Jay's Candle Sticker System

Today's Trade :

EURAUD - Sell (which means ...close and stay in cash)

Trade well.

Jay,
Where art thou, pal? This account can be rebuilt back to over $10000, there's so much good in this system!

Yes, I thin Jay's system did well except his money management that trading without stoploss. Other things going quite well!

I think the Am. Bulls signals can be filtered by incorporating S/R and following the trend. I am going to adjust my paper trading account in this way to see how it performs.

I was reading an article about that ... the author said that trading without a stop-loss was like driving thru town and running all the red lights and stop signs ... you will get to where you're going quicker, but sooner or later, -------.

Hello JayDavis, I believe a semi automated version of the 3 Tier London breakout Ea can really help improve(manage) this system. This EA works wonders when properly managed(made to trade in the direction of a trend) although some changes need to be made to enable it keep some trades until you get a sell order from Americanbulls. Please back test it on any pair in the direction of the trend and let me know what you think.

I have been trading without stop losses for over a year and its made me way more profit... Price will go up and down throughout a trade, you have to give it plenty of room to do that. If you read your charts and indicators, you will be smart enough to know when and when not to get into a trade. I only trade two pair, and I am telling you, if you stare at only two pair for over a year, you get to know its movement pretty well. Also without a stop loss, you have to do smaller lot sizes to withstand the movement and not test your margin call. Also patients! You have to trust your strategy. … Now if you are a beginner and you are trying to find your strategy and what works for you, then hell yeah! Put a stop loss on there. …. Traders like Warren Buffett did not become billionaires with tight stop losses.

Hi guys.....

Is there anyone who created his own modifications to jay system except the above TE?

If you have kindly share.

I will post my own modification later today.

Brain, please share

Jay’s CandleSticker System (Modification Version)

Get free signals here. https://www.americanbulls.com/SignalListFX.aspx?lang=en
At 5 pm eastern time (00:00 midnight) GMT

Procedure:

1. When signaled with a confirmed candlestick pattern do the following.

-Check if the candlestick pattern is aligned with the 3 MA's cross on the daily time frame (68 EMA, typical price; 86 EMA, typical price; 200 SMA, close price)
-Check if the candlestick pattern is aligned with the trend indicator on the 4 hr time frame

if they are both aligned we ready to go to step 2

2. Entry suggestion:

-Open trades only on Entry Point indicator confirmation on
-15 minutes, 4 Hr and Daily time frames: It must print Crimson for Short and DeepSkyBlue for Buy

Create a 0.03 lot-sized order at the market price
Create a 0.01 lot-sized order at market price
Create a 0.01 lot-sized order at market price

3. Stop Loss suggestion:

-Move down to 4 hr time frame
-Multiply its ATR(14) by (7-12) to attain the Stop Loss Range
-Go back to Daily chart and Place your stop loss located inside the calculated range (better below/above S/R)

4. Take Profit suggestions:

-Move down to 4 hr time frame
-Close 0.03 order ATR(14) multiplied by 4
-Close 0.01 order ATR(14) multiplied by 7

Last order either do the following:

-Move to daily time frame and Multiply its ATR(14) by 7 OR
-Leave open and Close it by an opposite confirmation candle


Additional notes:
Update a spreadsheet every day with the signals from AB
Buy all BUY signals, Close all SELL signals(unless in cash), Sell all SHORT signals.
Lot sizes you can change depending on your risk tolerance and trading situation

About Entry point indicator:

I shared the code, please compile it and use it.
It makes use of stochastic indicator which comes with MT4

About Trend indicator:

I will share the indicator for you. it basically reads the trend on the 4 hr time frame using the basic pattern of (higher high and lower low sequence of price)

Hi guys

3 MA's Cross Settings: 68 EMA, typical price
86 EMA, typical price
200 SMA, close price

Code for Forex Entry Point:

#property copyright "Copyright 2011, MetaQuotes Software Corp."
#property link "http://www.metaquotes.net"
#property indicator_separate_window
#property indicator_minimum 0.0
#property indicator_maximum 100.0
#property indicator_buffers 5
#property indicator_color1 CLR_NONE
#property indicator_color2 CLR_NONE
#property indicator_color3 Aqua
#property indicator_color4 Magenta
#property indicator_color5 CLR_NONE
extern int KPeriod = 21;
extern int DPeriod = 12;
extern int Slowing = 3;
extern int method = 0;
extern int price = 0;
extern string äëÿ_WPR = "";
extern int ExtWPRPeriod = 14;
extern double ZoneHighPer = 70.0;
extern double ZoneLowPer = 30.0;
extern bool modeone = TRUE;
extern bool PlaySoundBuy = TRUE;
extern bool PlaySoundSell = TRUE;
int gi_136 = 0;
extern string FileSoundBuy = "analyze buy";
extern string FileSoundSell = "analyze sell";
double g_ibuf_156[];
double g_ibuf_160[];
double g_ibuf_164[];
double g_ibuf_168[];
double g_ibuf_172[];
int gi_176 = 0;
int gi_180 = 0;
int g_time_184 = 0;
int gi_188 = 0;
int gi_192 = 0;
int gi_196 = 0;
// E37F0136AA3FFAF149B351F6A4C948E9
int init() {
string ls_unused_0;
IndicatorBuffers(5);
SetIndexStyle(0, DRAW_LINE, EMPTY, 0);
SetIndexBuffer(0, g_ibuf_156);
SetIndexStyle(1, DRAW_LINE, EMPTY, 0);
SetIndexBuffer(1, g_ibuf_160);
SetIndexStyle(2, DRAW_HISTOGRAM, STYLE_SOLID, 5);
SetIndexArrow(2, 244);
SetIndexBuffer(2, g_ibuf_164);
SetIndexStyle(3, DRAW_HISTOGRAM, STYLE_SOLID, 5);
SetIndexBuffer(3, g_ibuf_168);
SetIndexArrow(3, 244);
SetIndexStyle(4, DRAW_LINE, EMPTY, 0);
SetIndexBuffer(4, g_ibuf_172);
gi_176 = KPeriod + Slowing;
gi_180 = gi_176 + DPeriod;
SetIndexDrawBegin(0, gi_176);
SetIndexDrawBegin(1, gi_180);
SetIndexDrawBegin(4, ExtWPRPeriod);
SetIndexEmptyValue(2, 0);
SetIndexEmptyValue(3, 0);
return (0);
}
// EA2B2676C28C0DB26D39331A336C6B92
int start() {
double price_field_12;
double high_20;
double low_28;
double ld_40;
double ld_48;
double ld_56;
double ld_64;
int shift_72;
int li_8 = IndicatorCounted();
if (Bars <= gi_180) return (0);
if (li_8 < 1) {
for (int shift_0 = 1; shift_0 <= gi_176; shift_0++) g_ibuf_156[Bars - shift_0] = 0;
for (shift_0 = 1; shift_0 <= gi_180; shift_0++) g_ibuf_160[Bars - shift_0] = 0;
}
if (li_8 > 0) li_8--;
int li_36 = Bars - li_8;
for (shift_0 = 0; shift_0 < li_36; shift_0++) {
g_ibuf_156[shift_0] = iStochastic(NULL, 0, KPeriod, DPeriod, Slowing, method, price_field_12, MODE_MAIN, shift_0);
g_ibuf_160[shift_0] = iStochastic(NULL, 0, 21, DPeriod, Slowing, method, price_field_12, MODE_SIGNAL, shift_0);
}
shift_0 = Bars - ExtWPRPeriod - 1;
if (li_8 > ExtWPRPeriod) shift_0 = Bars - li_8 - 1;
while (shift_0 >= 0) {
high_20 = High[iHighest(NULL, 0, MODE_HIGH, ExtWPRPeriod, shift_0)];
low_28 = Low[iLowest(NULL, 0, MODE_LOW, ExtWPRPeriod, shift_0)];
if (!f0_0(high_20 - low_28, 0.0)) g_ibuf_172[shift_0] = (high_20 - Close[shift_0]) / (-0.01) / (high_20 - low_28) + 100.0;
shift_0--;
}
if (li_8 > 0) li_8--;
li_36 = Bars - li_8;
for (shift_0 = li_36 - 1; shift_0 >= 0; shift_0--) {
ld_40 = g_ibuf_160[shift_0];
ld_48 = g_ibuf_160[shift_0 + 1];
ld_56 = g_ibuf_156[shift_0];
ld_64 = g_ibuf_156[shift_0 + 1];
if (ld_56 > ld_40 && ld_64 < ld_48 && ld_64 < ZoneLowPer && ld_48 < ZoneLowPer) {
g_ibuf_164[shift_0] = 100;
shift_72 = iBarShift(NULL, 0, gi_188);
if (modeone && shift_72 != shift_0 && gi_196 == 1) g_ibuf_164[shift_72] = 0;
gi_188 = Time[shift_0];
gi_196 = 1;
} else g_ibuf_164[shift_0] = 0;
if (ld_56 < ld_40 && ld_64 > ld_48 && ld_64 > ZoneHighPer && ld_48 > ZoneHighPer) {
g_ibuf_168[shift_0] = 100;
shift_72 = iBarShift(NULL, 0, gi_192);
if (modeone && shift_72 != shift_0 && gi_196 == -1) g_ibuf_168[shift_72] = 0;
gi_192 = Time[shift_0];
gi_196 = -1;
} else g_ibuf_168[shift_0] = 0;
}
if (PlaySoundBuy && g_ibuf_164[gi_136] > 0.0) {
if (g_time_184 != Time[gi_136]) PlaySound(FileSoundBuy);
g_time_184 = Time[gi_136];
}
if (PlaySoundSell && g_ibuf_168[gi_136] > 0.0) {
if (g_time_184 != Time[gi_136]) PlaySound(FileSoundSell);
g_time_184 = Time[gi_136];
}
return (0);
}
// 2B740CB84420C7B62E2B7A7086716360
bool f0_0(double ad_0, double ad_8) {
bool bool_16 = NormalizeDouble(ad_0 - ad_8, 8) == 0.0;
return (bool_16);
}

Hi guys,

As promised.

The Trend indicator

Hi guys,

The compiled version of the forex entry point

Hi guys,

This is how the system looks like

I have uploaded the template as well.

Hi guys,

Since i am in the mood of sharing, i decided to share position size calculator. It is very useful calculating the lot size depending on your risk tolerance. It will help us when placing the stop loss, take profit per my modification.

You just specify %Risk and where you place your SL and TP and it will then calculate the following for you: reward and reward/risk and position size

Hi guys,

So that we are clear I will be trading the system live next year January 2019 using the modified version of jay's system.

Please also check my personal trading journal: The workings of a well crafted trading plan on $205 account

Hi guys,

If you have made you own modifications to the Jay's system please do share and show its TE so that we can all work together shaping this system. The works works, just needs a few tweaks here and there. Please do not hesitate!!!!!!!!

Jay will be coming back soon!!

Few trades confirmed by AB but only USDCAD is looking good thus far. i am monitoring it based on my own modification as posted few days back.

MA cross and forex entry on daily frame got confirmed but waiting for trend indicator and forex entry on 4hr to follow before stalking the 15 minutes forex entry.

Revealing which direction you intend to trade based on candle patterns just seems like a bad idea nowadays. Especially since these candle patterns are widely known and popular so "you" in this case isn't only you, it's a huge population of traders following the same pattern and I'm sure this is exploited by market makers.

I have been slacking on the paper trading account so I haven't come up with any clear pattern of results, I have been largely focused on my own live account