"Big Candle Filter" (Fast In Fast Out Strategy)

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drago babnik
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Fast In Fast Out Strategy

I am also adding my suggestion for the most volatile trading hours. You can test the strategy by downloading EA "Fast In Fast Out Strategy" - Faeze Bakhshayesh Expert for MetaTrader 4 (https://www.mql5.com/en/code/27391) .The problem that is present here are rapid changes buystop sellstop pending orders. Some brokers do not allow this. I wonder if this can be solved with virtual pending orders and only send a buy or sell signal. The strategy only works with high volatility and using trailing stops but not too tight >5 points. With low volatility, this trading strategy is a waste of money. It works best on GBPUSD and other volatile pairs.

Duplicates 1
Open signal: buy if Ask >= bar open + X points / sell if Bid <= bar open - X points

Used in i_solaris strategy and in Paolo strategy.

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    john ital
    Hi All,
    As this change has already been completed do we have any default set file for this strategy?
    thanks

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    Andrey Khatimlianskyi
    • Completed

    Done in 2.12

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    Andrey Khatimlianskyi
    • Started
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    Sai Pratap
    Quote from Andrey Khatimlianskyi

    Let's just try.

    Thanks for the efforts and all the best. :)

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    Andrey Khatimlianskyi

    Let's just try.

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    Sai Pratap
    Quote from Andrey Khatimlianskyi

    Great!

    Big Candle TimeFrame

    Big Candle Size (points)

    Use current bar (true/false)

    Let's vote for it!

    Earlier I have tried Gold finch scalper for this. It used to work on the same logic almost. But issue was it used to give very small profits(0.5$) and big losses(5-6$) for each 0.01 lot in XAUUSD. We need to overcome that.

    Also it would be better if we can restrict the EA to volatile pairs as traders might not be aware where to use it.

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    Andrey Khatimlianskyi
    • Planned (collecting votes)

    Great!

    Big Candle TimeFrame

    Big Candle Size (points)

    Use current bar (true/false)

    Let's vote for it!

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    0
    drago babnik

    If you really decide to check this strategy, then I advise that the “Big Candle filter” contains the following: Candle size (depends on currency pair), time frame (this filter could also be used in other trading strategies). I think it would be best if EA will set both buy and sell orders on the current candle and not after the close candle.

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    Andrey Khatimlianskyi

    I think, we can check this strategy with only one improvement — "Big candle filter".

    You'll disable signal, set this filter, enable Pending enter and trailing stop. EA will set both buy and sell orders right after big candle and trail them till execution.

    Is it sounds good? )

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    drago babnik

    Yes, that’s exactly what I meant in the description.