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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.
PBC7 has started Foward Test, you can follow the trading results on FXCE Social Trading Platform here.
PBC7 trading method
Strategy
Buying Conditions
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The bullish C7CB pattern appeared on the third candle.
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The bullish Pebo pattern appears on the first candle.
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First candle is not equal to the second candle.
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The ratio of the candle body to the length of the second candle must not be 100%.
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The ratio of the candle body to the fourth candle is less than 70%.
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The ratio of the candle body to the fifth candle is less than 90%.
Sell Conditions
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The bearish C7CB pattern appeared on candle number 3.
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The bearish Pebo pattern appears on candle number 1.
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First Candle is not equal to the second candle.
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The ratio of the candle body to the length of the second candle must not be 100%.
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The ratio of the candle body to the fourth candle is less than 70%.
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The ratio of the candle body to the fifth candle is less than 90%.
Risk management
First command
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Fixed volume: 0.03 lots
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Take Profit: 100 points
Grid Strategy
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The EA executes a maximum of 7 orders according to the Grid CIS algorithm when the price goes against the PeBo indicator signal.
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Minimum Step Size 168 points per order
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The fixed volume of the Grid command sequence is 0.03; 0.06; 0.12; 0.21; 0.39; 0.66 lots
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Take Profit for fixed order series 60; 120; 180 points.
Backtest results
EA backtested under the following conditions:
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Time Frame: M5
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Backtest time: 01/01/2021 - 10/02/2023
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Symbol: CHFJPY
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Balance: $10.000
Set up Backtest
Backtest results of PBC7
We will evaluate the backtest results based on 4 criteria:
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Drawdown recovery period = EDD * Backtest’s months / Total Net Profit
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History Quality ≥ 99%
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Profit Factor ≥ 1,5
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Equity Drawdown ≤ 15%
Drawdown recovery period |
Compare |
Number of months |
Criteria |
4.75 |
< |
6 |
Good |
History Quality |
Compare |
Required level |
Criteria |
100% |
> |
99% |
Meet |
Profit Factor |
Compare |
Request |
Criteria |
5.08 |
> |
1.5 |
Meet |
Equity Drawdown |
Compare |
15% |
Criteria |
5.73% |
< |
15% |
Meet |
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
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Use on the MT5 FXCE platform
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This Indicator/EA is provided for free.
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All trading and exchange activities in any form are not allowed.
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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
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Detailed instructions on how to use EA from EA Giga library can be found here.
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Copy the “.config” file into the folder where the FXCE Giga config file is saved.
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To access the folder where the config file is saved, go to FXCE Giga and select the File > Open Data Folder menu.
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