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Simple Monday-Tuesday System (attached calculator)

  • #1,961
  • Apr 8, 2020 4:07pm Apr 8, 2020 4:07pm
Quoting redfan
{quote} Which EA are you using this one is working. {image} {file} Mind you, the market closes between nine and 10 o'clock tomorrow night. You may have missed it this week. Because you are going to have to close your orders manually because the EA closes them on Friday, which is a bank holiday, So it will not be able to close them, if I was you I'd leave it this week and get ready for next week
I think you’ll find that the market is not closed Friday.
"Pips are vanity. Profit is sanity."
  • #1,962
  • Apr 8, 2020 10:12pm Apr 8, 2020 10:12pm
Quoting PaulDV
{quote} I think you’ll find that the market is not closed Friday.
I almost disputed your comment, I decided to do so check and the outcome supported your assertion.
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  • #1,963
  • Apr 8, 2020 10:21pm Apr 8, 2020 10:21pm
I closed my trade some moments ago cause no single trade was triggered, probably due to the few pairs that I selectedi and my initial thinking that markets will close today.
Next time, I will check calendar before taking any action..
Thanks Paul
  • #1,964
  • Apr 8, 2020 10:46pm Apr 8, 2020 10:46pm
Quoting Ican2020
I closed my trade some moments ago cause no single trade was triggered, probably due to the few pairs that I selectedi and my initial thinking that markets will close today. Next time, I will check calendar before taking any action.. Thanks Paul
I close all my pending orders after London Close on Thursday. I also close all open trades on Friday 1 hour before market close.
  • #1,965
  • Apr 9, 2020 1:46am Apr 9, 2020 1:46am
9 open trades. Using 15% entry and 50% sl. Let's see how the week goes.
  • #1,966
  • Apr 9, 2020 1:48am Apr 9, 2020 1:48am
Quoting bojack34
{quote} I close all my pending orders after London Close on Thursday. I also close all open trades on Friday 1 hour before market close.
Good idea. I will follow the sessions to see. You don't want a nasty to trigger on Friday with a spike
  • #1,967
  • Apr 9, 2020 5:53am Apr 9, 2020 5:53am
Quoting Fantuz
{quote} Same but for nzdcad don't have on my platform. Cable didn't trigger for you on that 1hr spike?


No so I'm not trading the GBP pairs using this strategy. I have a daily intra-day strategy for them.

Pairs now in open trades:

 

  1. BUY AUDNZD
  2. BUY AUDCHF
  3. BUY AUDUSD
  4. BUY AUDCAD
  5. BUY AUDJPY
  6. SELL EURAUD
  7. SELL EURGBP
  8. BUY NZDCAD

So for this week. I guess it's buy the AUD, sell the EUR, sell the CAD.

AUDCAD 4H chart below

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The quick brown fox jumps over the lazy dog.
  • #1,968
  • Apr 9, 2020 8:47am Apr 9, 2020 8:47am
1st win in AUDCAD
  • #1,969
  • Apr 9, 2020 10:24am Apr 9, 2020 10:24am
My broker says no trading from tomorrow (Friday) to Monday next week.
So, try and read your email, you may have message from your broker, so as to avoid message that touch the heart
  • #1,970
  • Apr 9, 2020 12:51pm Apr 9, 2020 12:51pm
Quoting Fantuz
1st win in AUDCAD
I got win on this too
Newbie here
  • #1,971
  • Apr 9, 2020 12:54pm Apr 9, 2020 12:54pm
Still running. Big credit to 4XTC for his strategy and Erebus for his fibo set up
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Newbie here
  • #1,972
  • Apr 9, 2020 4:14pm Apr 9, 2020 4:14pm
Quoting Fantuz
1st win in AUDCAD
AUDCAD hit TP1 and is now trailing the stop very nicely...

Attached Image (click to enlarge)
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"Pips are vanity. Profit is sanity."
  • #1,973
  • Apr 9, 2020 4:15pm Apr 9, 2020 4:15pm
Quoting PaulDV
{quote} AUDCAD hit TP1 and is now trailing the stop very nicely... {image}
I don't use your EA but I am curious what kind of tail do you use? Are you using pips or %? What kind of trail and step?
  • #1,974
  • Apr 9, 2020 4:52pm Apr 9, 2020 4:52pm
Quoting bojack34
{quote} I don't use your EA but I am curious what kind of tail do you use? Are you using pips or %? What kind of trail and step?
The EA supports a number of different trailing stop methods, but I’m using EMA (the green line in the image in my post).
"Pips are vanity. Profit is sanity."
  • #1,975
  • Apr 9, 2020 6:05pm Apr 9, 2020 6:05pm
hey PaulDV

re: the trailing stop, for your EMA trailing stop can I ask what you are using for it (it's the Follow MA option i think) - for the trailing stop start, the trailing stop step, the MA trailing stop period and the MA trailing stop trigger?

thanks, blam

and
Quoting PaulDV
{quote} The EA supports a number of different trailing stop methods, but I’m using EMA (the green line in the image in my post).
  • #1,976
  • Apr 9, 2020 6:11pm Apr 9, 2020 6:11pm
Quoting blamshakk
hey PaulDV re: the trailing stop, for your EMA trailing stop can I ask what you are using for it (it's the Follow MA option i think) - for the trailing stop start, the trailing stop step, the MA trailing stop period and the MA trailing stop trigger? thanks, blam and {quote}
Period 13, trigger is 1xSL (so TS triggers when price reaches 1:1 profit).

Start and Step are for the Regular TS method.
"Pips are vanity. Profit is sanity."
  • #1,977
  • Apr 9, 2020 9:21pm Apr 9, 2020 9:21pm
I close my trade manually today since the spread getting bigger because of the bank holiday. Trade safe everyone.
Attached Image (click to enlarge)
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Newbie here
  • #1,978
  • Apr 10, 2020 1:17am Apr 10, 2020 1:17am
hello all together, I am listing the trading on your sitcom this week, good luck.

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  • #1,979
  • Apr 10, 2020 3:48am Apr 10, 2020 3:48am
was looking good earlier, NZD took a weakness dive ??? perhaps US session can help, probably not

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It takes a lot for me to IGNORE you, but you can try.
  • #1,980
  • Apr 10, 2020 4:04am Apr 10, 2020 4:04am
Almost picture perfect PRICE movement on AUDCAD to demonstrate this method

1. Monday Low
2. Tuesday High
3. Wednesday pullback to 50%
4. Takes the breakout entry with momentum candles
5. Breaks out at last week's high (as a reference only)
6. Missed the 2 to 1 Take Profit by 1 pip, so not perfect



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PS: experimenting with entry at 10% of range and stop loss at 40% - why? I figure trades that go the right way, they don't retrace, so need to have the target closer, risk is same anyway, someone can backtest if they like
It takes a lot for me to IGNORE you, but you can try.
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