Forward Test FullHouse EA

The trade opened by EA. At the moment already profit 30 pips and the position locked safely.

p/s free game :p

My New EA

It is called FullHouse EA and the version is still 1.0.

What so different between this EA and any other EA as it exist today? This EA can not be backtested by Strategy Tester. Why? Because the EA calculate the movements of six currencies, namely UJ, EU, GU, EJ, GJ and EG. While the MT4 Strategy Tester only available for only one pair.

Briefly, the procedure used in the EA is based on :
1. Candle Pattern - same procedures used by the Market Sentiment indicator.
2. Measure the strength or level of dominance of the certain currency in the market.
3. After parallels obtained, EA will select the currency to trade based on candle's entry pattern.
4. Some extra conditions applied on this EA to enter the market in a safe position (For example not to enter the trade on the highest or lowest of the Daily price. Don't chase the market) and also there is risk management to cut lose when unexpected movement occurs.
5. And one more thing before i forget. I only use the H4 and Daily Candle signal as the trend.

I thought the idea seems interesting. But so far I am still not sure whether this EA profitable or not.
I will make this blog as a forex trading journal and forward test for this EA.

Thank you

p/s : it just like poker. full house mean three of kind + one pair... :)

Story Behind The Candle - Part 3

What I meant by Strong Or Weak Candle?

It's simple. That is nothing special on how I divide the things although only a few of us do make attention on it. Compare the High and Low of the last 2 candles and what type of the current candle.

1. If the current candle is BULL and the high and low of that candle is greater than the previous candle's high low... i call it strong BULL.
2. If the current candle is BEAR and the high and low of that candle is less than the previous candle's high low... i call it strong BEAR.

I thought everybody can accept this. This is basically how I classify the candle... by comparing High and Low.... and everyone should also mention that there is not just 2 cases. And the story also different if the current candle is BULL while current High Low is less then previous. And how about if current candle... for example is BULL while current high greater than the previous but current low is less then the previous? I know that you call it as 'Engulfing'... I talk about the same thing but in the different name or story behind the candle.

From my previous post... I wrote that... by comparing the last 4 candles High Low ... I get 72 conditions at all.


Entry Point

In term of probabilities.... I guess :) .... I get 4 types of entry point.

1. Type 1 - Strong Fractal. The highest probability. In term of strong... refer my definition above. This is the strongest entry point among the others.
   
2. Type 2 - In general... known as Engulfing. In my story, I express that thing as struggling but then successfully change the situation for example from strong BULLISH to BEARISH :). We also get chance to win but sometimes the market goes sideways.
3. Type 3 - The pattern almost like fractal and it's happen very seldom but possibly this pattern will come out on chart. The pattern is... for example... let say H1 is current candle's high,L1 current candle's Low and the previous variables of candle was L2, H2, H3 and H4. The type 3 occurred like this : (H1 less then H2) and (H2 equal to H3) and (H3 greater than H4) and (L1 less then L2)
4. Type 4 - Difficult to express how it look like :D.... Refer this formula : (isBEARCandle(i=1) && isBULLCandle(i=2) And (L1 greater then L2) And (L2 greater then L3) And (H1 less or equal to H2)) where i=1 is current candle and i=2 the previous candle.

End.....

Story Behind The Candle - Part 2

Fractal Bull Bear Fighting Indicator

When my friend asked me "What the hell is that?". I said... this is not the signal but he always talk about the market situation he translate the candles condition. He express battle between BUYER and SELLER on the market. He tell the story behind the candle. But unfortunately... only me can understand him ... :)

"The meanings of every single word he said is so deeply. If only you could interpret him ... but you dont :D" I said to my friend.

By looking at him by listening to what he say... I can imagine... and I can anticipate what was really happen outside there... on 'forex'. However... as the creator of him, I didn't give him the ability to predict the future. But from the story I can summarized the consequence from the serial of events.

Ok... ok... stop joking....

As programmer, I did't create the supernatural thing. I assume that the miracle won't happen. The only thing ... my job is to make the routine more easier than usual.

Again... every word he said is not signal. For the time being... I assume that ... every prediction no matter what formula used... will sooner or latter failed.

The creation of the indicator (Brief)

1. Fractal Bull Bear fighting indicator analyze the last 4 candles base on Open, High, Low and Close for every time frame.
2. From the analysis... I get 24 x 3 = 72 conditions at all including 'extra case'.
3. The 'extra case' won't came out. However if the word come out anyway... that's mean something wrong on my calculation.
4. Why times 3? The occurance of current candle only 3... Bull candle, Bear Candle or Doji.
5. The strong signal is 'Confirm Fractal' ... the point of reversal as well as the point of entry. At this time the fractal (upper or lower fractal by Bill William's indicator) not yet appeared on chart. The Fractal Bull Bear Fighting indicator by BlueDream :D ... inform that the Bill william's fractal will come out when the next candle formed. The word 'Confirm' means strong reversal by comparing the the last 2 High... or the last 2 Low of the candles... While Bill william's fractal didn't mention about that thing.
6. The sentense 'Strong Bullish' or 'Strong Bearish' is not entry point. It indicates continuation of BULL or BEAR. And it also mean... hold your BUY or SELL positon.

To be continued......

Story behind the candle - Part 1

Ok guys...

To all traders... as I promise to you... here I will try to tell the story behind the candle using my own perspective and my own definition. Here we go.

Candle Pattern
Candle pattern was the early sign for something but not confirmation unless we understand the whole process of chart.
The bad things about me is I don't like to remember the candle's pattern name as what we can found on Candlestick Book... such us engulfing... dark cloud cover... haramy... and so on. I'm not really sure why... for me it's not practical and we might miss something while we tried to identify what was the pattern could be during trading.... And the pattern might goes wrong.

Study
I prefered to observe the chart by using my own eyes rather than to resite on mind the whole subject and chapter from Candlestick Book. And you supposed to believe on what you see rather than using teory. My study is base on High and Low candle. I tried to understand the process and to summarized the the candle's pattern how it supposed to be something. I tried to classify the last 2, 3 or 4 candles from all time frames.

So... what could happen next? That is nothing I can do to know what will happen in the future.... LOL. :D

My prediction is simple... it's base on probabilities. As a human being we only can apply mathematical calculation ... that is chance and probabilities.

The result from my observation was 'FRACTAL'... Fractal exist on every pattern of reversal ... It doesn't matter what you want to call it... engulfing... dark cloud cover... shooting star.... or what ever. If you not believe on me... just tried to spot the candles pattern, identify the name of the pattern and then insert the fractal indicator on that chart.

But... fractal indicator itself was lagging. And most probably we will loss if we trade base on fractals indicator... So what I really did was to catch the last candle which most probably will form fractal by using 'TIMER'. From the last candle we also could get the information about strong or weak BULL or BEAR .... and the chance of the FRACTAL.... of the candle by using High and Low candle. I just simply referred the formation as FRACTAL... easy to remember and more practical.... I don't care about the pattern name. The only things I care about... is the pattern STRONG or WEAK?... refer to last High or Low of candle or formation of candle as well as overall High Low of the chart.

That's why i create 'FRACTAL BULL BEAR FIGHTING' indicator.... to reduce the human error and to monitor the last pattern candle from all timeframes. (Before i create the The MARKET SENTIMENT indicator...)

To be continued.....

I will come back soon!!!

Hi all...

Outside here I have things to do... something like project. It's programming things and I'm not able to concentrate on chart analysis.

Sorry about your inconvenience...

See you.

New Indicator - Market Sentiment

Inside the candle, there was a story. That was what 'Market Sentiment' indicator all about.

p/s Need further explanation.... I guess. But it's little bit complicated... On my next post ... I will try to explain what was the story all about...

EJ

9:40 PM GMT +8

EJ price tried to break 126.22 for strong H4 BULLISH... otherwise it remain major trend BEARISH

Update
9:50 PM GMT + 8
Already broke ... but did some correction at M5... close at +30 pips...

p/s My trading style is 'probability' and I trade base on candle condition where I think the chance to profit is high... I assume that market move in random manner... so that I always play save and just take what market could give me. My entry is M5 fractal... and at the moment I'm just wait and see the next M5 low.

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And... I want to dedicate my thanks to my greatest sifu mfazy121... Where ever you are.... "thanks a lot" from me. Its only take 10 minutes to get 30 pips... without -ve floating... Once I enter the market, few minutes later I found that market follow my position direction. Finally I almost get your style. Or maybe I did my on style to trade base on candle. But you teach me how to catch the price movement from biggest TF and entry on small TF. And you also told me to control emotion and did money management.
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