Follow the Candles | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

M candles / Custom candles for second charts 1 reply

Calculating only buy candles vs sell candles 2 replies

Platform which enables the rewinding of candles 3 replies

Missing candles? 1 reply

I need more candles! 4 replies

Attachments: Follow the Candles
Exit Attachments

Follow the Candles

  • #521
  • Jan 2, 2020 9:23am Jan 2, 2020 9:23am
Thanks for updated version
  • #523
  • Edited 10:31am Jan 3, 2020 6:14am | Edited 10:31am
In my tests, CHF pairs don't fare so well. Anyone trades CHF pairs using this system and finding it ok?

Edit: I'm not using the EA, but have adapted the methodology for day-trading testing.
  • #524
  • Jan 6, 2020 4:05pm Jan 6, 2020 4:05pm
Hello guys and happy 2020!

Its time to get back to work and back to the grind.

I've got a lot planned for the coming months with many comparison tests starting today. I've linked up the TE so you guys can follow along however note that this account is trading multiple set ups with the EA so the results does not account for all the multiple tests running, but you can see whats going on anyway.

On the demo account I'm running 9 separate charts with 4 weekly comparison tests and 5 daily comparison tests. So far today's daily tests did not fair so well but that's testing lol. Tonight we'll start with the weekly basket tests.

Most of the tests are testing the differences between different open times for weekly and daily settings to try find a more optimal open time. These forward tests will go for around 3 months and thereafter after collecting enough data we'll know what works best to put to the test live.

Exciting times ahead guys!
Truth is like poetry. And most people f*cking hate poetry.
  • #525
  • Jan 6, 2020 7:25pm Jan 6, 2020 7:25pm
I'm looking forward to your trading system, as I can't adapt my discretionary price action analysis to higher timeframes, such as the daily charts.
He bought? Dump it!
  • #526
  • Jan 7, 2020 12:36am Jan 7, 2020 12:36am
Hi, the first week of 2020 on this strategy closed for me very soon with about 3.5% profit. i forgot to enable "Use Trailing Stop" for this week, but it's not bad result for first week of 2020. the rest of settings is same as here. Final Result:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
  • #527
  • Jan 7, 2020 8:18am Jan 7, 2020 8:18am
Quoting mrdfx
Hello guys and happy 2020! Its time to get back to work and back to the grind. I've got a lot planned for the coming months with many comparison tests starting today. I've linked up the TE so you guys can follow along however note that this account is trading multiple set ups with the EA so the results does not account for all the multiple tests running, but you can see whats going on anyway. On the demo account I'm running 9 separate charts with 4 weekly comparison tests and 5 daily comparison tests. So far today's...
Looking forward for the results!
  • #528
  • Jan 7, 2020 11:03am Jan 7, 2020 11:03am
This weeks 03:00 and 04:00 baskets both hit TP of +10%.

The 23:00 and 05:00 baskets are still running.
Truth is like poetry. And most people f*cking hate poetry.
  • #529
  • Jan 8, 2020 4:42pm Jan 8, 2020 4:42pm
Hello friends, interesting strategy. I will follow this tread.
  • #530
  • Jan 10, 2020 7:19am Jan 10, 2020 7:19am
Quoting mrdfx
This weeks 03:00 and 04:00 baskets both hit TP of +10%. The 23:00 and 05:00 baskets are still running.
So the 23:00 and 05:00 baskets did not hit TP and neither SL this week. I'll be closing both baskets manually later today shortly before London closes.

This weeks winners were the 03:00 and 04:00 baskets both hitting TP.
Truth is like poetry. And most people f*cking hate poetry.
  • #531
  • Jan 10, 2020 7:36am Jan 10, 2020 7:36am
Quoting mrdfx
{quote} So the 23:00 and 05:00 baskets did not hit TP and neither SL this week. I'll be closing both baskets manually later today shortly before London closes. This weeks winners were the 03:00 and 04:00 baskets both hitting TP.
Thanks mrdfx for the great job. Please this trade time you give (03:00 and 04:00). Can you represent the timing in terms of GMT? Just to be sure of the GMT Equivalence.
  • #532
  • Jan 10, 2020 8:31am Jan 10, 2020 8:31am
Quoting mrdfx
{quote} So the 23:00 and 05:00 baskets did not hit TP and neither SL this week. I'll be closing both baskets manually later today shortly before London closes. This weeks winners were the 03:00 and 04:00 baskets both hitting TP.
I am a bit confuse on the different baskets on different time. Mind to enlighten me? I thought we will open the trades after the first 4 hour on Monday?
  • #533
  • Jan 10, 2020 9:30am Jan 10, 2020 9:30am
Quoting bdunn
{quote} I am a bit confuse on the different baskets on different time. Mind to enlighten me? I thought we will open the trades after the first 4 hour on Monday?
Based on overall rule, you should wait for the first H4 candle to be fully formed so more or less 3 hrs after the Monday daily close. as he said in post 524, he is trying to find the best open time for basket and it needs around 3 months of testing with different open times:

Quote
Most of the tests are testing the differences between different open times for weekly and daily settings to try find a more optimal open time. These forward tests will go for around 3 months and thereafter after collecting enough data we'll know what works best to put to the test live.
  • #534
  • Jan 10, 2020 9:58am Jan 10, 2020 9:58am
i will try in my demo account the base setting of the ea.
only change the percentage of profit / loss. i with 10.000 balance
1% profit aweek or -2% loss. no more. let the ea to close itself on friday all trades. we will see.
  • #535
  • Jan 10, 2020 10:12am Jan 10, 2020 10:12am
Quoting Ezios
i will try in my demo account the base setting of the ea. only change the percentage of profit / loss. i with 10.000 balance 1% profit aweek or -2% loss. no more. let the ea to close itself on friday all trades. we will see.
I feel a SL of -2% is too tight.
  • #536
  • Jan 10, 2020 10:26am Jan 10, 2020 10:26am
@ procmail if the logic of this system is to follow the trend we should close any trade
wenever it reverses the trend so it can be used trailing stop losses... but i want first
to try base setting of the ea. were the sl is 2 times the tp. so accordingly if i set tp to 1 i will set sl to 2
then we will see whats happening. will open fresh demo for this.
  • #537
  • Jan 10, 2020 3:28pm Jan 10, 2020 3:28pm
Quoting kefmawin
{quote} Thanks mrdfx for the great job. Please this trade time you give (03:00 and 04:00). Can you represent the timing in terms of GMT? Just to be sure of the GMT Equivalence.
03:00 and 04:00 are my brokers times as I use broker time for the basket. My broker is GMT +2, so those open times would be 01:00 and 02:00 GMT.
Truth is like poetry. And most people f*cking hate poetry.
  • #538
  • Jan 10, 2020 3:29pm Jan 10, 2020 3:29pm
Quoting bdunn
{quote} I am a bit confuse on the different baskets on different time. Mind to enlighten me? I thought we will open the trades after the first 4 hour on Monday?
Yes correct however I am testing other open times which I have already previously mentioned.
Truth is like poetry. And most people f*cking hate poetry.
  • #539
  • Jan 13, 2020 4:03pm Jan 13, 2020 4:03pm
Happy Monday everyone!

The first of the weekly tests has started, 3 more to go. Lets hope for a successful week!

Btw I'm working on a new update and will release more details soon.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-01-13 at 19.01.04.png Size: 129 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #540
  • Jan 14, 2020 4:55am Jan 14, 2020 4:55am
I started new fresh demo account with ic-markets and set the ea with
allmost default setting. this night at 3.00 the ea will start opening the trades.
here is my setting will show the results on friday.
I suggest the author of the ea to add trailing step/stop in pips as in the
option of lotsize. thx very much.
0 traders viewing now