We buy on green candles,
We sell on red candles.
EU H1. Since 2009.
Total net profit : 1416.43%
RDD : 27.95%
This EA seems potential.
However, to make it even better and maybe, reduce drawdown, can you modify and add followings ?
1. When in uptrend, STOP BUYING if last candlestick is:
a. Shooting star
b. Bearish Engulfing
c. Long-legged Doji (with upper shadow length > or = 2 times lower shadow).
d. Evening star
e. Tweezer top
f. Bearish Harami
2. When in downtrend, STOP SELLING if last candlestick is:
a. Bullish Hammer
b. Piercing Line
c. Bullish Engulfing
d. Morning star
e. Tweezer bottom
f. Bullish Harami
g. Long-legged Doji (with Lower Shadow Length > or = 2 times Upper Shadow)
+ Please also add ECN and 4-digit and 5-digit automatically compatible. Also has external trailing stop (user can manually add the trailing stop pips on Inputs).
By the way, I have requested for 2 EAs based on the 2 mechanical trading systems I posted few days ago. I hope you can have a look at them, and make EAs based on them, because they are very mechanical with clear profit target and stop loss, and so, easy to make EAs on such systems.
Nice EA. I think it could be a good one with some modifications.
How about add the possiblity to use MTF (Multi Time Frame). Meaning that the Timeframe we choose need to be in line with each other to make a valid entry.
If i for example choose 1min 15min 1H to line up with 4H which could be the main timeframe all these timeframes need to be in line before excuting a position.
Could you also add to trade in the direction of a Moving Average (EMA, SMA, WMA). If price is under the MA we only go short and vice versa.
This one is perheps little more difficult... but instead of having a fix stopp loss of 200 pips or what ever could it be possible to set the stopp loss, for a short trade, X pips above the high of the higest bar between the previous time fibbar was short and the actuall short there is about to happen.
See picture for explaining
regards / JoLi
I agree with that stop loss of xpips above previous swing hi and x pip below previous swing low.
Funyoo please check. First pic. No entry was taken, second pic is late entry?
Candlestickexit option added.
The EA is already compatible with ECN, 4 and 5 digits. There is also a trailing stop.
Filter, mafilter and autosl options added.
Are you sure that the indicator is well set ? (period 8, fibolevel 1). Try the new version.
Great work! :-D
But one question...
What is "candles" under Advanced Order Management and how to use it?
Regards / joLi
I reloaded my MT4 and restarted the pc. Must be bad data. It is working now. Thanks.