Hanging out the daily on the close line

Hi Guys
Still manual testing here. I don't always get the trades on daily close...work and all that.

Here are the results from start of thread and results since I limited the pairs to the list I posted earlier.

Chris

Another week.

Chris

Another week. Showing results from revised list (on page 3) from Feb. 4 to now.

Chris

loocking good,..,...soo you only trading the pairs wich was profitable in page 3,..???????

thank you,..you trading manual or with the ea,.??

Manual

I have noticed that the best time to close a winning trade may be after the NY open, the markets tend to retrace there positions towards the middle to end of NY open. A losing trade, however, may be best closed closer to EOD.

This idea is just an observation and does not always work out.

Chris

This week update, really not many trades at all this week.

Chris

Thank you cfudge.

I think, actually,

when close>open, and close=high, sell;

close<open, and close=low, buy.

correct?

If bull candle closes within 5 pips of high then sell

If bear candle closes within 5 pips of low then buy

New week but not much of a change, few trades small loss.

Chris

Yet another week.
Loss on thursday s trades of $21

Chris

This is the test results from Feb 04 to Apr 05

Chris

Another week another result graph.

Chris

A period of loss continues

Chris

Hello everyone,
I'm making a walk forward analysis with the EA programmed by jarin9 (basket)
The preliminary results are very good. I'll share the results when finished.
Thank you to all the contributiors.
Pedro.

I am off of this method for the time being...not panning out as planned. The problem for me is I can't get the trades in before EOD and the spreads after are not helping. Also, because I don't get home before the daily close fridays trades are sometimes in profit and then I have to close them in losses on Sunday.

Chris

Hi there

A long time since we heard from You. Are You still testing? Are the results still great?

Hello,
I've made a 10 years walk forward analysis and the EA "basket" shows very good results with the majors currencies.
I've not analyzed the crosses. The best mix is EUR, JPY and NZD.
There is no one set for all these 10 years, but the range of the differents parameters is:
Currency Timeframe SL TP Percent
EUR Weekly 500-1000 400-800 20-100
JPY Weekly 100-1000 200-1000 10-100
NZD Monthly 1500-2000 1100-5000 30-70

I'll start the demo trading next week with 10 different brokers. I'll post the results after 1-2 months
@jarin9 could you add a magic number in the EA as an extern parameter (MT4 version)? Thks!

Pedro.

Looks very great. I don't have capacity to help right now. So thank you pedrofx. An overview like the one that you gave us here has been missing.