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joswald [ Fri Jan 20, 2012 2:15 pm ]

Post subject:

121 pattern with pull back continuation

Hi Everyone,

I'm a harmonic trader and I use korharmonics in identifying possible trade setups, but there is one trade setup I feel could be automated into an ea, it doesn't occur very often but when it does it has a high success rate.

So I'd thought I would see if anybody would be interested in automating it hopefully it may prove fruitful.

The pattern is taken directly from Bryce Gilmore's The Price Action Manual.

Here are some live examples from the last couple of days...

Obviously you enter at (d).

You may verify this exact setup, to do this I have attached the Korharmonics indicator and also history train ea, simply configure Korharmonics to identify only 121 patterns then screen the results it gives you ensuring the pattern meets the criteria I have outlined above.

You will notice at least a reaction, so I'm thinking it would be good to set it to b/e after 5 pips. And there are not many that meet the specifications so it's not going to be a high frequency ea but I'm after quality not quantity.

If anyone thinks this is a worthwhile endeavor it would be great to here from you

Kind Regards,

John

P.S I've also added Korharmonics EA, I don't have any programming experience I just thought it might be a good template for this type of ea.

Author:	joswald [ Sat Jan 21, 2012 11:19 am ]
Post subject:	Re: 121 pattern with pull back continuation
Backtest AUDUSD M5 September - November 3 Months 11 completed patterns 0 failed patterns http://screencast.com/t/LCxroH3NpQ6a http://screencast.com/t/eWenLPyOrUw http://screencast.com/t/S3TqtpeZWr http://screencast.com/t/P7sREzkE71 http://screencast.com/t/BM6IX3UnNXDY http://screencast.com/t/3hnycAmcD http://screencast.com/t/NlnHgwHSkD http://screencast.com/t/V3xrPGAK2Z http://screencast.com/t/CL3Yeslh http://screencast.com/t/TBXfZQCHxzJv http://screencast.com/t/Qg8tcnUc5nl Backtest GBPUSD M5 September - November 3 Months 6 completed patterns 2 failed patterns http://screencast.com/t/E8mPJrsvC http://screencast.com/t/SsYNXK1MO http://screencast.com/t/qOIeHYifCcI http://screencast.com/t/3j8WQVyiwF3N Fail http://screencast.com/t/qh8sY2zq http://screencast.com/t/6zDWitwIgvW http://screencast.com/t/K52SukYfg Fail http://screencast.com/t/9XrKyhifE Backtest EURUSD M5 September - November 3 Months 9 completed patterns 3 failed patterns http://screencast.com/t/ZI7ebaf9 http://screencast.com/t/D97wC2gW http://screencast.com/t/y9yXBnvXVm http://screencast.com/t/977X3YSVaR6 http://screencast.com/t/rnTupmNe0q6h http://screencast.com/t/9Blnm8LDndIe Fail http://screencast.com/t/40UQfYeJe http://screencast.com/t/qB3EQ4AM http://screencast.com/t/EZBseGIE http://screencast.com/t/JnaTvAlIbxd Fail http://screencast.com/t/y9RqBO34c Fail http://screencast.com/t/A8lCxtecgZ Backtest EURUSD M30 September - November 3 Months 2 completed patterns http://screencast.com/t/THa6nqxUmXb http://screencast.com/t/CTQJ7puJ Backtest AUDUSD M30 September - November 3 Months 1 completed pattern http://screencast.com/t/xUhhvTfi1z

Author:	mydone [ Sat Jan 21, 2012 4:13 pm ]
Post subject:	Re: 121 pattern with pull back continuation
Man hello. Is it korharmonics drew on your screen this pattern?

Author:	mydone [ Sat Jan 21, 2012 4:36 pm ]
Post subject:	Re: 121 pattern with pull back continuation
mydone wrote:Man hello. Is it korharmonics drew on your screen this pattern? If we'll have such indi - we should make any as a confermation, and make money. Any suggestions. I have some, will post if you'll be interested and post some too... guys we are alive and we should move, post - not only take and looseeeeeee

Author:	joswald [ Sun Jan 22, 2012 4:04 am ]
Post subject:	Re: 121 pattern with pull back continuation
Yes Korharmonics identified these patterns intitially, then I screened them to make sure that BcD = 50, or that it was a perfect 121 pattern like I stated in the first post.

Author:	mydone [ Wed Jan 25, 2012 7:39 am ]
Post subject:	Re: 121 pattern with pull back continuation
I'm interested, but i'm not a programmer, i don't even know how to make kor to show such patterns joswald wrote:I have attached a decompiled version of korharmonics for programming purposes... is anyone interested in this project? I'm currently obtaining quotes for this to get built.

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Author:	joswald [ Wed Jan 25, 2012 1:53 pm ]
Post subject:	Re: 121 pattern with pull back continuation
Ok, Ignore post, removed an indicator. Cheers

Author:	mydone [ Wed Jan 25, 2012 2:31 pm ]
Post subject:	Re: 121 pattern with pull back continuation
Thank you very much. I'm in the boat. And i love ac/dc too:) joswald wrote:Ok, So I have modified the the Korharmonics code to detect the pattern, simply load the attached indi with the defaults and it will detect the pattern, I think this is the hardest part done, just need to automate the trading process. If you want to test it load the history train ea in the strategy tester and load the indi Cheers

Author:	SteveHopwood [ Wed Jan 25, 2012 10:00 pm ]
Post subject:	Re: 121 pattern with pull back continuation
Just for confirmation of what I am about to write, drag any old moving average/rsi/stoch/bulls - anything that is not a 'custom' (i.e. abortion) indi. The press ctrl + D to bring up the data window and hover the mouse pointer over any old candle on the chart. In the data window, all sorts of thingies will be showing values. The abortion of an indi you have posted here will show nothing. This means it is not storing any information in the buffers that an EA interrogates to drag information from the indi - seriously bad programming. So, there is no way that I know of dragging info from said abortion, so you are unlikely to attract the interest of any programmers. Cleverer people than me - Matt, TIG, sq for example - might be able to do something with it but I doubt they would be interested. You can always ask - you never know.

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