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Follow the monthly candle and be profitable

  • #2,041
  • Apr 30, 2017 5:18pm Apr 30, 2017 5:18pm
Greetings,

I read the first few pages, has the strategy changed now.

Could someone direct me to relevant posts.
  • #2,042
  • May 1, 2017 4:26am May 1, 2017 4:26am
Quoting newtrojan
Greetings, I read the first few pages, has the strategy changed now. Could someone direct me to relevant posts.
Hi,

the Strategy is the same since the first post.

I develop a new EA for the Monthly, Weekly and the Daily Candle to trade like the original Strategy monthly. But Daily you make more Money because you trade daily.
The EA is not ready yet. But i post in intervals some backtests that you can see on Youtube how it trades.
  • #2,043
  • Edited 6:15am May 1, 2017 4:35am | Edited 6:15am
New Backtest with new implemented Moneymanagemt USDJPY Daily over ten years.
Turns 500 Euro into 2,15 Million. Fully automatic.

Inserted Video
  • #2,044
  • May 3, 2017 8:25am May 3, 2017 8:25am
Next one....EURJPY

Inserted Video


Runs gooooood
  • #2,045
  • May 3, 2017 11:10am May 3, 2017 11:10am
Good
  • #2,046
  • May 17, 2017 12:57am May 17, 2017 12:57am
Hi everybody,

so far the new EA runs good. Tested so far on EURJPY, GBPJPY and USDJPY.

The EA is not the finished version but it runs pretty good.

So i will share this version here. The EA has a Time restriction and will only run until the end of this year.
Attached File(s)
File Type: ex4 Follow last Candle (v1.2.4).ex4   188 KB | 371 downloads
  • #2,047
  • May 19, 2017 2:10am May 19, 2017 2:10am
Thanks Snoopy1234!!!!!
  • #2,048
  • May 23, 2017 11:31am May 23, 2017 11:31am
Hi Guys,

two new Backtests for Silver. Runs not so goooood like the Currencies but it makes profit too.

Once in Daily Mode Trading:

Inserted Video


and in Weekly Mode too:

Inserted Video


Monthly is also possible but makes in the whole time only one trade...thats profitable.
  • #2,049
  • May 23, 2017 12:09pm May 23, 2017 12:09pm
Quoting Snoopy1234
Hi everybody, so far the new EA runs good. Tested so far on EURJPY, GBPJPY and USDJPY. The EA is not the finished version but it runs pretty good. So i will share this version here. The EA has a Time restriction and will only run until the end of this year. {file}
The EA you have coded here, does it take into consideration only to trade if the monthly and weekly candle also e.g up/down?
Blindly following others will make you blind!
  • #2,050
  • May 23, 2017 12:44pm May 23, 2017 12:44pm
Quoting Georgebaker
{quote} The EA you have coded here, does it take into consideration only to trade if the monthly and weekly candle also e.g up/down?
No. The EA does take only the Direction when you use the Daily Mode from the past Daily Candle, in weekly the past weekly Candle and Monthly, the past Monthly Candle. All timeframes can be adressed in Single Mode. So you can make three Windows with Monthly, weekly and Daily Mode.

you can also Trade daily only in the direction wich the Monthly Candle goes. Of you want that really.

But this is Not the fully automatic Version. This is semi automatic.

Sorry that i cannot backtest.
  • #2,051
  • May 23, 2017 1:05pm May 23, 2017 1:05pm
Quoting Snoopy1234
{quote} No. The EA does take only the Direction when you use the Daily Mode from the past Daily Candle, in weekly the past weekly Candle and Monthly, the past Monthly Candle. All timeframes can be adressed in Single Mode. So you can make three Windows with Monthly, weekly and Daily Mode. you can also Trade daily only in the direction wich the Monthly Candle goes. Of you want that really. But this is Not the fully automatic Version. This is semi automatic. Sorry that i cannot backtest.
Ok thank you snoopy1234
Blindly following others will make you blind!
  • #2,052
  • May 24, 2017 7:54am May 24, 2017 7:54am
hi, snoopy, thanks for sharing this ea, but due to country blocks foreign videos sites, so i can not see your videos, can you tell me how to use this ea? is it i need to manually to open trades by this ea or others?
  • #2,053
  • May 24, 2017 10:47am May 24, 2017 10:47am
Quoting merlin1331
hi, snoopy, thanks for sharing this ea, but due to country blocks foreign videos sites, so i can not see your videos, can you tell me how to use this ea? is it i need to manually to open trades by this ea or others?
The videos don't show anything but graphs, which are pointless anyway. The original rules of the system are simple and can be easily backtested manually if you put a little effort in. No one, including the OP has posted any clear results so either it's a flop or so good no one is saying anything, probably not the latter.

As for an EA, this should be easy to program as it's a straightforward rule set, but we all know that MT4's tester is next to useless, forward test it for a year and come back with the results rather than rely on others to do the work for you, as most expect on here because they are lazy.
  • #2,054
  • May 25, 2017 7:56am May 25, 2017 7:56am
thanks wholesome give me advice. i do not like backtest. i know bt not reliable. also, i notice many members test eas and systems, but they not post any result here. no matter good or not. so it is hard for me to find the best use. systems and eas has a bunch. i need patience to test all of them . if others can tell us their test result . it will help us quickly to figure out how to properly use those eas and systems.
some people indeed lazy, but i still believe many members spend time to learn and study forex systems and eas.
  • #2,055
  • May 25, 2017 12:01pm May 25, 2017 12:01pm
Hi at all,

ta new version is now here.
With some more different parameters to use.

Yes i show only the graphic because a picture will not demonstrate the right trading of this EA. I have in this time only the backtest. Because a forward test will take some time. About 1 or 2 years That is a problem but the backtest i made are 99.9% of quality. They use the right currency in Amount and the right leverage. I can post the statement of account also if anyone want it.

Here is the ne Backtest with trades in two directons following the daily candle with uses the monthly trend.

Inserted Video


It will turn 100 Euro into 37 Million in 6 Years.

Nobody must use this EA if you want. Risk it at your side. Enjoy it.
Attached File(s)
File Type: ex4 Follow last Candle (v1.2.10).ex4   102 KB | 477 downloads
  • #2,056
  • May 25, 2017 12:52pm May 25, 2017 12:52pm
Quoting Snoopy1234
Hi at all, ta new version is now here. With some more different parameters to use. Yes i show only the graphic because a picture will not demonstrate the right trading of this EA. I have in this time only the backtest. Because a forward test will take some time. About 1 or 2 years That is a problem but the backtest i made are 99.9% of quality. They use the right currency in Amount and the right leverage. I can post the statement of account also if anyone want it. Here is the ne Backtest with trades in two directons following the daily...
With what settings are you getting these results?
Blindly following others will make you blind!
  • #2,057
  • May 25, 2017 1:22pm May 25, 2017 1:22pm
Quoting Georgebaker
{quote} With what settings are you getting these results?
Hi Georgebaker,

the parameters will be different from Broker to Broker. I testet this back on three numbers behind the komma in Gold. Most Brokers use only two numbers.

But ok.

I use the daily candle Hillow and on monthly overriding trend. Open trades in both directions if they are reached.

then tp on 1$ and SL SL on 10 cent.

Sorry i have no forworad test at this time.
  • #2,058
  • May 25, 2017 1:50pm May 25, 2017 1:50pm
Quoting merlin1331
hi, snoopy, thanks for sharing this ea, but due to country blocks foreign videos sites, so i can not see your videos, can you tell me how to use this ea? is it i need to manually to open trades by this ea or others?
Hi merlin,

no this EA runs full automatic. I will post some Script in the newar futire that will sho you the right parameters for your Broker. It is not fully ended for now.
  • #2,059
  • May 25, 2017 3:13pm May 25, 2017 3:13pm
Unfortunately you're just wasting your time.
  • #2,060
  • Edited 7:02am May 26, 2017 6:44am | Edited 7:02am
Quoting Wholesome
{quote} The videos don't show anything but graphs, which are pointless anyway. The original rules of the system are simple and can be easily backtested manually if you put a little effort in. No one, including the OP has posted any clear results so either it's a flop or so good no one is saying anything, probably not the latter. As for an EA, this should be easy to program as it's a straightforward rule set, but we all know that MT4's tester is next to useless, forward test it for a year and come back with the results rather than rely on others...

When its so easy to program, why is here nobody to make that EA?

Results where postet when i do it on an account wich runs the EA only on it.
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