Reply To: Description of Price Action Engulfing Candles Strategy

Forums Strategies and Expert Advisors Price Action Engulfing Candles EA Description of Price Action Engulfing Candles Strategy Reply To: Description of Price Action Engulfing Candles Strategy

#4560
DominikDominik
Administrator

Hi!

Sorry guys, but I was on vacation for some time and I was trying not to work :)

The latest version of Price Action EA (2.2) really has expired and the new one has not been published yet, but (please keep that in mind) I do not recommend trading until 15.01. On the basis of many analyzes and optimizations of many different Expert Advisors over many years, I can tell you that almost every system is less stable or completely unstable in the period from ~15 December to ~15 January (approximately, of course).

@Luxyfer wrote:

“Next parameter which filters out bad patterns in my strategy is “Highest_Candle_From_3″ and it defines if the sum of the real bodies of current (0) and previous (1) candle is higher than real body of 3rd candle.”

If it is a buy trade, the above statement does it means that the sum of Closing price – Open price for both candle [0] and [1] must be greater than Open price-Close price of candle [2](aka 3rd candle)?

Yes. I used a mental shortcut when I was writing about the sum of both candles [0+1]. Really, it’s difference between closing price of [0] and open price of [1] as you wrote (for BUY).

In a few days I’ll publish the new version of PA EA.

Regards!