New EA - Faith Based Trading

Note, the circled indicator is not mine but i found it here on FF. Great indicator for monitoring account health. Thanks to its creator whoever they may be. Awesome work!

NICE harvest overnight! Have a great weekend all!

Added ForexScotty FBT Trade Explorer for my live account with this strategy.

If anyone wants corroboration...

http://www.myfxbook.com/members/FXSc...scotty/3568871

Adjustments have been done. Now all my cards are on the table. Let's see what the future brings.

So you have this EA trading on all the pairs you backtested?

On my live account, I am trading EURUSD, GBPUSD, EURJPY, GBPJPY, EURAUD, EURCAD, GBPAUD,EURNZD, GBPCAD, and GBPNZD.

Same with the demo account as of a few days ago.

Back test only show the viability of the algorithm. Does not predict the future. But it was cool to see that the trade entry algorithm worked across the board. As mentioned, I am still working on the automated exit. But I am happy to close the trades myself which is why I am designing the dashboard to assist with that so that I can manage other traders accounts from my server.

But, let's see what the next few weeks bring. I am in no rush.

I want to see the real money account double. Then the "snowball" effect will begin. Account doubling over and over without martingale or hedging. Might take some manual labor. But, as long as I am making money on my account and being paid for the profit made for others... not a bad plan.

If this continues to be successful, what would everyone prefer? A PAMM account that can be invested in? Or an account that can be managed privately? Signals? Maybe all of the above.

I am sure everyone would like an EA. But, I have not found a suitable exit strategy yet that can be automated with results close to the manual closing with the Dashboard.

Added multiple accounts from different brokers to look for variances with spread and leverage.

https://www.myfxbook.com/members/FXScottyb

Please see previous posts. Thank you for stopping by.

I don't mean to sound rude, but I just answered that question on post 48.

Couple losses today. So far my worst day on live account is a -1.78% Loss versus my best day thus far at 23.9% Gain. Not bad R/R ratio.

It's not about individual trades, but overall account health.

I am currently trading EUR and GBP base pairs. According to MyFXbook analysis, the best results come on trade entries during the UK session. Makes sense. I will adjust my entry EA to those times and see how the results change.

Demo Account recovering after making entry and SL adjustments.

Live account doing ok. Had some offquotes errors and kept out of some trades. Working with coder to see how we can adjust for that.

I find it VERY interesting that the same strategy run on 6 different accounts can have such varying results. The GMT offset is the only major difference which results in different candle formations at different times throughout the day. I will be exploring this.

With such a difference in results from brokers with different GMT offsets which equate to the different entry points, I decided to look at time of day as a factor.

I threw the times on a spreadsheet and based on the results, I will adjust the losing accounts to more closely match the trading times of the winning accounts.



I am making an assumption here from backtests and watching live trading that brokers that have a GMT offset where the 4hr candle takes place prior to the UK market open have a higher chance of being caught in a reversal during the UK session from the ASIA session, where a trade placed after the UK market has been open has a higher chance of being in an established trend.

Even the live (account with losses this last week) shows that a mid session entry has best results with 80% winrate during UK session.

Adjustments made. Now we see what next week brings.

Have a great weekend!

Making a few tweaks to the EA monitoring times for trade entries for the 4 accounts on left to more closely resemble the 2 on the right.





All accounts are now set for UK session only.
LMFX Accounts are set to 4HR charts, OandA and TW are set to 1HR charts
IG and Forex.com are left alone. UK Session and 4 HR Charts.

New version coming out next week which will be used on 4HR Charts, but check for 4HR chart conditions on an hourly basis.

It's really disappointing that they made me a Commercial Member. I just tried to offer advice on another thread and I cannot post to threads where my input may be of value because I am a Commercial Member.

I did not ask to be a Commercial Member. I logged in one day and there it was. I am sure it is because I offered my designs for sale. Well, aren't we all here to make money on Forex? In whatever way our skill sets become valuable to some?

This is why I now keep my designs to myself on this forum. I don't like being isolated from the community. But I guess rules need to be followed.

Better. Still need some tweaking on Forex.COM