Simple Monday-Tuesday System (attached calculator)

A very complete EA PaulDV, thanks so much for it. I will test it and let you know how it went. Good luck this week everyone!

A bit like your comment

Please advise your definition of “Wednesday”

️

Let's see what this week will bring to us
Good luck, folks.

No problem in arguing, it's quarantine time so for this once we all have enough time anyway hehe.

But I understand the logic, ofcourse a really small account it doesn't matter. But then again the real trading (the fulltimejob type) is not really done on small accounts no matter what people might argue against this.

all that aside, in extreme news events the size does definitely matter. Your loss is still smaller in that situation, because you traded less volume. Losing 5% of equity 10 times over makes a 50% loss, losing 0.5% of equity 10 times over makes a 5% loss only. But perhaps most importantly losing a 5% position 100 times over makes a 500% loss and this can (and on many occasions has )definitely happen(ed) to people

I would have thought you of all people would have known that. I'm surprised you even asked the question.

Thank you, and good luck for the week. I hope it serves you well.

Good week to you, too. How did you manage to place orders without TP? I can't find this EA.
I noticed that you don't use all currencies like why?
Thank you

I compared your pending orders with my charts and it seems that you sometimes use 15% entry and sometimes 25% entry. Can you explain, why?
Perhaps this is because of different broker times and therefore different daily candles.

I do, it was in the picture, and you said it was irrelevant

You hurt my 1 feeling

Hi team just put in my orders all looks fine but the entry for GBP/AUD seems too far away can someone please give me the numbers they have so I can compare. i amusing the original spreadsheet

Happy sole.

Please if i may suggest,make a telgram channel where we can share the setup pairs ,it will be more interactive,dont forget to add me,thanks.

Here's an update to some stats I got from doing a visual backtest using Swingman's indicator for the last 52 weeks. Obviously these aren't exact but I feel they are reasonably close.



GBPUSD: (+10% +/-)

1:1 was reached 18 times
2:1 was reached 6 times
SL was hit 8 times at 50% of the range
SL was hit 3 times at 100% of the range
No Trade 10 times
Break Even 6 times
Small Loss at close on Friday 4 times
Small Win at close on Friday 6 times


EURUSD: (+11% +/-)

1:1 was reached 22 times
2:1 was reached 10 times
SL was hit 11 times at 50% of the range
SL was hit 1 time at 100% of the range
No Trade 9 times
Break Even 6 times
Small Loss at close on Friday 0 times
Small Win at close on Friday 6 times


USDJPY: (+6% +/-)

1:1 was reached 18 times
2:1 was reached 4 times
SL was hit 12 times at 50% of the range
SL was hit 5 times at 100% of the range
No Trade 10 times
Break Even 5 times
Small Loss at close on Friday 3 times
Small Win at close on Friday 5 times


UDSCAD: (+7% +/-)

1:1 was reached 16 times
2:1 was reached 9 times
SL was hit 9 times at 50% of the range
SL was hit 4 times at 100% of the range
No Trade 16 times
Break Even 8 times
Small Loss at close on Friday 1 times
Small Win at close on Friday 2 times


AUDUSD: (+8% +/-)

1:1 was reached 17 times
2:1 was reached 6 times
SL was hit 9 times at 50% of the range
SL was hit 3 times at 100% of the range
No Trade 17 times
Break Even 4 times
Small Loss at close on Friday 3 times
Small Win at close on Friday 4 times


NZDUSD: (+9% +/-)

1:1 was reached 22 times
2:1 was reached 7 times
SL was hit 13 times at 50% of the range
SL was hit 7 times at 100% of the range
No Trade 11 times
Break Even 2 times
Small Loss at close on Friday 1 times
Small Win at close on Friday 3 times


GBPJPY: (+6% +/-)

1:1 was reached 18 times
2:1 was reached 4 times
SL was hit 12 times at 50% of the range
SL was hit 2 times at 100% of the range
No Trade 12 times
Break Even 0 times
Small Loss at close on Friday 3 times
Small Win at close on Friday 7 times


GBPNZD: (-2% +/-)

1:1 was reached 9 times
2:1 was reached 3 times
SL was hit 11 times at 50% of the range
SL was hit 3 times at 100% of the range
No Trade 19 times
Break Even 4 times
Small Loss at close on Friday 2 times
Small Win at close on Friday 10 times



GBPAUD: (+5% +/-)

1:1 was reached 13 times
2:1 was reached 3 times
SL was hit 8 times at 50% of the range
SL was hit 4 times at 100% of the range
No Trade 18 times
Break Even 4 times
Small Loss at close on Friday 4 times
Small Win at close on Friday 6 times



GBPCAD: (+5% +/-)

1:1 was reached 16 times
2:1 was reached 6 times
SL was hit 11 times at 50% of the range
SL was hit 2 times at 100% of the range
No Trade 11 times
Break Even 7 times
Small Loss at close on Friday 3 times
Small Win at close on Friday 6 times



EURAUD: (+7% +/-)

1:1 was reached 14 times
2:1 was reached 4 times
SL was hit 7 times at 50% of the range
SL was hit 2 times at 100% of the range
No Trade 14 times
Break Even 11 times
Small Loss at close on Friday 3 times
Small Win at close on Friday 4 times



EURNZD: (+8% +/-)

1:1 was reached 18 times
2:1 was reached 4 times
SL was hit 10 times at 50% of the range
SL was hit 3 times at 100% of the range
No Trade 13 times
Break Even 8 times
Small Loss at close on Friday 2 times
Small Win at close on Friday 1 times



EURUSD +11% +/-
GBPUSD +10% +/-
NZDUSD +9% +/-
AUDUSD +8% +/-
EURNZD +8% +/-
USDCAD +7% +/-
EURAUD +7% +/-
USDJPY +6% +/-
GBPJPY +6% +/-
GBPAUD +5% +/-
GBPCAD +5% +/-
GBPNZD -2% +/-

*Remember the OP said that he either only trade GBP pairs or to mainly focus on GBP pairs. What little visual back testing i did for stats shows me differently.

I guess I'm going to start focusing on 7 Pairs with this strategy going forward. I will NOT trade GBP pairs except for GBPUSD. I will NOT trade CHF. I will NOT trade JPY. Here is a list of the pairs I will trade:


EURUSD
GBPUSD
NZDUSD
AUDUSD
EURNZD
USDCAD
EURAUD

Yes, you may.

theres a guy in here by ERE something??? been in my thread and said my strategy is in line with this. i can help you get in earlier as i use his fib if your interested. ill do zoom calls if neccesary

Thats the good stuff right there, nice work!

Anything you noticed while looking at all those trades? any patterns, certain circumstances that made the trades better? That's usually where the juice is

If the edge is good enough as is you can trade it like this, just doing the best pairs might be enough for a prolonged edge. But usually when looking at a lot of trades you start to notice 'stuff' that makes certain trades a lot better over others, and then you can either increase equity on those trades. Personally when I find the extra edge those are then the only trades I take, no reason to trade anything other than the best setups.

the added edge could be anything; patterns, market circumstances, metadata etc.

Good luck!

And remember that you'll need a whole lot more data in order to really make it (like hundreds times more, both # of trades and variables per trade)

i dont mind opening,will traders join?

What is the main purpose of it?

What will it do that we can’t communicate here?

You need to state the mission clearly, the advantages.

This is not a scalping method, no need for speed, I don’t think any entries yet

Good luck

i may sound cynical,but this is not a new information to us that MM trap and go against the retail traders and this forum is very old and popular ,i am sure there would be many out here who would be studying most traders strategies and interests,so it would be good to create the private or more discreet group,that doesnt mean that they cant reach us,they have got each and all trades what we do and they sweep all of retialers,anyways!

the other purpose was to share setups ,i.e 36 pairs,so traders may communicate in real time,FFx is not that chatter friendly as trading view or skype or telegram right?