 candle patterns found, unbelievable accuracy!

  • #61
  • May 4, 2016 1:59pm May 4, 2016 1:59pm
Quoting araa
Great work Tarwada! Sometimes, I use two of the 8 patterns you had mentioned as confluence to my indicators but I don't wait for 9th candle to take the trade. This gives more opportunities for trading. My buy and sell patterns are swapped around compared to yours. A reasonable profit target is 10-20 pips. I've marked the possible entries in a gbp-usd trade as an example. {image} {image}
Going by post#1, the patterns are to be followed from the 7th hour, the 9th hour is the Frankfort Open and the trade is taken on the 10th hour -LO.

That said you seem to have gotten a new curve on the theory.
Let it turn and find your entry.
  • #62
  • Edited 6:04pm May 4, 2016 4:32pm | Edited 6:04pm
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...
hi tarwada
i just wondering when you say that we look back the last 3 candles it means 6,7,8 candles?
or 7,8,9 you mean? if 9th candel is included then when its open, nobody in the world could know or predict it would go bullish or bearish until the next candel which means 10th opens.
thanks
fred
  • #63
  • May 4, 2016 4:55pm May 4, 2016 4:55pm
Quoting araa
Tarwada, sorry I don't intend to hijack your thread but you've brought up an interesting topic. Here is an example today on nzd-usd where 60 pips were possible using the patterns mentioned above {image}
Araa, this is great stuff. Where do you have your SL?
I think you should start a fresh thread on this and not hijack tarwada's.
EVERY PIP COUNTS!
  • #64
  • May 4, 2016 5:10pm May 4, 2016 5:10pm
Quoting emonts
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 {file}
Interesting. i hope you can create option to choose which pair we want to trade, which pair not.
example: trade only for GU,EU,AU
sorry for my bad english
  • #65
  • May 4, 2016 5:36pm May 4, 2016 5:36pm
Quoting araa
Tarwada, sorry I don't intend to hijack your thread but you've brought up an interesting topic. Here is an example today on nzd-usd where 60 pips were possible using the patterns mentioned above {image}
Araa,

Do you cancel your order if it isn't triggered by the next candle?

Gila
  • #66
  • May 5, 2016 12:31am May 5, 2016 12:31am
Quoting emonts
Hi, This one trades only one pair. BR {file}
Hi Emonts , should we change the magic number for each chart?
thanks in advance
  • #67
  • May 5, 2016 1:00am May 5, 2016 1:00am
Quoting emonts
{quote} Hi, This ea trades 26 pairs. You must have all pairs in the symbol list left. Otherwise it will not work. BR
Could work on the backtest if you just set the DefaultPairss array to only the value of the pair you want to test.

Some weird things ...

- why did you set a timer to be launched each 2 seconds ... if all you need is to check if a 'new H1 bar have been created' and then check if it's the 'tradding hour' ?
- In fact ... on the OnTimer function you just check if there is a new H1 bar on the working graph ... if you want to be fair ... you should check if ANY of the working pairs, have a new H1 bar, each pair could not have tick info for a new bar with seconds of diference beetwen them.
  • #68
  • Edited 3:07am May 5, 2016 2:29am | Edited 3:07am
Quoting kasrafx
{quote} Hi Emonts , should we change the magic number for each chart? thanks in advance
H i Emonts, Also the pending orders tp and sl have some problems. could you fix it? I'll appreciate if you could code the EA by putting the tp and sl setting for pending orders.
thanks
  • #69
  • May 5, 2016 5:31am May 5, 2016 5:31am
someone can program an indicator able to identify this pattern?
  • #70
  • Edited 4:12pm May 5, 2016 5:41am | Edited 4:12pm
Quoting emonts
Hi All, Update, bug dividing by zero taken out. This prevented setting TP and SL for contra trades. BR {file}
Emonts: am I seeing this well?

Trades should close at 10 pips TP but one didn't close and it's doing 800 profit.
Attached Image (click to enlarge)
Click to Enlarge Name: lonely.png Size: 48 KB


Now we just need to do this everyday.


Edit: going at 1636€ at end of day.
  • #71
  • May 5, 2016 6:34am May 5, 2016 6:34am
[quote = Kilion; 8910731] {quote} Emonts: sto vedendo questo bene? Trades dovrebbero chiudere a 10 pips TP ma non ha chiuso e sta facendo 800 profitto. {image} Ora abbiamo solo bisogno di fare questo tutti i giorni. [/ quote]
I do not work for you please tell me how to set it? what are the pairs to put in the graph? thank you
  • #72
  • May 5, 2016 6:50am May 5, 2016 6:50am
Perhaps is the "Trend-Failure Signal" article interesting:
http://www.learntotradeforprofit.com...ailure-signal/
Attached Image (click to enlarge)
Click to Enlarge Name: TF_4-768x390.png Size: 26 KB
  • #73
  • May 5, 2016 6:55am May 5, 2016 6:55am
Quoting mickael58
[/ quote] I do not work for you please tell me how to set it? what are the pairs to put in the graph? thank you
Works with this:
Attached Image
  • #74
  • May 6, 2016 12:16am May 6, 2016 12:16am
he is just left his thread alone,and no respond at all to followers.
fred
  • #75
  • May 6, 2016 12:53am May 6, 2016 12:53am
Quoting araa
Great work Tarwada! Sometimes, I use two of the 8 patterns you had mentioned as confluence to my indicators but I don't wait for 9th candle to take the trade. This gives more opportunities for trading. My buy and sell patterns are swapped around compared to yours. A reasonable profit target is 10-20 pips. I've marked the possible entries in a gbp-usd trade as an example. {image} {image}
not a bad strategy for entries, I think they call it the "Two Bar Reversal".
  • #76
  • May 6, 2016 4:06am May 6, 2016 4:06am
Quoting gilab
{quote} Araa, Do you cancel your order if it isn't triggered by the next candle? Gila
Yes you will need to cancel the order.

Could someone please create an indicator (with alerts and timeframes H1,H4 and D1 only) to identify the following two patterns:

Thanks
Attached Image
  • #77
  • May 6, 2016 4:30am May 6, 2016 4:30am
hello to everyone, you can not build an indicator to look for this pattern?
  • #78
  • May 6, 2016 4:34am May 6, 2016 4:34am
Quoting araa
Tarwada, sorry I don't intend to hijack your thread but you've brought up an interesting topic. Here is an example today on nzd-usd where 60 pips were possible using the patterns mentioned above {image}
The idea itself is nice but I think you have to have another form of filter to when go in or not. So basically only trade in the direction of the trade, or something like that. If you take every opportunity that might be kinda risky.

D.
  • #79
  • May 6, 2016 6:11am May 6, 2016 6:11am
it looks very easy at first, but following the set rules it becomes very complicated more so when jumping from one time frame to another... back tested but only 3 winners out of 60 - i think.
  • #80
  • May 6, 2016 7:25am May 6, 2016 7:25am
Quoting kilion
{quote} Emonts: am I seeing this well? Trades should close at 10 pips TP but one didn't close and it's doing 800 profit. {image} Now we just need to do this everyday. Edit: going at 1636€ at end of day.
Hi,

For the contra trade the TP and SL are not set.
I will change this and some other remarks this weekend.

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