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Follow the Candles

  • #101
  • Oct 24, 2019 2:14pm Oct 24, 2019 2:14pm
Quoting mrdfx
{quote} Hi bubincka, thank you for your time and effort. So just to clarify this EA will pick up the manually opened orders? As far as I know you can't add comments to manually opened orders?
Hi mrdfx,

NoNonSenseFX already answered your main question.
I want only to add that you can attach a comment to trades you open using a Script/Expert by OrderSend function and the EA will consider them as well.
Porta itineris dicitur longissima esse
  • #102
  • Oct 25, 2019 8:23am Oct 25, 2019 8:23am
Well the first week is over and its been a good one. Max pips recorded that I saw was a little over 200 pips which is pretty good for 1 weeks trading with little to no effort.

Next week I'll be using the EA to manage the orders, hopefully all goes well and its another profitable week! Cheers guys! :-)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-10-25 at 10.20.30.png Size: 61 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #103
  • Oct 25, 2019 12:14pm Oct 25, 2019 12:14pm
Quoting mrdfx
Well the first week is over and its been a good one. Max pips recorded that I saw was a little over 200 pips which is pretty good for 1 weeks trading with little to no effort. Next week I'll be using the EA to manage the orders, hopefully all goes well and its another profitable week! Cheers guys! :-) {image}
That is very encouraging.
  • #104
  • Oct 25, 2019 1:10pm Oct 25, 2019 1:10pm
My version of EA for you to play around starting next week, expire in one month. EA can run on any TF and one chart only. Sorry mrdfx if I step on your foot.
Attached File(s)
File Type: ex4 FollowcandleEA.ex4   58 KB | 583 downloads
  • #105
  • Oct 25, 2019 2:03pm Oct 25, 2019 2:03pm
Quoting mrdfx
Well the first week is over and its been a good one. Max pips recorded that I saw was a little over 200 pips which is pretty good for 1 weeks trading with little to no effort. Next week I'll be using the EA to manage the orders, hopefully all goes well and its another profitable week! Cheers guys! :-) {image}
Hello Mrdfx.

Very nice first week, for me max profit (200 pips) was achieved 6 - 8 hours after I opened my trades. I opened trades at 8:00pm Monday Oct. 21. Central time

U.S.A. GMT - 5:00. After that basket went into drawdown for rest of week. So maybe that is the strategy right there.
  • #106
  • Oct 25, 2019 2:04pm Oct 25, 2019 2:04pm
Quoting NoNonSenseFX
My version of EA for you to play around starting next week, expire in one month. EA can run on any TF and one chart only. Sorry mrdfx if I step on your foot. {file}
Thanks NoNonSenseFX, no worries if it works according the rules of the strategy.

My EA still needs to undergo forward testing for bugs before I upload it here.
Truth is like poetry. And most people f*cking hate poetry.
  • #107
  • Oct 25, 2019 2:07pm Oct 25, 2019 2:07pm
mrdx

In Post#43 you enter GBPUSD long ar 1.29639 (against your rules).
GBPUSD is down ca 140 pips.
And in Post # 102 you have a profit?

No idea about the other pairs as GBPUSD is first one I checked.

Can you explain this?

Bert
  • #108
  • Oct 25, 2019 2:11pm Oct 25, 2019 2:11pm
Quoting PipsRUs99
{quote} Hello Mrdfx. Very nice first week, for me max profit (200 pips) was achieved 6 - 8 hours after I opened my trades. I opened trades at 8:00pm Monday Oct. 21. Central time U.S.A. GMT - 5:00. After that basket went into drawdown for rest of week. So maybe that is the strategy right there.
Hi PipsRUs99, yes this week profit hit very fast, though most weeks of testing I noticed a peak normally around Wednesday before a retrace.

There were 3 weeks out of the 12 weeks of my testing where total profit peaked around Wednesday and then by Friday had retraced and were in DD, that's also something I'm looking at currently that if TP does not hit by Wednesday to perhaps close manually, but this needs more testing.
Truth is like poetry. And most people f*cking hate poetry.
  • #109
  • Oct 25, 2019 2:15pm Oct 25, 2019 2:15pm
Quoting bertpost
mrdx In Post#43 you enter GBPUSD long ar 1.29639 (against your rules). GBPUSD is down ca 140 pips. And in Post # 102 you have a profit? No idea about the other pairs as GBPUSD is first one I checked. Can you explain this? Bert
bertpost, GU was valid according to the rules if you check #43 you can see the indicator is showing green on all time frames. At the time of closing the basket GU was in profit.

#102 is showing the max high of the basket that I monitored this week, not the numbers today.
Truth is like poetry. And most people f*cking hate poetry.
  • #110
  • Oct 26, 2019 1:17pm Oct 26, 2019 1:17pm
[quote=mrdfx;12570918]Hey FF! So like myself many traders are reversal traders, always looking for tops and bottoms trying get in as early as possible, but we know that is not as easy as it seems and many times we land up with fake reversals or temporary pullbacks, chasing and adding to losing positions etc etc.. Now I'm sure most of us have heard the sayings that the "trend is your friend", "follow the trend" and "trade with the trend" etc

Nice thread. Subscribed.
  • #111
  • Oct 27, 2019 10:15am Oct 27, 2019 10:15am
Hi all.
Thank you Mrdfx for sharing your experience.
I like when things are simple, so I'm backtesting this strategy first on EURUSD pair from MT4 StrategyTester, since 2017.01.03 till now using my sample expert advisor.
I know backtesting is not the most precise method, but I just want to see how different input settings behave and see max DD with fixed limited TP in pips, entry time according to rules, forcing hard exit before Friday if there are still opened trades and so on.
Next step will be constructing a portfolio of currency pairs and test live on a demo account.
For trade report I use the last customized version of indi which can show also the last closure's datetime for each pair.
Regards,
Paolo
Attached File(s)
File Type: ex4 TradeReport_compact - v.1.04.ex4   124 KB | 653 downloads
Discipline and winning attitude
  • #112
  • Oct 27, 2019 1:56pm Oct 27, 2019 1:56pm
Quoting Paolino
Hi all. Thank you Mrdfx for sharing your experience. I like when things are simple, so I'm backtesting this strategy first on EURUSD pair from MT4 StrategyTester, since 2017.01.03 till now using my sample expert advisor. I know backtesting is not the most precise method, but I just want to see how different input settings behave and see max DD with fixed limited TP in pips, entry time according to rules, forcing hard exit before Friday if there are still opened trades and so on. Next step will be constructing a portfolio of currency pairs and test...
What is your findings from your backtesting?
  • #113
  • Oct 27, 2019 6:07pm Oct 27, 2019 6:07pm
Quoting mrdfx
{quote} The indicator looks at the current candle not previous closed candle.
Looking at the current candle does not seem to be very helpful as that candle can close bearish or bullish. So it's a 50/50% guess.
  • #114
  • Oct 27, 2019 10:23pm Oct 27, 2019 10:23pm
Quoting NoNonSenseFX
My version of EA for you to play around starting next week, expire in one month. EA can run on any TF and one chart only. Sorry mrdfx if I step on your foot. {file}
Bug fixed for profit calculation.
Attached File(s)
File Type: ex4 FollowcandleEA.ex4   58 KB | 663 downloads
  • #115
  • Oct 28, 2019 12:01am Oct 28, 2019 12:01am
Quoting NoNonSenseFX
{quote} Bug fixed for profit calculation. {file}
Attached EA trade according to strategy or its only for take basket profit?

back testing no result, details explanation please
  • #116
  • Oct 28, 2019 12:04am Oct 28, 2019 12:04am
Quoting munna00
{quote} Attached EA trade according to strategy or its only for take basket profit? back testing no result, details explanation please
it is for forward testing according to the rules.
  • #117
  • Oct 28, 2019 1:48am Oct 28, 2019 1:48am
Quoting NoNonSenseFX
{quote} it is for forward testing according to the rules.
EA placed only trade once in backtest in very first day after than no trade in full year?
  • #118
  • Oct 28, 2019 8:13am Oct 28, 2019 8:13am
Quoting NoNonSenseFX
{quote} What is your findings from your backtesting?
I am only at the beginning of test session.
Testing tick by tick on MT4 datasource logic is not the best approach, so initial results are discordant and limited but encouraging.
Discipline and winning attitude
  • #119
  • Oct 28, 2019 9:34am Oct 28, 2019 9:34am
Quoting ozziedave
{quote} Looking at the current candle does not seem to be very helpful as that candle can close bearish or bullish. So it's a 50/50% guess.
Clearly you have not paid attention to the first post not grasped the methodology of the strategy.
Truth is like poetry. And most people f*cking hate poetry.
  • #120
  • Oct 28, 2019 12:21pm Oct 28, 2019 12:21pm
All systems check and ready to go.

Lets all hope for another profitable week!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-10-28 at 14.19.49.png Size: 171 KB
Truth is like poetry. And most people f*cking hate poetry.
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