Sure. I ran the EA against your chart. Results are attached along with parameters used. Please note that as you go with higher time frames ATR values will be smaller. So the parameters used here are smaller that those for M30 time frame.

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Few comments on the above test results: I tested the EA initially for GBP/USD (hence the best results), although I didn't over-optimize. Then I applied the same settings (no change what so ever), to the other pairs, and interestingly all pairs ended ...

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Here is the New Release with 2 added parameters : Break Even Stop (as explained in post # 44) --> to disable this parameter set it higher than Trailing Stop Candle Effective Size (as explained in previous post) : The use of this is that the system ...

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OK, that explains it. Soon I will post release 3 of this EA, that is able to handle multiple pairs for forward testing. The new release will also have some new parameters Break Even Stop (as explained in post # 44) and probably a new parameter I ...

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You are right. Attached is the modified version.

EA to test a CRAZY idea

This is disappointing. almost 2 hours with no answer. Anyway, since we are trading using ATR, and at the time the big bear candle ended ATR(21) was around 10 pips, and as per the setup we are opening trades only if the candle size is >= 3xATR=30 ...

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OK. Here is a Quiz for you on the same chart (attached). Why the EA didn't make a trade on the Big Bear Candle denoted on the chart ??

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For the chart lovers: This is a live demo trade (forward testing) taken by the script on M5 timeframe on Friday when I was away. This was meant only to show some charts with live trades. I do not recommend trading this on short time frames as it is ...

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Sorry for the late reply as I was on holiday for the weekend. Before thinking of starting the thread I searched the net for similar ideas and couldn't find any. I do not know if you have posted your work anywhere on the net, or it was for private ...

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Please note that this is an Expert Advisor not indicator . It is intended to trade automatically for you. File has to go into experts folder, please review earlier posts. Charts are not of importance in such an EA becuase you can see how the Advisor ...

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Which timeframe? Please note that the script is not YET able to trade multiple pairs simultaneously. So. its better for now to stick to one pair, or use multiple demo accounts/different brokers.

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Few ideas for discussion: Out of your tests is it better to open on current candle (candle_period=0) or Previous candle(candle_period=1) ? What if we add a break-even stop ? this will be less than trailing stop. For example Stop Loss could be 5xatr, ...

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@ ِAustine : Thanks . I would like see some constructive ideas based on visual testing, along with some screen shots where the script fails, in order to analyze and try to handle in the script before going live.

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In this case you need to download the expert from post # 23.

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which mt4 version/build you have? If 600 pls refer to posts 15/16.To know which build# you have:go to Help menu and click About.

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Are you asking or telling ? The tests I attached were with 4-digit broker. The only difference for a 5-digit broker will be that you multiple the trailing stop jump by 10 because for a 5-digit broker this number means points (tenths of pips). I hope ...

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A couple of comments on using MA (Moving average) related parameters: ma_period : If you set to a value(20,100,200 etc), the system will open trades only if price above the MA. So to disable this parameter you can set to a min. value of 1 ...

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Great! This is what I want to hear. With respect to every one, this is the most interesting reply so far. Spread : With all auto-trading I prefer to use Fixed Spread. Some Brokers have only Fixed-Spread, and some have both options. For example I ...

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Your idea is not clear. Try to give an example.

Need EA to open trades based on yesterday's levels

194 downloads for the 1st version and 86 downloads for the 2nd version. Good. BTW I prefer that we all use the latest version "Big_Candle_02". So, What's next ? I know that each pair/time-frame requires different parameters. So, one of our goals ...

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