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Simple Monday-Tuesday System (attached calculator)

  • #681
  • Edited 3:27am Mar 2, 2020 3:16am | Edited 3:27am
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}

Thanks for sharing your hard work.

You will never convince me that counting pips is an accurate measurement of any system.

I would rather see the results as units or percentage, always take profit at 2 to 1, don’t take opposite sides trade when stopped out.

That’s just me...



PS: I looked a bit closer, obviously EURCHF is the worst pair ever, drop it. You have EURGBP in there, good, but you need to include the opposite of it GBPCHF, it will boost the pip count like GBPJPY, try that.

It takes a lot for me to IGNORE you, but you can try.
  • #682
  • Mar 2, 2020 4:16am Mar 2, 2020 4:16am
Quoting Erebus
{quote} Thanks for sharing your hard work. You will never convince me that counting pips is an accurate measurement of any system. I would rather see the results as units or percentage, always take profit at 2 to 1, don’t take opposite sides trade when stopped out. That’s just me... PS: I looked a bit closer, obviously EURCHF is the worst pair ever, drop it. You have EURGBP in there, good, but you need to include the opposite of it GBPCHF, it will boost the pip count like GBPJPY, try that.
I'm agree. Maybe on this weekend I'll re-backtesting with correct spread and all 28 pairs for more deeper statistic.
  • #683
  • Mar 2, 2020 4:20am Mar 2, 2020 4:20am
Quoting 0xff
{quote} I'm agree. Maybe on this weekend I'll re-backtesting with correct spread and all 28 pairs for more deeper statistic.
Sounds good, but I would still leave out AUDNZD & EURCHF, but I guess, need to analyse, then drop them

Thanks
It takes a lot for me to IGNORE you, but you can try.
  • #684
  • Edited 4:41am Mar 2, 2020 4:23am | Edited 4:41am
Quoting Erebus
The OP not seen for 1 week I might start my own thread, please comment or PM if you’re shy Thanks
Erebus, start the thread fast. I cannot wait to learn more about price action from you. I m tired of reading about scripts and ea that might fail at any time.

Post the link here. I m ready to follow you.
Do not run to meet the price, let price run to meet you.
  • #685
  • Mar 2, 2020 4:30am Mar 2, 2020 4:30am
Hi All,
One EA to place all trades required on Wednesday morning. Each pair NEEDS ITS OWN CHART with the EA on it.
The system also creates Global Variables found under Tools. This is to stop multiple entries and other stuff. If you want to try it multiple times then delete the variable DrawHiLo and corresponding PAIR number. Probably better just to try it on one or two charts then set up for Wenesday with the ones you want to trade.

The PAIR numbers do not correspond to your charts they are the numbers in the list below.

DEMO TRADING IS RECOMMENDED TO START I will not be held responsible for any errors or ommisions or any losses that you may incur.

I have modified my existing Basic system which I use for testing ideas and tested it as much as I can today. It seems to be ok.
If you want to try it today change DayStart to 1. It is set to default to 3 for Wednesday.

As I am only providing an .EXE , for various reasons, at this stage this is NOT modifiable.

I have a TradeManagement routine incorporated which at the moment is blocked off so we can think about that next version or so.

Lets get the basics working then I can enhance as we go.

Attached File(s)
File Type: ex4 SMC EA Basic Daily Mon Tues HiLo.ex4   16 KB | 277 downloads


These are the pairs it will trade.
if(Symbol()=="AUDCAD") {Pair=1; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="AUDCHF") {Pair=2; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="AUDJPY") {Pair=3; PointVal=0.01; OpenLots=0.01;}
if(Symbol()=="AUDNZD") {Pair=4; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="AUDUSD") {Pair=5; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="CADCHF") {Pair=6; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="CADJPY") {Pair=7; PointVal=0.01; OpenLots=0.01;}
if(Symbol()=="CHFJPY") {Pair=8; PointVal=0.01; OpenLots=0.01;}
if(Symbol()=="EURAUD") {Pair=9; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="EURCAD") {Pair=10; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="EURCHF") {Pair=11; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="EURGBP") {Pair=12; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="EURJPY") {Pair=13; PointVal=0.01; OpenLots=0.01;}
if(Symbol()=="EURNZD") {Pair=14; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="EURUSD") {Pair=15; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="GBPAUD") {Pair=16; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="GBPCAD") {Pair=17; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="GBPCHF") {Pair=18; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="GBPJPY") {Pair=19; PointVal=0.01; OpenLots=0.01;}
if(Symbol()=="GBPNZD") {Pair=20; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="GBPUSD") {Pair=21; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="NZDJPY") {Pair=22; PointVal=0.01; OpenLots=0.01;}
if(Symbol()=="NZDUSD") {Pair=23; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="USDCAD") {Pair=24; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="USDCHF") {Pair=25; PointVal=0.0001; OpenLots=0.01;}
if(Symbol()=="USDJPY") {Pair=26; PointVal=0.01; OpenLots=0.01;}
  • #686
  • Mar 2, 2020 5:29am Mar 2, 2020 5:29am
Quoting Spikehunter
Hi All, One EA to place all trades required on Wednesday morning. Each pair NEEDS ITS OWN CHART with the EA on it. The system also creates Global Variables found under Tools. This is to stop multiple entries and other stuff. If you want to try it multiple times then delete the variable DrawHiLo and corresponding PAIR number. Probably better just to try it on one or two charts then set up for Wenesday with the ones you want to trade. The PAIR numbers do not correspond to your charts they are the numbers in the list below. DEMO TRADING IS RECOMMENDED...
Are we put this EA on a completely new chart or are we putting it on a chart that as the script on it?
  • #687
  • Mar 2, 2020 5:37am Mar 2, 2020 5:37am
Quoting Ojogbolabi
{quote} Erebus, start the thread fast. I cannot wait to learn more about price action from you. I m tired of reading about scripts and ea that might fail at any time. Post the link here. I m ready to follow you.
Patience grasshopper, lay low for this week

And it’s PRICE only, forget about any ACTION

The Secret is coming:
1 - Ask
2 - Believe
3 - Receive

It takes a lot for me to IGNORE you, but you can try.
  • #688
  • Mar 2, 2020 5:38am Mar 2, 2020 5:38am
Please, stop writing about your EA’s. We are missing real valuable information about this system. The main question is to find best entry and exit sittings that will be stable in long term. To find this we need to make backtest (I think 20 weeks is enough) using different sittings on each instrument.
"Anything can happen" - Mark Douglas.
  • #689
  • Mar 2, 2020 5:44am Mar 2, 2020 5:44am
Sometimes one thinks that it may be more educational, indeed -profitable, if people forgot EA's and simply forward tested a few charts manually. Excuse my butting in Erebus. I am but an interested observer.
Perhaps a separate thread of EA experiments would be in order ?
every Saint has a past. Every Sinner has a Future
  • #690
  • Mar 2, 2020 5:56am Mar 2, 2020 5:56am
Quoting redfan
{quote} Are we put this EA on a completely new chart or are we putting it on a chart that as the script on it?
You only need this not a script. This will setup the trades automatically for you etc. on Wednesday unless you try it as I suggested in original post. I'm not really into scripts, do they run continuously or just the once you drag them onto a chart. I always thought it was the latter. The EA goes in the Experts folder.
Let me know how you get on happy to help.
  • #691
  • Mar 2, 2020 5:58am Mar 2, 2020 5:58am
Quoting Zhekabas
Please, stop writing about your EA’s. We are missing real valuable information about this system. The main question is to find best entry and exit sittings that will be stable in long term. To find this we need to make backtest (I think 20 weeks is enough) using different sittings on each instrument.
New to the thread haven't seen you before me think's. Could be wrong.
Try my Spreadsheet script it will output all those values for you. Strategy Tester doesn't always work. Anything extra you want ask and I will see what I can do
  • #692
  • Mar 2, 2020 5:59am Mar 2, 2020 5:59am
Quoting Ojogbolabi
{quote} Erebus, start the thread fast. I cannot wait to learn more about price action from you. I m tired of reading about scripts and ea that might fail at any time. Post the link here. I m ready to follow you.
Just get a blank chart and look at it. There are many threads and info on trading naked.
  • #693
  • Mar 2, 2020 6:12am Mar 2, 2020 6:12am
Quoting Spikehunter
{quote} Just get a blank chart and look at it. There are many threads and info on trading naked.
Filth Sir !! Please keep this thread clean
every Saint has a past. Every Sinner has a Future
  • #694
  • Mar 2, 2020 6:14am Mar 2, 2020 6:14am
Quoting turnip15
{quote} Filth Sir !! Please keep this thread clean
I'm always fully dressed when I trade haha
  • #695
  • Mar 2, 2020 6:16am Mar 2, 2020 6:16am
Quoting Zhekabas
Please, stop writing about your EA’s. We are missing real valuable information about this system. The main question is to find best entry and exit sittings that will be stable in long term. To find this we need to make backtest (I think 20 weeks is enough) using different sittings on each instrument.
All "real valuable information about this system" is contained pretty much in the posts on the first page of this thread, so you shouldn't be missing anything.

If you don't want EAs or scripts or indicators for this system, just read the first few posts and off you go - ignore the rest.

You say to stop writing about EAs but then go on to request that we do 20 weeks of back-testing with different settings for each instrument...without an EA or a script of some sort, doing this manually would take a very long time. Unless you have a better way and can do the 20 week back-testing for us and let us all know the results?
"Pips are vanity. Profit is sanity."
  • #696
  • Mar 2, 2020 6:16am Mar 2, 2020 6:16am
Quoting Spikehunter
{quote} I'm always fully dressed when I trade haha
I'm still in my PJ's - working from home today!
"Pips are vanity. Profit is sanity."
  • #697
  • Mar 2, 2020 6:57am Mar 2, 2020 6:57am
Quoting Spikehunter
{quote} You only need this not a script. This will setup the trades automatically for you etc. on Wednesday unless you try it as I suggested in original post. I'm not really into scripts, do they run continuously or just the once you drag them onto a chart. I always thought it was the latter. The EA goes in the Experts folder. Let me know how you get on happy to help.
Thanks again for your hard work,
I will be testing this on my demo account
The tests I've done so far manually going back 15 weeks on all daily charts, The results look good,
In fact, The only way this failed in my tests was when there was no order taken,
And when there was a fake spike on the Wednesday candles,
I think I will only trading on four pairs which I found to be extremely good,
GBP/JPY
GBP/USD
USD/JPY
EUR/AUD
I hope to put some my charts on showing my results.
And where I can I will help other people in the group.
PS, if this works out I will be looking to open a live account,
As anyone got any recommendations for which broker to use, .
  • #698
  • Mar 2, 2020 7:27am Mar 2, 2020 7:27am
Quoting Spikehunter
Hi All, One EA to place all trades required on Wednesday morning. Each pair NEEDS ITS OWN CHART with the EA on it. The system also creates Global Variables found under Tools. This is to stop multiple entries and other stuff. If you want to try it multiple times then delete the variable DrawHiLo and corresponding PAIR number. Probably better just to try it on one or two charts then set up for Wenesday with the ones you want to trade. The PAIR numbers do not correspond to your charts they are the numbers in the list below. DEMO TRADING IS RECOMMENDED...
Great work, thx alot! Can you put a few words on the input?

For next update it would be nice to be able to set lot size.
And to see the code, so i can make it work for MT5
  • #699
  • Mar 2, 2020 8:47am Mar 2, 2020 8:47am
Quoting redfan
{quote} https://studio.youtube.com/video/FCsP9h1vREA/edit
doesnt seem to work
  • #700
  • Mar 2, 2020 9:09am Mar 2, 2020 9:09am
Folks, I so wanted to have an EA created with my recipe to give to you to use freely. But I am having communication problems with the coder I wanted to hire to do the task. It doesn't look like it is going to work out. Sorry.
Learn from your mistakes and march on.
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