Posts made by Cpt_Cook

I've tried using ChatGPT and Google AI for assistance, and still can't get it right.

The rules. Start by identifying a trend on a 4-hour time frame. 20 EMA above 50 EMA and MACD above the zero line confirms an uptrend. 20ema below 50ema and macd below the zero line confirms a downtrend. Once identifying trend, I go to a 15-minute timeframe, and if the trend is up on 4hour I will enter only if the EMAs are showing an up trend on the 15-minute timeframe. I will only enter once the MACD crosses from below to above the zero line and open a pending order 1pip above the candle that made the MACD cross. I want to set my stop loss below the lowest low of the previous 10 candles minus 6 pips and set my take profit to twice the distance from the stop loss. For a sell. It's just the opposite.

I also only want it to trade during the London and New York sessions only.

(I understand the MACD settings will show market noise, but it looks good on manual backtest.)

So far, this is what I have, doesn't seem to work as intended, and I've no idea how to fix it.

https://fxdreema.com/shared/l3Mrb0Zic

@JayPhillbrooks Hi Jay thank you and sorry for the late reply, I will copy this for mt4 and let you know. I tested my strategy today live and entered two trades in error because I couldn't think fast enough

@JayPhillbrooks Yeah I get you. Its pretty much to see if there is room to the left. I've noticed price doesn't move very far when you put a horizontal line in the middle of the body of the signal candle, (After Close) with a ray to the left and it touches more than two previous candles. I understand you could just eyeball this or manually draw a line but there is already so much to consider when scalping. It would be so nice to have this automatically painted after the close of a candle. Is it possible?

@Cpt_Cook Thats a good point.

@JayPhillbrooks Candle 0. Current candle.

Yes that is right. Through the middle of the body, extending to the left of the chart. Yes, this is for manual scalping. It's only to help me make quick decisions in times of consolidation

Hi Traders. I have a scalping strategy that I want to test live. Every thing looks great on replay mode and on printed paper sort of speak but I have a couple of things I need to consider that will effect live trading.

There is one rule that I cant detect quick enough with the naked eye considering this is traded on the 1 minute time frame. Also it will be impossible to adjust after the signal bar closes.

This rule is simple;

If I had a way to draw a line on the middle of the body on a candle on MT4 it would help so much because I have noticed that if there is more than 2 candles in the line from the mid point of my trigger candle the set up almost always fails to be profitable.

Can anyone help. I seen a forum similar to this but it was for mt5. I need help with mt4.

I would appreciate any help.

Thank You

I think I'm going to just set the EA up with push notifications wiith the 30-minute timeframe setup set up a VPS and manually trade the best-trending ones on the one-minute timeframe. I appreciate your help

I have two email addresses and logged in on a different device. I must have picked the wrong email address through Google Login.

I get you. That wasn't my intention to have this happening at the same time. That explains why the tester only opened a couple of trades.

That makes a lot of sense. I will add the new conditions fo PSAR. and then will try <> for MACD but I don't want the trade to just open right away once the SAR condition is met. Having the MACD x> will give me a better entry on a pullback. Now I just need to figure out how to void a trade if the price pulls back too far.

https://docs.google.com/document/d/1VmKY5_aYJzC1sYatOHl2yOvAy0SlhqDCJhBMTXtkVC8/edit?usp=sharing

Ive put together a brief description, first showing the conditions on a 30 min timeframe then the pull back on the one minute. Its not the best example but at the very least it would have been a 1:1

Any idea how to void the trade if the price breaks back below the low of the last candle on the 30 minute time frame before the PSAR flip?

Hi thank you for replying. So far I have got this.

https://fxdreema.com/shared/QjRebwgUd

Definitely not working as I intended. I backtested it and it only takes a few trades and misses a lot of setups.

I have wrote a brief description of the strategy on Google doc with some images to demonstrate.

https://docs.google.com/document/d/1VmKY5_aYJzC1sYatOHl2yOvAy0SlhqDCJhBMTXtkVC8/edit?usp=sharing

I think this strategy will have some potential. I am debating to leave out the EMA's but not sure

Hi I was wondering if anyone can help me with an EA. To me, it feels complicated. My strategy first involves checking the 30m timeframe. For a buy, the first condition is to have the price go above the parabolic SAR. Only valid If the 20ema is above the 50ema.

Once these conditions are met the next step is to look at 1min timeframe. When the MACD closes above zero line, a buy order will be placed.

A buy would become invalid if price broke below the low of the candle on the last candle on the 30 min time frame when price was below the SAR.

This low would also be my stop loss if a MACD cross did occur before this point. Take profit would be a 2:1 or next POI on 30 min timeframe.

For a sale trade its just opposite?

This is what I have so far and it is way off. https://fxdreema.com/shared/jbvpBB35