Any idea how to write bull and bear flag bot?

[allstarengin]

Hello guys,

Does anyone know how to write bull and bear flag bot?

Regards,
E.

[sktsec]

The condition block has your mentioned function

[allstarengin]

there are bulls power and bears power options within indicators on condition block. Do you mean those?

[allstarengin]

@l-andorrà is it possible bro? If yes, do you know how bull and bear flags are written on fxdreema?

Regards...

[l'andorrà]

@allstarengin What do you exactly mean? Opening a buy after a bull candle and a sell after a bear candle maybe?

[allstarengin]

For instance, as you can see on attached, red path seems bear flag or pennant and blue path seems bull flag or pennant to me. Is there already a block on fxdreema for that or how can I write it?

[allstarengin]

Since the candles forming the flag may not always be consecutive in the same direction, and the number of candles during the pole and consolidation phases can vary, it’s not the right approach to write a standard rule set using candle blocks in the condition. That’s why I’m asking if there’s a ready-made block for this or if there’s an easier way to code it that I might be overlooking.

[allstarengin]

Hi @l-andorrà Were you able to take a look at this? How can I write a bot that can determine bull or bear flag? Have a nice Sunday...

Regards.

[l'andorrà]

@allstarengin Doing it like you want is highly complicated because you need detailed instructions to define when a flag is formed. I recommend trying to find a no repainting indicator doing that instead (I don't know any doing that, sorry). Otherwise you will need an advanced fxDreema user doing it for you, if you are a beginner.

[allstarengin]

@l-andorrà Yes, it is quite complicated. Thanks anyway bro

[ambrogio]

@allstarengin maybe this free indicator will be a start point

https://www.mql5.com/en/code/13704

[allstarengin]

@ambrogio oh that's great. Thank you. But I need it for mt5. Do you have it?

And I guess it must be run as custom indicator on fxdreema, right?

Regards.

[ambrogio]

@allstarengin I just tried to convert it with fxdreema converter. It seems to work

flag_and_pennant.mq5

[ambrogio]

Nevermind, it's a crap!

[allstarengin]

@ambrogio Why? You mean you've backtested it and the result sucks?

[ambrogio]

it's not a question of results, there is no signal at all

[allstarengin]

@ambrogio ok, thanks anyway.

[ambrogio]

@allstarengin

[l'andorrà]

@allstarengin You're welcome.