For those interested you might want to try this EA test Pick a pair Pick a year long period to test over Use length 66 for length (78 for JPY pairs) Use this years baseline if you can't be bothered to work out the MM levels for your period. Enter ...

Pure & simple Abonacci system

Like you I've yet to find the right combination of levels and rules that are universally profitable (and I suspect they don't exist) Like any system - and I mean ANY system, this will be profitable in some environments, and an account killer in ...

Pure & simple Abonacci system

OK - below screenshots are for Long - price comes for 76.4% breaks 23.6% by 5 pips, with a 125pip TP (that's about the upper 76% level) and SL 75 pips (which is just below the 100%) Short - price comes for 23.6% breaks 76.4% by 5 pips (note it is ...

Pure & simple Abonacci system

Paulus has made the EA very flexible. When in the strategy tester click Expert Properties, then change the fields to what you want, ie where price needs to have come from (Start) where it finishes (This is actually your entry point, TP, SL, BE (0 if ...

Pure & simple Abonacci system

I don't really know anything about the techinical side of EAs etc, but it might be that your MT4 has not got the complete data for pair you are testing. You could try downloading the data again and trying it once more.

Pure & simple Abonacci system

1:1 is what I favour at the moment, but I am also looking at combining 122 and 156 with pipEASY's millipede approach outlined in in his thread and the PDF I posted yesterday. But I don't think many traders will have the stomach or patience for it

Pure & simple Abonacci system

I have started backtesting with quite a few variations - results are mixed depending on the pair and time period I choose, but nothing has stuck out to me. This is not exactly suprising though.

Pure & simple Abonacci system

It's all in the first post and the PM I replied to. Steve

Pure & simple Abonacci system

On my chart - the Dark Blue line (MM level 4/8) is on 1500, the light blue line is 1250 (MM level 0/8). Either is fine and it won't make any difference really.

Pure & simple Abonacci system

Has anyone read pipEASY's - Building an equity millipede thread? I read it sometime ago and it had a large impact on my profitability. I was doing my journal the other day and a few things started to come together in my mind and has given me an ...

Pure & simple Abonacci system

With all due respect everything you need to calculate the settings is in the 1st post- this thread is about providing people with a way to trade without relying on one person for data - having said that I use length 6250 or 3125 with baseline 1500. ...

Pure & simple Abonacci system

I tend to have in mind the currencies that I think are strong and weak at the moment (this week/month). ie. I see GBP, AUD as being strong. I see JPY as being weak. So for me, I'll look to go long G/J or A/J - this is obviously not foolproof but it ...

Pure & simple Abonacci system

If it was me I wouldn't do anything. I don't like EU and am always baffled by retail traders' obsession with it. I wouldn't go long unless price pulls back to the 76.4% of the lower phase, and I would be wary of a short as its against the ...

Pure & simple Abonacci system

Excellent work wongslio - trade management and a long term profitable perspective = success

Pure & simple Abonacci system

My weekly analysis - let me know if you see anything different. AU is in an interesting place with a T4Y_680 extension trade in place. If this leads to the next T5_103 and that completes and T5_1030 will trigger with a target of 400 pips. Trade as ...

Are support and resistance levels predetermined?

That's great wongslio - really please you're finding the profits.

Pure & simple Abonacci system

Hi EA won't close part of a position or trail a stop. But I think of it this way. Those gaps between T5_103 trades are profit pips on one of the higher templates. That's why sometimes I trade the 220 and 680 - but with much lower lot size. You could ...

Are support and resistance levels predetermined?

AU - T4Y_680 extension signal triggered (break of 50% by 59 pips) - TP 0.9544

Are support and resistance levels predetermined?

You can do it online here url

Rags to Riches in 10 or 20 Trades - Simplicity at its finest

EU T5_103 Long - TP hit

Are support and resistance levels predetermined?