U-Point Indicator & EA

In the development of U-Point, by mistake a coding error performed a great different signal, which we looked into, then coded within the U-Point indicator and EA

There is a setting called "flip signal"

As you can see from the picture, the first 2 red arrows would be invalid trades (as the LSMA line is green, however the 3rd red arrow shows a great winning trade)

Likewise the 1st green arrow (left of the picture) shows a winning trade, the 2nd green arrow is invalid, but the 3rd is also a good winning buy trade.

Stoploss is placed 2 candles back.

EURCAD 1 hour time frame

Flip siganls with U-Point

3 winning trades, 1 losing trade

U-Point EA v1.3 uploaded to #post 1 which fixes a minor bug in setting stoploss

EA will expire 03/06/16

Please post any feedback.

Can someone please run the U-Point EA v1.3 on the 1 and 4 hour time frame with the flipped settings to true for the week coming?

Using same settings as post 17, for the 4 hour settings apart from the flip setting now = true

Please use demo account

Feedback, anyone?

Whats good?
Whats bad?
What settings works the best?
Which time frame?
Any other methods to filter out bad trades?
What should the risk / reward be set at?

Any feedback welcomed
Regards
Craig

U-Point v1.5 now in development. Which is using the AO and AC to also filter out trades.

If you have the U-Point indicator, please look at this method (i.e using the AO and AC )and tell me what you think

Buy only valid if on close of current candle AO and AC = green
Sell only valid if on close of current candle AO and AC = red

First signal is a valid winner
Second and third signals not valid trades

On 4 hour U-Point EA flip settings 1.88% account growth today, 89.9 pips banked

Using EMA of 20 / 50 on current chart and 50 / 200 on daily chart

Some good results coming in now, using the AO and AC filter

Todays results
4 hour flip 1.51% account growth 115.1 pips banked
4 hour 4.54% account growth 432.9 pips banked

Demo accounts will be rest and then traded for one month without adjusting settings to get a indication on results, with Myfxbook links added to this forum.

I will update thread one with U-Point EA v1.5 which auto trades the system with the LSMA, AC and AO filters

(I use Moving average of 20 and 50 on current chart and 50 and 200 on daily chart)

Regards
Craig

www.afkforex.wix.com/upoint

Two new demo accounts set to trade. Will publish the results here.

4 hour and 4 hour flip

Results @ 18:16

U-Point EA on 4 hour
Daily = 50.7 pips banked, 0.25% account growth
Weekly = 50.7 pips banked, 0.25% account growth
https://www.myfxbook.com/members/afk...int-4h/1648864

U-Point Flip EA on 4 hour
Daily = 0 pips banked, 0% account growth
Active trade open on EURUSD
Weekly = 0 pips banked, 0% account growth
https://www.myfxbook.com/members/afk...h-flip/1648874

http://afkforex.wix.com/upoint

Feedback, anyone?

31.05.16 Results @ 18:23

U-Point EA on 4 hour
Daily = no trades activated

Weekly = 50.7 pips banked, 0.25% account growth

https://www.myfxbook.com/members/afk...int-4h/1648864

U-Point Flip EA on 4 hour
Daily = 567.4 pips banked, 3.46% account growth
Active trade still open on GBPNZD currently SL locked in 152.4 pips, waiting to hit TP4

Weekly = 567.4 pips banked, 3.46% account growth

https://www.myfxbook.com/members/afk...h-flip/1648874

U-Point web site
http://afkforex.wix.com/upoint

14 day Indicator trial USD$10
14 day EA trial USD$11

Here are my 4 hour settings for the U-Point EA system

For the flip system, just change the setting "flip signal = true"

01.06.16 Results @ 17:37

U-Point EA on 4 hour
Daily = -436.8 pips, -3.03 account loss

Weekly = -386.1 pips, -2.79% account loss

https://www.myfxbook.com/members/afk...int-4h/1648864

U-Point Flip EA on 4 hour
Daily = 385.4 pips banked, 1.75% account growth

Weekly = 952.8 pips banked, 5.27% account growth

https://www.myfxbook.com/members/afk...h-flip/1648874

U-Point web site
http://afkforex.wix.com/upoint

14 day Indicator trial USD$10
14 day EA trial USD$11

Hi Craig, any updates to this? I purchased but haven't traded yet until I get some feedback from you as to the best timeframe. Please advise when the PDF will be available. Thank you

Update to this system

I've been trading this system on various different time frames and settings, so far the best results are coming from the 4 hour time frame with the below settings

Last week
426.3 pips banked, 3.14% account growth

This month so far
69.8 pips banked, 0.55% account growth

Year to date
120.5 pips banked, 0.80% account growth

Myfxbook.com results
https://www.myfxbook.com/members/afk...int-4h/1648864

Today's results @18:15

Trading U-Point 4 hour system fully auto EA (no manual trading involved)

Today
439.7 pips banked, 2.05% account growth

This Month
509.5 pips banked, 2.61% account growth

This Year
560.2 pips banked, 2.87% account growth

Myfxbook results
https://www.myfxbook.com/members/afk...int-4h/1648864

With U-Point v2 the order management SL & TP has been changed.

Each order will be 0.4% of the account balance (giving 2.5% account risk per trade set)

As you can see from the picture of the spreadsheet, the system only needs 3 orders to hit the first Take Profit level to secure 1% account growth (if using 1% for each order set)

By off setting the SL levels, it gives the pair a bit more room to move. On higher time frames, this looks like a great winner

U-Point v2 should be ready by the end of this week