trade signals based on 3 black crows/3 white soldiers reversal patterns with rsi confirmation

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the mql5 wizard allows users to create ready-made expert advisors based on the classes delivered together with the client terminal. this tool enables quick testing of trade ideas by creating a custom trading signals class. the structure of this class and example can be found in the relevant documentation.

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reversal candlestick patterns, confirmed by indicators and oscillators, are a key focus. to check the formation of candlestick patterns, a separate class derived from the base class can be created. for confirmation of trade signals generated by candlestick patterns, it is sufficient to write a class derived from the base class and add the necessary features, such as confirmation by oscillators.

here, we consider signals based on the 3 black crows/3 white soldiers reversal candlestick pattern, confirmed by the rsi indicator. the module of trade signals is based on a simple example of using the class for creation of trade signals with candlestick patterns.

- 3 black crows and 3 white soldiers reversal candlestick patterns
- a bearish candlestick pattern, 3 black crows, is used to predict the reversal of the current uptrend. this pattern consists of three consecutive long-bodied candlesticks that have closed lower than the previous day, with each session's open occurring within the body of the previous candle.
- a bullish candlestick pattern, 3 white soldiers, is used to predict the reversal of the current downtrend. this pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day, with each session's open occurring within the body of the previous candle.

- trade signals, confirmed by rsi indicator
- the trading signals to open long or short positions must be confirmed by the rsi indicator. the value of rsi must be lower or greater than critical levels. the closing of opened positions depends on the values of the rsi indicator.

to create an expert advisor using the mql5 wizard, the cml_rsi class must be downloaded and saved to the client terminal's data folder. the same should be done with the candlepatterns.mqh file. after restarting the metaeditor, the mql5 wizard can be launched to create an expert advisor.

the name of the expert advisor must be specified, and the modules of trade signals used must be selected. in this case, only one module of trade signals is used. the signals based on 3 black crows/3 white soldiers module of trading signals can be added, and any trailing properties can be selected. the money management properties can also be specified.

by pressing the finish button, the code of the generated expert advisor will be created, and the default input parameters must be replaced with the specified values. the signal_thresholdopen and signal_thresholdclose input parameters allow specifying threshold levels for open and close of positions.

the backtesting results of the expert advisor on historical data can be considered, and the best set of input parameters can be found using the strategy tester of the metatrader 5 client terminal.

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#property copyright "robotfx"
#property link "https://robotfx.org"
#property version   "1.00"
#include <expert\expert.mqh>
#include <expert\signal\mysignals\acbc_ws_rsi.mqh>
#include <expert\trailing\trailingnone.mqh>
#include <expert\money\moneyfixedlot.mqh>
input string expert_title         ="expert_abc_ws_rsi"; // document name
ulong        expert_magicnumber   =11202;               // 
bool         expert_everytick     =false;               // 

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• This tool is provided for educational and testing purposes only.
• Past performance does not guarantee future results.
• Trading involves substantial risk of loss. Use on a demo account first.
• Results may vary depending on market conditions, broker, and settings.
• We recommend thorough backtesting and forward testing before using with real funds.