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Simple Monday-Tuesday System (attached calculator)

  • #721
  • Mar 2, 2020 5:15pm Mar 2, 2020 5:15pm
Quoting bojack34
{quote} My wife is right.
Size DOES matter lol
  • #722
  • Edited 2:33am Mar 3, 2020 1:21am | Edited 2:33am
I would like to share another great tool with you, that adds more info to your crosshair.
It calculates estimated profit/loss for a giving lot size, just by dragging the pip distance.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 47 KB


2 files is needed:
- Profitmeter.mq4 (goes to the indicator folder)
- ProfitMeter.mqh (goes to the the ".../MQL4/Include/" folder)

Add indicator to the chart.
Attached File(s)
File Type: mq4 ProfitMeter.mq4   7 KB | 372 downloads
File Type: mqh ProfitMeter.mqh   6 KB | 370 downloads
  • #723
  • Edited 1:45am Mar 3, 2020 1:30am | Edited 1:45am
UPDATE: MoTu_Fibo_Breakout_indi_v1.2

- Added the ability to turn of coloring of the boxes when it reaches max or min pip distance, set in the inputs.
Dont think it relevant for the strategy to color the box if it reaches a specific size. All JPY pairs get box sizes well above 100pips and will allways be marked as a "NO TRADE".

All these changes, is something that makes it better for my self and i will continue to evolve it until it fits my own needs. I just want to share my ideas, feel free to change anything that fits your own style and idea and puplish.
Attached File(s)
File Type: mq4 MoTu_Fibo_Breakout_indi_v1.2.mq4   19 KB | 518 downloads
  • #724
  • Mar 3, 2020 2:16am Mar 3, 2020 2:16am
Quoting tes724
UPDATE: MoTu_Fibo_Breakout_indi_v1.2 - Added the ability to turn of coloring of the boxes when it reaches max or min pip distance, set in the inputs. Dont think it relevant for the strategy to color the box if it reaches a specific size. All JPY pairs get box sizes well above 100pips and will allways be marked as a "NO TRADE". All these changes, is something that makes it better for my self and i will continue to evolve it until it fits my own needs. I just want to share my ideas, feel free to change anything that fits your own style and idea and...
Tes, can u check your pm pls

Btw thanks for the indi works a treat..
  • #725
  • Mar 3, 2020 2:50am Mar 3, 2020 2:50am
Quoting tes724
UPDATE: MoTu_Fibo_Breakout_indi_v1.2 - Added the ability to turn of coloring of the boxes when it reaches max or min pip distance, set in the inputs. Dont think it relevant for the strategy to color the box if it reaches a specific size. All JPY pairs get box sizes well above 100pips and will allways be marked as a "NO TRADE". All these changes, is something that makes it better for my self and i will continue to evolve it until it fits my own needs. I just want to share my ideas, feel free to change anything that fits your own style and idea and...
The intention of the colouring is to warn you when the range is either too large or too small. You can remove the colouring simply by setting the min and max box sizes to zero and 1000.

I would prefer it to be in as I plan on adding the ADR/ATR check mentioned earlier in the thread as I think this would be a good visual warning when the range is getting too large.
"Pips are vanity. Profit is sanity."
  • #726
  • Mar 3, 2020 4:47am Mar 3, 2020 4:47am
Quoting Spikehunter
{quote} 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.
Thanks Mate..any plans on actually coding the ea to do backtest? Even though most times backtest can be useless but it can also help you gauge profitability.
Read in between the price!!!
  • #727
  • Mar 3, 2020 6:07am Mar 3, 2020 6:07am
Quoting calebfx
{quote} Thanks Mate..any plans on actually coding the ea to do backtest? Even though most times backtest can be useless but it can also help you gauge profitability.
I have more or less given up on strategy tester. I'm also not to sure how well it works with Pending orders. The other bit of SL & TP would also need to be defined which for the first version I have left to the traders discretion. That's why I built the script to output spreadsheet data, which can be found in the folder Files.
I may give it a go but probably won't be today as I have a bit on.
  • #728
  • Mar 3, 2020 6:16am Mar 3, 2020 6:16am
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}
Hello Paul
Thank you for the fibo indicator, I cannot work out why the indicator is showing one bar back as opposed to starting from 0 point on Monday.

Can you think of any reason, please see the chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.SBH4.png Size: 48 KB
Regards
  • #729
  • Mar 3, 2020 6:32am Mar 3, 2020 6:32am
Quoting howard
{quote} Hello Paul Thank you for the fibo indicator, I cannot work out why the indicator is showing one bar back as opposed to starting from 0 point on Monday. Can you think of any reason, please see the chart {image}
What does it look like on the H1 timeframe?
"Pips are vanity. Profit is sanity."
  • #730
  • Mar 3, 2020 6:49am Mar 3, 2020 6:49am
Quoting PaulDV
{quote} What does it look like on the H1 timeframe?
The same, shows one 1hr bar back
Normally there is no difference unless that one bar whether 4hr or 1hr has a higher high or lower low than the Mon-Tue range
Regards
  • #731
  • Mar 3, 2020 7:10am Mar 3, 2020 7:10am
Quoting howard
{quote} The same, shows one 1hr bar back Normally there is no difference unless that one bar whether 4hr or 1hr has a higher high or lower low than the Mon-Tue range
Sorry, I just realised that you're not using my indicator - that's the one from tes724.

@tes724 - could you take a look?
"Pips are vanity. Profit is sanity."
  • #732
  • Mar 3, 2020 8:06am Mar 3, 2020 8:06am
Quoting PaulDV
{quote} Sorry, I just realised that you're not using my indicator - that's the one from tes724. @tes724 - could you take a look?
This is how the same pair and periode look at my chart. Dont have to same problem..
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 84 KB
  • #733
  • Mar 3, 2020 9:26am Mar 3, 2020 9:26am
Quoting tes724
{quote} This is how the same pair and periode look at my chart. Dont have to same problem.. {image}
Could be a broker issue - it looks like a spread betting account, which means the broker is manipulating the price and candles.
"Pips are vanity. Profit is sanity."
  • #734
  • Mar 3, 2020 9:38am Mar 3, 2020 9:38am
Quoting PaulDV
{quote} Could be a broker issue - it looks like a spread betting account, which means the broker is manipulating the price and candles.
Yes that is what I think, maybe the gap between Friday close and Monday open
Regards
  • #735
  • Mar 3, 2020 10:14am Mar 3, 2020 10:14am
Quoting howard
{quote} Yes that is what I think, maybe the gap between Friday close and Monday open
Gaps between Friday and Monday are not unusual probably more usual. What about Sunday candle they cause havoc with daily systems.
  • #736
  • Mar 3, 2020 10:25am Mar 3, 2020 10:25am
Quoting T4Trade
{quote} 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 ?
This is not my video, I just fixed the url.
  • #737
  • Mar 3, 2020 11:08am Mar 3, 2020 11:08am
Quoting T4Trade
{quote} 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 ?
Attached File(s)
File Type: mq4 I_CloseDifference_TRO_MODIFIED_VERSION__1.mq4   56 KB | 221 downloads
  • #738
  • Mar 3, 2020 11:22am Mar 3, 2020 11:22am
Video?
  • #739
  • Edited 12:13pm Mar 3, 2020 11:27am | Edited 12:13pm
Quoting redfan
{quote} {file}
What is it you exactly want?
Something like this?
Only a test idea. Never thought of using indicators this way always used an EA. Don't worry where the lines are exactly drawn as its only Tuesday so its using Sun/Mon.
If its run tomorrow I hope they change.
I can modify tomorrow for you if you need more.


Attached File(s)
File Type: mq4 Test.mq4   4 KB | 232 downloads
  • #740
  • Mar 3, 2020 12:18pm Mar 3, 2020 12:18pm
Hi
With this system what is the ideal range ? Or do you guys just trade whatever the range is ? Reading the thread its seems people are using adr is there a excel calculator for this ?
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