@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..
Hi arrow :
Nice try as being new trader, and thanks alot to roar, he is very nice guy to provide such a good support. I have tried your strategy it's good, but i only tried it on bull and bear candles, if you want to set take profit as 1:2 or 1:3 you can do it very easily but roar is right you have to very care full about candle id numbers because it mess when we get stuck with candle id numbers.
We can set the TP with "modify stops", connecting from the FALSE output of "No trade".
Edit: oh you can actually do the same thing directly from the Buy now / Sell now block.
I only backtested to see the logic is ok. I don't expect this to make profit, although it is a nice start, and good practise.
There is a simple "thought test" you can perform: if someone else has probably tested the same thing before, then it will probably not be profitable. Someone has surely tested 2 bears 2 bulls before, so its no good. You have to make something more advanced. Innovate.
But as said, it is still very good practise in this business.
Here's the other project with RSI. I understand the "engulfing" as higher high + lower low in a candle. This reduces the entries quite a lot, can't say if it is good or bad. I used some variable and constants tricks in the project, it may take a while to wrap your head around it, lol 
https://fxdreema.com/shared/Cy0GAae1c
If you get the project by importing the .mq4, it automatically sets the variables in place for you:
0_1548539085270_SAR.mq4
reading this with interest. been working on an idea on the beginning and BT after BT, changes and evolved to other ideas and settle on one finally. Though this would take about 1 month full time to settle one but ended up still making it 'perfect' on the 4th month after multiple BT.
my method is very mechanical and by playing around with numbers to modify sl to breakeven is very tricky, especially on ranging times. I do find more success if you think a little to resolve/avoid/reduce losing trades on ranging times and from there to trending time will be no issue.
i havent spend much time thinking of other methods but will do when i complete this current project.
HI arrow82 :
How are you ?
Was out for while.
Will check it and discuss about it.
I have tested 2 bears in a row and 2 bulls in a row, it's working in strategy tester with constant profit, but profit is very small, when i used martingale it is increasing profit as well, but you need specific pairs to trade with it.
@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.
This is AUDNZD h4 time frame results, initial deposit was 1000 dollars and tested for last 3 years
@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.
Hi arrow82 :
This is triggered correctly because i am only opening trade when there are 2 bears in a row for sell trade and 2 bulls in a row for buy trade
This is using martingale in strategy for trades
@seemab thanks for your reply. could you share the updated version of the EA with martingale settings, i want to test and try. thanks.
Please Use Default Settings On AUDNZD Pair On H4 Chart Time Frame https://fxdreema.com/shared/GFYWFvgtc
@seemab thanks man, will give it a try.
You are wellcome Arrow82 :
Hi roar :
How are you ?
Can you please suggest where to learn mql4 and mlq5 coding to write my self codes. Any online classes or courses or institutions ?
@seemab Hi! I dont know about any courses, never participated on any, lol
You can freely add custom code to your fxdreema blocks. I have learned by trial and error x 1000 000.
Ok thank you roar, will check it because i am willing to learn coding my self but do not how to get started with.
@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.
Here's the other project with RSI. I understand the "engulfing" as higher high + lower low in a candle. This reduces the entries quite a lot, can't say if it is good or bad. I used some variable and constants tricks in the project, it may take a while to wrap your head around it, lol
https://fxdreema.com/shared/Cy0GAae1c
If you get the project by importing the .mq4, it automatically sets the variables in place for you:
0_1548539085270_SAR.mq4
