Candle Direction Strategy

[Apprentice]

Based on the request.
viewtopic.php?f=27&t=60813

If Sequence is set to NO.
Open Long-If Current candle is Up
Open Short - If Current candle is Down.

If Sequence is set to YES
Open Long
If Current candle is Up
and Previous candle is Down
Open Short - If Current candle is Down.
and Previous candle is Up

Make sure to set appropriate position limit number.

Strongly recommend that you do not use Live mode.

Candle Direction Strategy.lua

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[kankatrader]

Hi,
i want trade this strategy in 2 minute time frame .
Can you make this possible.

Best Regards

[xpertizetrading]

Hi Apprentice,

I would like to have a little modification to this strategy:

All open positions expire and are closed at the end of each candle. When a new candle forms new position is entered:

If New Candle Turns Green: Buy
If New Candle Turns Red: Sell

Hold till the end of the candle and repeat.

Regards,
Xpertize Trading

[ronald3rg]

Hello Everyone,

Added some updates to this strategy.

1. Opposite entry option - enter in the opposite direction of signal
2. Hugstop- move stop after set pips gained on avg between all positions
3. Auto Lot size - auto lot sizing based on balance or equity

[vaguthun79]

StopHug: really a great feature , Fxcodebase has really good Robots, if we could add stopHug feature on them they will be very profitable. I trade manually with that system. Great Job

[vaguthun79]

Would it be possible to add anther feature to this strategy?

A MA filter, where it opens with respect to that.
For eg: If the price is above MA only buy in new candle. and just opposite for sell.

[Apprentice]

MA Filter added.

[vaguthun79]

Thanks, really appreciate it.

[Apprentice]

Strategy was revised and updated.