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Follow the Candles

  • #801
  • Jun 5, 2020 2:18pm Jun 5, 2020 2:18pm
Quoting joyny
The "Follow the candles" conditions for entry works quite well (71% profit in 6 months). You can see real account results based on this strategy so far in my TE. But I am not using this thread EA. I am making a basket in a different way. Here is how: Have backtested separate each symbol and found the best candidates to include in the basket (in my case 13 symbols) which in 10 years history gave the best results with this strategy (month, week, day candle following). And each symbol included...
Very good results. Could you share the settings for your baskets? Thank you.
  • #802
  • Jun 5, 2020 2:46pm Jun 5, 2020 2:46pm
Quoting mrdfx
This weeks weekly basket will be interesting as today it's the start of a new week and a new month. Lets see how this week goes.
Unfortunately price continued on its reversal and the basket hit SL.
Truth is like poetry. And most people f*cking hate poetry.
  • #803
  • Jun 6, 2020 6:12am Jun 6, 2020 6:12am
Quoting luatrader
{quote} Very good results. Could you share the settings for your baskets? Thank you.
Here my EA settings from where you can see the best time to trade each symbol and risk/rewards (in money) and max hours to hold open trade:

Attached Image


Here EA 10 years backtests - from here you can see the best time when to trade each symbol and risk/rewards:

Attached File(s)
File Type: zip CandlesTrend_v3_oc.zip   1.8 MB | 704 downloads
  • #804
  • Jun 6, 2020 6:27am Jun 6, 2020 6:27am
hmm interesting idea
  • #805
  • Jun 6, 2020 6:55am Jun 6, 2020 6:55am
Interesting. I will have a look to your backtests. Thanks!
  • #806
  • Jun 7, 2020 8:24am Jun 7, 2020 8:24am
Over 100 downloads so far and I can count on one hand how many are actively participating sharing their results in the thread.

The more that share and participate together the faster we will find the best combination of settings.

I'm currently testing multiple set ups, but it will take time as I'm only one person, so the more that join the better.

Come on guys!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-06-07 at 10.20.56.png Size: 45 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #807
  • Jun 8, 2020 6:43am Jun 8, 2020 6:43am
IMPORTANT UPDATE!!!

Please replace V1.8 for this new version 1.81!

Happy Monday guys!

Picked up a small bug with the panels vProfit refresh rate so got that fixed. The EA is now working 100%.

As always if you guys noticed anything please give your feedback.

Post #1 updated!
Attached File(s)
File Type: ex4 Follow The Candles EA.ex4   266 KB | 455 downloads
Truth is like poetry. And most people f*cking hate poetry.
  • #808
  • Jun 9, 2020 9:28am Jun 9, 2020 9:28am
This weeks default settings hit SL.

So far its been a mixed bag the last few weeks, and there's no clear sign of which weekly set is better.

Perhaps I need to look at adding another trend filter that could help filter out those pairs that are valid according to the strategy rules, but turn to a loss.
Truth is like poetry. And most people f*cking hate poetry.
  • #809
  • Jun 9, 2020 9:52am Jun 9, 2020 9:52am
same result here

blam

Quoting mrdfx
This weeks default settings hit SL. So far its been a mixed bag the last few weeks, and there's no clear sign of which weekly set is better. Perhaps I need to look at adding another trend filter that could help filter out those pairs that are valid according to the strategy rules, but turn to a loss.
  • #810
  • Jun 9, 2020 1:39pm Jun 9, 2020 1:39pm
I added this EA on MT4 with default settings but I'm not able to see all the pairs listed in the "Market Pairs" section.
I only see a few of them on the EA dashboard.
Can someone help please?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
  • #811
  • Jun 9, 2020 7:57pm Jun 9, 2020 7:57pm
Quoting forexxxxx
I added this EA on MT4 with default settings but I'm not able to see all the pairs listed in the "Market Pairs" section. I only see a few of them on the EA dashboard. Can someone help please? {image}
Make sure you have all the pairs visible in your market watch for the EA to read the pairs you want it to monitor.

You can also adjust the panel size settings so it fits correctly with your computers screen resolution.
Truth is like poetry. And most people f*cking hate poetry.
  • #812
  • Jun 9, 2020 8:39pm Jun 9, 2020 8:39pm
Hello mrdfx!
I thank you for sharing the EA. I tested your EA for a week but with 4% settings: 2% and 0.02 Lots for 1000USD. I only came to order when the basket reached 15 pairs or more, the time frame after the US session opened 1 hour and ended before the European session ended on that day.
Last week I was up over 10% in 1 week.
  • #813
  • Jun 10, 2020 1:04am Jun 10, 2020 1:04am
Quoting mrdfx
This weeks default settings hit SL. So far its been a mixed bag the last few weeks, and there's no clear sign of which weekly set is better. Perhaps I need to look at adding another trend filter that could help filter out those pairs that are valid according to the strategy rules, but turn to a loss.
I use your EA as an indicator. When the colors match, I enter according to the currency strength indicator. The results are still good.
Please excuse the bad English via Google Translate.
  • #814
  • Jun 16, 2020 6:32am Jun 16, 2020 6:32am
my default basket hit stoploss today

blam
  • #815
  • Jun 16, 2020 7:12am Jun 16, 2020 7:12am
Quoting blamshakk
my default basket hit stoploss today blam
Yup the default basket hit SL, and funny enough all my other weekly test hit TP. The 03:00 was the only one that hit SL.

There is definitely a big difference on outcomes depending on what time you open the basket, and this still needs extensive forward testing. Unfortunately I'm only one guy and doing many many multiple tests and only have so much computer resources lol..
Truth is like poetry. And most people f*cking hate poetry.
  • #816
  • Jun 16, 2020 7:18am Jun 16, 2020 7:18am
I entered 2 trades yesterday based on this EA. Both of them resulted in profit.

I kept all the parameters same except 3 below -

STOP LOSS/TAKE PROFIT - 300/600
Virtural Basket Trigger - 7 Pips
Allow +ve trades only - True
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 14 KB
  • #817
  • Jun 16, 2020 7:46am Jun 16, 2020 7:46am
hey mrdfx

Seeing as you are already testing the default basket and gathering data, we are sort of doubling up. I am also testing a lot of other systems, so can only really dedicate one terminal to this EA. If you specify a custom time that you are not testing already, am happy to go with that setting and report back

blam

Quoting mrdfx
{quote} Yup the default basket hit SL, and funny enough all my other weekly test hit TP. The 03:00 was the only one that hit SL. There is definitely a big difference on outcomes depending on what time you open the basket, and this still needs extensive forward testing. Unfortunately I'm only one guy and doing many many multiple tests and only have so much computer resources lol..
  • #818
  • Jun 16, 2020 8:09am Jun 16, 2020 8:09am
Quoting blamshakk
hey mrdfx Seeing as you are already testing the default basket and gathering data, we are sort of doubling up. I am also testing a lot of other systems, so can only really dedicate one terminal to this EA. If you specify a custom time that you are not testing already, am happy to go with that setting and report back blam {quote}
Good idea, for the weekly sets I'm currently testing 23:00, 02:30, 03:00, and 03:30.

I've already tested 04:00 and 05:00 which did not wield good long term results. I've been thinking about doing a 01:00, 01:30, 02:00 sets when I get a chance so if you can add any of those.

There are so many possibilities with this strategy, it will just takes some time to test the different variations to find the sweet spot.
Truth is like poetry. And most people f*cking hate poetry.
  • #819
  • Jun 16, 2020 2:08pm Jun 16, 2020 2:08pm
ok thanks in that case from next week I'll try a 01:00 basket

blam



Quoting mrdfx
{quote} Good idea, for the weekly sets I'm currently testing 23:00, 02:30, 03:00, and 03:30. I've already tested 04:00 and 05:00 which did not wield good long term results. I've been thinking about doing a 01:00, 01:30, 02:00 sets when I get a chance so if you can add any of those. There are so many possibilities with this strategy, it will just takes some time to test the different variations to find the sweet spot.
  • #820
  • Jun 17, 2020 7:25am Jun 17, 2020 7:25am
Quoting blamshakk
ok thanks in that case from next week I'll try a 01:00 basket blam {quote}
Thanks blam, are you only able to run one time frame per terminal?
Truth is like poetry. And most people f*cking hate poetry.
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