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EURJPY M15 system 80%+

  • #81
  • Jan 19, 2018 5:38pm Jan 19, 2018 5:38pm
Quoting StayFoolish
here is the backtest result from Jan 2016 - Dec 2017. Winning rate is about 55%. Backtest is based on my own EA on 1hr EJ chart. But the rule is same as Fxmd. {image}
Very good, if you add a task in which the EA will open 3 different trades, for example; trade 1 is 5% risk, trade 2 and 3 is 2% risk each, trade 1 must target 1:1, once target 1 is reached, trades 2 and 3 stop loss to break even and let run to get more profit. This way youŽll be risking 9% and can make profit of 15%, this is just an example you can play with the % settings.
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Click to Enlarge Name: EURJPYiM15.png Size: 41 KB
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  • #82
  • Jan 19, 2018 5:43pm Jan 19, 2018 5:43pm
Quoting yalgaar
{quote} Something really seems off. The OP posted that the winrate is over 81%. He has also provided a detailed document that shows each trade as a proof.
True, notice he didnŽt use the same time-frame as I used, he used H1 and I used M15, anyways, results will vary depending on how many days you analyze, the longer the history analyzed the more accurate it will be.
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  • #83
  • Jan 19, 2018 5:44pm Jan 19, 2018 5:44pm
Quoting Hairi
{quote} one trade win/loss. will not activate other trade. please adjust your trailing options. one trade per day, will not trade again if it hit eiher TP/SL. Time zone will broker with GMT+2.
Thank you for your work, IŽll focus on EA this weekend.
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  • #84
  • Jan 19, 2018 10:33pm Jan 19, 2018 10:33pm
Quoting Fxmd
{quote} True, notice he didnŽt use the same time-frame as I used, he used H1 and I used M15, anyways, results will vary depending on how many days you analyze, the longer the history analyzed the more accurate it will be.

Just to explain how my EA works.

After the valid box is formed, EA will place one Buystop order at High and Sellstop order at Low.
When one of the orders is triggered, another order will be deleted.


Anyway, I uploaded my EA here for your guys to further test.
But, remember to place in 1hr chart.
Attached File(s)
File Type: ex4 Breakout_v0_1a.ex4   40 KB | 1,070 downloads
  • #85
  • Edited 2:20am Jan 20, 2018 12:08am | Edited 2:20am
Quoting Hairi
{quote} EA will do 1 trade per day, after 4AM (Broker time). Please apply EA before within 0am - 4am. Yes, buy/sell on candle close M15, above/below box.
Great work , thanks Hairi just wanted to make sure before I start testing.
One last request ( I think ) could it be possible to have the stop-loss 2 pips above /below the box as I have noticed that price often makes a double top /bottom and could take us out of our position because of spread.

Mcdave
  • #86
  • Jan 20, 2018 12:21am Jan 20, 2018 12:21am
Quoting StayFoolish
{quote} Just to explain how my EA works. After the valid box is formed, EA will place one Buystop order at High and Sellstop order at Low. When one of the orders is triggered, another order will be deleted. Anyway, I uploaded my EA here for your guys to further test. But, remember to place in 1hr chart. {file}
its good to use on london market open if price make some breakout
  • #87
  • Jan 20, 2018 12:27am Jan 20, 2018 12:27am
Quoting StayFoolish
{quote} Just to explain how my EA works. After the valid box is formed, EA will place one Buystop order at High and Sellstop order at Low. When one of the orders is triggered, another order will be deleted. Anyway, I uploaded my EA here for your guys to further test. But, remember to place in 1hr chart. {file}
Can you please share your mql4 code for your EA ... Thank You.
  • #88
  • Jan 20, 2018 8:41am Jan 20, 2018 8:41am
Quoting Hairi
{quote} one trade win/loss. will not activate other trade. please adjust your trailing options. one trade per day, will not trade again if it hit eiher TP/SL. Time zone will broker with GMT+2.

Good ea .. think if possible you should impliment a increase lot for ever order that hits sl. Upon hitting tp . Original lot size will be used.
  • #89
  • Edited 10:01am Jan 20, 2018 9:17am | Edited 10:01am
Quoting StayFoolish
{quote} Just to explain how my EA works. After the valid box is formed, EA will place one Buystop order at High and Sellstop order at Low. When one of the orders is triggered, another order will be deleted. Anyway, I uploaded my EA here for your guys to further test. But, remember to place in 1hr chart. {file}
Thank you, I will backtest it during the week end. If its possible to be run in M15 add scaling lot size, it can give better results. (compounding)
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  • #90
  • Jan 20, 2018 10:32am Jan 20, 2018 10:32am
Quoting wckco
{quote} Can you please share your mql4 code for your EA ... Thank You.
for with timeframe and pair you want code this ea ?
  • #91
  • Edited 4:00pm Jan 20, 2018 3:45pm | Edited 4:00pm
Quoting StayFoolish
{quote} Just to explain how my EA works. After the valid box is formed, EA will place one Buystop order at High and Sellstop order at Low. When one of the orders is triggered, another order will be deleted. Anyway, I uploaded my EA here for your guys to further test. But, remember to place in 1hr chart. {file}
Based from your description - you stated that the EA will place Buy & Stop order as soon the valid box is formed. However can you modify the order instruction to trigger only when the sell/buy entry level got breakout (price close below or above entry level) and then execute limit order on the entry level.
If price does not retrace back to entry level, we just miss a trade but no losses incurred.

In addition, the initial breakout by the first candlestick needs to be solid at least by 2~3 pips away from entry level. I mean if the deficit price action closed above/below entry level is or less than 1 pip, that should not be triggered as valid potential breakout.

Just my input suggestion. Hope this will help improve the EA performance.
  • #92
  • Jan 20, 2018 4:58pm Jan 20, 2018 4:58pm
Thanks for the thread Fxmd

@ stayfoolish

Thanks for the EA -- I can share settings if someone would like



I ran a one year test

Attached Image (click to enlarge)
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  • #93
  • Jan 20, 2018 5:14pm Jan 20, 2018 5:14pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB



Heres all the info on the test
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  • #94
  • Jan 20, 2018 5:39pm Jan 20, 2018 5:39pm
Quoting iamsovereign
{image} Heres all the info on the test
Good work, seems profitable on the long run, how about adding a feature to open trades based on risk % instead of fixed lot size? Is that possible?
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  • #95
  • Jan 20, 2018 5:50pm Jan 20, 2018 5:50pm
Quoting Fxmd
{quote} Good work, seems profitable on the long run, how about adding a feature to open trades based on risk % instead of fixed lot size? Is that possible? {image}
Well just 53%, and just 2 years testing..
  • #96
  • Jan 20, 2018 5:53pm Jan 20, 2018 5:53pm
I like your ideas but I am still learning coding so I am not the one to address this to.

The ea seems solid and I hope that Stayfoolish can help you will your idea for the ea

I will be lurking and learning. You know how to get my attention -- nice legs LOL
Live today like theres no tomorrow-- Prioritize like you will die today
  • #97
  • Jan 20, 2018 5:56pm Jan 20, 2018 5:56pm
Quoting DavidRP
{quote} Well just 53%, and just 2 years testing..
Low drawdown and at 1 lot would have doubled the account with 5K starting capital.......... not to bad for a EA
Live today like theres no tomorrow-- Prioritize like you will die today
  • #98
  • Jan 20, 2018 6:20pm Jan 20, 2018 6:20pm
Quoting DavidRP
{quote} Well just 53%, and just 2 years testing..
its caused by the fixed lot size.
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  • #99
  • Jan 20, 2018 6:24pm Jan 20, 2018 6:24pm
Quoting iamsovereign
{quote} Low drawdown and at 1 lot would have doubled the account with 5K starting capital.......... not to bad for a EA
True.
And yes, thighs save lives
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  • #100
  • Jan 20, 2018 7:28pm Jan 20, 2018 7:28pm
I've been running this on the period before the Frankfurt Open on EG for years (Frankenbreak). I even customised the same indicator, lol.

Good luck with it - it's all about finding the right pair. It also works extremely well on GN but that pair is mental and not for the faint hearted.
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