Suggestion I will make a Free EA with your Indicator
- Thread starter winidecorw
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Oh, I need to change paremeter? Was it the old one? Let me check.
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Thank you master ,update you
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yes ok
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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
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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.
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.
I hope an auto system can help it!This is my entries today with candlestick pattern entries only taken on midnight...
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.
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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
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I heard of www.cheap-forex-vps.com
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OK, so you want blowFor 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.
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.
This is my entries today with candlestick pattern entries only taken on midnight...
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.
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?
Please BluePanther Does this repaint?
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T/P: Size is entire body that means from tail to end.
S/L: 10 pips below or above according to the formation of the candle .
Pinbar will not a big body is also found just follow S/L above the tail, according to candle formation and TP is the total size of the candle.
Simple input parameters are just fine. No need to complicate things here. Just entry taking conditions have to follow nicely...
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Hi! is not good..
Pending order at Half size of the pinbar, and Quarter size of the pinbar
Look at this, if not possible pending then on real-time if reaches quarter and a half take entries????
Let me know tanaka akiko
That is posible... but need some hard work, the problem is its very difficult to detect perfect pinbar... first u must describe the dimension of pinbar it self... for example...
Candle height = 100%
Nose height = not exced 10% of candle height
Body height = not exced 20% of candle height
Tail height = not exced 70% of candle height
If u describe like this... may be tanaka or some good programmer can code it for u....
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thank u tanaka ser ..
ill test it
Hi Stadevata! Me..(from Italy..) and I think many (from many parts of the world..) on this Forum.. wayting for your testing sets.. sincerely .. among the absolute best here!!
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I coded with your logic...but maybe I think we need some modification with tp/sl.
Dear Mr. Tanaka,
have you see my post #14817?
https://soehoe.id/i-will-make-a-free-ea-with-your-indicator.t9801/page-741
Let me know, thanks
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Yes, but I am not sure if this can be used to advantage.
Hmm... I guess repaint is no good... sorry.
Backtested with visual:
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I tested with your set file, but lot size is increasing.
How about your backtest? Are you talking about FT?
By the way lot size is too big, maybe 0.01 lot is better.
