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EURJPY M15 system 80%+

  • #162
  • Jan 27, 2018 8:14am Jan 27, 2018 8:14am
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.
This week results:
Monday: Loser
Tuesday: Winner
Wednesday: Winner
Thursday: Loser
Friday: No Trade

Basically.....we had 9 trades so far in last 2 weeks. 4 winners and 5 losers. This conclusion is based on taking trades based on the original post. There is no Break-even or trailing concepts used. I am not sure if we did how it would impact the net results.
  • #163
  • Jan 27, 2018 8:22am Jan 27, 2018 8:22am
FXMD,

Did you use any Break even or trailing to determine 81% winners? Was the 81% based on only the following rules:

1) BO box is determines based on 4 hours (16 M15 candles) starting at 5pm EST. The BO box is max 45 pips adjusted to newer extreme if more than 45 pips is reached.
2) Only after a M15 candles closes beyond the BO zone a trade is taken.
3) Trade is taken only if the price is around 2-3 pips beyond the BO zone after a M15 candles closes beyond the zone. if the price is more than 2-3 pips, we wait for price to retrace back to around 2-3 pips close to BO.
4) TP and SL is the size of the BO zone.
  • #164
  • Jan 27, 2018 12:18pm Jan 27, 2018 12:18pm
linda raschke it is her strategy, and it is only part of the strategy, there is the they to take extensive targets and full move she explained it in the strategy.

As far as I know Lindas strategies have copyright, you have to put a link on her resource in the first line, or you gonna have trouble
Even though I walk through the darkest valley, I will fear no evil
  • #165
  • Jan 27, 2018 4:15pm Jan 27, 2018 4:15pm
hi remember Friday cab be a very tricky day for trading
  • #166
  • Jan 28, 2018 8:32am Jan 28, 2018 8:32am
hi guys,

I added the auto lot size by account equity and also an MA-filter option.
Attached Image
Attached File(s)
File Type: ex4 Breakout_v1_1a.ex4   42 KB | 4,113 downloads
  • #167
  • Jan 28, 2018 9:26am Jan 28, 2018 9:26am
Quoting StayFoolish
hi guys, I added the auto lot size by account equity and also an MA-filter option. {file} {image}
Thanks for the EA. I wanted to confirm a few following things and start the EA:

1) Is the EA based on FXMD original idea. i.e. 16 M15 candles creating a BO zone of max 45 pips. if zone is bigger than 45 pips then adjust the zone to 45 pips based on latest extreme?

2) Will this EA wait for a M15 candle to close above/below the zone and only then take trade if price is still within 2-3 pips of the BO zone?

3) how does the EA do the risk management of the trade? I mean does it do any trailing at any point? does it do any break even at any point once certain pips are gathered?
  • #168
  • Jan 28, 2018 1:18pm Jan 28, 2018 1:18pm
Quoting StayFoolish
hi guys, I added the auto lot size by account equity and also an MA-filter option. {file} {image}
Thank you very much.
Grind until you no longer have to introduce yourself. 4:30am club
  • #169
  • Jan 28, 2018 1:20pm Jan 28, 2018 1:20pm
Quoting yalgaar
{quote} Thanks for the EA. I wanted to confirm a few following things and start the EA: 1) Is the EA based on FXMD original idea. i.e. 16 M15 candles creating a BO zone of max 45 pips. if zone is bigger than 45 pips then adjust the zone to 45 pips based on latest extreme? 2) Will this EA wait for a M15 candle to close above/below the zone and only then take trade if price is still within 2-3 pips of the BO zone? 3) how does the EA do the risk management of the trade? I mean does it do any trailing at any point? does it do any break even at any point...
How about investing your time in doing backrest to find out instead of demanding time from someone who has already collaborated so much for free.?
Grind until you no longer have to introduce yourself. 4:30am club
  • #170
  • Jan 29, 2018 1:48am Jan 29, 2018 1:48am
Quoting Fxmd
My vacations are over now, back to school till summer. I Won´t be posting the other system (higher TFs) until summer. I will only post this 2 systems for now (you can check the other one in my profile). You can contact me here , please do so if you can write an EA. Maybe next release will be on psychology and money management. We´ll see. As always good luck and if you have questions post them here so everyone can learn from others. Here is my favorite trade manager and risk manager indicator. Good luck to everyone....
Thanks for sharing the EA
"Hands that help are holier than lips that pray" Shirdi Sai Baba
  • #171
  • Jan 29, 2018 6:08am Jan 29, 2018 6:08am
Today's trade was a loser. It could have been a break even if we would do put some trade management in place. I mean once we have certain % of pips profit we move our SL to break even. But I am not sure what will be the net result of this and how it will impact several trades that make profit. I intend to do a backtest this weekend on last 1 year to find out what will be % winners and % losers with setting breakeven when trade is at 85% of targeted profit
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  • #172
  • Jan 29, 2018 12:49pm Jan 29, 2018 12:49pm
Quoting yalgaar
Today's trade was a loser. It could have been a break even if we would do put some trade management in place. I mean once we have certain % of pips profit we move our SL to break even. But I am not sure what will be the net result of this and how it will impact several trades that make profit. I intend to do a backtest this weekend on last 1 year to find out what will be % winners and % losers with setting breakeven when trade is at 85% of targeted profit {image}
Good idea, it will certainly be helpful
Grind until you no longer have to introduce yourself. 4:30am club
  • #173
  • Jan 30, 2018 5:57am Jan 30, 2018 5:57am
Winner trade today
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  • #174
  • Jan 30, 2018 6:11am Jan 30, 2018 6:11am
Quoting Fxmd
{quote} Good idea, it will certainly be helpful
FXMD,


I am trying to do a visual backtest for the whole 1 year (2017) to find out how many winners, losers, Breakeven or N o trades. I just noticed that the indicator is not drawing the BO zone correctly as we expect or maybe I am doing something wrong. Can you please advise what could be the reason? I believe we want the BO zone to be using "Stick box to latest Extreme = True" But that is not what it is doing. Actually quite the opposite. Also if I set it to false it is still not setting the BO zone to latest extreme. Following are the screenshots for the Zone for Jan 15 2018 with 2 different settings. I am also pasting screenshot of indicator settings below.
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  • #175
  • Jan 30, 2018 8:36am Jan 30, 2018 8:36am
Quoting yalgaar
Winner trade today {image}

Hello. Today, according to the rules, the signal sent to StopLas hit !!!!!!
  • #176
  • Jan 30, 2018 10:17am Jan 30, 2018 10:17am
Quoting shamimedel
{quote} Hello. Today, according to the rules, the signal sent to StopLas hit !!!!!!
that is not true! It has hit the take profit. Please explain when did you take the trade and when did it hit your SL? You might be doing something wrong.
  • #177
  • Jan 30, 2018 10:55am Jan 30, 2018 10:55am
Is that correct؟؟؟
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  • #178
  • Jan 30, 2018 2:22pm Jan 30, 2018 2:22pm
Quoting shamimedel
Is that correct؟؟؟ {image}
I knew you would have done that but didn't want to assume it. OK so to answer your question this is not a correct entry!

You do not just enter at the "Buy Entry" You wait till you get a M15 candle to close above this line. Only after you get this confirmation you enter a buy trade. If the price has moved too much already then you wait for it to retrace back.

I know this could get confusing...I was confused as well. Feel free to ask for any further clarifications if needed.
  • #179
  • Jan 30, 2018 2:41pm Jan 30, 2018 2:41pm
Quoting yalgaar
{quote}You do not just enter at the "Buy Entry" You wait till you get a M15 candle to close above this line.
Where is it in the rules?
Just an opinion. Based on research
  • #180
  • Jan 30, 2018 3:01pm Jan 30, 2018 3:01pm
Quoting since80808
{quote} Where is it in the rules?
Very first post! Look at the chart the rules are on it
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