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Simple Monday-Tuesday System (attached calculator)

  • #701
  • Mar 2, 2020 9:10am Mar 2, 2020 9:10am
Quoting Spikehunter
{quote} doesnt seem to work
He posted url from his youtube portal, not direct to video. I put his video id in url for youtube's video url and it's works.
Try it:
Inserted Video
  • #702
  • Mar 2, 2020 10:04am Mar 2, 2020 10:04am
- Fixed overlapping Fibo leves when EntryFactor was set to 0.0
- Fixed overlapping SL Fibo level when EntryFactor was set to 0.0

- Changes to Fibo levels showing ratio instead of TP1, 2, 3 etc...
- Minor default color settings.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
Attached File(s)
File Type: mq4 MoTu_Fibo_Breakout_indi_v1.1.mq4   19 KB | 442 downloads
  • #703
  • Mar 2, 2020 10:05am Mar 2, 2020 10:05am
which one is htis yellow currency strength meter on your chart that shows the power of Daily time frame?plz share,thanks
  • #704
  • Mar 2, 2020 10:12am Mar 2, 2020 10:12am
Last week demo trade performance:

GBPUSD =65
GBPAUD = -243
CBPCAD = -173
GBPJPY = 100
GBPNZD = -294

Total = -545
  • #705
  • Mar 2, 2020 10:26am Mar 2, 2020 10:26am
Quoting 0xff
{quote} He posted url from his youtube portal, not direct to video. I put his video id in url for youtube's video url and it's works. Try it: https://www.youtube.com/watch?v=FCsP9h1vREA

Thanks for that. having all sorts of trouble with my new computer.
Just thought it was important to let people know that the period line is not always Monday.
  • #706
  • Mar 2, 2020 10:29am Mar 2, 2020 10:29am
Quoting pbw
Last week demo trade performance: GBPUSD =65 GBPAUD = -243 CBPCAD = -173 GBPJPY = 100 GBPNZD = -294 Total = -545
So, I take it that's 2 wins and 3 losses, yes?

pips are not a good measure of profitability - through trade management, it's entirely possible to have a negative pip balance and yet be in profit and vice versa. Profit % is the only real measure you should go by.
"Pips are vanity. Profit is sanity."
  • #707
  • Mar 2, 2020 10:32am Mar 2, 2020 10:32am
Quoting pbw
Last week demo trade performance: GBPUSD =65 GBPAUD = -243 CBPCAD = -173 GBPJPY = 100 GBPNZD = -294 Total = -545
GBPCHF ?

I assume those are pips? The worst way to measure, try using units.

Cheers
It takes a lot for me to IGNORE you, but you can try.
  • #708
  • Mar 2, 2020 10:43am Mar 2, 2020 10:43am
Quoting redfan
{quote} Thanks for that. having all sorts of trouble with my new computer. Just thought it was important to let people know that the period line is not always Monday.
Mate, don’t know how long you have been trading or using MT4, but on Daily chart the period separator has always been showing the months.

And if you did a visual backtest as you say you did, and didn’t stop to think how many days in a trading week (5), or even drop to the 4 hour chart to check the day or the price or something, then I’m not sure what you were doing.

People complaining that discussion about EA or scripts is bothering them? Well, IMHO, that video is the biggest piece of thread pollution ever; I would never post something that showed my total ignorance of Metatrader charting, as you have done.

But, that’s me...

It takes a lot for me to IGNORE you, but you can try.
  • #709
  • Mar 2, 2020 11:27am Mar 2, 2020 11:27am
Quoting tes724
- Fixed overlapping Fibo leves when EntryFactor was set to 0.0 - Fixed overlapping SL Fibo level when EntryFactor was set to 0.0 - Changes to Fibo levels showing ratio instead of TP1, 2, 3 etc... - Minor default color settings. {image} {file}
The R;R are correct as long as you are entering at the first break of the Low or High. If you are trading the Entry Sell Stop and Entry Buy Stop breaks then you are no longer getting a true 1:1 rr....etc.
  • #710
  • Mar 2, 2020 11:32am Mar 2, 2020 11:32am
Anyone given any thought to filters to try and trade the trend and also take profit strategy. Apologies if I have missed or forgotten a previews post. Both may be irrelevant.
  • #711
  • Mar 2, 2020 11:39am Mar 2, 2020 11:39am
Quoting Spikehunter
Anyone given any thought to filters to try and trade the trend and also take profit strategy. Apologies if I have missed or forgotten a previews post. Both may be irrelevant.
I think this strategy might be best served as a basket strategy. Enter as many pairs that you see fit per your pre trade entry analysis. Then once set up all your trades you then track your overall %'s and close them all at the same time once your overall TP% has been reached. Then be finished for the week and start again the following week.
  • #712
  • Mar 2, 2020 11:41am Mar 2, 2020 11:41am
Quoting bojack34
{quote} The R;R are correct as long as you are entering at the first break of the Low or High. If you are trading the Entry Sell Stop and Entry Buy Stop breaks then you are no longer getting a true 1:1 rr....etc.
Not sure what you're referring to here, but the chart looks ok to me.

tes724 hasn't changed how it works, just tidied up the presentation.
"Pips are vanity. Profit is sanity."
  • #713
  • Mar 2, 2020 11:45am Mar 2, 2020 11:45am
Quoting PaulDV
{quote} Not sure what you're referring to here, but the chart looks ok to me. tes724 hasn't changed how it works, just tidied up the presentation.
I'm not sure how else to put it. (not being rude) There are 2 potential entries. 1) at the exact High or Low of the range....or.....2) at the "Entry Sell Stop" and "Entry Buy Stop". If you measure in pips the distance from entry #2 then the distance is not 1:1 r:r. It is however 1:1 from entry #1. I could be wrong, i've been wrong before. Just ask my wife.
  • #714
  • Mar 2, 2020 12:08pm Mar 2, 2020 12:08pm
Quoting T4Trade
{file}
Details please and or screenshot
  • #715
  • Mar 2, 2020 12:26pm Mar 2, 2020 12:26pm
Quoting bojack34
{quote} The R;R are correct as long as you are entering at the first break of the Low or High. If you are trading the Entry Sell Stop and Entry Buy Stop breaks then you are no longer getting a true 1:1 rr....etc.
As long as you keep SL to 0.5 it will follow as you move your entry and allways display the RR correct. Try messure the pips. I cant make it fail...

Entry at 0.0:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB


Entry at 0.15
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 29 KB
  • #716
  • Mar 2, 2020 12:38pm Mar 2, 2020 12:38pm
Quoting bojack34
{quote} I'm not sure how else to put it. (not being rude) There are 2 potential entries. 1) at the exact High or Low of the range....or.....2) at the "Entry Sell Stop" and "Entry Buy Stop". If you measure in pips the distance from entry #2 then the distance is not 1:1 r:r. It is however 1:1 from entry #1. I could be wrong, i've been wrong before. Just ask my wife.
Maybe an optical illusion - if you measure the distances they are correct.
"Pips are vanity. Profit is sanity."
  • #717
  • Mar 2, 2020 1:16pm Mar 2, 2020 1:16pm
Quoting tes724
{quote} As long as you keep SL to 0.5 it will follow as you move your entry and allways display the RR correct. Try messure the pips. I cant make it fail... Entry at 0.0: {image} Entry at 0.15 {image}
One swallow doesn't mean its summer. Keep trying it will fail eventually, trust me. But the gains may outweigh the losses.
  • #718
  • Mar 2, 2020 1:30pm Mar 2, 2020 1:30pm
Quoting PaulDV
{quote} Maybe an optical illusion - if you measure the distances they are correct.
My wife is right.
  • #719
  • Mar 2, 2020 3:26pm Mar 2, 2020 3:26pm
Quoting bojack34
{quote} My wife is right.
lol
"Pips are vanity. Profit is sanity."
  • #720
  • Mar 2, 2020 4:51pm Mar 2, 2020 4:51pm
Quoting spikehunter
{quote} details please and or screenshot
i was asking oxoff to shre the indcator in yellow in his video clip.

Has anyone got current weekly hilo indicator or weekly tf indicator to attach on 1h chart ?
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