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Simple Monday-Tuesday System (attached calculator)

  • #1,021
  • Mar 9, 2020 4:16am Mar 9, 2020 4:16am
Quoting redfan
{quote} 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, {image} {image}
Hi redfan,
That should stop that happening. Last weeks lines should stay until a new Wednesday is created. What do you think about having a programmed stop on Friday or do you want to leave the trades to run?

Attached File(s)
File Type: ex4 EA Daily Mon Tues v1.0.ex4   25 KB | 258 downloads


I'm off to do some real gambling at the horses today.
  • #1,022
  • Mar 9, 2020 4:23am Mar 9, 2020 4:23am
Quoting 0xff
I really want to remind everyone who is waiting for the appearance of new EA here. As you can see, they work on the principle of "day of week = 3" - this is wednesday, closing all orders on friday is "day of week = 5", with hours to close or open orders is the same things. This is not cleary right when you start testing it in the strategy tester. There are holidays on the market. For example, there may be no open market on wednesday at all, only monday, tuesday, thursday and friday. And It happens that there is no friday, i.e. the EA will not close...
Hi oxff,
Most weeks have a Wednesday and a Friday in them :-) I know what you mean.
Its an important point and it goes along with what to do with Sundays bars and Gaps like this week.
Most Bank Holidays in the UK are actually Mondays which could have an effect. I can't think of many that would effect Wednesday or Friday except Christmas and New Year. I realise other countries will be different.
I think that the user using the EA has to take some responsibility for when to use a system. I wouldn't be running over any holiday period.

Using an EA is a RISK at anytime. I like this strategy because you set the orders and then you can manage them manually. As per my other note part of my EA will be a dashboard to show open orders and their performance. Just want to get the basics done first.

I suggest we just keep forward testing which will prove the strategy and the EA's capability.
  • #1,023
  • Mar 9, 2020 4:30am Mar 9, 2020 4:30am
Quoting PhillipmC
{quote} Personally I don't know how anyone could trust live funds to a robot.. it's fine for testing but not on real funds.. the script U made is so easy to use and drop on a chart.. On another note Oxff do U mind posting your end of week data from Friday last week I'm currently putting together forward testing data and it would be useful.. thanks buddy
You have a very valid point.

I write EA's not quite all day long and I have had some horrible ones with massive losses due to programming errors.

This system however is fairly stable as it only places Pending Orders which can be checked quite quickly and there is a margin of price movement before they are executed.

It's everyone's own choice. I like the challenge of writing different code.

P.S. The EA captures data for the week and can be output to a spreadsheet. I am happy to do this for this week and going forwards if you want it.
Just let me know what data you want and I'll make sure its in their. At the moment we have Hi,Lo HiBreak,LoBreak, FriClose, I will add sl & tp.
  • #1,024
  • Mar 9, 2020 5:01am Mar 9, 2020 5:01am
Quoting Erebus
{quote} Okay, let’s solve this puzzle together, you’re in Nigeria, you have computer, you have internet I assume you went to school, and that you did mathematics there? So if, High is = 1 and Buy Entry = High +0.15, we get = +1.15 Therefore, Buy Entry to 50% = 0.65 Add 0.65 to 1.15 = +1.80 So if, Low is = 0 and Sell Entry = Low -0.15, we get = -0.15 Therefore, Sell Entry to 50% = 0.65 Subtract 0.65 from -0.15 = -_____ Are you with me, no more pictures until you solve a simple math
−0.15−0.65= - 0.8
  • #1,025
  • Mar 9, 2020 5:22am Mar 9, 2020 5:22am
Quoting redfan
{quote} 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, {image} {image}

Hi redfan,
Have a look at this and see what you think if you have time.

You need a full screen for this.

You need to put a chart up then add the blank indicator and EA.
It will give information on current positions and a way of navigating via buttons.
It does have trading and MM capabilities but I have disabled them as they don't follow the current rules.

Just R&D at the moment. Open a trade add sl & tp and it will display position. It will also show pending with a "T"


Attached File(s)
File Type: ex4 SMC EA Ultimate No Trading or MM.ex4   71 KB | 267 downloads

Attached File(s)
File Type: ex4 Blank.ex4   6 KB | 230 downloads



which team are you a red fan of?
  • #1,026
  • Mar 9, 2020 5:38am Mar 9, 2020 5:38am
Oxff is right; here is the reworked EA to be able to choose the day on which open orders are closed; in "day of the week" display 3 for Wednesday, 4 for Thursday or 5 for Friday.
But the best as Spikehunter suggests in a short week is to do nothing and go on vacation ;-)
Good luck friends.
Attached File(s)
File Type: mq4 MoTu_System_v1.4_Close_Wed_Thu_or_Friday.mq4   8 KB | 385 downloads
  • #1,027
  • Mar 9, 2020 5:51am Mar 9, 2020 5:51am
Quoting oluwagbenga
{quote} −0.15−0.65= - 0.8
Exactly, the difference between High and Low is the 1 to the 0

So you will see that difference in the levels, although sell side is negative

eg. -0.80 / +1.80 and so on -1.45 / +2.45

add as many levels as you like, +0.65 and -0.65 each time

Very good
It takes a lot for me to IGNORE you, but you can try.
  • #1,028
  • Mar 9, 2020 6:28am Mar 9, 2020 6:28am
Quoting Erebus
{quote} Interesting, what was the trend for the GBPUSD before this week according to your determination? What are your rules once you “know” the trend? I am assuming that you only trade in the direction of the trend. Did you take any trade in GBPUSD? EDIT; checked your results, you had 2 Buy trades for GBPUSD, please explain the trend thing! Thanks
Hi @Erebus
Sorry reply late, the 1st trade I use candle pattern and daily trend breakout to entry, 2nd trade follow this system
  • #1,029
  • Mar 9, 2020 6:40am Mar 9, 2020 6:40am
Today is the hectic of Aussie and Kiwi with large move and have not any leading news, take care, folks
  • #1,030
  • Mar 9, 2020 8:51am Mar 9, 2020 8:51am
Today, many pairs have large move.(swing high low)
How can we set entry order on Wednesday, because I think that there is less chance for any pairs to be triggered.
Thank you
  • #1,031
  • Mar 9, 2020 10:42am Mar 9, 2020 10:42am
Quoting ckerdmon
Today, many pairs have large move.(swing high low) How can we set entry order on Wednesday, because I think that there is less chance for any pairs to be triggered. Thank you
If that's the case there won't be any trades. No trade is better than a bad trade. Its not wrong to sit and watch.
  • #1,032
  • Mar 9, 2020 11:57am Mar 9, 2020 11:57am
Monday and Tuesday this thread is very quiet
  • #1,033
  • Mar 9, 2020 1:00pm Mar 9, 2020 1:00pm
Quoting zoraxfx
Monday and Tuesday this thread is very quiet

I'm only looking at two pairs today what we possibly may be able to trade Wednesday,
EUR/CHF
EUR/GBP
I will be assessing the charts round about 6 am Wednesday morning,
I will not be switching EAs on before that time.
I did trade today two of my indicators gave me a buy situation on CAD/CHF,
I thought I did the wrong thing Because it when right against me,
But I stuck with it and ended up with a profit.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_5.png Size: 66 KB
  • #1,034
  • Mar 9, 2020 2:03pm Mar 9, 2020 2:03pm
Quoting redfan
{quote} I'm only looking at two pairs today what we possibly may be able to trade Wednesday, EUR/CHF EUR/GBP I will be assessing the charts round about 6 am Wednesday morning, I will not be switching EAs on before that time. I did trade today two of my indicators gave me a buy situation on CAD/CHF, I thought I did the wrong thing Because it when right against me, But I stuck with it and ended up with a profit. {image}
I'll put the EA on this evening on all 26 pairs and wait and see. It will at least be interesting to see what transpires. It will be a good test.
  • #1,035
  • Mar 9, 2020 2:03pm Mar 9, 2020 2:03pm
Quoting yieldplay
this week will be interesting given the vol over the past 2 days {image}
Do you have results on these pairs for last week? It would be interesting to see how they fared against the over stretched ADR's heading into Wednesday.
  • #1,036
  • Mar 9, 2020 5:19pm Mar 9, 2020 5:19pm
Quoting bojack34
{quote} Do you have results on these pairs for last week? It would be interesting to see how they fared against the over stretched ADR's heading into Wednesday.
just look at which pairs broke the high or low

what you doing all day

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-10 at 8.17.41 am.png Size: 175 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,037
  • Mar 9, 2020 5:24pm Mar 9, 2020 5:24pm
Quoting Erebus
{quote} just look at which pairs broke the high or low what you doing all day {image}
and if they reached 1:1 and or 2:1 or 3:1 etc.....or broke and retraced to other side before reaching 1:1. Stuff like that. It's time consuming. I thought maybe he was going to follow up on his initial research.
  • #1,038
  • Mar 9, 2020 5:33pm Mar 9, 2020 5:33pm
Quoting bojack34
{quote} and if they reached 1:1 and or 2:1 or 3:1 etc.....or broke and retraced to other side before reaching 1:1. Stuff like that. It's time consuming. I thought maybe he was going to follow up on his initial research.
Give me a list of the datafields you want and I will have a look. I may have some time tomorrow. I would be interested in the final analysis.

eg:
High, Low, Hibreak, Lobreak, Fri lose etc..........
  • #1,039
  • Mar 9, 2020 6:30pm Mar 9, 2020 6:30pm
Quoting Spikehunter
{quote} Give me a list of the datafields you want and I will have a look. I may have some time tomorrow. I would be interested in the final analysis. eg: High, Low, Hibreak, Lobreak, Fri lose etc..........
I would think the important stats to keep would be.....size of range, if SL was hit or not, if TP was hit or not (clarify if it was 1:1 or 2:1 etc... I personally use % for everything but that isn't how this thread has been keeping track of wins and losses), broke and retraced to other side before reaching 1:1, what % the range was compared to the AWR at the start of Wednesday. These would be a good start. No need to over do it.
  • #1,040
  • Mar 10, 2020 12:07am Mar 10, 2020 12:07am
Do the Hokey Pokey

All turn around, confuse all traders



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-10 at 3.05.21 pm.png Size: 60 KB
It takes a lot for me to IGNORE you, but you can try.
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