{quote} Please where can I get ATR that has percentage for weekly and monthly TFs
https://www.mql5.com/en/market/mt4/indicator
It takes a lot for me to IGNORE you, but you can try.
Simple Monday-Tuesday System (attached calculator)
- #141
- Feb 2, 2020 9:16pm Feb 2, 2020 9:16pm
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
https://www.mql5.com/en/market/mt4/indicator
- #142
- Edited 5:42am Feb 3, 2020 2:57am | Edited 5:42am
- Joined Feb 2012 | Status: Trader | 1,994 Posts | Online Now
{quote} Did you search the store? https://www.mql5.com/en/market/mt4/indicator
- #143
- Feb 3, 2020 3:55am Feb 3, 2020 3:55am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
{quote} Hello again EREBUS and how was your night many thanks for the pointer you gave on the beauty of gbpchf.....i went back and read it and it even lead further to discover some other 5 volatile pairs .....audjpy,audusd,cadjpy,gbpaud,nzdjpy.....i have tested them out and -and they actually are.Pls is there any way you can help to make some lil modif to this indicator im not a maths fad but you are so i searched for something closer to FIBO
I'm on phone so can't use indicators, only tools in Metatrader
But what you can do plot the Fibonacci Tool on the chart, adjust the settings until they line up together
That's a pun, get it? Line up together
It takes a lot for me to IGNORE you, but you can try.
- #144
- Feb 3, 2020 5:51am Feb 3, 2020 5:51am
- Joined Feb 2012 | Status: Trader | 1,994 Posts | Online Now
{quote} More advice, remove that link to commercial website or you're banned by FF I'm on phone so can't use indicators, only tools in Metatrader But what you can do plot the Fibonacci Tool on the chart, adjust the settings until they line up together That's a pun, get it? Line up together
- #145
- Feb 3, 2020 8:56am Feb 3, 2020 8:56am
- Joined Sep 2010 | Status: Trader | 2,034 Posts
Forgive me for not using EA. I test everything manually, and get quite different results, probably because using different sets of TP & SL, as well as partial wins/losses, etc.
OK, just went through GbpAud for 2018.
Entry @ 15%
TP @ 55% (= to +40%)
SL @ -55% (= to -70%)
• 25 Wins (= to +1000%)
• 9 Losses (= to -630%)
• In Between loss & win totals (= to +138%)
• 11 No Trade Weeks
As is total would be 508% for the year. (Remember, this is equal to fibonacci % per trade, so you would need to figure your risk per trade for results in currency).
++++++++++++++++++++++++++
Now I'm going to suggest something contrary to what most would do.
PLEASE PM HATE MAIL DIRECTLY TO ME !
To this point this thread has missed being Trolled, and I'd like to keep it that way. If I get hate mail, that's cool, cuz I could care less.
Of the 9 losses only once did 2 consecutive losses occur. So, if trade size was doubled, after each loss, (Except after 2nd consecutive loss, [at this point I would have accepted the equivalent of 3 full stop losses{one full stop & double one stop}, and returned to normal risk]), the positive % would have been +908%, nearly double the other way.
OK, just went through GbpAud for 2018.
Entry @ 15%
TP @ 55% (= to +40%)
SL @ -55% (= to -70%)
• 25 Wins (= to +1000%)
• 9 Losses (= to -630%)
• In Between loss & win totals (= to +138%)
• 11 No Trade Weeks
As is total would be 508% for the year. (Remember, this is equal to fibonacci % per trade, so you would need to figure your risk per trade for results in currency).
++++++++++++++++++++++++++
Now I'm going to suggest something contrary to what most would do.
PLEASE PM HATE MAIL DIRECTLY TO ME !
To this point this thread has missed being Trolled, and I'd like to keep it that way. If I get hate mail, that's cool, cuz I could care less.
Of the 9 losses only once did 2 consecutive losses occur. So, if trade size was doubled, after each loss, (Except after 2nd consecutive loss, [at this point I would have accepted the equivalent of 3 full stop losses{one full stop & double one stop}, and returned to normal risk]), the positive % would have been +908%, nearly double the other way.
- #146
- Feb 3, 2020 8:57am Feb 3, 2020 8:57am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
{quote} Thanks is it okay as its now done? i mean taking out that link.?
It takes a lot for me to IGNORE you, but you can try.
- #147
- Feb 3, 2020 9:10am Feb 3, 2020 9:10am
- Joined Oct 2017 | Status: Trader | 1,000 Posts
Anything above the line is an uptrend, below the line is a downtrend.
- #148
- Feb 3, 2020 9:27am Feb 3, 2020 9:27am
- Joined Sep 2010 | Status: Trader | 2,034 Posts
{quote} You should test few years back, maybe like 2012 or something. Few members pointed it out already that it is working lately, probably because of the brexit talks.
100% Agree. I'm doing 2015 now. I'll pick some other pairs and do random years.
Also, it's starting to look as if original criteria proposed by 4XTC, may be best bet or using 80% for SL. I'll be checking both.
For GA 2018 I checked out 50% win with 25% loss, and it was not good. GA, in particular, likes to roam.
and now, back to the charts...
- #150
- Feb 3, 2020 3:37pm Feb 3, 2020 3:37pm
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
Tested GA for 2015, using 65% TP & 80 SL. • Wins 17 = 850% • Losses 15 = 1275 % Obvious losing year.
Obviously that would mean compounding if another signal in those following weeks.
It's always a dilemma between taking the profit at a preset target now as in swing trading, or is this the big trend we always want to be on. Look at that tosser GBP today!
For example, OIL consolidated a few weeks back, then a signal, look at it now.
It takes a lot for me to IGNORE you, but you can try.
Are we just going to sit here and ignore the first two days of each month?
Seriously, not to hijack my own thread, but notice how often the first two days of each month are a kind of 'turning point' of the month.
Often the first two days serve as a high or a low for the month, but definitely not always.
What about if those first two days are a MoTu? There are definitely some impressive runs.
Seriously, not to hijack my own thread, but notice how often the first two days of each month are a kind of 'turning point' of the month.
Often the first two days serve as a high or a low for the month, but definitely not always.
What about if those first two days are a MoTu? There are definitely some impressive runs.
- #154
- Feb 4, 2020 9:58am Feb 4, 2020 9:58am
- Joined Sep 2010 | Status: Trader | 2,034 Posts
Are we just going to sit here and ignore the first two days of each month?
I like the beginning of the week. I can almost always find between 1 & 6 pair that seem to be turning. Trading with the "Week" as focus, can get you out of the minutiae, head banging zone.
- #156
- Feb 5, 2020 12:19am Feb 5, 2020 12:19am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
Last week was consolidation for EURJPY, ending with a PIN bar, is it possible that reversal is in progress, can Monday and Tuesday catch the direction?
It takes a lot for me to IGNORE you, but you can try.
- #157
- Feb 5, 2020 3:30am Feb 5, 2020 3:30am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
To infinity and beyond
Nobody see anything?
Nobody see anything?
It takes a lot for me to IGNORE you, but you can try.
- #159
- Feb 5, 2020 4:06am Feb 5, 2020 4:06am
- Joined Jul 2011 | Status: Gold Again | 10,564 Posts
Sorry for question.... what's mean exactly "Find the highest high and lowest low of Monday and Tuesday"? Is this setup correct ? i mean highest high and lowest low are all on monday... Many very good setups this week for all Aud pairs Thanks Regards {image}
I don't see a problem
Check out more pairs until you get it
It takes a lot for me to IGNORE you, but you can try.
Sorry for question.... what's mean exactly "Find the highest high and lowest low of Monday and Tuesday"? Is this setup correct ? i mean highest high and lowest low are all on monday... Many very good setups this week for all Aud pairs Thanks Regards {image}
If they are both on the same candle it is OK, then that is your total range, so in your chart Monday is engulfing Tuesday candle
Put your FIB tool or range box on with your desired settings or you can use the OP's settings from Post 1, I am using them in my chart example except I am using TP at 165%
waiting on NZDUSD
NASDAQ and DOW flew out the gate
