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Simple H4 Mobile Trading System

  • #2,521
  • Jun 9, 2019 5:15am Jun 9, 2019 5:15am
hi again. i have modify the EA with an RSI . the EA only buys if it is under the overbought limit and sells if it is above the oversold limit. i think is better for filtered the bad trades
Attached File(s)
File Type: mq4 meinerEngulfTest 1.2.mq4   23 KB | 659 downloads
  • #2,522
  • Jun 10, 2019 2:27am Jun 10, 2019 2:27am
Quoting Ivanyo
NZDCAD {image} EURNZD {image}
Hi Ivanyo.. Really nice charts.. If you don't mind, is it possible for you to share your template (and any specific indicator that enables only the respective engulfing candles to get highlighted in colour). Cheers !
  • #2,523
  • Jun 13, 2019 1:48am Jun 13, 2019 1:48am
Quoting cmcf3888
Hey everyone, I've just registered to post this. I love the simplicity of this strategy and the effectiveness. I've done a few modifications though and back tested it myself and the results are promising. Basic principles are the same as the OP. Moving average 30 ect. My rules of entry though aren't exactly the same. I only enter on an engulfing candle only if it's the opposite color of the previous candle, for example enter on a bearish engulfing candle only if the previous was bullish and visa versa. I draw my fibs from the highest/lowest point...
Hello buddy, glad to see your sharing here. One question regarding your modification is that, do you count the legs/wicks of the candles when spotting for an engulfing pattern? Or do you look only at the body of the candles?
  • #2,524
  • Jul 10, 2019 8:02pm Jul 10, 2019 8:02pm
Quoting degu35
hi again. i have modify the EA with an RSI . the EA only buys if it is under the overbought limit and sells if it is above the oversold limit. i think is better for filtered the bad trades{file}
“all positions” ？
  • #2,525
  • Jul 12, 2019 6:05am Jul 12, 2019 6:05am
Hi everyone, so I started reading this thread, haven't gone through all the pages far from it, but still there's something that needs to be cleared up for me. As the rules are very simple and straightforward, I tested them in an EA that I made, and ran some backtests on different pairs. Always stuck to the H4 timeframe. Ran the tests for the past 5 years. And the results have been disastrous. I mean most of the time it's not even close.
Here are the results I got from 2015 - 2019:
EURUSD : +3%, with a -15% max DD
AUDUSD : -34.5%, with a -41% max DD
USDCHF : +8.2%, -13% max DD. The results were very inconsistent over the years (lots of big whipsaws in equity curve).
GBPUSD : +40%, -12.7% DD. Best result.
USDJPY : -31%, -38%DD.
USDCAD : -17.7%, -20.6%DD.
EURGBP : -18.5%, 25%DD. But has been loosing money since December 2017.
NZDJPY : +5.6%, 11% DD.
NZDUSD : -7%, -20%DD.

As you see, those results are pretty poor, especially for a 4.5 year period. So it makes me think 2 things:
- Either you guys haven't done some proper backtesting and think (rather, hope) that this is a winning strategy but will gradually lose money if applying it.
- There is more to the simple rules stated in the first post, and with other rules you end up filtering most of the losing trades.

So there you go, I'm not attacking anyone or trying to troll, but you have to admit the backtest results speak for themselves.
  • #2,526
  • Jul 16, 2019 11:26pm Jul 16, 2019 11:26pm
This system simply doesn´t work, easy as that. It´s the same like most other systems here. If you follow the rules, it will lose money, as your backtest shows already. The reason why this seems to be profitable here, is because traders only post their winning trades, so called cherry picking and thats the whole reason this "looks" profitable. None of these traders has shown a longer term live account for this strategy yet and that is because exactly that reason! If you ask them to do so, there is always excuses, like that they do not need to proof anything, blah blah blah... Really sorry to have no better news.
  • #2,527
  • Jul 30, 2019 12:08pm Jul 30, 2019 12:08pm
Quoting AgeTrader
Noticed a bug as it wasnt catching the EURCHF candle. Update attached. {file}
Can you please share the mq4 file?
Thanks.
  • #2,528
  • Aug 1, 2019 4:10am Aug 1, 2019 4:10am
Please show me if I made mistake?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-08-01-13-09-33-972_net.metaquotes.metatrader4.png Size: 137 KB
  • #2,529
  • Sep 25, 2019 12:03pm Sep 25, 2019 12:03pm
I still testing on this strategy but not every day and every bar like initially i intended to. So this experiment lost its credibility and transparency. Thats the reason i did not update anymore. Because now i trade for leisure.

Like i said in first post. This is a forward test experiment and try it at your own risk. I did not even said it is a proven win strategy.

As you can see my fund is almost back to my initial capital, some factors may be over trading, trading too many pairs, or even loopholes in this strategy. I am still experimenting and observing. So for beginner i suggest trading no more than 5pairs if you want to try.

So fret not i am not posting not because i am in losing due to strategy. I am just trading for leisure and my results are not big enough to give data for this strategy.

No matter what trade safe.

Green pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 9D385507-690C-47B5-AAF4-ED675F207C0C.png Size: 324 KB
Click to Enlarge Name: 16BC8C8B-2353-4961-A177-C3896BB6CF20.png Size: 246 KB
  • #2,530
  • Sep 25, 2019 12:08pm Sep 25, 2019 12:08pm
Its demo our real acc results ?
  • #2,531
  • Sep 26, 2019 4:11am Sep 26, 2019 4:11am
Quoting hzs10
I still testing on this strategy but not every day and every bar like initially i intended to. So this experiment lost its credibility and transparency. Thats the reason i did not update anymore. Because now i trade for leisure. Like i said in first post. This is a forward test experiment and try it at your own risk. I did not even said it is a proven win strategy. As you can see my fund is almost back to my initial capital, some factors may be over trading, trading too many pairs, or even loopholes in this strategy. I am still experimenting and...
Hi hzs

Good to see you return. the experiment hasnt lost its creditability. Do you have statistics which may help you to refine the strategy - I think its a 50/50 strategy

Thanks
  • #2,532
  • Nov 7, 2019 12:52am Nov 7, 2019 12:52am
I found this strategy to be quite interesting so I have coded a indicator to simplify the strategy and also to scan all the currency pairs.
I posted in the 'old' thread as well.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 118 KB
Attached File(s)
File Type: mq4 des_engulf_indi.mq4   15 KB | 814 downloads
  • #2,533
  • Nov 7, 2019 12:56am Nov 7, 2019 12:56am
yesterday I traded loosely on the rules on the 1 hour , on every currency that gave me a signal from my indicator , set the sl and tp as per the fibo 150 and did not touch the trades after that , and here are the results.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture_engulf_1.JPG Size: 147 KB
  • #2,534
  • Nov 7, 2019 6:04am Nov 7, 2019 6:04am
Quoting buju
I found this strategy to be quite interesting so I have coded a indicator to simplify the strategy and also to scan all the currency pairs. I posted in the 'old' thread as well. {file} {image}
Hi BUJU,

can you please let us know how to take trades on which indicator , how to put TP and SL looking at the indicator.

Very good job done
  • #2,535
  • Nov 7, 2019 6:17am Nov 7, 2019 6:17am
after you get the signal and have opened the trade , Im trading on 1 hour charts
place the stop loss at 0.0 fibo and take profit at 150 or higher fibo ( I have been using 150)

today I have been managing the trades like putting on trailing stops etc and am getting a good win rate


in the screen shot provided it does not look like my original indi anymore , as I have added some more experimental stuff , like emerging engulfing bars and Im still perfecting and testing it.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 91 KB
  • #2,536
  • Edited 7:27am Nov 7, 2019 7:17am | Edited 7:27am
Quoting buju
I found this strategy to be quite interesting so I have coded a indicator to simplify the strategy and also to scan all the currency pairs. I posted in the 'old' thread as well. {file} {image}
Many thanks for this indicator. It solves a lot of headaches. Making an EA out of this will be great for proper management of trades and also a backtest to check the profitability on the long term. Well done @ buju!
  • #2,537
  • Nov 7, 2019 1:11pm Nov 7, 2019 1:11pm
today's results , some of the trades where also done on the 15 chart
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 80 KB
  • #2,538
  • Nov 7, 2019 1:16pm Nov 7, 2019 1:16pm
Quoting buju
today's results , some of the trades where also done on the 15 chart {image}
Wow, 57 trades today alone?
  • #2,539
  • Nov 7, 2019 4:22pm Nov 7, 2019 4:22pm
Quoting buju
today's results , some of the trades where also done on the 15 chart
did u take the post by ea ?
  • #2,540
  • Nov 7, 2019 8:25pm Nov 7, 2019 8:25pm
Quoting laharjaya
{quote} did u take the post by ea ?
most likely
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