Business & Investment

Japanese Candlestick Pattern EAM T4 / 5 Setting / Input Guide-Other-September 15, 2021

  • Opposite logic: True / false setting of options to open opposite trades, buy instead of sell, or vice versa.

  • Use 3 White Soldiers / 3 Black Crow Strategies: The correctness question of the option to use this strategy. Three white soldiers are three consecutive bullish candles and three black crows are three consecutive bearish candles. *

  • Use three outer up / down strategies. The correctness question of the option to use this strategy. 3 Outside Up is three candles, first bearish, followed by a bullish candle, followed by a bullish candle, followed by another bullish candle. 3 Opposition to outside-down strategy. *

  • Uses three inside up / down strategies. The correctness question of the option to use this strategy. 3 Inside Up is three candles, initially bearish, followed by a bullish candle that is smaller than the first, followed by another bullish candle. Both bullish candles need to swallow the first bearish candle completely together. 3 Opposition to outside-down strategy. *

  • Use four candle up / down strategies. The correctness question of the option to use this strategy. The 4 candle up is 4 consecutive bullish candles with a bearish candle in between, and the 4 candle down is 4 consecutive bearish candles with a bullish candle in between. *

  • Candle number: The number of candles in the pattern. This setting is only valid for 3 white soldiers / 3 black crow strategies. If the number of candles is 2, these patterns work with two consecutive bullish or bearish candles. If this setting is 4, these patterns work with four consecutive bullish or bearish candles.

  • Minimum single candle size per point: The minimum body size for each candle in a pattern that EA does not start trading. This is very helpful in avoiding very small bodies and crosses that are often misunderstood in patterns.

  • Maximum single candle size per point: Maximum body size for each candle in a pattern that EA does not start trading. This is very helpful in avoiding a very large body that has already run out of movement in the desired direction.

  • Minimum size (points) of all candles: The minimum body size of all candles combined in a pattern that EA does not start trading.

  • Maximum size (points) of all candles: Maximum body size of all candles combined in a pattern that EA does not start trading. This is very helpful in avoiding a very large body that has already run out of movement in the desired direction.

  • Filter time frame: The time frame of the above filter.

  • Minimum size of daily candles at points: The minimum size (in points) of the current range in which the EA does not start trading. For example, if today’s range is 200 points and this setting is 220, the EA will not start trading on the received signal.

  • Maximum size of daily candles at points: The maximum size (in points) of the current range in which the EA does not start trading. For example, if today’s range is 800 points and this setting is 700, the EA will not start trading on the received signal.

  • Use the highest to highest values ​​of the day: The correctness question of the following options.

  • Maximum value from the highest point of the day: The maximum distance from the current high that the EA does not start selling. This helps avoid starting sell transactions very far from the highest level of the day.

  • Use the lowest to highest values ​​of the day. The correctness question of the following options.

  • Maximum from the lowest point of the day: Maximum distance from the current low price at which the EA does not start a buy transaction. This helps to avoid starting a buy transaction very far from the lowest level of the day.

  • Close a deal before a new one: A true / false setting of the option to close an already running transaction before opening the next transaction.

  • Session order: Maximum number of transactions per trading session between start and end times. Set to 0 to start all available transactions.

  • * For all strategies, shadows are ignored and only the body is considered.

    Japanese Candlestick Pattern EAM T4 / 5 Setting / Input Guide-Other-September 15, 2021

    https://www.mql5.com/en/blogs/post/745874 Japanese Candlestick Pattern EAM T4 / 5 Setting / Input Guide-Other-September 15, 2021

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