Consecutive bullish or bearish candlesticks – DAX

Andre Vorster · Thu, 18 Jan 2018 16:39:29 +0000

I ran this code since 7 Dec 2017 (as a test phase on demo account before going live with it) and so far it has delivered £959. Just over a month. 1 minute time frame with 2 mini contracts. The main reason I add this is becuse may be someone can some changes or even test it yourself and use it as is. I have other ones on the same basis where I added TS and MFE (also Sir. Nicolas’s code). These are still in testing phase though. I have tested with various options/variables on various Indices and forex pairs over months. Because of the variables this code can apply to any forex or Indice on any timeframe. Anything from 10sec to 4hour. You just have to find your own sweet spot that applies to you. This code will check for 4 (in this case) consecutive bullish or bearish candlesticks. After that the variables apply – Inverse trading and Cumulate orders. In this case it will open position in the same direction as the candles/trend. (InverseTrading = 0) and will cumulate orders (CumulateOrder = 1) //------------------------------------------------------------------------- //PRC_TS multiple candlesticks | indicator //01.03.2017 //Nicolas @ www.prorealcode.com //Sharing ProRealTime knowledge //This is not my code. //Original code was written and published by Sir.Nicolas //------------------------------------------------------------------------- // Prevents the system from creating new orders to enter the market or increase position size before the specified time noEntryBeforeTime = 070000 //UTC +2 timeEnterBefore = time >= noEntryBeforeTime // Prevents the system from placing new orders to enter the market or increase position size after the specified time noEntryAfterTime = 190000 //UTC +2 timeEnterAfter = time < noEntryAfterTime // --- parameters Size = 2 //position size StopLoss = 40 //stoploss in points TakeProfit = 20 //takeprofit in points Xcandlesticks = 4 //consecutive bullish or bearish candlesticks to open a new position InverseTrading = 0 //(0=false ; 1=true) trade in the same direction of the candlesticks pattern or not CumulateOrder = 1 //(0=false ; 1=true) cumulate or not a new trade if the current candlestick is in the same trend as the pattern // ------------ //detecting patterns bearpattern = summation[Xcandlesticks](close<open)=Xcandlesticks bullishpattern = summation[Xcandlesticks](close>open)=Xcandlesticks //first order if not onmarket and timeEnterBefore and timeEnterAfter then if bearpattern then if InverseTrading then BUY Size CONTRACTS AT MARKET else SELLSHORT Size CONTRACT AT MARKET endif lastbar = barindex lastpattern = -1 endif if bullishpattern then if InverseTrading then SELLSHORT Size CONTRACT AT MARKET else BUY Size CONTRACTS AT MARKET endif lastbar = barindex lastpattern = 1 endif endif //cumulate order when a new pattern occurred if onmarket and timeEnterBefore and timeEnterAfter and not CumulateOrder and barindex-lastbar>=Xcandlesticks then if bearpattern then if InverseTrading then BUY Size CONTRACTS AT MARKET else SELLSHORT Size CONTRACT AT MARKET endif lastbar = barindex endif if bullishpattern then if InverseTrading then SELLSHORT Size CONTRACT AT MARKET else BUY Size CONTRACTS AT MARKET endif lastbar = barindex endif endif //cumulate order when a new consecutive candletick happen right after the pattern occurred if onmarket and timeEnterBefore and timeEnterAfter and CumulateOrder and barindex-lastbar=1 then if longonmarket then if (close>open and lastpattern=1) or (close<open and lastpattern=-1) then BUY Size CONTRACTS AT MARKET lastbar = barindex endif endif if shortonmarket then if (close>open and lastpattern=1) or (close<open and lastpattern=-1) then SELLSHORT Size CONTRACT AT MARKET lastbar = barindex endif endif endif SET STOP PLOSS StopLoss SET TARGET PPROFIT TakeProfit //END May be someone can some changes or even test it yourself and use it as is. I have tested the various options/variables on various Indices and forex pairs over months. Because of the variables this code can apply to any forex or Indice on any timeframe. Anything from 10sec to 4hour. You just have to find your own sweet sport that applies to you. This code will check for 4 (in this case) consecutive bullish or bearish candlesticks. After that the variables apply – Inverse trading and Cumulate orders. In this case it will open position in the same direction as the candles/trend. (InverseTrading = 0) and will cumulate orders (CumulateOrder = 1)

This topic has 26 replies, 6 voices, and was last updated 6 years ago by mcosta.

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01/28/2018 at 11:42 PM #60786

noisette

Here modified code.

I made so other little modifications so SL, TP and EMA values are modified.

Now I should try with trailing stop.

Note that I tried also:

3 perfect HK candles (means without wick under green candles or over red candles).
Strong candles (mean candles size over X points)

But I didn’t found better results.

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GraHal

noisette

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01/29/2018 at 11:07 AM #60818

GraHal

@noisette thank you. Did you say the Heikin Ashi gave better results?

See attached …

Lower curve is from your post above – Consecutive-candlesHKv2a.itf – £1448

Upper curve is from attached .itf code – £2399

Starting Lot Size is set at 1 in both versions.

Am I missing something?

Cheers
GraHal

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noisette

GraHal

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01/29/2018 at 8:36 PM #60891

Yannick

Several parameters have fixed values

TP,SL, Moving average

How identifing the best time frame for this strategy?

(usually I consider 1 min as noise, but back test gives positive results)

@noisette

Do you think that 1 minute time frame Heikin Ashi are relevant candles versus standard candle?

Yannick

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01/29/2018 at 9:51 PM #60900

noisette

Hi GraHal,

Strange, I don’t find same results, see picture with 2pts spread for both strategies (pessimistic).

@Yannick: I found positive results with CAC and timeframe M5.

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Yannick

noisette

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01/30/2018 at 2:33 PM #60981

GraHal

@noisette you are using Euro and I am using GBP.

Please could you add your code which drives your equity curve you show above … you may have made some tweaks since the version I tested? It’s easily done! 🙂

Also I had 1 point spread in your code and 2 points in my code.

Below top curve is latest equity curve of your code (with 2 point spread). You show a rise towards the end of your curve whereas my curve is flatish so we need to know why??

Thanks
GraHal

GraHal

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01/30/2018 at 2:42 PM #60984

GraHal

@Yannick if you are referring to my version code with fixed values then yes you are correct. I think it was like that in Andre original submission, but Noisette has been optimising his version variables.

You can click on the wrench (top left) and gives any variable a range of values … but you know that.

Hope above Helps
GraHal

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01/30/2018 at 2:58 PM #60986

Andre Vorster

Just in case you guys have not seen this one.
Another MultiCandle I ran on demo account.

https://www.prorealcode.com/topic/us-russel-2000-cash-consecutive-bullish-or-bearish-candlesticks/

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GraHal

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01/30/2018 at 7:54 PM #61016

raphaelopilski

hey, nice work. Anyone of you guys tried it in real?

raphaelopilski

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01/31/2018 at 7:56 PM #61140

Yannick

Hi I am trying demo

Only Andre could run live

Yannick

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02/01/2018 at 11:44 PM #61242

noisette

So another update with trailing stop.

Results are not very different from previous code.

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GraHal

noisette

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02/04/2018 at 8:28 PM #61480

Yannick

An other option to filter a little bit trades , especially in ranging markets is to sell below DLow and buy higher then Dhigh.

Winning rates is increased a little bit.

//first order
if not onmarket and timeEnterBefore and timeEnterAfter then
if bearpattern and Close < ExponentialAverage[200](close) and close< DLow(1) then 
if InverseTrading and Close < ExponentialAverage[100](close) then
BUY positionSize CONTRACTS AT MARKET
else
SELLSHORT positionSize CONTRACT AT MARKET
endif
lastbar = barindex
lastpattern = -1
endif
if bullishpattern and Close > ExponentialAverage[175](close) and close> Dhigh(1) then 
if InverseTrading and Close > ExponentialAverage[100](close) then
SELLSHORT positionSize CONTRACT AT MARKET
else
BUY positionSize CONTRACTS AT MARKET
endif
lastbar = barindex
lastpattern = 1
endif
endif

//first order

if not onmarket and timeEnterBefore and timeEnterAfter then

if bearpattern and Close < ExponentialAverage[200](close) and close< DLow(1) then

if InverseTrading and Close < ExponentialAverage[100](close) then

BUY positionSize CONTRACTS AT MARKET

else

SELLSHORT positionSize CONTRACT AT MARKET

endif

lastbar = barindex

lastpattern = -1

endif

if bullishpattern and Close > ExponentialAverage[175](close) and close> Dhigh(1) then

if InverseTrading and Close > ExponentialAverage[100](close) then

SELLSHORT positionSize CONTRACT AT MARKET

else

BUY positionSize CONTRACTS AT MARKET

endif

lastbar = barindex

lastpattern = 1

endif

Yannick

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02/04/2018 at 10:13 PM #61490

mcosta

backtested on lower timeframes 45,42,36,27,16sec (80000 candles), results seem to be good.

mcosta

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