50 pips candle system

INCREDIBLE !!!
I like it, a fantastic tool.
Thanks a lot

november and december have exactly the same results as me.
The other months, almost the same...

it seems GG and RR are better than GGG an RRR ...

Nice tool C-Speed,

I tested the sequence GRRR and RGGG. My results were 313 Wins and 255 losses. Giving me total wins to be 313-255 = 58wins.

Then 58wins x 50pips = 2900pips. I tested from Nov 30, 2008 to Dec 16, 2009.

So if I started with a $1000 account and traded $50 per pip I would make 2900 x $50 = $ 145,000 in profit.

If I traded $10 per pip which most people do, I will make $29, 000 in profit, etc.

Thanks.

Glad I could help

It should make back testing a little easier hehe no more manual back testing!

How far off are the other months as compared to your personal results? The back testing data I used is straight from MT4 historical data.

You can verify that Red/Green candles the tester is using by comparing the Price Sequence listed at the top of the tester as compared to your own personal Red/Green candles.

Thanks Just thought I'd do my part and hopefully we can collectively improve on this strategy some more

I made a slight update to the tester so it now outputs more statistical info for the sequences you're trying to test.

Hello C-Speed,

Is there a way you can include the option to change the number of pips?
For example, If I wanna try the strategy on a 25 pips move, etc.

Thanks.

Sorry, that is not possible at this time. The script is not doing any price calculations on the fly. I simply took the RenkoRangeBars1.1 in MT4 and output a CSV file to import in to a database so the candlesticks are fixed at 50pips.

I will read the whole thread. Thanks to Zebulon for sharing it!

Ok, this may help in producing a better strategy. Using the back testing script I wrote, I had it output the frequency of specific R/G sequences from 2 to 6 candles in a row.

This is from 1/1/2009 to 12/14/2009.

Frequency of specific sequences (unsorted):
RR: 496
RG: 468 < (48.55%)

GR: 468
GG: 529 < (53.06%)

RRR: 256
RRG: 240 < (48.39%)

RGR: 230
RGG: 237 < (50.75%)

GRR: 240
GRG: 228 < (48.72%)

GGR: 237
GGG: 292 < (55.20%)

RRRR: 128
RRRG: 128 < (50.00%)

RRGR: 117
RRGG: 123 < (51.25%)

RGRR: 117
RGRG: 113 < (49.13%)

RGGR: 96
RGGG: 141 < (59.49%)

GRRR: 128
GRRG: 112 < (46.67%)

GRGR: 113
GRGG: 114 < (50.22%)

GGRR: 122
GGRG: 115 < (48.52%)

GGGR: 141
GGGG: 151 < (51.71%)

RRRRR: 63
RRRRG: 65 < (50.78%)

RRRGR: 77
RRRGG: 51 < (39.84%)

RRGRR: 63
RRGRG: 54 < (46.15%)

RRGGR: 46
RRGGG: 77 < (62.60%)

RGRRR: 62
RGRRG: 55 < (47.01%)

RGRGR: 59
RGRGG: 54 < (47.79%)

RGGRR: 55
RGGRG: 41 < (42.71%)

RGGGR: 72
RGGGG: 69 < (48.94%)

GRRRR: 65
GRRRG: 63 < (49.22%)

GRRGR: 40
GRRGG: 72 < (64.29%)

GRGRR: 54
GRGRG: 59 < (52.21%)

GRGGR: 50
GRGGG: 64 < (56.14%)

GGRRR: 66
GGRRG: 56 < (45.90%)

GGRGR: 54
GGRGG: 60 < (52.63%)

GGGRR: 67
GGGRG: 74 < (52.48%)

GGGGR: 69
GGGGG: 82 < (54.30%)

RRRRRR: 28
RRRRRG: 35 < (55.56%)

RRRRGR: 36
RRRRGG: 29 < (44.62%)

RRRGRR: 40
RRRGRG: 37 < (48.05%)

RRRGGR: 23
RRRGGG: 28 < (54.90%)

RRGRRR: 32
RRGRRG: 31 < (49.21%)

RRGRGR: 28
RRGRGG: 26 < (48.15%)

RRGGRR: 26
RRGGRG: 20 < (43.48%)

RRGGGR: 37
RRGGGG: 40 < (51.95%)

RGRRRR: 38
RGRRRG: 24 < (38.71%)

RGRRGR: 17
RGRRGG: 38 < (69.09%)

RGRGRR: 31
RGRGRG: 28 < (47.46%)

RGRGGR: 21
RGRGGG: 33 < (61.11%)

RGGRRR: 29
RGGRRG: 26 < (47.27%)

RGGRGR: 23
RGGRGG: 17 < (42.50%)

RGGGRR: 33
RGGGRG: 39 < (54.17%)

RGGGGR: 23
RGGGGG: 46 < (66.67%)

GRRRRR: 35
GRRRRG: 30 < (46.15%)

GRRRGR: 41
GRRRGG: 22 < (34.92%)

GRRGRR: 23
GRRGRG: 17 < (42.50%)

GRRGGR: 23
GRRGGG: 49 < (68.06%)

GRGRRR: 30
GRGRRG: 24 < (44.44%)

GRGRGR: 31
GRGRGG: 28 < (47.46%)

GRGGRR: 29
GRGGRG: 21 < (42.00%)

GRGGGR: 35
GRGGGG: 29 < (45.31%)

GGRRRR: 27
GGRRRG: 39 < (59.09%)

GGRRGR: 22
GGRRGG: 34 < (60.71%)

GGRGRR: 23
GGRGRG: 31 < (57.41%)

GGRGGR: 29
GGRGGG: 31 < (51.67%)

GGGRRR: 37
GGGRRG: 30 < (44.78%)

GGGRGR: 31
GGGRGG: 43 < (58.11%)

GGGGRR: 34
GGGGRG: 35 < (50.72%)

GGGGGR: 46
GGGGGG: 36 < (43.90%)


Sorted:
GG: 529
RR: 496
RG: 468
GR: 468
GGG: 292
RRR: 256
GRR: 240
RRG: 240
GGR: 237
RGG: 237
RGR: 230
GRG: 228
GGGG: 151
RGGG: 141
GGGR: 141
RRRG: 128
RRRR: 128
GRRR: 128
RRGG: 123
GGRR: 122
RRGR: 117
RGRR: 117
GGRG: 115
GRGG: 114
GRGR: 113
RGRG: 113
GRRG: 112
RGGR: 96
GGGGG: 82
RRRGR: 77
RRGGG: 77
GGGRG: 74
RGGGR: 72
GRRGG: 72
RGGGG: 69
GGGGR: 69
GGGRR: 67
GGRRR: 66
RRRRG: 65
GRRRR: 65
GRGGG: 64
GRRRG: 63
RRRRR: 63
RRGRR: 63
RGRRR: 62
GGRGG: 60
GRGRG: 59
RGRGR: 59
GGRRG: 56
RGRRG: 55
RGGRR: 55
GGRGR: 54
RGRGG: 54
RRGRG: 54
GRGRR: 54
RRRGG: 51
GRGGR: 50
GRRGGG: 49
GGGGGR: 46
RGGGGG: 46
RRGGR: 46
GGGRGG: 43
RGGRG: 41
GRRRGR: 41
RRGGGG: 40
RRRGRR: 40
GRRGR: 40
RGGGRG: 39
GGRRRG: 39
RGRRGG: 38
RGRRRR: 38
RRGGGR: 37
RRRGRG: 37
GGGRRR: 37
GGGGGG: 36
RRRRGR: 36
GGGGRG: 35
GRRRRR: 35
GRGGGR: 35
RRRRRG: 35
GGGGRR: 34
GGRRGG: 34
RGRGGG: 33
RGGGRR: 33
RRGRRR: 32
GGRGRG: 31
GGGRGR: 31
RRGRRG: 31
GRGRGR: 31
RGRGRR: 31
GGRGGG: 31
GRGRRR: 30
GRRRRG: 30
GGGRRG: 30
GRGGRR: 29
RGGRRR: 29
RRRRGG: 29
GGRGGR: 29
GRGGGG: 29
GRGRGG: 28
RRRRRR: 28
RRRGGG: 28
RGRGRG: 28
RRGRGR: 28
GGRRRR: 27
RGGRRG: 26
RRGGRR: 26
RRGRGG: 26
GRGRRG: 24
RGRRRG: 24
RGGGGR: 23
RGGRGR: 23
RRRGGR: 23
GRRGRR: 23
GRRGGR: 23
GGRGRR: 23
GRRRGG: 22
GGRRGR: 22
GRGGRG: 21
RGRGGR: 21
RRGGRG: 20
GRRGRG: 17
RGRRGR: 17
RGGRGG: 17

You'll notice in the UNSORTED list, that I've paired the winning/losing sequences together.

Also, I think if you look at this list, you should be able to determine what the most LIKELY candle will be to follow once a certain sequence of candles has occurred.

I do want to note however, that using this list is trading strictly based on PATTERNS, which may not be the most optimal way to trade. We may still need to use an indicator to make better decisions and/or filter the trades.

trading at $10 a pip on a $1000 dollar account isn't advisable actually its insane.

Anyway after using this great tool by C-Speed in the normal method if we factor in the spread it doesn't seem profitable in the long run.

if you take a peak at the charts you would notice that for the most part, price never stops right at the 50, 00 level, it always goes a little further. Adding 2 or even more pips to your tp to cover the spread will not hurt this system.

Could someone explain the evolution method to me I mean I read it over and over again but I don't get it.

if you trade 0.1 size after first loose you trade 0.2 and third time 0.4 and after then with 0.1 again.

Hello.
I started this week with a 350$ account. I entered with a possition to reach the 1.6300. I will update the results every day i hope. Enjoi it

C-speed,
Good job on this!
I also agree that although some patterns seem to favor profit a simple filter would make life easier (MA or other...). Hope some coder can help by modifying Stephen's EA posted earlier. I need to remind everyone that this EA can recognize patterns so adding a simple filter can help us perform quick backtesting.

Kostas

This range is really really really annoying me...
it's 1 week that price doesn' move...

Hey Sauber,
I think you're using too much margin on your trade
If you win on one trade you've raised your account by 14%, that's heck amount of money but if you lose it's also 14% gone which is also heck amount of money.

I suggest you'll start with micro account where 350$ goes 35000$

Money management is important! 3% to 5% per trade is well so good ^ ^

Hi Kostas,

coding a filter addition to that EA is an easy task. choosing the right filter, the best parameters for filter and the rules/how the filter interact with standard 50 pips rules is the most tricky part. it doesn't fair to ask me to add filter while you don't provide me the filter details. i'm just a programmer that learning how to trade.

kan you tell me some good indicator that would be posible to make an ea with for this strategy. It is important those round numbers not just 50 move. Thanks