Strategy with 91% win ratio: tested and EA

[@a.porteghali7402]

Thank you. To be honest, I shocked when I saw the title of the tutorial. it promises a high profit at first glance which is in contrast to your standard channel contents. However, when I watched the tutorial, I found it is your usual brilliant technique of evaluating a strategy through coding.

[@OrchardForex]

Thank you for taking the time to go through it all. I did say maybe profit is increased by running multiple symbols. I'm putting it to the test. I have a live 5K account running this on 4 symbols. Let's see how it goes.

[@ardiwijaya5172]

​@@OrchardForex hi hows the update, would be a blast if you make a video on the result ;)

[@JureZupanec-w8v]

By testing the strategy on my own I just couldn't replicate the results from the original video. Then I realized that "our" strategy as coded in this tutorial apparently just isn't working completely in the same way. I think that the original strategy doesn't open a new trade when another one is already open (and is waiting for a win or for 10 candles to close). I base this on: 1) In StatOasis video chart examples (on 3:00) there are never two simultaneous trades open even when the criteria are met. Notice the candle just under the crosshairs on position 6/21/2024. A short position should have been opened there, but wasn't. (You can see the lower wick going below the previous candle low.) 2) On 8:00 he explains that after eliminating the long side for AUDUSD the average for the short side improved from $50 to $77.50 because "... so some trades will have time to work..." I'd be glad to hear your opinion on this and also whether someone has already tried using SL and/or TP with this.

[@mkhpd]

Thank you. Your code is far more elegant than mine and I learn something new every time. (Now I just need to remember which video I saw that particular bit of code😊 for next time!)

[@OrchardForex]

Glad to help!

[@antoniomachado8782]

Very Interesting video! With your explanation, it becomes much easier to start to understand the code and its logic. Could you please consider making a video (or maybe a short series) where you would develop a structure to create a Multi-symbol EA? The reason I make this suggestion is because I'm trying to develop a multi-symbol EA, but the indicators' values retrieved for the last closed candle (1) of the base symbol and for the other symbols aren't correct. For the base symbol, yes they're correct (values relative to the last closed bar (1) ), but for the other symbols, the values retrieved are the ones of the previous bar, I mean, bar 2... Which, of course, shouldn't happen. If, somehow, you could shed some light on this, that would be super helpful!.. Thank you very much!

[@marcovalentinoalvarado3290]

Didn't even see the video yet but, liked!

[@OrchardForex]

I appreciate your confidence

[@JureZupanec-w8v]

Thank you for another worthy video. A question: wouldn't it be more efficient to just send BuyStop or SellStop orders instead of checking on every tick if the price has reached our Buy/Sell level? I mean, we check for the pattern i.e. reset the entry prices on a new bar anyway. Wouldn't this shorten testing time significantly? As for any slippage in live environment: isn't it the same risk for Market and Stop orders? Just a thought, maybe I'm missing something...

[@OrchardForex]

Good question, but I don't have a good answer. I just didn't think about that. Slippage is generally less for stop orders because they are already with the broker but in reality slippage can go both ways so for trading on a daily chart I wouldn't worry about it.

[@WayneWright-w1i]

Hey there, thanks for the amazing video. How would you add a takeprofit, stoploss and trailing stoploss function to this strategy?

[@Tchiffer]

Hello sir, i'm trying to write a small script for a function that counts Open Orders for a particular price in mql5 it's really difficult for me. Can you help me out please

[@mr.adamprince4853]

Thank you Sir

[@OrchardForex]

Most welcome

[@marcovalentinoalvarado3290]

Also what's your opinion on PAMM Accounts?

[@caberawit7970]

Sir. Can you program EA Fibonacciretracement. For entry sell limit or buy limit at the retrace level and the lot is adjusted to a risk of 1% of capital.please

[@JuriFab]

let me know if I can copy the code from video? Want to do some tests

[@jamesomban6054]

Hello sir, thanks a lot for sharing your knowledge. Are you still accepting clients for making ea or not anymore?

[@stanleymusiime1601]

Hello sir, thanks for the very high quality code you share. It's very useful. Thanks so much. A kind request: pls give some thought to coding chart patterns like the head and shoulder pattern? I don't see any examples of these anywhere on KZbin for mql5. Yes for python I have seen neuro trader, but that's about all. If you are able to consider an example or how to about developing code to identify and trade chart patterns this would be really great. Thank you!

[@Stisse12]

Why not just closed the trades if you are 5 candles in and are in a loss. Shoulf optimize this with a input variable and test what works best.

[@Zorny11]

What prevents the EA from opening more than 1 trade? I don't see any checks on current Open Positions.

[@smetljesm2276]

Good video. I am kind of surprised at that 10 candles to close and no SL rule. That a long time on the daily. 10th day got little to do with first IMO. Very surprised it didn't blow the account. Me maybe some recovery trades or grid to break even would improve the profitability.

[@OrchardForex]

If I get time I might try some improvements.

[@MinhTruongNguyen-em8jk]

Is this "Smash day Patterns" of Larry Williams? If I was right, this strategy can use for S&P500 with 75% Winrate.

[@milkovivaldi]

Instead of "continue" is it faster to use a filter like "if(what I want)" in this case the compiler doesn't go further into the code right? And is there any reason to write the variables profit and time instead of writing the classes directly?

[@OrchardForex]

The compiler goes through all of the code, the difference is at runtime. Using continue means at runtime the process goes directly back to the beginning of the loop where embedding inside an if statement means runtime first goes to the end of the if block. And using all those embedded if blocks is just poor code to maintain. I used variables for profit and time for readability in the tutorial, you can use the classes directly.

[@milkovivaldi]

@ yes, in fact I use unique “if” block only whether there is nothing else in the function therefore if compiler does not entry into if the function is finished otherwise is better continue, thanks 🙏🏻

[@donbangert]

I suspect this strategy would be better suited for stocks.

[@pabslabspabslabs4589]

A lot of these daily bar strategies are good for indexes which are generally going up..sp500, nas100 etc

[@OrchardForex]

The video with the original strategy ran all tests on currencies, but you could try it for anything.

[@jafxtradinginstitute6395]

Hello . 50ema cross aboce 200ema If Supertrend indicator is uptrend Enter buy when WPR indicator goes oversold and abd 5ema cross above 21ema. On H4 timeframe Stochastic must be above 50 level QQE indicator must have fast line cross above slow line. Code this please.

[@aht786]

Hi, I would love to do this for you.

[@OrchardForex]

Are these changes to this strategy or something completey different?

[@jafxtradinginstitute6395]

@@OrchardForex same nothing change .

[@RichWayGlobal]

Hi, can you please paste the code to me?

[@skeetabomb]

I have a complicated model I wish to code but I need help. How does one contact you for paid coding or advice?

[@OrchardForex]

Sorry, I don't do custom work.

[@aht786]

Hi, I would love to do this for you.

[@apostolosserkezos875]

can we use this strategy manual on demo accounts?

[@OrchardForex]

You can use any automated strategy manually, but you do have to consider being at the terminal all day and night.

[@เปรนดซูโม]

I tried this EA for different forex pairs, all on period of min. 10 years. No account was blown up, but win / risk ratio was bad (risk of blown up account for few procent win). But maybe I did something wrong 😅 Then I had same idea and mixed with recovery EA. I ended up only using the recovery EA on occasions like earnings or economic news ...

[@OrchardForex]

The video with the original strategy ran tests over 10 years (or something like that). A recovery plugin could be a big improvement.

[@boreneoman7728]

lol

[@Kashfxalgo]

I tested it got totally different results

[@OrchardForex]

Hard to know why but it could be as simple as quality of backtest data and a different source.

[@mpatel_in]

which time frame for this system?

[@OrchardForex]

It's in the video. Daily.

[@mpatel_in]

@@OrchardForex ok

[@funshabets5000]

Risk/reward is terrible in fact you can't assess what your reward or risk will be. Let's say you want to risk 2 percent, this is impossible with this strategy, you're risking your account. Pattern might be useful whithin a different strategy, but there is not hope for this particular strategy . Excellent coding though !

[@OrchardForex]

Thanks about the coding but aren't you just saying what is already in the video? If I used this I might ass take profit and stop loss.