You can use it on any time frame, although I prefer larger time frames. However you need to change the settings to suite each time frame. For example : One might consider a candle of 20 pips BIG for a M5 time frame, but certainly not big for H1 time ...

Follow the BIG Candle

For the people who like forward test the EA on multiple pairs: If you will use the same settings for all pairs, you can attached the same EA to the charts your are interested in. If you will use different settings for each pair, I think you need to ...

Follow the BIG Candle

No trades for today so far. As EA is currently looking for the below candle sizes on each pair: GBP/USD 74 pips EUR/USD 44 pips USD/JPY 42 pips AUD/USD 49 pips EUR/JPY 80 pips GBP/JPY 103 pips I attached an updated version of the latest EA (same as ...

Follow the BIG Candle

Thanks. But I am looking for ideas rather than indicators or EAs. You may stop now.

Follow the BIG Candle

You are welcome. Your English is fine with me as its not my native language. Any ideas on how we can improve this strategy are certainly welcomed. I am working now on developing a new EA around the thoughts in posts # 112 and 113. And at the same ...

Follow the BIG Candle

It seems that this indicator is looking for Pin Bar reversals. Which is a different strategy.

Follow the BIG Candle

I just started the EA now on the demo account linked to Trade Explorer on the six pairs GBPUSD EURUSD AUDUSD USDJPY EURJPY GBPJPY All with the same parameter settings attached to post#88.

Follow the BIG Candle

Thanks. I will look into it.

Follow the BIG Candle

I am thinking also of a better way to identify the Big Candle, I am not sure that using ATR is the best method. I mean the Big Candle should stand out of all recent candles, maybe twice as large as the largest candle in the previous 20 or 50 candles ...

Follow the BIG Candle

Just a thought : I am sure that when big candle shows up it means something. It is either a real breakout for a trend start/continuation, OR, stop hunting for a trend reversal. So what if we put a SellStop order below the big candle, and a BuyStop ...

Follow the BIG Candle

Here is what I will do starting tomorrow; Run the EA on the following pairs: GBPUSD EURUSD AUDUSD USDJPY EURJPY GBPJPY TF M30 Balance 10,000 risking 1% on each trade. You can view the results on the trade explorer.

Follow the BIG Candle

As an expert in this field, and from your experience, Is it possible to have positive expectancy on the long run using EAs. Or as most do, you need to make consecutive withdrawals each time you double your account ?

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That's disappointing. Should we drop auto-trading then or what ?

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I ran similar tests on 2012, but most of them failed. I think I am missing something here.

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Just for the FUN of it. I re-run the test in attached image above with following Risk_Reward Ratio: starting balance 10,000 period 1/1/2013 - 28/2/2014 - GU - Daily Risk_Reward_Ratio 1:1 Profit 27,269 Risk_Reward_Ratio 1:2 Profit 32,800 ...

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For people not familiar with Expectancy. Expectancy is a simple formula you can use to determine how reliable your Forex trading system is. You should go back and look at all your trades that were profitable versus all your losing trades. Then ...

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I am back from weekend, and ran the above test with "Close on Opposite Signal" set to true (or 1). Again all other parameters are disabled (I mean no trailing stop, no break even stop, no partial profit taking, no moving average). I ran the test on ...

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So what is the win ratio for this EA ? I used TP=SL and disabled all other parameters, even MA. So either TP or SL is hit. I ran the test on GBP/USD for the period 1/1/2013 to 28/2/2014, on H1, H4 and Daily timeframes. Excel Sheet with results ...

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NFP M30 candle was 1.67725 --> 1.67206 candle size was 52 pips. No trade open as we were looking for 55 pips. Now EA is looking for a candle of size 67 pips.

Follow the BIG Candle

The EA did not open a trade yet. as it waits for the current candle size to get bigger that 55 pips. around 1.6718

Follow the BIG Candle