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How much do I get paid? Webpage Code for Your Website. Forex Industry News, Aggregated. Add our tools to your site. Show Forex Dictionary links. Trading rules for sell trades opposite for buys 4 hour chart. Trade at the open of a new candle following a 'Flying Budda'. Stop loss is the high of the FB, plus some space.
Stacking describing sells as this is what the document concentrates on: Trade at the half-way price of the FB — sell stop if the candle opens above this price, or sell-limit if opens below. Only stack when the stop of the previous trade has moved to breakeven. All trading rules apply to stacked trades. If the candle closes above a previous down candle, close half of the positions.
I'm going to add this to my demo account and see what it does. Sorry I hadn't checked for so long! On a side note, I wonder how this would do on the Daily Chart Glad to see you back. I'll back test this again on a H4 and also a daily chart and report back. Sorry for my absence.
I took about two months off after some really bad decisions trading that I mad in January, plus my real job had me slammed with work I never even saw this post I backtested the EA from till present on H4 and Daily, using both long and shorts, and the H4 was superior. Here is the D1 backtest from Jan to Apr Here is the H4 backtest from Jan till Apr I put the EA in our repository here: I would have thought the D1 test would have been more profitable Does this reflect money management of risking say You know what, I noticed that my backtest on H4 did not include many months of It looked into it and I saw that I need to refresh the H4 data, in order to fill in some big data gaps in The results are not as good in this improved backtest of H4 that includes more of It seemed that the stop loss was hit too many times in , causing the strategy to struggle for many months.
It has really taken off in however. I don't know if I could stomach working with an EA can build your hopes on a few small wins only to knock them all down with a much bigger loss. A takeprofit of 25 is too small a reward for a stop loss of Flex Site Full Width Site.
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If the candle closes above a previous down candle, close half of the positions I thought it would be interesting to create an EA from an indicator based on this sytem, and so I did, testing it on H4 timeframe of EA. Only the entry condition is preserved and only shorts are taken. I changed up the exit , made it more simple.
Since it was a counter trend system, I thought it would be more fruitful to go with a stop of and a take profit of I have my doubts about this form of exit. I'll run it here on a demo.More...