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Simple Monday-Tuesday System (attached calculator)

  • #521
  • Feb 27, 2020 10:37pm Feb 27, 2020 10:37pm
Quoting Cosmo
I have been following this thread with interest, on Wednesday start of day I setup my trades based on Monday/Tuesday, Buy at High, Sell at low on 13 pairs, I calculated the ATR for each pair, the total for 13 pair was 850 pips, not wanting to be greedy I only took 400 pips as my target. I ran all 13 pairs as a basket deleting the opposite side as trades were opened, no stop loss was used, 400Pips was achieved on Thursday night Australian time when I took my profit.
This is nice.
You did this manually or your have a tool or software that does the ATR stuff.
More detailed information will be appreciated
  • #522
  • Edited 12:34am Feb 28, 2020 12:24am | Edited 12:34am
Update now, with this technic.
Winner = 11 : (EJ EG GJ Gchf UC Uchf AJ CJ AU EN)
Loss = 4 (NU AN AC GN)
On going = 3

Awesome result!
Thank you
  • #523
  • Feb 28, 2020 2:40am Feb 28, 2020 2:40am
Quoting ckerdmon
Update now, with this technic. Winner = 11 : (EJ EG GJ Gchf UC Uchf AJ CJ AU EN) Loss = 4 (NU AN AC GN) On going = 3 Awesome result! Thank you
Agreed, preliminary results are great, I have +23 units, and that’s strictly exiting at 2 to 1 Take Profit

Pretty good for not trading until Wednesday, done early Friday, never saw any drawdown to worry about

If you didn’t find a winner in that lot, what were you doing?



Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #524
  • Feb 28, 2020 2:40am Feb 28, 2020 2:40am
Quoting Sangui
{quote} Hi PaulDV, I apreciate your findings and suggestions. I also followed you on "Currency Grail Scalping System", you contributed a lot to that thread, I need to check again how that system is performing. About what you say here....it can be coded you know. I am working on something else at the moment but you are a coder yourself right? Feel free to modify my EA introducing this filter if you please.
Hiya buddy!

I won't derail this thread, so all I'll say about the CGS is "not great", haha.

Yeah, I'll be adding this to the EA as an option once I get the free time.
"Pips are vanity. Profit is sanity."
  • #525
  • Feb 28, 2020 2:48am Feb 28, 2020 2:48am
When is the last time you had a method that pointed the right direction for USDJPY and gave you 100 pips open profit currently?

ANYONE?



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  • #526
  • Feb 28, 2020 3:20am Feb 28, 2020 3:20am
no, not me
  • #527
  • Feb 28, 2020 3:52am Feb 28, 2020 3:52am
Quoting Erebus
When is the last time you had a method that pointed the right direction for USDJPY and gave you 100 pips open profit currently? ANYONE? {image}
Hi Erebus,

Check with you is there any reason why your entry is at low entry and not at the breakout?
  • #528
  • Feb 28, 2020 3:56am Feb 28, 2020 3:56am
Quoting Ezym
{quote} Hi Erebus, Check with you is there any reason why your entry is at low entry and not at the breakout?
I’m greedy!

My check the last 4 weeks told me that’s what works, not all the time, but enough for me

Check it yourself, good luck

It takes a lot for me to IGNORE you, but you can try.
  • #529
  • Feb 28, 2020 5:23am Feb 28, 2020 5:23am
Quoting PhillipmC
{quote} Thanks for this I'll try it out soon the fib tool was getting a painful to use.. how do U calculate your RR if U don't mind me asking ? PS if anyone else has a good RR tool they would like to share to calculate how many micro lots to use on anyone pair that would be helpful.. you guys that got the script to work everything went ok ?
Hi,
Tell me what you want and I will add it.
Programming isn't an issue. Its original thought that's always good.
  • #530
  • Feb 28, 2020 5:27am Feb 28, 2020 5:27am
Quoting Erebus
{quote} Okay, not 28 pairs, how many ever, no problem But to confirm the close over the line, the trader has to be on the screen for 24 hours a day watching for that? I didn’t ask you for the stop loss, I asked if you will watch for the close beyond the stop loss same as the entry It might be a spike also, and reverse, same as your entry theory Understand now?
I have a fully automated system running 24/5 (and a bit for Sunday) on all 28 pairs. Each screen has all the information for any pair and can be created to show individual activity. I could go further and add email alerts if required but I don't use those. I use my own form of 1hr breakout based on a tried and still proving method I learnt many years ago. Its not very often wrong. This Mon/Tues is good for trend filtering. As I am at home most of the time monitoring isn't difficult and once a trade is in place I can control the exits. Today +250 pips with a guaranteed +177 profit.
  • #531
  • Feb 28, 2020 5:30am Feb 28, 2020 5:30am
Quoting here2there
{quote} I'm not sure if you realize this, but this script of yours can be used as a reliable support and resistance indicator. What are these levels based on besides the Hi and Lo?
Hi, At present just Mon/Tues Hi/Lo as OP. Then a 15% break Hi/Lo which is easily modifies if you take a look at the code.
I'm happy to develop this to add other information if any one has sensible ideas.
  • #532
  • Feb 28, 2020 5:31am Feb 28, 2020 5:31am
Who has Telegram? I need to send a message but have no contacts

Or search for WTF_Traders

Thanks
It takes a lot for me to IGNORE you, but you can try.
  • #533
  • Feb 28, 2020 5:34am Feb 28, 2020 5:34am
Quoting Spikehunter
{quote} Hi, At present just Mon/Tues Hi/Lo as OP. Then a 15% break Hi/Lo which is easily modifies if you take a look at the code. I'm happy to develop this to add other information if any one has sensible ideas.
Would be great to get the script also for MT5...even better if pending orders could be placed with it.
  • #534
  • Feb 28, 2020 5:40am Feb 28, 2020 5:40am
Quoting Erebus
Who has Telegram? I need to send a message but have no contacts Or search for WTF_Traders Thanks
Tried searching for it didn't come up buddy
  • #535
  • Feb 28, 2020 5:41am Feb 28, 2020 5:41am
Quoting Spikehunter
{quote} Hi, Tell me what you want and I will add it. Programming isn't an issue. Its original thought that's always good.
How do U calculate the position size of your trades ? Tbh I haven't had a chance to try it out yet
  • #536
  • Feb 28, 2020 5:45am Feb 28, 2020 5:45am
Quoting PhillipmC
{quote} Tried searching for it didn't come up buddy
it’s a Channel, can’t make a Group without someone to send message

well, that’s what I’m seeing, thanks
It takes a lot for me to IGNORE you, but you can try.
  • #537
  • Feb 28, 2020 6:12am Feb 28, 2020 6:12am
Quoting Olarion1975
{quote} Would be great to get the script also for MT5...even better if pending orders could be placed with it.
Could do but not with MT5. Haven't learnt that one yet.
  • #538
  • Feb 28, 2020 6:14am Feb 28, 2020 6:14am
Quoting Erebus
GBPNZD, we’re done like a dinner here {image}
Wishing one day you will convert this amazing setting fibo stuff of yours to a real file its a useful stuff but limited to only those who knows how to use it.
  • #539
  • Feb 28, 2020 6:16am Feb 28, 2020 6:16am
Quoting PhillipmC
{quote} How do U calculate the position size of your trades ? Tbh I haven't had a chance to try it out yet
Hi, I think that's a standard question based on you risk appetite. I would normally look at 1% of my account as maximum exposure per trade but I also know my RR. To be honest I need to work a bit more on this as well. I am a bit random with my trades.
  • #540
  • Feb 28, 2020 6:49am Feb 28, 2020 6:49am
Quoting Erebus
Who has Telegram? I need to send a message but have no contacts Or search for WTF_Traders Thanks
I looked for you, but I didn't see anything under this name.
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