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Suggestion I will make a Free EA with your Indicator

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kris ronquillo said:
Hi Bro Tanaka,
My understanding in Hedging is to minimize the DD until hit the target level relative to pullback/retrace and correction of price with specified condition. since you have made already some EA's that will benefit most and minimize the load of the mt4 platform somehow.
my idea goes like this:

Use Super Arrow EA-Rev B
just Add option for:
1. Hedge = open opposite position with the first signal.(same Lot size)
2. when the First marti hit then- hedge marti open opposite position with same level of first marti 1/2 of lot of marti and so on to the next marti

Ex:(marti lot multiplier set to 2.0, Pip 10)
- if first position is 1-lot then (Buy and sell)
- first marti is x2 in 10pip so Hedge Marti will be 1-Lot with same level.
- if 2nd marti hit with 4-lot the Hedge Marti will be 2-Lot with same level.
- if 3rd marti hit with 8-lot the Hedge Marti will be 4-Lot with same level.
- and so on to the next level of marti then eventually we got lucky then correction happens after hitting the 3rd marti winning with 4-Lot less the spreed.View attachment 85419
Click to expand...
Mr Tanaka. Pls kindly work on this logic
 
ademola moses said:
Mr Tanaka. Pls kindly work on this logic
Click to expand...
Can you tell me if below is OK?
1st normal order is 0.1 BUY and OPEN sell at the same time with half lot size.
Martin attack buy order is now opened after xxx pips, then sell order is placed with half lot size.
If it reached to the TP, then close all orders together.
It it OK?
 
tanaka akiko said:
Can you tell me if below is OK?
1st normal order is 0.1 BUY and OPEN sell at the same time with half lot size.
Martin attack buy order is now opened after xxx pips, then sell order is placed with half lot size.
If it reached to the TP, then close all orders together.
It it OK?
Click to expand...
yes ok
 
tanaka akiko said:
Can you tell me if below is OK?
1st normal order is 0.1 BUY and OPEN sell at the same time with half lot size.
Martin attack buy order is now opened after xxx pips, then sell order is placed with half lot size.
If it reached to the TP, then close all orders together.
It it OK?
Click to expand...
Hi Bro Tanaka,
the one you have asked is my Idea..
this is my reply previously https://soehoe.id/i-will-make-a-free-ea-with-your-indicator.t9801/page-740#post-310563

However please add the following option to your existing template Super Arrow (Rev-B)
Option Use Hedge

Ex per input%:(marti lot multiplier set to 2.0, Pip 10)
- if first position is 1-lot then (Buy and sell)
- first marti is x2 in 10pip so Hedge Marti will be 1-Lot with same level.
- if 2nd marti hit with 4-lot the Hedge Marti will be 2-Lot with same level.
- if 3rd marti hit with 8-lot the Hedge Marti will be 4-Lot with same level.
- and so on to the next level of marti then eventually we got lucky then correction happens after hitting the 3rd marti winning with 4-Lot less the spreed to TP then close all
Hedge Marti-Dia.jpg
 

Attachments

tanaka akiko said:
Hi
Hi, I coded.
But to place buy/sell order at half size and quarter size, the result is not good.
And also if I put stop loss as lowest/highest of previous bar, the result was not profitable.
In this reason, I remove complicated logic and make it simple.

You can set tail size below.
View attachment 85583
If you put 7pip, for example,
Buy entry logic is if the tail size is longer than bodysize * 7 = buy entry

View attachment 85584

Buy stop is placed in Highest price of the previous candle stick.
Sell stop is places in Lowest price if the previous candle stick.

I have tested but it is better to put takeprofit and Stoploss manually.
You can also use trailing stop.

EU TF H1
View attachment 85585


EU M1 with attached set file.
View attachment 85587
Click to expand...

For a perfect Hammer & Shooting Star, the EA will have to place a Buy Or Sell Order
Example Of Perfect Hammer & Shooting Star are given below:

A Hammer: The hammer will have an upside body with a long tail (Usually more than 2.5x-3x or longer than the body size), maybe with a nose after body or not. It is a perfect Reversal Sign / Storing Movement Sign usually forms for a buy entry for traders.

Dragon Fly & Gravestone Doji: They have a very small body but the tail is SOoo long and may have a nose or not. They also make reversal or strong movements.

A Shooting Star: The shooting star will have a body downsize while the tail will be above & body will be down, usually forms for a Sell entry for traders, It is also a price action reversal pattern or a strong movement sign.

Pinbar Reversal Strategy: 80-90% pinbar will do a Retracement, once a pinbar form's still the Banks, Insurance, Exchanger's hold their positions, once the market opens and they notice that kind of pattern they start to close positions after that market falls. While the retracement of the candle is very common and very important. The retracement will occur. The change of retracement is nearly 80% or more than that.
The very common point of reversal points are 50% Retracement we call (half size of the candle), Another one is the quarter size of the candle retracement on which side we're going to trade. If we take entry just after closing the daily candle and the retracement will make us a horrible drawdown up to 50-100 pips.

How to catch the entry then: Buy Limits and Sell Limits Pending Orders Or direct entry if that hit on that area's on Pinbars on half size and quarter size. And, after forming the candle take a direct entry, while there will be 80% chance of retracement so also it should take two more entries! Sounds aggressive? On a $500 account, only 0.01x3= 0.03 lots are not that much risk to catch the retracement area. I just want to catch the reversal as well :)

Take-Profit: 1x size of the candle's entire body.
Stop-Loss: 10 pips above/below the tail.

Pinbar-Picture-real.png



I'm working on this price action strategy, while dear I has to give the alarm on market opening time. Get out of the bed, turn on my pc. Analyze the market, put direct entries or Buy/Sell limit orders, and then again Sleep. You know how much tough is that. :sweating: I hope an auto system can help it!
This is my entries today with candlestick pattern entries only taken on midnight...
Soehoe-Upload.png


Few Notes For You: The body and tail size may vary by market conditions. It can't be fixed. No conditions to make it fixed. The will make the candle by itself. Even the body size can be like a doji as well, just like shown above (Attached Picture). Please note that the candle size, body size, tail size is variable. Doesn't matter only matter is that perfect Pinbar or not.

And...Your detailed panel for inputs looks very very complicated to me. The earlier panel was easy and better to understand and control. The strategy is simple and the panel should be simple as well. There nothing to do with just taking entry on the perfect conditions only and t/p 1x size of the candle and s/l below/above 10 pips of the tail.

Your last version delivered only very few pinbar's in a year only on backtests. As I had said the size and look will be variable and the ea have to find the perfect bars to trade. usually Monthly it should have at least 3-4 perfect pinbars to trade.
 
Last edited:
tanaka akiko said:
I tried but this indicator make buffer output in next bar, so if I changed code to pick the signal immediately, EA fails to read signal. Sorry.

View attachment 85589
Click to expand...
i really appreciate your good work . but on 1hr time frame it work well without buffer or repaint. pls one more time kindly try to make this work. if it can work 5minute after the signal come on 1hr time frame. also very ok. for the result to be perfect on open and close candle . trade need to open and close on immediate coloure change and appear. thanks
 
Last edited:
fxgalib125 said:
For a perfect Hammer & Shooting Star, the EA will have to place a Buy Or Sell Order
Example Of Perfect Hammer & Shooting Star are given below:

A Hammer: The hammer will have an upside body with a long tail (Usually more than 2.5x-3x or longer than the body size), maybe with a nose after body or not. It is a perfect Reversal Sign / Storing Movement Sign usually forms for a buy entry for traders.

Dragon Fly & Gravestone Doji: They have a very small body but the tail is SOoo long and may have a nose or not. They also make reversal or strong movements.

A Shooting Star: The shooting star will have a body downsize while the tail will be above & body will be down, usually forms for a Sell entry for traders, It is also a price action reversal pattern or a strong movement sign.

Pinbar Reversal Strategy: 80-90% pinbar will do a Retracement, once a pinbar form's still the Banks, Insurance, Exchanger's hold their positions, once the market opens and they notice that kind of pattern they start to close positions after that market falls. While the retracement of the candle is very common and very important. The retracement will occur. The change of retracement is nearly 80% or more than that.
The very common point of reversal points are 50% Retracement we call (half size of the candle), Another one is the quarter size of the candle retracement on which side we're going to trade. If we take entry just after closing the daily candle and the retracement will make us a horrible drawdown up to 50-100 pips.

How to catch the entry then: Buy Limits and Sell Limits Pending Orders Or direct entry if that hit on that area's on Pinbars on half size and quarter size. And, after forming the candle take a direct entry, while there will be 80% chance of retracement so also it should take two more entries! Sounds aggressive? On a $500 account, only 0.01x3= 0.03 lots are not that much risk to catch the retracement area. I just want to catch the reversal as well :)

Take-Profit: 1x size of the candle's entire body.
Stop-Loss: 10 pips above/below the tail.

Pinbar-Picture-real.png



I'm working on this price action strategy, while dear I has to give the alarm on market opening time. Get out of the bed, turn on my pc. Analyze the market, put direct entries or Buy/Sell limit orders, and then again Sleep. You know how much tough is that. :sweating: I hope an auto system can help it!
This is my entries today with candlestick pattern entries only taken on midnight...
Soehoe-Upload.png


Few Notes For You: The body and tail size may vary by market conditions. It can't be fixed. No conditions to make it fixed. The will make the candle by itself. Even the body size can be like a doji as well, just like shown above (Attached Picture). Please note that the candle size, body size, tail size is variable. Doesn't matter only matter is that perfect Pinbar or not.

And...Your detailed panel for inputs looks very very complicated to me. The earlier panel was easy and better to understand and control. The strategy is simple and the panel should be simple as well. There nothing to do with just taking entry on the perfect conditions only and t/p 1x size of the candle and s/l below/above 10 pips of the tail.

Your last version delivered only very few pinbar's in a year only on backtests. As I had said the size and look will be variable and the ea have to find the perfect bars to trade. usually Monthly it should have at least 3-4 perfect pinbars to trade.
Click to expand...
OK, so you want blow

Take-Profit: 1x size of the candle's entire body.
Stop-Loss: 10 pips above/below the tail.

What about Pin bar with no real body, which means takeprofit is too small, isn't it?

What else input parameter do you want?
 
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