Recruitment of participants EUR/CHF BIG CANDLE ENTRY ROBOT MT4

EUR/CHF BIG CANDLE ENTRY ROBOT MT4

with Automated Roulette TRADER Money Management.



Strategy Details

This EUR/CHF BIG Candle Robot enters trades on larger-than-normal candles when specific conditions are met. It includes 2 versions of the robot to exploit different time frames (1-Hour and 4-Hour candlestick charts). These 2 robots average 23 trades per month combined (16 trades per month on the 1-Hour EA and 7 trades per month on the 4-Hour EA). Some trades open in the direction of the candle but most trades open against the direction of the candle anticipating a correction back toward the primary moving average. However, the entry signals are only a small part of the strategy. These 2 EAs include multiple exit strategies, which can turn a mediocre strategy into a great one! They include the following exit strategies...
Hard Stop-Loss and Profit Target
Combined Floating Profit Target, which combines the pips of all open Buys, Sells or Both!
Big Move Exits (1-HR EA) based on a large fast move in the direction of profit.
Big Candle Exits (4-HR EA) based on large 1-Bar, 2-Bar, and 3-Bar moves in the direction of profit.
Consecutive Bar Exits: Closes trades after X consecutive profitable bars (candles) or X consecutive losing bars that meet the minimum pip requirement.
Timed Exits: Closes trades after any specified number of bars. This allows the EA to be used for Binary Options, although the settings used in the models on this page are optimized for Forex spot trading with this feature disabled.

1-Hour Signals On a Chart Using Various Exit Strategies...





The Money Management section starts at Minute 2:50.



Cumulative Wins Money Management with a 20 Unit Cycle Target

Both versions of this robot (1-Hour & 4-Hour) include multiple preset files for applying both Positive and Negative Progression money management strategies. The settings used in the backtest below uses the Cumulative Wins Money Management strategy with a 20 unit cycle target and can be started with as little as a $250-350 beginning balance, depending on your broker's maximum leverage. It increases the lot size by 1 unit following qualified wins (18 pips or larger) and decreases the lot size by 1 units following qualified losses (16 pips or larger).
In this model (preset file 20a), each 20 unit cycle target averages about 306% every 6.5 months when allocating US$250 balance per 0.01 unit size. For US and UK regulated brokers, allocate at least $350 per 0.01 unit size due to higher margin requirements (lower max leverage) for an average return of 219% per cycle.
The average 20 unit money management cycle lasts about 6.5 months, which means you only need to make a lot adjustment to compound your profits once every 6.5 months, on average. In the meantime, the EA will be auto-compounding your profit up to your 20 unit cycle target. At that time, you may increase your lot settings based on your new balance to scale the model up for the next 20 unit cycle. The report below stays at 0.01 unit size (0.20 lot max) throughout the entire backtest so it does not show compounding of profits between cycles. This trading model has the highest profit potential of all the preset files included with the EA but if you prefer less profit with a more steady equity curve, see the other models further below.



Cumulative Wins Money Management using 5 Unit "Stay At Max" w/Hedging Allowed


Negative Progression Money Management
NON-Hedging, FIFO/OANDA USA Compliant