Consecutive bullish or bearish candlesticks – DAX

Andre Vorster · 2018-01-18T16:39:29+00:00

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 //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) 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)

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01/28/2018 at 11:42 PM #60786 quote
noisette
Participant

Veteran
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.

GraHal thanked this post

Consecutive-candlesHKv2a.itf
01/29/2018 at 11:07 AM #60818 quote

GraHal
Participant

Master

@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

noisette thanked this post

MultiBar-DAX-1M-NicAndreGH.itf Andre6.jpg

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

Yannick
Participant

Veteran

Hi

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?

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

noisette
Participant

Veteran

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.

Yannick thanked this post

DAX-1-minute-2.png

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

GraHal
Participant

Master

@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

Andre7.jpg

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

GraHal
Participant

Master

@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

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

Andre Vorster
Participant

Senior

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

US Russel 2000 cash – Consecutive bullish or bearish candlesticks

GraHal thanked this post

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

raphaelopilski
Participant

Senior

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

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

Yannick
Participant

Veteran

Hi I am trying demo

Only Andre could run live

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

noisette
Participant

Veteran

So another update with trailing stop.

Results are not very different from previous code.

GraHal thanked this post

Consecutive-candlesHAv2e.itf

02/04/2018 at 8:28 PM #61480 quote
Yannick
Participant

Veteran
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
```
DAX-1-min-Andre1.itf DAx-filtered-Dhigh-Dlow.jpg
02/04/2018 at 10:13 PM #61490 quote

mcosta
Participant

Average

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

dax-16sec.png dax-16sec_eq.png dax-36sec.png dax-36sec_eq.png
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