candlestick entries in simplified creation ??? HELP

• 03/13/2017 at 4:32 PM #28417
  BestAlgoTrader

  Can someone please give me some instructions on how to set up trade entering based on some candlestick patterns appearing?

  i want to use simplified creation to create an auto trading strategy. I want to enter trades based upon certain candlestick patterns appearing eg bullish engulfing, bearish engulfing…i want to auto trading to enter when these candlesticks appear

  is this possible with simplified creation?? ive found no instructions anywhere, ive called IG and they dont know

  HELP

  

  BestAlgoTrader

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  03/13/2017 at 4:46 PM #28419
  Nicolas

  With the simplified creation tool, you can only use built-in indicators (which no contained any candlestick patterns ones) or customized ones (from the library of this website for instance). But in order to get the signals when a pattern occured, the indicator need to return a value to be used by the trading strategy to launch a new order.

  Can I ask which indicator or candlestick patterns codes you’d like to use?

  You can find many of them there:

  https://www.prorealcode.com/prorealtime-indicators/candlestick-patterns-recognition/

  https://www.prorealcode.com/prorealtime-indicators/candlesticks-patterns-indicator/

  

  Nicolas

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  03/13/2017 at 6:25 PM #28437
  BestAlgoTrader

  I want to set up entriess to sell when bearish engulfing candles close, and i want to buy when bullish engulfing candles close

   

  I will code it if it cant be done in simplified creation

   

  please point me in the right direction to code these

   

  thanks

  

  BestAlgoTrader

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  03/13/2017 at 6:55 PM #28447
  AutoStrategist

  the links Nicholas provided contain the code for the patterns you are interested in.  It can be daunting to have to code when you are new to it, but here it is just a matter of putting together a simple jigsaw from pieces that someone else has already created.  If you take an existing simple strategy from the library and replace the logic (the part where it tests the indicators) with the code for the candlestick patterns you should be able to get it working and ready for back testing.  If you get stuck me or someone else can help you out.

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  Nicolas

  

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  03/14/2017 at 11:30 AM #28494
  BestAlgoTrader

  thanks for the links to those indicators! really appreciate it

  do you know any indicators that can detect Marubozu candles ??

  I am off to a good start with developing my auto trading based on thsese

  

  BestAlgoTrader

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  03/14/2017 at 3:38 PM #28529
  Nicolas

  This is the code to detect a Marubozu candlestick:

  marubozu = abs(open-close)/range>=0.95

  1	marubozu = abs(open-close)/range>=0.95

   

  

  Nicolas

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  03/14/2017 at 6:15 PM #28557
  BestAlgoTrader

  is it possible to set up trade entries based on these candles in simplified creation, using the indicators you provided.. is that possible or do you still have to code the strategy with these indicators?

   

  if simplified creation is possible please send some short instructions …thanks in advance

  

  BestAlgoTrader

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