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Simplicity is the Key

  • #2,401
  • Apr 7, 2008 10:32am Apr 7, 2008 10:32am
Quoting rojam
on your post 159 # 2384
Here it is:
All setting are already set in the indicator. Ohh the ColorBarBack. the default is 3 meaning 3 bars from current is "subject to change without notice" LOL. But if you change that to 0 it will be fixed after the current bar. Sometimes i used to toggle both of them because you want to know if it is about to change . Then I added a code at the bottom to reflect in the chart if it is in Transition already or is still on trend, but that only of you are not 0 in ColorBarBack. Also you can make it to E-mail you if there is a change in direction. Good luck
Attached File(s)
File Type: mq4 nonlagdot.mq4   6 KB | 443 downloads
  • #2,402
  • Apr 7, 2008 11:30am Apr 7, 2008 11:30am
Quoting trader101
Which one is it, give me the specific post number..

To ZeeJay,
I go to all the chart individually, sometimes i let the EA analyze and open the trades for me.

The reason why i ask , is that you open all your trades at the same time in all pairs....so, i guess you must have a common factor. but yes, it makes sense to look at individual charts...because , for example : if you say that Swissy and Yen are going to go against the dollar, then how would you take a CHF/JPY position,then ? only way, i guess, is to look at this chart and make the decision there.

on a personal note : last night i took all dollars pairs against the dollar...and some crosses.... (no tp, no SL )....all in all, this morning i had +200 pips (about 4 or 5 loosing trades, that were more than covered by the positive ones)
  • #2,403
  • Apr 7, 2008 12:04pm Apr 7, 2008 12:04pm
Quoting ZeeJay
The reason why i ask , is that you open all your trades at the same time in all pairs....so, i guess you must have a common factor. but yes, it makes sense to look at individual charts...because , for example : if you say that Swissy and Yen are going to go against the dollar, then how would you take a CHF/JPY position,then ? only way, i guess, is to look at this chart and make the decision there.

on a personal note : last night i took all dollars pairs against the dollar...and some crosses.... (no tp, no SL )....all in all, this morning i had +200 pips (about 4 or 5 loosing trades, that were more than covered by the positive ones)
Wow, ZJ you are getting courageous now huh..NO SL trading.. Some trader will frown on you on saying that... You are slowly adapting to my style of trading ..NO SL.. NO TP. Just make sure you are close to your computer. That is what im telling that if you take all the 14 popular pairs and trade them according to the trend even without any indicator you will definitely win. Of course you are not on a short term trading. Look back at our previous
loses, isnt it because of SL then it turns around after we get hit??? then there is that low capitalise trades and overtrading that we start to panic at the sight of -100 pips then we close our tha supposed winning trade??? We will experience it as we mature in trading...Peace
  • #2,404
  • Apr 7, 2008 12:21pm Apr 7, 2008 12:21pm
Quoting trader101
Wow, ZJ you are getting courageous now huh..NO SL trading.. Some trader will frown on you on saying that... You are slowly adapting to my style of trading ..NO SL.. NO TP. Just make sure you are close to your computer. That is what im telling that if you take all the 14 popular pairs and trade them according to the trend even without any indicator you will definitely win. Of course you are not on a short term trading. Look back at our previous
loses, isnt it because of SL then it turns around after we get hit??? then there is that low capitalise trades and overtrading that we start to panic at the sight of -100 pips then we close our tha supposed winning trade??? We will experience it as we mature in trading...Peace

hey T101, u have another person here tying hard to figure outur style of trading although not confident enough to have 14pairs open at once but have 5opened no sl no tp and am over 100 now.....am here checking ur journal every sec since i cant figure out how to get alerted via phone anyway happy pipping
  • #2,405
  • Apr 7, 2008 12:57pm Apr 7, 2008 12:57pm
Quoting goodness
hey T101, u have another person here tying hard to figure outur style of trading although not confident enough to have 14pairs open at once but have 5opened no sl no tp and am over 100 now.....am here checking ur journal every sec since i cant figure out how to get alerted via phone anyway happy pipping
Somebody please instruct Goodness how to hook up his phone to the E-mailing function of the Journal. I am happy for you too but always remember that if you are going on an errand make sure you install an SL on your trades. Say 100 pips. I know some trader have a 1000 pips as SL, because he is really trading very Long Term GJ.
  • #2,406
  • Apr 8, 2008 5:05pm Apr 8, 2008 5:05pm
Hi Trader101:

Are you still trading the intra-day trades, or have you totally switched to the weekly ones? I'm following the weekly ones for the first time this week, and they seem to be doing OK so far. Will you let them run even though there are some interest rate announcements early Thursday morning?
  • #2,407
  • Apr 8, 2008 5:43pm Apr 8, 2008 5:43pm
Quoting hansel
Hi Trader101:

Are you still trading the intra-day trades, or have you totally switched to the weekly ones? I'm following the weekly ones for the first time this week, and they seem to be doing OK so far. Will you let them run even though there are some interest rate announcements early Thursday morning?
A little lazy to trade intraday for this week .. i find it so stressfull sometimes, rather than just trading long term and wait for it to turn postive and reach your goal and close. So far the Long term has accumulated a total of +493 pips.. its a little slow this week.. i was over 1000 pips last week around this time. It will catch up perhaps today because its a wednesday. Let see what will be out takes by Friday. Yeah, i will let it run over thursday..the interest rate prediction for Gbp and Eur is almost certain so i dont think there will be panic trading. Below is the update of the Long TerM trading shots.
Attached Image (click to enlarge)
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  • #2,408
  • Apr 8, 2008 5:49pm Apr 8, 2008 5:49pm
I know some of you are waiting for signal for the intraday. Whew.. just done fell like trading intraday... a few signals already pass that i let go ..Anyways if you want pairs to trade;
Buy NZDUSD, Buy AudUSD, Buy EURJpy.
Those are good signals and they are about 2 hours ago already.. Just make sure you trade long term like 4 hours. I guess you can tp 100 pips each but if you reach 50 is good enough.
  • #2,409
  • Apr 8, 2008 5:54pm Apr 8, 2008 5:54pm
Attached is my daily trades opened around 5:00 that will be good till tommorrow before the next daily candle begin:
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  • #2,410
  • Apr 8, 2008 6:00pm Apr 8, 2008 6:00pm
I'm not anywhere near as good as our master here, trader101,
but check out my trades.

i got to admit : this stuff works : the bad trades are hedged by the good trades!

the worst this position got was around -$150 and now it turned around to +300. very nice.

thanks trader101!
CJ.-
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  • #2,411
  • Apr 8, 2008 6:01pm Apr 8, 2008 6:01pm
Quoting trader101
So far the Long term has accumulated a total of +493 pips.. its a little slow this week..
The past couple of weeks I have been putting a long term method into place similar to yours that's the reason i asked you to post your screen shot a week ago. It wasn't to get your orders but to see if we were close in our trades. This Sunday I put the plan into action and for the most had the same trades as you execpt for usd/jpy and one other cross. I also trade some different pairs than you do but at the end of the day it all boils down to ride the trend. I'm up around 1000 pips at the moment. Good luck to us in that we get more pips the rest of the week.
Attached Image (click to enlarge)
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  • #2,412
  • Apr 8, 2008 6:15pm Apr 8, 2008 6:15pm
Quoting ZeeJay
I'm not anywhere near as good as our master here, trader101,
but check out my trades.

i got to admit : this stuff works : the bad trades are hedged by the good trades!

the worst this position got was around -$150 and now it turned around to +300. very nice.

thanks trader101!
CJ.-
I have look at it and .. wow.. you are going to be a great trader. I am so happy to all of you guys, you will make good in this business. OK here is the secret.. when you trade long term and at the beginning you are going negative that means you enter in the wrong time but dont get sad, the currencies are like that they move up and down. you come come in when it was going down. Wait it will come back again. There are times that you come in when it is going your trade.. good less drawdown for you. One of the reason why i like to put my trades at around 2:00 PM est .. not so much movement so i wont be disaapointed that it drops so much by the time i put in. then at 7:00 the Asian market start to come in and i get the moves. Guys, if you net around $1000 a week it wont be bad.. dont be too greedy wait till your equity double then double you lottage. Good luck to you ..Imbiber My congratulations to you dude
  • #2,413
  • Apr 8, 2008 6:29pm Apr 8, 2008 6:29pm
Wow - You guys are good. Imbiber, I noticed that you had a trade shorting the EUR/AUD that was in profit over 200 pips. That one and the GBP/AUD seem to be really volatile, so if you get it right the profits can be huge.

Have any of you tried this method with some of the more exotic crosses? I'd be curious to see how that would work.
  • #2,414
  • Apr 8, 2008 6:33pm Apr 8, 2008 6:33pm
Quoting hansel
Wow - You guys are good. Imbiber, I noticed that you had a trade shorting the EUR/AUD that was in profit over 200 pips. That one and the GBP/AUD seem to be really volatile, so if you get it right the profits can be huge.

Have any of you tried this method with some of the more exotic crosses? I'd be curious to see how that would work.
Also include the precious metal if you are using NF or Alpari they have that. Id like to use this method too in those commodities.
  • #2,415
  • Apr 8, 2008 6:39pm Apr 8, 2008 6:39pm
Quoting hansel
Wow - You guys are good. Imbiber, I noticed that you had a trade shorting the EUR/AUD that was in profit over 200 pips. That one and the GBP/AUD seem to be really volatile, so if you get it right the profits can be huge.
Yeah eur/aud is one of my favorites. I trade with IBFX so the ones in my screen shot are about all the ones I trade. Sadly they don't offer any more pairs. I have a demo with North Finance and I'm trying out the same method on the Dow stocks. Not doing so hot on those though at the moment.
  • #2,416
  • Apr 9, 2008 1:03am Apr 9, 2008 1:03am
Could someone help me , I cannot get the BB-PsarEA to show in my list. the Nonlagdot is working fine although I'm trying to find others who are using it and what their settings might be. Thanks
  • #2,417
  • Apr 9, 2008 6:46am Apr 9, 2008 6:46am
Quoting banks77
Could someone help me , I cannot get the BB-PsarEA to show in my list. the Nonlagdot is working fine although I'm trying to find others who are using it and what their settings might be. Thanks
BB-Psar is an EA based on the two indicator that is the Bollinger Bands and Parabolic sar. Make sure you have this two indicators in your indicator folder. Normally they come with the MT4 platform, if not redownload your platform from your broker website. The nonlagdot indicator setting is already set, but you can adjust it according to your preference of period and also the ColorBarBack. I normally used 0 and 1. If you use 0 meaning the bar behind the current is fixed, if 1 --one bar behind the current is subject to change if 2 two bars and so on. OPPs the BB psar is an EA and should be in the expert folder. Not in the indicator folder.
  • #2,418
  • Apr 9, 2008 10:07am Apr 9, 2008 10:07am
Hello Trader,

Thank you for sharing your system, I have been going through it the last couple of days, and I have a few questions, if you dont mind (they basically refer to opening/closing the trades):

1. as I understood, the daily and long-term strategies are not the same, am I correct?

2. for the daily strategy, do you always open/close all of your trades at the same time(at the opening of the daily candle)?

3. same for the long-term strategy, do you always open all of your trades at the same time (tuesdays)? what do you do if on the middle of the week one currency shows a reversal?

4. as I understood, if a currency does not show a reversal (either on the daily or long-term strategy) you simple let it go on until there is a reversal, am I correct?

Thank you for your time and effort. Regards.
  • #2,419
  • Apr 9, 2008 10:12am Apr 9, 2008 10:12am
I'd like to add a bit to this question :

what about the weekly charts?
I'd think that the longer term trades are the exact same as the daily, is just that these trades are based on the weekly charts.
am i correct ?


Quoting sia4x
Hello Trader,

Thank you for sharing your system, I have been going through it the last couple of days, and I have a few questions, if you dont mind (they basically refer to opening/closing the trades):

1. as I understood, the daily and long-term strategies are not the same, am I correct?

2. for the daily strategy, do you always open/close all of your trades at the same time(at the opening of the daily candle)?

3. same for the long-term strategy, do you always open all of your trades at the same time (tuesdays)? what do you do if on the middle of the week one currency shows a reversal?

4. as I understood, if a currency does not show a reversal (either on the daily or long-term strategy) you simple let it go on until there is a reversal, am I correct?

Thank you for your time and effort. Regards.
  • #2,420
  • Apr 9, 2008 11:15am Apr 9, 2008 11:15am
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