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Simple Monday-Tuesday System (attached calculator)

  • #481
  • Feb 27, 2020 4:24am Feb 27, 2020 4:24am
Just an observation that may help others...

I've noticed that most of the trades that I currently have running negative (including the full loss on GBPNZD) were false breakouts.

Had I not entered exactly on the entry line (+15% of the range for me), but instead went to a lower timeframe for the entry (say M15) and then only entered when the price broke and CLOSED above the trigger line, I would not have opened any of the negative trades.
"Pips are vanity. Profit is sanity."
  • #482
  • Feb 27, 2020 5:25am Feb 27, 2020 5:25am
Quoting PaulDV
Just an observation that may help others... I've noticed that most of the trades that I currently have running negative (including the full loss on GBPNZD) were false breakouts. Had I not entered exactly on the entry line (+15% of the range for me), but instead went to a lower timeframe for the entry (say M15) and then only entered when the price broke and CLOSED above the trigger line, I would not have opened any of the negative trades.
Show what you are saying on a chart and post it here so that we can all see what you meant.

Thank you.
Do not run to meet the price, let price run to meet you.
  • #483
  • Feb 27, 2020 5:35am Feb 27, 2020 5:35am
Quoting PaulDV
Just an observation that may help others... I've noticed that most of the trades that I currently have running negative (including the full loss on GBPNZD) were false breakouts. Had I not entered exactly on the entry line (+15% of the range for me), but instead went to a lower timeframe for the entry (say M15) and then only entered when the price broke and CLOSED above the trigger line, I would not have opened any of the negative trades.
Excellent point!
Learn from your mistakes and march on.
  • #484
  • Feb 27, 2020 5:43am Feb 27, 2020 5:43am
Quoting PaulDV
Just an observation that may help others... I've noticed that most of the trades that I currently have running negative (including the full loss on GBPNZD) were false breakouts. Had I not entered exactly on the entry line (+15% of the range for me), but instead went to a lower timeframe for the entry (say M15) and then only entered when the price broke and CLOSED above the trigger line, I would not have opened any of the negative trades.
How many trades are you running negative? It is enough to make statistical judgement?

I don’t use any candle close or any timeframe to filter my entries.

Thanks
It takes a lot for me to IGNORE you, but you can try.
  • #485
  • Feb 27, 2020 6:04am Feb 27, 2020 6:04am
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 58 KB
  • #486
  • Feb 27, 2020 6:24am Feb 27, 2020 6:24am
Quoting ingo3344
{image}
Are you using the script that has been provided on here? Or do you have your own way of calculating entries?
Learn from your mistakes and march on.
  • #487
  • Feb 27, 2020 6:25am Feb 27, 2020 6:25am
Quoting Erebus
{quote} How many trades are you running negative? It is enough to make statistical judgement? I don’t use any candle close or any timeframe to filter my entries. Thanks
Are you using the script that was shared on here? Or are you placing your trades manually?
Learn from your mistakes and march on.
  • #488
  • Feb 27, 2020 6:33am Feb 27, 2020 6:33am
Quoting here2there
{quote} Are you using the script that was shared on here? Or are you placing your trades manually?
Only manual, as I have said repeatedly, I am only trading using a phone, therefore, no indicators, no scripts, no EA’s

But sharp eyes may have spotted the long awaited iPad has arrived from China (3 weeks instead of the promised 1 week)

Here are current open trades, CADCHF hit 2:1, good night, hospital tomorrow for stitches out, need sleep



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-27 at 10.28.39 pm.png Size: 311 KB
It takes a lot for me to IGNORE you, but you can try.
  • #489
  • Feb 27, 2020 6:47am Feb 27, 2020 6:47am
Quoting Erebus
{quote} How many trades are you running negative? It is enough to make statistical judgement? I don’t use any candle close or any timeframe to filter my entries. Thanks
Things have moved since my post, but currently...

22 Trades opened

3 Losses @ 1%

GBPNZD - false breakout

GBPAUD - solid entry

NZDUSD - solid entry

1 win @ 2%
1 win @ 3%
1 win @ 1%
1 win @ 0.5%

15 trades still running

11 positive at the moment:

GBPCHF - 2%, SL @ 1%

EURGBP - 1.75%, SL @ 1%

EURCAD - 1.5%, SL @ 0.5%

CADCHF - 1.5%, SL @ 0.5%

GBPJPY - 0.5%, SL @ -0.3%

EURUSD - 1%, SL @ breakeven

EURNZD - 1%, SL @ breakeven

USDCHF - 1%, SL @ breakeven

USDCAD - 0.75%, SL @ breakeven

CADJPY - 0.2%, SL @ -1%

AUDJPY - at entry, SL @ -1%


4 negative at the moment

AUDNZD - solid entry

NZDJPY - solid entry

GBPUSD - false breakout

EURCHF - false breakout

"Pips are vanity. Profit is sanity."
  • #490
  • Feb 27, 2020 6:48am Feb 27, 2020 6:48am
Quoting Erebus
{quote} Only manual, as I have said repeatedly, I am only trading using a phone, therefore, no indicators, no scripts, no EA’s But sharp eyes may have spotted the long awaited iPad has arrived from China (3 weeks instead of the promised 1 week) Here are current open trades, CADCHF hit 2:1, good night, hospital tomorrow for stitches out, need sleep {image}
Get well soon. We will need to get our filter right before we put the system on autopilot.

See you soon.
Do not run to meet the price, let price run to meet you.
  • #491
  • Feb 27, 2020 6:54am Feb 27, 2020 6:54am
It all happened with the script, but I'm not in it at midnight
  • #492
  • Feb 27, 2020 7:05am Feb 27, 2020 7:05am
Quoting Zakattack
Is anyone trading oil/usd? I am in short looking for 200 points on this baby
Got my 200 points on xti/usd short position
  • #493
  • Feb 27, 2020 7:10am Feb 27, 2020 7:10am
Quoting Erebus
{quote} Only manual, as I have said repeatedly, I am only trading using a phone, therefore, no indicators, no scripts, no EA’s But sharp eyes may have spotted the long awaited iPad has arrived from China (3 weeks instead of the promised 1 week) Here are current open trades, CADCHF hit 2:1, good night, hospital tomorrow for stitches out, need sleep {image}
I must be doing something wrong. Perhaps it's the script or my timing of using it.

I hope you are feeling better.
Learn from your mistakes and march on.
  • #494
  • Feb 27, 2020 7:57am Feb 27, 2020 7:57am
Quoting PaulDV
{quote} Things have moved since my post, but currently... 22 Trades opened 3 Losses @ 1% GBPNZD - false breakout GBPAUD - solid entry NZDUSD - solid entry 1 win @ 2% 1 win @ 3% 1 win @ 1% 1 win @ 0.5% 15 trades still running 11 positive at the moment: GBPCHF - 2%, SL @ 1% EURGBP - 1.75%, SL @ 1% EURCAD - 1.5%, SL @ 0.5% CADCHF - 1.5%, SL @ 0.5% GBPJPY - 0.5%, SL @ -0.3% EURUSD - 1%, SL @ breakeven EURNZD - 1%, SL @ breakeven USDCHF - 1%, SL @ breakeven USDCAD - 0.75%, SL @ breakeven CADJPY - 0.2%, SL @ -1% AUDJPY - at entry, SL @ -1% 4 negative...
These are mine today.
Attached Image (click to enlarge)
Click to Enlarge Name: TD.PNG Size: 17 KB

Running trades:
EURCHF negative
NZDCHF positive
GBPAUD negative
GBPNZD negative
NZDUSD negative

Thank you.
Do not run to meet the price, let price run to meet you.
  • #495
  • Feb 27, 2020 8:07am Feb 27, 2020 8:07am
Quoting Erebus
{quote} Only manual, as I have said repeatedly, I am only trading using a phone, therefore, no indicators, no scripts, no EA’s But sharp eyes may have spotted the long awaited iPad has arrived from China (3 weeks instead of the promised 1 week) Here are current open trades, CADCHF hit 2:1, good night, hospital tomorrow for stitches out, need sleep {image}
Take it easy and rest up.
every Saint has a past. Every Sinner has a Future
  • #496
  • Feb 27, 2020 8:47am Feb 27, 2020 8:47am
to be honest this System looks like

https://www.forexfactory.com/showthr...0#post12779080

but in short time
i follow both but results are so nice on GBP pairs specially GBPUSD
ENJOY YOUR TRADE
  • #497
  • Feb 27, 2020 11:15am Feb 27, 2020 11:15am
I went out completely with 30 Eur, you should be satisfied with what you have
  • #498
  • Feb 27, 2020 1:02pm Feb 27, 2020 1:02pm
Quoting Erebus
Just having a play with this pair, JPY strong, CHF little weak Beware all the GBP news {image} {image} PS = using 20% of the range at both High and Low
Hi,
Just put this together as an aid. Its a script which shows the Hi Lo and some other levels. Not sure what everyone is using but easily modified. I did start of usin FIBO but the control of the length of lines is limited.

Attached File(s)
File Type: mq4 MonandTues System script.mq4   4 KB | 295 downloads
  • #499
  • Feb 27, 2020 1:04pm Feb 27, 2020 1:04pm
How do I load a screenshot
  • #500
  • Feb 27, 2020 1:05pm Feb 27, 2020 1:05pm
Quoting Ojogbolabi
{quote} Show what you are saying on a chart and post it here so that we can all see what you meant. Thank you.
This is GBPNZD on H1...as you can see, it triggered a buy stop order when the price pierced the entry point...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB


If you go down to the M15 timeframe, you can see that the price never closed above the line. In this instance, if I'd waited for the price to close before entering, I would never have entered the trade, saving myself a full loss:
Attached Image
"Pips are vanity. Profit is sanity."
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