Daily green/red candle

Chart is EU H4 and don't mind the indi there.. I'm using that indi for something else as Green red uses no indi

Next time i'll remove it before

hi
we have diff chart
i cant see your candles

anyway

tomorrow no good day for trade

Removed the indi.
Currently long and 100% reached (will move the SL to BE in a sec )

Yes, it does differs from broker to broker how candles are drawn because of the timezone of the broker.

goodmorning

today , better organize next days trades ,

hi eng
i dont use EA
(sorry for late answer)
because i include and price action

hi laksior

every new h4 color

my crystal ball showing the future

Hi Dimdel,

Just to clarify your red-Green method and understand the results presented in this thread:
- Time Frame: H4.
- Trading Hours: ??
- Traiding pairs: ??
- Opening: When a new candle changes color compared with the previous one.
- TP: 200-300 fibo.
- SL: 0 fibo
- Trailing Stop: 150 fibo ?
- Heldging alowed.
- Maximum risk per trade: 5%
- Other reasons to not enter the market?

I understand this is the rules yoy have applied to obtain 380% benefit so far. Right? I want to use the same configuration to be able to compare results

Thanks!

That's the problem with H4 and D1, and the reason I only use GMT+2 brokers (i.e. proper forex time) for trading those.
Most indicator simply do not work correctly on any other timezone!

So you're saying it will either go up or down?

But you are right, that if it breaks the zone you drawn it should make a run for it.

Recommend to not trade today and tomorrow?

After hitting that wall and next few days of annoying tries and fails, I've managed to make it to open pending orders on each new candle, set proper SL/TP, moving to BE after 150% fib.
If a pending order doesn't trigger, it's cancelled on the next candle, however if that new candle is a signal candle for a trade in the opposite direction, it doesn't place a new order but rather skips it and continues on to the next candle. That's pretty annoying so far, since coding this particular part should be very simple, but the solution still eludes me.

After that I'll at least have to figure out how to make the EA scale each position size relative to the pips/account percentage risked.

Another thing, I'd like it to move BE further to 150% after price reaches 180% fib, it might be good money management in the long run.

I am currently testing this EA, just simple FGR with auto lot sizing.

My next step will be adding the break even function, just need the time to get around to it.

Will post as soon as I have it.

I have tried some other indicators as filters as well, but doesent seem to add any value

Well, I made the EA.

I made a few backtests on EUR/USD H4 (backtester is much faster than on MT4). If risk is more than 35 pips, position size is half the size than if less than 35 pips. Stop loss moves to breakeven on 150%fib. Results on past 3 months not good. A little better if SL further moves to 150% if price reaches 180%fib.

Attached results for period Nov'14-Nov'15.
The amount (volume) format is in millions.

Holler if you want another instrument/candle.

EDIT - In all fairness though, I've noticed quite a few hiccups in the historical chart feed, not all candles are the same as on real time feed, some weird ea "decisions" as opposed when I forward test it when it works flawlessly on every TF. So you might say my backtest is useless. (Or not.) Forward testing seems to work, so I'll be paying attention to that next week. Till next Monday I'll make it work on a dozen pairs (works a bit different than in mt4) so at least I don't have to be near the computer.

100 pages !! congrats....

goodmorning

the last candle too small=too risky
but finally work

we must are short, no?

Yes, I am short

Yes, but again earlier than the H4 closed, because the bounce from trendline was so obvious