Simple Monday-Tuesday System (attached calculator)

Quoting 0xff

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New week, so here we go! Good luck. Stay green. {image}

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Quoting GreyTrader

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Alright. Let's do this. Will trade 21 pairs today. The remaining 7 pairs I trade using different systems. Below list of my pending orders (in both Short and Long positions). AUDCAD AUDCHF AUDJPY AUDNZD AUDUSD CADCHF CADJPY CHFJPY EURAUD EURCAD EURCHF EURGBP EURNZD EURUSD NZDCAD NZDCHF NZDJPY NZDUSD USDCAD USDCHF USDJPY So overall I have 42 pending orders set up. Actually the NZDCHF BUY has already been triggered. This is tiring isn't it? Probably since it's 6am where I am. It took me 1 hour to set up 21 pairs. But that's fine. I don't mind the work....

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Quoting GreyTrader

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Alright. Let's do this. Will trade 21 pairs today. The remaining 7 pairs I trade using different systems. Below list of my pending orders (in both Short and Long positions). AUDCAD AUDCHF AUDJPY AUDNZD AUDUSD CADCHF CADJPY CHFJPY EURAUD EURCAD EURCHF EURGBP EURNZD EURUSD NZDCAD NZDCHF NZDJPY NZDUSD USDCAD USDCHF USDJPY So overall I have 42 pending orders set up. Actually the NZDCHF BUY has already been triggered. This is tiring isn't it? Probably since it's 6am where I am. It took me 1 hour to set up 21 pairs. But that's fine. I don't mind the work....

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Quoting teleblue

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I thought I would post my first week results using the hi/low system. I opened a real account for $200 and I am trading micro-lots using a three currency arbitrage. I chose the eur, usd, and cad, mainly because they have the lowest margin (2%) with my broker. ( for some reason I lost a dime in the transaction when funding, so my actual starting balance was $199.90). The 5:1 gearing is a little out of my comfort zone, so I won't be adding more currencies until I get to 2:1. (If I do!) {image} {image} {image} {image} {image} {image}

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Quoting transmat

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{quote} Hello FX5Star, Yes that's it, 100 - 45 = 55. The stop is therefore at 55%. You do a quick backtest on the last days of a peer, you display the graph of this backtest and visually it is clearer. Personally I put that but everyone does as they want. Given the time it must be in Australia I wish you a very good night.

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Quoting Erebus

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{quote} If NZDCHF triggered, I would say that you are too quick to place the orders, well known fact the NZD spreads are notoriously WIDE just after rollover time Probably the most dangerous time to get an entry is shortly after the Tuesday (5 pm New York) close, in case it was a spike and it’s reversal time That’s a phenomenon that always amazes me, they say the daily close is SO important, yet look at daily candles and see complete reversals from day to day, just on the candles. What was so important about the close?

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Quoting FX5Star

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{quote} Thanks. One question, the EA did not open pending orders today but the old version 1.4 does ..see attached Is this EA for one day system or MO-TU high low breakout? {image}

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Quoting GreyTrader

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{quote} Erebus, after NY close, how many hours do you wait before setting up your trades to avoid this? I'm thinking of just waiting for the 1st hour candle to close. {image}

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Quoting PaulDV

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{quote} Post #1592.

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Quoting Erebus

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{quote} I placed DEMO in the first 1 hour after New York close, but started at AUDCAD, so things settled down by the time I got to NZD No trades triggered until now, 2 x 4 hours candles later, so as I have said, not a rush rush scalping method just because it’s Wednesday I will use the demo trades that triggered to judge which pairs to live trade once London gets going

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Quoting Erebus

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For some reason, all the triggered trades have AUD or NZD in them, can’t figure it out, anybody? {image}

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Quoting Erebus

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Seems to be still working, the week not over yet, so be alert Note the position sizing all you guys trading the every pair, same 0.01 or 0.05, why? {image}

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PaulDV