ShadowC

  • Entry based on the shadow of a momentum candle:
  •  - we determine the top of the movement based on the signs of its end (the absence of a strong level of a higher timeframe ahead, the extremum of the last impulse has not been updated, its slope angle is less than the previous ones, a momentum candle with a long shadow closed at the top);
  •  - we identify the area based on the shadow of the momentum candle;
  •  - there is the first test of the shadow area by the next closed candle (group of candles);
  •  - there is the second test of the area by a candle or a pullback movement. The main criteria are as follows: any touch, even minimal, of this area by the next candle is considered the first test. The second test is considered a re‑entry into the area, but the second test must be a full‑fledged one: the price must enter at least the middle of the area. It often happens like this: the first candle forms the area, the second candle forms the 1st test, and the third candle forms the 2nd test (market entry).
  •  - entry: with a market order 

  •  Timeframe: H1 AUDUSD,  GBPUSD, USDCAD, AUDCAD, NZDCAD       Set the files in the graph for discussion.

  •  Settings

    •     LotSize = 0.01;           // LotSize 
    •    MaxStopLossPoints = 600; // MaxStopLossPoints
    •    MinStopLossPoints = 600;  // MinStopLossPoints
    •    TakeProfitPoints = 300;  // TakeProfitPoints
    •    MinShadowRatio = 0.25;   // MinShadowRatio (1/4)
    •    MaxShadowRatio = 0.4;    //MaxShadowRatio 
    •    UseEntryAt50Percent = true; //UseEntryAt50Percent 
    •    EntryRetracement = 0.5;  // EntryRetracement (0.5 = 50%)
    •    MaxSpread = 600;          // Maximum spread in points
    •    UseTrailingStop = false; // UseTrailingStop
    •    TrailingStopPoints = 50; // TrailingStopPoints
    •     AllowMultipleOrders = false; // Allow multiple simultaneous orders
    •    MinBarsBetweenTrades = 1; // Minimum bars between trades
    •    StopLossMultiplier = 1.0; // StopLossMultiplier
    •    ATRPeriod = 14;          // ATRPeriod
    •    EnableDebug = true;      // Enable debug messages
    •    UseLevelTestFilter = true; //UseLevelTestFilter 
    •    LevelTestBars = 20;      // LevelTestBars
    •    LevelTestTolerance = 0.0002; //LevelTestTolerance 
    •    EnableSellTrades = true; // EnableSellTrades
    •    TradeBothDirections = true; // TradeBothDirections



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