No EA, all manual. Enter at 100.0 fib, SL at 0.0, TP at 161.8 - subject to change, depending on price action. 20 pairs on screen, but try to cherry-pick three or four strong candidates. I look for run-ups of several same- color candles, followed by ...

Daily green/red candle

Still climbing...

Daily green/red candle

Good job, bro. Great system, don't you think?

Daily green/red candle

Entries per the rules, monitoring with price action.

Daily green/red candle

Lower TFs are noisier, but it should still be a workable strategy. I like the daily, because I only have to check the candles two or three times, instead of sitting in front of the screen all day, placing pendings, SL, TP, etc. Chicago

Daily green/red candle

With your snr added, it should be a killer system

Daily green/red candle

No truer words were ever spoken.

Daily green/red candle

Honestly, I think the best way to run this strategy is to look at the price action and let that be your guide. IOW, trade what you see. Dimdel, don't stay away too long. And thank you very much for posting your strategy. Chicago

Daily green/red candle

Test from 2012-01-01 to 2015-05-15. I reloaded my tester and ran the test at default settings, with 2% risk($1000 starting balance). Pair was gbpjpy. Other pairs may do better, or do worse. Not exactly a barn-burner, but for someone who doesn't want ...

Daily green/red candle

This is for Dezil: There are many traders in this thread who are US citizens, which means we can't hedge our postions. Do you think you could put together a Red/Green EA that doesn't hedge? It would be much appreciated. Rob

Daily green/red candle

I normally always use eurusd for my backtest pair, which did not work well. I will run some more, later, to make sure I'm not screwing up. I just ran some backtests on gbpjpy and they were profitable, so there's hope.

Daily green/red candle

Well, according to the EA, the strategy is doomed to failure. I ran multiple backtests over several different time periods and not one of them was profitable. My forward test proves to the contrary, but it hasn't been running long enough to make any ...

Daily green/red candle

2013 - 2014 Looks like the EA just rained on my parade. Not exactly what I was hoping for.

Daily green/red candle

Thanks, bro. Much appreciated.

Daily green/red candle

Good - wanted to make sure it is based on percentage, because a hard TP based on pips isn't going to cut it.

Daily green/red candle

TP for the system works with fibs. How does the TP work in your EA?

Daily green/red candle

All manual. The rules are very simple - anyone can trade this strategy. No need for an EA, especially when it's based on daily bars. Follow the rules and set your risk to no more than 2% per trade.

Daily green/red candle

I can almost reach that carrot on the stick. Just a little closer...

Scalp all the way...

You can trade long if you have two consecutive green candles, or short if you have two consecutive red candles. It just won't be per the rules. You might want to run demos with the original strategy and your own version, to see which performs best.

Daily green/red candle

If yesterday's closed candle was red, and today's closed candle is green, you buy at 100.0 fib. Please study the OP's charts and it will become clear.

Daily green/red candle