How I grew $187.91 to $1 Million in 5 years

I'm forward testing a strategy for GBPUSD.

No trades are to be taken for arrows that are within Blue and Yellow (Asian Session). That is the reason why the last short was not taken.

However, I'm looking to take trades that appear between 2:00 AM EST to 11:00 AM EST.

I got hammered back to back last night, but small loses.

http://www.mql5.com/en/charts/213225...apital-markets

http://www.mql5.com/en/charts/213226...apital-markets

This strategy will NEVER avoid losing trades, but winners will be 3X larger that losers on average.

Cheers,
Fxturtle

This is how it looks like on Renko with Wick

http://www.mql5.com/en/charts/213286...apital-markets

http://www.mql5.com/en/charts/213287...apital-markets

http://www.mql5.com/en/charts/213288...apital-markets (5 ugly signals will be avoided if I only trade between 2:00 AM - 11:00 AM EST)

Cheers,
FxTurtle

My plan for GBPUSD is to trade

1 position when arrow show up in Range bar
1 position when arrow show up in Renko.

http://www.mql5.com/en/charts/213837...apital-markets (Closed for +40)
http://www.mql5.com/en/charts/213839...apital-markets (Closed for +50)


With Ukraine on the background, I will hold my EU short until next week, but SL is now BE +2.

Cheers,
FxTurtle

I am not taking trades for GBPUSD anymore for today.

Range bar signal came in

http://www.mql5.com/en/charts/213893...apital-markets

And Renko as well

http://www.mql5.com/en/charts/213893...apital-markets

Until next week people.

Cheers,
FxTurtle

$187.91 to $1 Million in 5 years...... sounds great... but seems lyk impossible... though best luck....

I have an EA coded for my trading that I want to share. The numbers are default. I have my own settings and you set your own. I am running this EA on range bar and Renko charts.

Cross type: DMI or EMA (I used wilder's DMI - Attached)

Buy condition (EMA Cross)
Fast EMA cross Slow EMA from below (EMA Type) +DI cross -DI (DMI Type)
Price bar closed above Ichimoku Cloud
MACD Histogram green

Sell condition
Fast EMA cross Slow EMA from above (EMA Type) -DI cross +DI (DMI Type)
Price bar closed below Ichimoku Cloud
MACD Histogram red

There is a parameter name Max Bar After Signal -
For buy,
When EMA crossed and Price bar is not above cloud yet or MACD is not yet green, it will wait for x number of bars to trade long. See example below.

If Max Bar After Signal is set to 3 or higher, the EA will short at open at point C. If the number is 2, the EA will ignore the signal.
http://www.mql5.com/en/charts/214422...apital-markets

Same logic for sell and Same logic if you you DMI Cross type

Pips cross cloud parameter - Price bar has to close above or below the cloud by the number you set. if not, signal is ignored.

Trend type - This is a manual analysis that you do. If you see uptrend, you can choose uptrend and you can either choose to trade short or not. If you still choose to trade short, the position size will be half of what you set in the Lot Options parameter.

There are other basic parameters like
Session time
SL, TP
Trail
Breakeven
Partial close

The EA will only trade one position per signal.
For session time, if you set 10:00 - 20:00 and the EA took a long at 18:00. By 20:00, the position is still open because TP is not reached. By 05:00, there is a short signal, the EA will close the current long. Also if at 05:00 TP is reached, the EA will also close the position, but will not open a short.
All new trades are only opened within session time.

You need to copy the MACD 2 and Wilder's DMI to your indicators folder. I can't remember where I downloaded the MACD 2 (I like it because of the color changed in histogram). I downloaded the Wilder's DMI from forex-tsd.

I use OVO renko for my live trading. They are more reliable than the others out there based on my experience

Try the EA on a DEMO account.
I will not be held liable for any loses you may incur using the EA.

Sample setup on GBPJPY using EMA cross type
Range bar: 8 pips
MACD: 64,112, 9
Ichimoku: 1,1,25
Fast EMA: 5
Slow EMA: 34

http://www.mql5.com/en/charts/214434...apital-markets

If you have question regarding the EA, i will try to answer them on the weekend or weekdays if I have time.


Cheers,
FxTurtle

in version 8, there is a bug in trend direction logic.

Attached is the version 7 without trend type parameter and cross type parameter.

Buy and sell is based on EMA crossover, Ichimoku, and MACD.

Version 8 will have the option of

Buy and sell is based on EMA crossover, Ichimoku, and MACD.

or

Buy and sell is based on DMI crossover, Ichimoku, and MACD.

As I have understand you are a technical trend trader. But what i dont understand is why you use 3 indicators which are all trend indicators ?MACD is almost the same as the EMA
Inn my point of view I have seen super strong system using ONLY EMA or MACD or Ichimoku. Its almost like having butter inn the bacon you dont need both to get the same confirmation.

More indicators dosent mean a better precise signal if you dont understand the true value of forex nor the indicators.

I totally agree. No rebuttal.

Last week, very nice GU

http://www.mql5.com/en/charts/215182...apital-markets

Today, very Ugly GU

http://www.mql5.com/en/charts/215183...apital-markets


That's how the market is, just because your strategy doesn't work one day, you'll just give up right away.

Cheers,
FxTurtle

The Fxturtle account was closed because DD was breached before the end of the month.

The explorer linked to this thread now is very conservative.

MACDCross10 EA is running in this account starting Today (July 27, 2014). Only trading EU and AU. (Disregard the Trend type, Trend Long, Trade Short parameters because it is still under development, but the rest of the parameters are working fine as far as I know.

This EA is designed for trend following idea using Renko charts., but you can use it the way you want it. The settings in the EA are default and not optimized for anything, use your own settings to suit your needs.

Copy the two indicators in your MQL4/indicators folder
Copy the MACDCross10 in your MQL4/experts folder

I need to get some rest and sleep, so the EA will do the trading for me for now until I get enough rest (Maybe 3 months).


Important: If use you the EA, I will not be held liable for any losses that may be incurred.

I have a custom indicator CrossSignal to guide me with my settings. The indicator does not have the parameter Pips_cross_cloud in the EA. The EA will only trigger a buy or sell if Price bar close above/below "X number of pips".

Sample Indicator difference than EA.

EA Settings:
Cross Type DMI
DMI Lenght: 14 (same indicator settings)
MACD: 12,26,9 (same indicator settings)
Ichimoku: 9, 26, 52 (same indicator settings)
Pips_cross_cloud: 5
Max Bar After Signal: 3 (Indicator name is Max Bar after ADXCross)

http://www.mql5.com/en/charts/217187...apital-markets

As you can see in the chart,

Bar A is where -DI Crossed +DI
Price bar closed below Cloud
MACD Histogram RED

For the indicator, it will short at the open of Bar B

EA will not open a short yet because,

Bottom Cloud value = 1.6828
Bar A closed at 1.6824 (My Pips cross cloud setting is 5)

Bar B closed at 1.6814, so it is more than 5 pips
EA will open a short at the open of Bar C

The parameter Max Bar After Signal or Max Bar after ADXCross will ignore the short if all requirements are not met in the next 3 bars after DI crossed. Since all requirements are meet 2 bars after -DI crossed +DI, EA will trade short.

Cheers,
FxTurtle

The EA will only trade one position at a time. It will not add a position in the same direction.

As you can see in the chart, a buy was triggered at Bar A at 1.6817 and if your TP is 150 pips, it will not add a buy at Bar B (another DI Crossed and MACD Green and Bar B above cloud. The long will be closed at 1.6967 first and will wait for the next signal to come.

http://www.mql5.com/en/charts/217193...apital-markets

However if your TP is 40 pips,

The EA will go long at Bar A at 1.6817 and will be closed at Bar B (high of 1.6859)
The EA will go long again at 1.6847 and will be closed at Bar D (high of 1.6895)

http://www.mql5.com/en/charts/217195...apital-markets

Cheers,
Fxturtle

$187.91 to $1 Million in 5 years. after you have $1 million, you would be a billionaire in 3-5 years by the same way you did with $187.91. good luck my friend...

The EA had a good start in EU taking +50, but then the market went sideways.

The EA had a good day for AU taking +80 pips.

All these happened while I was sleeping.

Cheers,
FxTurtle

AU trades:

Short at Bar A
Stopped out at Bar B
Short again in Bar C
Stopped out at Bar D

Buy signal at Bar X
Sell signal at Bar Y

EA ignored the signal at X & Y because the signal is out of session time.

http://www.mql5.com/en/charts/218418...apital-markets

EU trades today:

http://www.mql5.com/en/charts/218421...apital-markets

All my trade explorers are on a custom date starting July 27, 2014. This is the date my robot started trading for me, so I can rest and sleep.

Cheers,
FxTurtle

Visualy it looks good. But when i look closer at your trades it dosent look as good as the chart inn itself does. Do you use a scaling chart or does it has fixed parameters ? Also can i ask whats your avarage loos vs avarage profit pr trade?

Whats going on man ? you are down over 50%?

I'm losing a lot this month.

Disaster points

1. Trading multiple pairs (more than 3) is not for me.
2. Trading with slow computer during high impact news is to be avoided. (My computer was freezing during FOMC. There were good opportunities, but never made it. After that, I just lose it. Lol)
3. No trading for the day if no sex the night before. lol.

I will made it back, but not soon, maybe in the next 2 to 3 months.

Cheers,