Yes, good analysis. It's good to catch same thing on different timeframes. More confidence, less risk.

Third candle bounce

Excellent. That's how it's done.

Third candle bounce

That's nice visual. Good job.

Third candle bounce

I simplified the code. Made it numeric. It's more to the point now. The point is that each candle has 4 lines OHLC. These lines can be crossed and they can be crossed back. We count lines depending on our setup. For longs we count lines beginning ...

Third candle bounce

Concentrate on avoiding mistakes. Then your losses will be small.

The best idea for stoploss?

While dashboard is being designed, this can be used to observe three candle development on different timeframes.

Third candle bounce

This is what acronyms stand for. You won't find them in Oxford dictionary . First two candles decide the setup, long or short. Then We want to trade in the direction of the third candle. Third candle will move and hit some lines. Current state ...

Third candle bounce

Yes, that's one way to keep it simple. Maybe RiskFighter stops ignoring me and comes back to create a robot on these principles. Come back RF! I was too harsh, but that's reality. I was having a bad day. Sorry.

Third candle bounce

We analyze three candle configurations. Necessarily we make a choice for short or long bias. And then either trade blindly and hope our choice is right or we look for signs that confirm our choice. First two candles decide our bias. And we look at ...

Third candle bounce

That's correct. I don't want to spam the thread with code that doesn't work. Thanks. I'll post dashboard when it's developed, and it WILL work.

Third candle bounce

Look at this picture. It doesn't place trades in MT4. I'm not sure what you are talking about.

Third candle bounce

Backtesting is used to validate basic functionality of EA. If it doesn't work in backtest, I'm not going to use it in forward test.

Third candle bounce

It doesn't trade for me in backtester. So I'm not sure where we go from here...

Third candle bounce

I don't program mql anymore. But I can troubleshoot.

Third candle bounce

I am using ticks. I assume there's no timing code in EA that prevents accelerated testing? Any timing code should use iTime to accomodate testing.

Third candle bounce

Can you give me some settings that work? It's not placing trades for me in tester.

Third candle bounce

Sure, "close enough" I usually define as percentage of ATR. That can be a parameter. Distance between 1st and 2nd candle highs or lows is the filter defined as ATR percentage, let's say 25%.

Third candle bounce

Yes, rejection engulfing candle is one variation. But same direction candles also work as long as their highs or lows are near each other.

Third candle bounce

You don't need to know up front the direction. You just need to know that setup is currently valid on HTF. Then you can look for setups on LTF. Here's a less than ideal setup on daily: image We know it's working when 3rd candle is below 1st ...

Third candle bounce

I marked third candle of flash setup. Sometimes third candles follow each other.

Third candle bounce