Thread: Gartley System

You can find more informations about these indicators here.

Just drag the indicators on the chart, there are no special settings.

I have tested this system manually to have a better understanding of how to trade it and to get some ideas in order to optimize the current EA.

As I could only check the chart every two hours (the gartley indicator is heavy to load, it takes a certain time), the rules are a bit different from the original system. We enter when a Gartley signal is displayed in the 3-4 last bars with a price not too far comparing to the point D. This signal has to be confirmed by Momo Counts and/or BB MACD.

At the beginning you set a stop loss of 100 pips. Then you check the result every hour or 30 minutes, and finally you modify the stop loss of the different trades depending on the result :

if the result is over -40 pips and under -15 pips : set a stop loss of 35 pips
if the result is over -15 and under 50 pips : set a stop loss of 15 pips
if the result is over 50 pips and under 100 pips : set a stop loss of 25 pips
if the result is over 100 pips : set a stop loss of 50 pips

We work on M5, M15, M30, H1, H4, D1, on AU, EAU, ECH, EG, EY, EU, GCH, GY, GU, UCA, UCH, UY, NU, GAU, GCA, and GN.

The main goal is to catch big movements. We could scalp on the small TFs, but it would require more time. We also want to determine the best TFs and the best pairs.

Results of the first week (previous week).

Total net profit : 8.06%
RDD : 3.83%

Result per pair and per timeframe :

Results of the second week (current week).

Total net profit : -14.01%
RDD : 18.93%

New result per pair and per timeframe :

If we select the best pairs, we find that the most suitable timeframe is M15, we have then M5, M30, H1, D1 and H4.