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Follow the monthly candle and be profitable

  • #2,021
  • Aug 31, 2016 8:52am Aug 31, 2016 8:52am
Hi guys,

I have read the thread and started demo trades today.
Trying the MN=W1=D1 method.
Only found 2 setups.
(I also entered 2 other setups with the D1 NOT having the reversed candle, knowing it has higher chance to be a loser.)
I decided instead of fixed SL 100 TP 20 to use the ATR10 to decide. You will see on the screenshot the actual numbers if you want to check them.

I do not get up until 3-4 hours after the open of the new trading day, so I put all market orders.
Went off for about 4 hours and when I returned, saw nice GREEN!

+19 pips from 2 pairs entered "by the rules"
+46 pips from 3 pairs entered not quite by the rules.
Total: 65 pips for about 30 minutes of actual time at the computer. TOO EASY!

Results
by the rules
USDCAD +15
EURCAD +4 (manually closed it)

EURCAD +15 extra later entry


without the D1 reversal candle
AUDJPY +9
EURNZD +22

Note that I later looked at the EURCAD chart and saw it is stuck in a resistance area near my entry. When it retraced a bit, I put a pending buy limit that later was filled and ended + 15. Because those 15 pips were even more than the first EURCAD order that was "stuck", I closed the first one with just 4 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB


DrDave
To free Gazans of Hamas, use whatever it takes.
  • #2,022
  • Sep 1, 2016 4:52am Sep 1, 2016 4:52am
1 September

currently limited to placing max of 5 open positions.

By last CLOSED monthly candle
these 5 were placed
GBPJPY BUY
CADCHF BUY
NZDUSD BUY
AUDJPY BUY
AUDCAD SELL
To free Gazans of Hamas, use whatever it takes.
  • #2,023
  • Edited 9:56am Sep 2, 2016 5:37am | Edited 9:56am
Results from 9/1 trades

GBPJPY BUY +61
CADCHF BUY +18
NZDUSD BUY +37
AUDJPY BUY +26
AUDCAD SELL -19
total:+123

TOO EASY, no?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB
To free Gazans of Hamas, use whatever it takes.
  • #2,024
  • Sep 22, 2016 5:47am Sep 22, 2016 5:47am
I have a question about this system.
TP is 10 Pips.
SL is 100 pips.
Suppose u trade 27 pairs in a month. suppose 24 winners and 3 losers.
U will win 240 and lose 300. That means net loss of 60 pips, even though your win percentage is so high.
  • #2,025
  • Sep 30, 2016 6:59am Sep 30, 2016 6:59am
Quoting shahed58
{quote} Best regards for you At the time of activation Expert : In TypeOrder Write "buy" If you intend to buy and If you intend to sell in TypeOrder write "sell" Be healthy and wealthy {file}

Hi,

is it possible to get into this EA:

1.) a Trailingstop (if the position ist 25 pips in plus - sl on break even) and
2.) a safety-distance to the open of the day (e.g. Enter Long if the prise ist pips higher than the open today)

thank you

sten
  • #2,026
  • Feb 6, 2017 10:41am Feb 6, 2017 10:41am
Quoting shahed58
hi Robinho i need your admonition Please talk about your strategy... {image}
Dear @shahed58
These results are one of the best expert performances I have ever seen.
Congratulations!

Would you please share this expert? I'm very very happy if you do this!
  • #2,027
  • Mar 21, 2017 3:00am Mar 21, 2017 3:00am
you are genius, thank you so much
i will test it bro
  • #2,028
  • Apr 3, 2017 4:28pm Apr 3, 2017 4:28pm
APRIL 2017

so far this month, it's still early, JPY is showing the way to trade

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-04-04_7-26-20.png Size: 98 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,029
  • Apr 8, 2017 12:50pm Apr 8, 2017 12:50pm
Quoting 236dave
To compare risk / reward: If we had a starting balance of $10,000. Trading 27 pairs each month. We set risk per pair @ 1% each x 27 pairs = 27% risk ($2700) = 2700pips n.b. This is quite a high risk, but it is spread over 27 pairs. Last months gain = 850pips = $850 = 8.5% growth in 1 month. If this represented the average growth per month, then this would give a compounded interest rate of 266% per annum = $26,600 end of year balance. On the flip side, if we lost 27% each month for 12 months with compounding interest your end of year balance = $230!...
You can do exactly this what you want with the Blessing EA from jtalon. Its free.
  • #2,030
  • Apr 8, 2017 6:33pm Apr 8, 2017 6:33pm
Update after the first full week of trading = April 2017

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-04-09_9-29-05.png Size: 181 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,031
  • Apr 11, 2017 9:22pm Apr 11, 2017 9:22pm
Long time since last post!
  • #2,032
  • Apr 13, 2017 8:17am Apr 13, 2017 8:17am
Yes.... we working on an EA thats better than the postet and will post some backtest on 99,99% Quality.

Manuell i trade this strategy very successful. It will take some time to qualify the EA with some loadable results....please be patient
  • #2,033
  • Edited 9:24am Apr 14, 2017 7:14am | Edited 9:24am
I have here some backtest made on 99% Quality made with the first Version of the new EA.

If anybody needs the full Backtest please notify me.

Every Test runs from 01.01.2007 until 01.04.2017

Account Balance in the begin: 500 Euro / $ with lot 0,1

These Backtest is made on Daily Candles!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Daily Candle EURGBP.gif Size: 11 KB
Click to Enlarge Name: Daily Candle EURUSD.gif Size: 10 KB
Click to Enlarge Name: Daily Candle GBPJPY.gif Size: 9 KB
Click to Enlarge Name: Daily Candle GBPUSD.gif Size: 9 KB
Click to Enlarge Name: Daily Candle USDCAD.gif Size: 10 KB
Click to Enlarge Name: Daily Candle USDJPY.gif Size: 9 KB
  • #2,034
  • Apr 14, 2017 5:41pm Apr 14, 2017 5:41pm
Update after the second full week of trading = April 2017 - welcome USDJPY to the party

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-04-15_8-38-38.png Size: 97 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,035
  • Apr 22, 2017 5:26pm Apr 22, 2017 5:26pm
Quoting Snoopy1234
I have here some backtest made on 99% Quality made with the first Version of the new EA. If anybody needs the full Backtest please notify me. Every Test runs from 01.01.2007 until 01.04.2017 Account Balance in the begin: 500 Euro / $ with lot 0,1 These Backtest is made on Daily Candles! {image} {image} {image} {image} {image} {image}
How are the buy sell rules coded? And how the sl and tp?
Vucking good EA coder... https://t.ly/AZjRM
  • #2,036
  • Apr 23, 2017 4:27am Apr 23, 2017 4:27am
Quoting reteid2222
{quote} How are the buy sell rules coded? And how the sl and tp?
Hi,

the sell and the buy rules coded like the original strategy. Follow the previous Candle.

So like the previous Candle is long it will place an buystop long. If the previous Candle is short, it will be place an sellstop short.

The SL and TPīs are the same as quoted from Robinho in the first post. But i test at this time other parameters for a better performance.

The ne EA was coded with MM. And will make in one Currency Pair in 10 Years backtest from 500 Euro more than half a million.

Please let me the time to make a good EA. I will post it here when its good enough.
  • #2,037
  • Apr 23, 2017 6:54am Apr 23, 2017 6:54am
I have made two little films that postet on Youtube. You can see a full Backtest over the last ten Years in GBPJPY and a screen mode how it trades.

First Video is 28 minutes and the second with the full backtest over 1 Hour.

How to trade:
Inserted Video


Full backtest:

Inserted Video


I will made some more test with different currecny pairs in the future, so that can be traded as a basket for better performance.

Note: this is only made on an invest with 500 Euro.
  • #2,038
  • Apr 28, 2017 11:14pm Apr 28, 2017 11:14pm
Monday is May 1, 2017 - Are You Ready?

Attached Image (click to enlarge)
Click to Enlarge Name: 2017-04-29_14-11-15.png Size: 97 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,039
  • Apr 29, 2017 3:10am Apr 29, 2017 3:10am
Quoting Erebus
Monday is May 1, 2017 - Are You Ready? {image}
Hi Erebus,

please can you explain the green boxed currency pairs?

I was this week long in all these pairs, But have now closed the most of my trades.

What does HighBreak mean?
  • #2,040
  • Apr 29, 2017 5:19am Apr 29, 2017 5:19am
Quoting Snoopy1234
{quote} Hi Erebus, please can you explain the green boxed currency pairs? I was this week long in all these pairs, But have now closed the most of my trades. What does HighBreak mean?
I boxed them to highlight them as the biggest movers for the month of April 2017

It's a monthly chart, High Break is above the previous month's high

Good luck
It takes a lot for me to IGNORE you, but you can try.
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