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Follow the Candles

  • #481
  • Dec 11, 2019 2:20pm Dec 11, 2019 2:20pm
Thanks Mrdfx for the great ea,

I have been looking for better entries and so far what I have found is using weekly pivots as entry areas. If your Ea, says on Monday there is a good buy trade for instance, I wont enter right away. I will wait for price to come back below the weekly pivot on the 4 hour chart and touch any of the support levels and then enter long on the close of the candle as long as it hasnt broken and closed below that support. If it has broken and closed below the previous support then I look to enter on the next support level as long as the 4 hour candle closes above it after it has been touched.

Sometimes on the 4 hour chart price will close below that support level that it broke and then not reach the next support level. In this case, I would wait for price to close back above the previous support and then enter long I thought maybe this would be easy to enter into the EA as it is a simple indicator and catches the retracements. Just an idea but seems to work well. Been testing it manually.

Cheers
  • #482
  • Dec 11, 2019 3:28pm Dec 11, 2019 3:28pm
Quoting bigpipin1
Thanks Mrdfx for the great ea, I have been looking for better entries and so far what I have found is using weekly pivots as entry areas. If your Ea, says on Monday there is a good buy trade for instance, I wont enter right away. I will wait for price to come back below the weekly pivot on the 4 hour chart and touch any of the support levels and then enter long on the close of the candle as long as it hasnt broken and closed below that support. If it has broken and closed below the previous support then I look to enter on the next support level...
To add to what I was saying, you could also use the daily pivot and use the 4 hour entry the same way I have listed the the use of the weekly pivot. The daily may be better as the pivots are closer together and may get you in earlier then waiting for a deep retrace. Something to test and consider.
  • #483
  • Dec 11, 2019 7:53pm Dec 11, 2019 7:53pm
This is a free pivots indicator that I use that was on FF, its not mine so please dont ask if I can change anything on it.
Attached File(s)
File Type: ex4 Nostromo_Pivots_V2.ex4   99 KB | 413 downloads
  • #484
  • Dec 12, 2019 1:50am Dec 12, 2019 1:50am
Does someone have a setfile or an explanation on how the settings work exactly? I am kind of confused.
  • #485
  • Dec 12, 2019 3:01am Dec 12, 2019 3:01am
Quoting tuxTrader
{quote} It's the sixth consecutive week with profit: {image} thank you mrdfx
Hi Tuxtrader..
Well done for your results so far..
Btw, what is you EA settings ?
Thanks..
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #486
  • Edited 6:23am Dec 12, 2019 5:56am | Edited 6:23am
Quoting Shakka
{quote} Hi Tuxtrader.. Well done for your results so far.. Btw, what is you EA settings ? Thanks..
Hi. This is my settings, the rest is default:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB

Be Careful about "Use Trailing Stop" option. it has a bug in version 1.3, after enabling it, when you close and reopen MT4, the EA closes all opened trades automatically. It's OK if you don't close your mt4 or Simply Don't enable it yet. It's supposed to be resolved in the next release.
  • #487
  • Dec 12, 2019 8:01am Dec 12, 2019 8:01am
Quoting tuxtrader
{quote} it's the sixth consecutive week with profit: {image} thank you mrdfx
hello name indicator ? Thx
  • #488
  • Dec 12, 2019 11:19am Dec 12, 2019 11:19am
Quoting R2Dement
{quote} hello name indicator ? Thx
TradeReport
  • #489
  • Dec 12, 2019 1:12pm Dec 12, 2019 1:12pm
Quoting tuxTrader
{quote} Hi. This is my settings, the rest is default: {image} Be Careful about "Use Trailing Stop" option. it has a bug in version 1.3, after enabling it, when you close and reopen MT4, the EA closes all opened trades automatically. It's OK if you don't close your mt4 or Simply Don't enable it yet. It's supposed to be resolved in the next release.
It also closes position if you reopen the expert and klick ok (without reopen MT4).
  • #490
  • Dec 12, 2019 4:40pm Dec 12, 2019 4:40pm
Quoting kofix11
{quote} It also closes position if you reopen the expert and klick ok (without reopen MT4).
I am unable to replicate this. Please make sure you have the latest version.
Truth is like poetry. And most people f*cking hate poetry.
  • #491
  • Dec 12, 2019 10:09pm Dec 12, 2019 10:09pm
Quoting tuxTrader
{quote} Hi. This is my settings, the rest is default: {image} Be Careful about "Use Trailing Stop" option. it has a bug in version 1.3, after enabling it, when you close and reopen MT4, the EA closes all opened trades automatically. It's OK if you don't close your mt4 or Simply Don't enable it yet. It's supposed to be resolved in the next release.
And what broker do you use ?
Thx..
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
  • #492
  • Dec 13, 2019 2:10am Dec 13, 2019 2:10am
Quoting Shakka
{quote} And what broker do you use ? Thx..
FXTM... but the results is not related to broker definitely. i described the most important factor here.
  • #493
  • Dec 13, 2019 3:16pm Dec 13, 2019 3:16pm
[quote = tuxTrader; 12661326] {quote}

Hi i have question do you have or using SL ? yes/no how many pips
  • #494
  • Dec 14, 2019 2:21am Dec 14, 2019 2:21am
Quoting R2Dement
[quote = tuxTrader; 12661326] {quote} Hi i have question do you have or using SL ? yes/no how many pips
My EA settings clearly answers your question...
  • #495
  • Dec 15, 2019 9:02pm Dec 15, 2019 9:02pm
Having read this thread late, I thought I'd try it on a demo account last Thursday.

Out of 11 trades that showed up on Thurs, after NY opened, only 3 trades made losses by Friday, and that was because price almost reached my TP and turned back.

Used Weekly Pivots as TP points.

Just one day of tests, but perhaps really doable as a daily thing? Need more tests and confirmations.
  • #496
  • Dec 16, 2019 6:33am Dec 16, 2019 6:33am
Hey guys hope you all had a great weekend!

Please see attached a new version 1.4!

In this version we fixed a small bug where the EA would close active orders if/when the terminal was shut down or restarted, and if/when the EA was removed from the chart. This is now the most current and bug free version until someone picks up something.

As always please test on demo first if you will use this EA until I have confirmed it is 100% working. Thanks!

Post 1 updated!
Attached File(s)
File Type: ex4 Follow The Candles EA.ex4   232 KB | 352 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #497
  • Dec 16, 2019 4:21pm Dec 16, 2019 4:21pm
[quote=mrdfx;12664486]
THX
  • #498
  • Dec 16, 2019 7:04pm Dec 16, 2019 7:04pm
This week's basket with only 4 pairs, a pretty slow week it seems like..

Lets see how it goes!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2019-12-16 at 22.01.25.png Size: 41 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #499
  • Dec 16, 2019 7:29pm Dec 16, 2019 7:29pm
Quoting mrdfx
This week's basket with only 4 pairs, a pretty slow week it seems like.. Lets see how it goes! {image}
Just started running the EA, but separately going to manually trade daily based mostly on the rules to test.

I remember reading you were also testing day trading using the rules. How're your tests coming along?
  • #500
  • Dec 16, 2019 10:53pm Dec 16, 2019 10:53pm
Quoting mrdfx
This week's basket with only 4 pairs, a pretty slow week it seems like.. Lets see how it goes! {image}
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20191217-115022.png Size: 150 KB

Mine too got 4 trades..
Gambling = 0% skill, 100% luck. Trading = 1% skill, 99% luck.
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