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Follow the Candles

  • #601
  • Jan 31, 2020 9:45am Jan 31, 2020 9:45am
@ Mrdfx , I set the indicator as in picture of post 1 but
can you tell me if the ea's signal is = the indicator's signal?
is the indicator referring to candle 0 or candle 1 to look for the signal?
I went to see the code but could not undrestand how it does.
Here is my picture
Attached Image (click to enlarge)
Click to Enlarge Name: FTC_INDICATOR_SETTING.PNG Size: 73 KB
  • #602
  • Jan 31, 2020 10:42am Jan 31, 2020 10:42am
Quoting Ezios
@ Mrdfx , I set the indicator as in picture of post 1 but can you tell me if the ea's signal is = the indicator's signal? is the indicator referring to candle 0 or candle 1 to look for the signal? I went to see the code but could not undrestand how it does. Here is my picture {image}
Yes.. But new version have previews candle option..
  • #603
  • Jan 31, 2020 9:59pm Jan 31, 2020 9:59pm
Last Month Result, My Bal: 50000, TP1%, SL5%, Other Same Setting
January: Set Monday to Friday (Magic Number: 11,22,33,44,55)

Thanks mrdfx for sharing your strategy
Wish you all the best
Attached Image (click to enlarge)
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  • #604
  • Jan 31, 2020 11:10pm Jan 31, 2020 11:10pm
I wanted to chime in on this system, after using it for my first week. Please forgive me for the lengthy post, but I'm hoping my experience so far will help someone.

I have been trading unsuccessfully for the last year and a half. I continually sought out the shiny new trading strategy, jumping form one strategy to another. When one did'nt work once or twice, I would jump to the next one. After trying out multiple strategies on FF, BabyPips, YouTube, and Udemy, it became very clear to me that what I was doing was not working. Continually searching for more garbage was not working, and I had spent too much money already.

It was at this point I had to realize that I was 'gambling' and not trading. I was also making several newbie mistakes. I did not understand price movement, and I did not understand how to implement a good strategy. So it was back to demo.

I have personally found only a few strategies that have worked for me successfully at this point. This first one is of course Follow the Candles, more on this in a few. The only pattern you will ever need, found on Baby Pips has also been effective. I have also had some success with trading currency strength/weakness using the Forex Power Indicator (you can google it).

The biggest mistake I have been making is jumping in and out of trades. Perfect example from this week: GBPAUD. The EA told us to buy on Monday night per the usual time 3 hrs after the close of the Monday candle. So I jumped into it along with a few other trades. Over the next day and a half, GA dropped and went sideways. I decided to cut my losses and bail on the trade. A day later it shot up significantly.

This is a critical point. Do not jump in and out of trades just because they go against you. It was merely a retracement. So I lost money on that. But the 3 other trades which I had running: EU, AU, and NU were slowly profitable. I held onto them all week, and ended up with 9% account growth after the GA loss.

Now the second critical point. Treat your trading like a business. I had no idea what that mean until I sat down and actually did the math. I sat down and looked for weekly goals based upon Follow the Candles. I want 5-20% every week. If I get that, then I slowly build my account. If I have a losing week, I will replenish those funds from my personal funds via my full-time job.

Now 9% growth for the week may seem like nothing. But if you do the math, you will be surprised. Think about it like this. You have $100 and you get 9% that week. That's a whole $9, whooptie friggin do! This is small potatoes. However, next week you will have $109. If your goals every week is around %10 growth, your account will eventually snowball. What if your account was $10,000? What is 10% of that?

You get the picture. Eventually you will make super good money if you stick to a plan like this. But as always, you will never win all the time. It takes patience and practice. I am still learning.

I hope this will help someone out there. Perhaps if anyone has any extra tips for me, I would love to hear them.
  • #605
  • Feb 1, 2020 8:37am Feb 1, 2020 8:37am
Maybe somebody here wanna back test my set.

Timeframe : daily, weekly and monthly.
(Why?? Because we need more signal to open position)

Open Hour : 16
Minute : 40
(Why?? I don't know. Just try it.

Don't use GBP pairs.
(Why?? I hate GBP pairs)

Close when u get profits, don't wait until Friday.
And Repeat next day..
  • #606
  • Feb 1, 2020 12:17pm Feb 1, 2020 12:17pm
Quoting Ghost41
I wanted to chime in on this system, after using it for my first week. Please forgive me for the lengthy post, but I'm hoping my experience so far will help someone. I have been trading unsuccessfully for the last year and a half. I continually sought out the shiny new trading strategy, jumping form one strategy to another. When one did'nt work once or twice, I would jump to the next one. After trying out multiple strategies on FF, BabyPips, YouTube, and Udemy, it became very clear to me that what I was doing was not working. Continually searching...
Have you been following the strategy with the strict rules as pointed by mrdfx?
He bought? Dump it!
  • #607
  • Feb 1, 2020 8:39pm Feb 1, 2020 8:39pm
I have been. Enter 3 hours after Monday candle closes. Enter on pairs that agree on Monthly, Weekly, Daily, and 4 hour time frames.

It was my understanding that this was the strategy. Unless I missed something? Or if there is a better way?
  • #608
  • Feb 2, 2020 1:32pm Feb 2, 2020 1:32pm
interesting post, except i think that only very green/newbie fantasist traders would consider 9% a week 'nothing'. Most people would be extremely content (to put it mildly) with near enough 40% per month consistently

blam

Quoting Ghost41
I wanted to chime in on this system, after using it for my first week. Please forgive me for the lengthy post, but I'm hoping my experience so far will help someone. I have been trading unsuccessfully for the last year and a half. I continually sought out the shiny new trading strategy, jumping form one strategy to another. When one did'nt work once or twice, I would jump to the next one. After trying out multiple strategies on FF, BabyPips, YouTube, and Udemy, it became very clear to me that what I was doing was not working. Continually searching...
  • #609
  • Feb 2, 2020 2:54pm Feb 2, 2020 2:54pm
My return would have been higher except for the GBPAUD fail. Pretty good system so far. I'm not saying every week will be a winner, but all you have to do is enter when the trades lines up, and possibly endure some retracement.
  • #610
  • Feb 2, 2020 2:58pm Feb 2, 2020 2:58pm
Quoting Ghost41
I wanted to chime in on this system, after using it for my first week. Please forgive me for the lengthy post, but I'm hoping my experience so far will help someone. I have been trading unsuccessfully for the last year and a half. I continually sought out the shiny new trading strategy, jumping form one strategy to another. When one did'nt work once or twice, I would jump to the next one. After trying out multiple strategies on FF, BabyPips, YouTube, and Udemy, it became very clear to me that what I was doing was not working. Continually searching...
Could you please provide the url of The only pattern you will ever need on babypips? I failed to find it on babypips. Thank you
  • #611
  • Edited 10:41pm Feb 2, 2020 10:07pm | Edited 10:41pm
Sorry, my mistake, I should do it tomorrow, not today.
My selection for this week:
Long: EURNZd, GBPNZd, usdcad
Short: nzdusd
  • #612
  • Feb 2, 2020 10:42pm Feb 2, 2020 10:42pm
The most profitable pattern you will encounter. From Baby Pips....

See attachement.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200202-223947.png Size: 309 KB
  • #613
  • Feb 3, 2020 11:27am Feb 3, 2020 11:27am
So guys its a new month with some more testing to be done!

While the last month had some mixed results for the weekly set ups, I've been having some nice progress with the daily set ups. Still a long way to go of forward testing to check for consistency, but things are looking good.

I'm keeping track of the total basket profit in points so the numbers you see for the year are in points. For those that don't know, 10 points = 1 pip, so you can see how many pips the baskets are making... not bad at all...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 50 KB
Click to Enlarge Name: EURUSDH1 2.png Size: 50 KB
Click to Enlarge Name: EURUSDH1 3.png Size: 50 KB
Click to Enlarge Name: EURUSDH1 4.png Size: 50 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #614
  • Feb 3, 2020 9:37pm Feb 3, 2020 9:37pm
Excuse me, I use MacBook in my office. and my MacBook is not compatible with mt4. does anyone know what I can do? thx
  • #615
  • Feb 3, 2020 9:53pm Feb 3, 2020 9:53pm
Quoting dbsdsun
Excuse me, I use MacBook in my office. and my MacBook is not compatible with mt4. does anyone know what I can do? thx
Buy a real computer

Or Google, this has been asked a million times already
It takes a lot for me to IGNORE you, but you can try.
  • #616
  • Feb 3, 2020 10:00pm Feb 3, 2020 10:00pm
Quoting Erebus
{quote} Buy a real computer Or Google, this has been asked a million times already
do you mean the VPS, virtual personal server?
  • #617
  • Feb 4, 2020 12:10am Feb 4, 2020 12:10am
Quoting dbsdsun
{quote} do you mean the VPS, virtual personal server?
No, I mean how to run Metatrader on Mac

There needs to be a thread in the Platform Tech forum for Apple fans

Maybe there is, I don't know and I don't care
It takes a lot for me to IGNORE you, but you can try.
  • #618
  • Feb 4, 2020 2:09pm Feb 4, 2020 2:09pm
great mrdfx thanks for testing, and do keep us posted in due course

blam

Quoting mrdfx
So guys its a new month with some more testing to be done! While the last month had some mixed results for the weekly set ups, I've been having some nice progress with the daily set ups. Still a long way to go of forward testing to check for consistency, but things are looking good. I'm keeping track of the total basket profit in points so the numbers you see for the year are in points. For those that don't know, 10 points = 1 pip, so you can see how many pips the baskets are making... not bad at all... {image} {image} {image} {image}...
  • #619
  • Feb 4, 2020 3:25pm Feb 4, 2020 3:25pm
Quoting dbsdsun
Excuse me, I use MacBook in my office. and my MacBook is not compatible with mt4. does anyone know what I can do? thx
How come your Mac is not compatible for MT4? I use Mac and MT4 works on macOS.

Download MT4 for Mac from your broker then install it to your Mac, and then the EA to your MT4.
Truth is like poetry. And most people f*cking hate poetry.
  • #620
  • Feb 4, 2020 3:44pm Feb 4, 2020 3:44pm
Quoting mrdfx
{quote} How come your Mac is not compatible for MT4? I use Mac and MT4 works on macOS. Download MT4 for Mac from your broker then install it to your Mac, and then the EA to your MT4.
Thanks for your reply! I asked Pepperstone, they confirmed my macOS is too new and not compatible with my. Macbook always me to update software, and I normally click "yes".

Yesterday, when I choose "previous bar", I got only chfjpy; when I choose "current bar", I got a lot pairs.
Then I longed chfjpy, it is running well till now.
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