Simple Monday-Tuesday System (attached calculator) | Page 70 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple Monthly System (see attached calculator) 48 replies

Excel simple risk calculator needed 10 replies

what if every free system is attached to a trading explorer? 28 replies

If it's such a great system, why isn't there a Trade Explorer attached? 261 replies

Simple Fx Calculator 1 reply

Attachments: Simple Monday-Tuesday System (attached calculator)
Exit Attachments

Simple Monday-Tuesday System (attached calculator)

  • #1,381
  • Mar 17, 2020 9:23pm Mar 17, 2020 9:23pm
Here is Fibonacci Lite settings for anyone new, struggling or just want it easy

Play with it until you get the gist of it, need to draw from up to down, or down to up

according to direction of pending order

good luck

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-18 at 12.17.19 pm.png Size: 352 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,382
  • Edited Mar 18, 2020 12:24am Mar 17, 2020 9:49pm | Edited Mar 18, 2020 12:24am
Quoting nevie2
{quote} 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....
Actually there was. I noticed that a good number of times price went back to the 50% SL almost to the pip....or very close. It might be helpful to use 55% of the range as your SL. If this adjust the TP a little shorter than 1:1 than that's ok because I seen the same thing with the TP......a little closer might be helpful. In hind sight I wish I would have written down the dates of all the SL's and went back to look at the charts on those days and look at the economic calendar as well to see if there was any correlation. I knew going into it that these stats weren't going to be exact...it's a good starting point. If I had some sort of indicator that did frequency distribution stats for me I would use it...ahha.....doing this stuff long hand is time consuming. I will start a excel SS and enter all this information for the past year and then continue keeping stats going forward on the 7 pairs i mentioned
  • #1,383
  • Mar 18, 2020 3:38am Mar 18, 2020 3:38am
Quoting PaulDV
MoTuBo_EA Version 1.0 Hi guys, Here's the first version of my EA for this strategy, which I have cued up for all pairs for this week to see how it goes. I've tested with the defaults and all is OK. I can't speak for all of the other options, but I will spend some time testing those in isolation shortly and make any necessary adjustments. By default: Entry is at 15% of range. Stop is at 50% of range. TP is 1 x Stop. Risk is 1% of the account balance per trade. The parameters ought to be fairly self-explanatory, but feel free to ask if you have any...
Thanks Paul for the share of this. I was just about to get my coder to code this one up, but this saved a job. Nice work and much appreciated.
  • #1,384
  • Mar 18, 2020 4:55am Mar 18, 2020 4:55am
Quoting PaulDV
MoTuBo_EA Version 1.0 Hi guys, Here's the first version of my EA for this strategy, which I have cued up for all pairs for this week to see how it goes. I've tested with the defaults and all is OK. I can't speak for all of the other options, but I will spend some time testing those in isolation shortly and make any necessary adjustments. By default: Entry is at 15% of range. Stop is at 50% of range. TP is 1 x Stop. Risk is 1% of the account balance per trade. The parameters ought to be fairly self-explanatory, but feel free to ask if you have any...
Great job! Any chance you will make it work in MT5?
  • #1,385
  • Mar 18, 2020 5:02am Mar 18, 2020 5:02am
MoTuBo_EA Version 1.01

A quick fix of a couple of issues, and I highly recommend that you use this one in preference to version 1.0

Fixes:

  1. The range continued to be recalculated after Tuesday close until an entry was made.
  2. Once a trade was open on one pair, it was stopping trades from being opened on other pairs.

Attached File(s)
File Type: ex4 MoTuBo_EA.ex4   142 KB | 323 downloads
"Pips are vanity. Profit is sanity."
  • #1,386
  • Mar 18, 2020 5:08am Mar 18, 2020 5:08am
Quoting Spikehunter
This is the EA I'm going with next week. It worked ok last week. I have added an auto close for Friday 20 hours and a CloseAll button. The 5/20 is configurable in the Global Variables or should be. Its not easy testing this type of EA that only runs once. It made a profit last week so lets hope this week is as good. The % break is also configurable but set initially at 15%. You should set this up before Wednesday morning. It won't do anything until the clock ticks over to the new day Good Hunting {file}
Hi, it's all today and yesterday that I try to insert your expert but it doesn't open pending orders.
can you help me?
  • #1,387
  • Mar 18, 2020 5:13am Mar 18, 2020 5:13am
Quoting dazamate
Howdy, Erebus guided me to this thread, and his passion for this trading method was over 9000 - I checked it out and decided to make some tools for him ready for when he gets his computer going. For me - it is 2 birds with one stone, as I have an extensive trade library that I needed to do some work on, so I used this trading strategy as a "guinea pig" for developing the library - since it is nice and mechanical. There seems to be some EA's n things being passed around in this thread, so I am a bit late to the party, but to my understanding most...
Hello Dazamate
Im using your EA (mt5 version), and the first order went smooth. But after that no more orders will open. I have tryed to change the magic number on all pairs, but still no luck. Even if it break the 15% mark, there wont be any open positions.
  • #1,388
  • Mar 18, 2020 5:17am Mar 18, 2020 5:17am
Quoting FrancescoDTM
{quote} Hi, it's all today and yesterday that I try to insert your expert but it doesn't open pending orders. can you help me?
Mine is working ok now its Wednesday. Have you got a smiley face top right corner. All 26 pairs have Pending or now actual orders running. Can you also see the button to CloseALL
  • #1,389
  • Mar 18, 2020 5:19am Mar 18, 2020 5:19am
Quoting PaulDV
MoTuBo_EA Version 1.0 Hi guys, Here's the first version of my EA for this strategy, which I have cued up for all pairs for this week to see how it goes. I've tested with the defaults and all is OK. I can't speak for all of the other options, but I will spend some time testing those in isolation shortly and make any necessary adjustments. By default: Entry is at 15% of range. Stop is at 50% of range. TP is 1 x Stop. Risk is 1% of the account balance per trade. The parameters ought to be fairly self-explanatory, but feel free to ask if you have any...
Thanks for the Ea.
I initially tried the Ea before commencement of Wednesday trading and the ea drew 2 lines on the chart and I had to remove it. I later attached the Ea on the chart few minutes into Wednesday's trading, only USDCHF trade was triggered and is already in profit before I left home.

From the my little test, I discovered that to use the Ea, one must either use VPS or allow ones' PC to remain on for some hours.

My question, must one attache the ea to individual chart?

Thanks for always willing to help
  • #1,390
  • Mar 18, 2020 5:27am Mar 18, 2020 5:27am
Quoting Spikehunter
{quote} Mine is working ok now its Wednesday. Have you got a smiley face top right corner. All 26 pairs have Pending or now actual orders running. Can you also see the button to CloseALL
Smiley face, and I see all the lines but the pendants don't start. Yesterday as soon as I entered the expert, some graphs started but then nothing more.

Smiley face, and I see all the lines but the pendants don't start. Yesterday as soon as I entered the expert, some graphs started but then nothing more.
Attached Image (click to enlarge)
Click to Enlarge Name: bug.png Size: 119 KB
  • #1,391
  • Mar 18, 2020 5:32am Mar 18, 2020 5:32am
Quoting Ican2020
{quote} Thanks for the Ea. I initially tried the Ea before commencement of Wednesday trading and the ea drew 2 lines on the chart and I had to remove it. I later attached the Ea on the chart few minutes into Wednesday's trading, only USDCHF trade was triggered and is already in profit before I left home. From the my little test, I discovered that to use the Ea, one must either use VPS or allow ones' PC to remain on for some hours. My question, must one attache the ea to individual chart? Thanks for always willing to help
Yes, you need to place the EA on each chart that you want to trade, and leave your PC on (or use a VPS).

The EA opens market orders, not pending orders, so you only get trades as and when they trigger.

The default trigger is when price touches the entry line, but you can drop the chart down to, say, M30 and set the "Enter on break and CLOSE" parameter to true, and it will then open a trade only when the price closes on or above the entry line.
"Pips are vanity. Profit is sanity."
  • #1,392
  • Mar 18, 2020 5:35am Mar 18, 2020 5:35am
Quoting tes724
{quote} Great job! Any chance you will make it work in MT5?
Sorry, but as of right now, I don't code for MT5...maybe later.
"Pips are vanity. Profit is sanity."
  • #1,393
  • Mar 18, 2020 5:38am Mar 18, 2020 5:38am
Quoting FrancescoDTM
{quote} Smiley face, and I see all the lines but the pendants don't start. Yesterday as soon as I entered the expert, some graphs started but then nothing more. Smiley face, and I see all the lines but the pendants don't start. Yesterday as soon as I entered the expert, some graphs started but then nothing more. {image}
In the terminal section look in the Experts and Journal to see if there are any errors. Something looks like it may be working as it says Orders 7 on the top. How many charts have you opened with the ea on. Also there is an option on the chart properties to show object descriptions. Right clk on Chart and select properties. select common and last one is the option.
  • #1,394
  • Mar 18, 2020 5:47am Mar 18, 2020 5:47am
Quoting Spikehunter
{quote} In the terminal section look in the Experts and Journal to see if there are any errors. Something looks like it may be working as it says Orders 7 on the top. How many charts have you opened with the ea on. Also there is an option on the chart properties to show object descriptions. Right clk on Chart and select properties. select common and last one is the option.
There are no mistakes.
At the moment I am using the expert who posted PaulDV a while ago
Attached Image (click to enlarge)
Click to Enlarge Name: object.png Size: 11 KB
  • #1,395
  • Mar 18, 2020 5:54am Mar 18, 2020 5:54am
Quoting FrancescoDTM
{quote} There are no mistakes. At the moment I am using the expert who posted PaulDV a while ago {image}
I'm sorry but if you are using the latest version, which looks like you are, then it should work.
  • #1,396
  • Mar 18, 2020 6:11am Mar 18, 2020 6:11am
Quoting Spikehunter
{quote} I'm sorry but if you are using the latest version, which looks like you are, then it should work.
I don't understand how it is possible. It is not the first expert I use.
Yesterday, as soon as I entered the chart, the expert put all pending orders on me. But then I saw that it was not working on certain assets and I decided to cancel everything.
Maybe it has remained in memory and is unable to open orders?
  • #1,397
  • Mar 18, 2020 6:31am Mar 18, 2020 6:31am
Quoting bojack34
{quote} Actually there was. I noticed that a good number of times price went back to the 50% SL almost to the pip....or very close. It might be helpful to use 55% of the range as your SL. If this adjust the TP a little shorter than 1:1 than that's ok because I seen the same thing with the TP......a little closer might be helpful. In hind sight I wish I would have written down the dates of all the SL's and went back to look at the charts on those days and look at the economic calendar as well to see if there was any correlation. I knew going into...
ah very nice, exactly the kind of patterns I was talking about, good stuff

And yeah, inputting all data in excel is timeconsuming, but then you can do a lot more stuff with the data once you find new angles. Ofcourse the 'easiest' way to do this is to import tick or 1m data and let excel do all the analysis, but setting this up for a new strategy is still quite time consuming even with good excell skills, and this way you don't have the advantage of gaining new insights just from seeing hundreds of trades.

For example normally when I research a breakout strategy I at least include Date (full date), Time, bars until trade trigger, sl size, directional move in pips, with monthly direction or not, with weekly direction or not and anything else you might want to research. Take into account that unless you highly suspect it might be usefull that it's not worth including as this does cost a lot of time. Especially because you need at the very least 500 trades to say anything statistically relevant at all, while in reality you want at least 2000 trades. This last part is where automating everything obviously comes in.
  • #1,398
  • Mar 18, 2020 6:52am Mar 18, 2020 6:52am
Quoting FrancescoDTM
{quote} I don't understand how it is possible. It is not the first expert I use. Yesterday, as soon as I entered the chart, the expert put all pending orders on me. But then I saw that it was not working on certain assets and I decided to cancel everything. Maybe it has remained in memory and is unable to open orders?
I suggest you close Mt4 and start again. If you can reboot I would even do that. I have had some funny things happen in the past where a recompiled ea hasn't been loaded. I am running this on a dedicated pc. Worth a try.
  • #1,399
  • Mar 18, 2020 6:55am Mar 18, 2020 6:55am
Quoting nevie2
{quote} ah very nice, exactly the kind of patterns I was talking about, good stuff And yeah, inputting all data in excel is timeconsuming, but then you can do a lot more stuff with the data once you find new angles. Ofcourse the 'easiest' way to do this is to import tick or 1m data and let excel do all the analysis, but setting this up for a new strategy is still quite time consuming even with good excell skills, and this way you don't have the advantage of gaining new insights just from seeing hundreds of trades. For example normally when I research...
I built a script which outputs data into a csv file for as many weeks as required for all pairs but no one was interested. This is an old one.
Attached File(s)
File Type: xlsx MonTues_System Multi Week.xlsx   21 KB | 239 downloads
  • #1,400
  • Mar 18, 2020 7:00am Mar 18, 2020 7:00am
Quoting Spikehunter
{quote} I built a script which outputs data into a csv file for as many weeks as required for all pairs but no one was interested.
ah nice, which data exactly?

Whenever real work is involved, you can be sure that people back off very quickly , imho this is the almost the only usefull thing to discuss here but oh well

Much easier to ask for someone else to build an EA and do no actual work yourself, potentially blaming the person that did all the work for you when losses are made afterwards.

EDIT: checking out your data now tnx
1 trader viewing now