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-   -   Simple Monday-Tuesday System (attached calculator) (https://www.forexfactory.com/showthread.php?t=976730)

Degolep Jan 30, 2020 6:51am | Post# 81

2 Attachment(s)
Could we use the Fibo tool this way?Attachment 3541711
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diamonddbw Jan 30, 2020 7:39am | Post# 82

3 Attachment(s)
GbpNzd hit target while I was getting my beauty sleep.

Both EurNzd & GbpAud took entry, and both are currently in profit.

Currently I chase price once at a certain level. Not the thread rules, but my preference.
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Name: EN Wk 5.png
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diamonddbw Jan 30, 2020 7:55am | Post# 83

1 Attachment(s)
GbpAud hit target. I love technical analysis. But in this case UK rate change vote was unanimous. I'll take it, thank you.
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Name: GA Wk 5 Win.png
Size: 44 KB

rrapolu Jan 30, 2020 10:40am | Post# 84

i cannot find the calculator, can you help with the link to download.

thanks Ram

diamonddbw Jan 30, 2020 11:53am | Post# 85

i cannot find the calculator, can you help with the link to download. thanks Ram
+++++++++++++++++++++++

Go to post 81 and set up you fibonacci indicator like shown.

4ecstasy Jan 30, 2020 11:58am | Post# 86

i cannot find the calculator, can you help with the link to download. thanks Ram
Are you looking for this? It's in the first post, under the chart snapshot.
https://www.forexfactory.com/attachm...2&d=1579883284

Slingshots1 Jan 30, 2020 12:00pm | Post# 87

GbpAud hit target. I love technical analysis. But in this case UK rate change vote was unanimous. I'll take it, thank you. {image}
Nice screen please can you share your template?

Degolep Jan 30, 2020 12:15pm | Post# 88

2 Attachment(s)
Nice testing guys. Degolep, if you want to use it for XAUUSD you will need to replace the 5s for 2s in the NormalizeDouble funtion calls: double buyPrice = NormalizeDouble(high + range * entryRangePercentage / 100, 2); double sellPrice = NormalizeDouble(low - range * entryRangePercentage / 100, 2); double buyTP = NormalizeDouble((buyPrice-high)+high + range * takeProfitPercentage / 100, 2); double sellTP = NormalizeDouble(low - range * takeProfitPercentage / 100-(low-sellPrice), 2); double buySL = NormalizeDouble(low - range * stopLossPercentage...
Todays Sell stop on GBPAUD, GBPNZD is not correct? Buy stop is ok but Sell stop is wrong. Click to Enlarge

Name: 2020-01-30 18_17_25-20232601_ ICMarkets-Demo02 - Demo Account - GBPAUDH4 visual.png
Size: 41 KBClick to Enlarge

Name: 2020-01-30 18_21_23-20232601_ ICMarkets-Demo02 - Demo Account - GBPNZDH4 visual.png
Size: 46 KBIgnore the SL I have my own idea about SL.

diamonddbw Jan 30, 2020 12:16pm | Post# 89

1 Attachment(s)
{quote} Nice screen please can you share your template?
++++++++++++++++++++++

Nothing special. I just gotta set it up so I can see good contrast.
_1_Monday Tues.tpl

4ecstasy Jan 30, 2020 12:18pm | Post# 90

I'm convinced that we need to take into account the recent trend. If it's too strong, it could go against us.
If the range of the last week or so is significantly greater than the ATR 14 period, I wouldn't open it. But this needs testing!
More of a formula: For long, if Bar 1 is greater than bar ...say ... bar 8 by 1.5 times ATR 14, then the trend is overextended and shouldn't be considered.

I opened GBP crosses
AUD and NZD TP'd at 94 pips and 85 pips respectively.
CAD is still open.
Others haven't opened yet.
I hope everyone got in!

diamonddbw Jan 30, 2020 12:32pm | Post# 91

I'm convinced that we need to take into account the recent trend. If it's too strong, it could go against us. If the range of the last week or so is significantly greater than the ATR 14 period, I wouldn't open it. But this needs testing! More of a formula: For long, if Bar 1 is greater than bar ...say ... bar 8 by 1.5 times ATR 14, then the trend is overextended and shouldn't be considered. I opened GBP crosses AUD and NZD TP'd at 94 pips and 85 pips respectively. CAD is still open. Others haven't opened yet. I hope everyone got in!
++++++++++++++++++++++

My testing rule is if Monday/Tuesday range exceeds two times the ADR, I will likely skip that weeks trade.

I did get those, although I traded very small (>1% risk). Also traded EurNzd (0.3% Risk), but got out early due to strong resistance in vicinity of 1.7000.

Early testing in EurNzd is sketchy, so may no longer use that pair. Also skeptical of GCad & GChf & GJpy, due to inconsistant movements. Will post more results later.

Degolep Jan 30, 2020 1:28pm | Post# 92

1 Attachment(s)
I'm convinced that we need to take into account the recent trend. If it's too strong, it could go against us. If the range of the last week or so is significantly greater than the ATR 14 period, I wouldn't open it. But this needs testing! More of a formula: For long, if Bar 1 is greater than bar ...say ... bar 8 by 1.5 times ATR 14, then the trend is overextended and shouldn't be considered. I opened GBP crosses AUD and NZD TP'd at 94 pips and 85 pips respectively. CAD is still open. Others haven't opened yet. I hope everyone got in!
What about GBPJPY?
Click to Enlarge

Name: 2020-01-30 19_28_24-20232601_ ICMarkets-Demo02 - Demo Account - GBPJPYM30.png
Size: 72 KB

Degolep Jan 30, 2020 1:47pm | Post# 93

This are results for using 0.25 and 0.75 on of the fibo for SL, so that makes it around 1:0.9 risk:reward trade.

January 2020
GBPAUD 3W 0L
GBPCAD 2W 0L (1 trade still running)
GBPCHF 1W 0L
GBPJPY 2W 1L
GBPNZD 2W 1L
GBPUSD 2W 0L 1BE(breakeven)

Total 12W 2L

December 2019
GBPAUD 3W 0L
GBPCAD 1W 2L 1BE
GBPCHF 2W 0L 1BE
GBPJPY 4W 0L 1BE
GBPNZD 2W 2L
GBPUSD 2W 1L 1BE

Total 14W 5L

November 2019
GBPAUD 1W 1L
GBPCAD 1W 3L 1BE
GBPCHF 2W 0L
GBPJPY 1W 2L
GBPNZD 0W 2L
GBPUSD 2W 1L

Total 7W 9L

October 2019

GBPAUD 1W 1L
GBPCAD 5W 0L
GBPCHF 1W 1L
GBPJPY 2W 2L
GBPNZD 3W 1L
GBPUSD 5W 0L

Total 17W 5L

September 2019
GBPAUD 3W 0L
GBPCAD 2W 2L
GBPCHF 3W 1L
GBPJPY 3W 1L
GBPNZD 3W 0L
GBPUSD 3W 1L

Total 17W 5L

August 2019
GBPAUD 2W 0L
GBPCAD 3W 0L
GBPCHF 2W 0L 1BE
GBPJPY 1W 0L
GBPNZD 2W 2L
GBPUSD 1W 2L

Total 11W 4L

Grand total for 6 months, manual backtesting.
78W 30L

jpfalls Jan 30, 2020 2:20pm | Post# 94

Anyone take the GBPNZD? {image}
YES! It was awesome!! This was my 1st attempt following the strategy. THANKS, OP.

mtbb Jan 30, 2020 2:22pm | Post# 95

Sangui... instead of using a static number for your NormalizeDouble()-- try using "Digits".. This way it will adapt to whatever currency your using..

diamonddbw Jan 30, 2020 2:33pm | Post# 96

This are results for using 0.25 and 0.75 on of the fibo for SL, so that makes it around 1:0.9 risk:reward trade. Will update for a few months back. January 2020 GBPAUD 3W 0L GBPCAD 2W 0L (1 trade still running) GBPCHF 1W 0L GBPJPY 2W 1L GBPNZD 2W 1L GBPUSD 2W 0L 1BE(breakeven) Total 12W 2L December 2019 GBPAUD 3W 0L GBPCAD 1W 2L 1BE GBPCHF 2W 0L 1BE GBPJPY 4W 0L 1BE GBPNZD 2W 2L GBPUSD 2W 1L 1BE Total 14W 5L
++++++++++++++++++++++++++++

You used both .25 & .75? Would you put up a chart to clarify please?

Erebus Jan 30, 2020 2:44pm | Post# 97

1 Attachment(s)
While we're throwing around the statistics, how about 90% for getting the direction correct?

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Degolep Jan 30, 2020 4:11pm | Post# 98

2 Attachment(s)
{quote} ++++++++++++++++++++++++++++ You used both .25 & .75? Would you put up a chart to clarify please?
This are my fibo settings. So on one fibo drawing I have TP, SL for buy and sell.
Click to Enlarge

Name: 2020-01-30 22_09_50-20232601_ ICMarkets-Demo02 - Demo Account - GBPAUDH1.png
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And my settings for DailyLineBoxes if anyone is interested.Click to Enlarge

Name: 2020-01-30 22_13_50-Custom Indicator - Daily LinesBoxes1.png
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Erebus Jan 30, 2020 4:20pm | Post# 99

{quote} And my settings for DailyLineBoxes if anyone is interested.{image}
Why not use just 1 instance of Daily Line Boxes to cover the Monday / Tuesday range?

And extend the lines until the end of the week.

Sangui Jan 30, 2020 4:21pm | Post# 100

1 Attachment(s)
Thanks mtbb, I'm learning everyday.

Thanks Degolep, yes the bug won't reproduce in backtesting but it will on forward on Thu and Fri since I introduced the change for those days.

Here is the fix, please test it.
MoTu_System_v1.3.1.mq4


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