Building a bot to look for Wicks
-
Can a bot be built to look for candles with designated wick lengths? Then execute the trade based on that? Just curious as I'm trying to see what these bots can do.
-
@Wilmabon Yes, it can with proper variable setting and logics
-
@Xeta50 would you be able to assist me? Is it fairly simple to do so? I just learned about building a bot and I just want to play with a theory on a demo account for a few weeks. I was up all last night trying to figure this stuff out.
-
@Xeta50 oh and thanks for your reply, how rude of me.
-
In a condition block candle 1 upper/lower wick => than a number of pips, or use single candle template %
-
@Wilmabon It depends on what you really need (mean) by that designated wick length (such as last bar upper wick, 5 times of H1 ATR, wick of the highest price from last cycle of RSI overbought and etc.) , so some is already in the built-in functions of fxdreema
, some can be done like what @jstap reply and some is a little bit more complicated.
We have so many great guys around here (I'm also asking help from them and also jstap :D) so I think it is not too hard for you to learn. But you should be more specific with your question and a shared project URL would be even better for them to assist you.
-
