As Big candle Size is changing witch each candle, Now EA is looking for M30 candle > 52 pips on GU. If NFP numbers are significant I think EA will open its 1st trade.

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As per the current setup of the EA linked to the excplorer, and at the moment, it will be looking for M30 candle > 47 pips. EDIT:Forgot to say on GBP/USD.

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Today is the NFP day. Let's see how the EA will act.

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Thanks. did you misspell MQL ? just kidding. This response is for any one asking for MQL file. If you are a programmer, I am sure that it will take you max of 1 hour to develop a similar EA (probably better) based on strategy description in this ...

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Position Sizing in the new EA is as follows: If you set the risk_perc to 0.05 and fixed_lots to 0.0. and suppose that current account balance is $10,000, and the calculated Stop Loss is 135 pips. The EA will get the pip value (for GBP/USD) = $10. So ...

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The reason I used M30 is because I would like to see more trades open (on average 5-10 a month). In order to better evaluate the EA. However I still think that higher time frames (H4) will generate more reliable signals.

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OK. Lets give it one more shot. I have created a Trade Explorer with EA new version (4) and attached it to the thread. The New version along with parameters used in the explorer are attached. Pair used will be GBP/USD Time Frame : M30. Version ...

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Was this a waste of time ?. I don't see any real contributions here. Maybe it's better to continue this on my own. In case I don't see you, Good Morning, Good Evening and Good Night !

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I am sorry, for the H1 time frame the Closed_on_Opposite_Signal was set to true, hence the larger number of trades. I noticed that closing on opposite signal for shorter time frames generates better results, as trend on short time frames don't last ...

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OK. I smoothed the ATR over 7 different periods based on the period used in the setup, 3 quarters below the given period and 3 quarters above, plus the original period as follows: Suppose the user set ATR Period to 20. The system will generate ATR ...

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Are ATR values reliable ? Remember we are using ATR to decide on which is the Big Candle over a period. I ran some tests on GBP/USD H1 and H4 time frames for the period of Jan 1,2014 until Mar 1,2014. All parameters were fixed except ATR Period ...

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(Dynamic ATR multiples) vs (Static ATR multiples) So far we were using Dynamic ATR multiples. Meaning : suppose we had the following setup: ATR period = 21 on M30 timeframe ATR multiples = 5 ATR Stop Loss = 5 ATR Trailing Stop=5 ATR Break Even=3 ATR ...

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I am speechless. I might do that depending on member contributions. Any way the strategy is simple and any coder should be able to replicate it on jforex.

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No. Even ATR indicator is not needed as it is included in the EA. However you might add it to the chart for visual following. No live trading please as this is still work in progress. For example I discovered a bug in position size calculation in ...

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Some notes on using the "Candle Effective Size" parameter : The "Candle Effective Size" parameter should be set along with "Candle Period" parameter set to 1, otherwise make it 0. Meaning that if we are opening our trades based on the candle Next to ...

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Thank you for your continous contributions. I noticed that Modeling Quality is very low (around 35%), this should at least 80%. As for parameter settings, it should be something that makes sense. for example its reasonable to use 1.5 or 2 ATR ...

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@ Paulus: Further to my reply above, the EA is using ATR multiples (not fixed pips), and Reward_to_Risk (RR) ration is usually much bigger that 2:1. Basically we are looking to capture evolving trends triggered by Big Candles whenever that is ...

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OK. I didn't understand exactly what do you mean. However I've posted the rest of the chart the shows the last deal. I tried to change the colors to match yours for easy Comparing. This strategy does not take news or fundamentals into account, ...

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Sorry I got engaged in a meeting. I will reply as soon as I finish the meeting.

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@Paulus: Please note that the last short trade was closed for partial profit $236 in the attached chart. and the remaining position closed by trailing stop on Feb.5th with $570 profit.

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