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EURUSD Trader's Journal

  • #101
  • Dec 16, 2014 12:46am Dec 16, 2014 12:46am
Quoting Nf414
{quote} Hello ciptard Thanks for sharing! Congratulations on your results; they look intriguing :-) Now, i downloaded your EA, but can't seem to get it up and running for backtesting. I'm bombarded with error-messages stating, the EA is only for FBS broker (i'm on a demo acct.). Is there any way to fix this? Keep the good work up! Regards
Quoting Nf414
{quote} I'm not quite sure what "FBS only" means. I have set up a demo account from within Metatrader4.. it's named "OANDA-Japan Practice". Would this qualify? Thanks in advance
Hi Nf414,
I did refreshed this page a few times before my last post (Post #100) but I didn't see your post, that's really weird.

Ok, the reason why it's only for FBS is because every broker has different candles, their OHLC are totally different. For example, the OHLC I count for my first and second formula only works if I count the candles from FBS, otherwise, it's not working. I did test my third formula on 3 brokers (FBS, OctaFx, and Alpari 5 digits) and it seems only works in FBS and OctaFx without any fails. But if you really want to try it on Oanda-Japan Practice, I think I can set it up for you, just post your demo account number. Make sure the demo server name is Oanda-Japan Practice, and make sure your demo account using 1:500 leverage and make sure it's a 5 digits broker.
Let the market comes to you!
  • #102
  • Dec 16, 2014 1:43am Dec 16, 2014 1:43am
ok about my second formula today :

  1. I was sleepy, then I loaded my EA (second formula) to the chart
  2. I went to my bedroom and took a short nap
  3. After 3 hours, my sister made a phone call to me and asked if there was any trades for the second formula, she couldn't trade because she was busy doing something else
  4. Soon I went to my PC and "oh damn, it's opened already, nice, up up up!!" I took a screenshot of my trades, here it is :
  5. Attached Image (click to enlarge)
    Click to Enlarge Name: trade_EU_080.png Size: 15 KB
  6. It was just a few pips before hitting the TP, but everything changed when the fire nation attacked. Oops... that's the story of Avatar Aang
  7. All candles started turning RED, I opened my master account using the investor password, DAMN!!! he already closed all his positions when price still at the top
  8. I started to close all my positions, good thing is there was still some profit left. Here it is :
  9. Attached Image (click to enlarge)
    Click to Enlarge Name: trade_EU_080b.png Size: 54 KB

So, today profit is 2.92%

Let the market comes to you!
  • #103
  • Dec 16, 2014 2:44am Dec 16, 2014 2:44am
turns out the TP of my second formula was hit, not my lucky day then.
Attached Image
Let the market comes to you!
  • #104
  • Dec 16, 2014 5:09am Dec 16, 2014 5:09am
Quoting ciptard
EA for easytrading3 : {file} If you wanna have a try too, just post your demo account number (FBS only) with 1:500 leverage
Thx very much.

I will try it right away and report my results.

Have a nice day
P.
  • #105
  • Dec 16, 2014 5:43am Dec 16, 2014 5:43am
if current H1 candle closes above 1.25068, the last two candles will match my third formula. I've attached my EA to the chart using my demo account. If the formula fails this time, it's to be expected, because the trend of current H1 is bullish while the idea of my third formula is to search for strong reversal signal, so the previous should be bearish instead of bullish for it to work.

According to that analysis, seems like I have to add one more filter :

  1. the candle with yellow arrow has to be bearish instead of bullish, wether if it has a Higher High and a Higher Low or bar close > bar open compare to the next candle on the right

​

Attached Image


But let's just see what will happen next!
Let the market comes to you!
  • #106
  • Dec 16, 2014 6:00am Dec 16, 2014 6:00am
Quoting ciptard
if current H1 candle closes above 1.25068, the last two candles will match my third formula. I've attached my EA to the chart using my demo account. If the formula fails this time, it's to be expected, because the trend of current H1 is bullish while the idea of my third formula is to search for strong reversal signal, so the previous should be bearish instead of bullish for it to work. According to that analysis, seems like I have to add one more filter : the candle with yellow arrow has to be bearish instead of bullish, wether if it has a Higher...
doesn't match the criteria, the latest closed candle is too tall
Let the market comes to you!
  • #107
  • Dec 16, 2014 7:05am Dec 16, 2014 7:05am
Quoting easytrading3
{quote} Thx very much. I will try it right away and report my results. Have a nice day P.
You're welcome!
Have a nice trading!
Let the market comes to you!
  • #108
  • Dec 16, 2014 7:33am Dec 16, 2014 7:33am
let's see what will happen to EURUSD H1 TF
Attached Image (click to enlarge)
Click to Enlarge Name: candle_pattern_1.png Size: 173 KB
Let the market comes to you!
  • #109
  • Dec 16, 2014 9:33am Dec 16, 2014 9:33am
all today positions (latest trade is inside the green box):
Attached Image (click to enlarge)
Click to Enlarge Name: trade_EU_080c.png Size: 46 KB

ROI 3.22%
Let the market comes to you!
  • #110
  • Dec 16, 2014 11:31am Dec 16, 2014 11:31am
Quoting ciptard
all today positions (latest trade is inside the green box): {image} ROI 3.22%
keep up the good work mate
  • #111
  • Dec 16, 2014 11:45am Dec 16, 2014 11:45am
I dont trust "magic formula"..

Please explain a little bit more..

You counting ohlc to determine your SL ?
  • #112
  • Edited 2:08pm Dec 16, 2014 1:52pm | Edited 2:08pm
Quoting josh11
{quote} keep up the good work mate
yeah, I will! thanks..

Quoting ForexSamsam
I dont trust "magic formula".. Please explain a little bit more.. You counting ohlc to determine your SL ?
ok, let's say the magic formula is (T*U)/(V*W) = X.
T, U, V, and W are Open, High, Low and Close.

  1. If the result of X is within the range from 1-3, today price will always touch current price Open + 7 pips. So, no matter what happen, I will open BUY position and set my TP at current price Open + 5 pips. If the the price goes down and making sideway, I just need to open another position and set the same TP to maximize my profit. The more sideway there is, the more profit I will make.
  2. If the result of X is within the range from 4-6, today price will always touch current price Open - 7 pips. So, no matter what happen, I will open SELL position and set my TP at current price Open - 5 pips. If the the price goes up and making sideway, I just need to open another position and set the same TP to maximize my profit. The more sideway there is, the more profit I will make.
  3. If the result of X is within the range from 7-9, there will be no trades for today.

It's as simple as that.
Please also note that I've been using this formula since one year ago, even more. Many things have been revised and it's getting more accurate now.

Anyway, I learned this first and second formula from my master, he turned his 2k to 80k in just one year. So, yeah, I'm very confident with my trades. As for the third formula, I made it myself based on the idea of strong reversal signal with very specific criteria.

UPDATE :
this is the backtest results of my second formula, making use the sideway to maximize the profit. 1k to 13K within 7 months period.

Attached Image (click to enlarge)
Click to Enlarge Name: backtest_second_formula.png Size: 159 KB
Let the market comes to you!
  • #113
  • Dec 16, 2014 4:44pm Dec 16, 2014 4:44pm
Quoting ciptard
{quote} yeah, I will! thanks.. {quote} ok, let's say the magic formula is (T*U)/(V*W) = X. T, U, V, and W are Open, High, Low and Close. If the result of X is within the range from 1-3, today price will always touch current price Open + 7 pips. So, no matter what happen, I will open BUY position and set my TP at current price Open + 5 pips. If the the price goes down and making sideway, I just need to open another position and set the same TP to maximize my profit. The more sideway there is, the more profit I will make. If the result of X is...
Thx for sharing. It sounds very promising.
No trades so far by 3rd formula EA. I assume it works only on EUR/USD?

Kind Regards
P.
  • #114
  • Dec 16, 2014 5:02pm Dec 16, 2014 5:02pm
trade for today (my first formula) :
BUY, TP at 1.25154 .
It's better to wait for the price to go down first.
Since there will be FOMC, I won't open any positions unless there is a 15 pips sideway from the TP (or even more).
Let the market comes to you!
  • #115
  • Dec 16, 2014 5:37pm Dec 16, 2014 5:37pm
For (T*U)/(V*W), did you use H1 ?

in a day we have 24 values of ohlc ?

did you make a average ?
  • #116
  • Dec 16, 2014 6:04pm Dec 16, 2014 6:04pm
Quoting easytrading3
{quote} Thx for sharing. It sounds very promising. No trades so far by 3rd formula EA. I assume it works only on EUR/USD? Kind Regards P.
You're welcome! Yes, it's only for EU. But my third formula has totally different concept from the first and the second.

Quoting ForexSamsam
For (T*U)/(V*W), did you use H1 ? in a day we have 24 values of ohlc ? did you make a average ?
That wasn't the actual formula, that was just an example.
No, only two candles.
Let the market comes to you!
  • #117
  • Dec 16, 2014 6:43pm Dec 16, 2014 6:43pm
I changed my TP to 1.25134. This is my current trades :
Attached Image (click to enlarge)
Click to Enlarge Name: trade_EU_081.png Size: 14 KB
Let the market comes to you!
  • #118
  • Dec 16, 2014 8:18pm Dec 16, 2014 8:18pm
Results of my first formula :
Attached Image (click to enlarge)
Click to Enlarge Name: trade_EU_081b.png Size: 17 KB

Today ROI 2.04%
Let the market comes to you!
  • #119
  • Dec 17, 2014 12:00am Dec 17, 2014 12:00am
Hi Ciptard

No new trades as yet, still watching, I did run the back test. It took 20 trades, all successful. One question, why to you do not trade after 16:00.

koh....
  • #120
  • Edited 3:14am Dec 17, 2014 2:29am | Edited 3:14am
Quoting Koh Samet
Hi Ciptard No new trades as yet, still watching, I did run the back test. It took 20 trades, all successful. One question, why to you do not trade after 16:00. koh....
Because there are a lot of false signals.

anyway, my third formula only trade these kind of candles :
Attached Image (click to enlarge)
Click to Enlarge Name: secrets_of_ciptard_third_formula.png Size: 90 KB

The rules are very strict. You have to be very patience.
Let the market comes to you!
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