i trade similar system, its giving me good results. but its discretionary system, thats why i dont use EA 1. trade only in the direction of 200 MA. TF is H1 2. trade only during EU session and US morning session 3. on breakout of Inside Bar 4. the ...

i am following original rules. got 80 pip profit on july 1st and again another 70 pip profit today.

thanks for the EA. Which TF you tested ? in my view this works well on higher timeframes. may be daily logic is simple. current bar broke the prev bar low but failed to go down and instead reversed and even crossed the prev close. so its a failed ...

theres a generic breakout EA v7, pl do a search, it can solve your problem

before somebody puts effort to write EA, can you convince him/her why this system would be profitable ? how you came up with these rules ? i suggest you take daily chart of EU, GU and do a study of this and log the trades in excel and post the ...

another big move today, 62 pips profit

lol. we already met the june target, we had a 80 pip profit today

May has been a terrible month, down like 25% with original settings. is it a concidence that we have day light saving in london in this month ? somebody is trading after applying DLS. how is that going?

on what basis you are saying direction is down ? you can see the IB above the open price torquoise dotted line

IB is above day open, so we look for only long trades. not short trades

right now there is a serious bug regarding how to calculate DayOpenPrice. as per DIBS, its always 6 AM GMT, as per EA its prev day close price. if broker doesnt close day by 6 AM GMT then EA places wrong orders

there is a serious bug in the EA, i mentioned it in prev posts. as per DIBS, current day open price is as of 6 AM GMT. Whereas the EA determines this as yesterday close. so if yr broker doesnt close the day at 6 AM GMT, then you may get wrong ...

hi sq, "With my example picture: prob_of_reversal_after(5) = 100 - 100 * ( 48+23+5+2+6+1 ) / 1409 = 94%" i am trying to understand how you have arrived at probability of success. if we enter after 5 consequitive green bars. in your example you are ...

i spent sometime testing the EA, here are my observations so far 1. first of all excellent work by steve (we know that anyway) to develop this EA which has great potential to succeed (with proper money mgmt which is the main objective of EA) 2. as ...

also prev day definition needs clarity. if entry is after 6 AM GMT, prev day ends at 0 GMT ? we need day start hr, trading start hr, trading end hr inputs so that everyone can give his values based on the broker offset

with oanda subaccounts you could have long in one account and short in another. but how could we close when the combined profit exceeds target. is it manual process ?

hi cgrey, good to see you here and appreciate your testing number of winning trades are much more than losing trades. but the avg lose is more than profit. i would try to test the EA with 2 changes 1. instead of fixed lot, i would go for fixed risk ...

we have 52 trades in a year. 400 means around 8 years... i doubt if any system can perform well over so many years. why dont you think the market dynamics change each year and its possible this system did well in last 2-3 years. this may be due to ...

what pairs it works ? only GU or other pairs also ? probably each pair may have its own 30% number

" Do not go long with a green candle below the 6 SMA" do you mean the close or open or high or low of the candle should be below sma ?