Introduce

PBC7 is configured on FXCE Giga by member ngocsang188 (Telegram: @NTNS96) of community FXCE - EA.

PBC7 is a CHFJPY currency pair reversal trading system based on the PeBo and C7CB indicators. The PeBo indicator provides BUY/SELL signals to catch Peaks/Bottoms, enhanced in accuracy by C7CB.

• Refer to the PeBo indicator here.

• Refer to model C7CB here.

PBC7 has started Foward Test, you can follow the trading results on FXCE Social Trading Platform here.

PBC7 trading method

Strategy

Buying Conditions

• The bullish C7CB pattern appeared on the third candle.

• The bullish Pebo pattern appears on the first candle.

• First candle is not equal to the second candle.

• The ratio of the candle body to the length of the second candle must not be 100%.

• The ratio of the candle body to the fourth candle is less than 70%.

• The ratio of the candle body to the fifth candle is less than 90%.

Sell Conditions

• The bearish C7CB pattern appeared on candle number 3.

• The bearish Pebo pattern appears on candle number 1.

• First Candle is not equal to the second candle.

• The ratio of the candle body to the length of the second candle must not be 100%.

• The ratio of the candle body to the fourth candle is less than 70%.

• The ratio of the candle body to the fifth candle is less than 90%.

Risk management

First command

• Fixed volume: 0.03 lots
  
  

• Take Profit: 100 points
  
  

Grid Strategy

• The EA executes a maximum of 7 orders according to the Grid CIS algorithm when the price goes against the PeBo indicator signal.

• Minimum Step Size 168 points per order

• The fixed volume of the Grid command sequence is 0.03; 0.06; 0.12; 0.21; 0.39; 0.66 lots

• Take Profit for fixed order series 60; 120; 180 points.
  
  

Backtest results

EA backtested under the following conditions:

• Time Frame: M5

• Backtest time: 01/01/2021 - 10/02/2023

• Symbol: CHFJPY

• Balance: $10.000
  
  

Set up Backtest

Backtest results of PBC7

We will evaluate the backtest results based on 4 criteria:

• Drawdown recovery period = EDD * Backtest’s months / Total Net Profit

• History Quality ≥ 99%

• Profit Factor ≥ 1,5

• Equity Drawdown ≤ 15%
  
  

See more about Backtest evaluation instructions: https://ea.fxce.com/post/huong-dan-danh-gia-ket-qua-backtest_636a2d4e56a5ec0001ade8e3 

Configuration instructions on FXCE Giga

You can follow these steps to configure and customize the EA as desired.

Set up the Entry tab

Buy order

Sell ​​order

Set up the Volume tab

Set up the Settings tab

Set up Action tab - Grid CIS

Terms of use

• Use on the MT5 FXCE platform

• This Indicator/EA is provided for free.

• All trading and exchange activities in any form are not allowed.

• FXCE, as well as ngocsang188, is not responsible If money is lost during use.

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Download the EA config here.

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How to use EA configuration files

• Detailed instructions on how to use EA from EA Giga library can be found here.

• Copy the “.config” file into the folder where the FXCE Giga config file is saved.

• To access the folder where the config file is saved, go to FXCE Giga and select the File > Open Data Folder menu.