5 Candle Trading System

Quoting ajewopf

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Fellow traders I am interested in this and i can code this easily if we can prove it will make profit. Just visualising this suggests to me it might be more profitable to trade in the direction of the five candles than trade against it Look at the following signals I developed for this and let me know what you think https://charts.mql5.com/15/972/gbpca...l-services.png

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Quoting ajewopf

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And the following is the signal you get if you trade in the direction of the 5 candles instead of against it {image} So folks, make up your mind which should make profit. If we agree, I could produce an EA. Maybe some folks here will provide a modification that we could try out

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Quoting Noor16

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{quote} Look good , & so many thanks for ur interest . please if possible then please share this indicator with us. we don't count 5 candle if any candle is doji /star . thanks

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Quoting ajewopf

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{quote} We should actually thank you for sharing. I am ready to implement modifications that may be necessary to fine-tune the strategy

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Quoting ajewopf

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I have made a little modification to the codes to give choices to the trader to test this strategy in either direction. Just go to the user input and chose whether you want to test this strategy as put forward by the author or you want to go in the direction of the 5 candles. The default is to trade the method as put forward by the author and the second chose is to trade in the direction of the 5 candles. When we have tested the two, let me know the opinion that we should pursue The indicator is here {file}

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Quoting ajewopf

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I have made a little modification to the codes to give choices to the trader to test this strategy in either direction. Just go to the user input and chose whether you want to test this strategy as put forward by the author or you want to go in the direction of the 5 candles. The default is to trade the method as put forward by the author and the second chose is to trade in the direction of the 5 candles. When we have tested the two, let me know the opinion that we should pursue The indicator is here {file}

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Quoting Noor16

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{quote} friend ajewopf Is it possible to convert this indicator by EA . sorry dear please don't mind .

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Quoting sevan62

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I gave a try to this system and developed a simple EA by it. You may back-test and forward test it on demo account. Attached is EA, and screenshots of back-tests in visual mode. You may select the number of bars/candles, adjust SL, min bar body size, test on any TF and currency pair. {file} {file} {image} Stay green.

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Quoting yalgaar

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{quote} Was the EA based on taking trade in the direction of the 5 candles or opposite direction?

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