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MT4 candle-by-candle manual backtesting 9 replies
How to make EA that send Open Price of Candle for every new candle 5 replies
Day's first H4 candle correlation to daily candle 14 replies
Correlation between first 4 hour candle and daily candle 1 reply
DSP and nonlinear math 0 replies
DislikedRocky - I see it as the original system, not the inverse. Usually long arrow points north.Ignored
DislikedPost 203 = This is the description of the original system, not inverse. "Put a stop loss at opening or closing price for bear or bull candle DSP respectively." Opening or closing is nonsense. Post 204 = input long be close to the blue candle, which is also the DSP.Ignored
DislikedPassword thanks for bringing us this thread. Here is the EA i wrote for the system based on the rules in post #1. It is locked so only runs on demo accounts and only until the end of January. Please don't ask questions on how to load it and use it, use Google! It is set by default not to trade but to act as an indicator so finds last DSP candle and draws lines for you and the 24hr history box based on NumBars. It doesn't use any indicators all calculations are done internally. The settings are outlined below: SignalOnly=true; //Stops trading and...Ignored
Disliked{quote} Where is the problem? As long as your percentage of winning trades is large enough, you'll be fine. You also can use a trailer so you won't get into trouble if the move stops e.g. at 8 Pip profit.Ignored
QuoteDislikedSTEP 1 : Look at candle length indicator carefully and observe its horizontal axis (ie zero line). If it is at center (ie.. both +ve and -ve sides equal) skip this chart. But if not, then check where it is shifted? Upward or Downward. If upward then find biggest Bear candle and if downward then find biggest Bull candle. This candle is nothing but DSP candle.