Consecutive Candles with Volume

Here are the current open trades with their SLs (White dotted line)
Also one trade closed on SL

Thanks...I will appreciate your input.

Here is the first test of the EA...Watch on Youtube for good quality
Set file and video of CADJPY Daily from June last year.

All props to master coder Arash...please give this guy support if you need programming done professionally.

Once Arash and I have worked the EA to it's limit I will post it here.

Then let the testing begin...

I will also give detailed info with screen shots of all inputs.

Chris

Here is a dark and a light Template.

I have received the completed EA from Arash.

I will be uploading it and the instructions either today or this week...

For now I have loaded it on several charts (see pic) on the 4hr TF in order to get more candles for the test. I will be trading on Dailies, most likely, in the future.

Let's see how it gets on...needless to say I am very excited..................

Chris

Ok here is the full set file I am using on the EA. This is how I have set it up to run the tests.

The indicator settings are self explanatory, so I will begin at the Management tab.
The drop down gives 3 options.
1/Fixed Lot...you can choose a lot size to trade.
2/Percentage...you can choose a % of account to trade.
3/Money...you can choose an amount of money to trade.

The next drop down at SL type tab.
The drop down again gives 3 options.
1/Fixed SL (in points)...You can choose to close a trade at an amount of points.
2/SL based on ATR...You can choose to have the SL be a multiple of the ATR (0.5--1--1.5--2--2.5 etc.)
3/SL in the middle...this one is a bit unique...it puts the SL at either the 9EMA, 21EMA or the Dot, whichever one is in the middle.

The final drop down at Exit type tab.
The drop down gives 2 options.
1/Exit signal candle prints...Choose this option if you want to keep all trades, in a series of trades, open until an exit candle prints. (A candle with an arrow or just a dot where there is no bar in the volume indicator).
2/On close of a new candle...Choose this option if you want to close each trade on the next candle to open a new trade. ( I trade this way). The last open trade in a series of trades will close on an exit candle.
We can see there are a few more choices left, namely Breakeven(true/false)...Choose this if you want to move to BE when a multiple of ATR is reached. You can choose the ATR amount in candles and a multiplier, again 0.5--1--1.5--2--2.5 etc.



You do not need to load the indicators on the chart but they must be in the Indicators folder. They must be titled consecutive_candles_1_02.ex4 and VolumeAndVolatility_update.ex4 I will put them below.


Finally here is the EA...................................enjoy and please return here and let us all know how you get on...CHEERS and GOOD LUCK

Chris

Here is what Arash said about a few things...

1. Consecutive Candles Parameters: It wasn't necessary to add the Consecutive Candles parameters to the EA, as they didn't offer any functional advantage or impact in the current setup. This keeps the EA streamlined and focused on the essential features.
2. Loading Indicators on the Chart: There's no need to load the indicators on the chart as they are already integrated into the EA. However, if you want to compare the EA's performance with the standalone indicators for your analysis, you can certainly add them to the chart.
3. Magic Number Usage: A single Magic number is sufficient unless you plan to run multiple versions of the EA with different settings on the same currency pair. If that's the case, using different Magic numbers would indeed be necessary to avoid any conflicts.

So far I didn't achieve good results backtesting...

Can you show us your set file

I have been testing on 13 charts on 4H with the setfile from post 47 since Sunday ( I know, not a lot of time).

Unfortunately pretty much all charts are in a consolidating phase at the moment...not too good for a trend strat. LOL

The strength of this system is in the trends which should account for any and all losses in consolidation. This is what the visual testing has shown. I went into this accepting that the gains should be incremental...1.5 steps forward and 1 step back kind of thing. So I am hopeful that we will start having some trending pairs and see some gains. Right now the acct. balance is fluctuating around BE.

I will let this test phase finish out the week and then change some parameters on the setfile of the EA. Namely the BE, I will be either turning it off or changing it from 0.5 to 1 or 1.5 of the ATR, I have noticed that all BE's would have closed in profit without hitting a SL.

My initial reason for the BE feature was to try and filter out those last trades at the bottom/top of a trend. I observed that sometimes price does drop above/below those trades enough to enable a BE to stop the inevitable SL been hit (I discussed these trades in the video on post 1) This has only happened once (see attached pic).

The other change I will make is to move the SL to 2 ATR. The tests so far at 1.5 ATR have seen 8 SL's been hit. I have categorized them into 4 possible outcomes. These are based on if the ATR SL would have been set to 2...
1/ SL hit anyway--4 instances.
2/would have resulted in a smaller loss by closing on next trade candle--1 instance
3/would have resulted in a profitable trade closing on next trade candle--1 instance.
4/trade would still be open--2 instances...so far.

As of the writing of this post I have had 39 trades. 8 close on SL 9 close at BE 12 close on new trade candle 4 close on exit candle 4 still open

Chris

thank you brother for putting in so much of hardwork really appreciate it!

Here is the statement of last weeks trades...not as good as I had hoped for the first run.

I am going to implement the changes discussed in post 50. I will change the SL to 2xATR and change the BE to 1xATR.

Chris

I have spent the day with my new best friend..........the MT4 Tester LOL

I have tested several instruments with several different EA configurations. (I think I like the figuring out new ideas and testing them more than the trading LOL)

I have found a few that were profitable and several that are not! I tested all on the Daily chart with a $10,000 account with all trades at 5% of account for the last year (Jan. 1 2024 to today)

The attached spreadsheet shows the winning instruments, how they were configured in the EA, the results in $$$ and the Absolute DD in $$$.

In the spreadsheet most columns are self explanatory but the one with the "Close type" might need explaining...
NC means close on next candle that opens a new trade.
XC means close all open trades on an exit candle.

One more thing ETHUSD and COFFEE have 2 different results with different configurations.

There is also a total from all amounts earned for the year. (subtract the amounts from one coffee and one ethusd)



Here is the list I have found un-profitable...
USDSGD
GBPCHF
SILVER
NATGAS
SOYBEAN
EURGBP
USDZAR
GBPJPY
GBPUSD
BTCUSD
Remember, past results do not predict future performance.



Chris

Funny thing this EA...

It only likes certain instruments and it only likes them in certain ways. There are some (alot) it absolutely despises, no matter how hard I tried to make them get along.

Spent a while again today with my buddy the tester. Here's a few more results, positive and negative.

Positive; (profitable)
CHFJPY 5% ATR 1.5 NC NO BE 1216 (1007)

CADJPY 5% ATR 1.5 NC NO BE 1075 (803)
CADJPY-2 5% ATR 2.0 XC NO BE 6994 (197)

S&P500 5% ATR3.0 XC BE 1.0 6924 (446)

NAS100 5% ATR3.0 NC BE 1.0 1623 (106)
NAS100-2 5% ATR 3.0 XC NO BE 3404 (407)

Negative, (not profitable)
NZDUSD
MXNJPY
PLATINUM
DAX40
NAS100
VIX
UK100
US OIL

I have stopped the running tests on the 4h charts, from the past few weeks. This week was down a further $370. I have had the epiphany that the way I have set this system up it can only work on higher TFs because the wins are smaller (in general) than the SLs so I concluded that this will only work on Daily and above because we can get more pips per winning trade, a larger move in pips per candle with the SL remaining the same on all TFs. (I think that makes sense).

So in the above results , on this and post 53 (Daily TF), the SLs were $500 which is 5% of the $10,000 acct. and there is no way you could re-coup that loss on a lower than Daily chart.
The SL based on the ATR means the lower the ATR multiple the higher the lot size per trade...so there is a dance to do there.

SOOOOOO!
Just for shits and giggles...let's say we traded a $10,000 account for the last year Jan. 01 2024 until this week end.................
according to the test results on the profitable 11 pairs.

We would have netted $75,219.00

Amazing.

Chris

PS: Unless there is some glaring blunder I have made.....lol

PSS: Thanks for playing along everyone and I think this is where I will end this thread.

Thanks, Chris...

Good day.
As I understood SL type ATR 1.5 means ATR multiplier 1.5 the same with BE ATR.
I tested with the same settings USDJPY from 01.01.2024 till now and the result is Amount 907 and absolute DD is 2836
USDCHF is Amount 896 and DD is 1732 .... So.... Probably there are some settings have to be changed also

I think the difference is the Volume indi. like Go5 asked, it is different on each broker so you might not get the same trades as I did.

I have an update of my testing so far...I had to use the MT4 tester for 2 reasons.

1/ I am using a demo acct. that resets every month.

2/ I did get a permanent demo acct. but it wont take trades on gold, sp500 and nas100.

So the test results are from March 4 to (today) June 27 2025.

I am testing the 11 pairs, with their respective EA settings, as outlined in the thread.

The results are as follows...

USDCHF 8 trades--profit of $2394--7.3% DD

USDJPY 3 trades--loss of $-393--12.37% DD

Copper 5 trades--profit of $469--10.38% DD

Cocoa 6 trades--loss of $-986--15.71% DD

Gold 9 trades--profit of $1079--9.24% DD

Coffee 5 trades--profit of $118--21.5% DD

ETHUSD 15 trades--profit of $1851--32.24% DD

CHFJPY 7 trades--profit of $861--10.97% DD

CADJPY 7 trades--loss of $-538--13.04% DD

S&P 500 11 trades--profit of $812--24.59% DD

NAS 100 9 trades--profit of $429--26.53% DD

This equals a total profit of $6096 over 115 days (includes weekends) and 85 trades.

On a $10,000 acct. with each trade being 5% giving a return of 61%

Just a message to say I have decided to test the EA again...I stopped it because it does not take trades at the start of the new daily candle on Gold, nas100 and sp500. These were the highest gainers of the 11 pairs tested.

But I have started again without those and we will see where we get...

If anyone has the time to look at the EA and let me know why those 3 pairs don't take trades I would appreciate it.

Chris

Nobody will be able to take a look at the EA without the mq4 file mate, by what you have described it is probably a decimal point issue.