ok next hour or so im gonna take any setup , no matter how ugly, its like a stress test
got the 15 and 3o mins candles coming up
im expecting some wins and losses
got the 15 and 3o mins candles coming up
im expecting some wins and losses
- #126
- Edited 7:23am Dec 19, 2025 6:51am | Edited 7:23am
Here is the dashboard, as promised.
I ended up adding five parameters, which you can play around with.
Please note:
Obviously, the stricter the settings, the fewer signals you will see.
This setup is quite strict in itself. It also happens from time to time that there is practically no signal at all.
Unlike my usual dashboards, MTF signals are not expected here, as it is very rare for multiple TFs to generate signals for a single instrument.
About the parameters:
The indicator calculates the ATR for the given TF (this is the 100%), and the parameters use this as the basis for the calculation.
You can see the referenced numbering in the above images:
1.
The minimum size of the previous candle. This prevents candles that are too small from giving a signal.
2.
The minimum size of the previous candle's wick. This prevents us from wanting to "fill" a wick that is too small.
3.
The maximum allowable amount of movement that has already taken place within the wick. This prevents us from wanting to "fill" a wick that has already been filled previously.
4.
The minimum expected size of the current candle, i.e., the distance the price must travel in the opposite direction before turning back in the direction of the previous candle.
5.
The maximum permissible size of the current candle (important as long as the price moves in the opposite direction). If this is exceeded, there is no signal, because we do not expect the price to reverse back in the direction of the previous candle.
Read more about my dashboards:
WM4X-Dashboard series - General description (updated!)
Download it from the my thread.
I ended up adding five parameters, which you can play around with.
Please note:
Obviously, the stricter the settings, the fewer signals you will see.
This setup is quite strict in itself. It also happens from time to time that there is practically no signal at all.
Unlike my usual dashboards, MTF signals are not expected here, as it is very rare for multiple TFs to generate signals for a single instrument.
About the parameters:
The indicator calculates the ATR for the given TF (this is the 100%), and the parameters use this as the basis for the calculation.
You can see the referenced numbering in the above images:
1.
The minimum size of the previous candle. This prevents candles that are too small from giving a signal.
2.
The minimum size of the previous candle's wick. This prevents us from wanting to "fill" a wick that is too small.
3.
The maximum allowable amount of movement that has already taken place within the wick. This prevents us from wanting to "fill" a wick that has already been filled previously.
4.
The minimum expected size of the current candle, i.e., the distance the price must travel in the opposite direction before turning back in the direction of the previous candle.
5.
The maximum permissible size of the current candle (important as long as the price moves in the opposite direction). If this is exceeded, there is no signal, because we do not expect the price to reverse back in the direction of the previous candle.
Read more about my dashboards:
WM4X-Dashboard series - General description (updated!)
Download it from the my thread.
- #133
- Edited 9:34am Dec 19, 2025 9:17am | Edited 9:34am
- Joined Sep 2007 | Status: Trader | 1,174 Posts
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- #139
- Edited Dec 23, 2025 6:48am Dec 22, 2025 10:18pm | Edited Dec 23, 2025 6:48am
Hi, Just want to check if my understanding of this system... is it correct?
BUY RULES (Green Candle)
BUY RULES (Green Candle)
- Setup Candle
- Green candle
- Clear top wick
- Not a doji / indecision candle
- Confirmation
- Next candle must make a bottom wick first
- Entry
- Buy stop at body close of setup candle
- Target
- 1:1 RR minimum
- Aim for setup candle top wick fill
SELL RULES (Red Candle)
- Setup Candle
- Red candle
- Clear bottom wick
- Not a doji / indecision candle
- Confirmation
- Next candle must make a top wick first
- Entry
- Sell stop at body close of setup candle
- Target
- 1:1 RR minimum
- Aim for setup candle bottom wick fill
Created an indicator to represent my thoughts... arrow buy / sell is drawn on current candle if previous candle conditions met for a buy or sell setup.
Hi, Just want to check if my understanding of this system... is it correct? BUY RULES (Green Candle) Setup Candle Green candle Clear bottom wick Not a doji / indecision candle Confirmation Next candle must make a bottom wick first Entry Buy stop at body close of setup candle Target 1:1 RR minimum Aim for top wick fill SELL RULES (Red Candle) Setup Candle Red candle Clear top wick Not a doji / indecision candle Confirmation Next candle must make a top wick first Entry Sell stop at body close of setup candle Target 1:1 RR minimum Aim for bottom wick...
green candle wants a clear top wick as that is what want to fill
- Green candle
- Clear top wick( to be filled by next candle after it makes a bootom wick _
- Not a doji / indecision candle
and vice versa , red candle wants a bottom wick in order to be filled by next candle , the rest looks good i think , if you try this keep us informed of results please 
, none of us know if it is long term profitable yet