跟随大蜡烛 (Follow the BIG Candle)

This is a very simple idea for Auto-Trading (using Expert Advisor)

My idea is to follow the big candle. Open a trade in the direction of the big candle.

Big Candle is identified as follows:
The size of candle (from Low to High) is greater than ATR(atr_period) x ATR_Multiplier

So for example, for GBP/USD, H4, suppose ATR(21) was 30 pips, and we set ATR_Multiplier to 2.5, so we are looking for H4 candles with range > 2.5 * 30 = 75 pips.
So If High-Low of current H4 candle reaches 75 we go long if candle is up, and we go short if candle is down.
(There is an option to open a trade in the current candle (recommended) OR wait for the candle to close)

Take Profit, Stop Loss and Trailing Stop can be of Fixed Pips or Multiple of ATR (recommended).

It is preferable to use large TP in order to utilize Trailing Stop which produces better R:R ratio.
EA will close the trade if an opposite candle appears, and opens a new trade in the other direction,
Or will wait for either SL or Trailing Stop or TP reached and wait for another trigger.

Expert Advisor versions:

1. Version 1: Big_Candle_01 , with initial parameters
2. Version 2: Big_Candle_02 , with removed fixed pips and added parameters for Close on Opposite Signal & MA
3. Version 2 for older MT4 builds < 600 : Big_Candle_02_x
4. Version 3: Big_Candle_03, with added parameters for Break Even Stop & Candle Effective Size
5. Version 3 for older MT4 builds < 600 : Big_Candle_03_x
6. Verison 4 Big_Candle_04 Latest, see post # 226 on Page 14

Khalil