2 bars egy on daily time frame
Results 1 to 7 of 7

Thread: 2 bars egy on daily time frame

  1. #1
    Hi There,

    Visually doing back testing gives amazing results on this egy, looking for a few coders to make an EA.

    Time Frame: Daily
    LONG Trade: Search for 2 consecutive bull candle, place pending long order at large (mixing both candles) 10 pips and SL LOW - 5 pips.
    TP: not one, just continue moving the SL. For Ex. In the event the trade begins to enter your favor, let it go and continue waiting for 2 bear candles, once identified move the SL into LOW-5 pips of these 2 bear candles.

    SHORT Trade: Only opposite of LONG

    OK, lets say your pending LONG order didn't trigger and you see 2 bear candles, Cancel the long order and place pending short as per egy.

    Following ex of AU exchange


  2. #2
    1 yup. . .been viewing that on nude charts for years... 2 candles away sl is WAY better than 1 candle behind. . .probably because most traders put a sl behind the 1st candle ;D iran across an indior after that puts sl behind second candle.... I.e take newest 2 closed candles find high. . .put SL at cheapest low of those two candles for long transactions or maximum high of those two candles for Small trades... (could not loe the indie)

    Is the Exact Same on all timeframes BTW

  3. #3
    try this
    uses market orders instead of pending orders but does supply visuals.
    Its a fast mash up so any bugs please let me know
    https://www.forexforum.co.za/attachm...1501407391.ex4

  4. #4
    Quote Originally Posted by ;
    try this uses market orders as opposed to pending orders but does provide visuals. Its a quick setup therefore any bugs please let me know file
    could you kindly post the mql source code

  5. #5
    Quote Originally Posted by ;
    quote would you kindly post the mql source code
    my preference would be not to post source code within a thread. sorry. but pls see the PM i sent.

  6. #6
    Quote Originally Posted by ;
    try this uses market orders instead of pending orders but does provide visuals. Its a quick mash up so any bugs please let me know document
    Thanks, will examine it, does it move the SL based on 2 opposite candles?

  7. #7
    Quote Originally Posted by ;
    quote Thanks, will examine it, does it proceed the SL based on two opposite candles?
    yes

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.