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Resh1969

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This is a good EA. It places pending orders above and below the current candle. It works great on the hourly TF.  Im not the best at back testing or optimizing an EA so hopefully some of the members here can test this and share results.



Linkback: https://www.forex.zone/mt4-mt5-eas/7/candle-ea/627/
#1 - December 30, 2018, 02:53:46 PM
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« Last Edit: July 27, 2024, 03:25:32 PM by Admin »
Candle EA in MT4 / MT5 EAs_topic=4522

Resh1969

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Also here is the mq4
#2 - December 30, 2018, 02:54:54 PM
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Resh1969

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And a set file that I used to backtest on the hourly timeframe.
#3 - December 30, 2018, 02:56:17 PM
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Admin

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I backtested on EURUSD H1 from the beginning of 2018 until now with the settings you uploaded.

The results are impressive. It started with $10000 and ended with $193880. Drawdown was low too. Unfortunately, it looks like most of the results were by means of the Trailing Stop, but Trailing Stop results are not accurate in the MT4 back tester though. The data available in the MT4 back tester is not tick-by-tick. So MT4 back testing, especially when Trailing Stop is used, is only meant for general testing purposes.

I would be interested to know if anyone has ever run this EA live.
#4 - December 30, 2018, 04:08:41 PM

Candle EA in MT4 / MT5 EAs_topic=585

Fxortrader

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Quote from: Reshleman1969 on December 30, 2018, 02:53:46 PM
This is a good EA. It places pending orders above and below the current candle. It works great on the hourly TF.  Im not the best at back testing or optimizing an EA so hopefully some of the members here can test this and share results.
if you haven't tried the EA system ...

then how will I compare your backtest results with the backtest results from me?
#5 - January 26, 2019, 08:13:02 AM

anca1987

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Quote from: Reshleman1969 on December 30, 2018, 02:53:46 PM
This is a good EA. It places pending orders above and below the current candle. It works great on the hourly TF.  Im not the best at back testing or optimizing an EA so hopefully some of the members here can test this and share results.
Thank you for sharing, would you like to ask if this EA can be backtest or not? The best setting for EA is how can you explain it even more, sir, because I have never used EA to be a little confused.
#6 - February 09, 2019, 12:29:12 AM

Resh1969

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I don't use it in my trading. I posted it because it has potential and I wanted other users to test it and use it if they had good results with it. 
#7 - February 09, 2019, 12:37:07 AM

Mohamad Saiful w

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Quote from: Admin on December 30, 2018, 04:08:41 PM
I backtested on EURUSD H1 from the beginning of 2018 until now with the settings you uploaded.

The results are impressive. It started with $10000 and ended with $193880. Drawdown was low too. Unfortunately, it looks like most of the results were by means of the Trailing Stop, but Trailing Stop results are not accurate in the MT4 back tester though. The data available in the MT4 back tester is not tick-by-tick. So MT4 back testing, especially when Trailing Stop is used, is only meant for general testing purposes.

I would be interested to know if anyone has ever run this EA live.
I want to try this EA. Is the period active forever? Or can this be all brokers? Sorry I am a new trader. But I have bad memories with EA and ended MC.

;D
#8 - February 09, 2019, 11:10:11 AM

ageseko

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Thank you for sharing EA, whether this EA has gone well and can produce consistent profits for a long time
#9 - February 11, 2019, 06:30:25 AM

paidto

Quote from: anca1987 on February 09, 2019, 12:29:12 AM
Thank you for sharing, would you like to ask if this EA can be backtest or not? The best setting for EA is how can you explain it even more, sir, because I have never used EA to be a little confused.
to add to our experience in the trading world, then we should do our own backtest and look for our own settings so that we will insure our insight into tarding using EA
#10 - February 19, 2019, 04:26:06 AM

harizona

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ea this is good
we can use when we work ea work automatically
usually if I use this I only take the range of 10-20% only from my capital per month, those who haven't used it, please try
#11 - February 21, 2019, 04:03:54 PM

paidto

Quote from: harizona on February 21, 2019, 04:03:54 PM
ea this is good
we can use when we work ea work automatically
usually if I use this I only take the range of 10-20% only from my capital per month, those who haven't used it, please try
in my opinion getting a 10% -20% profit for a month is already very good
This gives me enthusiasm to immediately use this EA in my competition
ok, thank you for the information sir
#12 - February 22, 2019, 07:16:11 AM

ageseko

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Quote from: paidto on February 22, 2019, 07:16:11 AM
in my opinion getting a 10% -20% profit for a month is already very good
This gives me enthusiasm to immediately use this EA in my competition
ok, thank you for the information sir
it can even be said to be very good if you can produce such consistent profits every month
#13 - April 15, 2019, 03:06:49 AM

ON Target

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Quote from: paidto on February 22, 2019, 07:16:11 AM
in my opinion getting a 10% -20% profit for a month is already very good
This gives me enthusiasm to immediately use this EA in my competition
ok, thank you for the information sir
Is this EA consistent with 10% -20% profit?
#14 - April 15, 2019, 04:04:37 AM

Scalpingfx

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Quote from: Reshleman1969 on December 30, 2018, 02:53:46 PM
This is a good EA. It places pending orders above and below the current candle. It works great on the hourly TF.  Im not the best at back testing or optimizing an EA so hopefully some of the members here can test this and share results.
if you don't rent a VPS, does EA work well!
#15 - May 02, 2019, 09:45:25 AM
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