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The strength of BE system

  • #121
  • Jan 18, 2026 7:32am Jan 18, 2026 7:32am
Quoting cfudge
In an effort to always improve upon things I am wondering about the current state of the SL placement. At present it is set at 150 pips, which is large but it keeps us in some trades that eventually close in profit. I wonder how this would play out in a live account (any input from members would be appreciated). I would like to do some analysis on the charts later this weekend and see if there is an option. First thoughts, after glancing at the charts, is to set the SL at the very last high/low behind the trigger candle, not the last structural...
Hello Chris, so the stop to be placed at the dot?
can you be clarify, when I'm home tomorrow I'll trade the signals live,
main problem is I'll miss most of the liquidity time but should see some results good or bad, D

EDIT
I'm going to try the method of moving the stop to BE when price goes over the centre line, probably a few scenarios when the trade is on, give your recommendations
on how you would manage the trade that the EA logic would, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #122
  • Jan 18, 2026 7:57am Jan 18, 2026 7:57am
Quoting Striker5555
{quote} Hi sir, can you please share the template with MA please, i could not able to figure out which MA its is(SMA,EMA etc.,) also i have tried them all but my lines are diffrenet and far awat from TMA, it is not like what you have shown in the image, Its my Request.
The indicator uses an SMMA, if I'm not mistaken.
  • #123
  • Jan 18, 2026 11:28am Jan 18, 2026 11:28am
Quoting Realblank
Okay this is the MT4 EA version. I tested it a little in the strategy tester I hope I properly converted it from MT5. I know for a fact some drawing features are not working correctly (like the trade lines and the markers) but the trades and general logic looks fine. I recommend testing with defaults in the strategy tester, and if you are using the visual mode then please have Accumulate With Limits as the Drawing Mode, and if you aren't then please just use Rolling Window with minimum bars (i.e. 100 (default) per se) as Rolling Window is a lot...
A friendly and grateful Hello to the thread starter @cfudge and @Realbank.
First of all, as a new fan of this thread who wasn't previously familiar with this system, I'd like to thank you for the great EA.
(Don't throw away the MT5 EA, it's definitely of interest too).

I primarily trade H4+, controlling M30, but occasionally also M1+, which is why I joined here (hoping that larger timeframes will also come into focus in the future

Find the EA to be very user-friendly and immediately write down what I noticed.
Hold me back if too many individual requests pop up here.

Results for the EA are available for today, Sunday, BTCUSD M1 (I wouldn't normally do this, especially because the commission doesn't match M1, otherwise clean execution FTMO), to get a first impression of the EA.

Pic1
Chart FTMO
1.Brokertime+2H=GMT
Trading from 11:00 EA properties for orientation only, no documentation, only in/out
Comment PTL ATR
Points entry no longer visible here
see Pic1

2- Brokertime ab 15:00 Properties V0.2, (=changed conditiones in EA, see pic 2+3)
Comment=PTL ATR Sat
see Pic1
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(sorry cant see the entries for time from 15:00, have to see why)
But list of orders will show

Pic 2
EA PartI (too long for one pic)
EA PartII
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Pic 3
Results are only short impression, tried out the EA a little bit.
Better to see on days following.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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The still open positions I will close now because I opened for technical funktionality only

I really like the structure of the Expert Advisor (EA). Whether it's suitable for trading remains to be seen.
If there are any further requests, please see the right side of the EA.

Thank you very much to everyone involved so far.
  • #124
  • Jan 18, 2026 2:29pm Jan 18, 2026 2:29pm
Quoting detector
{quote} Hello Chris, so the stop to be placed at the dot? can you be clarify, when I'm home tomorrow I'll trade the signals live, main problem is I'll miss most of the liquidity time but should see some results good or bad, D EDIT I'm going to try the method of moving the stop to BE when price goes over the centre line, probably a few scenarios when the trade is on, give your recommendations on how you would manage the trade that the EA logic would, D
Hi detector

I thought about implementing BE again now that we might be using a dynamic SL...great minds think alike LOL.

I did go thru the last days trades and use the original BE idea...where we move to BE after a wick or close over mid line...and found that it gave a few more pips, for that particular day. There is promise there but needs more testing to see how much of a difference it makes.

Chris
  • #125
  • Jan 18, 2026 2:45pm Jan 18, 2026 2:45pm
Quoting Realblank
{quote} Hi Chris, I do want to implement it. Can you explain the SL idea further please. I do sort of understand from the other post but just want to verify somethings. Also would you say just adding the SL just behind the dot (like with a buffer) is good or should we actually do something more like looking back a small X bars and finding the high/low point or like local peak? Just explain what you want and I’ll make sure to add it!
Hi Realbank

Thanks for your reply.

I am of the opinion that a SL at the top/bottom of a dot is adequate for the EA ( this seems less complicated than trying to determine a certain candle high/low). Please share your opinion on this.

As detector asked about implementing BE again and because I did get a positive result from my analysis (small gains) I wonder if having that as an option would be good.

Please let me know what your feeling is on these two ideas.

Thanks, Chris.

PS: I think we are about done for equipping the EA with an appropriate arsenal to forward test.
  • #126
  • Jan 18, 2026 2:53pm Jan 18, 2026 2:53pm
Quoting cfudge
{quote} Hi detector I thought about implementing BE again now that we might be using a dynamic SL...great minds think alike LOL. I did go thru the last days trades and use the original BE idea...where we move to BE after a wick or close over mid line...and found that it gave a few more pips, for that particular day. There is promise there but needs more testing to see how much of a difference it makes. Chris
Hey Chris, yeah one step at a time, if moving forward on the manual side I see potential I'll highlight it, on the EA side, with all your requests built in we can compare results, the obvious thing is the EA will be trading 24/5 and I'm limited, I'm really looking forward to testing this, the potential, EA or Manuel is huge, I only hope anyone taking this system away gives their input, a reward for your intensive research, D
I don't need to be good at the game, only good enough to beat my opponent,
  • #127
  • Jan 18, 2026 3:04pm Jan 18, 2026 3:04pm
Quoting detector
{quote} Hey Chris, yeah one step at a time, if moving forward on the manual side I see potential I'll highlight it, on the EA side, with all your requests built in we can compare results, the obvious thing is the EA will be trading 24/5 and I'm limited, I'm really looking forward to testing this, the potential, EA or Manuel is huge, I only hope anyone taking this system away gives their input, a reward for your intensive research, D
Yes Yes Yes...let's get testing this thing live.

I am quite ready and excited to powerup my big machine in the basement again (my desktop computer LOL) and run some long term tests.



READY SET GO EVERYONE!!!




Hi Realblank

Can you tell us what this does please...
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  • #128
  • Jan 18, 2026 3:12pm Jan 18, 2026 3:12pm
Quoting hitstopagain
{quote} Lol kudos Chris! Did something of my own yesterday, I ported the ATR channels and PTL indicators to TradingView so that I could look at how it gives signals more easily. Can't run MT4 or MT5 on my laptop, I'll have to use another device running Windows, but yeah - this is how it looks (attached image). The channels do look slightly different when I compare them with the screenshots sent in the forum, but it could be because of scale and zoom differences as well, so I'll work with this for now, and will probably trade XAUUSD M1 on my prop...
if someone want to test it with other indicators, on 3 dots on indicator name , select pin to the right scale, like this you can enlarge and move in TW area
  • #129
  • Jan 18, 2026 3:18pm Jan 18, 2026 3:18pm
I forgot to post the chart of the testing with SL at dot. We gained 53 pips by using BE on this chart.

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  • #130
  • Jan 18, 2026 3:36pm Jan 18, 2026 3:36pm
Realbank
I just shouted on your homepage.

Chris
  • #131
  • Jan 18, 2026 4:17pm Jan 18, 2026 4:17pm
Quoting hitstopagain
{quote} Lol kudos Chris! Did something of my own yesterday, I ported the ATR channels and PTL indicators to TradingView so that I could look at how it gives signals more easily. Can't run MT4 or MT5 on my laptop, I'll have to use another device running Windows, but yeah - this is how it looks (attached image). The channels do look slightly different when I compare them with the screenshots sent in the forum, but it could be because of scale and zoom differences as well, so I'll work with this for now, and will probably trade XAUUSD M1 on my prop...
Be careful on the Prop Firm account...you might go over your daily win quota....LOL

Good Luck

Chris
  • #132
  • Jan 18, 2026 4:41pm Jan 18, 2026 4:41pm
Hi Chris,

I actually already sort of implemented your SL idea (at least on my MT5 version, but if useful/better I will also implement it on MT4), however instead of the SL at the top/bottom of a dot I ended up just finding a local high/low point with X bars lookback (so like 7) they end up achieving similar SLs but the dot is sometimes a little higher (see image). When you have time can you also check if the Dot Locations/Positions are correct/the same as your charts as that might also be a contributing factor.

I don't mean to be a party pooper here, however, after some back testing I feel that you might have "overfitted" to Friday's chart (and or recent charts), as when looking at past data/charts (say 2-5 January) your SL idea does not hold as well (i.e. there ends up being lots of losses and though they are less than the 150 SL, they end up adding up quite a bit and actually make the results worse than the fixed 150 SL).
Thus, I am unsure if I should implement this in the EA or not but it's your call.

If I am being frank, based on what I've seen, the strategy has been holding well since you started it (i.e. recently) as the market has been more or less Ranging with no Big trends (I hope I am not wrong with these generalizations), but if you look at the past performance when there are Big Trends the strategy (as I've said before) takes a really big toll, so I believe we should focus on what to do there during those situations (like on 2-5 January) otherwise when live the strategy (manually or EA) will work for sometimes but other times it will greatly fail.

So, while ideas like your SL at dot/high-low or the BE ideas are awesome and amusing, they don't really solve the BIG problem/enemy for this strategy as I see it---this is just my two cents. I fear that without handling this Big Trend issue the strategy will not be fully profitable from a long-term standpoint.

Thus, I hope we can analyze the charts (specifically from 2-5 per se) and identify what would have worked during those Big Trends (thinking/creating potentially clever new logic, like e.g. only trading with the trend (but obviously there will come questions like: how do you identify such a particular Big Trend before it's too late...and how do you identify when it ends?)), the power of this is since we have this EA I can easily implement anything that does work for these sort of days and test to see if it would work/apply to other Big Trend/Other days, i.e. we could test these ideas in the long-term and hopefully not overfit.

I will say that the EA is not in its final form and is rather more of a first draft that we can improve and make better as we go, and the main thing I personally want (mostly before anything else) is what I said above (handling of Big Trends).

I personally love this strategy and would love to see it mature into something that can be consistently used by everyone.

NOTE: Since I am a new user to forex factory, I still have moderator reviewing for my posts making live/quick communication really hard (since my posts are posted sometimes hours after I actually write them). So sorry if it seems I don't respond quickly.
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Attached File(s)
File Type: pdf PTL ATR Strategy EA - Input Parameters Guide.pdf   126 KB | 246 downloads
  • #133
  • Jan 18, 2026 5:50pm Jan 18, 2026 5:50pm
Quoting Realblank
Hi Chris, I actually already sort of implemented your SL idea (at least on my MT5 version, but if useful/better I will also implement it on MT4), however instead of the SL at the top/bottom of a dot I ended up just finding a local high/low point with X bars lookback (so like 7) they end up achieving similar SLs but the dot is sometimes a little higher (see image). When you have time can you also check if the Dot Locations/Positions are correct/the same as your charts as that might also be a contributing factor. I don't mean to be a party pooper...
Hey dude, you're definitely making a good point. I thought of this too, and I thought of a few possible solutions:
1. Maybe use a combination of trend indicators, like ADX, moving average slope etc.
2. Use machine learning - metalabelling, to be exact - with the above indicators to introduce a component of intelligence into the system (may or may not work, and needs a ton of data to start with)
3. Just watch the market, size of the candles and just stop trading after maybe 2 or 3 consecutive losses.
  • #134
  • Jan 18, 2026 5:54pm Jan 18, 2026 5:54pm
Hi all, it's late and I'm off soon, thought I would include this, although it's not part of my personal strategy as you can see from my entry's,
we have a development, this on a Sunday, will be interesting, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #135
  • Jan 18, 2026 6:14pm Jan 18, 2026 6:14pm
K, D
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I don't need to be good at the game, only good enough to beat my opponent,
  • #136
  • Edited 8:00pm Jan 18, 2026 7:48pm | Edited 8:00pm
Quoting Realblank
Hi Chris, I actually already sort of implemented your SL idea (at least on my MT5 version, but if useful/better I will also implement it on MT4), however instead of the SL at the top/bottom of a dot I ended up just finding a local high/low point with X bars lookback (so like 7) they end up achieving similar SLs but the dot is sometimes a little higher (see image). When you have time can you also check if the Dot Locations/Positions are correct/the same as your charts as that might also be a contributing factor. I don't mean to be a party pooper...

Thank you for your candor and I am in full agreement with you. It is not lost on me that all the testing I have done accounts for thousands of candles on M1 but only 5 Daily candles.

I have been wondering how to address this and as an example I would like to share the results for the December 29th Daily candle (see pic #1)
Pic #1
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This is a trend down on the M1 chart (all day) The result from the analysis of this day was a loss of (-910) pips........wow! (see pic #2)
Pic #2
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The above chart is hard to make out any real insight into what is happening. The next series of charts show more detail.

They also show the indicator Aroon Up and Down (set to 21). I have used this as an additional filter for the trades in hopes of filtering out non trend trades. While it did a good job (shown by the results) to filter out almost all losing trades it filtered out some winners too. However, the final result was promising, the initial analysis, using current rules and incorporating SL at dots, produced a loss of (-910) pips the addition of Aroon Up and Down (set to 21) produced a positive result to the amount of 432 pips.

So promising but as with everything we are doing here it requires more and more testing to establish a path forward. My wife and I have a saying "We are 3 feet into a 6 foot hole..." LOL

Here are the close up results from Dec. 29th in order from start of day till close.
Note: the purple boxes on the Aroon are thades where the blue and red lines had the same value and I have decided that that trade was valid. For those unfamiliar with Aroon---when red above blue only sells and when blue above red only buys.

Chris

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  • #137
  • Edited 9:21pm Jan 18, 2026 9:07pm | Edited 9:21pm
Ideas to test:

1) The yellow line is the ATR channel with Mult_Factor 4.8. Whenever a bar has closed below that line, the next green dot shall be cancelled. Not the next green setup dot, but the next green dot that appear. This is 29. December. The best factor value shall be found.
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1a) If a bar has closed below the yellow line, then use one more trigger: Take the next trade that bounce on the blue line in the short direction.

2) I use a risk reward for the day. It could be 1:2. Say a loss on 100$ close the day and profit on 200$ close the day. Then 1 winning day rescue 2 losing days. And even more, we know that there are more ranging days than trending days, this gives one more edge.

3) Only trade in the direction of the day. I use the daily open line when I use this filter.

4) Confluence using for example a Stochastic. That fellow will keep the value below 50 in a steep southborn trend.

5) Use a visual Channel like those red lines to check when not to trade. Require precense at the PC of cause.
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6) Trading another instrument in periodes where Gold show steep trend at some HTF.

7) Check for PA on HTF that sets the course for a trend direction and then trade only in that direction.

8) In general, only trade in the direction on the HTF. You will miss some trades, but if you close the day anyway when your daily profit is reached, that does not matter.

etc. etc.
MetaTrader 4 - so many advantages.
  • #138
  • Jan 18, 2026 9:48pm Jan 18, 2026 9:48pm
There are some good ideas there RiskFighter

Before we get too far into the weeds of indicators consider this...it may be as simple as if you get a Green dot and the candle OLHC is completely under the lower band and your SL (@dot) is hit you do not trade any more green dots until you get a green dot where the candle closes inside the lower band. Opposite for pink dots.

Here are some examples from Dec. 29th chart. (our new best friend...not really).

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What y'all think....
  • #139
  • Jan 18, 2026 9:49pm Jan 18, 2026 9:49pm
Quoting RiskFighter
Ideas to test: 1) The yellow line is the ATR channel with Mult_Factor 4.8. Whenever a bar has closed below that line, the next green dot shall be cancelled. Not the next green setup dot, but the next green dot that appear. This is 29. December. The best factor value shall be found. {image} {image} 1a) If a bar has closed below the yellow line, then use one more trigger: Take the next trade that bounce on the blue line in the short direction. 2) I use a risk reward for the day. It could be 1:2. Say a loss on 100$ close the day and profit on 200$...
Furthermore to #2 option above. Use PROPs accounts. A losing streak might blow the account, but you only lose the investment in the account and you already have the next account passed the test, sleeping and ready for use.

This way - if you have a winning EA, then you will never blow an account and therefore be out of bussiness. Every EOW you withdraw your profit and keep a saving enough for buying the next account.
MetaTrader 4 - so many advantages.
  • #140
  • Jan 18, 2026 9:51pm Jan 18, 2026 9:51pm
Quoting cfudge
There are some good ideas there RiskFighter Before we get too far into the weeds of indicators consider this...it may be as simple as if you get a Green dot and the candle OLHC is completely under the lower band and your SL (@dot) is hit you do not trade any more green dots until you get a green dot where the candle closes inside the lower band. Opposite for pink dots. Here are some examples from Dec. 29th chart. (our new best friend...not really). {image} What y'all think....
Jep - a good one.
MetaTrader 4 - so many advantages.
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