Use big candle for close the position

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I found that most of the time when the price moves in the opposite direction and a loss of 250 pips is activated, this happens with a few large candles, which can be due to important news or etc... So if this option is added in the software settings, it can greatly increase efficiency and profitability

Big candle size

big candle time frame

Close on individual signal

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Andrey Khatimlianskyi
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Quote from kamaleddin

My suggestion was that when the robot takes a sell position, if a large candlestick is formed in the opposite direction of the position, the robot closes the whole trade, but here we see that the big candle is compared to the previous candlestick Not relative to the position taken and the robot closes the trade!

eurusd bigcandle.set

To close on Opposite Big candle, you should set Big candle filter to "Co-directional big candle only".

This is signal for position OPEN firstly. So, you set OPEN signal.

When you enable "close on" for any signal, OPPOSITE signal is used for closing.

So, to close buys on red candles, set "Co-directional big candle only".

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Andrey Khatimlianskyi
Quote from kamaleddin

Sometimes the candle has a long shadow but its body is short, so when the analyze curent candle option is disabled, the previous candle is not recognized as a big candle and the exit signal is not activated

High and Low prices are used for all modes.

Show me please where the filter doesn't work, I'll check.

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kamaleddin
Quote from Andrey Khatimlianskyi

Now it uses "H-L" for "any direction" and "H-O / O-L" for "Co-directional" and "Opposite" modes.

Do you think we really need "C-O" option?

Sometimes the candle has a long shadow but its body is short, so when the analyze curent candle option is disabled, the previous candle is not recognized as a big candle and the exit signal is not activated

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kamaleddin
Quote from Andrey Khatimlianskyi

To close on Opposite Big candle, you should set Big candle filter to "Co-directional big candle only".

This is signal for position OPEN firstly. So, you set OPEN signal.

When you enable "close on" for any signal, OPPOSITE signal is used for closing.

So, to close buys on red candles, set "Co-directional big candle only".

Ooooh tnq andrey, I was wrong, the co-directional option was right for me

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Andrey Khatimlianskyi
Quote from kamaleddin

this option can be added to the big candle properties:

applied price (open/close, low/high)

Now it uses "H-L" for "any direction" and "H-O / O-L" for "Co-directional" and "Opposite" modes.

Do you think we really need "C-O" option?

Avatar
0
Andrey Khatimlianskyi
  • Answer
Quote from kamaleddin

My suggestion was that when the robot takes a sell position, if a large candlestick is formed in the opposite direction of the position, the robot closes the whole trade, but here we see that the big candle is compared to the previous candlestick Not relative to the position taken and the robot closes the trade!

eurusd bigcandle.set

To close on Opposite Big candle, you should set Big candle filter to "Co-directional big candle only".

This is signal for position OPEN firstly. So, you set OPEN signal.

When you enable "close on" for any signal, OPPOSITE signal is used for closing.

So, to close buys on red candles, set "Co-directional big candle only".

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kamaleddin

this option can be added to the big candle properties:

applied price (open/close, low/high)

Avatar
0
kamaleddin

My suggestion was that when the robot takes a sell position, if a large candlestick is formed in the opposite direction of the position, the robot closes the whole trade, but here we see that the big candle is compared to the previous candlestick Not relative to the position taken and the robot closes the trade!

eurusd bigcandle.set

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kamaleddin

Tnx my friend❤

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Andrey Khatimlianskyi
  • Completed

Done in 2.25

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Andrey Khatimlianskyi
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It is not hard to implement. Will add it soon.