I am still not sure about "Respect the Parent Big Candle" Concept. and with any EA I think we should accept some loosing trades, but this was an Odd case for EUR/USD.

Follow the BIG Candle

Now lets take a look at H4 Time frame. image Should we have Respected the recent Big Candle on Higher Time Frame (H4 in this case), most of false signals would have been avoided.

Follow the BIG Candle

The attached chart shows 3 consecutive losses on EUR/USD on M30 (TF used by EA). image All 3 trades show that EA entered on a Reversing Point. False Break Out.

Follow the BIG Candle

The EA started making trades on 13/3/2014. So far its been 12 trading days. It went into Loss and Profit, and now on almost break even. I will focus on the Loosing Trades and try to analyze (with the help of you guys) why those trades failed. The ...

Follow the BIG Candle

Hatem, you are absolutely correct. I ment 0.05. Typing error. Sorry.

Follow the BIG Candle

Just for Fun !

Follow the BIG Candle

The only hick-up is the Minimum Lot limitation on the broker, that based on the set risk percentage of 1% on each trade EA is not able to open the trade at the intended number of lots, and accordingly most of the trades are closed at partial profit ...

Follow the BIG Candle

EUR/USD Trade is till suffering. I think it will hit SL before weekend. Please remember that I am not interfering with the EA work. It does what it does based on the rules. The only hick-up is the Minimum Lot limitation on the broker. EDIT : Sorry ...

Follow the BIG Candle

This is the current GBP/USD trade. It is a good example on how the EA should work. It closed 1/2 position at partial take profit, moved SL to break even, and now trailing the stop. EDIT : This was because SL was small, so EA was opened the trade ...

Follow the BIG Candle

The Latest version is on Page#9 Post#178. I also updated the Link to version 4 on the First Page. If you are planning to run on multiple pairs, please review post #127.

Follow the BIG Candle

I don't see why not.But Demo please.

Follow the BIG Candle

GBP/USD is so far the best performer on Big_Candle_04, followed by USD/CAD While EUR/USD is the worst, followed by EUR/JPY.

Follow the BIG Candle

Thanks, you saved me the effort.

Advanced engulfing bar system

I am thinking of applying the same strategy to regular bars, through an EA of course.

Advanced engulfing bar system

In many cases the Big Candle is followed by a consolidation/correction that might consume the whole Big Candle. I am thinking of split the risked position into Two trades : Market Order Pending Limit Order @ 0.75 of Candle Length Still both orders ...

Follow the BIG Candle

If you are checking the attached Trade Explorer you'll notice that some trades are still open from last week, and didn't close at SL or TP, and that's because the market is Ranging on those pairs. At some time it should Break-Out and produce either ...

Follow the BIG Candle

Thanks. Time or session based ATR will not necessarily give better ATR calculation because some currencies are also active in the Asian session (i.e. : JPY, NZD, AUD). However your first suggestion where we exclude very small candles might be a ...

Follow the BIG Candle

Since March 8, over 200 downloads of v4. I hope that who downloaded it had the chance to play with it in the strategy tester. We also have it working on 8 pairs linked to Trade Explorer. I think its about time to start working on version 5 of this ...

Follow the BIG Candle

Some statistics on GBP/USD M30 for the period from 20/6/2011 until today Period M30 candles: 33961 candles Period Days : 1008 days Period Weeks : 144 weeks Period Months : 33.5 Months Period Years : 2.8 years Average Candle Size = 14 Pips Maximum ...

Follow the BIG Candle

Thanks, I suggested a similar idea in post#113. "I am thinking also of a better way to identify the Big Candle, I am not sure that using ATR is the best method. I mean the Big Candle should stand out of all recent candles, maybe twice as large as ...

Follow the BIG Candle