Freedom787 wrote:Hello everyone.
Bored last week, I was running a few EA's and looking for opportunities. I ran 3-4 different EA's I had downloaded based on the Chandelier Indicator. For those of you not familiar with it, it more or less looks like a fancy SAR indicator. I found that several other people's EA's had good entries, but had a poor trade management system, so I figured it has some potential.
I took the indicator, combined it with Steve's old RSI trend indicator, and used some of Steve's breakeven and jumping stop loss code, and whalah.... we have a new EA with some decent results.
The EA made 20% in 6 months on a couple backtests. All the settings should be self explanatory. Running it on H1, EURUSD ootb ( out of the box )
Looking for ideas on how to make this more profitable. Adding the 240 min time between entries ( 4 hours) , RSI filter, and tight stop loss with a decent run for TP really changed the EA compared to what other people were doing.
Are you sure you have that the right way round.
Most people who test chandelier/SAR systems find it's the entries which are poor and they only add value as a form of sophisticated trailing stop to a more reliable entry.