Hi Simplex,

recurrent statistics indicator was used only to find the exit point. it was not used for any entry.

Here is the summary report of the backtest done for last one month for EURUSD using the EA.

When the SL and TP were not set, then most of the trades were winners in a ranging market but in trending market, there will be huge drawdown, hence i set the SL and TP and tried it out 

Here is the summary report of the backtest done for last one month for EURUSD using the EA.

Hi Friends,

I have modified my EA a bit now that it reduced the number of failure trades and I can see a profit when i backtest for last one month for EURUSD 

Additions:

As per Scissors idea, I am now checking for next 48 bars after a PTZ. and then enter the trade and close the trade based on SL set or TP set or when the current…[Read more]

Hi Scissors,

This looks like a sound strategy and thanks for sharing your great ideas here with us and to form a part of the team.

If i understand correctly your idea,

1. Set the H=96 in M15 timeframe. Wait for a PTZ to be created. (PTZ will be created when the left side 96 bars are complete and the focus bar is complete).

2. Now, wait for the…[Read more]

Hi Scissors, I am trying to understand what you told. are you saying that we will wait for a confirmed TZ and then enter the trade after user inputted H bars?

Thanks Kenergy for the wonderful information you have provided. your idea was good as if trade using RZ then there will be more trades than trades with TZ. As you told, we can work together so that it would help to  come up with some good idea in future maybe.

Note- As of now, i was able to successfully retrieve only the values for Up and…[Read more]

Thanks Kenergy for the wonderful information you have provided. your idea was good as if trade using RZ then there will be more trades than trades with TZ. As you told, we can work together so that it would help to  come up with some good idea in future maybe.

Thanks a lot Kiads for taking time to go through the thread and giving some valuable ideas… I will definitely go through it and come back to you with more questions/information

thanks a lot saver0 for this opportunity to learn from all you mentors….