Posts made by Arrow82

@seemab i am busy at my fulltime work, in the mean time find time to trade in FX. Glad that you tried 2 bears and 2 bull candle in back test, when i tried it the results are not so good. can share your backtest results. thanks.

@roar thanks again! it looks nicely done, the concept and logic behind this will takes me long time for me to digest, i have small brain though :D. will give it a try. @seemab can we back test this and discuss the result?

@seemab thanks for the support. Yes @roar is very helpful indeed, kind soul :D. it's very tricky in building EA, even more tricky people like me come from different background. Nice to know you. keep in contact, we will make it in Forex off-course with the help of @roar

@roar @roar Hi roar, i am interested to discuss with you one strategy, need your help to build EA. it's bit complicated, use certain conditions to trade. hope you can help me in this, the strategy is promising. manual tested by scrolling chart , results is good. below strategy:

Indicator used RSI period 14, level 30 and 70.
Buy trade:**
RSI should be below 30 level and must have bullish engulfing formation. stop loss will be whichever the candle have the lowest level and take profit will be twice the stop loss, 1:2 risk reward ratio.
Sell trade:
RSI should be above 70 level and must have bearish engulfing formation. stop loss will be whichever the candle have the highest level and take profit will be twice the stop loss, 1:2 risk reward ratio.

Attached screenshot for your reference, if you have better idea to improvise this strategy, please go ahead, thanks. looking forward to your reply..

@roar thanks roar for helping me in this Forex journey, Appreciate your help.You are really genius in building EA and willing to help people like me, can't thank enough. God bless you. i don't want to miss people like you, wanted to be your friend, can i have your contact email? honestly no other intentions. please email to me if you are willing, my email: jp.yoganand@gmail.com , by this way your email will be not known to others.

Moving forward, regarding 4 candle strategy, is it possible to set TP twice the ratio of stop loss? means 1:2 risk reward ratio? Based on screen shot, it looks like you back-tested this strategy, any opinion about this strategy? please advice, thanks.

@roar Thanks Roar for your advice, Yes agree, it takes a lot of effort to make money consistently. I am trying different strategies. Currently i am working on one, refer below details, it's based on reversal.
**Buy order trigger when 2 continuous bearish candle followed by 2 bullish candle, formations not important.
sell order trigger when 2 continuous bullish candle followed by 2 bearish candle, formations not important.
SL will be at the base of the formations or one of the lowest or highest bearish or bullish candle.
TP will be using trailing TP or manually can key in.

This is what i am currently working on it, results not bad. hope with your help can make it automated. please advice if you have concerns or wants to tweak or optimize it..attached picture for clear understanding.**

@roar Million thanks for your reply and help, It works great. currently i am testing this strategy, not sure will it make money or not. BTW do you have an EA that you are using in FX and making money in the long term? please help, thanks.

@roar Hi Roar, i tested it, it doesn't trigger any trade..My request is the first time when i attach the EA to the chart, is it possible for me to choose where should i head on buy or sell options to choose, and then after the first trade hit SL, reverse the order and if it hit TP continue same type order and the loop continues. i can't thank enough to you for your help. My sincere thanks to you. please help,

@roar thanks for your inputs in making this project going, appreciate. when i loaded the EA into the chart, it doesn't give me any option for me to choose buy or sell..it triggers automatically. i am testing it on demo now, it triggers sell..will monitor and update you the progress, thanks a lot for the help.

@roar i tested it on DEMO, the first trade was a buy and then once hit TP, there is no next trade triggered. My requirements is start with buy or sell order given to choose.
Scenario 1 : if taken buy then TP reached continue next order buy and so on, once hit SL change the order type to Sell.
Scenario 2: If taken sell order TP reached,continue next order sell and so on, once hit SL change order type to Buy.

SL 50 and TP 20 for both buy and sell order.

thats my requirement, Hope you can help me to build the EA. not sure whats wrong.kindly check , thanks.

@roar thanks Roar for check and correction, appreciate your extended help. currently i am trying it on Demo. Will update the progress. thanks

@roar , Thanks a lot for helping me, appreciate your help. I will try based on your advice. Many thanks. God bless.

Hi friends,
Need help, my strategy as follows:

1. Buy or Sell depends on the input we can choose.
2. If buy, then SL 50 and TP 20. if buy order stopped out, need to open sell order with SL 50 and TP 20.
3. the loop continues as mentioned above.
4. please help me in creating this into EA.
5. If you guys have better or improvised this idea, please suggest we can discus about it. kindly help, thanks.