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    EA with pattern candlestick

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    • J
      Joseph88 last edited by

      Good evening. I would like to create an EA that works with the candlestick pattern. I tried to create an EA that sell whenever you experience the continuation of Figure 3 Bearish. Using the block Candlestick pattern, I drew the figure Bearish 3, but when I go to test the EA, open positions even if the pattern is not accurate to what I drew. Is there anyone who can help me? Thank you
      Url is the figure of the pattern that I want to create with the block candlestick pattern.

      https://www.google.it/search?q=bearish+3&source=lnms&tbm=isch&sa=X&ei=waWTUv_0CsbXtAbi24HwBQ&ved=0CAcQ_AUoAQ&biw=1295&bih=678#facrc=&imgdii=&imgrc=FYyy8AxNRz7tDM%3A%3BuNZvYAryabq1_M%3Bhttp%253A%252F%252Fupload.wikimedia.org%252Fwikipedia%252Fen%252Fb%252Fb3%252FBearish_3_method_formation_03.jpg%3Bhttp%253A%252F%252Fen.wikipedia.org%252Fwiki%252FFile%253ABearish_3_method_formation_03.jpg%3B500%3B400

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      • fxDreema
        fxDreema last edited by

        Well, I tried to make it, but I got very little signals from pattern similar to this: http://fxdreema.com/shared/iH0ljOJNd
        In this example, for middle 3 candles I set High and Low levels to be everywhere in a certain limit. Their Open and Close levels are free as well. In short - any 3 bull candles within this limit will be matched. For the last sell candle only Close is matched.

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        • J
          Joseph88 last edited by

          Thanks for showing me an example. I understand it is a question of limits. Thank you very much. 😄

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          • fxDreema
            fxDreema last edited by

            But if you can find some indicator to do this, it will be better. From long time ago I was thinking about removing this block from the generator, I think it's too complex and I don't like it very much 🙂

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            • J
              Joseph88 last edited by

              Ok. Then listen to your advice and I try to base this EA on a good indicator of the pattern. Unfortunately I set myself to understand how it worked and that's why I opened the thread. However, again many thanks. 😄

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              • O
                okranoblues last edited by

                I have a question about the candlestick pattern...

                If you create something that measure the wick and candle body on percentage it wouldnt be easy to understand and use that indicator

                like example:

                a 30 pips wick being represented by 30% or if you want to catch a wick from 10 to 30 pips you can use 10 to 30% wick..

                same with the body..

                Im not a programmer but this is just an idea i dont know if might work..i think the simple that is to enter data into the program the easy to use..

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                • fxDreema
                  fxDreema last edited by

                  For a single candle I really recommend "Single candle template" block, it's somewhere in the middle of the list.

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