I have been asked if I am bringing Candle Light back online. I will do so but with many changes. I have added a Hedge factor to the trading that seems to work really well.
But I will not have 100 per cent success rate. Candle Light had 416 trades and 4 loses. That put it at 99 percent success. But let me tell everyone that 100 per cent success rate is NOT the sign of a good signal. If you ride out the fluctuation and have a successful trade, the fluctuation could wipe out an account.
The over all success should be a look at the beginning balance and the ultimate return on the deposit.
With that in mind, my success rates on my tests over the past months have been in the 95 percent range with good profits.
Soon I will provide the signal again. For the people who know me, you know just how cautious that I am.
Hello All. Yes I ham still trading. But so far I have been trading my own account. I have a ton of messages and I will do my best to answer each one.
I have tried to convert my trading methods into an EA for this community to use. It has been extremely difficult and I thought on several occasions that I had success. However, during heavy stress testing, the EA was not preforming as needed.
I know a lot of you guys that have been following me want to know my methods and market entry and exits.
In any case, I am considering reinstating my signal once again.
I have prepared a document that is rather long about Forex Trading INSIDERS.
It describes how the Big Guys trade such as banks, institutions, and large funds trade. I was a Stock Broker for many years so I see things very much differently.
I believe that I have a great insight. That is the reason I am so cautious when trading. It seems that the general public are the liquidity sources for the markets so that the Big Guys can make the money.
If anyone wants a copy of this document that might bring some insight, please PM and I will give you a copy.
As you all know Candle Light Signal was very successful until the last two trades. After looking at this activity over the past year, I wonder if there is an addition that can be added to the indicator that might prove successful. If you read my post at http://candlelight.forexultralowlatency.co.uk/ where you can also download the Candle Light Indicator, that almost seems like it goes against my basic idea. But it is important to look at every aspect.
I am now ready begin the release of all the parts of Candle Light. I will release the Indicator first and then shortly I should have the rest of the EA ready for release. It has been rather difficult to compile Candle Light in to a user friendly EA and Data Files.
The complete project consists of several parts. The Indicator so that you can monitor and understand the flow, A Java Script Manager that allows control of the data file, the data file that is used for generating the trades and of course the EA that will listen to all of those items and execute trades.
I am only R E Q U I R I N G a few things.
1. You may not resale or use this system except for your private trading on your own personal account.
2. Do not argue and complain but instead try to find ways to improve or enhance this system.
3. Work as a team and post results or improvements as we move along
4. Do not use mainstream methods of thinking
If you are interested in getting this Indicator then PM and I will send it along.
If you have already requested to be on my list, I will be sending you PM for the information as fast as I can.
Thank you to all of the wonderful and professional Forex traders who responded and requested to become part of my research group for Candle Light.
If you sent me a PM then you are on the list to get some documentation and the EA for Candle Light at no charge.
Part of the hold up on getting everything out to you guys is my attorney, who is also my best friend. That means I get free legal advice :)
He wants me to Publish my theory so that I will be credited for the system.
Believe it or not, it is pretty simple to Publish professionally. So that is on my list for this week.
I think the best way to proceed is to provide some background information on my system so that we can all get on the same page.
That will be out shortly to anyone who wants to read it.
Then we will begin with the indicator and then EA.
As I have said in the past, It is a great system, (420 trades, 99% success - 2300.00 made a profit of 35 000.00) but I feel with dedicated and interested traders that we can enhance it and make it really great and much safer to use.
Candle Light was very successful for just over a year. I made 420 trades all were profitable but two which lost about 30.00 USD. That was due to a fast market.
Now that the Eur seems to be running sideways, CANDLE LIGHT is not performing. I have spend the past 6 months trying different settings but nothing is giving me 100% success trades. The best I hit on a regular basis is 97%.
I have been asked over and over again to explain my system and how it works. It was difficult to use and manage until now. I have a very good friend who is now setting CANDLE LIGHT up as an EA.
I am wiling to GIVE THE EA AWAY FOR FREE.
This is the same exact method used when I was trading CANDLE LIGHT SIGNAL.
There are a few requirements in order to get a free copy.
The users will need to post results in a private forum (I am setting that up now)
The users can not resale my copy or modify my copy and sell it.
The users will need to work as a team group to make it better.
At this point I am still working on the EA and finishing up the interface. But I wanted to find out if there was enough interest to put together a group of guys to help test and work out a good method if we have a bull market.
TOGETHER WE SHOULD BE ABLE TO ACHIEVE MORE THAN ALONE.
Let me know if you have a interest in getting a free copy of CANDLE LIGHT