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SRDC Episode I

  • #1,201
  • Edited 5:20pm Jan 21, 2007 1:23pm | Edited 5:20pm
SRDC rocks!!!!! Thank You Orange!!!!!! JEDI you are!!!!

I almost lost confidence in Forex trading until I started to read Orange’s SRDC I method which is very simple, effective and opened my eyes to a whole new level of trading , SRDC II & III ties a small picture into a much bigger picture.

I started trading Stock Options and Forex three years ago, did a few courses which cost thousand of dollars, and a few times blew away money in my Options and Forex account but never gave up, I kept looking at Candlestick charts to see where I went wrong, than I found the missing link which tied everything together three years later, now I can trade Options and Forex with confidence, Orange has inspired me, I THANK YOU AGAIN Orange!
  • #1,202
  • Jan 21, 2007 1:47pm Jan 21, 2007 1:47pm
I'm looking forward to my first SRDC I Sunday trade tonight, although I don't see the candle on IBFX MT4 yet, I guess it forms at near 24.00 GMT?

I am a little uncertain regarding which method to use, just go for my 5 pips following the basic rule, or play the reverse direction of the Sunday candle.

Any advice from those more experienced (or anyone else!) please?
Full-time trader and loving it!
  • #1,203
  • Edited 3:33pm Jan 21, 2007 1:51pm | Edited 3:33pm
Quoting OrangeRoshan
Yes, 4rex is right. Its not fear motivated but more on discipline. I dont need compliments, but I would expect respect. Respect for the effort that being put here to teach for FREE. Not asking silly questions and demanding an for answers like we are some kind of scam artists! Its insulting!

I didnt create this thread to be question. But rather to teach. Those who wants to learn and need serious help better behave when they want the teacher to teach.

I have over 100+ 1-1 student whom I teach for free (thru recommendations only), where the majority of them are now multi-millionaires. They don't get to this level by questioning the teacher but rather submiting themselves as they know, the teaches posses knowledge that they want to learn and practice. This is not a democracy. All the deleted post are signals to those who posted them that I don't agree with their attitudes.

In another words, don't come into my class when anyone think what i am teaching is rubbish. Anybody who want to come into this thread and question my method better have more than 10 years of experience and at least 8 digit equity as a start. Otherwise, I think its wise to shut-up and learn. Ive never seen a forum or a convention full of failures. Nobody is interested to hear from them!

All my three Episodes are priceless. At least, pay me with respect. Is that too much to ask?

Thank you.
I respect and admire you, and you know that.

I simply tought that Chandra's posts were not evil enough to be deleted or be called a "plant."

This does not change what I think about you or your system.

Thank YOU.....

Future

Its not wise to say when you havent seen all the postS. Anyway, let forget about it. Like you said, lets ignored it. So ignore it, will be.
"Lunch ? Lunch Is For Wimps !"
  • #1,204
  • Jan 21, 2007 6:50pm Jan 21, 2007 6:50pm
for sharing so much of your time! No complaining here! I just glean quietly hoping to understand SRDC more and more. Thanks OR! IMO



Quoting OrangeRoshan
Yes, 4rex is right. Its not fear motivated but more on discipline. I dont need compliments, but I would expect respect. Respect for the effort that being put here to teach for FREE. Not asking silly questions and demanding an for answers like we are some kind of scam artists! Its insulting!

I didnt create this thread to be question. But rather to teach. Those who wants to learn and need serious help better behave when they want the teacher to teach.

I have over 100+ 1-1 student whom I teach for free (thru recommendations only), where the majority of them are now multi-millionaires. They don't get to this level by questioning the teacher but rather submiting themselves as they know, the teaches posses knowledge that they want to learn and practice. This is not a democracy. All the deleted post are signals to those who posted them that I don't agree with their attitudes.

In another words, don't come into my class when anyone think what i am teaching is rubbish. Anybody who want to come into this thread and question my method better have more than 10 years of experience and at least 8 digit equity as a start. Otherwise, I think its wise to shut-up and learn. Ive never seen a forum or a convention full of failures. Nobody is interested to hear from them!

All my three Episodes are priceless. At least, pay me with respect. Is that too much to ask?

Thank you.
  • #1,205
  • Jan 21, 2007 8:17pm Jan 21, 2007 8:17pm
Quoting Digitalis
Interesting stuff. I was on the Teamspeak session just now, going through the losing trade I made yesterday with 4Rex. It's great to talk it through with somebody else, it helped me to see what went wrong.

My trade was SRDC I Advanced when it broke yesterday's high. I followed the rules and lost 30 pips.

I realise now that I made a wrong decision: I decided to be cautious because the price was close to the round number, which could have acted as resistance and so traded the Advanced method.

In fact, what I should have realised is that very often, when a round number is broken, there is a reasonable amount of momentum that generally takes the price up 10-20 pips before it falls back again.

Based on this knowledge, I made the wrong choice of method, I should have used the simple approach, taken the trade when it broke the high and made my 5 pips. A good learning experience!
hi digitalis

can you please explain more about round number?

so if the price near the round number we shoukd use srdc 1 no the advance srdc1?
  • #1,206
  • Jan 21, 2007 8:33pm Jan 21, 2007 8:33pm
Bapho,

A round number like 1.9700 will always act as support/resistance. So will 1.9750 to a lesser extent. Anytime you are looking at an SRDC trade close to 00 level beware.

It's probably best to test trade and stay out of live trades to begin with when trading around a 00 price point. Observe and learn.

Cheers,
Jeff
  • #1,207
  • Jan 21, 2007 8:55pm Jan 21, 2007 8:55pm
Quoting OrangeRoshan

All my three Episodes are priceless. At least, pay me with respect. Is that too much to ask?

Thank you.
I was touched by your above post.

I have been working in a local broker in my country as just an ordinary office staff (not a trader) for 7 years. Among those times I had believed that Forex is crap and only make people loss their money !!!!

I do really mean it when I said that SRDC method (especially the episode 1) has changed the way I see that Forex is profitable with a simple and right method plus discipline. I knew that you must be "something", when I read your words in your previous pdf artice in Tlatomi thread, "Orang Tamak Selalu Rugi" (Tiga Abdul with Tlatomi method), as this kind of words will not come out from a man with short experience in Forex Trading. Pak OrangeRoshan, You've got my great respect !!!! And you deserve more than that !!!

May Allah bless U and your family !!!!
  • #1,208
  • Jan 21, 2007 10:20pm Jan 21, 2007 10:20pm
for me

respect the teacher, especially in japanese style of teaching, no silly question or comment. otherwise, pancung keparra (lol jk)

no democracy in this teaching. OrangeRoshan is the only teacher in this method. so, listen and accept his teaching.


Arigato Yoda Roshan!
  • #1,209
  • Jan 22, 2007 1:26am Jan 22, 2007 1:26am
Quoting bapho
hi digitalis

can you please explain more about round number?

so if the price near the round number we shoukd use srdc 1 no the advance srdc1?
Investingjeff has said it for me, I can only relate to my experience day-trading Nasdaq stocks.

On those, when the price does break through the round number, it generally needs some momentum to do this and will move between 5-20 points pretty quickly, often before moving back towards the round number as the momentum dies.

I haven't been trading forex long enough to know if it follows the same pattern. I'm going to trade it very cautiously.
Full-time trader and loving it!
  • #1,210
  • Jan 22, 2007 1:51am Jan 22, 2007 1:51am
There's a good example today on the EUR, Friday's low at 1.2910, so possible entry around 1.2907 - but would you take it as 1.2900 might well offer resistance?

I'm not sure, so I won't trade it.
Full-time trader and loving it!
  • #1,211
  • Jan 22, 2007 11:25am Jan 22, 2007 11:25am
SRDC I was hit again today long and there were pips to be had. Some are still in long positions to take the rest of the pips SRDC I has to offer. Try to take all SRDC I or I + trades.

Good luck,
Traderbill
  • #1,212
  • Jan 22, 2007 11:30am Jan 22, 2007 11:30am
The SRDC 1 is fantastic. It is so nice to be able to see something as it
happens, and not be so complicated. Thank you Orange!!
  • #1,213
  • Jan 22, 2007 11:59am Jan 22, 2007 11:59am
This is my first post on FF, although I follow you for a lot of month. I want to thank everybody, and especially OrangeRoshan. You are sincerely a genuine and fantastic person. I am following strictly your method, and I have a question. Do you refresh your monthly/weekly support/resistance level based on last prices, or do you use only the last month/week highs/lows? Thanks for all.

Danilo
  • #1,214
  • Jan 22, 2007 11:59am Jan 22, 2007 11:59am
Quoting PipSteve
Hi Marc, did you restart MT4? When you did, you will notice that the EA appears gray, that's because the source code is not there, but you can move into your chart just fine. Let me know if you still have problems.
Glad to see you answer basic questions.

I am trying to backtest EA (SRDC I Advanced V2). It works fine. But, I tried to change the input parameters. But, I cannot do it. I am sure it is a procedural mistake on my side. In short, how can I save the modified inputs (for example, the stop loss) and run the test with new input(s)?
Thank you.
-Chandra
  • #1,215
  • Jan 22, 2007 12:04pm Jan 22, 2007 12:04pm
Quoting Chandra
Glad to see you answer basic questions.

I am trying to backtest EA (SRDC I Advanced V2). It works fine. But, I tried to change the input parameters. But, I cannot do it. I am sure it is a procedural mistake on my side. In short, how can I save the modified inputs (for example, the stop loss) and run the test with new input(s)?
Thank you.
-Chandra
I try to answer any questions I have the answer to, otherwise I let others answer, like this one, since I am not using this EA, I am affraid I do not have that answer.

I find trading SRDC hands on, is sure a whole lot more exciting, and it will help you understand better what is going on.

EAs will keep you from learning the method -or trading alltogether- correctly.

Disclaimer: This is just my opinion, I could be wrong.
Steve
  • #1,216
  • Jan 22, 2007 12:24pm Jan 22, 2007 12:24pm
Quoting PipSteve
I try to answer any questions I have the answer to, otherwise I let others answer, like this one, since I am not using this EA, I am affraid I do not have that answer.

I find trading SRDC hands on, is sure a whole lot more exciting, and it will help you understand better what is going on.

EAs will keep you from learning the method -or trading alltogether- correctly.

Disclaimer: This is just my opinion, I could be wrong.
I agree with you that trading hands on is the way to learn more about the trading method. But, SRDC site is filled with so many versions and releases I lost track of the valid rules of the trade (Do we use entry at S/R or with plus (spread+ 2pips), what stoploss we use, etc.
Now, you say episode I and II work for you. I too would like to trade manually. Can you tell me where can I find the final parameters (latest) to these two methods. I really appreciate your help.
Coming back to earlier question, (how can we change the input parameters of an EA?) is it nor a common procedure for any EA? My question comes down to "How to change input parameters of an EA for which wo do not have the sorce code"? (as in the case of SRDC I Advanced 1.2).
Thanks.
  • #1,217
  • Jan 22, 2007 12:57pm Jan 22, 2007 12:57pm
Chandra,

Every thing you seek is in this thread. I'm going to give you some of the information but please go back and read Orange Roshan's posts about the system to learn about SRDC1 basic and advanced entry techniques. SRDC1 basic entry is support/resistance plus your broker's spread plus one pip.

1.9700 + 3pips spread + 1 pip = 1.9704 entry

To see what properties are editable in the EA...attach the EA to a chart, right click on that chart, click "Expert Advisors, followed by "Properties". If what you want to modify isn't available on the popup window and you don't have the source code, then you cannot modify it.

Hope this helps.

Cheers,
Jeff
  • #1,218
  • Jan 22, 2007 2:06pm Jan 22, 2007 2:06pm
Quoting investingjeff
Chandra,

Every thing you seek is in this thread. I'm going to give you some of the information but please go back and read Orange Roshan's posts about the system to learn about SRDC1 basic and advanced entry techniques. SRDC1 basic entry is support/resistance plus your broker's spread plus one pip.

1.9700 + 3pips spread + 1 pip = 1.9704 entry

To see what properties are editable in the EA...attach the EA to a chart, right click on that chart, click "Expert Advisors, followed by "Properties". If what you want to modify isn't available on the popup window and you don't have the source code, then you cannot modify it.

Hope this helps.

Cheers,
Jeff
I could not but come back to thank you for your help about changing the inputs in an EA. I tried IBFX help and they could not tell me how to change the input values!! I tried your approach and it works. thanks for the help.
Regarding the SDRC system, I am reading this thread and there is so much! This site contains all the information and it is so big! I am proceeding at my own snail pace .
Thanks for the help.
-Chandra
  • #1,219
  • Edited 5:23pm Jan 22, 2007 4:47pm | Edited 5:23pm
Quoting Chandra
I could not but come back to thank you for your help about changing the inputs in an EA. I tried IBFX help and they could not tell me how to change the input values!! I tried your approach and it works. thanks for the help.
Regarding the SDRC system, I am reading this thread and there is so much! This site contains all the information and it is so big! I am proceeding at my own snail pace .
Thanks for the help.
-Chandra
Just a friendly reminder. The EA is not put out by OrangeRoshan and is not a part of the SRDC family. Skyline was kind enough to write an EA for the group and I have seen many posts about settings. He also suggests that the EA is not to be traded live. You are able to experiment with settings and back and forward test the results. Would love to help you more but most of us do not trade the EA. There is an EA area inside the SRDC threads that may be better suited to your question and my get your answers sooner. http://www.forexfactory.com/showthread.php?t=12136
I hope this helps you,

Traderbill
  • #1,220
  • Jan 22, 2007 5:11pm Jan 22, 2007 5:11pm
Update:

I got home from work and found out that GBPUSD gave me 10 pips ! But barely, 'cause high (86) was exactly where my 10 pips TP was.....that was close !!!

EURUSD instead was not able to open any trade.

So, to sum it up:

Since 01/12/2007
Completely AUTOMATIC !!!
10 pips TP on GBPUSD at all times
5 pips TP on EURUSD at all times
30 pips SL on both pairs

GBPUSD: 6/6 Successfull (60 pips= $600.00)
EURUSD: 4/5 Successfull (-10 pips= -$100.00)
AUDUSD: 1/1 Successfull (5 pips = $50.00)

TOTAL TRADES:12
win:11
loss:1
$ 550.00
Future
"Lunch ? Lunch Is For Wimps !"
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