I've just saw this on my mobile, sorry if I am late in response. Dear masterok, What FerruFX was referring to is the completion of the senctence you cut out of my reply , but thats OK , we all sometimes miss something while reading. This is the text ...

Follow the BIG Candle

You might have noticed that position sizes are different for both trades (0.1 for AU and 0.2 for EU), and that's because the SL on AUD is larger than on EU. Our risk is 1% of account balance on each trade.

Follow the BIG Candle

EUR/USD was opened at 4:30 GMT. Chart attached.

Follow the BIG Candle

AUD/USD trade was opened at 12:30 GMT. Chart attached.

Follow the BIG Candle

Finally and after 3 days of waiting the EA opened 2 trades , both long on AUD/USD and EUR/USD. details to come.

Follow the BIG Candle

I suggest that you post the EA here and explain a bit about the strategy.

zigzag indicator currency trading... H4 timeframe, and above

On second thought , this could be a good start !

Can someone recommend a persistently losing EA?

Reversing a consistently loosing EA does not necessarily produce a profitable one.

Can someone recommend a persistently losing EA?

For the second part of your question: > Also how long do you expect to stay in the trade? Do you mostly trade during a day, or how often do you go long with this and for how long. This is a trend following strategy based on volatility break out, so ...

Follow the BIG Candle

Finally stopped at Trailing Stop.

Follow the BIG Candle

Continued from above. Trailing Stop in action.

Follow the BIG Candle

In this chart (continued from above) EA took partial take profit. and moved to Break Even.

Follow the BIG Candle

This is a good example. So, I ran the EA on the same period with the same setup running on TE(Trade Explorer). Notice that at this time the EA was waiting for a BIG candle of size > 30.6 pips (306 points). And since the settings says open on the ...

Follow the BIG Candle

The indicator is OK. But the Big Candle should be BIG, so it is not equal to ATR, it is equal to N x ATR, N is settable in the EA. for M30 on GBP/USD I used N=8. So if current ATR reading is 10 pips, the BIG candle should be of size >= N x ATR >= 8 ...

Follow the BIG Candle

Big Candle Trading Strategy 2. Sample Charts (Continued): This is an example of a Lost Trade [1]. Fortunately it was followed by a winning trade.

Follow the BIG Candle

Big Candle Trading Strategy 2. Sample Charts (Continued): We have 2 trades here. Note that the EA took partial profit and then closed the 1st trade at trailing stop. Then opened a 2nd trade as another Big Candle appeared, took partial profit and ...

Follow the BIG Candle

Big Candle Trading Strategy 2. Sample Charts (Continued): This is a won trade taken by the EA (Big_Candle_04) with same setup running in Trade Explorer.

Follow the BIG Candle

Big Candle Trading Strategy 2. Sample Charts : This is the current chart of GBP/USD M30. Look at that big candle (highlighted in yellow), this was the NFP candle of latest Friday, however the EA didn't trade it as it was 3 pips less than the ...

Follow the BIG Candle

Big Candle Trading Strategy 1. Origin : The idea originally came from my many mistakes, and many losses trying to fade the big candles as most of us might do. I was thinking that since price rose for 100 pips in 30 minutes or one hour, then it has ...

Follow the BIG Candle

@masterok > Meta Trader is not working for me here, so I am on VT Trader, hence can not use the script. I am sure you will try it on demo account not live. In this case you can check the "Brokers" Tab in Forex Facory and open an MT4 Demo for testing ...

Follow the BIG Candle