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Simple Monday-Tuesday System (attached calculator)

  • #1,641
  • Mar 25, 2020 2:59am Mar 25, 2020 2:59am
Quoting GreyTrader
{quote} So but by then, have the pairs not already gone past the original Entries of the system? Or did you mean you are expecting to take advantage of a retrace that happens during London open? If you're ok to share, what kind of behavior are you watching for as you study the DEMO trades from NY close to London session? I'm guessing these are experiments at further improving the system. Or has this been the way you've been trading for a while? Sorry for the multiple questions. Just had coffee.

1. No way, they didn’t move 15% of 2 days range in 1 hour, check it out

2. Behavior, it’s pending orders on DEMO, if they enter, that alerts me to Price moving, check the chart

3. Have more coffee

️️️️️
It takes a lot for me to IGNORE you, but you can try.
  • #1,642
  • Mar 25, 2020 3:19am Mar 25, 2020 3:19am
I always knew that Price moving was what Strength Meters were reading, but then it was too late

Now there is a method to get in before the strength shows itself, PRICE of course

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It takes a lot for me to IGNORE you, but you can try.
  • #1,643
  • Mar 25, 2020 3:29am Mar 25, 2020 3:29am
Now for the hard part, sitting tight



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It takes a lot for me to IGNORE you, but you can try.
  • #1,644
  • Mar 25, 2020 3:44am Mar 25, 2020 3:44am
“Somebody stop me” - who said that?



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It takes a lot for me to IGNORE you, but you can try.
  • #1,645
  • Mar 25, 2020 3:47am Mar 25, 2020 3:47am
Quoting DeadlyCoori
{quote} Hey Oxff, thankyou for that, one question, hopefully to save me going through them all, are you using 15% or 25% entry? Thanks man, appreciate your efforts.
Hi. For entry I use 25% and 50% for SL, no TP. I'll close all position at few hours before market close on friday.
  • #1,646
  • Mar 25, 2020 4:30am Mar 25, 2020 4:30am
Quoting Erebus
“Somebody stop me” - who said that? {image} {image}
The Mask?

I'm on that GBPJPY trade too, but on a different strategy.

EURAUD chart below. Not that impressive but still early in the week.
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The quick brown fox jumps over the lazy dog.
  • #1,647
  • Mar 25, 2020 6:11am Mar 25, 2020 6:11am
Quoting Erebus
I always knew that Price moving was what Strength Meters were reading, but then it was too late Now there is a method to get in before the strength shows itself, PRICE of course {image} {image}
hi- what is the name of price strength meter website? thanks
  • #1,648
  • Edited 8:37am Mar 25, 2020 6:50am | Edited 8:37am
Hello everyone. Can this indicator use in mt4 build 1260. Thank you.

Have tried using it in build 1260, the indicator not appear on chart. Can anyone suggest which mt4 build can use indicator. Really appreciate it. Thanks again
Newbie here
  • #1,649
  • Mar 25, 2020 7:06am Mar 25, 2020 7:06am
Quoting fforexer
{quote} hi- what is the name of price strength meter website? thanks
Best to keep those questions to PM

But take a look at the subsequent post, big hint there!

Wow, what happened market?

Go and watch Netflix and it’s all turned on me

Maybe US session can help, come on Trump

It takes a lot for me to IGNORE you, but you can try.
  • #1,650
  • Edited 8:48am Mar 25, 2020 7:08am | Edited 8:48am
Up and running and setup the same as last week. I haven't done much over the last week except sleep. Starting to feel a little better so may do a bit more. I'll see how this week goes. I am running 15% entry 50% stop and 100% tp from break out.

Edit: going South big time at the moment. Just hang in there and we will see
  • #1,651
  • Mar 25, 2020 8:40am Mar 25, 2020 8:40am
I have been looking at just the gbp/usd and only using mondays range for my entries. Any thoughts?
  • #1,652
  • Mar 25, 2020 8:50am Mar 25, 2020 8:50am
Quoting Erebus
{quote} Best to keep those questions to PM But take a look at the subsequent post, big hint there! Wow, what happened market? Go and watch Netflix and it’s all turned on me Maybe US session can help, come on Trump
All entries turned against us and I dont know if its a pullback or reversal
  • #1,653
  • Mar 25, 2020 8:50am Mar 25, 2020 8:50am
Quoting sheppy
I have been looking at just the gbp/usd and only using mondays range for my entries. Any thoughts?
Yes, with that amount of analysis buy yourself a dart board. Sorry but that's just how I see your post.
  • #1,654
  • Edited 9:08am Mar 25, 2020 8:55am | Edited 9:08am
Quoting pantera1
PaulDV, re: your MoTuBo EA V 1.03; I've noticed, in a few cases, the Wednesday open candle is being used to set the Monday/Tuesday high/low. The example below is NZDUSD on the H4 time frame. My broker's offset is GMT +2 (Australia). By the way, the indicator I'm using is also yours. Thanks! {image}
Thanks for the heads up.

The indicator isn't mine actually - I simply amended it slightly - but I did base the entry logic for my EA on the logic used by the indicator, so that would explain it if the EA was actually using the same range.

Can I ask if you're running the EA and the inidicator on the H4 timeframe? I only ask, as I haven't tested that scenario.

Could you switch to the H1 timeframe and show me if you have the same issue there please?

EDIT: Just found the issue - thanks - I'll post a fix for it (and the indi) for next week.
"Pips are vanity. Profit is sanity."
  • #1,655
  • Mar 25, 2020 8:56am Mar 25, 2020 8:56am
hi hi,
i used the ea to backtest the strategy over the last 5 years with different settings on different pairs. But the most times it ended up loosing... Someone else backtest it?
So it didn't look so good over long time

Greetings
  • #1,656
  • Mar 25, 2020 8:57am Mar 25, 2020 8:57am
Quoting pipchef
{quote} Hi, PaulDV Thanks for this great EA. I already installed it for my live account, and it opened some trades this morning. I am wondering if this EA only opens trades on Wed or it could also open trades on Thu or Fri as long as the price level is hit. Thank you very much for your help.
Thank you for the feedback.

Yes, the EA sits and waits and will open an order on any of the days where the signal price has been breached.
"Pips are vanity. Profit is sanity."
  • #1,657
  • Mar 25, 2020 8:58am Mar 25, 2020 8:58am
Quoting JamieA
hi hi, i used the ea to backtest the strategy over the last 5 years with different settings on different pairs. But the most times it ended up loosing... Someone else backtest it? So it didn't look so good over long time Greetings
Did you try it on all 28 pairs? Did you use tick data?
"Pips are vanity. Profit is sanity."
  • #1,658
  • Mar 25, 2020 9:00am Mar 25, 2020 9:00am
Quoting Akaykenann
{quote} All entries turned against us and I dont know if its a pullback or reversal
Let's hope only pullback.
  • #1,659
  • Mar 25, 2020 9:11am Mar 25, 2020 9:11am
Quoting Fantuz
{quote} Let's hope only pullback.
I hope so too ))
  • #1,660
  • Mar 25, 2020 9:12am Mar 25, 2020 9:12am
Quoting pipchef
{quote} Hi, PaulDV Thanks for this great EA. I already installed it for my live account, and it opened some trades this morning. I am wondering if this EA only opens trades on Wed or it could also open trades on Thu or Fri as long as the price level is hit. Thank you very much for your help.
I find it hard to believe that you would put an ea on a live account and then ask how it works. Just plain dumb. Try it on demo, you are being reckless and/or greedy.
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GaryBorden