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Simple Monday-Tuesday System (attached calculator)

  • #981
  • Mar 8, 2020 12:21pm Mar 8, 2020 12:21pm
fridayCancelingHour 17
entryRangePercentage 15
stopLossPercentage -50
takeProfitPercentage 130
cancelOppSidePendingOrder true
closingOrder true
  • #982
  • Edited 2:12pm Mar 8, 2020 1:41pm | Edited 2:12pm
@ transmat many thx for your contribution
this system sounds good

Strategy Tester Report
MoTu_System_v1.4_Close_Friday
GlobalPrime-Demo (Build 1260)

SymboleEURUSD (Euro vs US Dollar)
PériodeIntervalle Jour (D1) 2019.03.01 00:00 - 2020.03.07 00:00 (2019.03.01 - 2020.03.08)
ModeleChaque tick (la méthode la plus précise, basée sur toutes les informations de tous les timeframes)
Parametreslots=0.1; fridayCancelingHour=17; entryRangePercentage=15; stopLossPercentage=50; takeProfitPercentage=100; cancelOppSidePendingOrder=true; closingOrder=true; magicNumber="999"; timerInSeconds=300;
Barres en test1319Ticks modelés9630590Qualité du modelage90.00%
Erreurs des graphiques désaccordés0
Dépot initial3000.00EcartActuel (8)
Profit total net1064.28Profit brut1391.28Perte brute-327.00
Facteur de profit4.25Rémunération espérée22.64
Chute absolue30.72
Chute maximale239.92 (7.29%)
Enfoncement relatif7.29% (239.92)
Total des Trades47Positions SHORT (vente) gagnées %26 (84.62%)
Positions LONG (achat) gagnées %21 (76.19%)
Profits des Trades (% du total)38 (80.85%)
Pertes des Trades (% du total)9 (19.15%)
Le plus largegains par trade91.18pertes par trade-87.70
Moyennegains par trade36.61pertes par trade-36.33
Maximumgains consécutifs (profit en $)10 (326.71)pertes consécutives (perte en $)2 (-67.28)
MaximumGains consécutifs (coups gagnants)326.71 (10)Pertes consécutives (coups perdants)-87.70 (1)
Moyennegains consécutifs5Pertes consécutives1


Sorry for french language
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 8 KB
  • #983
  • Mar 8, 2020 2:55pm Mar 8, 2020 2:55pm
Quoting zoraxfx
@ transmat many thx for your contribution this system sounds good Strategy Tester Report MoTu_System_v1.4_Close_Friday GlobalPrime-Demo (Build 1260) SymboleEURUSD (Euro vs US Dollar) PériodeIntervalle Jour (D1) 2019.03.01 00:00 - 2020.03.07 00:00 (2019.03.01 - 2020.03.08) ModeleChaque tick (la méthode la plus précise, basée sur toutes les informations de tous les timeframes) Parametreslots=0.1; fridayCancelingHour=17; entryRangePercentage=15; stopLossPercentage=50; takeProfitPercentage=100; cancelOppSidePendingOrder=true; closingOrder=true; magicNumber="999";...
That looks good. Sorry all but I need to pull out as I won't have much spare time this week, as I am out several days, to do any dev work.
  • #984
  • Mar 8, 2020 3:10pm Mar 8, 2020 3:10pm
Quoting Spikehunter
{quote} That looks good. Sorry all but I need to pull out as I won't have much spare time this week, as I am out several days, to do any dev work.

Just a quick question, Will we have an up and running EA in place FOR Wednesday,
  • #985
  • Mar 8, 2020 3:31pm Mar 8, 2020 3:31pm
Quoting Spikehunter
{quote} That looks good. Sorry all but I need to pull out as I won't have much spare time this week, as I am out several days, to do any dev work.
God will bless you, just always remember that you have been able to touch life with your coding experience others are building on your foot print state bless wish to see you soon
  • #986
  • Mar 8, 2020 3:34pm Mar 8, 2020 3:34pm
Quoting zoraxfx
@ transmat many thx for your contribution this system sounds good Strategy Tester Report MoTu_System_v1.4_Close_Friday GlobalPrime-Demo (Build 1260) SymboleEURUSD (Euro vs US Dollar) PériodeIntervalle Jour (D1) 2019.03.01 00:00 - 2020.03.07 00:00 (2019.03.01 - 2020.03.08) ModeleChaque tick (la méthode la plus précise, basée sur toutes les informations de tous les timeframes) Parametreslots=0.1; fridayCancelingHour=17; entryRangePercentage=15; stopLossPercentage=50; takeProfitPercentage=100; cancelOppSidePendingOrder=true; closingOrder=true; magicNumber="999";...
Good work from you,
  • #987
  • Mar 8, 2020 3:43pm Mar 8, 2020 3:43pm
Quoting redfan
{quote} Just a quick question, Will we have an up and running EA in place FOR Wednesday,
Yes, I will load it up later just want try it before when mkt opens
  • #988
  • Edited 4:18pm Mar 8, 2020 4:07pm | Edited 4:18pm
[quote=zoraxfx;12798247]@ transmat many thx for your contribution this system sounds good Strategy Tester Report MoTu_System_v1.4_Close_Friday GlobalPrime-Demo (Build 1260) SymboleEURUSD ]

Thank you zoraxfx but the real designer of the EA is sangui (see in the first posts).
I only added a few lines of code to close the current trade on Friday if desired.
However, I draw attention to a few points:
The backtest presented is attractive but the stoploss is not positioned on Hi Lo / 2 and displaying 100 for the TP, it does not respect the RR 2:1
For the stoploss, do not forget to display the minus sign (-) in front of 50.
I put 130 for the TP because the entry being at 15% of the box it is necessary to add them to the value of the stoploss which is here 50 (in%) the whole multiply by two to obtain RR 2:1.
If you want to enter with 25% you will have to display 150.
The results on the eurusd will be less spectacular but the DD will be lower.
We could therefore increase the size of the position to 0.15 and it will give this:

Strategy Tester Report
MoTu_System_v1.4_Close_Friday
Darwinex-Demo (Build 1260)

SymbolEURUSD (Euro vs US Dollar)
PeriodDaily (D1) 2019.03.01 00:00 - 2020.03.06 00:00 (2019.03.01 - 2020.03.15)
ModelEvery tick (the most precise method based on all available least timeframes)
Parameterslots=0.15; fridayCancelingHour=17; entryRangePercentage=15; stopLossPercentage=-50; takeProfitPercentage=130; cancelOppSidePendingOrder=true; closingOrder=true; magicNumber="999"; timerInSeconds=300;
Bars in test1264Ticks modelled17044985Modelling quality55.63%
Mismatched charts errors0
Initial deposit3000.00Spread10
Total net profit863.69Gross profit1591.41Gross loss-727.72
Profit factor2.19Expected payoff18.78
Absolute drawdown 5.01Maximal drawdown 250.60 (6.97%) Relative drawdown 6.97% (250.60)
Total trades46Short positions (won %)25 (68.00%)Long positions (won %)21 (61.90%)
Profit trades (% of total)30 (65.22%)Loss trades (% of total)16 (34.78%)
Largestprofit trade145.05loss trade-103.80
Averageprofit trade53.05loss trade-45.48
Maximumconsecutive wins (profit in money)5 (415.22)consecutive losses (loss in money)4 (-171.52)
Maximalconsecutive profit (count of wins)415.22 (5)consecutive loss (count of losses)-171.52 (4)
Averageconsecutive wins3consecutive losses2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 8 KB
  • #989
  • Mar 8, 2020 4:39pm Mar 8, 2020 4:39pm
I hope all traders read the Davit Pivots thread ?

https://www.forexfactory.com/showthr...9#post12798429

I got banned there because I couldn’t post weekly gains as they used to do

I never could see the logic of continually selling or buying at a level, while price was moving AGAINST YOU

Guess that’s why I’m a breakout trader, go with the flow

Hope you are too, and today is another great reason not to trade Monday and Tuesday

It takes a lot for me to IGNORE you, but you can try.
  • #990
  • Mar 8, 2020 5:53pm Mar 8, 2020 5:53pm
Quoting Erebus
I hope all traders read the Davit Pivots thread ? https://www.forexfactory.com/showthr...9#post12798429 I got banned there because I couldn’t post weekly gains as they used to do I never could see the logic of continually selling or buying at a level, while price was moving AGAINST YOU Guess that’s why I’m a breakout trader, go with the flow Hope you are too, and today is another great reason not to trade Monday and Tuesday
I have no tolerance for any of his stuff.
The market maker actively moves the Algo, searching for stops...long term stops get taken out undercover of news ...or at least that's my theory.
The Covid 19 was a perfect medium to take out those positions and plant new ones...
On the EURSD thread March 3rd I posted a chart showing a 3 year low taken out by just a few pips, then showed where the current stops are..... no comments, completely ignored of course, people shouting its going lower....nope...the stops are right there, plain as day.

Over on another thread a group have also been wiped out by following the guru...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Daily.png Size: 37 KB
  • #991
  • Mar 8, 2020 6:00pm Mar 8, 2020 6:00pm
Market has opened with some very big gaps. It made me think on how we should handle these. We generally ignore Sunday bars, there are only 2 so that's probably the answer for the time being. Suggestions please.

New version of
Attached File(s)
File Type: ex4 EA Daily Mon Tues v1.0.ex4   25 KB | 222 downloads


Current EA patrameters
extern double Percent=0.15;
extern int WhenToStopDay=5;
extern int WhenToStopHour=16;
extern int DayStart=3; Wednesday
extern int TrailingStop=0; not used yet

I have tested this as much as possible and I am confident its ok. As I said I will try next week to add some more functionality. If you use a PC with a full sized screen I have a dashboard which I will also add to the EA to manage the trades. I did load a screen shot some time ago and if any one is interested I will reload it again, probably Tuesday. I have changed the TP to the OP original 50% above/below break out levels and SL is set at 50% Hi/Lo.
You can test it by changing the daystart to anything below 3. Just try it on one or two pairs but don't forget to set it back on every pair you change.

Going forward I am going to add in lot size calculation based on account balance and risk appetite and make the SL/TP's configurable.
I also like the basket percentage close idea so that could be optionable.

Its not been a good weekend for me, I trust you all had better ones, but I look forward to next week with optimism

Any errors you notice please let me know and I will correct before Wednesday Open.

If I have upset anyone over the last couple of days please accept my apologies.
  • #992
  • Mar 8, 2020 6:00pm Mar 8, 2020 6:00pm
Quoting moodybot
{quote} I have no tolerance for any of his stuff. The market maker actively moves the Algo, searching for stops...long term stops get taken out undercover of news ...or at least that's my theory. The Covid 19 was a perfect medium to take out those positions and plant new ones... On the EURSD thread March 3rd I posted a chart showing a 3 year low taken out by just a few pips, then showed where the current stops are..... no comments, completely ignored of course, people shouting its going lower....nope...the stops are right there, plain as day. Over...
If I may ask, how are you finding those stops? Or are you assuming they are there because it seems logical to you? Are you using the order book provided by Oanda to locate them or some other tool?
Learn from your mistakes and march on.
  • #993
  • Mar 8, 2020 6:07pm Mar 8, 2020 6:07pm
Quoting transmat
Quoting zoraxfx
@ transmat many thx for your contribution this system sounds good Strategy Tester Report MoTu_System_v1.4_Close_Friday GlobalPrime-Demo (Build 1260) SymboleEURUSD ] Thank you zoraxfx but the real designer of the EA is sangui (see in the first posts). I only added a few lines of code to close the current trade on Friday if desired. However, I draw attention to a few points: The backtest presented is attractive but the stoploss is not positioned on Hi Lo / 2 and displaying 100 for the TP, it does not respect the RR 2:1 For
...

Even so the results for the system strategy are very encouraging. Last weeks trading also produced some good numbers. I am hopeful we can succeed with this one.
  • #994
  • Mar 8, 2020 6:10pm Mar 8, 2020 6:10pm
ezmonyfx Have you put your template on this thread it looks good
  • #995
  • Mar 8, 2020 6:16pm Mar 8, 2020 6:16pm
Quoting here2there
{quote} If I may ask, how are you finding those stops? Or are you assuming they are there because it seems logical to you? Are you using the order book provided by Oanda to locate them or some other tool?

I look to the left at the Daily tops and bottoms that have not been taken out...two or three close together shows where the Algo enticed traders to leave some cash.
Once price action has taken out the stops, what do they leave, fresh stops with fresh money... never ending circle.
In times of big news, Tsunami, Covid 19, Nuclear blow out they move the Algo to take out long term stops, almost a runaway market, creating new stops as they do so. There is always money left behind ready for another rainey day!
No amount of fibs etc drawn on a chart is going to help. Catches up with everyone eventually using those methods.
Again, just an agreement in response to Erebus, not looking to discuss for or against here.

Edit

Watching then take out a stop by a fraction of a pip has shown me how the game works. Thanks to George on that one.
  • #996
  • Mar 8, 2020 6:28pm Mar 8, 2020 6:28pm
Quoting Spikehunter
{quote}{quote} Even so the results for the system strategy are very encouraging. Last weeks trading also produced some good numbers. I am hopeful we can succeed with this one.

I have just put the EA on 4 charts it seems to be interfering with the indicators by deleting them,
the first picture shows you what my charts look like
the second picture is with the EA and the indicators have Gone
is this correct,

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 73 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.png Size: 61 KB
  • #997
  • Mar 8, 2020 6:28pm Mar 8, 2020 6:28pm
Quoting moodybot
{quote} I look to the left at the Daily tops and bottoms that have not been taken out...two or three close together shows where the Algo enticed traders to leave some cash. Once price action has taken out the stops, what do they leave, fresh stops with fresh money... never ending circle. In times of big news, Tsunami, Covid 19, Nuclear blow out they move the Algo to take out long term stops, almost a runaway market, creating new stops as they do so. There is always money left behind ready for another rainey day! No amount of fibs etc drawn on a...
Thank you for sharing that.
Learn from your mistakes and march on.
  • #998
  • Mar 8, 2020 6:51pm Mar 8, 2020 6:51pm
Quoting Erebus
I hope all traders read the Davit Pivots thread ? https://www.forexfactory.com/showthr...9#post12798429 I got banned there because I couldn’t post weekly gains as they used to do I never could see the logic of continually selling or buying at a level, while price was moving AGAINST YOU Guess that’s why I’m a breakout trader, go with the flow Hope you are too, and today is another great reason not to trade Monday and Tuesday
Breakout in the direction of the market moves is the way to go.
Determination + Persistence = Success
  • #999
  • Mar 8, 2020 7:03pm Mar 8, 2020 7:03pm
Quoting here2there
{quote} Thank you for sharing that.
This is interesting......
Another classic...Gap today, EURUSD...has to be filled...right?
Everybody knows that, the gap gets filled. All go short...yep generally true..but........it will get filled...but when..

OK, check the reason why the target of March 2017 was there..... and look to see how many pips they took it out by...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Gap 1.png Size: 31 KB
Click to Enlarge Name: EURUSD Gap Filled.png Size: 70 KB
  • #1,000
  • Mar 8, 2020 7:26pm Mar 8, 2020 7:26pm
Quoting moodybot
{quote} This is interesting...... Another classic...Gap today, EURUSD...has to be filled...right? Everybody knows that, the gap gets filled. All go short...yep generally true..but........it will get filled...but when.. OK, check the reason why the target of March 2017 was there..... and look to see how many pips they took it out by...
Agree, but this isn’t classic markets, even the age old advice to not hold over the weekend doesn’t apply to this method



It's safe

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-09 at 10.19.48 am.png Size: 186 KB
It takes a lot for me to IGNORE you, but you can try.
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