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Simple Monday-Tuesday System (attached calculator)

  • #2,461
  • Nov 2, 2022 7:59pm Nov 2, 2022 7:59pm
Quoting Erebus
I just realized a good way to recognize and enter these trades, with Tradingview Draw the Mon Tue Low High levels on 4-hour chart {image} Switch to the 1-hour chart and use the 4-bar signal to enter {image} Be sure to set Alerts for each pair of interest Good Luck
wrong chart it seems as the reasoning for entry and exit is misguided. more of a basic approach is needed all of the complexity is getting in the way.
  • #2,462
  • Nov 3, 2022 2:42am Nov 3, 2022 2:42am
Quoting q_import
{quote} wrong chart it seems as the reasoning for entry and exit is misguided. more of a basic approach is needed all of the complexity is getting in the way.
I am anxiously awaiting your guidance for an example of "more of a basic approach"

Please open a TE and explain how it works

Or start with this chart and tell me what is wrong?

Is it too complex for you?

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #2,463
  • Nov 3, 2022 2:48am Nov 3, 2022 2:48am
Quoting Erebus
{quote} I am anxiously awaiting your guidance for an example of "more of a basic approach" Please open a TE and explain how it works Or start with this chart and tell me what is wrong? Is it too complex for you? {image}
I was talking about the timeframe..
Yes to complex for me I like simple things
I am no one who am I to say anything about your methods of trading. I trade this strategy everyday and have no problems though I am not interested in talking about them. Its a good one its never failed me.
I think you are on the right track though good luck..
  • #2,464
  • Aug 16, 2023 8:14am Aug 16, 2023 8:14am
Quoting Erebus
{quote} I am anxiously awaiting your guidance for an example of "more of a basic approach" Please open a TE and explain how it works Or start with this chart and tell me what is wrong? Is it too complex for you? {image}
Hi Erebus, how to get your pricebox? I can't send private message to you..
  • #2,465
  • Aug 17, 2023 4:45pm Aug 17, 2023 4:45pm
Quoting kohalung
{quote} Hi Erebus, how to get your pricebox? I can't send private message to you..
That is the famous Forex Factory Daily Line Boxes by our very own renowned coder extraordinaire, hanover (Legend says he thought he was spelling hangover)

https://www.forexfactory.com/thread/...ines-indicator

All the history there but use the latest and best ever here, by equally talented and famous coder pipsforlife -

https://www.forexfactory.com/thread/...8#post14338428

It takes a lot for me to IGNORE you, but you can try.
  • #2,466
  • Oct 2, 2024 4:03pm Oct 2, 2024 4:03pm
When it works,

All the JPY pairs breakout with weak YEN

Attached Image (click to enlarge)
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It takes a lot for me to IGNORE you, but you can try.
  • #2,467
  • Apr 11, 2025 8:53pm Apr 11, 2025 8:53pm
Works on GOLD, Tuesday was Inside Day

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Apparently, this is called Initial Balance, who knew?
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https://www.forexfactory.com/thread/...3#post15151833
It takes a lot for me to IGNORE you, but you can try.
  • #2,468
  • Jun 21, 2025 4:25am Jun 21, 2025 4:25am
mt5 ea ... for MT concept
Attached File(s)
File Type: ex5 MondayTuesday.ex5   55 KB | 183 downloads
File Type: mq5 MondayTuesday.mq5   103 KB | 224 downloads
  • #2,469
  • Jun 24, 2025 7:23pm Jun 24, 2025 7:23pm
Wednesday Jun 25

XAU Daily MoTu

Attached Image (click to enlarge)
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,470
  • Jul 19, 2025 7:16pm Jul 19, 2025 7:16pm
Coding an MT5 EA to make a decent 15-20 years backtes on real tick data, also will optimize entry, tp and sl fibos
SPB All Time Return: 4.5%
  • #2,471
  • Jul 20, 2025 10:06am Jul 20, 2025 10:06am
First test from 2015 to 2025.07.20, EURUSD:
So, profit factor is pretty low (1.1), decent recovery factor (1.89), sharpe (1.53) and drawdown (9.25%) risking just 1% of the balance on the SL, 1:500.
The problem is the performance curve, it shows reaaaaaally long consolidation periods, from 2015 to 2017.07 you don't really start pumping, then the ATH is on 2019.07, and you're doing nothing but wasting time till today.

This is also with the BEST optimized fibos: entry at 75%, SL at 5% (yes, big) and TP on 105% (ratio of 0.42). but that's the best result, the rest of combinations were loss or really poor (much worse) curves.

No further tests in EURUSD since i don't think it worth, gonna try with something different like gold, will be back!

Edit: made the same test on STANDARD and RAW account, RAW has 0 spread but 6$ comission per lot, STANDARD has just spread, it performs a bit better on RAW, but of course the curve is the same, it just earns a few extra bucks.
Attached Image(s) (click to enlarge)
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SPB All Time Return: 4.5%
  • #2,472
  • Jul 20, 2025 10:27am Jul 20, 2025 10:27am
Sorry, GOLD returned NO profitable combinations in 10 years backtest, testing GBPUSD now, this is probably more a forex tradng strategy.

Update: so sad... GBPUSD had no profitable fibo combination, no profitable at all, testing other pairs, will be back when i have more results.
SPB All Time Return: 4.5%
  • #2,473
  • Jul 20, 2025 11:09am Jul 20, 2025 11:09am
*Sigh* first test on EURUSD gave me false hope for this system, the rest of assets gave no profit or really low profit.

GOLD and SILVER, ... loss.
AUDUSD, NZDUSD small profit (basically an eternal range in growth curve).
EURUSD, USDJPY, USDCHF and US500 at least gave some profit, but curves are also terrible for long term (like ranging 5 years to finally pump a bit and then other 3 years of ranging).

Good luck to your all and thanks for sharing your system anyway
SPB All Time Return: 4.5%
  • #2,474
  • Jul 21, 2025 7:37am Jul 21, 2025 7:37am
Quoting GotyMetal
*Sigh* first test on EURUSD gave me false hope for this system, the rest of assets gave no profit or really low profit. GOLD and SILVER, ... loss. AUDUSD, NZDUSD small profit (basically an eternal range in growth curve). EURUSD, USDJPY, USDCHF and US500 at least gave some profit, but curves are also terrible for long term (like ranging 5 years to finally pump a bit and then other 3 years of ranging). Good luck to your all and thanks for sharing your system anyway

Hello sir... so does this meant this monday tuesday strategy do not work anymore sir?
  • #2,475
  • Jul 21, 2025 9:08pm Jul 21, 2025 9:08pm
Quoting GotyMetal
*Sigh* first test on EURUSD gave me false hope for this system, the rest of assets gave no profit or really low profit. GOLD and SILVER, ... loss. AUDUSD, NZDUSD small profit (basically an eternal range in growth curve). EURUSD, USDJPY, USDCHF and US500 at least gave some profit, but curves are also terrible for long term (like ranging 5 years to finally pump a bit and then other 3 years of ranging). Good luck to your all and thanks for sharing your system anyway

try on gbpusd and eurusd and stick with those pairs
  • #2,476
  • Jul 31, 2025 9:25am Jul 31, 2025 9:25am
Asked the programmer to make an advisor for this strategy. Good result.
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  • #2,477
  • Jul 31, 2025 4:05pm Jul 31, 2025 4:05pm
Quoting Evgmen
Asked the programmer to make an advisor for this strategy. Good result. {image} {image}
What criteria did you use? Buffer, stop loss, take profit, re-entry, entry on opposite signal?

It takes a lot for me to IGNORE you, but you can try.
  • #2,478
  • Aug 2, 2025 9:34am Aug 2, 2025 9:34am
The programmer made some improvements. Added Martin. Opening an additional deal in a week.
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  • #2,479
  • Last Post: Apr 22, 2026 11:48am Apr 22, 2026 11:48am
Quoting transmat
Hello, There are problems with version BO_EA .... V_10_3 for the BreakEven function. On the strategy tester it works well but live often the stopLoss is brought back to the entry point as soon as the order is placed and of course it is executed immediately. So don't use it anymore and I put here version V_8_2 with range limits. Sorry for not being able to resolve this issue at this time. {file} {file} {file}
Nice output!
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