Video Highlights:

  • New CandlePRO Detector (00:30 )
    • Finding signals
  • Control Points (01:15 )
  • Detailed Backtesting (02:19 )
    • Modifying Inputs
    • Move SL to Breakeven after X pips
    • Close on false break
    • Close before weekend
    • Show Trade Charts
    • False Trade option
  • Chart Sandbox (04:25 )
    • Performance Report
    • Equity Chart
    • Drawdown
    • Profit Factor
    • Modifying backtesting from chart sandbox
  • Optimize your strategy (07:35 )
    • Using the "show trade charts" option
    • Move SL to break even (14:04 )
    • "You don't want to over-optimize.. the markets just don't cooperate that cleanly" (21:25 )
    • Increasing TP
    • "There is no way I would choose this as my strategy... when you look at your [equity chart] you want to see it go from the bottom left to the top right." (24:50 )
  • Add trade and save as new strategy (26:42 )
  • New v5 CandlePRO Dashboard (27:43 )
    • Closed equity
    • Floating equity
    • Active strategies
    • Equity charts
    • Performance statistics
  • "My Trades" tab (29:34 )
    • Sorting, notes, details
  • My Strategies tab (30:59 )
    • Strategy details
    • Estimated frequency (signals generated per month)
    • Activating a strategy
  • Strategy Library (34:31 )
    • View other user's top strategies
    • Searching by pips, profit factor, frequency, etc.
    • Edit/add strategy from Library
  • Putting it all together
    • Creating a "false trade" strategy from Strategy Library (35:57 )
    • Saving and activating
    • Building a "portfolio" of successful strategies that fit your trading¬†schedule (37:55 )

A note and introduction from Mark:

"In this video I walk you through the new features of CandlePRO v5, as well give tips on optimizing strategies, finding strategies that suit your trading schedule and what I look for when I backtest.

If you have any interest in CandlePRO or candlestick trading I stronly encourage to watch the whole video. I know it is a bit long (~43 minutes) but if you are serious about trading, which I think you are or you wouldn't be here, then this video is a must watch.

If you have any questions at all feel free to ask them in the comments below I will be happy to help.

Happy pipping,

Mark Norris

PipHut Chief Strategist

P.S. In case you missed it, here is the v5 announcement post, as well as links to the new detector, new CandlePRO dashboard, and sample Strategy Sandbox."

Join the Discussion!

  1. srimarihitech
    July 14, 2014 at 13:52 Reply

    wanterd indicater ea

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