Hello everyone, i have one goal and that is to find the best candlestick pattern to trade. So firstly i want to build any pattern i want, and here is the first problem, to this day i still didnt find any such mt4 software. So i had to create my own. But problem is that i couldnt afford yet to implement trend and snr filter, so i results are not the best, but here it is, my serious analysis of patterns. I need support to improve it. But if you know any better software to do such serious tests, please let me know.
Link to the EA for tests (you can do it all in FREE demo): https://www.mql5.com/en/market/product/52303
MARUBOZU pattern (naked testing, without any filter like trends and snr)
Basic structure:
Final results:
You can see i got four different tables. With yellow you can see most important info, that is how much would you get on 100% investment, profit is everything above 100.
- AUD/USD, 1h time frame, 10 year testing period, bullish body, sell at close price, (stop loss 1 = value of body)
- USD/JPY, 1h time frame, 10 year testing period, bearish body, buy at close price, (stop loss 1 = value of body)
- USD/JPY, 5min time frame, 1 year testing period, bullish body, sell at close price, (stop loss 1= value of body)
- USD/JPY, 5min time frame, 1 year testing period, bearish body, buy at close price, (stop loss 1= value of body)
As you see, profitability is quite low, so do you have better solution, proof of better results? Please give me ideas.
And the whole process behind it:
