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Tea Cups Strategy

  • #1
  • First Post: Sep 9, 2018 2:13pm Sep 9, 2018 2:13pm
Hello guys,

I want to test this strategy and I made an EA in a website but I'm not a programmer, so I want to know if a programmer can create an EA with the correct rules please.


Here the strategy:

We will looking for 3 kind of candles and ONLY we will looking for SELL LIMIT, ONLY SELL LIMIT!!!!!!!!

FIRST CANDLE

The first candle need to be GREEN or BULLISH CANDLE, don't worry about the size, only green.

SECOND CANDLE

The second one need to be RED or BEARISH, don't worry about the size, only red.

THIRD CANDLE

The last one need to be another RED or BEARISH, but in this case, the LOW or the third candle need to break the low of the second candle.

Here the perfect set up:

Attached Image (click to enlarge)
Click to Enlarge Name: Sin título.png Size: 34 KB


After the set up, we place a SELL LIMIT in the open of the second candle and leave the order there until the price touch the order and move. ONLY ONE ORDER PER CURRENCY.

We only trade in H1, H4 and Daily and we use this TP and SL:

H1 TP 25, SL 30
H4 TP 50, SL 30
D TP 75, SL 30

We use two EMA's, EMA 50 and EMA 4.

If the PRICE is above EMA 50 the trend is bullish so we don't search for tea cups or the probability to win will be low. This ema is only to see the trend.

If the EMA 4, cross the EMA 50 from down to up, and we have a pending order or a working trade, we close immediately the order.

THIS STRATEGY IS NOT MINE, BUT THE GUY THAT GIVE TO ME IS VERY PROFITABLE NOW USING THIS SYSTEM.

Please, can an programmer do this rules in a EA to test this, and with the option of take each tea cup per trend please.
  • #2
  • Sep 9, 2018 3:59pm Sep 9, 2018 3:59pm
I ran a few tests but it doesn't appear to be a profitable system. May I suggest you download some FX data into a spreadsheet and spend an hour or two to look at the rules you posted.
  • #3
  • Sep 9, 2018 4:11pm Sep 9, 2018 4:11pm
Quoting mbrown
I ran a few tests but it doesn't appear to be a profitable system. May I suggest you download some FX data into a spreadsheet and spend an hour or two to look at the rules you posted.

hello mbrown

Can you share the EA please? I want to know if the EA works correctly with the rules.

thank you.
  • #4
  • Sep 9, 2018 4:24pm Sep 9, 2018 4:24pm
Quoting Invermac
{quote} hello mbrown Can you share the EA please? I want to know if the EA works correctly with the rules. thank you.

Sorry. I didn't even bother to save it. Look, the rules are very straightforward as per your post above. It won't take long to do again but I really think you should actually download a little data in a spreadsheet so you can see. That won't take you long either.
  • #5
  • Sep 9, 2018 4:34pm Sep 9, 2018 4:34pm
Quoting mbrown
{quote} Sorry. I didn't even bother to save it. Look, the rules are very straightforward as per your post above. It won't take long to do again but I really think you should actually download a little data in a spreadsheet so you can see. That won't take you long either.

Ok, thank you for your help, have a nice day.
  • #6
  • Sep 9, 2018 5:18pm Sep 9, 2018 5:18pm
Quoting mbrown
I ran a few tests but it doesn't appear to be a profitable system. May I suggest you download some FX data into a spreadsheet and spend an hour or two to look at the rules you posted.
Same here; run few tests; and even *tried* different stop loss, and trailing etc.

no success. it's a failed system

your friend is pulling your legs.
Attached Images
  • #7
  • Sep 9, 2018 5:29pm Sep 9, 2018 5:29pm
Quoting alphadude
{quote} Same here; run few tests; and even *tried* different stop loss, and trailing etc. no success. it's a failed system your friend is pulling your legs. {image} {image}


My friend is working with this strategy and he made a lot of money, I just want to test for my self before take action in real account and maybe leave the EA working 24/5
  • #8
  • Sep 9, 2018 5:41pm Sep 9, 2018 5:41pm
Quoting Invermac
{quote} My friend is working with this strategy and he made a lot of money, I just want to test for my self before take action in real account and maybe leave the EA working 24/5
what pair is he trading?

is he discretionary trader or EA?
  • #9
  • Sep 9, 2018 5:42pm Sep 9, 2018 5:42pm
Quoting Invermac
{quote} My friend is working with this strategy and he made a lot of money, I just want to test for my self before take action in real account and maybe leave the EA working 24/5
Maybe the best thing to do first is to look at your friends historical trades and stats on his live account. If it's true then by all mean go ahead and test it on a live account. If he won't show you his live stats, then.. maybe he is pulling your legs
  • #10
  • Sep 9, 2018 5:46pm Sep 9, 2018 5:46pm
Quoting alphadude
{quote} what pair is he trading? is he discretionary trader or EA?

This strategy works in all pairs, because some times it takes several days for open the pending limit if we use H4 or daily so he only see the Tea cup and put the pending sell.

He trades discretionary.
  • #11
  • Sep 9, 2018 5:50pm Sep 9, 2018 5:50pm
Quoting DojiSan
{quote} Maybe the best thing to do first is to look at your friends historical trades and stats on his live account. If it's true then by all mean go ahead and test it on a live account. If he won't show you his live stats, then.. maybe he is pulling your legs


I will test in demo for one week, I already seen his historic trades and it's amazing, that's why I want the EA to test if this system works 24/7. My friend takes the trades each time when he find the set up, he don't trade any session time, he just avoid the big news
  • #12
  • Sep 9, 2018 5:57pm Sep 9, 2018 5:57pm
nice technique, but it is not strong enough to face the market in certain condition my friend.
So far so good, just a bit more development.
Profit growth tells you the trader ability.
  • #13
  • Sep 9, 2018 6:02pm Sep 9, 2018 6:02pm
Quoting Invermac
{quote} This strategy works in all pairs, because some times it takes several days for open the pending limit if we use H4 or daily so he only see the Tea cup and put the pending sell. He trades discretionary.
Nah! he is pulling your legs unintentionally.

discretionary trading is not that straight forward. when someone gives you rules that are traded discretionary; there are many *hidden* subjective rules that are not discussed; or the trader not even know it.

it is not easy transition from discretionary strategy to EA.

Here is a better simple system:
- At begining of day; Buy when previous Day candle is red candle
- SL 30 pips
- Close position at end of day

try it on EURUSD. It is very simple system; it works; with this very simple rule.

attached is a backtest from 2011-present day. the equity curve is in Pips
Attached Image (click to enlarge)
Click to Enlarge Name: trd-9.jpg Size: 431 KB
  • #14
  • Sep 9, 2018 6:04pm Sep 9, 2018 6:04pm
Quoting Invermac
{quote} I will test in demo for one week, I already seen his historic trades and it's amazing, that's why I want the EA to test if this system works 24/7. My friend takes the trades each time when he find the set up, he don't trade any session time, he just avoid the big news
if you are serious sure your friend will give also his money management and how he manage his position after you get all of that better to try strategy by yourself on cent account with one or 2$ and one week it's not serious period to judge on something
  • #15
  • Sep 9, 2018 6:51pm Sep 9, 2018 6:51pm
Quoting alphadude
{quote} Nah! he is pulling your legs unintentionally. discretionary trading is not that straight forward. when someone gives you rules that are traded discretionary; there are many *hidden* subjective rules that are not discussed; or the trader not even know it. it is not easy transition from discretionary strategy to EA. Here is a better simple system: - At begining of day; Buy when previous Day candle is red candle - SL 30 pips - Close position at end of day try it on EURUSD. It is very simple system; it works; with this very simple rule. attached...


Hehehe looks good
  • #16
  • Oct 21, 2019 7:24am Oct 21, 2019 7:24am
Quoting alphadude
{quote} Nah! he is pulling your legs unintentionally. discretionary trading is not that straight forward. when someone gives you rules that are traded discretionary; there are many *hidden* subjective rules that are not discussed; or the trader not even know it. it is not easy transition from discretionary strategy to EA. Here is a better simple system: - At begining of day; Buy when previous Day candle is red candle - SL 30 pips - Close position at end of day try it on EURUSD. It is very simple system; it works; with this very simple rule. attached...

thanks brother..so glad i found this..results are excellent in my first day..i will continue to test this ..i will update you..ciao!!
  • #17
  • Oct 22, 2019 9:15am Oct 22, 2019 9:15am
Unique strategy. Subscribed for next test. Thanks
  • #18
  • Last Post: Oct 23, 2019 6:27pm Oct 23, 2019 6:27pm
Does anybody have an indicator for this price action pattern?
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