Hi Guys,
I have been trading for almost 10 years. Basically trading my own EAs, and some manual trading.
I am going to share with you one of my systems. It only takes 5 minutes per 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 YOUR PORTFOLIO OF SYSTEMS. SINCE IT ONLY TAKES 1 TRADE PER WEEK, IT WILL EXPERIMENT SOME BREAKEVEN PERIODS. IN THE LONG TERM IS MAKING MONEY.
- Pair: Eur/usd
- Chart: daily chart
- Stop loss: 1.3 daily ATR (14 period)
- Risk per trade: 2% up to 5%
Entry rules:
- If friday daily candle was red, enter long at the open of next week (In my case Sunday 21:00gmt).
- If friday daily candle was green, enter short at the open of next week (In my case Sunday 21:00 gmt)
Close the trade at the end of the day (In my case Monday 21:00 gmt) if the trade is positive. If the trade is not positive, then wait until the end of Tuesday to close it.
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 might vary a little bit between brokers, but not that much.
Good Luck!
UPDATE: EA specifications:
Risk: Risk per trade
ATR period: Use daily period as stop loss
ATRMult: X times the daily ATR as stoploss. So if you choose 2, then the stop loss size will be 2 times de daily ATR.
Place trade time: 00:05. Will place the trade at the open on Monday at 00:05. In my case this is 21:05 GMT.
Code will not be shared. This is a free EA, with expiration date that will be updated regulary every 3 months for free. I choose that in order to prevent from some people to sell it. It will always be free.
Backtest Oct 2010- JUly 2017 (Using 5% risk per trade)
I have been trading for almost 10 years. Basically trading my own EAs, and some manual trading.
I am going to share with you one of my systems. It only takes 5 minutes per 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 YOUR PORTFOLIO OF SYSTEMS. SINCE IT ONLY TAKES 1 TRADE PER WEEK, IT WILL EXPERIMENT SOME BREAKEVEN PERIODS. IN THE LONG TERM IS MAKING MONEY.
- Pair: Eur/usd
- Chart: daily chart
- Stop loss: 1.3 daily ATR (14 period)
- Risk per trade: 2% up to 5%
Entry rules:
- If friday daily candle was red, enter long at the open of next week (In my case Sunday 21:00gmt).
- If friday daily candle was green, enter short at the open of next week (In my case Sunday 21:00 gmt)
Close the trade at the end of the day (In my case Monday 21:00 gmt) if the trade is positive. If the trade is not positive, then wait until the end of Tuesday to close it.
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 might vary a little bit between brokers, but not that much.
Good Luck!
UPDATE: EA specifications:
Risk: Risk per trade
ATR period: Use daily period as stop loss
ATRMult: X times the daily ATR as stoploss. So if you choose 2, then the stop loss size will be 2 times de daily ATR.
Place trade time: 00:05. Will place the trade at the open on Monday at 00:05. In my case this is 21:05 GMT.
Code will not be shared. This is a free EA, with expiration date that will be updated regulary every 3 months for free. I choose that in order to prevent from some people to sell it. It will always be free.
Backtest Oct 2010- JUly 2017 (Using 5% risk per trade)
Attached File(s)
Cocolizo EA Friday Monday.ex4
16 KB
|
737 downloads
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Uploaded Oct 23, 2017 10:06am