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Simple Monday-Tuesday System (attached calculator)

  • #581
  • Feb 29, 2020 12:52am Feb 29, 2020 12:52am
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
We will only allow you to create a new thread if you are ready to take us by the hand and show us how you trade nicely with your phone.
You creating a video or image tutorial on how you trade using phone will be a great idea.
Keep up the good work and have a great weekend
  • #582
  • Feb 29, 2020 12:54am Feb 29, 2020 12:54am
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}...
Thanks for the close all trade script.
  • #583
  • Feb 29, 2020 1:19am Feb 29, 2020 1:19am
Quoting Antony_sg
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%
Long term trade? Can’t keep it open? Even in profit? That’s a real problem, better go back scalping or whatever

It takes a lot for me to IGNORE you, but you can try.
  • #584
  • Feb 29, 2020 4:54am Feb 29, 2020 4:54am
Hi Erebus,

During a week when there is a valid trigger, how do you filter whether to trade or not?
  • #585
  • Feb 29, 2020 5:25am Feb 29, 2020 5:25am
Quoting Ezym
Hi Erebus, During a week when there is a valid trigger, how do you filter whether to trade or not?
I don’t / didn’t filter any trades out on purpose, well, maybe I ignored AUDNZD

And I don’t like EURGBP, so just plain missed that one, USDCHF reversed the last few weeks with stop outs

But, basically, I try to trade it as a basket method, have as many eligible positions as possible

Looks pretty high strike rate to me, and not all trades are entered at the exact same time as in most basket systems

I’m working on a few refinements, see how this method handles a new month in the aftermath of last week’s high volatility

As we know, market needs 2 days, Monday Tuesday, to fake, take & make - fake moves, take stops, make decision on direction

Back to study the PRICE
It takes a lot for me to IGNORE you, but you can try.
  • #586
  • Feb 29, 2020 6:16am Feb 29, 2020 6:16am
Quoting Erebus
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 {image} And how the strength ended on Friday {image}
Is this a 20 day MA or ADR20? I've never used MA's before.
  • #587
  • Feb 29, 2020 7:16am Feb 29, 2020 7:16am
Quoting bojack34
{quote} Is this a 20 day MA or ADR20? I've never used MA's before.
No, not MA or ADR

A high is a high and a low is a low

Check the chart again, see 2 lines?

Mark the last 4 weeks, high and low, that gives you a good coverage of last 20-days trading

Many pairs broke these levels last week, great for trend traders, not so much for top and bottom pickers
It takes a lot for me to IGNORE you, but you can try.
  • #588
  • Feb 29, 2020 7:18am Feb 29, 2020 7:18am
Quoting Erebus
{quote} No, not MA or ADR A high is a high and a low is a low Check the chart again, see 2 lines? Mark the last 4 weeks, high and low, that gives you a good coverage of last 20-days trading Many pairs broke these levels last week, great for trend traders, not so much for top and bottom pickers
ahhhh ok, thanks.
  • #589
  • Feb 29, 2020 9:17am Feb 29, 2020 9:17am
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}...

Every time I have used a script,
I've just dragged and dropped onto the chart,
And it would open up automatically,
This script is not doing that,
Can anyone advise,
Thank you.
  • #590
  • Feb 29, 2020 11:20am Feb 29, 2020 11:20am
Quoting redfan
{quote} Every time I have used a script, I've just dragged and dropped onto the chart, And it would open up automatically, This script is not doing that, Can anyone advise, Thank you.
I guess this script is only working when market is open. Try it next week on demo.
  • #591
  • Feb 29, 2020 11:34am Feb 29, 2020 11:34am
Quoting kofix11
{quote} I guess this script is only working when market is open. Try it next week on demo.
THANK YOU
  • #592
  • Feb 29, 2020 11:42am Feb 29, 2020 11:42am
Hi, traders. Thank you for this wonderful post. I wanted to comment on my results this week. I took 7 trades in currencies and 4 on index. All manually with Erebus fibonacci but respecting 15% breakage. The orders were placed the last hour of Tuesday, Spanish time. Just looking to see the success rate. They closed at 1: 1. All trades have been winners. I will start studying how to squeeze the profits next week.
Thanks again
P.D.Google translate
  • #593
  • Feb 29, 2020 12:00pm Feb 29, 2020 12:00pm
Quoting redfan
{quote} THANK YOU
Yes only works when market is open
  • #594
  • Feb 29, 2020 1:27pm Feb 29, 2020 1:27pm
Quoting Spikehunter
{quote} Yes only works when market is open
THANK YOU
  • #595
  • Edited 2:55pm Feb 29, 2020 2:25pm | Edited 2:55pm
Quoting redfan
{quote} Every time I have used a script, I've just dragged and dropped onto the chart, And it would open up automatically, This script is not doing that, Can anyone advise, Thank you.
Hello,
Here is the script whose table opens even if the market is closed. (but the order will not pass)
it was just a small detail to add ;-)
Attached File(s)
File Type: mq4 motu_script_V_1.1.mq4   2 KB | 263 downloads
  • #596
  • Feb 29, 2020 2:46pm Feb 29, 2020 2:46pm
I allowed myself to modify the script a little so that we can place the order at any time of the day on Wednesday.
(but the sooner the better because if an entry level is already exceeded it will only pass the opposite order)
Very important, this script must be opened exclusively on a DAILY GRAPH.
Attached File(s)
File Type: mq4 motu_script_Daily.mq4   2 KB | 317 downloads
  • #597
  • Feb 29, 2020 3:21pm Feb 29, 2020 3:21pm
All this talk about Scripts, you would think it’s a scalping method, or everyone has FOMO

Maybe you’re very busy people, things to do, places to be

Here is one of the best trades of last week, opportunity to place order all day Wednesday and Thursday

How many made pips?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-01 at 7.16.31 am.png Size: 196 KB
It takes a lot for me to IGNORE you, but you can try.
  • #598
  • Feb 29, 2020 3:30pm Feb 29, 2020 3:30pm
Quoting transmat
I allowed myself to modify the script a little so that we can place the order at any time of the day on Wednesday. (but the sooner the better because if an entry level is already exceeded it will only pass the opposite order) Very important, this script must be opened exclusively on a DAILY GRAPH. {file}

Thanks for the script and the advice.
Sorry if I'm being a nuisance, will this script worked like a pending order,
Again sorry for being a nuisance the answer can wait till Monday have a nice weekend.
  • #599
  • Feb 29, 2020 4:36pm Feb 29, 2020 4:36pm
Erebus,as you stated in post 585 "But,basically I trade this as a basket method and try to have as many eligible positions open".Thats why some of us want a script,so we can enter trades and then get away from the computer because,yes we are busy and have other things to do.Dont take this the wrong way your opinions are valued here,but we're not lazy,just trying to be more efficient,Cheers
  • #600
  • Feb 29, 2020 4:45pm Feb 29, 2020 4:45pm
Quoting transmat
I allowed myself to modify the script a little so that we can place the order at any time of the day on Wednesday. (but the sooner the better because if an entry level is already exceeded it will only pass the opposite order) Very important, this script must be opened exclusively on a DAILY GRAPH. {file}
Thanks for sharing this makes it allot easier.
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