Simple Monday-Tuesday System (attached calculator)

Quoting PaulDV

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{quote} Thanks for the feedback. Having looked at the charts, I suspect that it's to do with price moving after the order has been triggered. The EA won't place an order exactly on the entry line - the entry line is there purely as a visual marker for the trader - rather it is waiting for the price to reach OR EXCEED the trigger price. It then calculates the entry price based on the CURRENT PRICE at that time. So, if the price is moving quickly, it is possible for the price to be a few pips higher (or even lower) than the trigger point.

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Quoting Spikehunter

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{quote} Also called slippage. Any market order on Mt4 should define an amount of slippage when the ea sends the order. This is one of the differences between using stop orders as they are executed when hit. There are of course pros and cons as I detailed some time ago. Pending orders are not conditional whereas market ones can be. Pending orders are sitting on the brokers server so once set you can shut down and wait for Friday. Market orders require your PC to be on all the time. No right or wrong just different trade offs. Of course there are...

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Quoting Oshadiif

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hello paul, i'm testing your EA, btw. big thanks to you. i'm wondering if a second trade is made by intention? this is NZDUSD in H4. {image}

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Quoting PaulDV

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{quote} Thanks, but not quite: slippage is where the price moves from the price that the order is requesting, and if the new price is sufficiently far from the requested price, then the order will be rejected. My EA has a setting for it which I've defaulted to 2 pips, to avoid orders being rejected when slippage is small, and records errors due to slippage and shows them on the information panel. But this isn't slippage that we were talking about, rather I was trying to explain the fact that the EA won't necessarily open the order exactly on the...

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Quoting PaulDV

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{quote} Er...no, that's not supposed to happen! I did have that bug in my testing before I released it, but I was sure that I had fixed it, otherwise I would not have released it. I'll take a look and see if I can reproduce it. Can you confirm which version this was with? Did you do anything out of the ordinary such as removing the EA and restarting it, or switching timeframes? Anything like that? I've just run it through the tester, and it worked flawlessly: {image} Any info you could give me might help.

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Quoting smashall2000

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{quote} Thanks for the reply, not script but .xlsx file calculator. Anyway I'm on mobile this period and will be for a while so I just want an excel calculator based on his settings. I intend to enter trades manually for few pairs. I'm new here so If you can help with the calculator it would be great

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Quoting zoraxfx

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My results with MoTuBo EA 1.1 Next week I will not use AUD NZD and CAD pairs and I'll set SL ratio 60 % {image}

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Quoting PaulDV

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{quote} Er...no, that's not supposed to happen! I did have that bug in my testing before I released it, but I was sure that I had fixed it, otherwise I would not have released it. I'll take a look and see if I can reproduce it. Can you confirm which version this was with? Did you do anything out of the ordinary such as removing the EA and restarting it, or switching timeframes? Anything like that? I've just run it through the tester, and it worked flawlessly: {image} Any info you could give me might help.

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Quoting FrancescoDTM

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{quote} Hi, could you explain to me how to create a report like yours?

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Quoting porfirio

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I am amazed at the effectiveness and simplicity of this strategy. all pairs have obtained a minimum of 1-1 risk-benefit. examples. {image} {image} {image} {image} {image} {image}

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Quoting bojack34

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{quote} I believe that maybe we should be using a 2:1 target in times like these when the ranges are substantially bigger than normal, and they are trending. In normal conditions I believe that using 1:1 targets is the way to go. We are not in normal conditions though. Maybe use 3:1 as our overall target but take 1/2 off at 1:1 or something.....just a thought. I personally will always use 1:1 as my target most likely and I don't like taking 1/2 off my trades. I only mention it because i know it's a popular strategy.

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Quoting Erebus

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{quote} Every trade is different of course, and hindsight is always right. I like having a TP in place in case of sudden spikes, usually at 2 to 1 Look what can happen crude oil news, price went up, CAD got strong, ah, that’s CHF so affected a lot of pairs {image}

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Quoting bojack34

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{quote} I'm glad you posted this picture Erebus. Look at where price went after it hit the TP2.....it went back up to our SL almost to the pip. I seen this too many times during my visual backtest so I think that instead of using a 50% SL we can use a 55% SL to avoid times like these.

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