Forex Software — Opening Logic Based on Up and Down candle(s)?

Re: Opening Logic Based on Up and Down candle(s)?

null@example.com (Popov) — Sat, 06 Jun 2015 20:33:06 +0000

Please find the "Candle Color" indicator in the FSB Pro Indicators Repository page.

Here is a possible usage:

A. If I have an UP candle that closes at 9:59:00 then how do I set my opening logic to then trade LONG at 10:00:00?
AND
C. If I have a Down candle that closes at 9:59:00 then how do I set my opening logic to then trade Short at 10:00:00?

[Opening Point of the Position]
Bar Opening

[Opening Logic Condition]
Entry Time
Enter the market between the specified hours
From hour (incl.) - 10
Until hour (excl.) - 11

[Opening Logic Condition]
Candle Color
White Candle formed
Min body height [pips] - 5
Consecutive candles - 1

B. If I have an UP candle that closes at 8:59:00 and another UP candle that closes at 9:59:00 how do I go LONG but double my trade size from 1 lot to 2 lots?
AND
D. If I have a Down candle that closes at 8:59:00 and another Down candle that closes at 9:59:00 how do I go Short but double my trade size from 1 lot to 2 lots?

The strategy opens equal amount for each entry. You can solve that problem by making two strategies or by using adding.

[Opening Point of the Position]
Bar Opening

[Opening Logic Condition]
Entry Time
Enter the market between the specified hours
From hour (incl.) - 10
Until hour (excl.) - 11

[Opening Logic Condition]
Candle Color
White Candle formed
Min body height [pips] - 5
Consecutive candles - 2

Re: Opening Logic Based on Up and Down candle(s)?

null@example.com (Lemnos) — Fri, 05 Jun 2015 15:48:26 +0000

Popov thanks for your reply and help. We can continue to communicate via email on this subject.

Re: Opening Logic Based on Up and Down candle(s)?

null@example.com (Popov) — Fri, 05 Jun 2015 06:46:05 +0000

I'll make a custom indicator "Candle" with options for choosing the candle color and the number of consecutive candles.
The different trading size problem can be solve in two ways:
- making two strategies where the first one enters long at 10:00 with 1 lot after one white candle and the second strategy enters long at 10:00 with 1 lot after two white candles.
- enter long at 9:00 after a white candle and eventually add 1 more what at 10:00 after another white candle.

Opening Logic Based on Up and Down candle(s)?

null@example.com (Lemnos) — Fri, 05 Jun 2015 05:52:09 +0000

A. If I have an UP candle that closes at 9:59:00 then how do I set my opening logic to then trade LONG at 10:00:00?

B. If I have an UP candle that closes at 8:59:00 and another UP candle that closes at 9:59:00 how do I go LONG but double my trade size from 1 lot to 2 lots?

C. If I have a Down candle that closes at 9:59:00 then how do I set my opening logic to then trade Short at 10:00:00?

D. If I have a Down candle that closes at 8:59:00 and another Down candle that closes at 9:59:00 how do I go Short but double my trade size from 1 lot to 2 lots?

Based on my review of the options within FSB for opening logic I do not see that the above is possible since this is not a technical indicator that I am looking for.

Any help and instructions so I can do above would be appreciated.