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Simple Monday-Tuesday System (attached calculator)

  • #101
  • Jan 30, 2020 4:05pm Jan 30, 2020 4:05pm
Quoting Erebus
{quote} 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.
Didnt know that can be done. But it works for me as it is.

Check post #93 . I've back tested it my SL for past 6 months.
Anything above the line is an uptrend, below the line is a downtrend.
  • #102
  • Edited 4:33pm Jan 30, 2020 4:18pm | Edited 4:33pm
Quoting Sangui
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. {file}
TP are off, the entries are good. Unless the fibo tool and the EA are using a bit different calculation. You have 50% of the Mon, tue range as tp right? Check post #98 for my fibo settings.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2020-01-30 23_17_28-20232601_ ICMarkets-Demo02 - Demo Account - GBPAUDH4 visual.png Size: 32 KB
Click to Enlarge Name: 2020-01-30 23_18_17-20232601_ ICMarkets-Demo02 - Demo Account - GBPNZDH4 visual.png Size: 43 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #103
  • Jan 30, 2020 5:02pm Jan 30, 2020 5:02pm
Quoting Degolep
{quote} This are my fibo settings. So on one fibo drawing I have TP, SL for buy and sell. {image} And my settings for DailyLineBoxes if anyone is interested.{image}
++++++++++++++++++++++++

OK, looks like you're entering @ 15% above/below range. Got it.

Also looks like your TP is 50% above/below range, or 35% TP. Correct?

What I'm unclear on is the SL. You mention a ratio of 1:0.9. So your SL on a long would be 75%, or 40% SL? And SL on short would be 25%, Assuming you draw your fibo from the bottom of range.
Thanks
  • #104
  • Jan 30, 2020 7:16pm Jan 30, 2020 7:16pm
Quoting Degolep
{quote} TP are off, the entries are good. Unless the fibo tool and the EA are using a bit different calculation. You have 50% of the Mon, tue range as tp right? Check post #98 for my fibo settings. {image} {image}
The changes to TP were introduced by transmat to match OPs request, so I don't know really which one is right. OP will have to clarify.
Please read posts #61 and #64
  • #105
  • Jan 30, 2020 11:40pm Jan 30, 2020 11:40pm
Quoting Erebus
While we're throwing around the statistics, how about 90% for getting the direction correct? {image}
Hi EREBUS good to see you here many thanks for the past help and contributions im also enjoying your BREAKOUT strat in the other forum here on ff please is there anyway you can fashion that fibonacci of yours into an indicator to show entry stop loss and take profit for this strategy your style is kind of unique pls do help if you can and when yo are back on your lap top its a little bit similar to BOBOKUS FIBO but yours is somehow simple.Thanks
  • #106
  • Jan 31, 2020 1:05am Jan 31, 2020 1:05am
Quoting sheppy
What do you do if trade is still open at the close on Friday? Do you carry it over the weekend?
That simply cannot be answered yes or no, so many variables.

For me, if the trade is with the recent trend, and it is in profit or not far from entry, I would hold.

Here is a chart of AUDUSD showing that holding would work quite well into this week.

But as OP is following the GBP pairs, and lots of fundamentals recently for the pound, might not work so well.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200131-163623_MetaTrader 5.jpg Size: 505 KB
It takes a lot for me to IGNORE you, but you can try.
  • #107
  • Edited 2:31am Jan 31, 2020 1:06am | Edited 2:31am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++ OK, looks like you're entering @ 15% above/below range. Got it. Also looks like your TP is 50% above/below range, or 35% TP. Correct? What I'm unclear on is the SL. You mention a ratio of 1:0.9. So your SL on a long would be 75%, or 40% SL? And SL on short would be 25%, Assuming you draw your fibo from the bottom of range. Thanks
I hope this makes it clear.
Attached Image (click to enlarge)
Click to Enlarge Name: 2020-01-31 07_58_11-Window.png Size: 50 KB

So in this trade for Buy stop the TP is 62pips, SL is 71 pips. And for Sell stop the TP and SL are the same 62/71. So we have around 1:0.9 trade. I could actually make a tighter SL just to make it 1:1 because when I was backtesting there really wasn't a trade that was close call for the SL when it was a loss it went way beyond the SL.

I'm not saying this is perfect but the proposal was too big of a gap between the TP and SL it was around 1:3. So I've put in the numbers in the fibo and TBH I really don't know if its % or what does the fibo show so I can't tell you other than put in the values I gave and try it out. And also back testing a strategy is one thing real live trading is a whole another thing, when trade management comes in to play. I'm sure I would move the SL according to market situation and also move around TP or give it a trailing stop etc...
Anything above the line is an uptrend, below the line is a downtrend.
  • #108
  • Jan 31, 2020 3:43am Jan 31, 2020 3:43am
Quoting Sangui
{quote} The changes to TP were introduced by transmat to match OPs request, so I don't know really which one is right. OP will have to clarify. Please read posts #61 and #64
Newest version back test 6 months.
Attached Image(s) (click to enlarge)
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Anything above the line is an uptrend, below the line is a downtrend.
  • #109
  • Jan 31, 2020 3:44am Jan 31, 2020 3:44am
Quoting Erebus
While we're throwing around the statistics, how about 90% for getting the direction correct? {image}
Still going strong, nobody noticed that there are not actually 10 pairs? Statistics not accurate

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200131-194057_MetaTrader 4.jpg Size: 238 KB
It takes a lot for me to IGNORE you, but you can try.
  • #110
  • Jan 31, 2020 3:47am Jan 31, 2020 3:47am
Hi everyone,
thank you 4ecstasy to share this system. It's very interesting to follow; e thank to everyone that work for EA.
I have a question. In the picture there are the input values for the EA. I would to know if are right; i noticed that are the same of version 1.2 and 1.3.
Thank you and have a nice week end.

Leonardo
Attached Image (click to enlarge)
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  • #111
  • Jan 31, 2020 7:35am Jan 31, 2020 7:35am
GJ result of the EA from 2015-2019. The runtime is really long. Not sure if it is due to the coding style.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 145 KB

Cheers
  • #112
  • Jan 31, 2020 11:17am Jan 31, 2020 11:17am
Very nice results in the first week of trading this system.

GBPNZD +59 pips-- TP hit
GBPAUD +63 pips -- TP hit
GBPUSD +67 pips- TP hit
GBPCAD +88 pips--- TP hit
GBPJPY +2 pips - Closed manually
GBPCHF -24 pips - Closed manually
EURGBP -6pips - Closed manually

Total pip gained +249 for a week.
Attached Image(s) (click to enlarge)
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  • #113
  • Jan 31, 2020 11:25am Jan 31, 2020 11:25am
This week I traded the system manually using 4ecstasy's original settings and calculator.

Only traded GBP pairs, $171.00 profit. not bad at all.

Will try again next week,

Thanks 4ecstasy.
  • #114
  • Jan 31, 2020 12:12pm Jan 31, 2020 12:12pm
Glad everyone's had a great week!
I banked 347 pips.
Blessings all around!

Thanks to all who are submitting ideas; let's keep it up.
  • #115
  • Jan 31, 2020 3:17pm Jan 31, 2020 3:17pm
Update, I cut the JPY pairs, GBPNZD hit take profit at 2.04, will close all going into the close

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200201-071314_MetaTrader 4.jpg Size: 149 KB
It takes a lot for me to IGNORE you, but you can try.
  • #116
  • Jan 31, 2020 3:24pm Jan 31, 2020 3:24pm
Hottest thread right now, not even a mention of an INDICATOR, pure price action, congratulations to all that made pips, I'm sure that you all join me in giving 4ecstasy a huge THANKS for sharing this system

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200201-071906_Chrome.jpg Size: 394 KB
It takes a lot for me to IGNORE you, but you can try.
  • #117
  • Jan 31, 2020 4:03pm Jan 31, 2020 4:03pm
Posting for posterity, may not see a week like that for awhile...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200201-080123_Chrome.jpg Size: 328 KB
It takes a lot for me to IGNORE you, but you can try.
  • #118
  • Jan 31, 2020 4:33pm Jan 31, 2020 4:33pm
Traded this system manually this week. Took profit on GN for 67.2 pips! Gonna keep trading it.
  • #119
  • Jan 31, 2020 6:19pm Jan 31, 2020 6:19pm
Quoting jpfalls
Traded this system manually this week. Took profit on GN for 67.2 pips! Gonna keep trading it.
You could buy anywhere up to 2.03 and get a 100 pips..but

Well it's all right, riding around in the breeze
Well it's all right, if you live the life you please
Well it's all right, doing the best you can
Well it's all right, as long as you lend a hand

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #120
  • Jan 31, 2020 6:23pm Jan 31, 2020 6:23pm
Extracting Elusive Euro pips? Extraordinary

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It takes a lot for me to IGNORE you, but you can try.
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