Hi Guys,
I have been trading for nearly 10 years. Basically trading my EAs, and a few manual trading.
I am going to discuss with you one of my own systems. It only takes 5 minutes each week.
ONLY RULE BEFORE POSTING HERE:
* ANY POSITIVE CRITICISM IS WELCOME. DO NOT POST IN THIS THREAD IF YOU ARE ONLY GOING TO PROVIDE NEGATIVE FEEDBACK WITHOUT A POSSIBLE SOLUTION. I HATE PEOPLE THAT DOESN'T APPRECIATE THE HARD WORK OF OTHERS. I DON'T HAVE TO GIVE MY SYSTEM, I DONT NEED, AND I AM NOT TRYING TO SELL ANYTHING. I AM OPENING THIS THREAD BECAUSE I WANT TO HELP OTHER TRADERS. SO BEFORE POSTING TAKE A MOMENT TO THINK. NOT FOLLOWING THIS RULE WILL GET YOU BANNED AUTOMATICALLY WITHOUT ANY NOTIFICATION
* I SUGGEST NOT TO TRADE THIS SYSTEM ALONE. USE IT AS A PART OF SYSTEMS OF YOUR PORTFOLIO. SINCE IT ONLY TAKES 1 TRADE Each Week, IT WILL EXPERIMENT SOME BREAKEVEN PERIODS. IN THE LONG TERM IS MAKING MONEY.
- Pair: Eur/usd
- Chart: daily chart
- Cease reduction: 1.3 daily ATR (14 period)
- Risk each transaction: 2% up to 5 percent
Entry rules:
- Should friday daily candle was red, enter long in the open of next week (In my case Sunday 21:00gmt).
- If friday daily candle has been green, input brief in the open of the week (In my case Sunday 21:00 gmt)
Close the trade at the end of the day (In my case Monday 21:00 gmt) when the transaction is positive. If the trade is not favorable, then wait till the conclusion of Tuesday to shut.
I am attaching backtest from Oct 2010- July 2017. I am using Pepperstone broker (daily candle opens and closes around 21:00 gmt). Backtest results may vary a bit between brokers, but not that far.
Good Luck!
UPDATE: EA specifiions:
Risk: Risk per trade
ATR period: Use daily period as stop loss
ATRMult: X times the daily ATR as stoploss. So in the event that you choose 2, then the stop loss size will be 2 times de daily ATR.
Position trade time: 00:05. Will place the trade in the open on Monday in 00:05. In my case this is 21:05 GMT.
Code will not be shared. This can be a free EA, with expiration date that will be updated regulary every 3 months at no cost. I choose that in order to avoid from some individuals to sell it. It will always be free.
Backtest Oct 2010- JUly 2017 (Using 5% risk per trade)
https://www.cliqforex.com/attachment...8848610063.ex4