Does anybody recognize this ea strategy?

[wegbereider]

I have been really interested in the strategy that this expert advisor uses. (mt4 / US30 pair)
The original maker is not known. I have been searching a lot. There are resellers, but they are not the owners.
But i do see this ea is made with fxdreema.

Does any of you recognize the strategy? I think it is a simple one. Maybe candlestick strategy?
The ea seems to open a buy trade on a new candle when former candle was green.
The ea seems to open a sell trade on a new candle when former candle was red.
It runs on the 1 hr, but it can also run on lower timeframes.

I would like to know so I can make my own ea based on this kind of strategy. Expecially for indices.

LE PARC 2.0.ex4

[VHV-Profit-Masters]

muy interesante, suena como a ing. inversa jajaja

[wernerw]

@wegbereider that looks like BatmanFX... for what its worth looks like ict

[tharindu999]

@wegbereider There should be more conditions along with the candlestick pattern you mentioned. Once all the conditions are met, the last requirement may be the candlestick pattern you mentioned.

Yes, you can code something like that. before that your need to have a good idea about what you are going to create.

[l'andorrà]

@wegbereider How do you know it was created with fxDreema?

[wegbereider]

@l-andorrà Because in the Tab: about it mentions Batman FX, but when you click on Batman FX it links to FXdreema website.

[wegbereider]

@tharindu999 I thought it is a really simple strategy: If former candle (1) is bearish, a sell trade opens on current candle.
If former candle (1) is bullish, a buy trade opens on current candle.

It has a trailing stop, every time it hits the trailing stop it keeps opening 1 new trade on the current candle.

But maybe i miss something? A volume indicator perhaps? Because in the night, during Asia it does not seem to open a trade every hourly candle.

[tharindu999]

@wegbereider that's it. there should be some other criteria's as well. since I'm always makes EA's out of candlesticks patterns, I understood that candlesticks alone won't make a profitable strategy. there should be some additional confirmations as well.

[wegbereider]

@tharindu999 I now made this, this is without the trailing stop.
But i do see that when the candlebody is too small it does not open a trade on the candle after that small candle. I think because a reversal could be happening?

https://fxdreema.com/shared/VCftL6pmd

[tharindu999]

Remove "once per bar". I'll solve the issue