Posts made by Arrow82

@tipsywisdom
Thanks for your advise. I will explore on what you had mentioned.
to answer your questions. if a candle is engulfed and it's still valid if price not yet breached the engulfing formations. time doesn't matter.. i hope it answer your questions.
thanks for taking your time and suggestion.
Appreciate.

@jstap thanks for your reply.
How to determine the price can reverse, it may take few candles or more than 10 candles to reverse back and break the engulfing formation...Can you please advise on my concerns. thanks

@biztet Yeah , Look like need to store value of the previous engulfing formation and once price break those mentioned level, enter trade..
I am still struggling what the next step to develop this. lol

@tipsywisdom
Hi Tipsy, thanks for asking, we skip this morning and evening star.. My new strategy as follows :
Buy on the bearish engulfing fail :
**

• conditions:**
  Wait for Bearish engulfing fail to form, after some time, the price not able to push down, instead the price reverse and push up and price close above the bearish engulfing fail candle, then trigger to buy and stop loss will be bearish engulfing candle low.

Sell on the bullish engulfing fail :
**

• conditions:**
  Wait for Bullish engulfing fail to form, after some time, the price not able to push up, instead the price reverse and push down and price close below the bullish engulfing fail candle, then trigger to sell and stop loss will be bearish engulfing candle low.

TP will be twice of the risk taken per trade.
I will attach picture for your reference. Kindly help on this. I manual trade shows success on this...I wanted to automate. Million thanks. !

HI Everyone, I am in the progress of making EA in which,
buy criteria:

1. wait for evening star pattern to form.
2. wait for price to close above the evening star pattern.
3. enter at the next candle after break and close of the evening star pattern.

Sell criteria:

1. wait for morning star pattern to form.
2. wait for price to close below the morning star pattern.
3. enter at the next candle after break and close of the morning star pattern.

Any kind soul to help to create EA on my request,
Million thanks.

@josecortesllobat thanks.

Hi Everyone, I found this simple strategy online. Its works in manual trading. I want to get this automated. Please help to make this into EA. strategy details below:
strategy description:
Description:
This is a 3-bar setup, but only one of the bars determines its direction on the next candle. Where the first two candles will produce the PIP range for a TP Target. This PIP Range can also be used for Stop Loss Levels so this approach becomes a 1:1 reward to risk.
Buy set up:
ar (2) needs to close higher than the previous candle's high.
Bar (3) during its development, or when the candle has fully developed, price must touch Bar (2)'s open.
IMPORTANT: It MUST be the same bar type, in this case since both Bar 1 and 2 are Bull Bars, the 3rd bar must be a Bull bar on its close.
And this 3rd bar must close higher than Bar (2)'s close (preferably its high).
Enter a Long Trade/Buy on Close of Bar (3).
Calculate from the Low of Bar (1) to Bar (2)'s high.
This will act as your TP and SL Level.
Sell set up:
Bar (2) needs to close lower than the previous candle's low.
Bar (3) during its development, or when the candle has fully developed, price must touch Bar (2)'s open.
IMPORTANT: It MUST be the same bar type, in this case since both Bar 1 and 2 are Bear Bars, the 3rd bar must be a Bear bar on its close.
And this 3rd bar must close lower than Bar (2)'s close (preferably its Low).
Enter a Short Trade/Sell on Close of Bar (3).
Calculate from the High of Bar (1) to Bar (2)'s Low.
This will act as your TP and SL Level.
Attached picture of buy and sell setup for your reference.
please help to make into an EA. thanks.

@roar i tried to do it by myself, but i couldn't get it right. the issue i am facing now is, if either one of the order reached TP,

once take profit hit, the same order repeat with SL 50 and TP 3. for example: if buy order hit TP, another order of buy order will open with 50 SL and TP 3. it continuous.
if market moves in trend and 3 pips TP not triggered, and the market moves against our trade order and moves further away 10 pips, new additional order will be opened, subsequent every 10 pips. for example buy TP not triggered, market moves down 10 pips another sell order will be created and the subsequent every 10 pips. same reverse condition goes for sell trade order TP not triggered.
once overall profit is positive, all the order will be closed and start all over again from the beginning step 1.

i am struggling here, need your help on this project to complete. kindly help. thanks for your time.

@roar thanks for your help rendered. sincere thanks. will try and test it out, thanks roar.

I created on my own EA, attached the link below, it's just a begining, not sure will it work correctly or not. I also not sure how to add on the 10 pips interval to open order and also to close when profit is reached. hope some experts look into it and modify correctly, thanks.
https://fxdreema.com/shared/gcWQuewlc

Hi Friends,
Would like to share this strategy by scalping micro pips. Hope someone can build EA. open to all to participate and refine this strategy. advance thanks.
1.Start with buy and sell order with stop loss 50 pips and take profit 3 pips for both buy and sell order.
2. once take profit hit, the same order repeat with SL 50 and TP 3. for example: if buy order hit TP, another order of buy order will open with 50 SL and TP 3. it continuous.
3. if market moves in trend and 3 pips TP not triggered, and the market moves against our trade order and moves further away 10 pips, new additional order will be opened, subsequent every 10 pips. for example buy TP not triggered, market moves down 10 pips another sell order will be created and the subsequent every 10 pips. same reverse condition goes for sell trade order TP not triggered.
4. once overall profit is positive, all the order will be closed and start all over again from the beginning step 1.
if above information not clear, please let me know willing to explain in more details.

Hope Fxdreema community help with this. thanks.

@roar thanks roar for your reply. i saved your project and installed in the chart. it works well but the entry is very rare due to candlestick formation below level 30 and above 70. what i am planning is to open up the conditions lightly, as long as RSI coming up from level 30 and bullish engulfing form with 2 or 3 continuous candle should be eligible for entry. reverse criteria is for selling with RSI 70. hope you can help me on this. kindly help, advance thanks.

@roar Hi Roar, thanks always for your help. the RSI 70/30 level bullish/Bearish Engulfing project as you mentioned, it take far less trades, so i planned to change the trade taking criteria, kindly help to modify according to it. if you have any good suggestions let me know, we can work together.
Buy set up: RSI level 30

1. As long as RSI crosses 30 level, means rising from below 30 level to cross the 30 level.
2. Bullish engulfing formation. not just one bearish candle followed by engulfing candle, it can be continuous candle, one bearish candle followed by 2 or 3 bullish candle, as long as it engulf the previous bearish candle.
3. above 2 conditions meet, enter buy with stop loss, whichever the candle wick is lower. take profit 200% of the stop loss.
   Sell set up: RSI level 70
4. As long as RSI crosses 70 level, means coming down from below 70 level to cross the 70 level.
5. Bearish engulfing formation. not just one bullish candle followed by engulfing candle, it can be continuous candle, one bullish candle followed by 2 or 3 bearish candle, as long as it engulf the previous bullish candle.
6. above 2 conditions meet, enter sell with stop loss, whichever the candle wick is lower. take profit 200% of the stop loss.
   Attached picture for more information:
   

@roar thanks a lot roar, will check this again and come back. appreciate your help.

@roar Hope you are doing great, i tried the project RSI bullish or bearish engulfing pattern earlier we worked on, once attached to the chart, it seems like not working at all..not sure where is the glitch. could you help to check whats the issue? when you attach the EA to the chart able to see RSI level 70 but couldn't see the 30 level.. kindly check, thanks. i am confident this strategy will be killing pips if we can rectify the issue. please help, thanks. attached picture for your reference.!0_1549289446780_RSI project.JPG

@seemab check with you, can use it on different time frame to test the results right? i wanted to test it on small time frame to check whether its working properly first..i tried on 5mins chart it took trade wrongly, attache the picture for your reference.

@seemab hi man, i installed the EA successfully to the chart but nothing happens. No trade triggered. not sure. can you please send the working EA, thanks.

@seemab thanks man, will give it a try.

@seemab thanks for your reply. could you share the updated version of the EA with martingale settings, i want to test and try. thanks.

@seemab thanks man for sharing the backtest results. this one is using martingale or normal? based on your chart, looks like the EA not triggered correctly, must be 2 consecutive bear candle and followed by 2 consecutive bull candle..please confirm the EA trigger correctly or not? if possible share your final version of your EA, thanks.