3 Bars Reversal Setup Much needed and highly accourate!

Place your new trading idea here to see if someone can automate it.
Post Reply
awan0454
Posts: 7
Joined: Sat Mar 09, 2013 11:58 am

3 Bars Reversal Setup Much needed and highly accourate!

Post by awan0454 »

Hello friends its my first post in this great forum. I have been following Steve's work for years now I have never posted in FF or here coz I am not that creative and a bit shy too. any how today I had to ask for help coz I have searched internet for this thing but I could not find it anywhere in Empty4 stuff.
Here we go:
I need you guys to please look into this setup:
Three-Bar-Reversal-Pattern-For-Day-Trading.png
RULES FOR LONG

Bar 1 closes down
Low of Bar 2 is below low of Bar 1 (and Bar 3)
Bar 3 closes above the high of both Bar 1 and Bar 2
Buy at close of Bar 3

RULES FOR SHORT

Bar 1 closes up
High of Bar 2 is above high of Bar 1 (and Bar 3)
Bar 3 closes below the low of both Bar 1 and Bar 2
Sell at close of Bar 3

I would love to have at least a visual painting indicator that isolates this bar pattern for visual aid in visual back testing and for trade setups in forward testing. Obviously this setup should not be traded alone but we shall discuss some filters as well here. As far as I have looked into G/U M5 charts this setup does well almost on anytimeframe BUT we do need an indicator and after some filters added we shall discuss its auto trading version. Guyz please take my little knowledge into consideration I am sure this project will do wonders.
Thanks in anticipation.
Love and Peace from Pakistan.
You do not have the required permissions to view the files attached to this post.
User avatar
milanese
TechAdmin
Posts: 3293
Joined: Wed Jan 09, 2013 9:02 am
Location: btr rdx, r8 +

Re: 3 Bars Reversal Setup Much needed and highly accourate!

Post by milanese »

Hi,

maybe this http://www.forexfactory.com/showthread.php?t=137021 will be interesting for you.

Cheers :)

Tommaso
Global Prime is the official SHF broker :yahoo:
Searching for Servers and Workstations with individual configuration?
Just PM
:smile: Click here to go to the BoardKnowledgeBase
NOTE: Cookies and JavaScript are required for the using the board, with full functionality
Mariusz
Trader
Posts: 19
Joined: Sun Dec 11, 2011 4:29 pm

Re: 3 Bars Reversal Setup Much needed and highly accourate!

Post by Mariusz »

Awan,

based on Tomasso' s link to FF, I quickly modified Zen's indicator to incorporate your enhanced 3 bar swing...

have fun,

mariusz
You do not have the required permissions to view the files attached to this post.
dudest
Trader
Posts: 1847
Joined: Tue May 08, 2012 2:37 pm

Re: 3 Bars Reversal Setup Much needed and highly accourate!

Post by dudest »

Mariusz » Tue Feb 11, 2014 1:28 am wrote:Awan,

based on Tomasso' s link to FF, I quickly modified Zen's indicator to incorporate your enhanced 3 bar swing...

have fun,

mariusz
Good show mariusz :)!

Cheers!
awan0454
Posts: 7
Joined: Sat Mar 09, 2013 11:58 am

3 Bars Reversal Setup Much needed and highly accourate!

Post by awan0454 »

Thanks a lot guys u people r awesome . I have not yet viewed these files I was actually away from internet I just wanted to say a quick thanks. I have no other work to do other than demo trading and watching charts as soon as I find something interesting I shall let u guys know. By the way another swing strategy is being worked on I shall let you guyz know when I m done . it looks promising.
Thanks again guys.
forexsiuk
Posts: 8
Joined: Fri Nov 04, 2016 4:47 pm

3 Bars Reversal Setup Much needed and highly accourate!

Post by forexsiuk »

Mariusz wrote:Awan,

based on Tomasso' s link to FF, I quickly modified Zen's indicator to incorporate your enhanced 3 bar swing...

have fun,

mariusz
Hi all
I know this post is very old now and a bit dusty but I was hoping someone may be able to assist me if possible?
The 3_bar_swing_enhanced_MM is a very useful indicator to me. Would anybody have the time to add pop-up alerts and possibly push-notifications to it?
It would be much appreciated.
Thank you
Over60
Trader
Posts: 153
Joined: Thu Sep 13, 2012 12:58 pm

3 Bars Reversal Setup Much needed and highly accourate!

Post by Over60 »

Maybe the 10 Pips scalping system might match your interest in addition.

https://www.youtube.com/watch?v=rtMcAsNXPWo
https://www.forexfactory.com/showthread ... ost7794912

Trade well
Over60
Post Reply

Return to “Ideas for Possible Automation”