Thread: what can we do with 90% winrate?

Hi all and welcome!)

First I like to say that this is more like a notion than a trading platform so far.
We could say it's under developement and anybody is welcome to help.
I also like to say that nothing really is copy righted, what's free for everyone.
It is time to allow the retail merchants get an edge, what we need is consistency and profitability.

I do not advise anybody to trade this system live yet, as stated, this system is under development,
and might still not be secure to trade live, if you decided to do so, you will do this on your own risk.

I started this thread to share this thought and trading method I found that we together hopefully can improve it.
More heads is far better than one and I am probably not the smartest guy, so here it goes.

At it's present state, this method have a 90% win rate. So that it wins 900 trades from 1000 or 9 times out of 10 trials, I've back tested it 1000 trials, and that is the way I got this percentage. The system is profitable, but requires improvement, particularly on the risk to reward standpoint, since it's traded today with greater risk than reward is something that possibly should be changed,

to tell you the truth I don't understand how and I can not come up with anything that works, so far everything I could think of will impact the win ratio negatively. Thoughts are of course welcome,

I don't possess an EA, I have been trading and testing this system manually in Forex tester. I haven't yet been trading because I think that it has to be improved upon original this live.

IMPORTANT! I do not advise anybody trading this system live just yet,
though they might, only be ready that you suddenly can find a major loss,
and remember I warned you, it should still be profitable in the long run so it's up to you to decide just how much drawdown it is possible to accept.

It is a really simple method, we will use the typical retracement tool found in Metatrader, however, we will change it initially.
So let us proceed to start our retracement tool, then delete every single layer except zero and 100 and 1.168,
then insert just the level 80, (0.8)
on the 80 line within the retracement instrument, mark that as Target,
on the 1.168 degree, mark that as prevent loss.
Now we have our instrument, and that is all we will need to trade this thing.

It should be looking something like this

I create a fast back test on gbp/usd beginning from august till now
it's about 57 candles with 6 stops and 51 wins

https://en.wikipedia.org/wiki/List_of_cognitive_biases

Originally Posted by ;

This is Version 1.10 of this EA that does not trade if the body dimensions of the previous daily candle is greater or less than two user defined thresholds. pictureimagedocument From two preceding backtests we can observe that a win rate of approximately 70% can be anticipated from this egy. If we add more effective filters we may be able to increase the win rate, but it is not easy to achieve to 90% win rate... I guess...

can you give me the results in a form of x and
where x is a declining trade and o is a wining trade

Originally Posted by ;

How are the gaps handled?

I believe that the existence of gaps will enhance the profitability ! As it is trend.

No HG here. By April 2007 to today on E/U every day the winrate I get is 72.1%.

Why don't we try the opposite (follow the former candle direction) ?
And maybe also with a inverse RR (profit at 1.618 and SL in 0.8 (or 0.38 to get a 1:1 RR)).

Edited

This is a draft EA to examine various ideas.

Inputs :

// Magic Number (Unique for each graph) -- default 40851
// Risk Length -- default option 0.01
// Stop Percentage -- default 0.62
// Goal Percentage -- default 0.2
//Follow Previous Candle -- gt; default untrue
https://www.forexsoutheast.asia/atta...1518135479.ex4