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Attachments: H1 timeframe XAUUSD EA for all
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H1 timeframe XAUUSD EA for all

Quoting abhirag
{quote} Ok, I didn’t know that, thanks.
Shouldn’t matter as Long as EA works.
Quoting abhirag
{quote} Ok, I didn’t know that, thanks.
Just saw now that my broker has not full history of 2016, thats why It was not profitable. And we can start EA any time of the year? Just take profit after a year am I right?
Quoting netas369
{quote} Just saw now that my broker has not full history of 2016, thats why It was not profitable. And we can start EA any time of the year? Just take profit after a year am I right?
Yes, you can start any time, and let it run, you will be in profits eventually.
Quoting abhirag
{quote} started with 1k in Jan 2017, now I have around 2500.
What was the biggest drawdown during that time?
Im planning to go with $100 and just set it and forget. Updating lot size for every 100 earned. Let see how it does.
@abhirag

Could you please add Magic Number to Settings? Thanks!
Thank you very much for your work , and so nice of you to share
i have a question , did you try it on Silver/USD ?
Quoting medIce
Im planning to go with $100 and just set it and forget. Updating lot size for every 100 earned. Let see how it does.
Goodluck...
Quoting RoboSeer
@abhirag Could you please add Magic Number to Settings? Thanks!
Hey, sorry, but I am not a coder, I paid to get it coded in 2016, how will magic number help?
Quoting Faucon
Thank you very much for your work , and so nice of you to share i have a question , did you try it on Silver/USD ?
No, as I said I got it coded in 2016, backtested on several pair, only found it profitable on XAUUSD, so started it in live account, only for gold.
Quoting abhirag
{quote} No, as I said I got it coded in 2016, backtested on several pair, only found it profitable on XAUUSD, so started it in live account, only for gold.
Is this EA still profitable for you?
can someone upload screenshoot of 5 years back testing ? I dont find a broker which has a long history.
Quoting abhirag
{quote} Hey, sorry, but I am not a coder, I paid to get it coded in 2016, how will magic number help?
Well, it would have helped separating this EA's trades from other EAs' trades running also on XAU/USD. Not a big issue. Thanks for your generousity!
Can you tell us more about the strategy, why it works? I mean logic behind all this, because it sure looks good
Quoting abhirag
{quote} do you have same setting as shown while back test?
Yes, i have same setting like the first post.

Quoting abhirag
{quote} The TP is 7 time of daily ATR, it takes time.
I think this is why open order haven't closed yet.

Waiting for more details about the strategy, sure it is promising
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Hello

i have the following error
2018.01.05 01:09:35.754 Daily breakout16 XAUUSD,H1: TrendCreate: ERROR 4200

what doesnit mean?
Quoting netas369
can someone upload screenshot of 5 years back testing ? I dont find a broker which has a long history.
The only year it wasn't profitable was 2013. here is the screenshot of 5 years backtest with 1K and .05 lots.

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Quoting AhmadYt
Hello i have the following error 2018.01.05 01:09:35.754 Daily breakout16 XAUUSD,H1: TrendCreate: ERROR 4200 what doesnit mean?
Not sure, what time did you attach, as the name suggests, its daily breakout, it will only trade when the 1HR candle is closed above or below the previous day high or low respectively.
  • Post #59
  • Quote
  • Edited 9:44pm Jan 4, 2018 8:32pm | Edited 9:44pm
Quoting netas369
Can you tell us more about the strategy, why it works? I mean logic behind all this, because it sure looks good
Break Candle: 1 HR candle that breaks the high or Low or precious day.

LONG SETUP:
When the 1HR candle closes above the high of break candle.
Set the SL to LOW-50 pips of break candle.
TP: 7 Times of Daily ATR

SHORT SETUP:

When the 1HR Candle closes below the low of break candle.
Set the SL to high+50 pips of break candle
TP: 7 Times of Daily ATR

The EA takes only 2 trades (BUY and SELL) at a time.
If the BUY trades is open and running for profit, EA will not take BUY trades, but continue to take SELL trades every day as per strategy and vice versa.
not sure why admin has moved the thread to Commodities and Stocks, its more visible in Trading Systems
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