candle EA on mql.com to catch signal scammers
Signal scams or scammers can be caught easily an charlatan sites with scammers and trading failures can be caught
Candles expert advisor for avoiding charlatan trading signals
Hear the truth about the great forex scam. Are there fake traders on mql5.com?
Anton Kreil Annihilates Retail Brokers, signal providers and "Trading Educators"
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I was getting a lot of fake trading signals from price action education,trading signals that I had read about on other forums. I decided to have a EA made on this site to test this education, I paid $2,000 for this education and lost money on live accounts, using this education. .It cost me $50 for the expert, it was really cheap, but very well coded and very useful, because it saved me thousands of $$$$$$$$$ of real money by avoiding fake price action signals.As a result of this candles expert advisor, I have found many profitable strategies, simply by back testing various candles set ups.
A candles expert advisor will tell you, if the signal you get from your own analysis , has high probability of success.It will also avoid many fake signals, and lead a hard working trader, to see a success rate of above 60 %.
It can also back test all indicators, to help traders how to use indicators correctly.It can also back test price action candles education.Real traders talk about fake signals, trade break downs, lagging indicators , price action failures etc etc.
Here is the logic for coder to code, if anyone wants to back test charlatan signals, indicators and price action education.
EA will open trades at hourly bar close
hourly bar :10:00 //candle signal hourly bar = close of 10:00 bar.............see alternate signals for ea design
stop loss 200 take profit 100
input string CloseTime="20:00";//trade closed everyday at 20:00, if time is 00:00 trade will close on friday at 19:00
extern int StopLoss=100;
extern int TakeProfit=100;
input string StartTime1="10:00"; if start time is 00:00 it will test all hourly candles
input tipp TypeOfTrade=Buy;//tests buy .........................if sell it will test sells
candle time frame : H1/M30 /H4/DAILY // H0 WILL TEST COMBINATION OF CANDLES
alternate candle formations will be changed in ea :there are hundreds of other formations I use,i have them ready in following formats
if(iClose(NULL,PERIOD_H1,1)<iOpen(NULL,PERIOD_H1,1))// if alternative candle formations are input ea will test them
if(iClose(NULL,PERIOD_H4,1)>iOpen(NULL,PERIOD_4,1))
put a indicator testing code with 3 moving averages for back testing indicators and moving average systems.
only purpose of ea is to back test candle formations probabilities, indicators and moving average systems profitability.
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