Originally Posted by Ms_Mel

Just scroll a few posts back (starting here #2327), I explain (roughly) what I’m doing. But basically, I’m testing 28 pairs (see post where I list them) on the 1H timeframe. I use no filters for entries except for trades being taken on the 3rd bar. Lot sizes are 0.1 and max number of trades per pair is set to 6. For exits, I simply apply a trailing stop (the 4th option in the ea at the bottom – not sure it works, I had to do it manually so far) and the trailing stops are each pair’s ADR (Average Daily Range) divided by 2. Every Sunday, I check all the pair’s ADR’s and adjust accordingly. Stop losses are each pair’s ADR. The ea version I'm using is "bouncingpipeaMpower42".


I had a rough start 2 weeks ago as I had put an entry filter (I can’t remember which one) which caused trades to be entered then almost immediately exited or exited on the next bar because a new arrow appeared (or something). So now, without this filter, the “bad” trades are kept (up to 6) and the new entries simply act as price “averagers”.

Of course money management would need to be taken into consideration – I wouldn’t trade like this live – don’t forget I’m in the initial phases of testing, so I’ll adjust as I go along. But apart from the initial drawdown (which I explained a few posts ago), this system is really impressive. As I type, here is where I stand:

Initial capital: 5000.00
Current balance: 8658.00
Equity 9475.00
Margin: 1595.00
Free margin: 7880.00
Margin level: 594.04%
Open trades:817.00

Hope this helps,

Originally Posted by hamoudi331

Hi PriNova,
thx for the EA....I have never tried to work with an EA, this time I will give it try. I don´t know anything about EA, I just know how to attach it.
Did you tried it, if yes how where the results?
Can it be backtested?
How does it work, like TP, SL?
When and how does it enter(when the 30min, 60min and 240min give the signal or just by the 30 and 60)??
To let the EA function do I have just to attach it without changing any setting??
I think till now my questions are enough, hope you`ll help me

by the way....are you from Germany, if yes I am too??

Kind Regards
Mohama Agha

Originally Posted by hamoudi331

Hello bigbear3391,

I want really to thank you for this threat since its the first strategy I used and mad me money.
Yesterday I entered the market using your bouncing system with the following results:
Long GBPUSD TP = 603.36$ (95pips);
Short USDJPY TP = 579.52 $ (97pips);
Long EURUSD still open = now up 432.49$ (68pips);
Short USDCHF still open = now up 416.15$ (67pips);
Long NZDUSD still open = now down 184.45 (-29pips).
Total: 1847.07$ (298 pips)

Very nice results for my first trades, I used 1 lot for each trade but my brokers pips are much thighter than other brokers (I think I have to change my broker)

I waiting for more signals now.
BigBear, this threat is really huge, I could not read it all, but you asked for an EA for this system, is there any EA for this system??
If yes please attach it if you can.
Thank you very much

Originally Posted by hamoudi331

hello all,
All my trades are now winners...I am really happy to wake up today morning and discover that are my trades are winners.
Prinova, thx for your help, but the system must confirm the 3 graphs (30,60and 240min) toget a buy or sell signal.
So I think it can not be autotraded, I am not sure about my info., I´ve never used an EA but I am just thinking logically.
Forex11, can you please help me with my questions I asked before??
--Did you tried it, if yes how where the results?
Can it be backtested?
How does it work, like TP, SL?
When and how does it enter(when the 30min, 60min and 240min give the signal or just by the 30 and 60)??
To let the EA function do I have just to attach it without changing any setting??--

I hope you´ll help me
thank you very much