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Simple Monday-Tuesday System (attached calculator)

  • #2,021
  • Apr 14, 2020 10:20am Apr 14, 2020 10:20am
Quoting teleblue
Here are my results for 1 month of live trade the Hi/Low method. I had one small loss last week (Eur/Usd), which I manually closed because I didn't want to hold the position over the holiday weekend. Good luck Y'all! {image}
I see that you are live trading, can you tell me who your broker is
what is there a minimum lot size and would you recommend them?
PS are you trading manually or with EA,
thank you
  • #2,022
  • Apr 14, 2020 2:46pm Apr 14, 2020 2:46pm
Quoting samsha786
{image} {image} ENJOY!
Enjoy what, exactly?

You haven't given us any idea as to what these screen shots are of, or how you got the results.
"Pips are vanity. Profit is sanity."
  • #2,023
  • Apr 14, 2020 2:50pm Apr 14, 2020 2:50pm
Quoting PaulDV
{quote} Enjoy what, exactly? You haven't given us any idea as to what these screen shots are of, or how you got the results.
Back test results don't mean anything at all. The only thing a back test is good for is to test the functionality of an EA or Indicator. Results are meaningless. The only way to know if something is profitable or not is to forward test and keep notes/stats. Forex is a marathon. No way around it. The sooner you accept that the better off you will be.
  • #2,024
  • Apr 14, 2020 3:55pm Apr 14, 2020 3:55pm
Think of Monday Tuesday as a method, an analysis, I see interest has dropped off here, that's good thing, scavengers will be back today however

Here is another way to observe PRICE, the old INSIDE DAY

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It takes a lot for me to IGNORE you, but you can try.
  • #2,025
  • Apr 14, 2020 4:02pm Apr 14, 2020 4:02pm
Guess what time it is?

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It takes a lot for me to IGNORE you, but you can try.
  • #2,026
  • Apr 14, 2020 4:12pm Apr 14, 2020 4:12pm
Quoting Erebus
Guess what time it is? {image}
I don't know mate.
  • #2,027
  • Apr 14, 2020 4:50pm Apr 14, 2020 4:50pm
Quoting Erebus
Guess what time it is? {image}
Hi can you give me a brief on post 184 please what i want to know is since you use the 1st 2candles of the day based on 4hrs are we looking for the low and high of the 2candles?Does it mean i can trade the 2candles for MONDAY because i traded it yesterday and made some pips or do i wait for Tuesday candles to close meaning i will look for the h/l of the 2candles for Monday and also wait for the h/l of the Tuesday candles to close before trading on the 4hrs chart.Thanks and i see you are back on track on your laptop.
  • #2,028
  • Apr 14, 2020 6:00pm Apr 14, 2020 6:00pm
Quoting Erebus
Guess what time it is? {image}
So that is why my broker's MT4 is set to Moscow. So that their midnight can equal NY 5pm. Understanding does not mean that I like it though.
MWTF Return This Week: na
  • #2,029
  • Edited 9:56pm Apr 14, 2020 7:53pm | Edited 9:56pm
Quoting Slingshots1
{quote} Hi can you give me a brief on post 184 please what i want to know is since you use the 1st 2candles of the day based on 4hrs are we looking for the low and high of the 2candles?Does it mean i can trade the 2candles for MONDAY because i traded it yesterday and made some pips or do i wait for Tuesday candles to close meaning i will look for the h/l of the 2candles for Monday and also wait for the h/l of the Tuesday candles to close before trading on the 4hrs chart.Thanks and i see you are back on track on your laptop.
I really dislike it when other people answer my questions that were intended for someone else, so I apoligize for doing the same to you. I'm almost certain that Erebus does NOT trade this strategy on the H4. That post you are referring to was just a piece of advice from him to the person who posted. I believe that Erebus is currently using a 15% entry and 50% SL but he mentioned recently about trying a 10% entry.
  • #2,030
  • Apr 15, 2020 12:39am Apr 15, 2020 12:39am
Quoting teleblue
Here are my results for 1 month of live trade the Hi/Low method. I had one small loss last week (Eur/Usd), which I manually closed because I didn't want to hold the position over the holiday weekend. Good luck Y'all! {image}
Want to share details? Or do you want to show off?
Please excuse the bad English via Google Translate.
  • #2,031
  • Apr 15, 2020 1:44am Apr 15, 2020 1:44am
Looks like NZD weak boi of the week. Didn't caught it tho as it moved way faster than I'd expect.
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Don't bet the farm house.
  • #2,032
  • Apr 15, 2020 1:50am Apr 15, 2020 1:50am
Quoting dokopy
{quote} Want to share details? Or do you want to show off?
Lol
  • #2,033
  • Apr 15, 2020 2:20am Apr 15, 2020 2:20am
Quoting bojack34
{quote} I really dislike it when other people answer my questions that were intended for someone else, so I apoligize for doing the same to you. I'm almost certain that Erebus does NOT trade this strategy on the H4. That post you are referring to was just a piece of advice from him to the person who posted. I believe that Erebus is currently using a 15% entry and 50% SL but he mentioned recently about trying a 10% entry.
No problem buddy, I was travelling by train, reading but not feeling like it was important enough to reply; you are exactly correct, I don't play with 4 Hour

Looks like MonTue got some entries, darn laptop went to sleep so I missed all those, changed the settings

It takes a lot for me to IGNORE you, but you can try.
  • #2,034
  • Apr 15, 2020 3:51am Apr 15, 2020 3:51am
you could use the EA.

blam

Quoting akosichago
Looks like NZD weak boi of the week. Didn't caught it tho as it moved way faster than I'd expect. {image} {image} {image}
  • #2,035
  • Apr 15, 2020 4:55am Apr 15, 2020 4:55am
Quoting blamshakk
you could use the EA. blam {quote}
Was back reading for awhile now but i got confused which ones it. Got the post # for the most recent one?
Don't bet the farm house.
  • #2,036
  • Apr 15, 2020 4:59am Apr 15, 2020 4:59am
Quoting akosichago
{quote} Was back reading for awhile now but i got confused which ones it. Got the post # for the most recent one?
You deserve the very best, go for it

https://www.forexfactory.com/showthread.php?t=990728
It takes a lot for me to IGNORE you, but you can try.
  • #2,037
  • Edited 8:12am Apr 15, 2020 7:07am | Edited 8:12am
Late Post

22 Pairs set up. (44 orders overall since BUY and SELL).
All majors and cross pairs, except GBP pairs.

Following trades already open as of 12:03PM GMT.
BUY USDCAD
SELL NZDJPY
SELL NZDCAD
SELL NZDUSD
SELL NZDCHF
SELL EURJPY
BUY EURCAD
BUY EURNZD
SELL CADJPY
SELL CADCHF
SELL AUDJPY
SELL AUDUSD
SELL AUDCHF

NZDUSD and EURNZD trades below
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The quick brown fox jumps over the lazy dog.
  • #2,038
  • Apr 15, 2020 7:46am Apr 15, 2020 7:46am
Quoting GreyTrader
Late Post 22 Orders set up. (44 overall since BUY and SELL orders). All majors and cross pairs, except GBP pairs. Following trades already open as of 12:03PM GMT. BUY USDCAD SELL NZDJPY SELL NZDCAD SELL NZDUSD SELL NZDCHF SELL EURJPY BUY EURCAD BUY EURNZD SELL CADJPY SELL CADCHF SELL AUDJPY SELL AUDUSD SELL AUDCHF NZDUSD and EURNZD trades below {image} {image}
Wow! whats the distance between the stop losses and the entries?
are all these manual?
Don't bet the farm house.
  • #2,039
  • Apr 15, 2020 7:46am Apr 15, 2020 7:46am
Quoting Erebus
{quote} You deserve the very best, go for it https://www.forexfactory.com/showthread.php?t=990728
thanks man!
Don't bet the farm house.
  • #2,040
  • Apr 15, 2020 7:49am Apr 15, 2020 7:49am
Quoting 4ecstasy
I've been trading this system with some success, the Monday-Tuesday system (MoTu). My first post, time to give back to the community! Pairs: I prefer GBP crosses. Probably any volatile pair. Logic behind the system: The highs and lows of Monday and Tuesday often form the low or the high of the week. Steps (see attached calculator) Find the highest high and lowest low of Monday and Tuesday. Enter it into attached calculator. Entry is set to 15% of the highest high. SL is set to 10% on the other side of the low for long; high for short. TP is set...
Hi i just sent you a pm in respect of MOTU please check it out its all about the screenshot attached
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