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Simple Monday-Tuesday System (attached calculator)

  • #561
  • Feb 28, 2020 3:26pm Feb 28, 2020 3:26pm
Quoting here2there
{quote} This is what I had in mind: https://www.forexfactory.com/showthr...6#post12775666 It leans more towards the side of trade management.
Not sure where you mean, that only opens another page of this thread for me, I have settings of 40 posts per page, so probably different than yours.

To link to a specific post, click on the top right of that post, the #Post xxx - capture that link for a direct link

Or mention the Post number e.g. 306 and we can find it easily

Thanks
MAY THE TREND BE WITH YOU
  • #562
  • Feb 28, 2020 3:36pm Feb 28, 2020 3:36pm
Quoting Erebus
{quote} Not sure where you mean, that only opens another page of this thread for me, I have settings of 40 posts per page, so probably different than yours. To link to a specific post, click on the top right of that post, the #Post xxx - capture that link for a direct link...
That's strange that you are not seeing it, as I did link directly to the post.

Try this: post #422 on page 22.
Learn from your mistakes and march on.
  • #563
  • Feb 28, 2020 3:37pm Feb 28, 2020 3:37pm
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.
Strategy is simple. On first hour of wednesday(broker's time) I use this script on all currencies. Open chart, execute script, open another currency chart and execute script and so on. Script set pending orders at %fibo in settings. As default 25% for level to entry and 50% for SL and no TP. That's all. I close all positions and delete not triggered orders few hours before market close at friday.


Quoting ingo3344
hello, the entry of 0xff seems to me rather at 25% not at 15%?
25%. See screenshot.



motu_script.mq4 - for send pending orders
CloseAllPositions.mq4 - for close all positions and pending orders
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
Attached File(s)
File Type: mq4 motu_script.mq4   2 KB | 493 downloads
File Type: mq4 CloseAllPositions.mq4   1 KB | 453 downloads
  • #564
  • Feb 28, 2020 3:45pm Feb 28, 2020 3:45pm
Quoting here2there
{quote} That's strange that you are not seeing it, as I did link directly to the post. Try this: post #422 on page 22.
That worked, usually Coders are all over any thread that has an idea that makes a few good trades.

Maybe this is too simple, no one is interested

Page number is useless, see picture, I have only 15 pages, Post link or number always best

Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-29 at 7.42.07 am.png Size: 41 KB
MAY THE TREND BE WITH YOU
  • #565
  • Feb 28, 2020 4:18pm Feb 28, 2020 4:18pm
You may remember this post https://www.forexfactory.com/showthr...9#post12777219

The YEN did strength, just took the CHFJPY a little longer to give it up, an extra Arrow on the chart

Bounced at the 20-days low, call it a 1 to win at Friday close?



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-29 at 8.07.57 am.png Size: 221 KB
MAY THE TREND BE WITH YOU
  • #566
  • Feb 28, 2020 4:38pm Feb 28, 2020 4:38pm
To finish off the week, the theoretical results, please read the spreadsheet.

Notable difference with the actual trades posted earlier, I missed the EURGBP, USDCAD, USDCHF

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-29 at 8.09.30 am.png Size: 228 KB
MAY THE TREND BE WITH YOU
  • #567
  • Feb 28, 2020 4:59pm Feb 28, 2020 4:59pm
Quoting 0xff
{quote} Strategy is simple. On first hour of wednesday(broker's time) I use this script on all currencies. Open chart, execute script, open another currency chart and execute script and so on. Script set pending orders at %fibo in settings. As default 25% for level to entry and 50% for SL and no TP. That's all. I close all positions and delete not triggered orders few hours before market close at friday. {quote} 25%. See screenshot. motu_script.mq4 - for send pending orders CloseAllPositions.mq4 - for close all positions and pending orders {file}...
Hi, How many weeks have you run this? Have you got good results?
  • #568
  • Feb 28, 2020 5:39pm Feb 28, 2020 5:39pm
Quoting Erebus
{quote} That worked, usually Coders are all over any thread that has an idea that makes a few good trades. Maybe this is too simple, no one is interested Page number is useless, see picture, I have only 15 pages, Post link or number always best Thanks {image}
It seems most coders aren't serious traders. So they might not see the value in such an EA. The rules are mostly designed to manage the trade. It's similar to one I already have, but there are noticeable differences. My EA is very powerful.
Learn from your mistakes and march on.
  • #569
  • Feb 28, 2020 5:44pm Feb 28, 2020 5:44pm
February 28, 2020

Today in Forex trading the JPY was strong, creating very strong movements.

The GBP/JPY broke all D1 support levels, and this pair has much more potential to drop.

The AUD/JPY broke out of the W1 support levels and now has much more potential to drop.

The NZD/JPY also had a strong drop and is at D1 time frame support.

Due to the large movements, we would take profit, as some retracement would be expected.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-02-29 at 9.40.14 am.png Size: 199 KB


Huge adjustment required for the new 20-days Low
MAY THE TREND BE WITH YOU
  • #570
  • Feb 28, 2020 5:45pm Feb 28, 2020 5:45pm
Quoting 0xff
{quote} Strategy is simple. On first hour of wednesday(broker's time) I use this script on all currencies. Open chart, execute script, open another currency chart and execute script and so on. Script set pending orders at %fibo in settings. As default 25% for level to entry and 50% for SL and no TP. That's all. I close all positions and delete not triggered orders few hours before market close at friday. {quote} 25%. See screenshot. motu_script.mq4 - for send pending orders CloseAllPositions.mq4 - for close all positions and pending orders {file}...
If it's not too much trouble, can you do me a favor and make one that only places sell orders and one that only places buy orders?

I am a US trader, so I have to have two different accounts to hedge trade.
Learn from your mistakes and march on.
  • #571
  • Feb 28, 2020 6:14pm Feb 28, 2020 6:14pm
Quoting Spikehunter
{quote} Hi, How many weeks have you run this? Have you got good results?
Hi.
Only 3 full weeks. It is negligible to talk about any statistics for this system now. I'll be collect 12-16 weeks before do any conclusions.

Quoting here2there
{quote} If it's not too much trouble, can you do me a favor and make one that only places sell orders and one that only places buy orders? I am a US trader, so I have to have two different accounts to hedge trade.
Check PM
  • #572
  • Feb 28, 2020 7:38pm Feb 28, 2020 7:38pm
The OP not seen for 1 week

I might start my own thread, please comment or PM if you’re shy

Thanks
MAY THE TREND BE WITH YOU
  • #573
  • Feb 28, 2020 7:40pm Feb 28, 2020 7:40pm
Quoting Erebus
The OP not seen for 1 week I might start my own thread, please comment or PM if you’re shy Thanks
That is quite alright if you start your own thread. I will be there to support you.
Learn from your mistakes and march on.
  • #574
  • Feb 28, 2020 7:49pm Feb 28, 2020 7:49pm
Quoting here2there
{quote} That is quite alright if you start your own thread. I will be there to support you.
Makes sense, your here and there

Not sure who will support whom

Thanks
MAY THE TREND BE WITH YOU
  • #575
  • Feb 28, 2020 9:57pm Feb 28, 2020 9:57pm
Quoting Erebus
{quote} Makes sense, your here and there Not sure who will support whom Thanks
I'll join you... had a great week this week and left a few running I don't think we've seen the end of the moves from friday.. but what would we gain from doing a new thread ?
I wonder if U got a short on au200 buddy.. unfortunately I'm with ic markets and can only trade full lots on indices..
  • #576
  • Feb 28, 2020 10:18pm Feb 28, 2020 10:18pm
Hi all,can anyone modify Oxff's script.I just use a weekly OLHC bar and apply the fib to the high and low just prior to the Tuesday close (about 8am Australian time),so Im wondering if a script can be with the current high and low when applied to the chart and with 15% entries and 75% stops.I cant program to save myself.Thxs in advance if this can be done.Traded this strategy Manually this week on 6 pairs,5 from 6.
  • #577
  • Feb 28, 2020 11:00pm Feb 28, 2020 11:00pm
Quoting PhillipmC
{quote} I'll join you... had a great week this week and left a few running I don't think we've seen the end of the moves from friday.. but what would we gain from doing a new thread ? I wonder if U got a short on au200 buddy.. unfortunately I'm with ic markets and can only trade full lots on indices..
I was thinking as I am the main contributor here, and I haven’t had any system to share over the years, this could be it.

My motto will be, we work as a team, and we do it my way!

All the index look the same to me, down, down, down

I’m with IC Markets, pretty sure that’s a CFD , not a Full Lot contract

Sell 1 on Monday and find out
MAY THE TREND BE WITH YOU
  • #578
  • Feb 29, 2020 12:02am Feb 29, 2020 12:02am
Quoting Erebus
{quote} I was thinking as I am the main contributor here, and I haven’t had any system to share over the years, this could be it. My motto will be, we work as a team, and we do it my way! All the index look the same to me, down, down, down I’m with IC Markets, pretty sure that’s a CFD , not a Full Lot contract Sell 1 on Monday and find out
Sound good to me Erebus let us know what U do
  • #579
  • Feb 29, 2020 12:02am Feb 29, 2020 12:02am
Hello guys
I followed this strategy for 5 weeks till now, and trade on real account for 3 weeks, use lot size is 0.01 and have got potential profit, with R:R 1/2.
However, this strategy is long term trade, some time I can not keep positions until weekend when trade on real account, it belong trading psychology of all most of retail traders , - difficult to overcome tempted by profit.
My setup is : breakout entry +/-25% / SL 50%
  • #580
  • Feb 29, 2020 12:21am Feb 29, 2020 12:21am
Do we have fibo indcator that draws mon-tues fib automatically?

is this motu script is already set on 25% levels? so it sets up pending orders accordingly?

it would be better if this script was like an EA and the option of OCO,less stress to close tp and cancel the other trade.

is motu system v1.4 works as same as this script ?
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