Jay's Candle Sticker System | Foreign Exchange EA Download-MT4/MT5 Resources

I must admit. I have been making bank with a discretionary trading system. It may not work for you, but it's here.

I buy on confirmed bullish candlestick patterns, and I sell on confirmed bearish candlestick formations. Currently, when a trade reaches 100 pips profit, I add another position in the same direction with half the initial lot size. If the position gains another 100 pips in profit, I add another lot, the size of which is a quarter of the initial lot size. I close the position when the price closes above my stop or when a confirmation candlestick pattern appears in the opposite direction. The broker does not set a stop loss because in my system the position has to be closed beyond the stop loss at the end of the day, not just by hitting the stop loss. All decisions about buying and selling are made once a day, sometime after a new candle is formed (usually between 5pm and 6pm ET).

Stop loss occurs naturally based on the candlestick position of the trade. See https://www.candlesticker.com.

I also have an account on USBulls.com which tells me which candlestick patterns have been confirmed , an account is not needed to get this information.

A confirmation candlestick pattern is a pattern with a close above the signal line for a bullish pattern or below the signal line for a bearish pattern. Currently, I'm only dealing with everyday candles. I read “The Consistent Trader” Sam Edel in late January 2018 after more than a decade of losing trades. I don't get any referral fees from the links, I put them there because they work for me.

It is my goal to create a system that just takes 15 minutes a day away from living life. And then create an expert advisor that does this automatically. This way I can play video games all day long and be a philanthropist.

Side note Based on a conversation with my girlfriend, if the account doubles again within 24 hours, I will close all positions.
I no longer use girlfriend rules. It sounds cute but when enacted it destroys your momentum, why sell everything when you are winning this rule is too arbitrary.
Updated 6/6/18 so trades opened before this date utilize my old system of 0.25-0.5-1 lots now I use 1-0.5-0.25.

Lot sizes are your choice of course and you are welcome to use any money management scheme you like.
I use a 0.5 lot order with a take profit of 1ATR(14), and a 0.25 lot order with a take profit of 2*ATR(14). The last 0.25 lot order has no take profit set and the exit is via reverse pattern confirmation or stop loss.

Skip Important new updates to the system in post #114 https://www.forexfactory.com/showthread.php?p=11150945#post11150945

Latest updates to the system. https://www.forexfactory.com/showthread.php?p=11169897#post11169897

too long;
I update a spreadsheet every day with the free signals from American Bulls forex " A. POPULAR" sheet.
I place buy orders for all buy signals,
I close all sell signals and I open sell orders on all short signals.