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Thread: Randy Candles

  1. #1
    Junior Member dryclean's Avatar
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    Default Randy Candles

    Is there any way to make a MTF EA based on the randy candles?
    I've attached a pdf describing the system.
    I've traded it manually with pretty good success. I've also added the HAMA indi for better entry and exits. I'm not sure an ea can be made based on Heinken Ashi or HAMA for that matter
    Let me know what you think

    Thanks
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    Last edited by dryclean; 12-28-2008 at 19:54.

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    Administrator funyoo's Avatar
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    Quote Originally Posted by dryclean View Post
    Is there any way to make a MTF EA based on the randy candles?
    I've attached a pdf describing the system.
    I've traded it manually with pretty good success. I've also added the HAMA indi for better entry and exits. I'm not sure an ea can be made based on Heinken Ashi or HAMA for that matter
    Let me know what you think

    Thanks
    Hi dryclean,

    I have not the time to read ebooks, you have to describe the system with your own words.

  3. #3
    Junior Member dryclean's Avatar
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    Default system

    I've been experimenting with the hama step histo indi. It seam to not repaint
    I plot 2 lines one at .0001 and one at .0003
    when the blue line goes above the .0001 I buy after it goes above the .0003 then goes below I close if it drops back below the .0001 I close and take a possible loss

    Same with the red I sell when it hits .0001 and close wehn it goes below .0003 once it has gone above it if it goes back below .001 before reaching .0003 I close and take a loss

    If there was a way to attach an audio alert to the hama step hist that would be nice if no ea can be made
    Doing the randle candles manually can get some extra pips but with the above some whipsaws are avoided

    I it could be made to just do a sell when it turns red and buy when it turns blue

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    Administrator funyoo's Avatar
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    Quote Originally Posted by dryclean View Post
    I plot 2 lines one at .0001 and one at .0003
    when the blue line goes above the .0001 I buy after it goes above the .0003 then goes below I close if it drops back below the .0001 I close and take a possible loss

    Same with the red I sell when it hits .0001 and close wehn it goes below .0003 once it has gone above it if it goes back below .001 before reaching .0003 I close and take a loss

    I it could be made to just do a sell when it turns red and buy when it turns blue


    Ok here is the HAMa Step Histo expert advisor.
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  5. #5
    Junior Member dryclean's Avatar
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    Default Thanks

    Thanks I'll start testing it

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    Lightbulb

    I believe this EA is not waiting for the 0.0003 cross confirmation to enter the trade.

    According to DryClean, it should enter a BUY or SELL (depending on the HMA bar color) when it crosses up 0.0001 AND 0.0003 (not necessarily on the same bar)
    And it will EXIT that trade when it crosses back down the 0.0003 line.

    I tested this ea and it is entering the trades as soon as it hits 0.0001 and it does not wait for the 0.0003 cross confirmation.

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    Administrator funyoo's Avatar
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    Quote Originally Posted by nynyusa View Post
    I believe this EA is not waiting for the 0.0003 cross confirmation to enter the trade.

    According to DryClean, it should enter a BUY or SELL (depending on the HMA bar color) when it crosses up 0.0001 AND 0.0003 (not necessarily on the same bar)
    And it will EXIT that trade when it crosses back down the 0.0003 line.

    I tested this ea and it is entering the trades as soon as it hits 0.0001 and it does not wait for the 0.0003 cross confirmation.
    Hi nynyusa and welcome,

    Here it is.
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    Thanks for the welcome. I hope to contribute in a positive to this great cyber community.

  9. #9
    Junior Member dryclean's Avatar
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    FUNYOO
    That is not what I said below is what I've been trying
    refere to my 2nd post

    when the blue line goes above or hits the .0001 I buy
    the reason is to filter out some whipsaws and to miss consalidations
    if it goes above the .0003 then goes below I close it with a profit

    One of the problems is if it goes above the .0001 line it buys/sells but doesn't hit the .0003 and goes down it takes a loss but there is profit there still playing with the S/L

    How exactly does the S/L T/P T/S B/E WORK WITH YOUR EA and any reccomendations for the above

  10. #10
    Administrator funyoo's Avatar
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    Quote Originally Posted by dryclean View Post
    FUNYOO
    That is not what I said below is what I've been trying
    refere to my 2nd post

    when the blue line goes above or hits the .0001 I buy
    the reason is to filter out some whipsaws and to miss consalidations
    if it goes above the .0003 then goes below I close it with a profit

    One of the problems is if it goes above the .0001 line it buys/sells but doesn't hit the .0003 and goes down it takes a loss but there is profit there still playing with the S/L
    This is what does the first version.

    Quote Originally Posted by dryclean View Post
    How exactly does the S/L T/P T/S B/E WORK WITH YOUR EA and any reccomendations for the above
    Like any SL TP TS BE.

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