Monday/Tuesday Breakout EA | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simple Monday-Tuesday System (attached calculator) 2,478 replies

Next Crash on October 20, Tuesday? 38 replies

Isn't New York closed Tuesday? 1 reply

UK News - Tuesday Morning 53 replies

Quick dumb question - markets open Monday? 9 replies

Attachments: Monday/Tuesday Breakout EA
Exit Attachments

Monday/Tuesday Breakout EA

  • #341
  • Apr 19, 2021 3:36am Apr 19, 2021 3:36am
Quoting Erebus
is anyone still running this EA? or perhaps Paul, can you backtest last week? I see a great hit rate, reference to the original thread no buffer, and strict 2 to 1 TP https://www.forexfactory.com/thread/...9#post13500589 I found a key criterion was that the Mon Tue range was low volatility, staying close to the range of only 1 day of ADR(20) Comments? {image}
Happy new week sir still on standby
  • #342
  • Apr 19, 2021 7:27am Apr 19, 2021 7:27am
Quoting PaulDV
{quote} Hi Erebus! An interesting observation. What margin are you using for the comparison with the ADR? It looks like 20%-25% would have kept out of losing trades pretty well.
I'm not using any; it was just a review of the week, and I read that many had a tough week.

However, I don't expect the same every week, especially this week, at least not on the same pairs for sure.

I see GBP is taking off very strong on Monday
It takes a lot for me to IGNORE you, but you can try.
  • #343
  • Apr 19, 2021 5:48pm Apr 19, 2021 5:48pm
Quoting PaulDV
I'm back on the case! The next version will include an optional trend filter, which will take a trade only in the direction of the detected trend. The visuals are also updated to show only the necessary guides for the current trend. Screenshots from AUDJPY: 1) Long trend - trade taken would have been a win. {image} 2) No trend - no trade would have been taken, keeping you out of a losing trade. {image} 3) Short trend - no trade would have been triggered, which would have kept you out of a wild ride for the week! {image}
Dear, can you share your settings and TF
  • #344
  • Apr 19, 2021 5:56pm Apr 19, 2021 5:56pm
Quoting Erebus
is anyone still running this EA? or perhaps Paul, can you backtest last week? I see a great hit rate, reference to the original thread no buffer, and strict 2 to 1 TP https://www.forexfactory.com/thread/...9#post13500589 I found a key criterion was that the Mon Tue range was low volatility, staying close to the range of only 1 day of ADR(20) Comments? {image}
What template are you using? Is it different from Paul's?
  • #345
  • Apr 19, 2021 10:31pm Apr 19, 2021 10:31pm
Quoting FX6588
{quote} What template are you using? Is it different from Paul's?
MY own, can't you read on the charts?

NOT running the EA

Just did a review of the past week.
It takes a lot for me to IGNORE you, but you can try.
  • #346
  • Jun 13, 2021 6:07pm Jun 13, 2021 6:07pm
PaulDV Seems there is a Zero Divide Error with the EA. See below for what my log says.

1 18:03:46.360 MoTuBo_EA 1.091 U30USD,H1: zero divide in 'MoTuBo_EA 1.091.mq4' (808,63)
3 18:03:46.360 MoTuBo_EA 1.091 U30USD,H1: not initialized
0 18:03:46.360 MoTuBo_EA 1.091 U30USD,H1: uninit reason 8
0 18:03:46.360 Expert MoTuBo_EA 1.091 U30USD,H1: removed
  • #347
  • Mar 23, 2022 9:10am Mar 23, 2022 9:10am
Quoting PaulDV
Monday/Tuesday Breakout EA Note: this thread is NOT about discussing this very simple strategy.
Hi PaulDV,

This is my first FF post, so a little about me before I get my begging bowl out! :-)

I'm UK-based and have been trading forex for over 10 years with positive results. I was first introduced to this strategy, early 2019, and since it has been my go-to strategy and a very successful one at that! I was quite keen to use your EA, and have been doing so for over two months. It does what it says on the tin, with an excellent set of options and MM methods. Kudos to you Paul!

I also trade a "Daily" version of this, with the box drawn between 00:00-09:00 candles, UK time. For this method, I also use a number of indicators to conform entry, but nonetheless, another profitable strategy.

My request is for the EA to have an option to set the start and end times for the MoTu box or certainly to set the server time offset. Why? In order to allow broker's server time variances. With my current broker, UK midnight is 03:00 server time. It'd be great to have this as an option.

It is true that one setting does not fit everyone's trading styles. Everyone needs to test and optimise for their balance, broker and style. Thankfully, over the last four years, I've pinned it down for me.

I'm not sure if you're actively developing this, or if you have conditions to continue development. If I can help facilitate this, please let me know.

I recall seeing something that you've been working on additional filters, but can't seem to locate that version. Any pointers would be apreciated.

Once again, A cracking job!

Best wishes
Abdul-Khaliq
  • #348
  • May 20, 2023 2:25pm May 20, 2023 2:25pm
Are there any Setfiles available ? When i use at is it loses every Trade on any major Pairs
  • #349
  • Last Post: Nov 7, 2025 2:17am Nov 7, 2025 2:17am
Quoting PaulDV
{quote} Hi Erebus! An interesting observation. What margin are you using for the comparison with the ADR? It looks like 20%-25% would have kept out of losing trades pretty well.
How to run EA
0 traders viewing now