request for simple indicator?

[Faultyboy]

if any body has an indicator or expert that is similar to this please could i have a look at it. thanks.

basically if there is 3 bullish bars in a row it buys if there are 3 bearish bars in a row it sells. once it has bought or sold it must put a stop at -10 pips and must take profit after 10 pips.

thanks very much.

[hayseed]

hey faultyboy...... we would need to know your definition of a bullish bar and bearish bar.....

3 higher highs or 3 lower lower lows or something similar.....h

[Faultyboy]

hey thanks for your reply... i will post an image and try explain...

1) high of first candle must be > high and open of second candle.
2) open of first candle must be > high and open of second candle.
3) high of second candle must be > high and open of third candle.
4) open of second candle must be > high and open of third candle.

5) close of first candle must be > close and low of second candle.
6) low of first candle must be > close and low of second candle.
7) close of second candle must be > close and low of third candle.
8) low of second candle must be > close and low of third candle.

9) once in a trade it should put in the relevant stops, 10 pip takeprofit
and a 10 pip stoploss.

that is for a bearish trade i would like it to do the same for bullish
trades.

the idea is to do lots of small trades everyday on a volatile 5min or 15min market, it will enter the trade when its starting and leave the trade before it has time to change its direction. sort of scalping the market. once i have the basic code i want to play around with it maybe try it with 2 bars, changing the stops ect.. until i get it to win the majority of its trades.

i think that is all... i will attach a few pics of the real market as well
so you get a better idea... if you are able to code something like this
it would be greatly appreciated if you could give me a mail...

faultyboy@gmail.com

thanks.

[hayseed]

hey faultyboy..... unless your talking 3 successive gap ups, the open is seldom higher than the prior close..... forex charts are bid only style, which appear somewhat different than standard stock charts..... for the sell part, surely thats a typo ">", most likely you meant "<"....

you mentioned indicator but the placing trades part suggests a ea..... that should be quite easy.....

will work on it today..... 3 higher highs = buy and 3 lower lows = sell.....
and also with your exact rules, open > prior open && prior high......

with all the standard inputs ie, stoploss, trailingstop, profittarget, moneymanagment and such included.......h

[buangcla]

yo faultyboy,


I have an EA that fits your descrption but it only does pending orders. You can try it if you want.

[Faultyboy]

thanks very much guys for both your help... me.