Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

Simple Lot Size Calculator using Excel (Only 3 Inputs!) 7 replies

Excel simple risk calculator needed 10 replies

what if every free system is attached to a trading explorer? 28 replies

If it's such a great system, why isn't there a Trade Explorer attached? 261 replies

Simple Fx Calculator 1 reply

Attachments: Simple Monday-Tuesday System (attached calculator)
Exit Attachments

Simple Monday-Tuesday System (attached calculator)

Quoting Spikehunter
{quote} 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...
I think the EA should be able to scan ALL the pairs without having to load it on each chart. It should have to option to trade either Buys Only or Sells Only or Both directions. It should obviously have % Risk option per pair. A bonus would be if you would code the EA to check each pairs Average Weekly Range before entering. The input should be adjustable...we should be able to set a % that the pair has not exceeded to be able to still enter trades. Trail Stops and Break Even. There needs to be inputs that allows the user to adjust where we ENTER/EXIT/TP. The SL should be able to be adjust from either inside the range (ie 50% of range for SL) or outside the range (ie 100% of range +10%).
Quoting Spikehunter
{quote} ...I'm happy to develop this to add other information if any one has sensible ideas.
Have you seen this? https://www.forexfactory.com/showthr...6#post12775666
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...
This will not work because each pair has a different Daily Range and 25 pips for one pair will be way too many for another pair. This feature needs to be a % of the Range used.
Quoting bojack34
{quote} This will not work because each pair has a different Daily Range and 25 pips for one pair will be way too many for another pair. This feature needs to be a % of the Range used.
That's why I included the feature for a magic number. When you change the magic number, it won't matter. You can simply adjust the pips to your choosing per currency pair.

Did you notice I was only using 25 pips as an example?
Quoting here2there
{quote} Have you seen this? https://www.forexfactory.com/showthr...6#post12775666
Yes thank you. I am also looking to build a script to analyse past results as I don't like the Mt4 tester.
Hoping to get some done over the weekend as the weather isn't going to be too good.
I have one question.
If I still have some orders, should I close them all or pending them before market closed?

My ongoing orders are GU and chfjpy and they're still on profit!

Thanks
Just closed all orders.
Awesome week. 2100+ pips
Have a nice weekend and see you next wednesday
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 156 KB
Monday-Tuesday System All Time Pips: 2,296
Quoting 0xff
Just closed all orders. Awesome week. 2100+ pips Have a nice weekend and see you next wednesday {image}
2100 pips! How are you doing this?

Please, share your strategy with us. Not all of us are getting those kinds of gains.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 3.6 MB
Attached File
File Type: mq4 MonandTues System script.mq4   6 KB | 62 downloads


Hi All,
I have been working on the script to output a file that can be opened in an Excel spreadsheet, or compatible, that gives the values of Hi,Lo,Hibreak etc. It also calculates profitability if the price has closed outside Hi or Lo. This is version 1.0, dinner is nearly ready, so I though I would post it to see if anyone is interested in adding some thoughts. It will run on any pair although I have only tried EURUSD at the moment. Cant see why there should be any issues with others.
Next version I hope to have SL TP etc.
I will also produce one that creates orders.
Its looking very good so far and 0xff has some outstanding results this week.
Quoting here2there
{quote} 2100 pips! How are you doing this? Please, share your strategy with us. Not all of us are getting those kinds of gains.
In the words of the once famous John McEnroe, “You cannot be serious! YOU CANNOT BE SERIOUS ! !”

I don’t think we need to explain the theory once again, you need to read the thread again, take notes, look at the charts, post a few charts showing where you don’t understand, draw the high and low on every chart, in other words, STUDY.

No one can do this for you, put in some effort. It’s 6 am in Australia, the USDJPY closed at 2 to 1 profits, last chart I posted.

I had 11 full 2-1 winners, 5 full 1-1 losers. Now, I either got the position size wrong on some of these, of the calculator was not accurate, I used Risk by Percentage of account, next week I will use Risk by Amount, see if that is more accurate.

Account was $1120 , now $1268 , profit $147.71 , say $148 = 13% for the week

Each loser should have been $11 and the winners $22 but you can see the actual amounts. On those figures, the 11 winners times 2 is 22 units, minus the 5 losers = 17 units, or 17 times $22 = $374 for theoretically gain on correct figures was possible.

That would be an astounding 33% and never had any point of nervous drawdown. A few reported those early loses, did those guys continue with the system?

Have a nice weekend, and study, study, study, delete all those indicators, I know you’re still looking at them

PRICE PRICE PRICE

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-29 at 5.54.30 am.png Size: 417 KB
The two most powerful warriors are patience and time. Leo Tolstoy
Quoting Erebus
{quote} In the words of the once famous John McEnroe, “You cannot be serious! YOU CANNOT BE SERIOUS ! !” I don’t think we need to explain the theory once again, you need to read the thread again, take notes, look at the charts, post a few charts showing where you don’t understand, draw the high and low on every chart, in other words, STUDY. No one can do this for you, put in some effort. It’s 6 am in Australia, the USDJPY closed at 2 to 1 profits, last chart I posted. I had 11 full 2-1 winners, 5 full 1-1 losers. Now, I either got the position size...
The thing is, he obviously used the script. But I also used the script and didn't get good results. I didn't use as many pairs either, however. But still. Then again, maybe the key is leaving it all on the table until the end of the week, which is what he apparently did.

And I see you are also having much success with this.

I agree, I need to take a closer look at this. Results like this should not be taken lightly!
hello, the entry of 0xff seems to me rather at 25% not at 15%?
Quoting here2there
{quote} The thing is, he obviously used the script. But I also used the script and didn't get good results. I didn't use as many pairs either, however. But still. Then again, maybe the key is leaving it all on the table until the end of the week, which is what he apparently did. And I see you are also having much success with this. I agree, I need to take a closer look at this. Results like this should not be taken lightly!
Yes, as soon as you can stop looking for something else, a script, an EA, an indicator, and SEE what is right there on the chart, the sooner you will get it.

As I repeatedly say, all I have is an iPad, no indicator can be run, I only mark the price levels.

Trading is only WTF Wednesday Thursday Friday, so yes, best to let market do it’s thing

Love youse all
The two most powerful warriors are patience and time. Leo Tolstoy
Quoting Erebus
{quote} Yes, as soon as you can stop looking for something else, a script, an EA, an indicator, and SEE what is right there on the chart, the sooner you will get it. As I repeatedly say, all I have is an iPad, no indicator can be run, I only mark the price levels. Trading is only WTF Wednesday Thursday Friday, so yes, best to let market do it’s thing Love youse all
hahaha

But I want my job to be easier. That's why I want an EA to do it for me.

Congratulations on your gains, and have a nice weekend.
Love this approach. I am not using the EA, but applying the principles and am having good returns.
Thanks OP and all the rest contributing thoughts, ideas and resources! It works for me!!
It was a big week or at least a big Friday, no doubt about that, already I’m thinking caution for next week, not thinking bounce or reversal, don’t want a bias, just be careful and let price show the way.

Today I will mark out the new 20-days highs and lows on each pair, Turtle trend style price levels

Here is NZDJPY at the start of this week

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-29 at 6.45.05 am.png Size: 182 KB


And how the strength ended on Friday

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-29 at 6.44.08 am.png Size: 56 KB
The two most powerful warriors are patience and time. Leo Tolstoy
Another thing I will look at for next week, put the 3 to 1 levels on my charts. Obviously, missed a lot of profits by hard exit at 2 to 1 on many trades, get a couple of 3 to 1 will help. Of course, with main trend when observed, reversal or counter trend, use caution always.

Example of Daily

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-29 at 6.46.10 am.png Size: 207 KB


And my favourite, the 4 Hour

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-29 at 6.46.48 am.png Size: 191 KB
The two most powerful warriors are patience and time. Leo Tolstoy
Quoting ingo3344
hello, the entry of 0xff seems to me rather at 25% not at 15%?
I checked his eurusd result and I think it was nearer 15%but I will double check.
Quoting here2there
{quote} The thing is, he obviously used the script. But I also used the script and didn't get good results. I didn't use as many pairs either, however. But still. Then again, maybe the key is leaving it all on the table until the end of the week, which is what he apparently did. And I see you are also having much success with this. I agree, I need to take a closer look at this. Results like this should not be taken lightly!
Tell me more about the Script, does it allow for Position Sizing? Does it draw the Entry level on chart? I guess the trade lines will be there.

Does it place Stop Loss and Take Profit at the same time?

A few pictures will help educate everyone, noobs may be unfamiliar with usage of scripts.

Thanks
The two most powerful warriors are patience and time. Leo Tolstoy
Quoting Erebus
{quote} Tell me more about the Script, does it allow for Position Sizing? Does it draw the Entry level on chart? I guess the trade lines will be there. Does it place Stop Loss and Take Profit at the same time? A few pictures will help educate everyone, noobs may be unfamiliar with usage of scripts. Thanks
This is what I had in mind: https://www.forexfactory.com/showthr...6#post12775666

It leans more towards the side of trade management.
1 trader viewing now