It's interesting that you noticed this. No, the logic is not correct. I misunderstood the original algorithm: The7 probably meant to use the Low and High for an absolute stop limit, but I used instead the candle High-Low difference for a relative ...

The7 Trading System

Stop trading manually. Otherwise this will likely happen again. Have a trading system that you can strictly follow. Learn how to script, BACKTEST YOUR SYSTEM over at least 4 years, and then trade it with small amounts at first (microlot account). ...

How can I recover my huge (for me) loss

Yes, but daily candles are the best for this system. I tested 4 hour timeframes which usually generate the most profit with forex, but not this time. The likely reason is that the system directly uses the close and open prices of a candle. Direct ...

The7 Trading System

The system loses about 900 pips/year on weekly bars with the 3 tested assets.

The7 Trading System

In fact, MT4 has a hidden feature named "Virtual Dealer Plugin". This feature allow brokers to add artificial slippage to your trades, and prematurely trigger your stop loss. That's one of the reasons why no successful trader I know would touch MT4 ...

Why there is no alternatives for MT4?

That's right, but the results are not "in the past". They are from a walk forward analysis. Otherwise they would be rather meaningless. The Walk Forward Optimization method I'm using is explained here: url

The7 Trading System

Well, better let it not be up to what you "like". Better use the method that gets you more profit. Candle may touch -> 255% annual profit Candle must not touch -> 212% annual profit

The7 Trading System

I made some more experiments with modifications of that system and found that the performance is quite good. The following chart is the result of a walk forward analysis with 3 assets and optimized parameters. A a walk forward analysis is very ...

The7 Trading System

No, he exits when he enters in opposite direction.

The7 Trading System

I think the description was quite clear. Here it is in my script if that helps: // Short when candle closes inside the channel if(priceOpen() > EMA5H && priceClose() < EMA5H && priceClose() > EMA5L) enterShort(); // same for long. Let it run until ...

The7 Trading System

The test was with GMT0 candles, I use them too. By the way, your additional condition - only enter a trade when the whole candle does not touch the opposite EMA - reduces the performance a little. Best performance is when only the close does not ...

The7 Trading System

This is very interesting. It is an extremely simple system, yet it is indeed profitable with some pairs. It returns 10% per year on EUR/USD, 84% on AUD/USD, and 45% on USD/CAD. It loses money with GBP/USD, USD/CHF, and USD/JPY. If someone wants to ...

The7 Trading System

Max: Aside of all my scepticism about Doji, the new rules have improved the system. I get now a small win -18% per year - in a 4 years test with both EUR/USD and AUD/USD. Other currencies are still losing. But I've tested it quick and dirty without ...

Max's Simple Ride the Wave System

Let me give an example: Assume an asset with the price at midnight at $10. It rises to $11 at 12:00, then falls to $9 at 18:00 pm, rises again to $10 at 24:00 pm, and rises further to $12 at 12:00 the next day. If your price data begins exactly at ...

Max's Simple Ride the Wave System

One question. I see that you're using pin bars and dojis for manual exit points - does this make sense? Pins, hammers, dojis etc were defined for assets that have fixed trade hours. But currencies are traded 24h, so if a candle is a doji or not just ...

Max's Simple Ride the Wave System

Have also a look at Zorro ( url ). It's a noncommercial public domain software and I was involved in the development. I'm grateful for all feedback or suggestions.

Strategy Backtesting Platforms

Hmm, as I started trading, experienced traders told me: never ever trade with "gut feel"! Anyway some comments on "tightening the rules". I fully agree that this is the key to make this system profitable. However, I see no real attempts in this ...

Max's Simple Ride the Wave System

A practice account has normally no slippage. Slippage is not caused by the delay between order and execution, it's mainly caused when there are no quotes that match your close price. The broker then takes the next best quote, which can be quite ...

Losing profits due to slippage?

Hi Max - very interesting thread. You have described your system very precisely, so it's a matter of 5 minutes to put it in code and backtest it in a simulator... but when I do that, I find that in the long run the system is losing money. It loses ...

Max's Simple Ride the Wave System

Have you backtested your system? If yes, how is the performance?

Max's Simple Ride the Wave System