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Attachments: SRDC Episode I
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SRDC Episode I

  • #1,141
  • Jan 18, 2007 8:42am Jan 18, 2007 8:42am
Hi Glitz,

I'm glad that you were able to get the Interbank platform working for you. Now, hopefully, the force will be with all of us come Sunday, and we can make some pips! Looking forward to it.

Feel free to post any questions as you go along. We've got a great bunch here who love to help others thru the learning curves.

Good luck!

Lyn

Quoting Glitz83
LYN/ LMILLS2:
Well I would like to thank You too ^^ It's good to know that I am on the right track ^^ (as u said i got i right lolz) and i have downloaded and started to use the interbank platform ^^ IT looks great^^ by allowing the Sunday Holy,Tiny,Handsome,Awesome....(awww stop it), well----> all I wanted to say afterall is that it makes the SUnday candle visible during my SUnday ^^
And it's glad to expect that this Sunday will be a great great sunday for me with the presence of the tiny little CANDLE !!! haha^^ well i have to thank u again ^^

THX TO MASTER ROSHAN^^ FOR MAKING ALL THE PIPS POSSIBLE FOR US HARVEST !!! SRDC ROX ^^ yay~~

GOOD LUCK TO EVERYONE, MAY THE ORANGE PIPS BE WITH U ^^
  • #1,142
  • Jan 18, 2007 8:42am Jan 18, 2007 8:42am
I'm pretty sure I've been through all the postings by now, so I don't think I've seen this.

Anyone do, or suggest trading both the euro/dollar and Cable? The last few weeks both trades have been opening at almost the same time, and they stay open and close roughly in the same timeframe too.
Maybe it's a silly question, but would it be more worthwhile to trade two lots(hypothetically) on one pair than a "lot"(quotes in case it's a microlot) on both pairs? Has anyone ever gotten wiped out on one pair and the other was a take profit?
I like yen and aussie/dollar too. Trying CAD/USD but orders aren't going through sometimes.
But if eurodollar and cable are doing the same thing, I'm wondering if there's any chance of playing both pairs can hurt or help if they're acting as twins.
I love seeing two pairs take profit too.
  • #1,143
  • Jan 18, 2007 9:26am Jan 18, 2007 9:26am
hi did you get your EA developed yet?

Quoting OrangeRoshan
Hi Traders,

Ive been away for quiet sometime due to personal and business reasons. But everything is Pipastic!

Im a starting this new thread to help newbies like me to add to our ever growing need to learn and grow. Not to compare and judge but to expand our knowledge in this exciting new era of electronic fx trading where anyone can participate to trade forex and transform their lives forever.

Another reason is, after many months of forward testing this method (out of 9 that my team develops), i think, its time to EA it on MT4. You will know the reason why, i need to EA this method after reading the attach document.

Its a very simple method and very effective. Excellent for newbies and professional alike.

So, EA programmers out there, please take a look at it and when you dont mind, help us to create an EA of this method and let the fun begin!

Humbly yours,
OrangeRoshan

p/s Constructive Ideas and help welcome!
  • #1,144
  • Jan 18, 2007 9:28am Jan 18, 2007 9:28am
Hi,
Did you get EA developed for your trading method yet?


Quoting OrangeRoshan
Hi Traders,

Ive been away for quiet sometime due to personal and business reasons. But everything is Pipastic!

Im a starting this new thread to help newbies like me to add to our ever growing need to learn and grow. Not to compare and judge but to expand our knowledge in this exciting new era of electronic fx trading where anyone can participate to trade forex and transform their lives forever.

Another reason is, after many months of forward testing this method (out of 9 that my team develops), i think, its time to EA it on MT4. You will know the reason why, i need to EA this method after reading the attach document.

Its a very simple method and very effective. Excellent for newbies and professional alike.

So, EA programmers out there, please take a look at it and when you dont mind, help us to create an EA of this method and let the fun begin!

Humbly yours,
OrangeRoshan

p/s Constructive Ideas and help welcome!
  • #1,145
  • Jan 18, 2007 9:30am Jan 18, 2007 9:30am
Hi,
Did you get EA developed for your trading method yet?


Quoting OrangeRoshan
Hi Traders,

Ive been away for quiet sometime due to personal and business reasons. But everything is Pipastic!

Im a starting this new thread to help newbies like me to add to our ever growing need to learn and grow. Not to compare and judge but to expand our knowledge in this exciting new era of electronic fx trading where anyone can participate to trade forex and transform their lives forever.

Another reason is, after many months of forward testing this method (out of 9 that my team develops), i think, its time to EA it on MT4. You will know the reason why, i need to EA this method after reading the attach document.

Its a very simple method and very effective. Excellent for newbies and professional alike.

So, EA programmers out there, please take a look at it and when you dont mind, help us to create an EA of this method and let the fun begin!

Humbly yours,
OrangeRoshan

p/s Constructive Ideas and help welcome!
  • #1,146
  • Jan 18, 2007 10:06am Jan 18, 2007 10:06am
Fellow Padawans and Jedis,

Please find below the first draft of a document which seeks to unite the methodologies of both basic SRDC and SRDC Advanced Level I. This process forms part of an effort to get our documentation up to date and consistent and controlled across all systems.

Of course the majority of this document is based on the splendid efforts of Master Roshan.

I would like some feedback on the format and content. In particular, as long as these suggestions fall within the spirit of SRDC, I would like some ideas on how to include information that newbies and even advanced users may find useful. As an example please review post number 700 on page 47 in this thread: http://www.forexfactory.com/showpost...&postcount=700

Personally I think some of the charts could be clearer. Any offers?

I need to confirm with Henry first, but I may also be helping him update the SRDC II document to include CCI, ZigZag, further information on 15 minute, 6th candle etc. So, that will hopefully follow soon.

Regards,
Attached File(s)
File Type: pdf SRDC_method_v1.0.pdf   165 KB | 2,681 downloads
  • #1,147
  • Jan 18, 2007 10:10am Jan 18, 2007 10:10am
Thank you for your reply. I was refering to someones post yesterday or the day before. Have a read. But you are right in most cases people are very helpful. I never denied that. Many people have helped me and you in this forum.

There are many categories of posters. All you can do is make sure your poster falls in the same category as mine, that is the 'good' category.

I still hold the comment I made in my last poster about realism.

Thank you for your links.
Regards

Quoting exastris
Hi,

Realism:

(I'm not too sure who the 'we' are to which you refer.)

Anyway, I have read through this thread, and other SRDC threads, several times and have seen numerous upon numerous examples of people who have reported bad trades and have had their comments kindly answered with explanations as to why those trades may have failed. Often a fruitful and friendly dialogue will spring out of such encounters.

(As an aside, I wonder what percentage of "bad trade posts" as you define it have resulted in "only positive posts are welcomed" replies?)

On the other hand there are other categories of poster. For example, I have seen examples of people who have clearly not done any homework whatsoever - surely the minimum requirement for entry into constructive dialogue.

They have not read this thread or any other SRDC thread for that matter, threads which can be easily found using the simple search mechanism at ForexFactoy; or at the very least read the literature associated with this method, which members of this thread constantly remind them can be found at:


OrangeRoshan SRDC method.doc (112.5 KB, 4313 views)
(SRDC1 pg.1/post#1)

SRDC Level II - V2.pdf (856.1 KB, 243 views

(SRDC 2 PG.70/POST#1039

http://www.accrete.com/fx-srdc/


Finally, there is also another category of poster I would like to address, and this is the one who is cleary well informed about trading, who tells of a bad trade (usually an invalid one as defined by SRDC rules), who is then informed as to why that trade failed, who then refuses to accept that feedback and still continues to 'trash' the system.

You are right, OR has put alot of effort in this thread and forum and he should be thanked. But surely he also deserves some level of respect and support from new and long standing members.

We are all here to learn and welcome the opportunity to do so. Nobody is opposed to sincere, healthy constructive criticism.

With respect to an EA, does this help?:

http://www.forexfactory.com/showpost...8&postcount=27

Regards,
  • #1,148
  • Jan 18, 2007 11:43am Jan 18, 2007 11:43am
Quoting OrangeRoshan
Yupz, I have an aperantice who changed the rule and trade using lower time frame. The result: Disasterous! Daily candles gives a save Margin of pips especially during news. When it penetrates, it PENETRATES like a jedi saber!

Try this: 5 pips only for each major pairs. The 3 monkeys I mentioned in my doc, will give u 15pips total of quality pips!

Fomula: 5pips + spread + 1pip: SL Zero (or 25 for you maybe, hehehee)

Put pending orders on a finish daily candle (like when we straddle). Goto sleep and see your account gain weight the next day!

All the best lol
Hi Roshan,
You explain your method soooo... confidently! I know success follows the trader if he follows his method with confience. Thanks a lot.
Please clarify this: The formula you mentioned above ( Fomula: 5pips + spread + 1pip), is it for entering a trade or is it the profit target? (If it is the profit target, then what is the entry point?)
Thanks.
-Chan
  • #1,149
  • Jan 18, 2007 11:57am Jan 18, 2007 11:57am
Quoting Chandra
Hi Roshan,
You explain your method soooo... confidently! I know success follows the trader if he follows his method with confience. Thanks a lot.
Please clarify this: The formula you mentioned above ( Fomula: 5pips + spread + 1pip), is it for entering a trade or is it the profit target? (If it is the profit target, then what is the entry point?)
Thanks.
-Chan
I believe that he said to include spread AND 1 or 2 extra safety pips and that's it. Adding an extra 5 pips would be up to you I guess......
"Lunch ? Lunch Is For Wimps !"
  • #1,150
  • Edited Jan 19, 2007 12:08am Jan 18, 2007 12:14pm | Edited Jan 19, 2007 12:08am
welcome
read the original document carefully and u will find that it is explained in detail.
Anyway heres what i understand
ENTRY for long signal:
High+ 1+ spread
e.g suppose high is 1.9652
spread is 4 pips then
entry = 1.9652+1+4= 1.9657
SHORT ENTRY:
low - 1 - spread
e.g Suppose low is 1.9452
then 1.9452-4-1= 1.9447
Take profit: look for 5 pips, if u want more there's no stopping
Please be aware of high, lows and imp points of resistence before enetering as described in the original documents

Master roshan says " 0 pips are better than -10 "
peace.
learn something everyday
  • #1,151
  • Jan 18, 2007 12:15pm Jan 18, 2007 12:15pm
Quoting MrFuture
Well, most people suggest 30 pips SL, which would still kill a good number of good trades (6). Now, here's the problem; if you are going to place a bigger SL, you may get stopped less times, but when you do get stopped, it will be huge. Placing a smaller SL instead will stop you more times and you will risk getting stopped even during good trades.

What to do ? Well, what I am doing is demoing this baby like crazy in order to come to the conclusion on whether or not the winning trades will always be more than the losing ones with a 30 pips SL. If it works out, then great, if it doesn't, then it will be just like any other system where it has the potential to do good but each individual's fears and guts will determine how profitable it is.

Like some suggested don't only think at 5 pips TP, 'cause most of the times it is more than that, therefore it has the potential to kill the losses. But, do you have the time to baby sit the trade for one entire day and don't sleep ?

I guess that only by continuing demoing it we will be able to draw some statistics on this system and make adjustments.

Peace
Well said.
SL is the question-
and TP should be higher if you could do it to compensate for the loss.

I think you can modify this to your own strategy...but OR says no SL, or may be 30 - 50 pips...

But I think if you use less leverage then that would be fine, but then if you use lesser leverage then the 5 pip wont be much either.


Scarry huh?


good point, but still working on the SL.
Pipology 101 student
  • #1,152
  • Jan 18, 2007 1:46pm Jan 18, 2007 1:46pm
hi
would like to thank OR and everyone in the thread. I m completely new to this forex stuff and i ve been usind srdc in demo for three weeks and in live account for one week. Almost all trades were profit. Been doing this: Buy at high + spread +1, sell at low - spread -1, SL 35, TP1 5, TP2 10, TP3 15. i was more profitable when not moving SL to breakeven after TP1, although i feel safer doing that (can someone with more experience give a opinion on that?)
thanks to all
  • #1,153
  • Jan 18, 2007 7:08pm Jan 18, 2007 7:08pm
Hello fellow traders.

Today's GBPUSD trade looks a little tricky, 'cause we are already pretty high and I do not know if it will go any higher....just be careful.

On the other side, EURUSD looks perfect on the way up....it is almost screaming for some serious uptrend...but with these markets who can tell really...but the chart looks fine.

AUDUSD unfortunately went up too quickly for me to even place the trades...oh well, another day I guess.....

IMO EURUSD will do good going up but I am uncertain on GBP's direction....

Have fun

Future
"Lunch ? Lunch Is For Wimps !"
  • #1,154
  • Jan 18, 2007 7:15pm Jan 18, 2007 7:15pm
I was thinking....what if most people who start using this method become profitable, and then as a result the word spreads around and most world traders use this system....don't you think that some MOFO brokers could start an alliance with other MOFO brokers to don't allow this kind of trading ?

It is scary but once they realize that most poeple trade it successfully they could either increase spreads making it more difficult to catch even 5 pips, or create a new rule on placing orders......


I know, we do not need to be pessimistic, but I know that if this system is the real deal soon everybody will be using it and I wonder how the brokers will handle it.........

Future
"Lunch ? Lunch Is For Wimps !"
  • #1,155
  • Jan 18, 2007 7:44pm Jan 18, 2007 7:44pm
Quoting MrFuture
I was thinking....what if most people who start using this method become profitable, and then as a result the word spreads around and most world traders use this system....don't you think that some MOFO brokers could start an alliance with other MOFO brokers to don't allow this kind of trading ?

It is scary but once they realize that most poeple trade it successfully they could either increase spreads making it more difficult to catch even 5 pips, or create a new rule on placing orders......


I know, we do not need to be pessimistic, but I know that if this system is the real deal soon everybody will be using it and I wonder how the brokers will handle it.........

Future
He.he.he....Mr Future, that's why in my previous post I don't want even to show up my excel calculation, as the result will make the brokers angry and doesn't allow us to trade with this method. Then why should we wait? We are racing againts them now...................LOL..... Just Kidding !!!

But, there are still episode 2, 3 , 4 and so on from this method..he.he.he..
  • #1,156
  • Jan 18, 2007 8:14pm Jan 18, 2007 8:14pm
Just cashed in on my 5 pips on the EURUSD Yeah !

Future
"Lunch ? Lunch Is For Wimps !"
  • #1,157
  • Jan 18, 2007 8:21pm Jan 18, 2007 8:21pm
Quoting MrFuture
Just cashed in on my 5 pips on the EURUSD Yeah !

Future
How?? The high is 2985, and it just now hitting it.
Steve
  • #1,158
  • Jan 18, 2007 8:27pm Jan 18, 2007 8:27pm
Quoting PipSteve
How?? The high is 2985, and it just now hitting it.
I use metatrader through strategybulder and my high was 2977.

I had my order at 2981 (spread 3 + safety 1) and got out at 86.....

What do you use ?

Future
"Lunch ? Lunch Is For Wimps !"
  • #1,159
  • Jan 18, 2007 8:48pm Jan 18, 2007 8:48pm
Ok, some numbers now:

I've been trading the system since 1/12/07

GBPUSD - 5 Trades, all reached TP of 10 pips : $500.00

EURUSD - 5 Trades, 4 reached TP of 5 pips, 1 Stopped at SL 30 : -$100

AUDUSD - 1 Trade, Reached TP of 5 pips : $50.00

TOTALS:

TRADES: 11
WINNERS: 10
LOSERS: 1

PIPS: 55 = $ 550.00

Important NOTE: The only loser was the result of the trade hitting my SL of 30 PIPS. However, after doing that it went back in the right direction and ended positively...in other words, without the SL it would have ended profitable.

So far, so good......

Future
"Lunch ? Lunch Is For Wimps !"
  • #1,160
  • Jan 18, 2007 9:27pm Jan 18, 2007 9:27pm
I'm afraid of it spreading for the wrong reasons too.

Made my first $$ today on euro/dollar.

I agree Cable is a little dodgy, the HOD is right on resistance. I want to trade yen, but it's soo high I'm not sure how to handle it. Will it encounter any resistance flying up to these new highs, or will it continue it's uptrend smoothly?
AUD already broke a high of day, but at a 00 it reversed, don't like 00's, always a barrier. And other pairs I'm testing. Other than if i touch yen live, guess it won't be a multiple trade night for me, trying to be cautious while building the account.

Anyway, just wanted to share my milestone, and add my two cents to what Mr Future said regarding Cable.
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