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Follow the monthly candle and be profitable

  • #2,101
  • Aug 1, 2018 11:01am Aug 1, 2018 11:01am
Follow the Performace of my manual operations:
Open a DEMO account on FXopen via the link:
http://fxopen.com/?agent=904635
Login = 1502887
Investor password = 63HAodC4
Server address = ecn.fxopen.net

Watch the video of my operations at the opening of London:
https://www.youtube.com/channel/UCeU...jE1Z9MF9HbaNmA

Forex Market with Transparency and Effectiveness.
  • #2,102
  • Aug 14, 2018 1:10pm Aug 14, 2018 1:10pm
Explanation of the Fx1x8 System
Inserted Video
  • #2,103
  • Sep 1, 2018 3:45pm Sep 1, 2018 3:45pm
Quoting oradba
Is the EA (1.2.10) supposed to give a warning message about it being a test version? Is there a stable version available to forward test?
Yes, it's supposed to do this, it wasn't meant to go public because it's a testing version ... And I'm also not aware that he asked me to publish it here. But due to a really silly bug the MaxOrderSize = 1 does not apply if you use the "GetMinMaxLotsFromBroker"... LOL...

Yes, there is a more recent version with a few more settings and also less bugs. However, it's still a testing Version and I hadn't time to continue this project since almost a year.

Quoting oradba
Never mind, I figured it out - the EA will only set up one trade at a time. Well, isn't that frustrating. How does one reasonable test forward that way?
Yes, it's hardcoded like this. There's no way to chang this behaviour except me changing the code - which I won't, for technical reasons. It doesn't make sense to continue this code because the whole EA is builded on legacy code and completley rubbish.
I will one day make a new EA from scatch with a maintainable codebase, but I can't promise anything right now because life sometimes just has other plans than what we are planning.

Quoting reteid2222
Let me do it 4 U(about an half hour of work cause the conditions very simple!)! {image} {image}
So? What happend? Extended period of Oktoberfest? hehe
Attached File(s)
File Type: ex4 Follow last Candle (v1.2.12).ex4   125 KB | 398 downloads
  • #2,104
  • Sep 2, 2018 12:44am Sep 2, 2018 12:44am
Quoting oradba
Weird issue with the 'follow last candle' EA (v2.10) - it spots opportunities, looks like it creates the trade, then immediately cancels it. When I examine the trade price, it is usually way off from the chart. Then I saw it enter a good trade, and the same thing happened - cancelled about a minute later. Properties are all the their default value. I see the code is fixed in some areas (like the alert that the lot size is set to .01 because it is a "test" version. Is this expected behavior? {image}
Silly me! Of course you can open different Trades on different Charts with different EAs. But you need to adjust the "MagicNumberOffset" - it has to be a number from 0 to 899 and every instance of the EA needed a different Number in Verion 1.2.10.
With the newer Version 1.2.12 there's no need to adjust the MagicNumberOffset if the EAs are on different symbols. You would need to adjust this only for testing various settings on the same symbol.

Snoopy1234 had the latest version of the EA, but for some reason he refused to use it.

By the way: The warning message of "this is a test version" will apear again in 2019. But as i mentioned before there's no restriction if you use the "GetMinMaxLotsFromBroker".
  • #2,105
  • Jan 11, 2019 11:23am Jan 11, 2019 11:23am
Do you have no time to operate?
Follow the Performace
Open a DEMO account on FXopen via the link:
https://fxopen.co.uk/?agent=5006272
Login = 120313911
Investor password = forex1x8
Server address = FXOpen-ECN Demo Server

See EA Results Forex1x8 11-01-2019
Attached Image (click to enlarge)
Click to Enlarge Name: Double Forex1x8 11-01.png Size: 54 KB
  • #2,106
  • Jan 14, 2019 5:08am Jan 14, 2019 5:08am
Quoting Carneiro
Do you have no time to operate? Follow the Performace Open a DEMO account on FXopen via the link: https://fxopen.co.uk/?agent=5006272 Login = 120313911 Investor password = forex1x8 Server address = FXOpen-ECN Demo Server See EA Results Forex1x8 11-01-2019 {image}
Can I help you.
email: [email protected]
skype: robinhocarneiro
  • #2,107
  • Jan 18, 2019 10:08am Jan 18, 2019 10:08am
EA performance from 11-01-2019 to 18-01-2019
Follow the Performace
Open a DEMO account on FXopen via the link:
https://fxopen.co.uk/?agent=5006272
Login = 120313911
Investor password = forex1x8
Server address = FXOpen-ECN Demo Server
email: [email protected]
skype: robinhocarneiro
Attached Image (click to enlarge)
Click to Enlarge Name: 11-18.png Size: 27 KB
  • #2,108
  • Jan 22, 2019 5:49am Jan 22, 2019 5:49am
Quoting Carneiro
EA performance from 11-01-2019 to 18-01-2019 Follow the Performace Open a DEMO account on FXopen via the link: https://fxopen.co.uk/?agent=5006272 Login = 120313911 Investor password = forex1x8 Server address = FXOpen-ECN Demo Server email: [email protected] skype: robinhocarneiro {image}
Friend, it's a pleasure talking to you.
In my studies I noticed that some pairs move more in one session than another. We also know that we have pairs with ADRs higher than others. I created an idea and asked an Italian friend to develop an EA (Experts) for me.
I choose a pair of high ADRs within your session, for example:
Tokyo: AUDJPY, NZDJPY, EURAUD, GBPAUD, EURNZD or GBPNZD
London: EURJPY or GBPJPY
NY: EURCAD, GBPCAD or CADJPY

I always choose only 1 of these pairs per session and I program the AI (Experts) to open the operations 01 hour before each session, with their respective pair.
OBS: At the moment I will leave it programmed
GBPAUD 01 hour
GBPJPY 09 hours
GBPCAD 14 hours
All 01 hour before each session.
The idea is this; as I know these pairs have high ADRs, I know that at some point these pairs will run 40 pips somewhere, so the EA is scheduled in the first operation, making entries to both sides at the same time ... when it runs 40 pips to some side ,,, the operation will close ,,,, the basic is this;
  • #2,109
  • Jan 22, 2019 10:01am Jan 22, 2019 10:01am
Quoting Carneiro
{quote} Friend, it's a pleasure talking to you. In my studies I noticed that some pairs move more in one session than another. We also know that we have pairs with ADRs higher than others. I created an idea and asked an Italian friend to develop an EA (Experts) for me. I choose a pair of high ADRs within your session, for example: Tokyo: AUDJPY, NZDJPY, EURAUD, GBPAUD, EURNZD or GBPNZD London: EURJPY or GBPJPY NY: EURCAD, GBPCAD or CADJPY I always choose only 1 of these pairs per session and I program the AI (Experts) to open the operations 01 hour...
The answer is very simple
See ADRs for these pairs:
GBPAUD today 167 pips average of 20 days = 178 pips per day
GBPCAD today 153 pips average of 20 days = 168 pips per day
GBPJPY today 123 pips average of 20 days = 172 pips per day

At some point the pair will go somewhere 40 pips, so our entrance will close
  • #2,110
  • Jan 25, 2019 10:21am Jan 25, 2019 10:21am
EA performance from 21-01-2019 to 25-01-2019
Follow the Performace
Open a DEMO account on FXopen via the link:
https://fxopen.co.uk/?agent=5006272
Login = 120313911
Investor password = forex1x8
Server address = FXOpen-ECN Demo Server
email: [email protected]
skype: robinhocarneiro
Attached Image (click to enlarge)
Click to Enlarge Name: 21-01-2019 a 25-01 -2019.gif Size: 6 KB
  • #2,111
  • Feb 1, 2019 12:12pm Feb 1, 2019 12:12pm
Good afternoon
We are following EA in two different brokerages, and we noticed that we had slippage in FXopen, but we continue to follow, because the system is very good.

Follow the Performace
Open a DEMO account on FXopen via the link:
https://icmarkets.com/?camp=2415
Login = 10369763
Investor password = forex1x8
Server address = ICMarkets-Demo01

Follow the Performace
Open a DEMO account on FXopen via the link:
https://fxopen.co.uk/?agent=5006272
Login = 120313911
Investor password = forex1x8
Server address = FXOpen-ECN Demo Server
  • #2,112
  • Edited 4:10am Apr 13, 2019 4:00am | Edited 4:10am
Quoting Carneiro
Forex Market with Transparency and Effectiveness.
@Carneiro: I appreciate you transparency and the possibility to login into your accounts. But it would make it way easier to the people reading this if you would tell us also if something didn't work out as expected. As of effectiveness it seems like all of your accounts (demo and real) got wasted, and I'm really sorry for that. But if I read through your posts it leaves me with the impression that you have plenty of great, working strategies, and the only thing I would have to do is to sign-up through your Affiliate-Links. The combination of big promises and wasting all of your accounts but not telling anyone leaves a pretty bad impression. If you want to go for real tranparency, you should post also all the fails of your trading ideas. This could save the rest of us hundrets of hours of unnecesary research time

Attached Image (click to enlarge)
Click to Enlarge Name: Carneiro FXOpen 1502887.jpg Size: 214 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Carneiro ICMarkets 10369763.jpg Size: 213 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Carneiro ICMarkets 120313911.jpg Size: 201 KB
  • #2,113
  • Edited 3:52pm Apr 13, 2019 12:04pm | Edited 3:52pm
Although it's quite some time now since people where talking about it, I finally managed to make a landing page for the

Follow Last Candle EA


Like this it will be easier if anybody has a specific question about the EA itself, or to just see if there's a new version.
I also added a brief descripiton of all settings and will update it if something needs further explanations.
  • #2,114
  • Mar 20, 2021 5:31am Mar 20, 2021 5:31am
Quoting reteid2222
Nice work from Robinho....but only one trade is not much....better for other periods! And this would be a thing for a multi EA too! Greetings!
Did you pursue this idea and could you provide any updated on your experiment? Thanks
  • #2,115
  • Oct 31, 2021 9:10am Oct 31, 2021 9:10am
Quoting Robinho
{quote} Friend, I see you have not read anything of the topic. Look only to shut the D1 candle of the day. Once you see a new candle D1, unlike the previous one, changing the direction of the pair, enter the opening of the 2nd candle ... placing a pending order 20 pips vent to the side of the candle. A shame that every time I return here is for this, just explain the same thing. ANYONE MAKING ENTRIES. See the EURUSD picture would have won the 07 entries. I posted to place 100 pips Stop and 50 pips TP. Those who have time to manage the entries can...
please consider ppl with color blindness, the candle colors you chose in this EU chart are the same for them.... Unless you set the candle to same color ... arent you?
  • #2,116
  • Nov 1, 2021 12:47am Nov 1, 2021 12:47am
Quoting Erebus
{quote} I assume you are on demo; why not try something like this? Use a trailing stop, same as your target 10 pips If it makes 10 pips, same result If it runs away, much better result, every extra pip counts Nothing else changes, only opens the door for increase profits, right? {image}
When you use trailing stop how do you optimize the trail trigger, distance and step, I try various values (10, 10, 1), (15, 50, 1); (50,50,1);(50,100,1) on GU I seems to lose too much profit than when I would monitor M5 and cut the trade: My trade e.g. provides 80pips 90 pips, then when TSL closes it gives me around 50 to 62 best, some times only 45 to 49

Do you have experience or rule how to set the values betterr? I see you not always use this auto stop loss, but other too, MA related type, are they any better?
  • #2,117
  • Last Post: Mar 7, 2023 11:53am Mar 7, 2023 11:53am
@ Robinho......you have any more recent results..? this looks very promising.
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