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Simple Monday-Tuesday System (attached calculator)

  • #1,261
  • Mar 15, 2020 5:37am Mar 15, 2020 5:37am
Quoting here2there
I've only tried to be helpful in this thread. But since people in here appear to find me annoying, I will go away. I wish you all the best.
There does sun to be one individual who believes he is above the rest. A very big ego. Best to ignore people like that and do your own thing.
  • #1,262
  • Mar 15, 2020 8:54am Mar 15, 2020 8:54am
Quoting Erebus
{quote} Thanks for testing and sharing. The loss on EURGBP was due to volatility swing, I got hit on real account and the demo in my trade explorer. The system actually got the direction correct, and a re-entry would have recovered the loss for break even or profit. See you next week. {image}
The 6th bar on the left from the upper arrow -where price actually closed over the buy/buffer ? line. Would you have bought over the break of that close ?
if so -that would be a profitable long?
The other candles seem to have spiked above that line then closed below it thus negating a trade until around the bar referred to above?

If I misunderstood then I apologise in advance.
every Saint has a past. Every Sinner has a Future
  • #1,263
  • Mar 15, 2020 10:49am Mar 15, 2020 10:49am
Not many about.
I will post my latest version of my spreadsheet. One week only but easily extendable to cover as many weeks as required.
I have also added the actual code should anyone be interested enough, not an .exe

Attached File(s)
File Type: csv MonTues_System.csv   4 KB | 239 downloads

Attached File(s)
File Type: mq4 MonandTues System script.mq4   6 KB | 294 downloads
  • #1,264
  • Mar 15, 2020 11:02am Mar 15, 2020 11:02am
Quoting Spikehunter
Not many about. I will post my latest version of my spreadsheet. One week only but easily extendable to cover as many weeks as required. I have also added the actual code should anyone be interested enough, not an .exe {file} {file}
Hi Spikehunter,
Is this one in place of the One you posted on the 14th?
  • #1,265
  • Mar 15, 2020 11:10am Mar 15, 2020 11:10am
Quoting redfan
{quote} Hi Spikehunter, Is this one in place of the One you posted on the 14th?
Yes I have changed it a bit and so all the calculations are done in the script. Just having an issue with the multi week one. But still working on it.
If you can please check through it and see if you agree. No need to do all the trades. The calcs don't take into account SL or TP. Its a bit raw at the moment.
I will only develop it further if I find it of use or someone else does.

I think that I am going to look at a better entry, SL & TP strategy. Next week I will let it run as is and develop a more considered approach to the former.

Hope you are having a good weekend. I have had a stinking cold.
  • #1,266
  • Edited 1:30pm Mar 15, 2020 11:20am | Edited 1:30pm
PLEASE NOTE THERE ARE ERRORS IN THE SPREADSHEET but hope you can see where I am going or at least trying to go


And here is multiweek. Only checked one to see if it was the same.
Please people if you are interested in driving a statistical approach to this please help and check this is giving the correct numbers.
5 weeks made over 8000 pips. During that time only 8 pairs hit both sides. Working on other stuff which I will post here. Anyone have any ideas what would be useful.

ALL PAIRS

TOTAL Pips
Long 3587.42
Short 4663.42

MAX
Long 429.75
Short 621.795

MIN
Long -116.955
Short -203.225

Attached File(s)
File Type: csv MonTues_System multi week.csv   20 KB | 231 downloads
  • #1,267
  • Mar 15, 2020 11:20am Mar 15, 2020 11:20am
Quoting Spikehunter
{quote} Yes I have changed it a bit and so all the calculations are done in the script. Just having an issue with the multi week one. But still working on it. If you can please check through it and see if you agree. No need to do all the trades. The calcs don't take into account SL or TP. Its a bit raw at the moment. I will only develop it further if I find it of use or someone else does. I think that I am going to look at a better entry, SL & TP strategy. Next week I will let it run as is and develop a more considered approach to the former. Hope...


I dropped it with the EA's but noticed it said script at the end,
so I put it in with the script folder is that correct,
I dropped it onto the page and nothing has happened, is that correct.
ps, a cold is not bad, it's the cough you don't want.
  • #1,268
  • Mar 15, 2020 11:58am Mar 15, 2020 11:58am
Inserted Video
Note: the key point is not to avoid using a stop loss, but to avoid using a tight stop loss.
Learn from your mistakes and march on.
  • #1,269
  • Mar 15, 2020 12:08pm Mar 15, 2020 12:08pm
Hello everyone
For cases where volatility is deemed too high on Monday for example, here is the modified EA to take into account only the day before for the calculation of the range, such as Tuesday or Wednesday ... according to an idea of redfan.
Attached File(s)
File Type: mq4 One_Day_System_v1.4_Close_Mon_Tue_Wed_Thu_or_Friday.mq4   8 KB | 290 downloads
  • #1,270
  • Mar 15, 2020 12:13pm Mar 15, 2020 12:13pm
Quoting here2there
https://www.youtube.com/watch?v=3G77VKiXEOoNote: the key point is not to avoid using a stop loss, but to avoid using a tight stop loss.
Good to see you are still here. Totally agree and I would also say not to put them in obvious places.
  • #1,271
  • Mar 15, 2020 12:45pm Mar 15, 2020 12:45pm
Request for help to coders,
would there be a condition to add for a BUYSTOP order to be executed only if the candle's closing is above the trigger level? (and vice versa for a SELLSTOP order)
Thank you in advance .
  • #1,272
  • Mar 15, 2020 12:53pm Mar 15, 2020 12:53pm
Quoting transmat
Request for help to coders, would there be a condition to add for a BUYSTOP order to be executed only if the candle's closing is above the trigger level? (and vice versa for a SELLSTOP order) Thank you in advance .
Once a BUYSTOP/SELLSTOP order is placed there is no further control available. This doesn't mean you can't achieve what you want. You would have to place a market order when the close, I assume a lower timeframe, has happened. Problem for some with this is that the EA would need to be continuously running and market orders don't always get filled at the level you thought i.e. slippage. Sometimes not at all "OffQuotes"

I must admit I am not keen on the Pending orders as any old spike can activate them and the idea of a clear breakthrough is my way of thinking, however at the moment I will stick with the current method until I get a clearer idea of the breakout strategy. Give me you ideas, clearly.
  • #1,273
  • Mar 15, 2020 1:10pm Mar 15, 2020 1:10pm
Quoting transmat
Hello everyone For cases where volatility is deemed too high on Monday for example, here is the modified EA to take into account only the day before for the calculation of the range, such as Tuesday or Wednesday ... according to an idea of redfan. {file}
Thanks a lot
  • #1,274
  • Mar 15, 2020 1:14pm Mar 15, 2020 1:14pm
Quoting transmat
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. {file}
I wanted to give you an idea to make EA more profitable, it would be when you reach 50% of the target, close half of the position and put the stoploss on the BE, I think there would have to be a message to warn you that you should use even lots.
Your collaboration is very good ...
  • #1,275
  • Mar 15, 2020 1:33pm Mar 15, 2020 1:33pm
Quoting redfan
{quote} I dropped it with the EA's but noticed it said script at the end, so I put it in with the script folder is that correct, I dropped it onto the page and nothing has happened, is that correct. ps, a cold is not bad, it's the cough you don't want.
Hi redfan. Correct. No it doesn't do anything except create a .csv file in the MQL4 File Folder. I am having some issues with the multi week so probably best to ignore for a day or two. It may work better as an EA when the market opens but getting the right data seems to be a problem. I will keep you posted.
  • #1,276
  • Mar 15, 2020 1:34pm Mar 15, 2020 1:34pm
Who are all these invisibles??? Are they ashamed of something????
  • #1,277
  • Mar 15, 2020 2:06pm Mar 15, 2020 2:06pm
Quoting Sorobanista
{quote} I wanted to give you an idea to make EA more profitable, it would be when you reach 50% of the target, close half of the position and put the stoploss on the BE, I think there would have to be a message to warn you that you should use even lots. Your collaboration is very good ...
Yes, you would have to use an even lot size for this. It's a good strategy when using the Average Daily Range as your first take Profit target. But I think it would be better to move the stop loss to at least 2 or 5 pips in profit to cover the spread.
Learn from your mistakes and march on.
  • #1,278
  • Mar 15, 2020 2:08pm Mar 15, 2020 2:08pm
Quoting Sorobanista
{quote} I wanted to give you an idea to make EA more profitable, it would be when you reach 50% of the target, close half of the position and put the stoploss on the BE, I think there would have to be a message to warn you that you should use even lots. Your collaboration is very good ...
I think if you want to make it more profitable then a more calculated entry and point is required. Although taking partial profits is one method for locking in some profit IMO all you are doing is limiting profit unless there is a rationale behind it.
  • #1,279
  • Mar 15, 2020 2:42pm Mar 15, 2020 2:42pm
Been lurking in the shadows for a while. Love the idea of the 2 day breakout. Weeding out the BS trades with some filters can be an enormous help. Enabling a hidden trailstop could be huge after one of the first 2 targets have been hit. Just my 2 cents. Happy trading this week, stay green!!!
Attached Image (click to enlarge)
Click to Enlarge Name: bandicam 2020-03-15 15-36-50-851.jpg Size: 406 KB
Happy Hunting!!!
  • #1,280
  • Mar 15, 2020 2:49pm Mar 15, 2020 2:49pm
Quoting BrianRay
Been lurking in the shadows for a while. Love the idea of the 2 day breakout. Weeding out the BS trades with some filters can be an enormous help. Enabling a hidden trailstop could be huge after one of the first 2 targets have been hit. Just my 2 cents. Happy trading this week, stay green!!! {image}
It looks like someone spilled some paint on the picture. No need for added filters. That's the beauty of this system. Nice and clean charts. No added BS. The only thing is needed is good money management so that the Strike rate is profitable. Which, with this strategy doesn't appear to be that hard to do. I personally, am NOT a fan of taking half the profits and letting the rest run. I like to have a TP target and taking FULL profits. I also like the idea of moving the SL to BE +1 or 2 to cover spread at some point in time of the trade.
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