Created for RENKO, but works on 5min cha (Created for RENKO, but works on 5min cha)
I have been trading using simple strategies in the past. I opened a new account the other day and funded it. I just created the EA today and am currently testing it live. The EA is chosen for use with the main trend 4H trend or channel. It allows you to choose to sell or buy. Unless you can hedge your position. I suggest you just pick one. The EA operates on the 5-minute chart. I currently run it on EURUSD, NZDUSD and AUDJPY. The EA's closing signal has not been profitable so far, we will see when I use it on the Renko chart. The backtest results from November 1 to November 2019 were very good using a 25 pip trailing stop. The EA created has been published with my manual trading rules.
*** You must set it up to trade based on trends...
1. EMA - 5 Open Shift 0 == Yellow Trend Direction
2. SMA - 14 Open Shift 0 == Red Limit for TP or SL (Exit Signal)
3.SMA- 20 Open Shift 0 == Purple Main Trend Direction
4. Parabolic SARS step size 0.02 maximum 0.03 = entry signal
5. CCI, level 100, -100 === entry signal
6. (if on Renko chart) box size is 5**, otherwise omitted
Buy-------------
Opening price above yellow and purple
SARS appears below current prices
CCI to 100 level exit when the closing price is below the red line or TP, SL or TS
sell______________
Open price below yellow and purple
SARS appears to be higher than current price
CCI Pass Level-100
Exit when the closing price is above the red line or TP, SL or TS
I do believe EA is hedging itself! ! ! Whenever the buying conditions are reversed or the selling conditions are reversed. But the conditions for buying or selling must be met. If hedging is not allowed, nothing happens.
***I recommend turning off the alert. This can be annoying for non-hedged accounts
The striped tick model in test 4542 is 1269860
Modeling quality 90.00%
Chart mismatch error 33
Initial deposit 1000.00
Diffusion current(59)
Total net profit 1308.97
Gross profit 1365.76
Total loss -56.79
Profit coefficient 24.05
Expected return 23.37
Absolute retracement 140.37
Maximum retracement 325.52 (23.58%)
Relative retracement 23.58% (325.52)
Total transactions 56
Short positions (win percentage) 0 (0.00%)
Long position (Win %) 56 (96.43%)
Profitable trades (% of total) 54 (96.43%)
Losing trades (% of total) 2 (3.57%)
Maximum Profit Trading 102.14
Losing trade -49.76
Average profit trade 25.29
Losing trade - 28.40
Maximum winning streak (monetary profit) 54 (1365.76)
Consecutive losses (monetary losses) 2 (-56.79)
Maximum consecutive profit (number of wins) 1365.76 (54)
Consecutive losses (number of losses) -56.79 (2)
Average winning streak: 54 games, losing streak: 2 games
(November 1st to 19th, lot size after uptrend was 0.10, also profitable on selected sells, but only $200. Trailing stop was 25 AUD/JPY))
appendix
*** You must set it up to trade based on trends...
1. EMA - 5 Open Shift 0 == Yellow Trend Direction
2. SMA - 14 Open Shift 0 == Red Limit for TP or SL (Exit Signal)
3.SMA- 20 Open Shift 0 == Purple Main Trend Direction
4. Parabolic SARS step size 0.02 maximum 0.03 = entry signal
5. CCI, level 100, -100 === entry signal
6. (if on Renko chart) box size is 5**, otherwise omitted
Buy-------------
Opening price above yellow and purple
SARS appears below current prices
CCI to 100 level exit when the closing price is below the red line or TP, SL or TS
sell______________
Open price below yellow and purple
SARS appears to be higher than current price
CCI Pass Level-100
Exit when the closing price is above the red line or TP, SL or TS
I do believe EA is hedging itself! ! ! Whenever the buying conditions are reversed or the selling conditions are reversed. But the conditions for buying or selling must be met. If hedging is not allowed, nothing happens.
***I recommend turning off the alert. This can be annoying for non-hedged accounts
The striped tick model in test 4542 is 1269860
Modeling quality 90.00%
Chart mismatch error 33
Initial deposit 1000.00
Diffusion current(59)
Total net profit 1308.97
Gross profit 1365.76
Total loss -56.79
Profit coefficient 24.05
Expected return 23.37
Absolute retracement 140.37
Maximum retracement 325.52 (23.58%)
Relative retracement 23.58% (325.52)
Total transactions 56
Short positions (win percentage) 0 (0.00%)
Long position (Win %) 56 (96.43%)
Profitable trades (% of total) 54 (96.43%)
Losing trades (% of total) 2 (3.57%)
Maximum Profit Trading 102.14
Losing trade -49.76
Average profit trade 25.29
Losing trade - 28.40
Maximum winning streak (monetary profit) 54 (1365.76)
Consecutive losses (monetary losses) 2 (-56.79)
Maximum consecutive profit (number of wins) 1365.76 (54)
Consecutive losses (number of losses) -56.79 (2)
Average winning streak: 54 games, losing streak: 2 games
(November 1st to 19th, lot size after uptrend was 0.10, also profitable on selected sells, but only $200. Trailing stop was 25 AUD/JPY))
appendix
























📦 Summary of post attachments (4)
Below are all the files (4) shared in the reply.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •