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Simple Monday-Tuesday System (attached calculator)

  • #661
  • Mar 1, 2020 3:42pm Mar 1, 2020 3:42pm
OK guys, here's an indocator (MT4) that covers the strategy.

I can't claim credit for it as I found an indicator here on FF that was 80% there, and I simply amended it to conform to the strategy.

There're a couple of settings that control the colour of the breakout box depending on how big it is. Currently it is set in pips, but I notice a few people have mentioned using ATR/ADR to determine whether or not a trade is advisable or not. If some kind soul can explain how that works to me, I can try to add it into the indicator.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 92 KB
Attached File(s)
File Type: mq4 MoTuBo_Indi.mq4   19 KB | 705 downloads
"Pips are vanity. Profit is sanity."
  • #662
  • Mar 1, 2020 4:02pm Mar 1, 2020 4:02pm
Quoting tes724
{quote} 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.
Thanks I tried but struggling.
1) I am also not sure the script you converted is being picked up by my MT5. I followed your steps but MT5 did not create the item under the menu Insert>Script.
Is there a step missing?
2) Which website can I refer to to get the same learning as you to do these type of conversions and info on the bridge file?

Thank you for taking the time.
MWTF Return This Week: na
  • #663
  • Mar 1, 2020 4:16pm Mar 1, 2020 4:16pm
Quoting Spikehunter
{quote} It's an analysis based on the basic rules. If you total 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.
Thanks Spike for explanation, i ran script before market is open and it created attached excel in file folder , it doesn't show same info you shared, did i miss something? TIA
Attached File(s)
File Type: csv MonTues_System.csv   6 KB | 327 downloads
  • #664
  • Mar 1, 2020 4:28pm Mar 1, 2020 4:28pm
Quoting PaulDV
OK guys, here's an indocator (MT4) that covers the strategy. I can't claim credit for it as I found an indicator here on FF that was 80% there, and I simply amended it to conform to the strategy. There're a couple of settings that control the colour of the breakout box depending on how big it is. Currently it is set in pips, but I notice a few people have mentioned using ATR/ADR to determine whether or not a trade is advisable or not. If some kind soul can explain how that works to me, I can try to add it into the indicator. {image} {file}
That is a lovely indi .. Thanks very much Paul. that is all I needed now I can trade manuallywith ease .. I am not a big EA user and don't rely on them. It is just my personal confort level. This indi gives me the visual box I need then I can make my own trading decision .. Thanks again I LOVE it
  • #665
  • Mar 1, 2020 4:34pm Mar 1, 2020 4:34pm
Quoting Mohsen-b
{quote} Thanks Spike for explanation, i ran script before market is open and it created attached excel in file folder , it doesn't show same info you shared, did i miss something? TIA {file}
That looks like an older version see if you can see a later one. I must put version numbers on them. Col "O" should be negative.
Any problems let me know tomorrow and I'll have another look. Its bedtime here. Market doesn't need to be Open.
  • #666
  • Mar 1, 2020 5:26pm Mar 1, 2020 5:26pm
Quoting here2there
{quote} 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...
I'm sorry to disagree with you, but it seems that you are the one who is misinformed here.

Sure, if you create an EA (or get someone to create an EA for you) then you may own the copyright for that EA, i.e. no-one is permitted to sell, modify or distribute the EA without your express permission, but you do NOT own the copyright to the "recipe", as you put it, for two very good reasons:

  1. You cannot copyright an idea. You can patent a design, but you cannot copyright an idea.
  2. Pretty much every one of the features that you have listed for your EA are already features in other EAs that are available in the public domain - they are not unique to you. Heck, even my own EAs do most of what you've specified, and I wrote the code for those over the last couple of years...so by your logic, perhaps you owe me something for copyright infringement?

"Pips are vanity. Profit is sanity."
  • #667
  • Mar 1, 2020 5:42pm Mar 1, 2020 5:42pm
WOW, what a big ass gap that is being filled on oil .. scaaaaary good pips
  • #668
  • Mar 1, 2020 5:44pm Mar 1, 2020 5:44pm
Quoting PaulDV
{quote} I'm sorry to disagree with you, but it seems that you are the one who is misinformed here. Sure, if you create an EA (or get someone to create an EA for you) then you may own the copyright for that EA, i.e. no-one is permitted to sell, modify or distribute the EA without your express permission, but you do NOT own the copyright to the "recipe", as you put it, for two very good reasons: You cannot copyright an idea. You can patent a design, but you cannot copyright an idea. Pretty much every one of the features that you have listed for your...
yummmmy recipe for lamb chops could be a great patent
  • #669
  • Mar 1, 2020 5:58pm Mar 1, 2020 5:58pm
Quoting PaulDV
{quote} I'm sorry to disagree with you, but it seems that you are the one who is misinformed here. Sure, if you create an EA (or get someone to create an EA for you) then you may own the copyright for that EA, i.e. no-one is permitted to sell, modify or distribute the EA without your express permission, but you do NOT own the copyright to the "recipe", as you put it, for two very good reasons: You cannot copyright an idea. You can patent a design, but you cannot copyright an idea. Pretty much every one of the features that you have listed for your...
I am no expert on this matter. You might be right.

But I am interested in finding the answer to this. If I am proven wrong, then I will apologize.

I actually hope you are right, because then I won't have to care about it.
Learn from your mistakes and march on.
  • #670
  • Mar 1, 2020 6:07pm Mar 1, 2020 6:07pm
I think we should just go back and focus on making pips using the original system as stated by the OP. never mind any EA copy rights and patents, etc etc. You guys are taking away from the main goal of the OP. Just my 2 cents. Don't mean to tell anyone what to do or say, but thought I would just put my thoughts on paper here

Enjoy trading and making pips, and just be happy pleeeeeeez
  • #671
  • Mar 1, 2020 6:19pm Mar 1, 2020 6:19pm
Quoting Zakattack
I think we should just go back and focus on making pips using the original system as stated by the OP. never mind any EA copy rights and patents, etc etc. You guys are taking away from the main goal of the OP. Just my 2 cents. Don't mean to tell anyone what to do or say, but thought I would just put my thoughts on paper here Enjoy trading and making pips, and just be happy pleeeeeeez
I agree.

But an EA 'done right' will still be useful to all of us.
Learn from your mistakes and march on.
  • #672
  • Edited 6:37pm Mar 1, 2020 6:24pm | Edited 6:37pm
Quoting PaulDV
OK guys, here's an indocator (MT4) that covers the strategy. I can't claim credit for it as I found an indicator here on FF that was 80% there, and I simply amended it to conform to the strategy. There're a couple of settings that control the colour of the breakout box depending on how big it is. Currently it is set in pips, but I notice a few people have mentioned using ATR/ADR to determine whether or not a trade is advisable or not. If some kind soul can explain how that works to me, I can try to add it into the indicator. {image} {file}
Great effort from you,thank you so much, please I have some questions about this great easy to use indi.
1, Can I place the BUY and SELL order the same time?
2, I can see that the range zone shows to color please i need explanation about this
3, the BO means what? and the no Trade
4, Is there a specific time I should place trades?
5, Is there a specific timeframe that work with this indi
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
  • #673
  • Mar 1, 2020 6:59pm Mar 1, 2020 6:59pm
Quoting oluwagbenga
{quote} Great effort from you,thank you so much, please I have some questions about this great easy to use indi. 1, Can I place the BUY and SELL order the same time? 2, I can see that the range zone shows to color please i need explanation about this 3, the BO means what? and the no Trade 4, Is there a specific time I should place trades? 5, Is there a specific timeframe that work with this indi {image}
1. Buy and Sell trades are dependent on your broker, not the indicator, think about it

2. There is a setting in that indicator that beyond which the box will colour, yours is probably set to 80 or 90. Also triggers the No Trade

3. Break Out, just to tell you the price range has been broken, observe the chart BEFORE the next BO

4. Wednesday is the basic time

5. No, you choose
It takes a lot for me to IGNORE you, but you can try.
  • #674
  • Mar 1, 2020 8:27pm Mar 1, 2020 8:27pm
Quoting Erebus
{quote} 1. Buy and Sell trades are dependent on your broker, not the indicator, think about it 2. There is a setting in that indicator that beyond which the box will colour, yours is probably set to 80 or 90. Also triggers the No Trade 3. Break Out, just to tell you the price range has been broken, observe the chart BEFORE the next BO 4. Wednesday is the basic time 5. No, you choose
when did you start being so helpful in your old age? lol
  • #675
  • Mar 1, 2020 9:13pm Mar 1, 2020 9:13pm
Quoting bojack34
{quote} when did you start being so helpful in your old age? lol
I’m on a roll

https://www.forexfactory.com/showthr...2#post12784192

have a squizz at the charts with indicators OVERLOAD in that thread

orange you glad that will never happen here

PRICE RULES

It takes a lot for me to IGNORE you, but you can try.
  • #676
  • Mar 1, 2020 11:34pm Mar 1, 2020 11:34pm
Yes, that’s right

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-01 at 7.07.32 pm.png Size: 2.0 MB
It takes a lot for me to IGNORE you, but you can try.
  • #677
  • Mar 1, 2020 11:36pm Mar 1, 2020 11:36pm
Only really work ³ days a week now
  • #678
  • Mar 2, 2020 12:14am Mar 2, 2020 12:14am
Quoting Erebus
{quote} 1. Buy and Sell trades are dependent on your broker, not the indicator, think about it 2. There is a setting in that indicator that beyond which the box will colour, yours is probably set to 80 or 90. Also triggers the No Trade 3. Break Out, just to tell you the price range has been broken, observe the chart BEFORE the next BO 4. Wednesday is the basic time 5. No, you choose
Thank you, I appreciate.
  • #679
  • Mar 2, 2020 2:59am Mar 2, 2020 2:59am
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....
Unfortunately your MT5 script does not work...any idea to fix it? I changed the "weekofday" to "1" (Monday), so it should place orders today based on high/low of Friday and Thursday.
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 51 KB
  • #680
  • Mar 2, 2020 3:01am Mar 2, 2020 3:01am
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}
Hi guys. As I said early, I could make some mistakes in backtest. And I did it. On backtest I used spread on close market and it's more high as usualy in minimum 2x. My bad. Statistic must be more profitable if recalculate with normal spread.
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