Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Follow Last Candle EA 10 replies

Follow the prior Heiken Ashi candle for profits 61 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

Attachments: Follow the BIG Candle
Exit Attachments

Follow the BIG Candle

Quoting Hirangan
Assalamuallaikum Khalil! I have an idea about entry for BigCandle EA (I think this is new idea). To determine big candle we use your basic formula by multiplied ATR value so there is no change for this. What we change is place a pending order (BuyStop on High of Big bullish candle or SellStop on Low of the bearish candle) and we put SL on the opposite side (Low of candle for BuyStop and High of candle for SellStop) generally this is breakout technique. If needed we can set some pips space between High or Low to our pending order. For TP we can add...
Hi Hirangan,

As I am really busy these days, I suggest that you have a look at the ATR Break Out thread, in which I had implemented similar ideas to yours.

All the best,

Khalil
No guts, no glory
Quoting abokwaik
{quote} Hi Hirangan, As I am really busy these days, I suggest that you have a look at the ATR Break Out thread, in which I had implemented similar ideas to yours. All the best, Khalil
It's Ok Khalil, no problem. I'll check it there.

Thank you.
Regards
Quoting Hirangan
{quote} It's Ok Khalil, no problem. I'll check it there. Thank you.
This is what I've been working on for you.
Testing results are mixed, maybe you and other members can find good settings.

Fixed Pips option added in addition to the previous ATR option.
Reversal option added.
Moving Average filter selectable time frame ... etc.

Attached Image (click to enlarge)
Click to Enlarge Name: BCR_7_01.PNG Size: 48 KB
Attached File(s)
File Type: ex4 Big_Candle_07_01.ex4   35 KB | 1,484 downloads
No guts, no glory
Quoting abokwaik
{quote} This is what I've been working on for you. Testing results are mixed, maybe you and other members can find good settings. {image} {file}
Abokwaik, this looks very clean and simple! I'm gonna try scalping The Big Candle as soon as time permits Thank u Sir Genious.

BoHanna
Quoting abokwaik
{quote} This is what I've been working on for you. Testing results are mixed, maybe you and other members can find good settings. Fixed Pips option added in addition to the previous ATR option. Reversal option added. Moving Average filter selectable time frame ... etc. {image} {file}
Sorry for late reply Khalil

Maybe we need to play around with the parameter to find th better one. By the way, can you make the SL auto placed on High or Low of the candle? (depending to pending order if Buystop at the High so the SL will be at the Low of that candle) Using multiplied ATR to set SL is a bit bigger for me, for TP is no problem using ATR for me as long as we have trailling stop behind (please change the Trailing Stop using fix pips not ATR) .

Big Thanks for your Hard Work, may you always in green pips
Regards
Quoting abokwaik
This is a very simple idea for Auto-Trading (using Expert Advisor) My idea is to follow the big candle. Open a trade in the direction of the big candle. Big Candle is identified as follows: The size of candle (from Low to High) is greater than ATR(atr_period) x ATR_Multiplier So for example, for GBP/USD, H4, suppose ATR(21) was 30 pips, and we set ATR_Multiplier to 2.5, so we are looking for H4 candles with range > 2.5 * 30 = 75 pips. So If High-Low of current H4 candle reaches 75 we go long if candle is up, and we go short if candle is down. (There...

VERY VERY interesting
Keep the good work
Amazing and simple strategy, i will follow it and make profit daily, thank bro
Big candle itself is not enough. We must include volume indicator in decision to open BUY or SELL. If there is significant increase in volume it will confirm
For some reasons when I try to test the EA after the first lost trade the tester stops. Anything am doing wrong here?
Quoting e2rd2006
Big candle itself is not enough. We must include volume indicator in decision to open BUY or SELL. If there is significant increase in volume it will confirm
I agree. usually big candle have high volumes.
No guts, no glory
Quoting tejli007
For some reasons when I try to test the EA after the first lost trade the tester stops. Anything am doing wrong here?
Which version are you testing ?
Kindly check journal for possible errors.
No guts, no glory
Hey abokwaik,

Thanks for starting the thread and for sharing the EA(s). Good stuff you're doing here man. I would love to ask how do you go about finding possible trade ideas, and more importantly, how do you keep generating them?

I just did a backtest on EUR/USD H1 TF, and it looks promising. Having said that, I'll have to take a deeper dive into it. I've been researching the FF forum for a couple of weeks to find practical trading ideas that can be validated with proper data and backtesting tools.

I'm wondering if anyone here is working on improving the strategy, or have other interesting trade ideas to discuss and share.
Quoting nathaniel
I would love to ask how do you go about finding possible trade ideas, and more importantly, how do you keep generating them? .
Passion for the game.


Quoting nathaniel
I've been researching the FF forum for a couple of weeks to find practical trading ideas that can be validated with proper data and backtesting tools.
I suggest you check the Robots Lab here at FF.

Thank you for your nice words.
No guts, no glory
Quoting abokwaik
Passion for the game.
No better answer.

Quoting abokwaik
I suggest you check the Robots Lab here at FF. Thank you for your nice words.
Definitely will.

I've just finished this thread. Really enjoyed walking through the ideas generation process, and looking forward to more discussions.
Hi Abokwaik,

is it possible to incorporate field to include retrace entry i.e. specified by pips amount or fibonacci to the EA?

Many thanks.
subscribed
Just follow Big Candle 1 minute , followed by significant increase in Volume while price breakout ranging market in Asian Session. 30 pips already in hand.
Quoting e2rd2006
Just follow Big Candle 1 minute , followed by significant increase in Volume while price breakout ranging market in Asian Session. 30 pips already in hand.
is this EA still profitable?
Quoting abokwaik
This is a very simple idea for Auto-Trading (using Expert Advisor) My idea is to follow the big candle. Open a trade in the direction of the big candle. Big Candle is identified as follows: The size of candle (from Low to High) is greater than ATR(atr_period) x ATR_Multiplier So for example, for GBP/USD, H4, suppose ATR(21) was 30 pips, and we set ATR_Multiplier to 2.5, so we are looking for H4 candles with range > 2.5 * 30 = 75 pips. So If High-Low of current H4 candle reaches 75 we go long if candle is up, and we go short if candle is down. (There...

Could you publish just an indicator that will somehow identify a candle if it closes xATR past an ma? Would be so helpful.
try Big Candle Alert on the the market at metaquotes
works great.
1 trader viewing now