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Eleni Anna Branou  

A new update was made for Japanese Candlestick Patterns EA MT4, with improved default settings for EURUSD D1 strategy.

Here is the MT5 100% quality 2020-2021 backtest:



Eleni Anna Branou  

Japanese Candlestick Patterns EA ΜΤ4  comes with a default EURUSD D1 strategy, specially optimized for ECN Raw Spread ICMarkets accounts (New York based GMT+3 time zone servers).

Other brokers or account types may be used, but you may need to test Japanese Candlestick Patterns EA ΜΤ4  and make any necessary time adjustments to fit your broker/account.

You can find that server time in your MT4 Marketwatch window (MT4 >> View >> Marketwatch).

Below is a list of the adjustments that need to be made, according to you broker's server time.

WARNING: You must adjust Japanese Candlestick Patterns EA's MT4 Start Time and End Time settings accordingly, before you test or trade with it!


Server Time Start Time End Time
GMT-12
09:00 08:59
GMT-11
10:00 09:59
GMT-10
11:00 10:59
GMT-9
12:00 11:59
GMT-8
13:00 12:59
GMT-7
14:00 13:59
GMT-6
15:00 14:59
GMT-5
16:00 15:59
GMT-4
17:00 16:59
GMT-3
 18:00  17:59
GMT-2
 19:00   18:59 
GMT-1 20:00 19:59
GMT+0 21:00 20:59
GMT+1
22:00 21:59
GMT+2
23:00 22:59
GMT+3
00:00 23:59
GMT+4
01:00 00:59
GMT+5
02:00 01:59
GMT+6
03:00 02:59
GMT+7
04:00 03:59
GMT+8
05:00 04:59
GMT+9
06:00 05:59
GMT+10
07:00 06:59
GMT+11
08:00 07:59
GMT+12
09:00 08:59
Eleni Anna Branou  
Hello dear users, I've just updated the Japanese Candlestick Patterns EA MT4/5 and now the Trading Hours are in optimizable format.
Eleni Anna Branou  

Dear friends,

I have received some feedback that some of the set files I introduced 2 months ago, based on the 2021 Japanese Candlestick Patterns EA MT4 backtests, were not doing that great at the beginning of 2022.

I was also 'instructed' that a longer period of optimization, 2-3 years back instead of the 12 month optimization I am usually doing, would produce better and more adaptable to all kinds of market results.

In the previous 2 months, I've performed optimizations for a few symbols, based on a 3 year period (2019-2021) but I regret to say that the set files I produced were performing worse in 2022 than those that were based on 2021 alone.

So my idea that a closer to current market optimization would work better on the future market, is not that far from truth after all.

From now on all the optimizations I will perform will be based on the following sequence:

1. Two months after the 12 month period I want to optimize, I will perform new optimizations for all symbols, based on the prior to these 2 months period, for example I did new optimizations in February for the entire 2021.

2. I will test the best results that come out of that optimization, on the entire 12 month + 2 extra months period that has already passed, so in this example I backtested all optimized results on the entire 2021, plus Jan-Feb of 2022.

3. I am keeping only the results that perform well in these 2 extra months that follows the optimization period, so in our example I publish new set files only for the results and symbols that perform well at the beginning of 2022 too.

4. I will repeat this procedure 2 times every year, in February and in July, so you would expect new set files for the Japanese Candlestick Patterns EA MT4 in coming August and in March of 2023 next.

I wish you all health and prosperity!



Eleni Anna Branou  

Dear friends,

A new important update comes to the Japanese Candlestick Patterns EA MT4 that will improve significantly the responsiveness of the EA to the changes and volatility of the market.

The addition of Stop Loss, Take Profit, Break Even and Trailing Stop Loss levels in Percentage of Average Daily Range of a set number of Average Daily Range Candles.

Please update your Japanese Candlestick Patterns EA MT4 and load the new updated set files for 2023, that include the new SL/TP/BE ans trailing SL levels in Percentage of Average Daily Range.



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