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Digamber Shankar PATIL's DSP Candle Strategy

  • #281
  • Dec 20, 2013 12:28am Dec 20, 2013 12:28am
Quoting budidharma19
Dear Dokopi, I see,... In my opinion , not a problem to buy and sell,.... its a value of hard work,.... I will PM Mike personally and see how,... Thanks for your explanation,.....
Testing is also hard work. I wish you satisfaction with a purchased EA.
Please excuse the bad English via Google Translate.
  • #282
  • Dec 20, 2013 12:41am Dec 20, 2013 12:41am
Quoting moodybot
Just wondering whether anybody has managed to put together or thought about making a dashboard. It would be great to see at a glance when a pair gets close to a few pips away from it's DSP candle, saves trundling through all the various pairs. Otherwise, excellent method.
Yeah.. exactly that is what i expect from this thread and this strategy.
  • #283
  • Dec 20, 2013 3:18am Dec 20, 2013 3:18am
My imperfect graphs look like this.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.png Size: 124 KB
Click to Enlarge Name: 1.png Size: 78 KB
Please excuse the bad English via Google Translate.
  • #284
  • Dec 20, 2013 3:30am Dec 20, 2013 3:30am
Hey guys, great strategy. I've tried the EA but doesn't work on backtest. Why?

Has anyone backtested it yet? I think backtesting could improve our confidence on this system.....
  • #285
  • Dec 20, 2013 9:35am Dec 20, 2013 9:35am
hi

Check this live DSP Trade as per Rule ---- Gold Looks Attractive

Attached Image (click to enlarge)
Click to Enlarge Name: DSP Gold - Live.PNG Size: 35 KB



happy trading


regards
rocky1980
rocky1980
  • #286
  • Dec 20, 2013 10:40am Dec 20, 2013 10:40am
Hi all my today's results with EA 3 trades 2 hit TP and one Hit SL, so at the end of the day no profit no loss, i think during trading with DSP candle we need to look into other things like S/R, over all trend etc. hope passward will put more light on it thanks..
Attached Image (click to enlarge)
Click to Enlarge Name: dspealive.png Size: 13 KB
  • #287
  • Dec 20, 2013 11:12am Dec 20, 2013 11:12am
Quoting jeetvirk
Hi all my today's results with EA 3 trades 2 hit TP and one Hit SL, so at the end of the day no profit no loss, i think during trading with DSP candle we need to look into other things like S/R, over all trend etc. hope passward will put more light on it thanks.. {image}
As written on the first post...

Warning : False signals may generate during big news declaration. Keep eye on forex news calender. Since this is the reversal trading, always check the position of DSP candle in the chart. If DSP BULL candle is at the very bottom of the chart, don't SELL trade, similarly, if DSP BEAR candle is at the very top of the chart, don't BUY trade.

In my view no EA can do this.. so its not advisable to trade with ea. Manual trading is better for such time of systems.
  • #288
  • Dec 20, 2013 9:15pm Dec 20, 2013 9:15pm
Like all of systems, this one does not work 100%,too.
  • #289
  • Dec 21, 2013 2:29pm Dec 21, 2013 2:29pm
Quoting jeetvirk
Hi mike thanks for upgrading the EA, today it opened buy position on AUD/USD but not on EUR/USD Chart attach on my live account. anything i am missing.. {image}

I guess that that when you got THE signal that THE long red bar left in Your chart still was THE dsp candle

cheers
  • #290
  • Dec 21, 2013 3:19pm Dec 21, 2013 3:19pm
Quoting dokopy
{quote} Testing is also hard work. I wish you satisfaction with a purchased EA.
Hey sh!thead! Why dont you just awnser my question instead of being a anoying troll
  • #291
  • Dec 24, 2013 8:29am Dec 24, 2013 8:29am
Any good coder plz come forward and code this strategy.
I tried it on 5 min charts it works like charm.

Requesting all expert coders here to plz code this strategy.
  • #292
  • Dec 24, 2013 8:35am Dec 24, 2013 8:35am
Quoting 24hrs
Any good coder plz come forward and code this strategy. I tried it on 5 min charts it works like charm. Requesting all expert coders here to plz code this strategy.
How many candles are you looking back on 5min tf to define which candle to consider as DSP candle, please?
  • #293
  • Dec 24, 2013 4:41pm Dec 24, 2013 4:41pm
I'm backtesting it on 4H and Daily TF using 96 candles. How do you take profit guys?
  • #294
  • Dec 25, 2013 6:21am Dec 25, 2013 6:21am
Quoting lucariga
I'm backtesting it on 4H and Daily TF using 96 candles. How do you take profit guys?
trend continue for 3 more candles.... check trend strength in the time frames --- always propels to max 3 -4 candles... u can analyze by using ATR for TP

regards
rocky 1980

Merry Christmas to all members....
rocky1980
  • #295
  • Dec 25, 2013 12:05pm Dec 25, 2013 12:05pm
Quoting rocky1980
{quote} trend continue for 3 more candles.... check trend strength in the time frames --- always propels to max 3 -4 candles... u can analyze by using ATR for TP regards rocky 1980 Merry Christmas to all members....
So, you mean to take profit at the 3rd candle after the breackout or at ATR value (choose the lower one)?
I've undrestood correctly?
  • #296
  • Dec 25, 2013 12:22pm Dec 25, 2013 12:22pm
Hey guys, I've noticed a bug on the Candle lenght indicator. I need to restart MT4 every 10 minutes to make it work properly. How have you solved thid problem?

I've a green and a red histogram on the same price bar... Here is the chart

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 77 KB
  • #297
  • Dec 25, 2013 3:18pm Dec 25, 2013 3:18pm
I think I've debugged the indicator. This should work

Attached File(s)
File Type: ex4 Lucariga Candle lenght.ex4   4 KB | 705 downloads
  • #298
  • Dec 26, 2013 5:12am Dec 26, 2013 5:12am
Quoting lucariga
I think I've debugged the indicator. This should work {file}
thank you so much for your effort.
  • #299
  • Dec 29, 2013 6:36am Dec 29, 2013 6:36am
Quoting lucariga
I'm backtesting it on 4H and Daily TF using 96 candles. How do you take profit guys?
I'm also testing this on the daily TF. Let's see how this work out for me..
"Think Different From The Masses"
  • #300
  • Dec 30, 2013 2:02am Dec 30, 2013 2:02am
Quoting lucariga
I think I've debugged the indicator. This should work {file}
The indicator shows candles with two colors simultaneously. It would be better to resolve indicator DSP candles.
Please excuse the bad English via Google Translate.
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