In fact v4 was modified to use a Smoothed ATR value. The below text was taken from post#81. "I smoothed the ATR over 7 different periods based on the period used in the setup, 3 quarters below the given period and 3 quarters above, plus the original ...

Follow the BIG Candle

Although the Big Candle concept seems logical, I think we are still not able to Correctly identify the Big Candle. Look at the attached chart for EUR/USD M30 Current. image I still believe that ATR is not the best solution.

Follow the BIG Candle

One of the new parameters that I am planning to add to version 5 will be : Respect Parent Candle on Higher timeframe. Which means that if for example we are trading H1 and the recent Big Candle on D1 is bullish then we trade only bullish Big candles ...

Follow the BIG Candle

Another Look at the EA Parameter Settings (Applicable to Big_Candle_04): Continued: ma_period=20 : Exponential Moving Average Period. If you like to take only trades in the direction of the prevailing trend you can set this parameter to the period ...

Follow the BIG Candle

Another Look at the EA Parameter Settings (Applicable to Big_Candle_04): Continued: candle_period=0 : Candle Period 0 Open on current candle, 1 open on next candle. If you are using low value for atr_multiple its better to open on current candle for ...

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Another Look at the EA Parameter Settings (Applicable to Big_Candle_04): Continued: sl_atr=20 : Stop Loss in terms of ATR multiples. Now this should be at least equal to atr_muliple parameter, and better to be Twice, for example if the atr_multiple ...

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For you any one else still confused with parameter settings, here is Another Look at the EA Parameter Settings (Applicable to Big_Candle_04): atr_period=20 : ATR period (for current time frame) Please refer to posts # 79 & 80 & 81 for more details ...

Follow the BIG Candle

@FerruFX @PBPTaker Thank you for your valuable contributions.

Follow the BIG Candle

I don't think that you have to copy it in any place other that ..\MQL4\Experts\ @FerruFX : Any Idea ?

Follow the BIG Candle

Thanks. Magic numbers managed internally (not settable bu user). But my idea was that I want the two copies (clones) of the EA to work as one. In other terms one to be a backup for the other since I am not using VPS. Anyway, maybe this is too much ...

Follow the BIG Candle

Sure. The Ideas explored here (Lessons Learned so far) will be implemented in the next (hopefully Final) release of this EA.

Follow the BIG Candle

EA Forward Testing (Lessons Learned -3): Usually its very quite for a while before news (so ATR will be small, on M30 it could be 5 pips) Which will affect out settings for Initial TP(50 pips), Stoploss(100 pips), Trailing Stop (50 pips)... Then you ...

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EA Forward Testing (Lessons Learned -2): EA opened 2 trades on the same Big Candle on USD/JPY (chart attached) Now I know that this deficit was due to closing the Whole position instead of closing partial profit and trail (due to lot size issue ...

Follow the BIG Candle

Yes, it makes since that it opens the trade at news time because of a Big Candle, but I want it to build on that, not to close for 30 or 50 pips.

Follow the BIG Candle

EA Forward Testing (Lessons Learned so far): The demo account I opened for this test was a micro account, however I discovered that the minimum lot is 0.1 (which is mini not micro-I don't know why?), and since I'm using a risk percentage of 1% of ...

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EA Forward Testing: So far the EA results are OK, even at important news. It was able to close on reverse signals, and open opposite trades in an accepted fashion. However this EA was not meant to be a news trader, or a Scalping trader, as I have ...

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I will try to elaborate on that this weekend if possible.

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Glad to hear that. On Demo account I think , Or not ? Don't you dare !

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Its SHOWTIME @ FOMC meeting. I'm at home and EA Robot is at Work in Full Thrust. Take it easy boy!

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Trade Update : AUD/USD. It seems that the Minimum lot size allowed in the demo account is 0.10 (mini), so EA was not able to lock partial profit. but moved the stoploss to break-even. EDIT: No. The problem is with the EA when get disconnected, and ...

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