fxcodebase-backup
Candle Direction Strategy
Source: https://fxcodebase.com/code/viewtopic.php?f=31&t=60817
Forum: 31 · Topic 60817 · 9 post(s)
Candle Direction Strategy
Apprentice · Fri Jun 13, 2014 6:53 am
Based on the request. viewtopic.php?f=27&t=60813
If Sequence is set to NO. Open Long-If Current candle is Up Open Short - If Current candle is Down.
If Sequence is set to YES Open Long If Current candle is Up and Previous candle is Down Open Short - If Current candle is Down. and Previous candle is Up
Make sure to set appropriate position limit number.
Strongly recommend that you do not use Live mode.
Re: Candle Direction Strategy
kankatrader · Tue Oct 14, 2014 12:59 pm
Hi, i want trade this strategy in 2 minute time frame . Can you make this possible.
Best Regards
Re: Candle Direction Strategy
xpertizetrading · Mon Jul 20, 2015 12:40 am
Hi Apprentice,
I would like to have a little modification to this strategy:
All open positions expire and are closed at the end of each candle. When a new candle forms new position is entered:
If New Candle Turns Green: Buy If New Candle Turns Red: Sell
Hold till the end of the candle and repeat.
Regards, Xpertize Trading
Re: Candle Direction Strategy
ronald3rg · Wed Jul 27, 2016 8:27 pm
Hello Everyone,
Added some updates to this strategy.
- Opposite entry option - enter in the opposite direction of signal
- Hugstop- move stop after set pips gained on avg between all positions
- Auto Lot size - auto lot sizing based on balance or equity
Re: Candle Direction Strategy
vaguthun79 · Sun Oct 16, 2016 9:56 am
StopHug: really a great feature , Fxcodebase has really good Robots, if we could add stopHug feature on them they will be very profitable. I trade manually with that system. Great Job
Re: Candle Direction Strategy
vaguthun79 · Mon Oct 17, 2016 5:04 am
Would it be possible to add anther feature to this strategy?
A MA filter, where it opens with respect to that. For eg: If the price is above MA only buy in new candle. and just opposite for sell.
Re: Candle Direction Strategy
Apprentice · Tue Oct 18, 2016 9:20 am
MA Filter added.
Re: Candle Direction Strategy
vaguthun79 · Wed Oct 19, 2016 11:24 am
Thanks, really appreciate it.
Re: Candle Direction Strategy
Apprentice · Sun Dec 18, 2016 7:22 am
Strategy was revised and updated.