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Simple Monday-Tuesday System (attached calculator)

  • #1,461
  • Mar 18, 2020 2:55pm Mar 18, 2020 2:55pm
Quoting nevie2
I sincerely hope that pointing out the obvious, that this is not the holy grail and that because the strategy is working in current market conditions won't necessarily mean it will work in other market conditions, is so extremely obvious to everyone it did not need pointing out....
I sincerely hope people wouldn't be so naive to think only experienced traders who ought to know better aren't the only ones visiting this thread! The statement is a warning for people who lack experience, for people who don't know better.
Learn from your mistakes and march on.
  • #1,462
  • Mar 18, 2020 3:01pm Mar 18, 2020 3:01pm
Quoting sheppy
FYI I have been trading the GBPUSD exclusively with an idea similar to this but on the premise of the Monday hi lo breakout with a reversal strategy if initial trade fails Its been pretty damn consistant over the 4 yrs I have traded it
Understood. But 'similar' isn't 'same as', and just because you had success using a 'similar' strategy with GBPUSD for the past 4 years, it doesn't mean you would produce the same results if you suddenly decided to try it on 20 or more pairs at a time, which is what people have been essentially doing here.

But I think you are smart to limit it to one pair. Very smart indeed!

I am interested in seeing your strategy.
Learn from your mistakes and march on.
  • #1,463
  • Mar 18, 2020 3:18pm Mar 18, 2020 3:18pm
Quoting here2there
{quote} Understood. But 'similar' isn't 'same as', and just because you had success using a 'similar' strategy with GBPUSD for the past 4 years, it doesn't mean you would produce the same results if you suddenly decided to try it on 20 or more pairs at a time, which is what people have been essentially doing here. But I think you are smart to limit it to one pair. Very smart indeed! I am interested in seeing your strategy.
I've limited my pair selection down to 7 for this strategy. I'm giving serious consideration to only trading GU. GU and EU had the best stats over the last year with this strategy and since they are correlated I would think it would be smart to only trade one of the two pairs......and since I have been mainly trading Cable for the last year or so anyway, it only makes sense to stick with GU. But to be honest, when I start trading this strategy seriously I will be trading it as a basket with my 7 pairs and I will have an overall TP and SL. I will honer individual TP's and SL's along the way but in general I will have an overall TP% and SL%.
  • #1,464
  • Mar 18, 2020 4:55pm Mar 18, 2020 4:55pm
Quoting Spikehunter
Ok, here is the code to produce the analysis .csv file which will be put in the Files folder under MQL. It has to go there no choice. I haven't done anything to make it user friendly for configuration but a bit of thought you can see how it works. The important bit is: init section change Analyse to 1 if you want details for that pair The number of Days analysed is set in the input section. I have built this as an EA and not a script as I was getting some strange results as a script and thought it easier to test/fix. Add it as an EA to a blank chart....
Hi Spike.
Thanks for doing great contribution to this thread, opened your attached excel file and it is showing only string of number, do you have any idea why? attached image. TIA
Attached Image (click to enlarge)
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  • #1,465
  • Mar 18, 2020 5:05pm Mar 18, 2020 5:05pm
Quoting bojack34
{quote} I've limited my pair selection down to 7 for this strategy. I'm giving serious consideration to only trading GU. GU and EU had the best stats over the last year with this strategy and since they are correlated I would think it would be smart to only trade one of the two pairs......
Good idea.
Learn from your mistakes and march on.
  • #1,466
  • Mar 18, 2020 5:05pm Mar 18, 2020 5:05pm
Quoting Mohsen-b
{quote} Hi Spike. Thanks for doing great contribution to this thread, opened your attached excel file and it is showing only string of number, do you have any idea why? attached image. TIA {image}
just google the problem. sometimes excel doesn't automatically convert csv files, you just have to press 1 button in excel in order to transform it into seperate columns.

From memory its data->text to columns
  • #1,467
  • Mar 18, 2020 5:28pm Mar 18, 2020 5:28pm
Quoting zoraxfx
@ PaulDV I didn't understand why you didn't put a SL
I’m sorry, but I still don’t understand...all my trades have a stop loss.

Can you explain what you mean?
"Pips are vanity. Profit is sanity."
  • #1,468
  • Mar 18, 2020 5:31pm Mar 18, 2020 5:31pm
Quoting cescof
{quote} Really thanks for your amazing work.... I did a mistake because i didn't change magic number for every pair so Ea open just first order and no more... I've changed now for every pair and it's ok Just a question about MA trailing stop.... i suppose ma value is related to tf....which tf do you suggest to use ? Thanks again Regards i dind' t read about your update version
The second version has a fix for the magic number, so you don’t have to use a different number for each pair.

The MA trailing stop used a simple moving average of the period you set, and it uses the current timeframe. I don’t have any recommendations on this as i haven’t backtested any scenarios yet to determine what works for each pair.
"Pips are vanity. Profit is sanity."
  • #1,469
  • Mar 18, 2020 5:39pm Mar 18, 2020 5:39pm
Quoting Mohsen-b
{quote} Hi Spike. Thanks for doing great contribution to this thread, opened your attached excel file and it is showing only string of number, do you have any idea why? attached image. TIA {image}
When you open it you will need to say its comma seperated values. It should then put values into seperate columns.
  • #1,470
  • Mar 18, 2020 5:47pm Mar 18, 2020 5:47pm
Quoting Spikehunter
...comma seperated values...
Not semicolon?
  • #1,471
  • Mar 18, 2020 7:32pm Mar 18, 2020 7:32pm
Quoting Erebus
Everyone should open a demo account and add it as TE = Trade Explorer Then you can see how to improve your trading with fun stuff like this -

Everyone should open a demo account and add it as TE = Trade Explorer, especially those running an EA



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It takes a lot for me to IGNORE you, but you can try.
  • #1,472
  • Mar 18, 2020 7:42pm Mar 18, 2020 7:42pm
haha nice going Erebus
  • #1,473
  • Mar 18, 2020 7:49pm Mar 18, 2020 7:49pm
Quoting nevie2
haha nice going Erebus
The saying is, don’t trade live until you can double a demo account

But I don’t think they meant in 1 week, ha ha ha

It takes a lot for me to IGNORE you, but you can try.
  • #1,474
  • Mar 18, 2020 7:58pm Mar 18, 2020 7:58pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-01 at 4.27.36 pm.png Size: 1.2 MB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2020-03-19 at 10.56.06 am.png Size: 379 KB
It takes a lot for me to IGNORE you, but you can try.
  • #1,475
  • Mar 18, 2020 8:18pm Mar 18, 2020 8:18pm
Gold looking good for this TS
  • #1,476
  • Mar 18, 2020 9:37pm Mar 18, 2020 9:37pm
Great system TS , subscribe.
  • #1,477
  • Mar 18, 2020 10:00pm Mar 18, 2020 10:00pm
Quoting Mohsen-b
{quote} Hi Spike. Thanks for doing great contribution to this thread, opened your attached excel file and it is showing only string of number, do you have any idea why? attached image. TIA {image}
You need to perform a text to columns conversion. It is under the Data menu as an option in Excel
MWTF Return This Week: na
  • #1,478
  • Mar 18, 2020 10:02pm Mar 18, 2020 10:02pm
Quoting Erebus
{image} {image}
Rubbing salt in my wounds
MWTF Return This Week: na
  • #1,479
  • Mar 18, 2020 10:53pm Mar 18, 2020 10:53pm
On demo acc in Trade Explorer, I made 1 manual trade with 1 lot I made a mistake when choosing an account. When I saw what I did, immediately close order. As result is -19$ by few seconds. Any way, the test continues, and I won’t pay much attention to this mistake.

Quoting FrancescoDTM
{quote} 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'm not use TP, I close all position few hours before market close on friday.
I only trade pairs with low spread. I wrote about it here.

Quoting Olarion1975
{quote} 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 use script where the default setting is 25%. Give an example where 15%, on which pair? I will double check for this moment.
  • #1,480
  • Mar 19, 2020 1:14am Mar 19, 2020 1:14am
Quoting zoraxfx
I'm not agree if the market is flat, you will not win with any strategy
Not true! There are strategies for any market.
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