Simple Monday-Tuesday System (attached calculator)

Good job spike....go on.

Hello everyone , this strategy looks really good, can i get this "Day of week" indicator for mt5 so i can test run it
thanks

I am staying flat this week. Please remember that being on the sidelines with flat position is much better than being (forcefully) in the market in a losing position.
You may want to consider Gold and Oil and Natural Gas instead of currencies this week. Just my 2 cents

You don't really need the indicator that you're referring to - just use the Fibonacci Retracement tool in MT5 (it works the same way on both MT4 and MT5).

I have sorted the price precision for each pair so thats all ok. Just one more issue to sort this evening with order timings so that every order gets opened. I have a solution more or less just needs a bit more testing. Of to play Table Tennis.

I challenge you out there in table tennis

there is a dashboard of ADR of all pairs created by hanover i think,we can change that dashboard to show the AWR of all pairs and trade those pairs ,not reached AWR,we can add AMR as well.

This week the market is trading in the weekly/monthly range I don't expect much from this week as per break out. Good luck to us all

NON FARM IS ALSO ON FRIDAY,So may be next week there will be opportunities,so trade safe and have patience for good trade setups,lets share next week opportunities,if someone can plz telegram channel of this strategy,that will be helpful.thnks

Anytime

Many thread is on london breakout or motu breakout,so the MM have become smarter,they are playing all the tactics against retail traders hahhaha

only two trade up now



Attachment g

been testing the strategy for a while with money management. Last week risking 1 percent for each trade on 30 pairs plus xauusd, made 43 percent in one single week. my rules are like yours, i open position at 25 percent of the range a leave it open until friday at 20. when an asset reach my buy/sell stop i delete the other order. happy to try this week because probably ranges like this made only on monday and tuesday are the worst condition for this strategy because even if it takes the order, it's difficul to earn high rr. however would be interesting to see how this strategy reacts this week. will take you updated.
Leo

First here is an EA that will,I trust, open all Pending Orders for the 26 pairs its designed for.


I said I would use version numbers then realised you would have to go through the laborious task of re-adding to each chart.

There have been a few challenges in opening 52 simultaneous orders and I can't say I am 100% happy with the solution, although it certainly works.

Also once you have a Pending order for both Long and Short all you can do is wait for a break to go live. You have therefore no further control, other than manual deleting the order, to decide if the break is real or if there is any trend or price has reached a resistance point ,pivots etc,etc. You name it its all out there.

This is what makes developing an EA very useful. You have to think of ALL the eventualities because the computer won't do it for you and "rules is rules".

I'll leave it as it is for now and those interested in trying it can do so and we can think if this is the best way forward. I am going to diverge slightly as I can code the differences in and use a another method of breakout. I will let you know.

I can't try it, then I would have to keep the computer on

My PC's run 24*5 occasionally being turned off Sat/Sun, although they are on some of that time.
As per my note once the orders are placed they will be on the brokers server and then they will need to be monitored for any breakout as you would even if the orders were placed manually. Would adding the stop losses and take profits help, perhaps. I could add that easily.

A better solution, to me, would be to define a breakthrough strategy of the upper/lower levels and then send an email. First this would negate the massive order entry issues which I had, and resolved, and it would allow you to manage each trade as they happened.

I have added SL & TP into the EA. That means just run it , when all orders are opened turn it off.
I havent tested it yet and I am going to called for dinner. I'll check back later.

No one noticed that the 4 least movements are GBP pairs, which this method is based on?

Quite ironic

[attach]I_Close I've just close this trade in profit, only manually trading these,
buy or sell when the body of the candle crosses the entry line.
I am not taking it when it is just the tale of the candle.




I've just closed all my other trade-in profit all manually,
I'm keeping this system very simple,
I draw two purple lines on the high and low on Monday and Tuesday,
it is then a waiting game, I wait till the body of the candle as crossed my purple lines,
I then place my trade 250 points from my purple lines.
I don't have to worry about canceling any other orders.
And only take four pairs which I have looked at since Monday
This is the first time I've done this. The profit was £207 that it till next Tuesday.
The only expert advisor I use is this one that puts my stop and takes profit
which I've already set up. Simple as that