I attempted to backtest the EA, but there were loads of errors and it would not continue. I guess my data source is bad. Anyway, I've been watching some of Steve Primo's videos from fxstreet and I liked the idea of using the RSI(5) as an additional ...

Buy/Sell Line for Daily Chart

Thanks cballew for this EA! Regarding the different results, did you use data that did not have a Sunday candle? I'm going to try this EA on the data I used for my manual backtest and get back to you with my findings. Thanks again for your work!

Buy/Sell Line for Daily Chart

Yes, I took all signals regardless of whether or not there was already an active trade.

Buy/Sell Line for Daily Chart

Yes, I'm using a 5 digit platform. Basically the idea is to buy the break of the high of the signal candle. So if you have a 4 digit broker, then it would be 1 pip. Thanks for taking an interest!

Buy/Sell Line for Daily Chart

I typically just risk what I am comfortable losing. I was trading with a demo account for 2 months using 5% risk per trade. I was trading 8 currency pairs. I had a long losing streak the second month. I just started backtesting on CADJPY and the ...

Buy/Sell Line for Daily Chart

What I mean is that after the signal candle has completed, you look at the 50SMA to be sure that it is higher than it was 4 days ago. For example, if our signal candle is Friday and we are looking to buy then we make sure the 50SMA is higher than is ...

Buy/Sell Line for Daily Chart

Here are 2 examples of trades: image The green arrow signifies a signal candle that had the lowest low of the last 3 candles and closed in the upper 25% of the candle height. The red moving average line is the 50SMA which has a higher value than 4 ...

Buy/Sell Line for Daily Chart

I was also surprised that nobody posted any backtests. I did one with Hugh's original rules with result of +678 pips from August 2010 through June 2012. I then looked at the charts some more and started thinking of different entries, trend rules, ...

Quick and Dirty EOD

I don't believe anyone participating in this thread is using the EA. I tested the EA and it does not agree with my manual backtesting. I don't consider those EA results as a basis for thinking this is a promising system. I am trying to contribute to ...

Quick and Dirty EOD

I do agree that something is wrong with the EA of that poster; I tested it and the results did not jibe with the original rules. What is it about this system that makes you think it is illogical? It is a simple trend following breakout system. It is ...

Quick and Dirty EOD

I am using the min/max of the signal candle for SL with max SL of 100. My TP is fixed at 200.

Quick and Dirty EOD

Backtest Using Different Method for Trend — I am currently doing a manual backtest of the original system. This time the only different thing I am doing is replacing the monthly trend ema's. In its place, I am using the weekly candles. If the ...

Quick and Dirty EOD

Jcp's 8 ema did not appear to be set to the open from looking at his charts. They are probably both set to the close.

Quick and Dirty EOD

Jcp, Are the 2 ema's that you use for your strategy both set to the close? Thanks!

Quick and Dirty EOD

I don't see set ups with those pairs either. Maybe piprac's broker's daily candle ends at a different time?

Quick and Dirty EOD

More leverage could be used with this entry as opposed to the original entry because the average loss in my backtest was smaller and the total pips were larger. I did not take into account leverage or lots in my backtests of the original entry and ...

Quick and Dirty EOD

Ok, here's a list of the backtest trades from this chart: 5/8/12 Sell 1.30495, profit 1.28495, +200.0 pips 5/11/12 Sell 1.2935, profit 1.2735, +200.0 pips 5/21/12 Sell 1.27625, stopped 1.27961, -33.6 pips 5/22/12 Sell 1.28154, profit 1.26154, +200.0 ...

Quick and Dirty EOD

No, I am only concerned with the moving averages as they appear on the middle of the signal candle. If the moving averages are touching at the center of the candle, then I do not take the trade.

Quick and Dirty EOD

Chart Example — I attached a chart of what I was looking for in doing my backtest of the tweaked entry. Just sell after the close of the signal candle marked with the yellow arrow. The stop is 1 pip above the signal candle high plus spread. ...

Quick and Dirty EOD