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| Master Candle EA http://www.molanis.com/forum/viewtopic.php?f=6&t=352 |
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| Author: | chop [ Wed May 11, 2011 10:11 am ] |
| Post subject: | Master Candle EA |
Has anyone built a Master Candle EA using the SB? The master candle strategy is when you have 1 candle (A) that engulfs the next 3+ candles. Look to take trade when price goes above the high or low of the first candle (A). |
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| Author: | RJo [ Mon Jun 20, 2011 8:40 am ] |
| Post subject: | Re: Master Candle EA |
Create multiple TAs, for example: High (Shift 4) > High (Shift 3), AND, High (Shift 3) > High (Shift 2), AND High (Shift 2) > High (Shift 1), AND High (Shift 4) < High (Shift 0), AND Low ((Shift 4) < Low Shift 3), etc... to reverse the conditions for low engulfing/breakout. Of course, each additional candle back you want to check will require a copy and paste of the above code with Shift 5... Shift 6, etc. Each mass of TAs need to be separated from Buy and Sell using OR icons. |
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| Author: | RJo [ Mon Jun 20, 2011 8:44 am ] |
| Post subject: | Re: Master Candle EA |
Copy and paste icons I should say, not code in SB. This is a huge time saver when you have long chains of icons having largely the same content. |
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