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Simple Monday-Tuesday System (attached calculator)

  • #441
  • Feb 26, 2020 7:01am Feb 26, 2020 7:01am
Eurusd, usdchf floating
Stay Hungry Stay Folish
  • #442
  • Feb 26, 2020 7:26am Feb 26, 2020 7:26am
Quoting Erebus
{quote} A chart would be nice, do you trade that as CFD or future or ???
I trade CFD (XTIUSD) See chart below ...
Attached Image (click to enlarge)
Click to Enlarge Name: oiltrade.PNG Size: 32 KB
  • #443
  • Feb 26, 2020 8:13am Feb 26, 2020 8:13am
Quoting PaulDV
{quote} The strategy is very simple in its setup and execution, and the EA in this thread shows just how simple it can be. The value of an EA would most likely be in the trade management, where you could have lots of options such as break even, TP1/TP2, trailing stop, money management etc. I've just finished coding an EA with these features and I'm testing it at the moment, and will post it when I'm happy with it, and will gladly take on board any suggestions for improvements.
Yes, that is what an EA is best for, in my opinion.

Please be sure to make the EA editable and without time limit restrictions. If there are issues with it in the future, it can easily be fixed by anyone who knows enough about MT4 to fix it.

Thanks.
Learn from your mistakes and march on.
  • #444
  • Feb 26, 2020 8:27am Feb 26, 2020 8:27am
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}
Hello...is it possible to give us the settings for you fibo?
  • #445
  • Feb 26, 2020 8:59am Feb 26, 2020 8:59am
Quoting here2there
So I have an idea for an EA. Tell me what you think about these rules. The idea is to keep it simple. EA for Previous 2 Days Settings: 1. Trigger Lines: EA will automatically draw lines on chart at the high and the low of the previous two days. One line for a Buy order and one line for Sell order. Note: This will only work once. 2. Market Orders: When a candle hits either one of the Trigger Lines, a market order will be placed and the remaining inactive Trigger Line will be automatically deleted 3. Pips Above/Below: User may input a pip amount to...
There are people in here, who will make EA´s fore free. Here is some links:
https://www.forexfactory.com/showthread.php?t=350420
https://www.forexfactory.com/showthr...6758&page=1377
https://www.forexfactory.com/showthread.php?t=761729

Best Regards
Kim
  • #446
  • Feb 26, 2020 9:53am Feb 26, 2020 9:53am
Hello everyone,
I see that some people find it difficult to place orders on certain levels while from page 3 there is an EA that Sangui has developed which does the job, so I am handing over the latest version with a setting to slide in "Presets" and "test" (for backtests). The RR is modifiable 2: 1 just like all the parameters.
make good use of it and have fun ... ;-)
Attached File(s)
File Type: mq4 MoTu_System_v1.4.mq4   7 KB | 398 downloads
  • #447
  • Feb 26, 2020 10:01am Feb 26, 2020 10:01am
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Click to Enlarge Name: Capture.JPG Size: 53 KB
  • #448
  • Feb 26, 2020 10:06am Feb 26, 2020 10:06am
Sorry, I couldn't transfer the .set file so just display these settings in the EA to get a 2: 1 RR
(don't forget the sign - in front of the stop value)
4 p.m. London time
  • #449
  • Feb 26, 2020 10:09am Feb 26, 2020 10:09am
Quoting transmat
Hello everyone, I see that some people find it difficult to place orders on certain levels while from page 3 there is an EA that Sangui has developed which does the job, so I am handing over the latest version with a setting to slide in "Presets" and "test" (for backtests). The RR is modifiable 2: 1 just like all the parameters. make good use of it and have fun ... ;-) {file}

Thank you Transmat. IS this an actual EA or a script? Does this work anytime or only on opening hour of Wednesday?
My broker daily candle opens at 17:00 EST (NY time). Does that matter? If it does, where do I change it so that it matches my broer if neede.

Thank you kindly for your time and efforts
  • #450
  • Feb 26, 2020 10:15am Feb 26, 2020 10:15am
Of course it is a real EA.
Test the backtest over the last few weeks to find out
  • #451
  • Feb 26, 2020 10:18am Feb 26, 2020 10:18am
Quoting transmat
{image}
This is helpful but it needs more settings to better manage trades.

See this post.
Learn from your mistakes and march on.
  • #452
  • Feb 26, 2020 12:11pm Feb 26, 2020 12:11pm
Quoting kimmoe58sma
{quote} Hello...is it possible to give us the settings for you fibo?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-27 at 4.06.41 am.png Size: 94 KB


how’s that?
It takes a lot for me to IGNORE you, but you can try.
  • #453
  • Feb 26, 2020 12:16pm Feb 26, 2020 12:16pm
Quoting Erebus
{quote} {image} how’s that?
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  • #454
  • Feb 26, 2020 12:19pm Feb 26, 2020 12:19pm
February 26, 2020

Today in forex trading the AUD was mostly weak. The EUR/AUD moved higher on the H4 time frame. The AUD/USD is dropping into the long term downtrend, this pair has much more potential to drop.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-27 at 4.15.05 am.png Size: 240 KB
It takes a lot for me to IGNORE you, but you can try.
  • #455
  • Feb 26, 2020 12:40pm Feb 26, 2020 12:40pm
Is the YEN about to strengthen again? Are you ready?

This looks familiar, Monday and Tuesday, high to low, Wednesday check the 50%

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-27 at 4.34.15 am.png Size: 232 KB
It takes a lot for me to IGNORE you, but you can try.
  • #456
  • Feb 26, 2020 1:12pm Feb 26, 2020 1:12pm
Quoting bojack34
{quote}
Getting on to solid food soon



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-27 at 5.10.06 am.png Size: 1,001 KB
It takes a lot for me to IGNORE you, but you can try.
  • #457
  • Feb 26, 2020 1:13pm Feb 26, 2020 1:13pm
Quoting Erebus
February 26, 2020 Today in forex trading the AUD was mostly weak. The EUR/AUD moved higher on the H4 time frame. The AUD/USD is dropping into the long term downtrend, this pair has much more potential to drop. {image}
This is exactly why it would be good to have an EA with settings to either only go long or only go short on this strategy. Just throwing up a script does not suffice, because other things have to be considered, such as currency strength, for example.

One could potentially produce far more winners than losers by looking at the broader picture before placing a trade using this strategy.
Learn from your mistakes and march on.
  • #458
  • Feb 26, 2020 1:30pm Feb 26, 2020 1:30pm
Quoting Erebus
{quote} {image} how’s that?
Very nice...thank you :-)
  • #459
  • Feb 26, 2020 2:01pm Feb 26, 2020 2:01pm
Hello Erebus and thank you fore the Fibo numbers.
Just one question, is the breakout level the point where we put our buy or sell stop order like in the picture?

Attached Image (click to enlarge)
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  • #460
  • Feb 26, 2020 2:15pm Feb 26, 2020 2:15pm
Quoting kimmoe58sma
Hello Erebus and thank you fore the Fibo numbers. Just one question, is the breakout level the point where we put our buy or sell stop order like in the picture? {image}
What’s this “we” ? It’s up to YOU

Each trader must take responsibility for their trading decisions.

You can backtest or not, see what YOU think is the best entry

Another especially important part is Risk Management

Once the entry is decided, where will YOU place the Stop Loss

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