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Simple Monday-Tuesday System (attached calculator)

  • #2,421
  • May 26, 2021 3:46am May 26, 2021 3:46am
Quoting 19monza64
{quote} God job man. A question. You are form Australia and I am from Italy. Which candel I wold take for entry. My Tue closed daily candel?
No, the idea is to find the RANGE using the highest price of Monday or Tuesday and the lowest price of Monday or Tuesday.

The absolute HIGH and the absolute LOW will be the SAME on every time frame.

Then you can make a plan to enter at that price or at some percentage of the range above or below that price, or at a certain number of pips above or below that range.

So, it is impossible to say which candle will cross the chosen price line, it could be on Wednesday, it could be on Thursday.

It might even be on Friday if that is your plan. And I promise you, when it crosses the line, the time frame doesn't matter.

It takes a lot for me to IGNORE you, but you can try.
  • #2,422
  • May 26, 2021 3:48am May 26, 2021 3:48am
Quoting 19monza64
{quote} Hi man again a question. Do you use in entry trade 0.5 of ADR 20 (SL) and 1 to 1 for TP?
YES

It takes a lot for me to IGNORE you, but you can try.
  • #2,423
  • May 26, 2021 3:53am May 26, 2021 3:53am
Quoting 19monza64
{quote} The last question ... I hope. Do you place a buy limit and a sell limit under and over the mon tue range or you choise one direction? thanks for your kindness
You need to learn the proper name, the pending trades are on a STOP when the price is above or below

See on this chart, still waiting for a trade to trigger, there are 2 pending order, a buy stop and a sell stop

Attached Image (click to enlarge)
Click to Enlarge Name: 2021-05-26_18-51-22.jpg Size: 424 KB
It takes a lot for me to IGNORE you, but you can try.
  • #2,424
  • May 26, 2021 6:18am May 26, 2021 6:18am
Quoting Erebus
{quote} You need to learn the proper name, the pending trades are on a STOP when the price is above or below See on this chart, still waiting for a trade to trigger, there are 2 pending order, a buy stop and a sell stop {image}
Yes sorry I write limit but in my mind I meant stop
thank you.

see tyou next week
  • #2,425
  • May 26, 2021 10:11am May 26, 2021 10:11am
I think the level of 1.27 as a tolerance is very good.
Attached Image (click to enlarge)
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  • #2,426
  • May 26, 2021 4:35pm May 26, 2021 4:35pm
Quoting Sorobanista
I think the level of 1.27 as a tolerance is very good. {image}
sorry, no thinking allowed; only price sets the levels

It takes a lot for me to IGNORE you, but you can try.
  • #2,427
  • May 26, 2021 5:48pm May 26, 2021 5:48pm
Quoting Erebus
{quote} sorry, no thinking allowed; only price sets the levels
In the same way that you chose 10% margin to sell or buy the maximum and the minimum, I am analyzing 27% behavior. If you consider the variation that has the shadow of the daily candle.
I did not understand your observation if you also use one.
  • #2,428
  • May 26, 2021 6:02pm May 26, 2021 6:02pm
Two weeks ago, if he had sold after level 10, he had lost money, he was very close and came back, if he closed below that level I believe he has little chance of catching the stop loss, because he must continue from 1,618 to 200, at most to 2,618.
Interestingly, the price went to the next week testing the 2.618 and then went down to test the 1.27, it was a very lateral week.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 41 KB
  • #2,429
  • May 26, 2021 9:26pm May 26, 2021 9:26pm
Quoting Sorobanista
{quote} In the same way that you chose 10% margin to sell or buy the maximum and the minimum, I am analyzing 27% behavior. If you consider the variation that has the shadow of the daily candle. I did not understand your observation if you also use one.
Sorry, it wasn't clear what you were doing, looked like using 1.27% Fibonacci on Gold, so carry on

It takes a lot for me to IGNORE you, but you can try.
  • #2,430
  • May 27, 2021 5:40am May 27, 2021 5:40am
Attached Image (click to enlarge)
Click to Enlarge Name: 2021-05-26_18-51-22.jpg Size: 424 KB
Hello Erebus Please Send this MoTu Indicator Thank you
  • #2,431
  • May 27, 2021 7:30am May 27, 2021 7:30am
Can it be said that it is a harami or just a triangle?
He made the pattern on the minimum of Monday, and went up, only those who use H4 saw it.
Whoever was in H1 saw a hammer, less intuitive because it had already passed the expected level for entry.
Is it better to just see H4 for this strategy?
He made the famous pattern at the S38 level of the weekly fibonacci.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: martelo.png Size: 57 KB
  • #2,432
  • May 27, 2021 7:33am May 27, 2021 7:33am
Quoting Erebus
{quote} Sorry, it wasn't clear what you were doing, looked like using 1.27% Fibonacci on Gold, so carry on
My English is with the help of a translator and it's horrible.
  • #2,433
  • May 27, 2021 11:17am May 27, 2021 11:17am
Quoting Erebus
{quote} Sorry, it wasn't clear what you were doing, looked like using 1.27% Fibonacci on Gold, so carry on
Hi Erebus.
A question.
You that trade from AU wich are the pairs with low spread during asian and Sidney session.
I ask to you because I found an EA that trade during low volatily on the bollinger and low atr so the most of operations are during that time.
  • #2,434
  • May 27, 2021 5:07pm May 27, 2021 5:07pm
Quoting LionKingPM
{image}Hello Erebus Please Send this MoTu Indicator Thank you
There is an indicator for the range of Mon Tue for MT5 only

PM to me with your email

Moderators note "it's FREE"

It takes a lot for me to IGNORE you, but you can try.
  • #2,435
  • May 30, 2021 6:18pm May 30, 2021 6:18pm
Week 4 of phantom account

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #2,436
  • May 30, 2021 7:06pm May 30, 2021 7:06pm
Quoting Erebus
Week 4 of phantom account {image}{image}
Hi Erebus，
Do you trade using EA?
  • #2,437
  • May 31, 2021 1:43am May 31, 2021 1:43am
Quoting Erebus
Week 4 of phantom account {image}{image}
GBPNZD stoploss? It seems that it ended in profit.
  • #2,438
  • May 31, 2021 5:28pm May 31, 2021 5:28pm
Quoting KevinZeng
{quote} Hi Erebus， Do you trade using EA?
Yes, I use an EA but the parameters and trade are set manually if you know what I mean.

It calculates the position size and the take profit from the initial settings, then manages the trade, being trailing stop, stop loss or take profit.

You can find the demo version here -

https://www.mql5.com/en/market/produ...Profile+Seller
It takes a lot for me to IGNORE you, but you can try.
  • #2,439
  • May 31, 2021 5:31pm May 31, 2021 5:31pm
Quoting KevinZeng
{quote} GBPNZD stoploss? It seems that it ended in profit.
Ah-ha, this is why I make mistake, to see if anyone is reading the results!

Actually, not sure what I did there, in the demo account, it was exit by the 75 trailing stop loss, so definitely at least a 1 to 1 winner.

Thanks for catching that, will update the spreadsheet later as I have to go out today.

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #2,440
  • Jun 4, 2021 11:40pm Jun 4, 2021 11:40pm
Quoting Erebus
Week 4 of phantom account {image}{image}
I like your trading journal. Where can I subscribe for it. You are good at sourcing utilities.
You may PM me if its a commercial link.
Practice makes a person perfect
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