candlestick pattern

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fxcommentary
Posts: 3
Joined: Mon Mar 16, 2020 8:14 am

candlestick pattern

Post by fxcommentary » Mon Mar 16, 2020 8:16 am

Hello, it it possible to use candlestick patterns definition as a signal (set of conditions ex. close > close[1-i]. Regards, M.

fxcommentary
Posts: 3
Joined: Mon Mar 16, 2020 8:14 am

Re: candlestick pattern

Post by fxcommentary » Mon Mar 16, 2020 9:03 am

Also pls inform how to proceed. I have an indicator which has 2 buffers (0,1).
0 is for up arrow, 1 is for down arrow.

When 0-buffer is active (signal is generated) i want to:
- buy stop,
- 5 pips above,
- high of previous candle.

I do not understand how should i translate these conditions into inputs of "BUY ENTRY CONDITION 1". If anybody could provide settings for that example i will understand. Regards, M.

Administrator
Site Admin
Posts: 7
Joined: Thu Aug 15, 2019 7:38 am

Re: candlestick pattern

Post by Administrator » Mon Mar 16, 2020 7:01 pm

fxcommentary wrote:
Mon Mar 16, 2020 8:16 am
Hello, it it possible to use candlestick patterns definition as a signal (set of conditions ex. close i > close 1 - i. Regards, M.
Type 1 = Single Bullish Candle (for example)
Type 1 Parameter 1 = 4 (for example: the signal number for bullish harami)
Comparison = equals
Type 2 = Nominated Value
Type 2 Parameter 1 = 1

Administrator
Site Admin
Posts: 7
Joined: Thu Aug 15, 2019 7:38 am

Re: candlestick pattern

Post by Administrator » Mon Mar 16, 2020 7:06 pm

fxcommentary wrote:
Mon Mar 16, 2020 9:03 am
Also pls inform how to proceed. I have an indicator which has 2 buffers (0,1).
0 is for up arrow, 1 is for down arrow.

When 0-buffer is active (signal is generated) i want to:
- buy stop,
- 5 pips above,
- high of previous candle.

I do not understand how should i translate these conditions into inputs of "BUY ENTRY CONDITION 1". If anybody could provide settings for that example i will understand. Regards, M.
first condition
Order Type = Stop Buy
Type 1 = User indicator
Type 1 Parameter 1 = (user input 1 if required from your custom indicator)
Type 1 Parameter 2 = (user input 2 if required from your custom indicator)
Type 1 Parameter 3 = 0
Comparison = eg. equals
Type 2 = Nominated Value
Type 2 Parameter 1 = 1 (the equivalent of true as set by your user indicator)


second condition
Within X Bars = 2
Type 1 = Highest over a Number of Bars
Type 1 Shift = 5
Comparison = less than
Type 2 = Close

NOTE: because you have assigned a User Indicator, you will be prompted for the User Indicator Name when you load the Expert Advisor

fxcommentary
Posts: 3
Joined: Mon Mar 16, 2020 8:14 am

Re: candlestick pattern

Post by fxcommentary » Fri Mar 20, 2020 9:53 am

Thank you for help i will follow from this point. Regards, M.

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