3 red / green candles:

redcandle1 = close < open
redcandle2 = close[1] < open[1]
redcandle3 = close[2] < open[2]

threeredcandle = redcandle1 and redcandle2 and redcandle3

greencandle1 = close > open
greencandle2 = close[1] > open[1]
greencandle3 = close[2] > open[2]

threegreencandle = greencandle1 and greeencandle2 and greencandle3

And heres the “place an order below/above closed candle:

y2 = close - (10*pointsize)

if buytime then
buy 1 contract at y limit
endif

y1 = close + (10*pointsize)

if shorttime then
sellshort 1 contract at y2 limit
endif

So your entire code would look like this:

// Definition of code parameters
DEFPARAM Preloadbars = 10000
DEFPARAM CumulateOrders = False // Cumulating positions deactivated
 
// indicators
mac = MACDline[12,26,9](close)

redcandle1 = close < open
redcandle2 = close[1] < open[1]
redcandle3 = close[2] < open[2]
threeredcandle = redcandle1 and redcandle2 and redcandle3
 
greencandle1 = close > open
greencandle2 = close[1] > open[1]
greencandle3 = close[2] > open[2]
 
threegreencandle = greencandle1 and greeencandle2 and greencandle3
 
Positions = 10

macbuy = mac crosses over 0 
macshort = mac crosses under 0  

buytime = macbuy[2] and threegreencandle
shorttime = macshort[2] and threeredcandle


y1 = close + (10*pointsize)
y2 = close - (10*pointsize)
 
IF not onmarket and buytime THEN
buy Positions SHARES AT y2 limit
ENDIF
 
IF not onmarket and shorttime THEN
sellshort Positions SHARES AT y1 limit
ENDIF
 
 
Set target pprofit 50
set stop ploss 50

I’m watching with interest … please post curve and stats on here Abz  and thanks goes to  jebus89 for the coding!

Good post. How about to filter signals of sideways market? Thx