5 Candles trend following system

Spending an evening with a calculator and a piece a paper is a great exercise for maintaining a healthy brain. It's also great if something comes out of it.
I (until proved otherwise) developed a very easy mechanical system using trend following.

I used Eckhardt's criterion for confirming a possible trend.

This system also uses the last five candles in the following ways.

U= Bull candle (+1) D= Bear Candle (-1) Doji= 0

U U U U U +5

D U U U U +3

D D U U U +1

D D D U U - 1

D D D D U - 3

D D D D D - 5

If the trend is bullish and its confirmed by Eckhardt's criterion and you calculate the last 5 candles and get a +1 or higher you enter a long position.
If the trend is bearish and its confirmed by Eckhardt's criterion and you calculate the last 5 candles and get a -1 or lower you enter a short position.

Using proper MM can this system be profitable over time? I curious if anyone can back test this, I don't know mt4 enough to this. Any help or feedback will be appreciated.

Voro

Hi Voro

You will need additional info to the entry condition to determine it's validity using an EA. This is where it can get quite subjective dependant on the trend following technique (eg. whether you let the profits run with a trailing exit or set a profit target, position sizing, risk allowance etc.) so it may de difficult isolating the efficacy of the entry technique. Some EA programmers here will have a better idea of this than me but this is my 2c.

Perhaps use the same system with a random entry technique versus the same system with Echardt's technique to evaluate the effectiveness of entry using historical data of a sufficent data sample .:-)

Hi Voro,
That's look like a good way to confirming a possible trend,But please add the detial of the system.best wishes.

Describe Eckhardt's criterion for confirming a possible trend.
Thanks

When do you start the count ?

Where is 'a' in d equation ?