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Daily green/red candle

  • #481
  • May 17, 2015 2:22am May 17, 2015 2:22am
this system works but in trending markets.
  • #482
  • May 17, 2015 2:24am May 17, 2015 2:24am
goodmorning to all

What is the first impression with the EA;
  • #483
  • May 17, 2015 2:46am May 17, 2015 2:46am
this system works in trending markets. Lmaually back test system accourding to your rules. Just a example eurocad from september 2014 very choppy weekly downtrend. in counter trend (ONLY BUY) entires 1-) Sl=0 TP 200 Win rate %44 net Profit -%2 2-) Sl 0 tp 300 Win rate % 33 Profit %0 3-) Sl 0 TP 400 win rate %7 net profit % -14 now With breakeven 1-) Sl 0 Trailing stop 150 TP 200 win rate %44 Net profit %1 2-) sl 0 ts 150 tp 300 win rate % 16 net profit%-1 3-) sl 0 ts 150 tp 400 win rate %6 Net profit %-4 so in countrend trades we doesn't earn money. now lets trade in trend (ONLY SELL) entries 1-) sl 0 tp 200 win rate %60 net profit %6 2-) sl 0 tp 300 win rate %50 net profit %14 3-) sl 0 tp 400 win rate %35 net profit 35
now with breakeven 1-) sl 0 ts 150 tp 200 net profit %1 2-) sl 0 ts 150 tp 300 net profit %5 so .Best option trade with weekly trend (only buy or sell) and sl 0 tp 300 without trailing stop. by this way you win every trending market. so ea builders can you add only buy only sell option to the ea
  • #484
  • May 17, 2015 5:09am May 17, 2015 5:09am
Quoting dimdel
goodmorning to all What is the first impression with the EA;
Well, according to the EA, the strategy is doomed to failure. I ran multiple backtests over several
different time periods and not one of them was profitable.

My forward test proves to the contrary, but it hasn't been running long enough to make any final
conclusions. If I can continue to see positive results with my demo over the next several months,
then I'd say that the strategy has a future, but only if traded manually.
  • #485
  • May 17, 2015 5:55am May 17, 2015 5:55am
I normally always use eurusd for my backtest pair, which did not work well. I will run
some more, later, to make sure I'm not screwing up.

I just ran some backtests on gbpjpy and they were profitable, so there's hope.
  • #486
  • May 17, 2015 5:58am May 17, 2015 5:58am
This is for Dezil:

There are many traders in this thread who are US citizens, which means we can't hedge our postions. Do you think
you could put together a Red/Green EA that doesn't hedge? It would be much appreciated.

Rob
  • #487
  • May 17, 2015 6:08am May 17, 2015 6:08am
you can do the follow

run the EA 1month

after do it manuall

put room entry 2 pip ( there isnt in the EA )

if we have green candle but the new candle price dont break the previus H we cancel and new order till the order activate , 2o or 12o candle
  • #488
  • May 17, 2015 6:47am May 17, 2015 6:47am
Quoting Berci
I think this modification give better results. {image}

Inserted Video
  • #489
  • May 17, 2015 9:14am May 17, 2015 9:14am
if you run a backtest with Dezil EA performance is not that great.
  • #490
  • May 17, 2015 10:31am May 17, 2015 10:31am
Quoting GoldenEA
if you run a backtest with Dezil EA performance is not that great.
if the EA arent profitable this is because the method and no the EA
Dezil apply just the rules

so as i understand with my poor english you mean that the methode isnt profitable
ok maybe you have rifgt
but please let us try or help us with something better with strategy/rules/chart
this way is more Creative , despite the general comments

thanks
  • #491
  • May 17, 2015 10:54am May 17, 2015 10:54am
Test from 2012-01-01 to 2015-05-15. I reloaded my tester and ran the test at default settings,
with 2% risk($1000 starting balance). Pair was gbpjpy. Other pairs may do better, or do worse.
Not exactly a barn-burner, but for someone who doesn't want to intervene, it might be good enough.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Green-Red_EA#2.jpg Size: 105 KB
Click to Enlarge Name: Green-Red_EA.jpg Size: 118 KB
  • #492
  • Edited 11:59pm May 17, 2015 2:44pm | Edited 11:59pm
Attached Image


hi to all
after my backtest in my basket pairs , i realize that my return is in big risk
what i mean
this month ( 1/2 may) i am +320%
so
if you have 100$ account you win 320$ ( you dont care what will happen)
if >> 1000 >> 3200 ( you start to think about)
if >> 10000 >> 32000 ( for 1/2 month is very good so you must stop ans rest )
if >> 100000 >> 320000 ( stop at once )
so i will stop trading till june
but i will start trading in demo with my filters .
i have 3 more ideas in this method green/red but i must test many things, so need time

if you want to trade with the 1st post rules , then you must go with very very attention

please any help will be appreciated.
  • #493
  • Edited 5:52pm May 17, 2015 3:10pm | Edited 5:52pm
Quoting dimdel
{image} hi to all after my backtest in my basket pairs , i realize that my return is in big risk what i mean this month ( 1/2 may) i am +320% so if you have 100$ account you win 32$ ( you dont care what will happen) if >> 1000 >> 320 ( you start to think about) if >> 10000 >> 3200 ( for 1/2 month is very good so you must stop ans rest ) if >> 100000 >> 32000 ( stop at once ) so i will stop trading till june but i will start trading in demo with my filters . i have 3 more ideas in this method green/red but i must test many things, so need time if...
Honestly, I think the best way to run this strategy is to look at the price action and let that be your guide. IOW, trade what you see.

Dimdel, don't stay away too long. And thank you very much for posting your strategy.

Chicago
  • #494
  • May 17, 2015 3:21pm May 17, 2015 3:21pm
Quoting ChicagoRob
{quote} Honestly, I think the best way to run this strategy is to look at the price action snd let that be your guide. IOW, trade what you see. Dimdel, don't stay away too long. And thank you very much for posting your strategy. Chicago
HI ROB

this strategy cant classificate to trend trading or scalp trading

so what i am?
where i am going?
i have identity problem ?

hehe i am joking
so
i want make focus in daily candle momentum without see the big or small TF
so i would like to have your oppinions about that
  • #495
  • May 17, 2015 5:53pm May 17, 2015 5:53pm
Quoting Dezil
EA attached. settings: RiskSum - the sum in dollars which you want to risk in each trade. Default 0 RiskPercent - what part of current balance you want to risk in each trade. Default 3%. If you set it to 0 then EA will use RiskSum to calculate risk per trade SLfactor - what part of previous candle size you want to use as SL. Default 1 - that means that SL is all previous candle size. TPfactor - the same as SL. Default 1 - means that TP=SL or RR 1/1 or TP is Fibo 200. So if you want RR 1/2 set it to 2. Actually you can use any value. BEfactor - when...
Dezil wonderful work, would you be willing to post the mql4 file so we can build upon it, specifically money management aspects?
  • #496
  • May 17, 2015 9:22pm May 17, 2015 9:22pm
Quoting dimdel
{image} hi to all after my backtest in my basket pairs , i realize that my return is in big risk what i mean this month ( 1/2 may) i am +320% so if you have 100$ account you win 32$ ( you dont care what will happen) if >> 1000 >> 320 ( you start to think about) if >> 10000 >> 3200 ( for 1/2 month is very good so you must stop ans rest ) if >> 100000 >> 32000 ( stop at once ) so i will stop trading till june but i will start trading in demo with my filters . i have 3 more ideas in this method green/red but i must test many things, so need time if...
Wrong maths there.

If +320%, it's $1000 deposit for $3200.
For your calculation, it's 32%, mate.
  • #497
  • May 17, 2015 11:36pm May 17, 2015 11:36pm
I think its a valid system but just needs a couple of tiny filters to increase returns to something worth using.

I have been looking at previous 3 candles and if the 4th is different colour then I wait for a new candle to close the same as the 3 and then add an entry order at the high or low of that 5th.
Winners add to winning trades!
  • #498
  • May 18, 2015 12:00am May 18, 2015 12:00am
Quoting FxLapozi
{quote} Wrong maths there. If +320%, it's $1000 deposit for $3200. For your calculation, it's 32%, mate.
thats why you have 286% return
your maths are better
  • #499
  • May 18, 2015 12:02am May 18, 2015 12:02am
Quoting marshalmax
I think its a valid system but just needs a couple of tiny filters to increase returns to something worth using. I have been looking at previous 3 candles and if the 4th is different colour then I wait for a new candle to close the same as the 3 and then add an entry order at the high or low of that 5th.

show us a chart please
  • #500
  • May 18, 2015 2:13am May 18, 2015 2:13am
Quoting marshalmax
I think its a valid system but just needs a couple of tiny filters to increase returns to something worth using. I have been looking at previous 3 candles and if the 4th is different colour then I wait for a new candle to close the same as the 3 and then add an entry order at the high or low of that 5th.
The problem is some people condemn a system without really having adequate knowledge on trading.

I believe every system works on its own but not to perfection. The fact that people share it is because they need general insight from other traders to modify and enhance it so that the performance is close to perfection. However, the general perception is what is given must either be profitable or vice versa.

You can give the system to 10 traders with the same rules but they will come out with 10 different results. At the end of the day, all it matters is how you trade it. Some yields big profit using the same system , some suffer loss applying the same rule.

Why? It's simple. It's both technical and mental aspect. Mentality is one thing. Knowledge in trading is another. One can only get better with more experience.

For instance, few pages back, one of us here entered a trade on a doji mainly because on his chart it's "GREEN". However, it might be red in other broker's chart. Under such circumstances, it's better not to enter the trade at all.

Remember, when you are not losing, you are already winning. The market is there 24/5. You don't have to rush to trade just for the sake of trading. There are enough fishes in the pond for everyone. It's how you fish , that matters the most.

Anyway, I am still testing this system on demo and LIVE. The trades entered on LIVE was mainly because it was confirmed by my other system. As for the demo, it's pure backtesting purposes.


Just my 2cents.
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