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Attachments: SRDC Episode I
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SRDC Episode I

  • #541
  • Nov 21, 2006 12:04pm Nov 21, 2006 12:04pm
Quoting PipControl
I make 6 pips. Did I do it right?
Well Pip, if you are happy with 6 pips, that's alright.
Regards
  • #542
  • Nov 21, 2006 12:43pm Nov 21, 2006 12:43pm
PipControl,

Can you please post the indicator you are using.

FJ

Quoting PipControl
I make 6 pips. Did I do it right?
Stacking pips since 2002
  • #543
  • Nov 21, 2006 12:59pm Nov 21, 2006 12:59pm
Quoting forexjedi
PipControl,

Can you please post the indicator you are using.

FJ
It is not mine to post.
  • #544
  • Nov 21, 2006 1:58pm Nov 21, 2006 1:58pm
Price cross dark red line but I no trade.
Attached Image
  • #545
  • Nov 21, 2006 1:59pm Nov 21, 2006 1:59pm
Price too high on daily chart.
Attached Image
  • #546
  • Nov 21, 2006 2:04pm Nov 21, 2006 2:04pm
Hi, This looks nice, where could I go to get this indicator?

Quoting PipControl
It is not mine to post.
  • #547
  • Nov 21, 2006 2:13pm Nov 21, 2006 2:13pm
Quoting stevejames
Hi, This looks nice, where could I go to get this indicator?
I use eSignal charts.
  • #548
  • Nov 21, 2006 7:01pm Nov 21, 2006 7:01pm
OrangeRoshan, your system seems to work but with the gbpusd spread being 4 pips, going for 5 pips only nets 1 pip. I know you can triple your money with 1 pip a day in a year but you only make real money if you either have a big account to start with or risk most of your small account unless I don't understand. Do you avoid the higher spreads?
  • #549
  • Nov 21, 2006 7:17pm Nov 21, 2006 7:17pm
Quoting Playing4Pips
OrangeRoshan, your system seems to work but with the gbpusd spread being 4 pips, going for 5 pips only nets 1 pip. I know you can triple your money with 1 pip a day in a year but you only make real money if you either have a big account to start with or risk most of your small account unless I don't understand. Do you avoid the higher spreads?
How do you avoid higer spreads?
  • #550
  • Nov 21, 2006 9:52pm Nov 21, 2006 9:52pm
Quoting etoilethay
I am not getting the best results with the automatic EA written by Skyline. my losses are more than my gains. I am a newbie though and not sure if I am making mistakes. Can someone please post their manual entries and exits for one of the trades just so as i compare them to mine. See if I am doing the manual trades wrong or right. Much appreciated
Lena
I would not be too concerned that the SRDC method as we now understand it is not making profits long-term (whether you use an EA or do manual trades). As the author has mentioned, the SRDC method consists of 4 levels. My understanding of his approach to teaching the method to beginners is that we will need to understand each level thoroughly before the next is presented. Trade only on a demo for now - you will have ups and downs but the main idea now is to understand how level 1 works, not to make profits.

I've done quite a bit of testing (and attempts at optimizing) with an EA of my own based on level 1. I have not found any settings that will consistently make money with the information we now have so I'm waiting patiently for the author to reveal level 2.

Hang loose, have patience, be sure you understand the material presented so far and we'll all se what happens next...
Old Benjamin was right
  • #551
  • Nov 21, 2006 10:08pm Nov 21, 2006 10:08pm
Quoting Playing4Pips
OrangeRoshan, your system seems to work but with the gbpusd spread being 4 pips, going for 5 pips only nets 1 pip. I know you can triple your money with 1 pip a day in a year but you only make real money if you either have a big account to start with or risk most of your small account unless I don't understand. Do you avoid the higher spreads?
5pips - 4pips = 1pip? 1pip aday? Are you sure i teach that?

Messa think, NOT!
Change Your Thinking. Change Your Life - JD
  • #552
  • Nov 21, 2006 10:15pm Nov 21, 2006 10:15pm
Quoting stevejames
How do you avoid higer spreads?
As the name suggests, AVOID!! so avoid higher spread pair then. Stick withs currency with low spread.

Anyway, Playing4pips misunderstood the method. The 5pips is after the spread, and you dont have to get 5pips only. You can have more. Thats just basics.
Change Your Thinking. Change Your Life - JD
  • #553
  • Nov 21, 2006 10:27pm Nov 21, 2006 10:27pm
Quoting Lou G
I would not be too concerned that the SRDC method as we now understand it is not making profits long-term (whether you use an EA or do manual trades). As the author has mentioned, the SRDC method consists of 4 levels. My understanding of his approach to teaching the method to beginners is that we will need to understand each level thoroughly before the next is presented. Trade only on a demo for now - you will have ups and downs but the main idea now is to understand how level 1 works, not to make profits.

I've done quite a bit of testing (and attempts at optimizing) with an EA of my own based on level 1. I have not found any settings that will consistently make money with the information we now have so I'm waiting patiently for the author to reveal level 2.

Hang loose, have patience, be sure you understand the material presented so far and we'll all se what happens next...
Wellsaid Lou.

Many i saw didnt understand the method, even it is sooo simple. Some didnt read the whole thread, or my whole posts. Quiet frustrating.
or is my english really that bad?? LOL

Anyway, stay sidelined for now, dont trade as holiday season is approaching. There are many Stoploss hunter around. Just practice, practice and Practice!!

May the turkey be on my plate!!
Change Your Thinking. Change Your Life - JD
  • #554
  • Nov 22, 2006 7:53am Nov 22, 2006 7:53am
Quoting OrangeRoshan
Wellsaid Lou.

Many i saw didnt understand the method, even it is sooo simple. Some didnt read the whole thread, or my whole posts. Quiet frustrating.
or is my english really that bad?? LOL

Anyway, stay sidelined for now, dont trade as holiday season is approaching. There are many Stoploss hunter around. Just practice, practice and Practice!!

May the turkey be on my plate!!
It would be very good for all if this thread could stay on track. I understand that each person who posts their own spin is only trying to help but it does get confusing - much like the game "telephone" played at parties.

I have seen many threads lose direction completely. I remember one on another forum earlier this year - a method called FXovereasy - that started out as a good, simple beginner system but quickly acquired fib lines and camarilla lines, talking indicators and tap-dancing indicators and soon did not even resemble the original method.

Let's not allow that to happen here.

Good holiday to all,
Lou
Old Benjamin was right
  • #555
  • Nov 22, 2006 8:10am Nov 22, 2006 8:10am
@ Lou

well, you want the easy going original sytem from the very beginning of this thread? Ok, no problem. Then just STOP complaining here and finally START to trade it in real life ... and eventually become filthy rich. Sometimes life is really that simple.

  • #556
  • Nov 22, 2006 8:24am Nov 22, 2006 8:24am
Quoting OrangeRoshan
you dont have to get 5pips only. You can have more. Thats just basics.
Yes, but basics must work too. But your idea with the 5 pips is a good method. Probably the best idea of this thread. Without any stop loss you'll reach an accuracy of almost 100%. No stop loss is a problem for you? Well, just risk 10% of your account and everything will work. Easy, isn't it?
  • #557
  • Nov 22, 2006 8:45am Nov 22, 2006 8:45am
I'm re-posting the original SRDC indicator and the EA I use below. After I posted the first version of the indicator I received a request to change it to accomodate different times for starting the "day". I tried to do this but, since I am not a very experienced MQL4 coder, it never worked properly so I gave up for now- perhaps I'll get it working in the future.

The indicator and expert posted run on server time. For me, this is GMT+2 but, as the author of this thread has said, when your server starts the day should have no effect on the functionality of the approach.

The modifiable items in the EA are self-explanatory:

InitialStop - just what it says
TakeProfit - ditto
TrailingStop - if non-zero, will be applied in the normal way
Padding - this is the amount suggested by OrangeRoshan to be added to the price for the stop orders.
StartTime - Not used (see above). Orders will be opened/closed when your server says it is midnight.

The EA has been tested pretty thoroughly and seems to do the basic job. Any problems, please post to the thread rather than PM me.
Attached File(s)
File Type: mq4 #SRDC_Expert.mq4   6 KB | 1,117 downloads
File Type: mq4 #SRDC_Indicator.mq4   2 KB | 1,271 downloads
Old Benjamin was right
  • #558
  • Nov 22, 2006 10:30am Nov 22, 2006 10:30am
Hi Folks!

I just found this thread today and just went through all the posts. Very interesting thread. One question, is the original manual method in post 1 still valid, or has it been changed? If so, is there a newer document on how to trade it? Thank you!

Sir Wolf
Believe and Achieve!
  • #559
  • Nov 22, 2006 10:46am Nov 22, 2006 10:46am
I just discovered that this EA will not function properly if InitialStop is equal to zero. Default is 20 - you can change it if you wish but be sure it's greater than zero. I'll fix it down the road a bit.
Old Benjamin was right
  • #560
  • Nov 22, 2006 11:33am Nov 22, 2006 11:33am
Quoting Geldschlucker
Yes, but basics must work too. But your idea with the 5 pips is a good method. Probably the best idea of this thread. Without any stop loss you'll reach an accuracy of almost 100%. No stop loss is a problem for you? Well, just risk 10% of your account and everything will work. Easy, isn't it?
My backtesting does not indicate that this method (as we know it up to this point) will produce long-term profits, but perhaps you are right. I will be the first to wave as you drive by in your new Lamborghini . I think I'll wait to see what OrangeRoshan has in mind for levels 2,3 and 4.

May the Schwartz be with you...
Old Benjamin was right
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