Simple Monday-Tuesday System (attached calculator) | Page 78 | 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)

  • #1,541
  • Mar 20, 2020 7:08am Mar 20, 2020 7:08am
Quoting PaulDV
{quote} Without amending the source, you can't. This is most likely caused by you using a non-standard display. MT4 doesn't scale the graphics on charts properly when using a non-standard display - I get the same issue on my Surface Book...completely unreadable
Hi Paul, is it possible to insert the possibility to open orders only on Wednesday or Thursday and to close all orders just before the closing of Friday?
It may be interesting to check all of this with backtests.
  • #1,542
  • Mar 20, 2020 7:56am Mar 20, 2020 7:56am
Quoting PaulDV
{quote} Yes, of course.
Hi Paul, for greater back-testing accuracy of your great EA, should I test it on H4 or D1 TF? or much lower TF? I suppose it is a D1 based trading strategy in which I previously traded manually with pending orders and spreadsheet calculation.

Regards,
Bill
  • #1,543
  • Mar 20, 2020 8:52am Mar 20, 2020 8:52am
Updated my 4th week result,
Winner = 18
Lose = 6 (I lose Gbpaud both of buy&sell )

Awesome result!!

and 4 weeks result, gain +57% of my port

My setting is as following
Buy 120%, sl 50%, tp 200%

Thank you
Jay
  • #1,544
  • Mar 20, 2020 11:22am Mar 20, 2020 11:22am
55 day volatility numbers using ATR and period 55.

AUDCAD 90.57
AUDCHF 82.35
AUDJPY 112.88
AUDNZD 62.13
AUDUSD 81.51
CADCHF 65.31
CADJPY 97.34
CHFJPY 85.21
EURAUD 210.49
EURCAD 130.19
EURCHF 40.52
EURGBP 78.41
EURJPY 103.21
EURNZD 208.6
EURUSD 79.31
GBPAUD 219.03
GBPCAD 169.36
GBPCHF 112.81
GBPJPY 158.09
GBPNZD 236.02
GBPUSD 121.69
NZDJPY 102.97
NZDUSD 75.63
USDCAD 86.44
USDCHF 68.26
USDJPY 102.21
  • #1,545
  • Mar 20, 2020 11:25am Mar 20, 2020 11:25am
Quoting Spikehunter
55 day volatility numbers using ATR and period 55. AUDCAD 90.57 AUDCHF 82.35 AUDJPY 112.88 AUDNZD 62.13 AUDUSD 81.51 CADCHF 65.31 CADJPY 97.34 CHFJPY 85.21 EURAUD 210.49 EURCAD 130.19 EURCHF 40.52 EURGBP 78.41 EURJPY 103.21 EURNZD 208.6 EURUSD 79.31 GBPAUD 219.03 GBPCAD 169.36 GBPCHF 112.81 GBPJPY 158.09 GBPNZD 236.02 GBPUSD 121.69 NZDJPY 102.97 NZDUSD 75.63 USDCAD 86.44 USDCHF 68.26 USDJPY 102.21
  • #1,546
  • Mar 20, 2020 11:29am Mar 20, 2020 11:29am
Quoting Spikehunter
{quote} You only need the first page. HiLo MonTues daily candles. Add subtract from HiLo 15% of range (hi-Lo) for breakout. 50% of range SL 100% of range TP. That is about it.
If your using a 50% of the range for SL and a 15% trigger, your TP would be 65% of the range to get 1:1 on your trade.
  • #1,547
  • Mar 20, 2020 11:32am Mar 20, 2020 11:32am
Quoting Spikehunter
{quote} Just looking back prices can move in one direction for sometime. This week has been a bit choppy but overall not much different to when money moves from one place to another. As I said many posts ago although its a good strategy I consider it a bit crude. GBPJPY missed the TP by a hair and now posting a loss. These are the trades we need to tighten up on and not let a winner turn into a loss. Looking at a trend to my eyes it doesn't seem to make a lot of difference. Price does seem in general to breakout the way you would expect. Looking...
when i did my visual backtesting for stats, I moved my SL to BE once the trade reached the half way point to my TP1. At this point you could slap a trail stop on there or just keep moving your stop as price gets closer to your TP.
  • #1,548
  • Mar 20, 2020 11:46am Mar 20, 2020 11:46am
Quoting bojack34
{quote} If your using a 50% of the range for SL and a 15% trigger, your TP would be 65% of the range to get 1:1 on your trade.
If you want. He's lucky I even replied.
  • #1,549
  • Mar 20, 2020 11:48am Mar 20, 2020 11:48am
Quoting bojack34
{quote} If your using a 50% of the range for SL and a 15% trigger, your TP would be 65% of the range to get 1:1 on your trade.
I don't like these numbers anyhow as they are to contrived and artificial. I will let next week go and then look at system performance improvement. A lot of the higher vol pairs actually have made losses.

This flu is not helping my brain power either, difficult to think straight.
  • #1,550
  • Mar 20, 2020 11:58am Mar 20, 2020 11:58am
Quoting Spikehunter
{quote} I don't like these numbers anyhow as they are to contrived and artificial. I will let next week go and then look at system performance improvement. A lot of the higher vol pairs actually have made losses. This flu is not helping my brain power either, difficult to think straight.
They are gonna start using this virus as an excuse to manipulate the market of course
  • #1,551
  • Mar 20, 2020 1:50pm Mar 20, 2020 1:50pm
Damn that was a long back read. For a 3-month old thread this has gone up 78 pages. Last couple weeks actually contributed 50 pages. Went through the whole thing this afternoon. Now all caught up.

Anyway. Wanted to say a quick "Hey!" to you all. Expect to see a bit of me moving forward.

Will be trading WTF on a live account starting next Wednesday 3/25.
All 28 pairs, 1% of max balance, 2:1 RR, move break even at 1:1. Will let trade hit SL, BE, or TP. Following Erebus' Entry, SL, and TP recommendations.
Will post results and probably screen shots. (Anymore of that virtual snickers available?)

Thanks Erebus for providing the Fib parameters. Saved me probably a couple months of tweaking, testing, second guessing, and stressing.
Shout out as well to 4ecstasy for starting this thread!

Have a good weekend.
The quick brown fox jumps over the lazy dog.
  • #1,552
  • Mar 20, 2020 1:54pm Mar 20, 2020 1:54pm
Enjoying this thread. I see two systems here, I can see the WTF System (Erebus) and the Mon-Tue system (Paul). How do these systems differ in their settings of the EA?
  • #1,553
  • Mar 20, 2020 2:07pm Mar 20, 2020 2:07pm
Quoting Antony_sg
The 4th week collect profit from real IC account Use Dasboard EA to management account, take profit within one day {image}
Where do you get that dashboard from its looks nice and tidy ?
  • #1,554
  • Mar 20, 2020 2:20pm Mar 20, 2020 2:20pm
All positions closed.
On screenshot in red rectangle is my manual trade, it was mistake, wrote about it here.

This is the first week of 7 with a negative result. Negative result is also a result.

My opinion on lots and deposits for this system is 0.01 lots for $2000 minimum. So as not to worry much about the DD and SL.

Have a nice weekend and be careful with
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 177 KB
  • #1,555
  • Mar 20, 2020 2:25pm Mar 20, 2020 2:25pm
Quoting 0xff
All positions closed. On screenshot in red rectangle is my manual trade, it was mistake, wrote about it here. This is the first week of 7 with a negative result. Negative result is also a result. My opinion on lots and deposits for this system is 0.01 lots for $2000 minimum. So as not to worry much about the DD and SL. Have a nice weekend and be careful with {image}
That looks like 21 pairs, is that correct. I ran with 26 and made an approx 195 profit with 0.01 lots
  • #1,556
  • Mar 20, 2020 2:30pm Mar 20, 2020 2:30pm
Quoting 0xff
All positions closed. On screenshot in red rectangle is my manual trade, it was mistake, wrote about it here. This is the first week of 7 with a negative result. Negative result is also a result. My opinion on lots and deposits for this system is 0.01 lots for $2000 minimum. So as not to worry much about the DD and SL. Have a nice weekend and be careful with {image}
Are you still going with your decision of not applying any TP in the future? Because going by your lost trades, most of those pairs were deep in profit but eventually reversed
  • #1,557
  • Edited 2:59pm Mar 20, 2020 2:34pm | Edited 2:59pm
Quoting Spikehunter
{quote} That looks like 21 pairs, is that correct. I ran with 26 and made an approx 195 profit with 0.01 lots
Result of each trader will be different. Different pairs, different spreads, different entry levels and SL, different TP and position support(trailing, BE).
More different cases - more statistics
Congratulations with your good profit!

Quoting smashall2000
{quote} Are you still going with your decision of not applying any TP in the future? Because going by your lost trades, most of those pairs were deep in profit but eventually reversed
Yes, no TP. I saw good profit after reverse (out of position after SL), but I have not good idea yet how to manage positions for good balance in risk/reward.
  • #1,558
  • Mar 20, 2020 3:40pm Mar 20, 2020 3:40pm
Quoting Spikehunter
{quote} That looks like 21 pairs, is that correct. I ran with 26 and made an approx 195 profit with 0.01 lots
I trade 28 pairs and i made 210 $ with 0.01 lot per pair
  • #1,559
  • Mar 20, 2020 4:41pm Mar 20, 2020 4:41pm
@ Oxff you have to put a TP absolutely and no wait friday
a lot of us have get gains
in my case, all my trades were closed yesterday
19 trades and only 2 losses
  • #1,560
  • Mar 20, 2020 4:43pm Mar 20, 2020 4:43pm
Quoting edybede
{quote} I trade 28 pairs and i made 210 $ with 0.01 lot per pair
Which script did you use? There are a few on this thread.
0 traders viewing now