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Follow the monthly candle and be profitable

  • #541
  • Nov 6, 2014 6:01pm Nov 6, 2014 6:01pm
In short EURUSD 1.20000 ... Tomorrow can reach 1.22000
  • #542
  • Nov 7, 2014 7:43am Nov 7, 2014 7:43am
Quoting Robinho
Input D1 07/11 EURCAD sell 1.4129
those who made monthly inflows could put the results please ... A great weekend for everyone.
The results of 07 day / 11
Attached Image (click to enlarge)
Click to Enlarge Name: Resultado 07 11 2014.png Size: 234 KB
  • #543
  • Edited 10:03am Nov 7, 2014 9:44am | Edited 10:03am
Quoting SmoothTrader
Great insight Phantom-X. I have attached a script that will read weather the last weekly bar was up or down. It will then place a Buy order immediately if it was up or a Sell order immediately if it was down. Be sure to load it into your SCRIPT Folders. GREEN pips to you all. {file} {file}

I put the script on the chart in 27 pairs, but the script does not appear ... is that so?

please could leave a template to facilitate,, because I'm having trouble ... the script does not appear.
  • #544
  • Nov 7, 2014 10:48am Nov 7, 2014 10:48am
Here is the EA that I have been working on for the WEEKLY CANDLE trade. Put it into the EXPERTS folder and drag it onto the chart you want it to run on. It will place an order to SELL at Monday's opening if the previous Weekly candle was down, and it will place a Pending BuyStop at the High of the previous day's candle. It will place an order to Buy at Monday's opening if the previous Weekly candle was up, and it will place a Pending SellStop at the Low of the previous day's candle. If the Pending order is not filled by Friday it will be deleted.

It is set-up for 20 pips TakeProfit and 80 pips StopLoss. You can adjust both of those to whatever you like.

I did some back-testing on the MT4 platform and it showed some promise. Particularly on GBP/CHF, EUR/CND, GBP/JPY, AUD/USD, EUR/JPY, and AUD/JPY. I'll be running a forward test on these particular pairs.

I am looking at adding a Partial Profit, Trailing Stop, and other functionality to the EA in the near future.

If you have questions, please feel free to PM me.

GREEN pips to all.


Attached File(s)
File Type: mq4 Weekly EA V1.MQ4   83 KB | 498 downloads

Attached File(s)
File Type: ex4 Weekly EA V1.ex4   132 KB | 471 downloads
  • #545
  • Nov 7, 2014 10:50am Nov 7, 2014 10:50am
Quoting Robinho
{quote} I put the script on the chart in 27 pairs, but the script does not appear ... is that so? please could leave a template to facilitate,, because I'm having trouble ... the script does not appear.
The scripts will only work on Mondays, and you have to put them on the chart each time you want to run them.

I have uploaded an EA that you can attach to the chart and it will continue to work week after week.

GREEN pips to you.
  • #546
  • Nov 7, 2014 10:52am Nov 7, 2014 10:52am
Quoting Robinho
{quote} those who made monthly inflows could put the results please ... A great weekend for everyone. The results of 07 day / 11 {image}
I will be giving a recap of my monthly trades this weekend.

I'll to the same for the daily EA that I have been running for two weeks now.

GREEN pips to you always.
  • #547
  • Nov 7, 2014 11:40am Nov 7, 2014 11:40am
Excuse me, but the weekly candle pairs EURAUD and GBPAUD the script will arm as orders? Buy stop?

The EA has the same function as the script? What are the differences in operations?
  • #548
  • Nov 7, 2014 2:35pm Nov 7, 2014 2:35pm
Quoting SmoothTrader
Here is the EA that I have been working on for the WEEKLY CANDLE trade. Put it into the EXPERTS folder and drag it onto the chart you want it to run on. It will place an order to SELL at Monday's opening if the previous Weekly candle was down, and it will place a Pending BuyStop at the High of the previous day's candle. It will place an order to Buy at Monday's opening if the previous Weekly candle was up, and it will place a Pending SellStop at the Low of the previous day's candle. If the Pending order is not filled by Friday it will be deleted....
Thanks for your effort and sharing the EA. I'll test the EA and give the result
green pips to you
  • #549
  • Nov 7, 2014 3:58pm Nov 7, 2014 3:58pm
Quoting SmoothTrader
Here is the EA that I have been working on for the WEEKLY CANDLE trade. Put it into the EXPERTS folder and drag it onto the chart you want it to run on. It will place an order to SELL at Monday's opening if the previous Weekly candle was down, and it will place a Pending BuyStop at the High of the previous day's candle. It will place an order to Buy at Monday's opening if the previous Weekly candle was up, and it will place a Pending SellStop at the Low of the previous day's candle. If the Pending order is not filled by Friday it will be deleted....
shall i put it on weekly chart or daily chart?
  • #550
  • Nov 7, 2014 4:06pm Nov 7, 2014 4:06pm
Quoting Robinho
Excuse me, but the weekly candle pairs EURAUD and GBPAUD the script will arm as orders? Buy stop? The EA has the same function as the script? What are the differences in operations?
The EA runs continuously. You do not have to use it each week. A script is a one time use.

GREEN pips to you and have a great weekend.
  • #551
  • Nov 7, 2014 4:08pm Nov 7, 2014 4:08pm
Quoting kasrafx
{quote} shall i put it on weekly chart or daily chart?
You can put it on the time frame of your choice. It will operate based on internal parameters, NOT based on what chart time frame you have it set up on.

Have a great weekend, and may the GREEN pips find their way to you with ease and consistency.
  • #552
  • Nov 7, 2014 6:12pm Nov 7, 2014 6:12pm
Quoting SmoothTrader
{quote} The EA runs continuously. You do not have to use it each week. A script is a one time use. GREEN pips to you and have a great weekend.

Has put together a script and another account with EA. Thank you friend for your dedication. The world needs good men.
A good weekend to all.
  • #553
  • Edited 11:04pm Nov 7, 2014 6:37pm | Edited 11:04pm
Here are the results, so far, for the monthly trades utilizing 20 pip pending orders from the monthly open, 60 pip TP, and 100 pip SL.

18 winning trades, 7 losing trades, 1 trade still open, and 4 pending trades.

That's +1080 pips for the winning trades and -700 pips for the losing trades. Net +380 pips so far.

Best possible result, if open and pending trades go to TP, is net +680 pips for the month.
Worst possible result, if open and pending trades go to SL, is net -120 pips for the month.

WINNING PAIRS: EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAN, EUR/CHF, EUR/JPY, GBP/CHF, GBP/JPY, AUD/CAN, AUD/JPY, CAN/JPY, CHF/JPY, NZD/CAD, NZD/JPY, GBP/CAD,GBP/NZD, USD/SGD

LOSING PAIRS: EUR/CAD, CAD/CHF, GBP/SGD, EUR/NZD, NZD/CHF, NZD/USD, AUD/NZD

PAIRS STILL OPEN: EUR/GBP

PENDING ORDER PAIRS: AUD/CHF, AUD/USD, EUR/AUD, GBP/AUD



GREEN pips to all.
  • #554
  • Nov 7, 2014 9:04pm Nov 7, 2014 9:04pm
Can you post the results.
Thanks.
  • #555
  • Nov 7, 2014 11:05pm Nov 7, 2014 11:05pm
Quoting Naz1973
Can you post the results. Thanks.
I updated the post to list the pairs.

GREEN pips to you always.
  • #556
  • Nov 8, 2014 2:34am Nov 8, 2014 2:34am
ok friends while we are doing a blanket 27 pair weekly trade approach , i am giving it a little tweak in concentrating on a few of the 27 pair which i think hold great promise. valid till 10 -14 nov 2014.


So for next week these are my pairs each gunning for 60 -100 pips with same 100 pips sl

SELL
AUD CAD 0.9783 below sell it
AUD NZD 1.1137 below sell it
AUD CHF 0.8341 below sell it

BUY
EURAUD 1.4421 above buy it
GBPAUD 1.8378 above buy it

We will review it at the end of next week .
  • #557
  • Nov 8, 2014 3:50am Nov 8, 2014 3:50am
Quoting SmoothTrader
Here are the results, so far, for the monthly trades utilizing 20 pip pending orders from the monthly open, 60 pip TP, and 100 pip SL. 18 winning trades, 7 losing trades, 1 trade still open, and 4 pending trades. That's +1080 pips for the winning trades and -700 pips for the losing trades. Net +380 pips so far. Best possible result, if open and pending trades go to TP, is net +680 pips for the month. Worst possible result, if open and pending trades go to SL, is net -120 pips for the month. WINNING PAIRS: EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAN,...
I selected 29 pairs and my rusult is different. 1 in trade 4 pending,15 hit TP and 9 went in loss. So selection of the pairs is debate able.....
  • #558
  • Nov 8, 2014 4:38am Nov 8, 2014 4:38am
I joined little late so i put the orders on 5th and so far i have 5 wins and no loss as yet , some of the pairs are in the trade and some have not initiated.

i am trading only the 27 pairs given in first post. i shall update going forward.
  • #559
  • Nov 8, 2014 4:38am Nov 8, 2014 4:38am
Quoting SmoothTrader
Here are the results, so far, for the monthly trades utilizing 20 pip pending orders from the monthly open, 60 pip TP, and 100 pip SL. 18 winning trades, 7 losing trades, 1 trade still open, and 4 pending trades. That's +1080 pips for the winning trades and -700 pips for the losing trades. Net +380 pips so far. Best possible result, if open and pending trades go to TP, is net +680 pips for the month. Worst possible result, if open and pending trades go to SL, is net -120 pips for the month. WINNING PAIRS: EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAN,...
My results are a little different also. Perhaps just as a result of using a different broker, account type. So far equity +6.89% on a very small live account so pretty happy considering the effort involved.

1 in trade, 4 pending, 15 hit TP and 7 hit SL - 27 pairs in total
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 322 KB
  • #560
  • Nov 8, 2014 6:27am Nov 8, 2014 6:27am
Quoting SmoothTrader
Here are the results, so far, for the monthly trades utilizing 20 pip pending orders from the monthly open, 60 pip TP, and 100 pip SL. 18 winning trades, 7 losing trades, 1 trade still open, and 4 pending trades. That's +1080 pips for the winning trades and -700 pips for the losing trades. Net +380 pips so far. Best possible result, if open and pending trades go to TP, is net +680 pips for the month. Worst possible result, if open and pending trades go to SL, is net -120 pips for the month. WINNING PAIRS: EUR/USD, GBP/USD, USD/CHF, USD/JPY, USD/CAN,...
Good Morning !!! congratulations !!!
Not work because they are eEURCHF EURGBP pairs with low volatility
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