Algorithmic Trading: The Five 4 hours candles system

I'm a computer programmer & stumbled up on Forex trading about a year ago. Found OANDA REST API and coded against it. Developed a few strategies & tried in the demo. Was able to produce some gain with few strategies & lost a lot in others. Now finally stick to one strategy. I call it the Five 4 hours candles strategy. I have been trading this strategy in live account for 3 weeks now. Results are quite surprising to me.

Strategy:
1) Works on 4 hours candles only. Tried on 15 mins, 30 mins & 1 hour but didn't work well.
2) Single pair EUR/USD. Trying it on other pairs in Demo. You may track my demo account progress in Trade Explorers.
3) Algo analyzes five 4 hours candles to identify different candlestick patterns. It takes trade if it finds an appropriate candlestick setup on the open of the next candle.
4) Trade lifetime is 4 hours. Either hit 50 pips stop loss or close trade at the end of the 4 hour candle.

I'm updating a journal on babypips every week for my live trade. So far 28% up.

https://forums.babypips.com/t/algo-trading-fx/324077

I have back tested this strategy on 15 years of data for EUR/USD. Except 2008 & 2010 the expectancy is positive. The average drawdown is 35%. Average PL ratio: 0.93 and average win per: 56% loss per: 44%.

Just curious how many trades this has taken, overall? How many longs vs shorts has their been? For the month of June the trend has been up, so I would image anything longs taken worked out better than going against the upward trend. Does this factor in longer term trends?

@XxixixX

In the demo I have done lots of trial and error so not sure it reflects actual numbers. If you are looking at Trade Explorer then I would recommend looking at anything after July 1st.

But below are the stats from my live account from June 15th - July 3rd.
Total trades: 27
Long: 11
Short: 16

Algo doesn’t factor in any kind of trends.

In addition to above details, my Algo runs on Azure cloud 24/7 except market close. It factors in US holidays. Until last week it was considering EUR currency holidays but then EUR covers multiple countries so I removed that.

Realized that my post has been moved to trading journal. So here is the update from Week #4. So far 18% up.

https://forums.babypips.com/t/algo-trading-fx/324077/11

In trading, we can be inspired, motivated, or guided by others. But, ultimately, we have to experience trading ourselves to truly know it.
~ from Headspace meditation app. (Replaced meditation with trading)

Week#5 of live trading. Few big losses.

https://forums.babypips.com/t/algo-trading-fx/324077/12

Week#6 of live trading. Recovered from last week's losses.

https://forums.babypips.com/t/algo-trading-fx/324077/16

Week#7 of live trading. Lots of ups and downs...

https://forums.babypips.com/t/algo-trading-fx/324077/17

Week#9 of live trading. 3rd consecutive down week.

https://forums.babypips.com/t/algo-trading-fx/324077/22

Week#10 of live trading. Still down!

https://forums.babypips.com/t/algo-trading-fx/324077/23

Week#11 of live trading. Recovering...

https://forums.babypips.com/t/algo-trading-fx/324077/24

Week#12 of live trading. Recovery seems to be flat at present. I’m hanging in there.

https://forums.babypips.com/t/algo-trading-fx/324077/25

Week#13 of live trading. Wanted to be green by adding some more funds and an instrument however still not there...

https://forums.babypips.com/t/algo-trading-fx/324077/26

hey, what is ur full algo approach? i mean the strategy?
i notice that the account is currently down 23%

dd is quite huge 35%..
considering in average, a good discretionary traders dd is about 6-7% per month