#34 EA Third Installment "Trend Take-All Method" Initiated
Following the "Mustache Shaving EA," the "Crosshair EA" has been completed, so we are starting development on the third installment, the "Trend Take-All EA."
The first two works focused as much as possible on safety, so they became investment-trust-like products.
※ By "safety,"
1. limit drawdown
2. keep win rate low enough so that brokers’ dealers don’t notice
as the goal.
As a result,
The "Mustache Shaving EA" doubles the funds in 3 years,
and the "Crosshair EA" doubles funds in 3 years,
but both use long-term timeframes with stability, so Gogojan's screening hasn’t finished yet.
After all, daily charts only show 20 bars per month, and 4-hour charts only 120 bars per month.
Even on the 4-hour chart, only 2 cycles run per month. ( ˘•ω•˘ )
The "Trend Take-All EA" would like to make it work on the 1-hour chart somehow,
but we’re still at the stage of thinking up the logic.
Many FX players want EA that wins aggressively in a short period, but
if you do that, you’ll surely get "hunted!"
Major Japanese investment trusts have annual returns of 2–8%, so
the "Mustache Shaving EA" and the "Crosshair EA" exceed that rate by a lot, but
everyone isn’t satisfied with that… (^_^;)
The 3rd installment, the "Trend Take-All EA," will, like the previous EAs, ensure safety and
try to bring it a little closer to the gamblers’ tastes (w).
Now… from here, it becomes paid-level information! (laughs)
What is the "Trend Take-All Method"?
Both the high and low of the candlestick will inevitably be breached.
If you can confirm that the current is in an uptrend, place a sell limit at the opening price of the bullish candlestick.
This will be breached sooner or later.
※ Actually, I never place limit orders.
Because that would reveal our cards to the broker’s dealers.
During an uptrend, this limit will be updated or the number will increase.
(In this EA, I plan to use "updates.")
When the cycle reaches the peak of the Elliott wave and enters a down phase,
you will take profits wholesale from the start to the end of the downtrend.
Even in an uptrend, there are small pullbacks, so placing a limit at the start of every bullish candle would cause you to lose repeatedly.
※ Reiterating, I do not place limits.
So for now… at least for now, the rough idea is
during an uptrend, place a limit at the opening price of the bullish candle that appears after a bearish candle
× Limit
〇 Target
on the opening price of the bullish candle
After a few small losses at the peak of the Elliott wave (to counter brokers),
you take away all the profits from the downtrend.
Again this time,how to impart a "human eye" to the program...is the question.
This is the difficult part. (;´Д`)
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Next:
Once the basic logic is ready, I plan to code and test it first…
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