heshuhan
Well-known member
Hi all,
I was thinking of building and EA that uses no indicators and purely price action /time stops.
I funded $100 into a live account and this is my hypothesis:
1. Between 1 hr to another hour bar close, follow the predominant trend on dips. Eg. If general slope is up, and price dips with slow down in momentum indicated by classical candlestick patterns, go long, using M1 charts
2.Just as the hourly bar is about to close (10 minutes before close of hourly bar), trade the opposite direction once.
3. Resume the trend following as the bar enters in to the 10th minute.
4. If price is consolidating or volatility does not exceed a 5 pip swing range, don't bother trading. Just watch and wait for breakouts.
5. I use a autostop EA to place average 5 pip sl and 5 pip tp.
6. Don't risk until you have a DD exceeding 20% of your account. Ideally keep it within single digit (the statement I attach has a DD of around 8.79%)
7. Wash, rinse, repeat
I did not manage to code the EA successfully yet as I am trying to make custom buffers to read the differentiation of time axis versus price axis. ie .d
/d(x)
Attached is my live test result, deposit $100, roughly 2 days of trading, and $500 withdrawn.
Disclaimer: This method is a stupid method. used by stupid traders like me who have nothing better to do than to experiment with stupid ideas. Feel free to try. Enjoy!
I was thinking of building and EA that uses no indicators and purely price action /time stops.
I funded $100 into a live account and this is my hypothesis:
1. Between 1 hr to another hour bar close, follow the predominant trend on dips. Eg. If general slope is up, and price dips with slow down in momentum indicated by classical candlestick patterns, go long, using M1 charts
2.Just as the hourly bar is about to close (10 minutes before close of hourly bar), trade the opposite direction once.
3. Resume the trend following as the bar enters in to the 10th minute.
4. If price is consolidating or volatility does not exceed a 5 pip swing range, don't bother trading. Just watch and wait for breakouts.
5. I use a autostop EA to place average 5 pip sl and 5 pip tp.
6. Don't risk until you have a DD exceeding 20% of your account. Ideally keep it within single digit (the statement I attach has a DD of around 8.79%)
7. Wash, rinse, repeat
I did not manage to code the EA successfully yet as I am trying to make custom buffers to read the differentiation of time axis versus price axis. ie .d
Attached is my live test result, deposit $100, roughly 2 days of trading, and $500 withdrawn.
Disclaimer: This method is a stupid method. used by stupid traders like me who have nothing better to do than to experiment with stupid ideas. Feel free to try. Enjoy!