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Simple Monday-Tuesday System (attached calculator)

  • #1,721
  • Mar 27, 2020 6:25am Mar 27, 2020 6:25am
Quoting BearBu11y
How do I share my Trade Explorer? I am up almost 11% however did make a couple of mistakes that played in my favour. Forgot to set SL's, Booked 1 pair twice and started too large and had to close them at a profit as I ran out of Capital
You need to be registered before the week starts so it shows up in the list

https://www.forexfactory.com/userguide
MAY THE TREND BE WITH YOU
  • #1,722
  • Mar 27, 2020 7:35am Mar 27, 2020 7:35am
Quoting BearBu11y
How do I share my Trade Explorer? I am up almost 11% however did make a couple of mistakes that played in my favour. Forgot to set SL's, Booked 1 pair twice and started too large and had to close them at a profit as I ran out of Capital
Go to your profile page and click on Settings.
In the section shown, select your Trade Explorer and the attribute you want to display.
Attached Image
"Pips are vanity. Profit is sanity."
  • #1,723
  • Mar 27, 2020 11:05am Mar 27, 2020 11:05am
Quoting transmat
Here is the EA slightly modified to make it easier to display the stopLoss in the parameter table; there is no longer any need to put the minus sign (-) in front of the number and this number will now be the one which will correspond to the % of the range which will be subtracted if it is a buy or added if it is a sell. Example: previously for a 55% stop it was necessary to display - 45. Now just display... 55. {file}
can u please make a fib that draws monday ,tuesday can give color like red or green like few other fibs give? thanks!
  • #1,724
  • Edited Mar 28, 2020 1:04am Mar 27, 2020 11:19am | Edited Mar 28, 2020 1:04am
First I thank 4recstasy and Erebus for sharing their information with us. I tested this method for the first week, 15% entry , 50% stop loss (like Erebus`s Fibo level-post 1004 ) and announced the results.
Demo account:
gbpchf +201 pip closed on near 2:1 level
gbpjpy +265 pip closed 15:55 gmt manually
gbpusd +438 pip closed on 1:1 level
gbpcad -320 pip (stopped)
gbpaud not triggered
TOTAL: +584
have a good weekend without any fu.. covid19
  • #1,725
  • Mar 27, 2020 11:42am Mar 27, 2020 11:42am
Quoting pundit78
Placed order for most of the pairs with low spread. Screenshot could not catch all the pending orders. {image}
Not much profit but still closed the week in green.
Good Luck everyone..Stay safe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_20200327-220804_MetaTrader 4.jpg Size: 395 KB
Click to Enlarge Name: Screenshot_20200327-221520_MetaTrader 4.jpg Size: 126 KB
  • #1,726
  • Mar 27, 2020 12:01pm Mar 27, 2020 12:01pm
Quoting pundit78
{quote} Not much profit but still closed the week in green. Good Luck everyone..Stay safe. {image} {image}
That's roughly 5% up...for a week, that's pretty good.
"Pips are vanity. Profit is sanity."
  • #1,727
  • Mar 27, 2020 12:16pm Mar 27, 2020 12:16pm
Quoting T4Trade
{quote} can u please make a fib that draws monday ,tuesday can give color like red or green like few other fibs give? thanks!
Hello T4Trade,
Just put this indicator on the graph in addition to the EA and you can also display the period separator, it allows you to properly visualize the days considered.
For backtests, do the same on the graph.
Here's what it looks like:
Attached Image (click to enlarge)
Click to Enlarge Name: Capture gbpusd du 27 03 2020.JPG Size: 130 KB
Attached File(s)
File Type: mq4 MoTuBo_Indi.mq4   19 KB | 363 downloads
  • #1,728
  • Mar 27, 2020 12:24pm Mar 27, 2020 12:24pm
Quoting PaulDV
{quote} That's roughly 5% up...for a week, that's pretty good.
Yeah right
  • #1,729
  • Mar 27, 2020 12:31pm Mar 27, 2020 12:31pm
Alright. Here we go. Closed at 5pm GMT.

My results for the week for this system:

18 trades triggered all in all:
2 Closed at -2R <-- This should have just been -1R but my balance was too low so had to increase the volume to trade.
4 Closed at -1R
6 Closed at least on +1R but < 2R
6 Closed between +0.9R and -0.9R

Total Profit/Loss for this System is -4.27% of my balance this week.

In hindsight, If I just avoided the trades where my 1% risk was too low, I might have been break even.
Or, maybe better yet, If I had risked 2% on all of these, maybe I would have been up a bit instead. Will consider that next week.

As far as down week goes, not bad. Looking forward to next Wednesday.
Attached Image
The quick brown fox jumps over the lazy dog.
  • #1,730
  • Mar 27, 2020 12:34pm Mar 27, 2020 12:34pm
it looked bad and finally it will have been a good week.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
  • #1,731
  • Mar 27, 2020 2:07pm Mar 27, 2020 2:07pm
It's Time to see results of this week. I was get some stoploses, but anyway week ended with profit and it's nice
Have a nice weekend!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 177 KB
  • #1,732
  • Edited 2:18pm Mar 27, 2020 2:08pm | Edited 2:18pm
Quoting transmat
it looked bad and finally it will have been a good week. {image}

Hi Transmat

Can I ask you a few questions about this EA
Question 1, Did you let every one of them run to the very end,
question 2 Is the stop loss the same on every trade,
question 3 Are you only running this on the four-hour chart,

Is this an indicator and have you got to add an EA with it,
if the answer is yes which EA,

I'm sorry I'm asking you these questions,
But my mind been on other things with this bloody virus,
Is it possible for you to show a picture of the settings of the EA ,
So we can see if there are any differences in our settings,
thank you for your time
Keep safe God be with you,
  • #1,733
  • Mar 27, 2020 3:26pm Mar 27, 2020 3:26pm
Quoting T4Trade
{quote} can u please make a fib that draws monday ,tuesday can give color like red or green like few other fibs give? thanks!
Attached File(s)
File Type: mq4 MoTuBo_Indi.mq4   19 KB | 323 downloads
  • #1,734
  • Mar 27, 2020 4:01pm Mar 27, 2020 4:01pm
Quoting kimmoe58sma
{quote} {file}
like this,if it is a buy then green,if the trend is sell then it should turn color to red
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4.png Size: 12 KB
  • #1,735
  • Edited Mar 28, 2020 4:22am Mar 27, 2020 5:48pm | Edited Mar 28, 2020 4:22am
Quoting redfan
{quote} Hi Transmat Can I ask you a few questions about this EA Question 1, Did you let every one of them run to the very end, question 2 Is the stop loss the same on every trade, question 3 Are you only running this on the four-hour chart, Is this an indicator and have you got to add an EA with it, if the answer is yes which EA, I'm sorry I'm asking you these questions, But my mind been on other things with this bloody virus, Is it possible for you to show a picture of the settings of the EA , So we can see if there are any differences in our settings,...
Hi redfan,
Question 1 == yes, only two were stopped and two others reached their TP; the balance was closed at 5:00 p.m. GMT.
Question 2 == yes stoploss at 55% of the range for all.
Question 3 == The time unit of the graph does not matter, the results will be the same from M1 to the Daily.
The indicator that I put on the graph is only there for a question of visual comfort.
The orders are passed by the EA and the one I use is the one published on post 1671 of March 25th.
The initial parameters were those you can see on the screenshot below; the TP required was just over RR 2: 1.
luck has it worked pretty well this week but nothing says it will be the same in the future, with the same settings ...
Rest assured, you are not the only one to be disturbed by this virus and I myself have to go to the hospital on Tuesday with the risk of coming back with this coronavirus with me.
Thank you for your good thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture gbpusd du 27 03 2020 avec trade bis.JPG Size: 169 KB
  • #1,736
  • Mar 27, 2020 7:04pm Mar 27, 2020 7:04pm
Sorry for the noob question, but what is the preferred timeframe to run the EA on? I've seen H1, H4 and D1 charts on this thread

thanks, blam
  • #1,737
  • Mar 27, 2020 7:05pm Mar 27, 2020 7:05pm
Quoting 0xff
It's Time to see results of this week. I was get some stoploses, but anyway week ended with profit and it's nice Have a nice weekend! {image}
what was your biggest downdraw % this week?
  • #1,738
  • Mar 27, 2020 7:29pm Mar 27, 2020 7:29pm
Guys take a look at my thread, ive used your monday tuesday method and fib to make my trading better. I aint put rules in there properly yet but hopefully you may understand.

Erebus understands as he messaged me saying my method is close to this. I used his fib on monday tuesday range and gave me clarification on real direction for the week.

When you put the fib on monday tuesday range. ( high to low ) if its been dropping slowly and pulls back , it will likely hit the 50% level and then drop. Good trade

or if its ranging and you see no lows or high taken out, going above, below 50% level - shit trade dont trade it or cancel order

orrr if a big drop monday and its struggling to get to 50% level tuesday then you know its a huge trending week - amazing trade.

Opposite to buy what i said above. Hope it helps . I know this from h4 chart only
  • #1,739
  • Mar 27, 2020 8:02pm Mar 27, 2020 8:02pm
Quoting bojack34
{quote} what was your biggest downdraw % this week?
24.03 - 27.03:
Max Return Run-Up: 31.4%
Max Return Drawdown: -13.4%
Max Profit Run-Up: $164
Max Profit Drawdown: -$81
  • #1,740
  • Mar 27, 2020 8:26pm Mar 27, 2020 8:26pm
Quoting 0xff
{quote} 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.
HI 0xff,

Which EA do you use?

Thank you
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