Price Action Trader EA

Great EA, i will test it, thank you

Price Action trading strategy doesn’t mean only pattern based trading, like sometimes I need to go with pre-breakout trading setup although pin bar trading setup is available there! So, I prefer PA trading for only manual trading! Yes, which traders have advance PA knowledge, they can earn handsome money here because it’s all about market flow!

The big buyer and the shorter show as a rule their footprint! We must learn to discern puzzles!

Hi Scoobidoobi,
I have joined forexfactory as a token of thanks for your kindness in sharing this amazing EA with the public.I am particularly grateful for it.I have always believed that an excellently profitable EA would either be free due to its owner's kindness and generosity or be sold at a very expensive price,as result I have never bought an EA.You have proved me right by making this EA available for free and by requesting everyone to participate in optimizing it.
I have always been of the opinion that when I perfect my trading skills and find or evolve an excellent system,then I will write an EA myself to trade my system(s).I have been trading and learning actively since November 2012 and this your EA literally blew my mind.Its accuracy,profit factor,consecutive win rate/counts,losses,etc are simply amazing when properly optimized. GFuture's 5 minutes optimization on EURUSD result for 19 trading days challenged me to embark on further optimization.Find the report for my 19 days exercise (2017/07/30-2017/08/18) hereby attached.

It is 5 min EURUSD with the setting:

Initial deposit=$1,000;
Net Profit= $12,284.41

FixLot=0.21;
GVari_96=56;
GVari_92=100;
Secure=300;
Modprice=300;
Dollars=12;

Hello everyone,
Sequel to my last post,note that my 19 days forward testing is from 20017/07/30 to 2017/08/18.Thus,as at 17th of August,2017 and 19:45 the balance was $23,727.16 ie a Net Profit $22,727.16).The trades that were opened after this time had to be CLOSED AT STOP after 23:59 as we move to 18th-the end of the exercise before they could get any chance to be profitable.

This means that the EA traded $1,000 to $23,727.16 in about 19 days.For a broker with requirements that Scoobidoobi suggested we hope for an approximate performance God-willing if the broker is a honest ECN broker.

Find the Summary strategy Tester Report and my observation regarding the true Net Profit hereby attached.

Its possible to close the trades with more profit manual? Now they are on good profit.. SL is very low. Should i close some good profit trades? Or its important to let it run?

Greetings and thx for efforts.
Cyrus

Is anyone trying this one on real? Is the EA "Crash Proof"? I mean, will the EA recognize open orders after a Broker/VPS update?

so no one? Is anybody able to add a traling stop. The EA has a lot of potential, the traling would bring even more money here.

Hello,
definitely profitable in demo trading. It would be great to have a SL not only as a script. For example a certain percentage of the balance. As it is in the percentage balance zone it won't be closed. Only as the equity goes once outside of the zone and then back inside. That would be my idea of a SL here.

thanks for the effort, greetings

Hello CyrusMasta,
I prefer that Scoobidoobi respond to these questions.Perhaps he is busy this time or something.I apologize too for this late comment,as my Internet is not stable at the moment and I do not usually follow threads that much,being quite busy.

It is important to understand how this EA work.Check Scoobidoobi's first post on this EA.One of the beautiful things about this EA among others,is that it simple;yet robust.It can survive and even take advantage of high impact news,provided you have enough fund to handle the fluctuations.

More directly,to answer CyrusMasta's question about manually closing some trades,my suggestion is that one can have an account that one simply leaves to run,especially based on default setting.fixed lot size,only one pair-preferably EURUSD,5 minutes time frame and $1000.With the default setting I made about 42% ROI on my real account in about 22.5 hours on a volatile day,and to God be the glory.

Then one can have a second account with my optimized setting in the previous post and the rest as in the paragraph right above.That setting is quite aggressive and can double account between 36-72 hours of very volatile market days,God-willing.For this I suggest that if in any particular day you see the sum of all the opened trades positive and about 50% or more of your initial deposit,STOP the EA and close all your opened positions at that profit.Then enable the EA again the next day with the same initial deposit and withdraw your profit.If you do not STOP the EA before manually intervening,the EA may keep opening newer trades and thus confuse you or disrupt your plans.

For more advanced and experienced traders,wait until the pair hits a resistance level-say previous structure high or low,fib target,Pivot Point level,etc,wait for good set up to show that the price is going to reverse or pullback,then close all the "buys" if it is a bull market leaving the "sells" as the price is now reversing or pulling back;or close all the "sells" if it is a bear one,leaving all the "buys" as the price is reversing now or pulling back,God-willing. Then seek for the right opportunities to close the rest of the left orders for additional profit,even if they are closed while still negative.

In my $5000 demo acct using the aggressive optimized setting,I made a profit of about $2500 based on the above manual exit strategy,in less than 30 hours.I believe it may double the account by the time I exit the rest of the positions,God-willing.Thank you Scoobidoobi for this amazing EA and ALL praise belong to God Almighty.

Wishing you all the very best in your trading and the rest of the various aspects of your lives.

MMA.

One is sufficient funds and check your broker for max number of orders allowed to open ( some brokers dont have any restriction like lmax,fxpig) but many brokers like pepperstone,hotforex and icmarkets etc will have 200 max open orders at a time that will affect the EA and cause crash. FYI

This Price action EA is more like Heat Maps or in other words will keep spraying orders in the direction of price action (not against or doing martingale), if the market keeps trending it can accumulate good sum of profits like you made 2500$ in less than 2days which is not surprising.

Its good to turn the EA on EUR USD or USD JPY during NFP/FOMC time or any big events for the currency and have some well defined target after its reached please shut off the ea for another news event is another way to operate

Always a big fan of PA system

Me too, but not easy to find the right settings. Likely, the EA seems to overtrade - means long time no trade and wait for correction.

Dears,

After 1st day of testing with default settings I'm positive but still continue testing and posting results.

I'm curious why this thread is soo silent.

hi there
this ea on backtest does make tremendous gains however at the end of the back test, the equity curve dramatically drops, what's the cause of this?

Miscalculation or close of high drawdown.

how do we fix that?

are you in drawdown currently using this ea?

Sounds like we have yet another ill-starred Martingale tester, that hoped for a yield curve to shoot to the moon

Spreads won't allow that, will kill all profits. Brokers are not stupid and take appropriate measures against HFT

Hello traders,
with this settings
Secure=300;
Modprice=300;

EA doesn't closed trades at 30pips low from open on AN and now are 90 pips in drawdown.

It's happened you too?

thanks