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1 trade per week system (Backtesting included)

  • #101
  • Jul 24, 2017 3:46am Jul 24, 2017 3:46am
But looking at the BTs .... the forward test will be a very very long lasting waiting game ............ long lasting loosing or "flat" periods are a big challange for the traders using this system / method.

Btw: Using fixed (small ?) lot size will give smaller wins, so this thingy will be an even more boring story ............
  • #102
  • Jul 24, 2017 8:47am Jul 24, 2017 8:47am
Quoting cocolizo67
{quote} No TP. CLose the trade at the end of the day (In my cas that is Monday 21:00 GMT).
could you help me how to figure out GMT time at my local Center Time, Dallas, TEXAS-USA ,the end of Monday mean 12:00AM local time.
  • #103
  • Jul 24, 2017 9:07am Jul 24, 2017 9:07am
Quoting Mianlien
{quote} could you help me how to figure out GMT time at my local Center Time, Dallas, TEXAS-USA ,the end of Monday mean 12:00AM local time.
I think its the same as mine GMT-5. So the new candle will be at 4:00pm your local time.
  • #104
  • Jul 24, 2017 9:23am Jul 24, 2017 9:23am
Quoting mario777
so waht is the signal for manual trading? My EU daily candle is green. So we need to sell when the market open on Monday? {image}
ok I closed it 29 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-07-22_1620.png Size: 50 KB
  • #105
  • Jul 24, 2017 3:22pm Jul 24, 2017 3:22pm
EU 20100101-today, 3 pip spread, 10% risk
Attached Image (click to enlarge)
Click to Enlarge Name: eug.JPG Size: 100 KB

Attached Image (click to enlarge)
Click to Enlarge Name: eur.JPG Size: 104 KB
  • #106
  • Jul 24, 2017 4:50pm Jul 24, 2017 4:50pm
Hello,

thank you for this nice thread. Anybody who test test this ea on tick data (99%)?
  • #107
  • Jul 24, 2017 10:31pm Jul 24, 2017 10:31pm
I think I followed the rules and got this result:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #108
  • Jul 25, 2017 1:41am Jul 25, 2017 1:41am
First trade win 1%!
  • #109
  • Jul 25, 2017 1:50am Jul 25, 2017 1:50am
Quoting cocolizo67
Updated EA on first post. Changed the closing time to 00:05 (five minutes later), because sometimes some brokers freeze the mt4 at 00:00 for 1 or 2 minutes every day.
Maybee its better to close five minutes earlier for avoid swap? 23.55?
  • #110
  • Jul 25, 2017 3:51am Jul 25, 2017 3:51am
I have done a backtest and I have noticed that there are few consecutive losses. I get a maximum of 4 losses in a row in the last 5 years.
A slightly risky option would be to double the lot size after a loss.
  • #111
  • Jul 25, 2017 7:36am Jul 25, 2017 7:36am
Quoting Clipi
I have done a backtest and I have noticed that there are few consecutive losses. I get a maximum of 4 losses in a row in the last 5 years. A slightly risky option would be to double the lot size after a loss.
4 losses could mean: LLLLW LLLLW LLLLW LLLLW.

I would strongly suggest not to use any kind of martingale method.
  • #112
  • Jul 26, 2017 8:16am Jul 26, 2017 8:16am
I am in the UK and checking different brokers whose daily candle starts at different times i notice very little difference to the end results if you waited past the sunday candle opening and then entered the trade on the monday candle opening and then letting the trade run from there.
  • #113
  • Jul 29, 2017 1:17pm Jul 29, 2017 1:17pm
Quoting rjngh2005
what is the TP in this system ?
LOL if it has no TP.....or SL.....good luck.
  • #114
  • Jul 29, 2017 2:39pm Jul 29, 2017 2:39pm
Quoting trigraphite
{quote} LOL if it has no TP.....or SL.....good luck.
it does have TP and SL. check the First page of thread
  • #115
  • Jul 30, 2017 12:58pm Jul 30, 2017 12:58pm
Quoting cocolizo67
Code will not be shared. This is a free EA, with expiration date that will be updated regulary every 3 months for free. I choose that in order to prevent from some people to sell it. It will always be free. Backtest Oct 2010- JUly 2017 (Using 5% risk per trade) {image} {image} {image} {file}
I agree with you...that s also my thinking cause I find my earlier indicators sold by scammers on youtube and other channels....
Vucking good EA coder... https://t.ly/AZjRM
  • #116
  • Jul 31, 2017 3:10am Jul 31, 2017 3:10am
EA works perfect, open trade 00.01
  • #117
  • Aug 2, 2017 2:39am Aug 2, 2017 2:39am
My last trade is still open. I think that The EA should have closed it tusday or wednesday 00.05. Is it correct?
  • #118
  • Aug 2, 2017 3:02am Aug 2, 2017 3:02am
Quoting cocolizo67
{quote} When the trade is not in profit by the end of Monday, the EA will try to exit at the minimum loss possible during the week.
Whan is the latest exit? Friday? Or do I have to exit manual on friday if EA bot have done it before?
  • #119
  • Aug 10, 2017 1:40am Aug 10, 2017 1:40am
hi cocolizo67
thanks you share your EA
in page 1
Code will not be shared. This is a free EA, with expiration date that will be updated regulary every 3 months for free. I choose that in order to prevent from some people to sell it. It will always be free.

if this EA have expire time, could you show the expire time on EA screen, than user can understand to re-download new version. thanks.
  • #120
  • Aug 13, 2017 11:37pm Aug 13, 2017 11:37pm
@cocolizo67 .
can you include an option for take profit in the EA
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