DislikedTHAKE ALOKK AT THE DIBS TREAD FOR MORE DITELDS ON THE FIRST PAGE :}Ignored
3 Bar Fractal with mid-bar and bar on each side 11 replies
Inside bar or outside bar identifier 7 replies
Journal related to: Advanced Inside Bar (IB) Trading 19 replies
Pin bar, pin bar, pin bar 0 replies
Disliked(Converts to cents, adds to total and now has roughly 4 cents, yay!)
If two people suggest the same thing in the space of a day then there must be something in it. Enough already, I'll test breaking out at the inner bar and not the outer bar.
Quick question though, for you or anto, do you include the inners bars candlestick shadow or just the body when determining the breakout?
I shall also look into your fib suggestion in conjunction with this, though Pippo's MAE needs looking at first to evaluate the best place to stick an SL....Ignored
DislikedI, through preference, use OHLC bars rather than candles. I use breakout of High and Low.
Long Stop Entry: High + 3 pips + spread. SL is Low minus 3 pips. TP is 100% of IB range.
Short Stop Entry: Low minus 3 pips. SL is High + 3 pips +spread. TP is 100% of IB range.
All the best.Ignored
DislikedThe inside bar statistics show that the trades were very rewarding the last 24 bar H1 bars.Ignored
DislikedThanks for the revised EA!
I've installed on my three demo platforms - Daily, H1 and M30.
Each platform has these eight pairs:Ignored
DislikedWhilst I think your set up is OK, just be wary of running the EA in the same MetaTrader instance using multi-timeframes on the same currency. It might be a problem for you if you are using the same Demo account across the three platforms. To be safe, make sure they are unique.
The EA checks its magic number for orders against currency, but doesn't include timeframe. If you were to run on EURUSD at 30M and 1H in the same metatrader instance then you would get problems if both ordered. They'd start to get confused about which order was theirs...Ignored
DislikedIs it possible to add Trade start and Stop time to your EA.
I just finished testing on a 1 hr chart and it seems that trades made during off hours did better than trades made during the higher volume hours.
I used 10:00 to 22:00 FXDD time which I believe is GMT-2.
Spread sheet is attachedIgnored
DislikedQuick change to the EA to expose the Magic Number as a parameter.
You shouldn't need to worry about this unless you need to run the multiple EA's on the same currency, on different timeframes in the same account. In this case you just need to change the Magic Number to be something unique.
Magic Numbers can be associated with specific trades. It allows an EA to distinguish between the trades it has placed and other trades.Ignored
DislikedInteresting thread people.
I was wondering when someone would get around to making an EA for the IB system.
Would some kind soul kindly post all current indicators necessary for latest EA to work in a single post, it is confusing looking for different bits all over the place.
ThanksIgnored
DislikedHi Rastaman,
You only need the EA, it doesn't use indicators, per se. Pick up stuff from here -> http://www.forexfactory.com/showpost...&postcount=137 . Drop the EA on any chart, any timeframe. It should 'just work'.
We talk about using indicators, such as trend and RSI, but these are coded in the EA (and not in the one that's been released)
Don't use it on a live account, it will lose you moneyIgnored