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Simple Monday-Tuesday System (attached calculator)

  • #641
  • Mar 1, 2020 11:28am Mar 1, 2020 11:28am
Quoting akangaziz
{quote} not a bad result. with more tuning in the variable and pair selection, it can bring to the very good result. I'll keep watching this interesting thread.
what happened to your Telegram channel and the Pivot EA? How did that go?
  • #642
  • Edited 11:44am Mar 1, 2020 11:29am | Edited 11:44am
Quoting Spikehunter
{quote} I don't need your permission to do anything and I look forward to your efforts to stop me. Unfortunately for you I do know about software copyright as I am an ex software copyright compliance lawyer having been in the industry for over 50 years, until I retired. I have extensive software development and trading experience and the help I was going to give was free and unencumbered. You will not get very far with your kind of attitude.
I know you think you know I don't own the rights to my EA recipe, but you are misinformed.

As a copyright lawyer, you should know that as soon a creative work is created, it is copyrighted by default, according to US copyright law. Unless its creator clearly states it belongs to the public domain.

I am very familiar with copyright law as I have had dealings with it on several occasions from people whom I had to file a DMCA against for attempting to steal written works from me and passing them off as their own.

If someone hires you to create an EA based on their trading recipe, then it's your code that is copyrighted. You have no rights to the idea (recipe) itself. It's not yours. You didn't create it. The person who created the recipe has full rights to it, and you must have that person's permission to use it, and if permission is given to you to use it, you must abide by the creator's terms of use or not use it.
Learn from your mistakes and march on.
  • #643
  • Edited Mar 2, 2020 3:24am Mar 1, 2020 11:29am | Edited Mar 2, 2020 3:24am
Quoting 0xff
I made manual backtest for 30 weeks. I could make some mistakes, but anyway it's showed some statistics. 25% fibo for entry, 50% fibo as SL, no TP (closing all orders 1 hour before market close), no BE. Triggered order don't cancel opposite order. In other words, at one week you could get 2 SL in one currency. 1 by buy order and 1 by sell. {image}
This is the most important info in this thread, Thank you .
Market is not always trending. Most of the time market is in range. Main question is which setup is better to use in the long term.
"Anything can happen" - Mark Douglas.
  • #644
  • Mar 1, 2020 11:39am Mar 1, 2020 11:39am
Quoting Spikehunter
{quote} You will not get very far with your kind of attitude.
As difficult as it may be for you to see, my attitude here is one of generosity.

I am willing to pay for something and distribute it freely! There is nothing selfish about that.

I just don't want selfish rules attached to the EA that place unreasonable restrictions on those who wish to use it.
Learn from your mistakes and march on.
  • #645
  • Mar 1, 2020 11:42am Mar 1, 2020 11:42am
Quoting Spikehunter
{quote} Do you find it runs faster?
Yes, i think so.
  • #646
  • Mar 1, 2020 12:00pm Mar 1, 2020 12:00pm
Quoting Spikehunter
{quote} I was going to give was free and unencumbered. You will not get very far with your kind of attitude.
Let me give you a little more info to help you understand my intentions here.

There is a guy on here whom I was going to hire to create an EA for me (based on another one of my ideas). He gave me a reasonable price, but what ruined things was he wanted to restrict my use of it by informing me I could only have a certain amount of accounts registered for it and that I would have to give him the MT4 account numbers I would be using it on.

That is unreasonable and unfair to me, unfair because it is my idea, and I was paying him to create an EA for it! If I had agreed to his terms, then that would mean I would have surrendered my rights to him, essentially enabling him to do whatever he wanted with the EA which housed my trading recipe. Without the recipe, the EA is useless.

That is the kind of thing I don't want to see happen here. Hence my reason for being firm about the terms of use for my trading recipe.
Learn from your mistakes and march on.
  • #647
  • Mar 1, 2020 12:06pm Mar 1, 2020 12:06pm
Quoting here2there
{quote} Let me give you a little more info to help you understand my intentions here. There is a guy on here whom I was going to hire to create an EA for me (based on my idea). He gave me a reasonable price, but what ruined things was he wanted to restrict my use of it by informing me I could only have a certain amount of accounts registered for it and that I would have to give him the MT4 account numbers I would be using it on. That is unreasonable and unfair to me, unfair because it is my idea, and I was paying him to create an EA for it! If I...
Lets progress. I will see what we can produce before Wednesday. Just working on a script which can be run on each pair and will output values for a spreadsheet based on the basic rules. Trying to determine the efficacy of the system without using strategy tester which never works properly for me.

This is the first cut. Cond... is where break above AND below are made. I haven't full checked results but thought you might like it.

Attached File(s)
File Type: mq4 MonandTues System script.mq4   7 KB | 210 downloads
  • #648
  • Edited 12:41pm Mar 1, 2020 12:27pm | Edited 12:41pm
Quoting Spikehunter
{quote} Lets progress. {file}
That's all I want. As long as it is in the spirit of giving, you are free to use the trading management recipe I shared here.

I just don't want people using my idea to take advantage of others or to profit from it commercially. That wouldn't be right, since it is meant to be FREE.

I will still hire the coder I am communicating with to create the EA, as he is a highly skilled coder whose work I have come to trust.

The bulk of the recipe came about as a result of many hours spent trading the Forex market. The rules require more than just putting up an EA on a chart and hoping things will work out for the best. It still requires a degree of technical analysis on the part of the user to know which rules to apply, where to apply them, and when to implement them. I even have a specially designed stop loss in there to deal with stop loss spikes (stop hunting) which often occur in the market.

The rules are formulated in such a way that the EA containing them can work with or without the OP's strategy. That makes it very powerful! As you are likely aware, EAs that are purely based on a specific strategy usually stop working at some point. To keep that from happening, my idea places more weight on the trade management side.

It even has rules to deal with FIFO and no hedging rules, which US citizens are unfairly subject to.

The only way the recipe will stop working is if the EA becomes outdated and isn't updated or if people are no longer allowed to trade using EAs. Otherwise, it is timeless.
Learn from your mistakes and march on.
  • #649
  • Mar 1, 2020 1:05pm Mar 1, 2020 1:05pm
Quoting Spikehunter
{quote} This is the first cut. Cond... is where break above AND below are made. I haven't full checked results but thought you might like it. {file}
OK, so here is the thing with me. I am a visual person. I need to see the rules/settings in a script/EA and have some kind of control over which ones I want to use and when.

That is why my recipe is so important, because it enables the user to put thought into how he or she wants to utilize the rules, and even gives the user an opportunity to be creative in forming combinations of rules according to their own strategy.

It's Ok if people just want to put up a script and let the script do everything for them. But how long will that work? That question remains unanswered. My recipe, on the other hand, should always work. Whether it will be profitable or not depends on the decisions the user makes while using it. Success all depends on the conditions of the market and the user's knowledge of how to trade it.

I did notice one problem with the script, however. After placing it on the chart, indicators I had on the chart prior were removed from the chart. I don't know if the script is intentionally set up to do that, but this could be a problem for people who use indicators.

But I appreciate your effort!
Learn from your mistakes and march on.
  • #650
  • Mar 1, 2020 1:12pm Mar 1, 2020 1:12pm
Quoting here2there
{quote} OK, so here is the thing with me. I am a visual person. I need to see the rules/settings in a script/EA and have some kind of control over which ones I want to use and when. That is why my recipe is so important, because it enables the user to put thought into how he or she wants to utilize the rules, and even gives the user an opportunity to be creative in forming combinations of rules according to their own strategy. It's Ok if people just want to put up a script and let the script do everything for them. But how long will that work? That...
I think you misunderstand the script. It doesn't do anything except show you IF the system will work. It calculates the wins and losses based on the HI/Lo entry points and calculates on the Friday what the outcome is. I don't usually bother with this sort of thing but as it looked good I thought I would do some deeper analysis. Without to much analysis it looks like, based on the 4 pairs attached, this could be a good basic system. Its possible to add in other filters.
Attached are 4 xls files and a new script which you can run on any pair. All individually named.
If I build an EA which is likely as its so simple it will run on any/all of the 28 main pairs and I should have it done tomorrow. You don't need to pay any money for someone to write it.
Give the script a run and see what your favourite pair gives you.

Attached File(s)
File Type: mq4 MonandTues System script.mq4   7 KB | 292 downloads
Attached File(s)
File Type: xlsx MonTues_System EURGBP.xlsx   10 KB | 313 downloads
Attached File(s)
File Type: xlsx MonTues_System GBPJPY.xlsx   9 KB | 230 downloads
Attached File(s)
File Type: xlsx MonTues_System GBPUSD.xlsx   10 KB | 231 downloads
Attached File(s)
File Type: xlsx MonTues_System USDJPY.xlsx   9 KB | 242 downloads
  • #651
  • Mar 1, 2020 1:22pm Mar 1, 2020 1:22pm
Quoting Spikehunter
{quote} Lets progress. I will see what we can produce before Wednesday. Just working on a script which can be run on each pair and will output values for a spreadsheet based on the basic rules. Trying to determine the efficacy of the system without using strategy tester which never works properly for me. This is the first cut. Cond... is where break above AND below are made. I haven't full checked results but thought you might like it. {file}
Thanks for Script, i noticed a spreadsheet created in the File folder, would you please explain how it is going to help?
Thanks
  • #652
  • Mar 1, 2020 1:24pm Mar 1, 2020 1:24pm
Quoting Spikehunter
{quote} I think you misunderstand the script. It doesn't do anything except show you IF the system will work. It calculates the wins and losses based on the HI/Lo entry points and calculates on the Friday what the outcome is. I don't usually bother with this sort of thing but as it looked good I thought I would do some deeper analysis. Without to much analysis it looks like, based on the 4 pairs attached, this could be a good basic system. Its possible to add in other filters. Attached are 4 xls files and a new script which you can run on any pair....
Yep, I misunderstood.

I need to do some errands. I will take a closer look at what you uploaded when I get a chance later today.
Learn from your mistakes and march on.
  • #653
  • Mar 1, 2020 1:25pm Mar 1, 2020 1:25pm
Quoting here2there
{quote} OK, so here is the thing with me. I am a visual person. I need to see the rules/settings in a script/EA and have some kind of control over which ones I want to use and when. That is why my recipe is so important, because it enables the user to put thought into how he or she wants to utilize the rules, and even gives the user an opportunity to be creative in forming combinations of rules according to their own strategy. It's Ok if people just want to put up a script and let the script do everything for them. But how long will that work? That...
Basic version done. It will open a pending long and short order for pairs designated as tradeable. Just waiting for market to open so I can test it.
I will post it when I am happy it at least does what I expect.
  • #654
  • Mar 1, 2020 2:30pm Mar 1, 2020 2:30pm
Quoting Spikehunter
{quote} I think you misunderstand the script. It doesn't do anything except show you IF the system will work. It calculates the wins and losses based on the HI/Lo entry points and calculates on the Friday what the outcome is. I don't usually bother with this sort of thing but as it looked good I thought I would do some deeper analysis. Without to much analysis it looks like, based on the 4 pairs attached, this could be a good basic system. Its possible to add in other filters. Attached are 4 xls files and a new script which you can run on any pair....

Some great work there and great results,
I hope you can get that EA working,
  • #655
  • Mar 1, 2020 3:15pm Mar 1, 2020 3:15pm
Quoting tes724
Well i took my time and learned some MQL 5 my self... With some very little tweeking to the code and some "include" files we can use the script in MT5, just as in MT4. Quick guide: - Place the "mq4_mq5_bridge.mqh" file in .../MQL5/Include/" folder - Place script in ".../MQL5/Scripts/" folder - Load MT5 - Drag and drop script to chart or add a hotkey (for faster use). It wont work without the "mq4_mq5_bridge.mqh" file. its the one that makes the magic happend and translate the MQL4 expressions to MQL5... Since marked its closed, i cant test it yet....
Hi thank you for this. Did you create the bridge file and is it specific for the MoTu script? Reason I ask is that I would like to convert another indicator I use on MT4 to MT5.
MWTF Return This Week: na
  • #656
  • Mar 1, 2020 3:18pm Mar 1, 2020 3:18pm
Quoting BearBu11y
{quote} Hi thank you for this. Did you create the bridge file and is it specific for the MoTu script? Reason I ask is that I would like to convert another indicator I use on MT4 to MT5.
No i didnt create the bidge file.
But you can just try add the include line in your indicator file, to see if it works.
  • #657
  • Mar 1, 2020 3:20pm Mar 1, 2020 3:20pm
Quoting Erebus
{quote} Hey, no problem, it’s not my thread, scripts are great, an EA that traded chosen pairs would be even better... I just can’t run them and sorry if you got the impression that I’m against them. Hopefully someone can run the script and report at the end of this week. its only a 3 day week after all
Hi Erebus. I do not seem to have the ability to PM. But thank you for all the work you have done here to refine and support this system. I jumped in quickly once I saw your shares and back tests and report 2 profitable weeks as a result playing with small peas. I am going to stop doing other stuff and focus on this get a lot of time back..my wife and I will thank you for the time . I kite surf at Sandgate which is near you. Would be great to catch up one day.
MWTF Return This Week: na
  • #658
  • Mar 1, 2020 3:24pm Mar 1, 2020 3:24pm
Quoting Mohsen-b
{quote} Thanks for Script, i noticed a spreadsheet created in the File folder, would you please explain how it is going to help? Thanks
It's an analysis based on the basic rules. If you totall up cols m, n, o you can assess profitability.
Not much point in investing time on something that doesn't look like it's going to work.
This one has promise.
Thanks for highlighting the file is created in the files folder.
The strategy tester can sometimes be problematic.
  • #659
  • Mar 1, 2020 3:25pm Mar 1, 2020 3:25pm
Quoting 0xff
I made manual backtest for 30 weeks. I could make some mistakes, but anyway it's showed some statistics. 25% fibo for entry, 50% fibo as SL, no TP (closing all orders 1 hour before market close), no BE. Triggered order don't cancel opposite order. In other words, at one week you could get 2 SL in one currency. 1 by buy order and 1 by sell. {image}
I have heard CHF is a dog due to a powerful body controlling it. Results without CHF pairs is stellar.
MWTF Return This Week: na
  • #660
  • Mar 1, 2020 3:35pm Mar 1, 2020 3:35pm
Quoting here2there
{quote} Yep, I misunderstood. I need to do some errands. I will take a closer look at what you uploaded when I get a chance later today.
The script deletes All objects before running not any indicators. It should not be run on anything other than a spare chart for analysis purposes.
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