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EURJPY M15 system 80%+

  • #61
  • Jan 18, 2018 3:17pm Jan 18, 2018 3:17pm
FXMD,

I am confused about the box. Can you please clarify? Isn't this box just the High to Low of a 2nd H4 candle from NYC Open?
Also you take Buy or Sell Order when this prices breakout, what is the TP/SL for this?

You mentioned there is around 80% winners based on 1:1 RR. Was this based on taking all trades based on the indicator? or is it just the Blue box while skipping Orange and Red box trades?

How many trades does this system generate each day?
  • #62
  • Edited 8:05pm Jan 18, 2018 7:37pm | Edited 8:05pm
I installed the indicator and using the template provided on the first post.
For my broker the new Daily candle starts at 17:00 EST. Do I need to change anything in the indicator for this?

For now I just used the default settings. I noticed that it is drawing the boxes using 1st 16 M15 candles. Is this how it is expected to work?
Can you also explain the Orange vs Blue color of the box? I understand it has something to do with total pips in the box but I wanted to know exactly how the size of the box is set to and what determines to color?
  • #63
  • Jan 19, 2018 3:23am Jan 19, 2018 3:23am
Quoting yalgaar
I installed the indicator and using the template provided on the first post. For my broker the new Daily candle starts at 17:00 EST. Do I need to change anything in the indicator for this? For now I just used the default settings. I noticed that it is drawing the boxes using 1st 16 M15 candles. Is this how it is expected to work? Can you also explain the Orange vs Blue color of the box? I understand it has something to do with total pips in the box but I wanted to know exactly how the size of the box is set to and what determines to color?
From my understanding you should use 7 as Start time and 11 as End time. But it would be easy enough to compare your box against the one on the telegram channel. The box is orange if the size is bigger than the MaxBoxSize value, it's blue if the size is between the MaxBoxSize and the MinBoxSize, and it's red if the size is smaller than the MinBoxSize. The size of the box is set to 45 by the OP based on the ADR (it looks like roughly at 50%) probably by checking the past performance of the pair. The other questions have been answered already if you take the time to read all the posts.
  • #64
  • Jan 19, 2018 4:49am Jan 19, 2018 4:49am
Quoting Hairi
my EA attempt. let me know your feedback. {image} {image} {file}
started running the ea. will give feedback on the progess
  • #65
  • Edited 8:10am Jan 19, 2018 6:50am | Edited 8:10am
Hello Hairi

Your EA needs a start and stop trading time ( START 4AM and 1 trade per day ) and also, does your EA buy on candle close above below the breakout box?

Otherwise, great JOB !!

Thanks to Andrew for the logic.

Mcdave
  • #66
  • Jan 19, 2018 7:05am Jan 19, 2018 7:05am
Quoting 4fxonly
{quote} From my understanding you should use 7 as Start time and 11 as End time. But it would be easy enough to compare your box against the one on the telegram channel. The box is orange if the size is bigger than the MaxBoxSize value, it's blue if the size is between the MaxBoxSize and the MinBoxSize, and it's red if the size is smaller than the MinBoxSize. The size of the box is set to 45 by the OP based on the ADR (it looks like roughly at 50%) probably by checking the past performance of the pair. The other questions have been answered already...
Thanks for your help. I finally figured out.
  • #67
  • Jan 19, 2018 7:13am Jan 19, 2018 7:13am
Do we have historic records for this system? Would be nice to know how many losers and winners for at least 1 year.

Just a visual testing for this week, this is the following I noticed. I will be happy to continue the following report every week(on Friday)

Monday: Winner
Tuesday: Loser
Wednesday: Loser
Thursday: Winner
Friday (today): Loser

Guess this week was not that good. 40% Win Rate.
  • #68
  • Jan 19, 2018 7:26am Jan 19, 2018 7:26am
My apologies if this has been already answered and I missed it while reading the whole thread.

How do we manage trades that do not hit SL nor they hit TP? For how long do we keep it open?
  • #69
  • Jan 19, 2018 7:47am Jan 19, 2018 7:47am
Quoting yalgaar
My apologies if this has been already answered and I missed it while reading the whole thread. How do we manage trades that do not hit SL nor they hit TP? For how long do we keep it open?

should be closed at the of US session.
  • #70
  • Jan 19, 2018 8:13am Jan 19, 2018 8:13am
Theme of the day; Confusion.

After looking at chart picture in post #1, I went to December 19th to match it up on my chart, to determine exactly what time the OP was referring to. Then, on post #27, pg.2, I added an additional indicator to help mark highs and lows of the reference time frame. In the very next post the OP said, "Good, this is the same time as my broker."

These are simply facts that I observed. Go figure.
  • #71
  • Jan 19, 2018 8:38am Jan 19, 2018 8:38am
Quoting Gemmafx
{quote} Hi diamond, could you share with us your nice strengh meter? Thank you!!!
++++++++++++++++++++++
Attached File(s)
File Type: ex4 mladen1000pips Medium_v2.4.ex4   19 KB | 1,211 downloads
  • #72
  • Jan 19, 2018 8:47am Jan 19, 2018 8:47am
Quoting diamonddbw
Theme of the day; Confusion. After looking at chart picture in post #1, I went to December 19th to match it up on my chart, to determine exactly what time the OP was referring to. Then, on post #27, pg.2, I added an additional indicator to help mark highs and lows of the reference time frame. In the very next post the OP said, "Good, this is the same time as my broker." These are simply facts that I observed. Go figure.
I understand things can get confusing on public forums but no one intends it to be confusing. We just all put in the best effort to help each other.
That said...I believe I quite well understand now what the original poster intends about the time frame and how the box is determined. So feel free to ask anything that you are still confused about and I will be happy to help.
  • #73
  • Jan 19, 2018 9:15am Jan 19, 2018 9:15am
Quoting Hairi
my EA attempt. let me know your feedback. {image} {image} {file}
hi,
please correct me if im wrong does the EA only take one trade win or lose. it will not activate the other trade? would this be a possible option ?
i find from visually testing there would be many break even days this way. the only problem being the double loss days. would like to see if it has any difference though. also options to not trade once a TP has been hit,
also add time zone options; maybe just a numeric shift or something.
options like: max number of trades per day,
close orders once TP reached,
otherwise great work and thx.
(share the mq4 maybe?)
  • #74
  • Jan 19, 2018 10:10am Jan 19, 2018 10:10am
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.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 48 KB
  • #75
  • Jan 19, 2018 10:19am Jan 19, 2018 10:19am
Quoting MACDave
Hello Hairi Your EA needs a start and stop trading time ( START 4AM and 1 trade per day ) and also, does your EA buy on candle close above below the breakout box? Otherwise, great JOB !! Thanks to Andrew for the logic. Mcdave

  1. EA will do 1 trade per day, after 4AM (Broker time).
  2. Please apply EA before within 0am - 4am.
  3. Yes, buy/sell on candle close M15, above/below box.

  • #76
  • Jan 19, 2018 10:19am Jan 19, 2018 10:19am
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}
Better than nothing

55% winrate, well, probably with some discretion it could improve
  • #77
  • Jan 19, 2018 10:46am Jan 19, 2018 10:46am
Quoting Spoon138
{quote} hi, please correct me if im wrong does the EA only take one trade win or lose. it will not activate the other trade? would this be a possible option ? i find from visually testing there would be many break even days this way. the only problem being the double loss days. would like to see if it has any difference though. also options to not trade once a TP has been hit, also add time zone options; maybe just a numeric shift or something. options like: max number of trades per day, close orders once TP reached, otherwise great work and thx....

  1. one trade win/loss.
  2. will not activate other trade.
  3. please adjust your trailing options.
  4. one trade per day, will not trade again if it hit eiher TP/SL.
  5. Time zone will broker with GMT+2.

  • #78
  • Jan 19, 2018 1:20pm Jan 19, 2018 1:20pm
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}
hi

55% of the profit or the correctness of the indicator?
  • #79
  • Jan 19, 2018 2:32pm Jan 19, 2018 2:32pm
Quoting DavidRP
{quote} Better than nothing 55% winrate, well, probably with some discretion it could improve
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.
  • #80
  • Jan 19, 2018 5:25pm Jan 19, 2018 5:25pm
Quoting yalgaar
Do we have historic records for this system? Would be nice to know how many losers and winners for at least 1 year. Just a visual testing for this week, this is the following I noticed. I will be happy to continue the following report every week(on Friday) Monday: Winner Tuesday: Loser Wednesday: Loser Thursday: Winner Friday (today): Loser Guess this week was not that good. 40% Win Rate.
There is PDF with past history showing results at the first post. If the day ends and your trade is in profit buthasnt hit TP secure your balance by setting SL to break even, if its in loss then close it or wait, its up to you.
Grind until you no longer have to introduce yourself. 4:30am club
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