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Simple Monday-Tuesday System (attached calculator)

  • #301
  • Edited 1:26am Feb 22, 2020 12:27am | Edited 1:26am
Quoting Erebus
This is my weekly visual review, using basic 1 unit risk, take profit at 2 units, resulting in a +27 units increase. Feel free to challenge any chart, I'm ready Let's go live next week, I've got the free time now, getting over my bear attack Hang on , file is too big? Working last week Had to make 2 files {image} {image}
Nice buddy I'll be joining U next week, are U going to go with 0.01 micro lots per pair ? Or a % on your trading capital ? Nice results btw

PS. how big does Monday Tuesday range have to be b4 null invoid and don't set orders ?
  • #302
  • Feb 22, 2020 2:44am Feb 22, 2020 2:44am
Quoting PhillipmC
{quote} Nice buddy I'll be joining U next week, are U going to go with 0.01 micro lots per pair ? Or a % on your trading capital ? Nice results btw PS. how big does Monday Tuesday range have to be b4 null invoid and don't set orders ?
I'll go with 1% per position on my new MT5 account that I opened because MT5 is so much better on a mobile phone, for demonstration purposes for this thread.

I transferred $1,000 from my main account as it was a live account, it's up $126 in 2 weeks, who can do the maths on that? Will post picture for total transparency, see the open date.

There might be a lot of open positions, but what's the worst that could happen? Lose 28% I guess

So, now that we're committed, probably be the most Schmitt, whipsawing and horrible ranging price action week ever.

As for maximum range, we can deal with that when it happens, on a case by case decision.

Cheers

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #303
  • Feb 22, 2020 2:48am Feb 22, 2020 2:48am
By the way, I checked, can't add a Trade Explorer using MT5 ☹

Also, I also added 15% Zone lines to the Take Profits levels, see picture.

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #304
  • Feb 22, 2020 2:56am Feb 22, 2020 2:56am
Quoting here2there
{quote} That is amazing! Congratulations! I tried putting your script on my chart but it didn't work. Does it only work on certain days or at certain times?
Yes, it's work only on wednesday. As I said early this script need to be execute in first hour of wednesday because it's calculate highest high and lowest low of 48 H1 bars back (48 H1 bars to the left of the current bar). I'm not good programmer, here are many better and may be they can write it more skillfully then me.

Quoting Azis1234
{quote} What was your final total for the week? I will be trying your script next week.
See screenshot. There are all orders include pending which not triggered.
Attached Image (click to enlarge)
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  • #305
  • Feb 22, 2020 2:56am Feb 22, 2020 2:56am
Quoting Erebus
By the way, I checked, can't add a Trade Explorer using MT5 ☹ Also, I also added 15% Zone lines to the Take Profits levels, see picture. {image}
Connect it to myfxbook.
Anything above the line is an uptrend, below the line is a downtrend.
  • #306
  • Feb 22, 2020 3:01am Feb 22, 2020 3:01am
[quote=PhillipmC;12768882]{quote} Nice buddy I'll be joining U next week, are U going to go with 0.01 micro lots per pair ? Or a % on your trading capital ? Nice results btw/quote]

Thanks buddy, and glad you can pitch in, the more the merrier as the saying goes

For anyone needing a Forex Calculator, just search the Play Store or Apple Store

Find one that suits you, all are free as far as I know but have ads.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200222-185530_Forex Calculators.jpg Size: 215 KB
It takes a lot for me to IGNORE you, but you can try.
  • #307
  • Feb 22, 2020 3:07am Feb 22, 2020 3:07am
Quoting Degolep
{quote} Connect it to myfxbook.
Thanks for the tip, see how this week goes, anyone following this thread so will be able to verify how each pair is doing in real time.

If there is a credibility issue, we can deal with those if they arise. No fake news here.

Cheers
It takes a lot for me to IGNORE you, but you can try.
  • #308
  • Feb 22, 2020 5:05am Feb 22, 2020 5:05am
Another example of the Zones mentioned few posts back.

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #309
  • Edited 5:50am Feb 22, 2020 5:32am | Edited 5:50am
Quoting Erebus
Another example of the Zones mentioned few posts back. {image}
I went back and re-read your post about the zones, but for some reason i'm still not understanding how your using those zones for entering? They appear to be beyond your TP levels. Are these "zones" re-entry levels? I just got home from working a long grave yard shift so if i'm asking a dumb ass question, I blame it on lack of sleep. Oh yea.......a Bear Attack!?!?!? Holy shit!

Edit: I was setting up my presets for me EA and I was going to set one up with your settings. Just so I'm looking at this correct. You are still using 25% for entry but it looks like you changed from 50% TP to 1:1? and then 2:1 for a 2nd target?
  • #310
  • Feb 22, 2020 6:58am Feb 22, 2020 6:58am
Quoting bojack34
{quote} I went back and re-read your post about the zones, but for some reason i'm still not understanding how your using those zones for entering? They appear to be beyond your TP levels. Are these "zones" re-entry levels? I just got home from working a long grave yard shift so if i'm asking a dumb ass question, I blame it on lack of sleep. Oh yea.......a Bear Attack!?!?!? Holy shit! Edit: I was setting up my presets for me EA and I was going to set one up with your settings. Just so I'm looking at this correct. You are still using...
That was me thinking up a silly story for this, now the picture loads...

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #311
  • Feb 22, 2020 7:25am Feb 22, 2020 7:25am
Quoting Erebus
{quote} That was me thinking up a silly story for this, now the picture loads... {image}
OMG! WOW! I hope you heal 100% prayers my friend.
  • #312
  • Feb 22, 2020 8:59am Feb 22, 2020 8:59am
Quoting 0xff
{quote} Yes, it's work only on wednesday. As I said early this script need to be execute in first hour of wednesday because it's calculate highest high and lowest low of 48 H1 bars back (48 H1 bars to the left of the current bar). I'm not good programmer, here are many better and may be they can write it more skillfully then me. {quote} See screenshot. There are all orders include pending which not triggered. {image}
When do you move your SL to break even? Also when do you take profit?
Thanks
  • #313
  • Feb 22, 2020 2:18pm Feb 22, 2020 2:18pm
Quoting bojack34
{quote} OMG! WOW! I hope you heal 100% prayers my friend.
Thank you kind sir, much appreciated

The zones I mentioned, just a buffer area to highlight where the Entry, and Take Profits levels are. Look at last example, how price stays at each level, plenty of time to make a decision.

For me, the trade doesn't have to be a rigid, mathematical problem to solve. The market is dynamic, price is always moving, sometimes you will get more, sometimes take what you can.

Happy Sunday
It takes a lot for me to IGNORE you, but you can try.
  • #314
  • Feb 22, 2020 2:24pm Feb 22, 2020 2:24pm
Quoting Erebus
{quote} Thank you kind sir, much appreciated The zones I mentioned, just a buffer area to highlight where the Entry, and Take Profits levels are. Look at last example, how price stays at each level, plenty of time to make a decision. For me, the trade doesn't have to be a rigid, mathematical problem to solve. The market is dynamic, price is always moving, sometimes you will get more, sometimes take what you can. Happy Sunday
yeah thats the part thats a little confusing to me, your zones are beyond the breakout trigger where we are supposed to enter. The zones are beyond the TP areas. Thats what is a little confusing to me. Thats why I thought they were zones to "re-enter" a trade. No worries.....i'll figure it out eventually as I continue to follow the thread and watch trades unfold.
  • #315
  • Feb 22, 2020 7:13pm Feb 22, 2020 7:13pm
thanks a lot for the system you share sirrr
i just follow all pair fx and almost everything was executed, only a few audnzd,eurchf,eurusd. i used RR 1:1
lets see what happen on the next week.
Attached Image(s) (click to enlarge)
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  • #316
  • Feb 22, 2020 8:56pm Feb 22, 2020 8:56pm
Quoting 0xff
{quote} This is my list of pairs that I trade. I just take pairs where spread lower then 25 pips (5 digits). {image}
Hi 0xff,
Please what broker do you use? I love the spreads they offer, mine are way bigger even EURUSD is 1.5-1.8pips spread.

Thanks
  • #317
  • Feb 23, 2020 12:15am Feb 23, 2020 12:15am
Quoting maf869
thanks a lot for the system you share sirrr i just follow all pair fx and almost everything was executed, only a few audnzd,eurchf,eurusd. i used RR 1:1 lets see what happen on the next week. {image} {image}
Nice and a few of them went above 1:1 so maybe it's worth leaving a little on the table to see what happens.. ? Looking forward to next week.. I'm sure as we go on the management of the trades will get allot more important.. a trailing SL might be in order
  • #318
  • Feb 23, 2020 2:16am Feb 23, 2020 2:16am
hello, every system will make minus once. remember that this week had more vola not only because of corona. but I find it simple and simple is mostly good
  • #319
  • Feb 23, 2020 4:45am Feb 23, 2020 4:45am
Quoting Azis1234
{quote} When do you move your SL to break even? Also when do you take profit? Thanks
I don't do this. Pending order in my way have only SL at 50% fibo. No BE, no TP.
At the moment, there are still very poor statistics on this system. Need at least a couple of months of statistics and then analyze how to set the BE and/or TP.

Quoting RapzyFX
{quote} Hi 0xff, Please what broker do you use? I love the spreads they offer, mine are way bigger even EURUSD is 1.5-1.8pips spread. Thanks
I'm not sure what I can write it here. You can see this in my profile in trade explorer section.
  • #320
  • Feb 23, 2020 5:01am Feb 23, 2020 5:01am
Quoting Erebus
{quote} That was me thinking up a silly story for this, now the picture loads... {image}
Get well soon!
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