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SRDC Episode I

  • #861
  • Jan 4, 2007 5:01am Jan 4, 2007 5:01am
yeah i think with srdc you take you 5 pips first and foremost, and then u can let it run if u want more pips.
i had 14 wins and one loss with srdc I, and the one loss was on usd/chf which is not recommended.
made 90% ROI in 14 days
too bad it was just demo....
Also i felt it was a clear case of stop hunting as the price was nowhere on the charts on any platform but i got stopped out.
so in my opinion gbp and usd are the safest, cause of the daily range > 100 pips.
SRDC II, now that is turning out to be much more profitable for people but i am really confused with it.
take care
learn something everyday
  • #862
  • Jan 4, 2007 6:06am Jan 4, 2007 6:06am
Hello my Fellow Padawans:

We now have, a channel in TeamSpeak that will be available to discuss the SRDC and SRDC Advanced Part 1. This will be the only method discussed and beginners are most welcome to join in. It is recommended that you read the SRDC thread first so that our discussions can focus of finetuning your trades. I have volunteered along with other members of TS to help out whenever possible. We are planning to be in the TS room at the start of the new Daily Candle (7pm est) and at those critical moments when we are close to breaking the Support/Resistance level. If there is anyone else that wants to volunteer to serve as host/moderator or has any suggestions please contact TraderBill or Preacher165.

C U THERE
All 4 1 and 1 4 All
  • #863
  • Jan 4, 2007 6:28am Jan 4, 2007 6:28am
Quoting Matiasfx
Hey guys.. i have made a PDF file with all the OrangeRoshan important posts for me so i dont need to read all the thread everytime i need a refresh of the importants things.. this one is about the SDRC I.. i will do SDRC II later and i will post it in the other thread.. i Hope Some of u find it usefull....

My best regards to all of u guys.

Matty
Matty,

Thatīs very cool, thank you.
Pablo
  • #864
  • Jan 4, 2007 9:49am Jan 4, 2007 9:49am
Good Job Matiasfx!!

This is a great tool for someone just coming into SRDC and those of us that need a refresher course every so often. Much easier to read.

There sure are a great group of traders here in SRDC I and SRDC II threads that are willing to help each other. I am glad to be a part of this group.

Join in Teamspeak when you can.
  • #865
  • Jan 4, 2007 10:20am Jan 4, 2007 10:20am
Quoting Matiasfx
Hey guys.. i have made a PDF file with all the OrangeRoshan important posts
Hey Matty nice work, it is now also listed at our resource page!

Remember one and all, let me know if you have an SRDC goodie that you believe will help the gang and it will be posted for all at the RP.

Cheers,
Thom
  • #866
  • Jan 4, 2007 3:03pm Jan 4, 2007 3:03pm
Hi All, I am newbie to the forex. I am using mettrader 4 for charting. can anyone tell me how to use & understand the trend line.
  • #867
  • Jan 4, 2007 5:21pm Jan 4, 2007 5:21pm
If you missed joining the SRDC Teamspeak room aka "Pipville" today, you missed a fantastic session. Once again we traded SRDC I and made more pips than yesterday. This method again proved it is one of the most winning in the Forex world. We were also able to take some money from the news of the day because we had faith in the channel and understood where we were heading after the news release. OrangeRoshan is now in the room and is once again helping us to stay focused and follow the method correctly every time. I am very proud of the people in the room today. We worked very well together and so many contributed to the success of the entire room. We welcome everyone to join us again tomorrow and see what happens.

Traderbill
  • #868
  • Jan 4, 2007 5:44pm Jan 4, 2007 5:44pm
Matias,
I must that was a job well done. Many will benefit from your efforts and welcome to the SRDC family. Hope to see you in the Team Speak Room.
  • #869
  • Jan 4, 2007 6:17pm Jan 4, 2007 6:17pm
Thank u very much Army for the wellcome.. im glad to be here..

cya in the room
Matty
  • #870
  • Jan 4, 2007 7:29pm Jan 4, 2007 7:29pm
Are you guys trading the original or advanced session?

Quoting Traderbill07
If you missed joining the SRDC Teamspeak room aka "Pipville" today, you missed a fantastic session. Once again we traded SRDC I and made more pips than yesterday. This method again proved it is one of the most winning in the Forex world. We were also able to take some money from the news of the day because we had faith in the channel and understood where we were heading after the news release. OrangeRoshan is now in the room and is once again helping us to stay focused and follow the method correctly every time. I am very proud of the people in the room today. We worked very well together and so many contributed to the success of the entire room. We welcome everyone to join us again tomorrow and see what happens.

Traderbill
  • #871
  • Jan 4, 2007 9:27pm Jan 4, 2007 9:27pm
Quoting Lamdun
Are you guys trading the original or advanced session?
Good question Lamdun. We had users using both methods, but I think most went with SRDC I because the price was moving straight down and quickly.

Hope that helps,

Traderbill
  • #872
  • Jan 5, 2007 9:33am Jan 5, 2007 9:33am
Quoting Army1
Matias,
I must that was a job well done. Many will benefit from your efforts and welcome to the SRDC family. Hope to see you in the Team Speak Room.
Matias,

You have done everyone a great service.

Thank you very much.

Lou
  • #873
  • Jan 5, 2007 5:34pm Jan 5, 2007 5:34pm
Hi gang, just finished uploading one of the latest TS visits by Orange, is is of Jan 3rd and on the Audio Visual Files page link at the resource page.

Have a great weekend,
Thom
  • #874
  • Jan 5, 2007 6:29pm Jan 5, 2007 6:29pm
Todays trading in the Teamspeak room was a little more difficult than usual. We started the day by taking an early SRDC I trade and most of the users had between 20 and 40 pips in the bank before the day had begun. Some users, myself included, decided to trade SRDC Advanced and that one took much longer and lots of patience to pay off, but it did. The day was not perfect and the people in TS are honest and want everyone to know the good, and the bad. Many of us took a retracement trade going long (against trend) based on good indicators. The candles were right and all time frames seemed to point to that retracement. There were some pips made but there were also some given back. It certainly was not the thrilling day we had one month ago on that Non Farm Payroll day. I am proud of the users in TS and win or lose today you can bet they are planning for a great week ahead, and you know what? It will be a great week ahead because we have the method and we have the people.

On a sad note, there were two users that were banned from TS today for bad behavior and disrupting the rest of the room. This was the first time I have had to use this measure but I can assure you I will do it again to protect the serious traders in our room. Newbie and Seasoned Trader, all those who come into the TS room deserve to have a good day of trading and learning without being hassled by a few.

Good luck and see you next week,
Traderbill
  • #875
  • Edited 10:46pm Jan 5, 2007 9:57pm | Edited 10:46pm
Hi guys,

OK, here's my contribution to the SRDC method. After some testing I am declaring its use on shorter timeframes a howling success. My variation - which Orange Roshan called "SRDC I Advanced Strategy Part 5" when jest1081 preempted it earlier in the week (see SRDC II thread), but which I had developed independently prior to that - consists of using the attached custom indicator interactively. Really good for you guys who like scalping.

Watch the pair of your choice, and when the candle breaks the 4-hour line - either up or down - switch to the 5 minute charts. If a new candle is formed completely outside the indicator's lines, bid in the direction it went. i.e. if we went out the top, buy and if we went out the bottom, sell. You can easily make 5-10 pips here, often more. Check back on your charts to see the types of breakout that can occur, and study them well.

Practical application tells me that if the breakout is violent, it is likely that the majority of it will be in that first breakout candle and you should be cautious. But in normal trading conditions, a breakout over the 4-hourly will usually make you some pips. The usual warnings about news events should be heeded, of course.

Enjoy!

Rob
Attached File(s)
File Type: mq4 HiLoH4.mq4   2 KB | 647 downloads
  • #876
  • Edited 10:35pm Jan 5, 2007 10:07pm | Edited 10:35pm
Quoting hensch
I've also back tested Skyline's EA with same positive results as AHA.

Haiqu, to keep the cooperative spirit of the thread, it would be great if you could also, at anytime, share your EA in here.

Best,

Henry
Hi Henry,

(Also to cbrock5000 and aha) I haven't written an EA for SRDC I and have no plans to do so. My testing of Skyline's EA confirms that it's a marginal system which only works on a highly tuned set of parameters. See the above post for a 4-hour variation that's a bit more useful.

Thanks,

Rob

p.s. If any admin can tell me how to disable the automatic subscription to the forum digest every time I post a message, I'd be eternally grateful. :-)
  • #877
  • Jan 5, 2007 10:13pm Jan 5, 2007 10:13pm
Quoting OrangeRoshan
This indicator will be useful for SRDC I Advanced strategy Part II.
Thanks.
No problemo. I have now changed it again, so that the median (average) line can be turned off. Attached.

Rob
Attached File(s)
File Type: mq4 HiLoAvg.mq4   2 KB | 678 downloads
  • #878
  • Jan 5, 2007 10:38pm Jan 5, 2007 10:38pm
haiqu- i thought that your 4hr method was using the 4hr hi/lows instead of the daily hi/lows. But your indicator is using the daily ones. If so, from what I understand, isn't it basically just the daily SRDC advanced method but using the 5 minute candles to confirm the breakout instead of the 15 minute candles?
  • #879
  • Jan 5, 2007 10:41pm Jan 5, 2007 10:41pm
Quoting Lamdun
haiqu- i thought that your 4hr method was using the 4hr hi/lows instead of the daily hi/lows. But your indicator is using the daily ones. If so, from what I understand, isn't it basically just the daily SRDC advanced method but using the 5 minute candles to confirm the breakout instead of the 15 minute candles?
I havent taken a look at it yet, but yes, it should be using 4hr Hilo...I have one version of the 4hr hilo, programmed for me by Aha, but the prob is everytime a new 4hr candle forms, the lines just multiply.
  • #880
  • Jan 5, 2007 10:50pm Jan 5, 2007 10:50pm
Quoting Lamdun
haiqu- i thought that your 4hr method was using the 4hr hi/lows instead of the daily hi/lows. But your indicator is using the daily ones. If so, from what I understand, isn't it basically just the daily SRDC advanced method but using the 5 minute candles to confirm the breakout instead of the 15 minute candles?

I posted TWO indicators today. One was the four-hourly and the other was a revised daily. Go back one page.

Rob
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