Download Mother Candle Formation Strategy For Amibroker (AFL)

The ultimate porfolio management solution.

Shares, Margin, CFD's, Futures and Forex

EOD and Realtime

Dividends and Trust Distributions

And Much More ....

For Portfolio Manager Click Here

#1 Selling Amibroker Plugin featuring:

Advanced Adaptive Indicators

Advanced Pattern Exploration

Neural Networks

And Much More ....

Find Out More Here

5 / 5 (Votes 2)

amibroker, pattern, candlestick, trading system

Here is another Trade Plan using simple candlestick analysis.

The idea on this strategy is to catch a break from a sudden move of a big candle move. It can be done on any time series of chart, but recommended on the 10 to 60 minute charts. Only one trade Per symbol per day, recommended to trade in minimum 7 symbols (mini lots). Optimization can be done only on profit and target for Entry we are using a plugin named “MotherCandle”. Plugin should be placed into amibroker (c/programfiles/amibroker/plugins) folder.This AFL will work only if microsoft visual c++ 2017 redistributable package (x86). You Can download from microsoft website https://go.microsoft.com/fwlink/?LinkId=746571.

Please Use Amibroker 6.0 above version For error Free trading Experience

Copy & Paste Friendly

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

144

145

146

147

148

149

150

151

152

153

154

155

156

157

158

159

160

161

162

163

164

165

166

167

168

169

170

171

172

173

174

175

176

177

178

179

180

181

182

183

184

185

186

187

188

189

190

191

192

193

194

195

196

197

198

199

200

201

202

203

204

205

206

207

208

209

210

211

212

213

214

215

216

217

218

_SECTION_BEGIN( "Mother Candle Formation Strategy" );
 
/*
 
Here is another Trade Plan using simple candlestick analysis.
The idea on this strategy is to catch a break from a sudden move of a big candle move.
It can be done on any time series of chart, but recommended on the 10 or 60 minute charts.
Only one trade Per symbol per day,recommended to trade in minimum 7 symbols (mini lots).
Optimization can be done only on profit and target for Entry we are using a plugin named "MotherCandle".
Plugin should be placed into amibroker (c/programfiles/amibroker/plugins) folder.
This AFL will work only if microsoft visual c++ 2017 redistributable package (x86).
You Can dowload from microsoft website https://go.microsoft.com/fwlink/?LinkId=746571.
 
Created By Viatrades Algo Team.
viatradess@gmail.com
*/
 
SetPositionSize( 1, spsShares );
SetBarsRequired( sbrAll, sbrAll );
 
SetChartOptions( 0, chartShowArrows | chartShowDates );
SetChartBkGradientFill( colorBlack, colorBlack, colorBlack );
Plot( C, "", IIf( C > O, colorBlueGrey, IIf( C <= O, colorOrange, colorLightGrey ) ), 64 | styleNoTitle, 0, 0, 0, 0 );
 
 
GraphXSpace = 10;
 
DN = DateNum();
TN = TimeNum();
 
function Asign( x )
{
    y = Null;
 
    for( i = 0; i < BarCount; i++ )
    {
        y[i] = x;
    }
 
    return y;
}
 
Target = Param( "Target %", 1, 0.1, 50, 0.01 ) / 100;
StopLoss = Param( "Stop Loss %", 0.75, 0.1, 50, 0.01 ) / 100;
DaysTrades = Param( "Trades / Day", 2, 0, 50, 1 );
 
 
DayStart = DN != Ref( DN, -1 );
DayEnd = Ref( DayStart, 1 );
////If below line ( MotherCandle();) is in Black color please install microsoft visual c++ 2017 redistributable package (x86).
//you Can dowload from microsoft website" https://go.microsoft.com/fwlink/?LinkId=746571 ".
MotherCandle();
 
Buy = Asign( False );
Sell = Asign( False );
Short = Asign( False );
Cover = Asign( False );
 
BuyPrice = Null;
ShortPrice = Null;
 
BYPRSV = Null;
SHPRSV = Null;
 
LF1 = False;
LF2 = False;
SF1 = False;
SF2 = False;
 
LSL = Null;
SSL = Null;
 
LTGT = Null;
STGT = Null;
 
count = 0;
 
for( i = 1; i < BarCount; i++ )
{
    if( DayStart[i] == True )
    {
        count = 0;
    }
 
    // Long Trade
    if( BuyTrig[i] != 0 && High[i] >= BuyTrig[i] && LF1 == False && LF2 == False && DayStart[i] == False && count < DaysTrades )
    {
        Buy[i] = True;
        LF1 = True;
        BYPRSV = BuyTrig[i];
 
        if( Open[i] > BYPRSV )
        {
            BYPRSV = Open[i];
        }
 
        LF2 = True;
        count++;
    }
 
    if( LF1 == False && Close[i - 1] < BuyTrig[i] )
    {
        LF2 = False;
    }
 
    if( LF1 == True )
    {
        BuyPrice[i] = BYPRSV;
        LSL[i] = BYPRSV - ( BYPRSV * StopLoss );
        LTGT[i] = BYPRSV + ( BYPRSV * Target );
    }
 
    if( LF1 == True && High[i] > LTGT[i] )
    {
        Sell[i] = True;
        SellPrice[i] = Close[i];
        LF1 = False;
        BuyPrice[i] = Null;
        LSL[i] = Null;
        LTGT[i] = Null;
    }
 
    if( LF1 == True && Low[i] < LSL[i] )
    {
        Sell[i] = True;
        SellPrice[i] = Close[i];
        LF1 = False;
        BuyPrice[i] = Null;
        LSL[i] = Null;
        LTGT[i] = Null;
    }
 
    if( LF1 == True && DayEnd[i] == True )
    {
        Sell[i] = True;
        SellPrice[i] = Close[i];
        LF1 = False;
        BuyPrice[i] = Null;
        LSL[i] = Null;
        LTGT[i] = Null;
    }
 
    // Short Trade
    if( ShortTrig[i] != 0 && Low[i] < ShortTrig[i] && SF1 == False && SF2 == False && DayStart[i] == False && count < DaysTrades )
    {
        Short[i] = True;
        SF1 = True;
        SHPRSV = ShortTrig[i];
 
        if( Open[i] < SHPRSV )
        {
            SHPRSV = Open[i];
        }
 
        SF2 = True;
        count++;
    }
 
    if( SF1 == False && Close[i - 1] > ShortTrig[i] )
    {
        SF2 = False;
    }
 
    if( SF1 == True )
    {
        ShortPrice[i] = SHPRSV;
        SSL[i] = SHPRSV + ( SHPRSV * StopLoss );
        STGT[i] = SHPRSV - ( SHPRSV * Target );
    }
 
    if( SF1 == True && Low[i] < STGT[i] )
    {
        Cover[i] = True;
        CoverPrice[i] = Close[i];
        SF1 = False;
        ShortPrice[i] = Null;
        SSL[i] = Null;
        STGT[i] = Null;
    }
 
    if( SF1 == True && High[i] > SSL[i] )
    {
        Cover[i] = True;
        CoverPrice[i] = Close[i];
        SF1 = False;
        ShortPrice[i] = Null;
        SSL[i] = Null;
        STGT[i] = Null;
    }
 
    if( SF1 == True && DayEnd[i] == True )
    {
        Cover[i] = True;
        CoverPrice[i] = Open[i];
        SF1 = False;
        ShortPrice[i] = Null;
        SSL[i] = Null;
        STGT[i] = Null;
    }
}
 
 
Plot( BuyPrice, "Buy Price", colorYellow, styleStaircase | styleDashed );
Plot( LTGT, "Long Target", colorBrightGreen, styleStaircase | styleDashed );
Plot( LSL, "Long Stop Loss", colorCustom12, styleStaircase | styleDashed );
 
 
Plot( ShortPrice, "Short Price", colorYellow, styleStaircase | styleDashed );
Plot( STGT, "Short Target", colorBrightGreen, styleStaircase | styleDashed );
Plot( SSL, "Short StopLoss", colorCustom12, styleStaircase | styleDashed );
 
 
PlotShapes( IIf( Buy, shapeUpArrow, shapeNone ), colorBlueGrey, 0, Low, -15, 0 );
PlotShapes( IIf( Short, shapeDownArrow, shapeNone ), colorOrange, 0, High, -15, 0 );
PlotShapes( IIf( Cover, shapeCircle, shapeNone ), colorBlueGrey, 0, Low, -35, 0 );
PlotShapes( IIf( Sell, shapeCircle, shapeNone ), colorOrange, 0, High, 35, 0 );
 
_SECTION_END();

13 comments

1. MANIIS123

over 7 years ago

Thanks for sharing. So may errors. please correct

Report as Spam

2. joby Kumar

over 7 years ago

Hi MANIIS123,
Use amibroker version above 6.0 for better results and please follow the below steps
1) Download the Plugin attached
2) Plugin should be placed into amibroker (c/programfiles/amibroker/plugins) folder.
3)This AFL will work only if microsoft visual c++ 2017 redistributable package (x86) is Installed.
You Can dowload from microsoft website https://go.microsoft.com/fwlink/?LinkId=746571.

Report as Spam

3. isc0rpi0

over 7 years ago

couple you please post screenshot of the indicator

Report as Spam

4. luckytrader

about 7 years ago

got a warning of virus

Report as Spam

5. administrator

about 7 years ago

What antivirus are you using and what was the warning? The file was checked using virustotal before it was approved and nothing was found:

https://www.virustotal.com/#/file/d21c25440e6996ec174cdd8af1fb448b924270d9a1c3b3326f0ff4690a2b52a1/detection

Report as Spam

6. SPASHA

about 7 years ago

HI,ADMIN

THW ABOVE STRATEGY IS NOT EXECUTING SELL AND COVER ORDERS AS PER STRATEGY ,
THOUGH BUY AND SHORTS ARE GETTING …

THANKS.

Report as Spam

7. joby Kumar

almost 7 years ago

Hi SPASHA ,
I have checked the STRATEGY in all algo system, it working perfectly
thanks

Report as Spam

8. pankit

almost 7 years ago

get synax error 30 identifier mother candle is unidentified

Report as Spam

9. srmunagala

almost 7 years ago

still lot of errors
1. mother candle undefined
2.Buytrig not intiated etc

Report as Spam

10. joby Kumar

almost 7 years ago

we are using a plugin named “MotherCandle”.
Plugin should be placed into amibroker (c/programfiles/amibroker/plugins) folder.
This AFL will work only if microsoft visual c++ 2017 redistributable package (x86).
You Can dowload from microsoft website https://go.microsoft.com/fwlink/?LinkId=746571.

Report as Spam

12. ninhhv90

over 6 years ago

I installed successfully. But do not show buy / sell signals. Please help me.

Report as Spam

13. ronnie

over 5 years ago

Awsome sir thanks for this afl..
Giving accurate signals..
In my system sell orders are not getting in backtest.
Buy getting triggred with good profit.
In some scripts this afl working like we are running the market

Stock Portfolio Organizer

WiseTrader Toolbox

Mother Candle Formation Strategy for Amibroker (AFL)
joby Kumar
over 7 years ago
Amibroker (AFL)

Files

Indicator / Formula

13 comments

Leave Comment

Stock Portfolio Organizer

WiseTrader Toolbox

Mother Candle Formation Strategy for Amibroker (AFL) joby Kumar over 7 years ago Amibroker (AFL)

Files

Indicator / Formula

13 comments

Leave Comment

Mother Candle Formation Strategy for Amibroker (AFL)
joby Kumar
over 7 years ago
Amibroker (AFL)