Brainwashing EAs - page 11
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
BrainTrading is different from Brainwashing.
Different idea of trading and different indicators.
-----------------
- In BrainTrading
we are catching the beginning
of the trend and we are not really
care about any reversal or about
when the trend will be finished -
we will receive the profit as
some part of the trend anyway.
If we did mistake (for example,
system decided that it is trend
started but it is not)
so stop loss is very small.
To avoid any mistakes so
we are using the other timeframe
conformation and so on.
We do not want to have mistake estimating where the trend will start.
But anyway - stop loss value
is very small.
- In Brainwashing
we want to trade together with the people.
If people go short so we go short.
We do not want to complicate
our life and because of that
we like simple indicators and
this simple Brainwashing system.
We want to make small deposit to the broker
because we can regulate
the filter in this system (we can regulate
the filter
to filter the false signals using
iTrend indicator which = Bears Power +
Bulls Power + Bollinger Bands
+ current price).
We want to trade together with majority
of the traders.-----------
2 trades were closed ths week.
Brainwashing 1c. H1 timeframe, dynamic iTrend levels for USDJPY:
and Brainwashing 1c. M15 timeframe, dynamic iTrend levels for GBPUSD:
Just some explanation about iTrend level.
If you read my above posts so you will understand how to set it.
But where is this level in EAs' settings?
It is here:
And it is how this EA works:
And it is the trade which was already closed when I typed this message:
--------
Please note: you do not need to attach any indicators to the chart to trade by this EA. I am doing it because I am estimating dymanic iTrend level every weekend - see few posts above).
And it is example with Brainwashing EA, H1 timeframe, USDJPY.
It is the settings of the level:
It is the explanation about how EA opened 2 orders and why:
And it is the statement:
Please note: i am using dynamic iTrend level for M15 and h1 timeframes. It means that it is necessary to estimate this level every week (read some post above about how to do it). As to H4 timeframe so it is statical level: i estimated it about 3 years ago and it is still working anf filtering.
It is now 1 year after the last thread
Are you still trading this system manually or ,in another way, do you still think it is profitable (manually and by EA)?
your answer (and any suggestions or comments) is very appreciated.
Yes. I am still thinking that it is profitable and I am still forward testing it with same settings. Profitable is H4 timeframe with the same settings. For the other timeframes - the settings should be changed for at least once in 6 months.
Hi, I was looking in to this ea and really like it, I was thinking of programming in the calculation of the Itrend value, so it will change it auto.. do you have any data on it Newdigital?
Regards
Halvard
Hi Newdigital, this system i backtesting great on 5min frame with ItrendLevel=0.0013, but i need time filter, the only bad trades are at night or after 1900.. Is it possible?
Halvard
Backtesting is not valid for this system.
Because iTrend (i_Trend) indicator is different from one broker to an other one.
Why you are backtesting?
Backtesting means NOTHING in most of the cases.
M5 timeframe is not good timeframe for this system.
Most good is H4.
And sometimes M15 may be good.
Brainwashing is famous manual trading system.
Hi, I was looking in to this ea and really like it, I was thinking of programming in the calculation of the Itrend value, so it will change it auto.. do you have any data on it Newdigital?
Regards
HalvardYes, it was the idea to create it (iTrend indicator's value is changed automatically based on last week/month balue).