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Simple Monday-Tuesday System (attached calculator)

  • #401
  • Feb 25, 2020 5:32pm Feb 25, 2020 5:32pm
Quoting Ican2020
{quote} I have already placed my trades using the script. Try and right click the script and tap on execute on chart. That should solve the problem
Doesn't work.
Learn from your mistakes and march on.
  • #402
  • Feb 25, 2020 5:50pm Feb 25, 2020 5:50pm
Quoting here2there
{quote} Doesn't work.
First turn ON AutoTrading, than switch timeframe of charts to H1 and than use script on each chart. Script is working only at first hour of Wednesday.
"Anything can happen" - Mark Douglas.
  • #403
  • Feb 25, 2020 5:58pm Feb 25, 2020 5:58pm
Quoting Zhekabas
{quote} First turn ON AutoTrading, than switch timeframe of charts to H1 and than use script on each chart. Script is working only at first hour of Wednesday.
yes i did this as well not sure why mine didnt work had auto trading on and was using 1H candles tried draging it onto the chart also tried right clicking add to chart nothing seemed to work
  • #404
  • Feb 25, 2020 6:30pm Feb 25, 2020 6:30pm
good morning here you go guys
Attached Image
  • #405
  • Feb 25, 2020 6:36pm Feb 25, 2020 6:36pm
Quoting yieldplay
good morning here you go guys {image}
You have AUDNZD ATR20 at 108. I personally use ADR20, and I have AUDNZD at 49.5. Big difference.
  • #406
  • Feb 25, 2020 6:37pm Feb 25, 2020 6:37pm
Quoting PhillipmC
{quote} yes i did this as well not sure why mine didnt work had auto trading on and was using 1H candles tried draging it onto the chart also tried right clicking add to chart nothing seemed to work
I figured out what the problem was. My broker's Daily candle closes at a different time. It's working now.

Try it now and see if it works for you.
Learn from your mistakes and march on.
  • #407
  • Feb 25, 2020 6:48pm Feb 25, 2020 6:48pm
Quoting bojack34
{quote} You have AUDNZD ATR20 at 108. I personally use ADR20, and I have AUDNZD at 49.5. Big difference.
that's a great point, thanks for pointing out
  • #408
  • Feb 25, 2020 7:32pm Feb 25, 2020 7:32pm
Hello. I recently discovered this thread and I am going to try this strategy this week. However if I may ask, why the the R R is way out of balance, It is almost a 3 to 1 loss. Meaning if the trade is a loss, one will lose almost three times what one may have profited.

In the first post by the author of the thread he wrote about his entry:
For example, this week on GBPUSD.

  1. Tuesday formed the high; Monday the low
  2. I set a buy order at 1.31011.
  3. SL was 1.29495
  4. TP was 1.31617

In this case he could make about 60 pips but in the trade went against him he would lose about 152 pips.

This is a terrible risk reward.

Any opinions are appreciated.

  • #409
  • Feb 25, 2020 7:46pm Feb 25, 2020 7:46pm
Quoting pbw
Hello. I recently discovered this thread and I am going to try this strategy this week. However if I may ask, why the the R R is way out of balance, It is almost a 3 to 1 loss. Meaning if the trade is a loss, one will lose almost three times what one may have profited. In the first post by the author of the thread he wrote about his entry: For example, this week on GBPUSD. Tuesday formed the high; Monday the low I set a buy order at 1.31011. SL was 1.29495 TP was 1.31617 In this case he could make about 60 pips but in the trade went against him...
Most of us here love the strategy and most of us have adapted the Risk or Money Management to suit ourselves.

Have gone back and checked how the pairs worked for at least 1 week?

Have you read most of the thread?

I have posted numerous charts with 2 to 1 Risk Rewards

Good luck
MAY THE TREND BE WITH YOU
  • #410
  • Feb 25, 2020 7:53pm Feb 25, 2020 7:53pm
Quoting Ican2020
{quote} I have already placed my trades using the script. Try and right click the script and tap on execute on chart. That should solve the problem
the script places a pending order and its sl,no tp is set right?
  • #411
  • Feb 25, 2020 8:09pm Feb 25, 2020 8:09pm
Quoting pbw
Hello. I recently discovered this thread and I am going to try this strategy this week. However if I may ask, why the the R R is way out of balance, It is almost a 3 to 1 loss. Meaning if the trade is a loss, one will lose almost three times what one may have profited. In the first post by the author of the thread he wrote about his entry: For example, this week on GBPUSD. Tuesday formed the high; Monday the low I set a buy order at 1.31011. SL was 1.29495 TP was 1.31617 In this case he could make about 60 pips but in the trade went against him...
If you have any suggestions to make things better, then please share. Only complaining about how bad you think it is does nothing to help improve the strategy. We need solutions, not criticism.
Learn from your mistakes and march on.
  • #412
  • Feb 25, 2020 10:49pm Feb 25, 2020 10:49pm
Hi.what pair do u monitor this week sir?
Stay Hungry Stay Folish
  • #413
  • Feb 26, 2020 12:12am Feb 26, 2020 12:12am
Might see a couple pairs execute the orders on tonight's LO or NYO couple are getting close.

EDIT - EA GA just executed
  • #414
  • Feb 26, 2020 12:14am Feb 26, 2020 12:14am
Quoting here2there
{quote} I figured out what the problem was. My broker's Daily candle closes at a different time. It's working now. Try it now and see if it works for you.
What time is your broker using may i ask mine is using GTM +2
  • #415
  • Feb 26, 2020 12:23am Feb 26, 2020 12:23am
Quoting PhillipmC
{quote} What time is your broker using may i ask mine is using GTM +2
I believe it is the same.
Learn from your mistakes and march on.
  • #416
  • Feb 26, 2020 12:36am Feb 26, 2020 12:36am
Quoting here2there
{quote} I believe it is the same.
So yours started working at 10am instead of 8am ?
  • #417
  • Feb 26, 2020 12:39am Feb 26, 2020 12:39am
Quoting Erebus
{quote} what are you doing slumming in here?

I go where like-minded people are having fun and making real money ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #418
  • Feb 26, 2020 12:40am Feb 26, 2020 12:40am
are you using MoTu system v1.4 to place the pending orders? i am testing on live account on 5 pairs with 0.01 lots,thanks
  • #419
  • Feb 26, 2020 12:42am Feb 26, 2020 12:42am
Quoting PhillipmC
{quote} So yours started working at 10am instead of 8am ?
I was able to put it on my chart around 4PM. I live in the U.S.
Learn from your mistakes and march on.
  • #420
  • Feb 26, 2020 12:45am Feb 26, 2020 12:45am
Anyone looking at euraud??
Stay Hungry Stay Folish
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