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Simple Monday-Tuesday System (attached calculator)

  • #801
  • Mar 5, 2020 5:12am Mar 5, 2020 5:12am
Quoting zoraxfx
spike...the code of SMC EA Basic is working for the most of pairs so I don't understand why the code is not working for the others ???? Your EA is perfect to me.....currently it opened 4 trades according to the rules so you have to check AUDUSD,AUDCAD,EURAUD,USDCHF... about TP and SL , we'll see later maybe if you can provide the mq4 , we'll be able to help you regards
Hi zoraxfx,
Thanks for the reply and sorry for the error. It does work except I had put a line of code in to stop it trading while I tested it. It kept opening hundreds, i mean over 450 orders, while I was running it so I needed to pause it while I cured the issue. I think its ok now but will use the next 2 days to thoroughly check it. While I am doing that you could let me know what you want for StopLoss and Profit levels. Do you also want One Order Cancels the other. Anything else? A Moving Average filter. I use weighted and weighted close which is very close to a standard deviation model, although it doesn't repaint its very close over 6 bars.
I happy to continue as this is different to my other ideas and gives me some learning opportunity.

PS I have also added a facility to CLOSE ALL orders Buys,Sells, BUYSTOP, SELLSTOP by setting the CloseALLOrders GlobalVariable found in the Tools menu.
  • #802
  • Mar 5, 2020 5:27am Mar 5, 2020 5:27am
Quoting here2there
{quote} Doubtful. I put together a set of rules for an EA that isn't dependent on this strategy but would work quite well with it. A very powerful EA. Nobody is interested. You can find it here.
In the list of 'rules' that you specified, number 1 IS pretty much linked to this strategy.

Regarding the rest of the rules - these are purely trade management functions, and there are many trade manager EAs out there that do all of these things and more.

Nothing you have suggested is 'powerful'.
"Pips are vanity. Profit is sanity."
  • #803
  • Mar 5, 2020 5:35am Mar 5, 2020 5:35am
So far so good GBP pairs are working for this strategy this week
  • #804
  • Mar 5, 2020 5:49am Mar 5, 2020 5:49am
Quoting PaulDV
{quote} In the list of 'rules' that you specified, number 1 IS pretty much linked to this strategy. Regarding the rest of the rules - these are purely trade management functions, and there are many trade manager EAs out there that do all of these things and more. Nothing you have suggested is 'powerful'.
Agreed!
  • #805
  • Mar 5, 2020 5:54am Mar 5, 2020 5:54am
Quoting Erebus
{quote} No one noticed that the 4 least movements are GBP pairs, which this method is based on? Quite ironic
Erebus - Just got interested in some of these posts. Is my posted chart correct in setting out Mon + Tues high/low trading box ( I have left out your extra margin, of X pips before trade is triggered, for ease of posting) ?
Attached Image (click to enlarge)
Click to Enlarge Name: MonTues.png Size: 481 KB
every Saint has a past. Every Sinner has a Future
  • #806
  • Mar 5, 2020 6:07am Mar 5, 2020 6:07am
CAD pairs are breaking out to the top side .. anyone in those ??
  • #807
  • Mar 5, 2020 6:11am Mar 5, 2020 6:11am
Quoting turnip15
{quote} Erebus - Just got interested in some of these posts. Is my posted chart correct in setting out Mon + Tues high/low trading box ( I have left out your extra margin, of X pips before trade is triggered, for ease of posting) ? {image}
What of if the market JUST want to retest the high and come down again, without the X margin, what is your thought about this.
  • #808
  • Mar 5, 2020 6:14am Mar 5, 2020 6:14am
Quoting oluwagbenga
{quote} What of if the market JUST want to retest the high and come down again, without the X margin, what is your thought about this.
I don't think - just sit and wait.
every Saint has a past. Every Sinner has a Future
  • #809
  • Mar 5, 2020 6:25am Mar 5, 2020 6:25am
Quoting turnip15
{quote} Erebus - Just got interested in some of these posts. Is my posted chart correct in setting out Mon + Tues high/low trading box ( I have left out your extra margin, of X pips before trade is triggered, for ease of posting) ? {image}
Looks good to me
"Pips are vanity. Profit is sanity."
  • #810
  • Mar 5, 2020 7:03am Mar 5, 2020 7:03am
Well with this week's experiment Monday and Tuesday trading Wednesday now behind us.
There were 7 pairs that I picked out that did not break the Monday Tuesday entry lines,
what I notice with these seven pairs only two of them broke the Wednesday candle.
Perhaps in future for those of us who are manually trading. We could put lines on the high and low of the Wednesday candle, just to give us something to do.
AUD/USD
EUR/AUD
GBP/JPY
USD/JPY
EUR/GBP
AUD/JPY
EUR/CHF
PS
I don't count the Candlewick as a breakthrough.
  • #811
  • Mar 5, 2020 7:07am Mar 5, 2020 7:07am
Quoting PaulDV
{quote} In the list of 'rules' that you specified, number 1 IS pretty much linked to this strategy. Regarding the rest of the rules - these are purely trade management functions, and there are many trade manager EAs out there that do all of these things and more. Nothing you have suggested is 'powerful'.
It's nasty comments from people like you that is making me strongly consider leaving this forum.

Yes, there are other EAs out there, loaded with all kinds of unnecessary stuff. But this EA idea of mine has the right combination of rules, making it simple and effective. And that does make it powerful. You just don't see that because you don't understand it.

There are also conditions in this EA that I have not seen in other EAs, such as the candle body close stop, which by the way, is a very powerful stop loss. But you don't see that, because you don't understand how useful a stop loss of this kind is and how much more effective it is compared to a basic stop loss.

Now instead of giving snide remarks, why don't you do something productive, like provide a real solution for the people in here who are looking for a trustworthy EA to use with this strategy? I haven't seen you do that yet.
Learn from your mistakes and march on.
  • #812
  • Mar 5, 2020 7:07am Mar 5, 2020 7:07am
Quoting oluwagbenga
{quote} What of if the market JUST want to retest the high and come down again, without the X margin, what is your thought about this.
Exactly my earlier point. If you don't have any consideration of Momentum or this area may be a point of Resistance Hi's but no closes above then you are asking for he price to fall back. This is something to consider adding, IMHO.
  • #813
  • Mar 5, 2020 7:08am Mar 5, 2020 7:08am
Quoting bojack34
{quote} Agreed!
Of course you do.
Learn from your mistakes and march on.
  • #814
  • Mar 5, 2020 7:09am Mar 5, 2020 7:09am
Quoting redfan
Well with this week's experiment Monday and Tuesday trading Wednesday now behind us. There were 7 pairs that I picked out that did not break the Monday Tuesday entry lines, what I notice with these seven pairs only two of them broke the Wednesday candle. Perhaps in future for those of us who are manually trading. We could put lines on the high and low of the Wednesday candle, just to give us something to do. AUD/USD EUR/AUD GBP/JPY USD/JPY EUR/GBP AUD/JPY EUR/CHF PS I don't count the Candlewick as a breakthrough.
HaHa I don't need anything else "to do". I play Golf twice a week, Table Tennis three times a week, and my Garden takes a lot of time , my house I am decorating. Drawing lines for something to do I can do without.
  • #815
  • Mar 5, 2020 7:11am Mar 5, 2020 7:11am
Quoting here2there
{quote} It's nasty comments from people like you that is making me strongly consider leaving this forum. Yes, there are other EAs out there, loaded with all kinds of unnecessary stuff. But this EA idea of mine has the right combination of rules, making it simple and effective. And that does make it powerful. You just don't see that because you don't understand it. There are also conditions in this EA that I have not seen in other EAs, such as the candle body close stop, which by the way, is a very powerful stop loss. But you don't see that, because...
I really thought we had gotten past this issue. Lets forget forgive and move on. We are alltrying to achieve the same goal, I think.
  • #816
  • Edited 7:26am Mar 5, 2020 7:11am | Edited 7:26am
Quoting PaulDV
{quote} 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).
What is your problem? Who are you to tell people what they don't need? If people want something, then let them have it.
Learn from your mistakes and march on.
  • #817
  • Mar 5, 2020 7:15am Mar 5, 2020 7:15am
Quoting Spikehunter
{quote} I really thought we had gotten past this issue. Lets forget forgive and move on. We are alltrying to achieve the same goal, I think.
No, my friend. Some people in this forum are not here to get along with others and to achieve the same goal. I have had encounters with a number of people in this place who really shouldn't be here.
Learn from your mistakes and march on.
  • #818
  • Mar 5, 2020 7:44am Mar 5, 2020 7:44am
Quoting here2there
{quote} It's nasty comments from people like you that is making me strongly consider leaving this forum. Yes, there are other EAs out there, loaded with all kinds of unnecessary stuff. But this EA idea of mine has the right combination of rules, making it simple and effective. And that does make it powerful. You just don't see that because you don't understand it. There are also conditions in this EA that I have not seen in other EAs, such as the candle body close stop, which by the way, is a very powerful stop loss. But you don't see that, because...
Wow! Just wow!

I didn't think that my comments were "nasty", but it would seem I was wrong. In fact, I thought I was rather restrained and polite! But, if you think my comments really were nasty, then you haven't been on the internet for very long have you? In which case, maybe you should leave?

There you go again with the "powerful" claim. Seriously? Candle body close stop? Again, nothing new - and yes, I DO understand how this works - I have coded the very opposite for entries into my EA, thank you. You haven't define anything in your list that I haven't seen in other EAs.

As for not being productive, I think the glass houses rule applies here - you haven't contributed anything except bleat on about your precious copyrighted EA that you have no idea how to create. Meanwhile, I have provided a very useful indicator to this thread, and I also have an EA already coded which I will be sharing shortly. Feel free to sue me when you see that it contains some of your allegedly "copyrighted" ideas.

If you don't want people to criticise your ideas, then simply stop banging on about your blessed EA...as you said, nobody is interested.
"Pips are vanity. Profit is sanity."
  • #819
  • Mar 5, 2020 7:48am Mar 5, 2020 7:48am
Quoting PaulDV
{quote} Wow! Just wow! I didn't think that my comments were "nasty", but it would seem I was wrong. In fact, I thought I was rather restrained and polite! But, if you think my comments really were nasty, then you haven't been on the internet for very long have you? In which case, maybe you should leave? There you go again with the "powerful" claim. Seriously? Candle body close stop? Again, nothing new - and yes, I DO understand how this works - I have coded the very opposite for entries into my EA, thank you. You haven't define anything in...
There you go again. You apparently lack self-control.
Learn from your mistakes and march on.
  • #820
  • Mar 5, 2020 7:51am Mar 5, 2020 7:51am
Quoting here2there
{quote} What is your problem? Who are you to tell people what they don't need? If people want something, then let them have it.
It would appear that I'm not the one with the problem.

I was trying to be helpful and steer the guy in the direction of what would help him the most...it's called advice...he doesn't have to take it.

Anyway, if you feel so strongly that he wants the indicator he's asking about, why haven't you jumped to his assistance? Again, glass houses spring to mind.
"Pips are vanity. Profit is sanity."
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