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Simple H4 Mobile Trading System

  • #1,581
  • Nov 26, 2018 11:13am Nov 26, 2018 11:13am
Hello can also use the morning / evening star candy formation?
  • #1,582
  • Nov 26, 2018 11:42am Nov 26, 2018 11:42am
Quoting cyberecoder
{image} {image} Hi Everyone, I couldn't resist simplicity of this idea, which is very EA friendly. I wrote an EA for who don't want to watch the screens. It took me 20 day cause I m an amateur programmer... Anyway thank you for your brilliant idea: Owner of the thread! Here my 8 month test which has very precise tickdata used from swiss bank sourced data provider. It is promising but EA is not fully ready to use on Real Account. I hope you don't mind I am sharing it in here, I thought to open new thread but trading method is not mine so it would...
EA freezing when running back test
Mavura Return This Week: na
  • #1,583
  • Nov 26, 2018 12:50pm Nov 26, 2018 12:50pm
All this wasted energy messing about with EA's.
Gone to a better place
  • #1,584
  • Nov 26, 2018 12:52pm Nov 26, 2018 12:52pm
Quoting fxlrich
2018 Back tests so far for anyone thats interested GBPNZD - 83 trades (64% win rate, 1493 pips total) GBPUSD - 67 trades (70% win rate, 2075 pips total) EURUSD - 68 trades (70% win rate, 1281 pips total) My rules that were backtested... -SL 5 pips above or below engulfing -no trades taken if stop loss +100 pips -1 position open at a time... didn't enter engulfing candles if a trade was already active. -major s/r placed on Weekly chart.. didn't buy into resistance or sell into support.. pretty simple. -engulfing must closes above/below 61.8 fib level,...
Good work. Was this manual testing?
Gone to a better place
  • #1,585
  • Nov 26, 2018 3:26pm Nov 26, 2018 3:26pm
Quoting smikester
{quote} Good work. Was this manual testing?
yes went back to start of 2018 and tested 1 bar at a time.
  • #1,586
  • Nov 26, 2018 3:27pm Nov 26, 2018 3:27pm
Quoting WDaouFx
{quote} Hey ! thx for sharing...was the Backtest made on daily or 4h? thanks
was all done on the 4hr
  • #1,587
  • Nov 26, 2018 4:09pm Nov 26, 2018 4:09pm
Hello Cyberecoder. I am new to this forum and have been doing some trial testing since Thursday.. Please may I request you to kindly share the EA that you have created (updated version please), so that I can also test the strategy using the EA, especially for the trade management. Thanks heaps in advance.

Quoting cyberecoder
{quote} Hi. First of all thank you for your post and of course you are welcome to make any suggesttions... I checked it works. You shouldn't open the file directly. Copy and paste it into MQL4 experts folder. Then restart your terminal. You will see at the left of the screen under experts section. Then you should allow all live trading so EA can work. Hope this helps.
  • #1,588
  • Nov 26, 2018 7:44pm Nov 26, 2018 7:44pm
current trades
eurnzd +45 pips, risk free
nzdcad +15
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
Click to Enlarge Name: Screenshot2.png Size: 56 KB
  • #1,589
  • Nov 26, 2018 9:52pm Nov 26, 2018 9:52pm
Quoting fxlrich
current trades eurnzd +45 pips, risk free nzdcad +15 {image} {image}
my broker shows different candle.. sigh...

USDCHF and AUDJPY hit SL, NZDUSD hit TP
so far = 7 days, 11 wins 8 loses, +191 pips
Okay... sorry about my messed up English Tenses
  • #1,590
  • Nov 26, 2018 10:47pm Nov 26, 2018 10:47pm
Quoting fxlrich
{quote} was all done on the 4hr
Hi
I have a question about your back tests. Did you move your SL to BE after 150?
  • #1,591
  • Nov 26, 2018 11:29pm Nov 26, 2018 11:29pm
Quoting Dmtr
{quote} Hi I have a question about your back tests. Did you move your SL to BE after 150?
Yes moved SL to fib level 1.0 so the top or bottom of entry candle, once price touched fib level 1.50
  • #1,592
  • Nov 26, 2018 11:30pm Nov 26, 2018 11:30pm
Quoting fxlrich
current trades eurnzd +45 pips, risk free nzdcad +15 {image} {image}
EURNZD SL hit +5pips
  • #1,593
  • Nov 26, 2018 11:36pm Nov 26, 2018 11:36pm
Current trades running now also...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2018-11-27-13-34-19.png Size: 217 KB
Click to Enlarge Name: Screenshot_2018-11-27-13-34-09.png Size: 216 KB
Click to Enlarge Name: Screenshot_2018-11-27-13-33-33.png Size: 221 KB
We're not here to be right, we're here to Profit Consistently!
  • #1,594
  • Nov 27, 2018 12:09am Nov 27, 2018 12:09am
Hello fxlrich. It appears that the price retraced at previous resistance on H4 chart and was also close to the upper Bollinger Band.. Another thing that I have observed on some of the losing trades is that the price goes midway between Fib level 161.8 and 200 before it retraces in some of the instances.. Would also like to mention that the NZDCAD trade was perhaps not per rules.. The engulfing candle did not create a higher high. Not sure if I am missing something here. Just learning and pretty new to this forum. Just thought I should share my thoughts. Good luck

Quoting fxlrich
{quote} EURNZD SL hit +5pips
  • #1,595
  • Nov 27, 2018 1:54am Nov 27, 2018 1:54am
Quoting ranilo.vince
Current trades running now also... {image} {image} {image}
SL hit on CHFSGD but closed manually XAUEUR & XAUUSD for small profits..

Did not had time to post the other trades coz it hit my TP right away just a few minutes once Frankfurt Opened...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BDDECBAF-9901-4AB4-ADE9-E6F0FA81917F.png Size: 164 KB
Click to Enlarge Name: B03E1D73-6447-4E5A-828D-A7B374BD2775.png Size: 161 KB
We're not here to be right, we're here to Profit Consistently!
  • #1,596
  • Nov 27, 2018 3:48am Nov 27, 2018 3:48am
Quoting ranilo.vince
{quote} SL hit on CHFSGD but closed manually XAUEUR & XAUUSD for small profits.. Did not had time to post the other trades coz it hit my TP right away just a few minutes once Frankfurt Opened... {image} {image}

Not all of these trades in the list are taken with engulfing candles right?

What other trigger are you using to enter these trades?
  • #1,597
  • Nov 27, 2018 5:09am Nov 27, 2018 5:09am
Quoting Ausitrader
Hello fxlrich. It appears that the price retraced at previous resistance on H4 chart and was also close to the upper Bollinger Band.. Another thing that I have observed on some of the losing trades is that the price goes midway between Fib level 161.8 and 200 before it retraces in some of the instances.. Would also like to mention that the NZDCAD trade was perhaps not per rules.. The engulfing candle did not create a higher high. Not sure if I am missing something here. Just learning and pretty new to this forum. Just thought I should share my thoughts....
yes price was in a pretty tight 4hr range, so i put that trading on just a a test to see if price was ready to yet to break out of the range, which obviously it wasn't but i don't really mind i didn't lose any money.
I don't think your looking at the right candle for the nzdcad trade. the candle i entered on is the one the fib tool is drawn on, which is a valid bearish outside bar, making a higher high and lower low then the previous candle.
  • #1,598
  • Nov 27, 2018 5:33am Nov 27, 2018 5:33am
Quoting fxlrich
current trades eurnzd +45 pips, risk free nzdcad +15 {image} {image}
Pls how do you get your fibonnaci readins to come out this way? Is this phone or laptop?
  • #1,599
  • Nov 27, 2018 5:37am Nov 27, 2018 5:37am
EURAUD hit SL...

new trade EURUSD, EURJPY, USDCAD

8 days, 11 wins 9 loses +130 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.mH4.png Size: 43 KB
Click to Enlarge Name: EURJPY.mH4.png Size: 54 KB
Click to Enlarge Name: USDCAD.mH4.png Size: 47 KB
Okay... sorry about my messed up English Tenses
  • #1,600
  • Nov 27, 2018 6:20am Nov 27, 2018 6:20am
Thanks for clarifying..
Quoting fxlrich
{quote} yes price was in a pretty tight 4hr range, so i put that trading on just a a test to see if price was ready to yet to break out of the range, which obviously it wasn't but i don't really mind i didn't lose any money. I don't think your looking at the right candle for the nzdcad trade. the candle i entered on is the one the fib tool is drawn on, which is a valid bearish outside bar, making a higher high and lower low then the previous candle.
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