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Simplicity is the Key

  • #2,541
  • Apr 17, 2008 9:13pm Apr 17, 2008 9:13pm
Hi Sir trader101,

I want to thankyou to all of your wonderful work. Since today, I am your regular reader. Thanks again.
  • #2,542
  • Apr 18, 2008 6:19am Apr 18, 2008 6:19am
OK, I have close all my trading for the week. I have some unbelievable results this week and i hope i will not be boring you for publishing this results. First the Long Term Trading: TOTAL PIPS GAINED : +1,909 PIPS http://www.forexfactory.com/images/icons/icon7.gif. Take Note at the GbpJpy 747 pips, this is the highest i have attained in one currency in my trading life.
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  • #2,543
  • Apr 18, 2008 6:39am Apr 18, 2008 6:39am
Results of Traders Delight EA in IBFX for the week:
Total Currency traded : 14 currency pairs
Total Trade = 82
Net Total Pips = +1,280
Starting Balance = $3,000.00
Profit for the week = $1,095.99
% increase in equity = 36.54%
Attached File(s)
File Type: zip IBF-TDelight.zip   5 KB | 373 downloads
  • #2,544
  • Apr 18, 2008 6:55am Apr 18, 2008 6:55am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Hi trader 101
so far i have only run the TDv2 and the results are great and consitant, i notice you now have a few EA's posted, which one are you more confident in?
also the long term trades how are you deciding them, i'm a little of peak here with all the changes going on so fast.

i will post the result at the end of the month. but i'm loving it.
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  • #2,545
  • Apr 18, 2008 6:56am Apr 18, 2008 6:56am
I have to test in 2 platforms
Results of Traders Delight EA in IBFX for the week:
Total Currency traded : only 6 currency pairs
Total Trade = 57
Net Total Pips = +832
Starting Balance = $3,000.00
Profit for the week = $827.94
% increase in equity = 27.6%
Attached File(s)
File Type: zip NF-TDelight.zip   4 KB | 348 downloads
  • #2,546
  • Apr 18, 2008 7:00am Apr 18, 2008 7:00am
Quoting MPP
Hi trader 101
so far i have only run the TDv2 and the results are great and consitant, i notice you now have a few EA's posted, which one are you more confident in?
also the long term trades how are you deciding them, i'm a little of peak here with all the changes going on so fast.

i will post the result at the end of the month. but i'm loving it.
Stay a little while and the surprize will be in the last post. Im so excited at this. But thanks for testing anyways...
  • #2,547
  • Apr 18, 2008 7:06am Apr 18, 2008 7:06am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Stay a little while and the surprize will be in the last post. Im so excited at this. But thanks for testing anyways...
No problem, glad to help - afterall it may benifit me in the end also
  • #2,548
  • Apr 18, 2008 7:16am Apr 18, 2008 7:16am
Results of Traders Best EA in NF for the week:
Total Currency traded : only 14 currency pairs
Total Trade = 60
Net Total Pips = +703
Starting Balance = Old Account not available
Profit for the week = $1.300.44 (Used 0.2 lots)
% increase in equity = cant calculate
Attached File(s)
File Type: zip NF-TBest.zip   4 KB | 333 downloads
  • #2,549
  • Apr 18, 2008 7:36am Apr 18, 2008 7:36am
Here is now is the clincher.Yesterday night, a sudden idea come into mind that..Why not combine the 2 EAs. Since TBest is good at a ranging market and TDelight is good on a trending market. So I develop the new EA combining the two. No name yet but i just called it "Combine Trade EA" then i have this demo account that is only $1,000 balance and i used that to trade the Combine TRadeEA. The results is below:

Results of Combine TradeEA in IBF for Friday trading:
Total Currency traded : only 14 currency pairs
Total Trade = 23
Net Total Pips = +632
Starting Balance = $1,000
Profit for the week = $669.34
% increase in equity = 70% in one day.
Attached File(s)
File Type: zip IBF-Combine.zip   2 KB | 419 downloads
  • #2,550
  • Apr 18, 2008 7:41am Apr 18, 2008 7:41am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
Here is now is the clincher.Yesterday night, a sudden idea come into mind that..Why not combine the 2 EAs. Since TBest is good at a ranging market and TDelight is good on a trending market. So I develop the new EA combining the two. No name yet but i just called it "Combine Trade EA" then i have this demo account that is only $1,000 balance and i used that to trade the Combine TRadeEA. The results is below:

Results of Combine TradeEA in IBF for Friday trading:
Total Currency traded : only 14 currency pairs
Total Trade = 23
Net Total Pips = +632
Starting Balance = $1,000
Profit for the week = $669.34
% increase in equity = 70% in one day.
now thats nice, but it is only one day and today has been a weird one. lets see what next week brings, are you posting it for us to test aswell, i can run it next week instead of the TDv2.
  • #2,551
  • Edited 7:54am Apr 18, 2008 7:42am | Edited 7:54am
Combining all those pips collected from the Long Term trading and all those by the EAs ..We have a total of +5,356 pips for this week.
I will make all these 3 EAs available here before next week trading, il have to polish some of them. Ohh.. before i forget, you must update your MT4 platform they have a new version and it will give you an error running this EA without updating your platform. I welcome your comments and suggestions. Also, once you have the new version of these EAs you have to discard the old ones to avoid confusion. Myself is getting crazier which one are the newer version because i always forget to put the rev. no.
  • #2,552
  • Apr 18, 2008 7:45am Apr 18, 2008 7:45am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Ok Trader101
i'm hooked, now do i need to go back and read the earlier part of this thread?
i need to catch up on what your doing over here as you talk about long term trades aswell as the EA's.

option 2 is i just keep upto date from here, will that work.
  • #2,553
  • Edited 7:59am Apr 18, 2008 7:47am | Edited 7:59am
Quoting MPP
now thats nice, but it is only one day and today has been a weird one. lets see what next week brings, are you posting it for us to test aswell, i can run it next week instead of the TDv2.
Yeah, you are right its just a one day test, but we really would know by next week when we run for the full week. Im looking forward for next week to test all of this. I really would like some reader to test it in other platforms eg Alpari etc. I covered alreday the NF and Ibfx. Somebody covered the fxdd etc.
  • #2,554
  • Apr 18, 2008 7:50am Apr 18, 2008 7:50am
Quoting MPP
Ok Trader101
i'm hooked, now do i need to go back and read the earlier part of this thread?
i need to catch up on what your doing over here as you talk about long term trades aswell as the EA's.

option 2 is i just keep upto date from here, will that work.
Option 2 is good.. you dont have to read those obnoxious Trader101's earlier post. LOL
  • #2,555
  • Apr 18, 2008 8:38am Apr 18, 2008 8:38am
Quoting trader101
Combining all those pips collected from the Long Term trading and all those by the EAs ..We have a total of +5,356 pips for this week.
I will make all these 3 EAs available here before next week trading, il have to polish some of them. Ohh.. before i forget, you must update your MT4 platform they have a new version and it will give you an error running this EA without updating your platform. I welcome your comments and suggestions. Also, once you have the new version of these EAs you have to discard the old ones to avoid confusion. Myself is getting crazier which one are the newer version because i always forget to put the rev. no.
These results are so good to b true. I envy you. I like 2 hav this kind of reputation. I hav tried by constantly staying glued 2 this journal. I hav the 14 Cpairs chart on my platform. One thing I want 2 know is good entry considerations, hedging considerations and how we take care of news events.

Sometimes, you seem 2 want a lot of fundamentals to drive your pips higher. What usually informs this confidence. I really hav a lot 2 learn. I really want to learn 4rm you using d manual approach, not EAs.

Looking at your results, simplicity is d KEY. THanks
  • #2,556
  • Apr 18, 2008 8:40am Apr 18, 2008 8:40am
Hi T101

This is probably a stupid question, because I am sure this has been covered before, but I cannot find it in the thread, I was away for a couple of weeks and things have been moving here pretty quickly.

Anyway, my question is do you always pick the same pairs to hedge with? For ex, if the trend is telling you to short the USD, which pairs will you go with the trend and which will you hedge with? Are they the same every time or do they change?

Thanks:

Bill37
  • #2,557
  • Apr 18, 2008 9:19am Apr 18, 2008 9:19am
First of all T101 or shall I call you Master T101 you have to be congratulated on your outstanding results! Secondly, one of the things you said about your EA's is not to change the SL or TP so what I'm wondering do you just leave them run and they either TP or are stopped out? For instance, you never move your SL up to breakeven or move it up as the profits gain - am I correct in that regard? Thanks again for everything you do and I'm so excited about your new results! You make trading fun again!
  • #2,558
  • Apr 18, 2008 9:22am Apr 18, 2008 9:22am
Quoting timex83
These results are so good to b true. I envy you. I like 2 hav this kind of reputation. I hav tried by constantly staying glued 2 this journal. I hav the 14 Cpairs chart on my platform. One thing I want 2 know is good entry considerations, hedging considerations and how we take care of news events.

Sometimes, you seem 2 want a lot of fundamentals to drive your pips higher. What usually informs this confidence. I really hav a lot 2 learn. I really want to learn 4rm you using d manual approach, not EAs.

Looking at your results, simplicity is d KEY. THanks
Yes Timex... looks to good to be true but you are seeing all the evidence,w e are not just claiming it as some are saying about their trading. Here we are transparent from the time we start the trade to until we end the trade either we won or we lost we show.. only thing we have more wins than loses..LOL (lucky). You should never be afraid of the news, those are temporary bumps created by some news trader that come and leave the market. Not all of them are winning a lot of them are losing. Only the winner are louder but majority who are the losers are quiet. Actually they are adding money to the market not taking money from the market. After they leave the market get back to its trend. If you are trading daily or long term dont be bother with them. And my advice to you is to avoid looking at 1m, 5m or 15m or any lower timeframe chart they make your heart beats fast. Not good for old people like me. LOL. With the New EAs that i develop they will take care of the news. The will ride with the news and back again after the news. Remember I put a not there in the EA spec. Leave it open during newstime. We need fundamentals to move the market. Hope this helps
  • #2,559
  • Apr 18, 2008 9:35am Apr 18, 2008 9:35am
Quoting Bill37
Hi T101

This is probably a stupid question, because I am sure this has been covered before, but I cannot find it in the thread, I was away for a couple of weeks and things have been moving here pretty quickly.

Anyway, my question is do you always pick the same pairs to hedge with? For ex, if the trend is telling you to short the USD, which pairs will you go with the trend and which will you hedge with? Are they the same every time or do they change?

Thanks:

Bill37
VEry good question.. i dont know if you will aggree with me as i know you have your own style but just incase, dont laugh...LOL Deciding the direction of currency is 70% chart trend and 30% fundamentals.(Dont ask how i come up with the %). Fundamental ..US in recession USD in bad shape. Meaning there are more Long on EU and GU than there are shorts. that goes with its counter currencies like the Uchf and Ujpy only opposite. If there no very strong fundamental that neccesitates the shorting of EU and GU i would normally go long, of course coupled by the chart Long Trend. Then pick the counter currencies in reverse. Im not telling that all of this will be right since we normally know that if EU is long UC is short, in normal world it is always like that but market have small move and major moves, you have to trade that the market made a small move and the UC goes with the EU. that is temporary, however, we could not afford the draw down so we close but later it goes its regular way.Too Bad. JpY crosses normally goes with the the USD action with the exception of UJ. Not all the time, one or two may go eseparate ways. Impt thing catch the GJ move and your OK even of you made some mistake in other jpy crosses. Ucad is hard it has a mind of its own. Read a lot of fundamental if you are trading this currency. Hope this helps
  • #2,560
  • Edited 10:05am Apr 18, 2008 9:48am | Edited 10:05am
Quoting pipruler
First of all T101 or shall I call you Master T101 you have to be congratulated on your outstanding results! Secondly, one of the things you said about your EA's is not to change the SL or TP so what I'm wondering do you just leave them run and they either TP or are stopped out? For instance, you never move your SL up to breakeven or move it up as the profits gain - am I correct in that regard? Thanks again for everything you do and I'm so excited about your new results! You make trading fun again!
Thanks.. but i dont think im there yet.. Im just lucky...OK you got me ,, I actually re adjusted the SL and TP. But now i am more confident what it is. The SL is -300 pips and the TP is 100 for JPY crosses and others but normally 60 for EU, Uchf etc. All of this will be incorporated in the latest version of EA which i am going to post b4 trading next week. Do not worry about 300 SL. We would never hit. The program will detect if we are not in the trend would reverse before you reached that. I put it there as a protection to our account against fictitous spike that a broker will create. TP of 100 is just about for jpy crosses but dont be sad because as long as the trend is there the EA will open a trade again and the detection is quick, not like you have to wait for hours to reenter. I dont really a big fan of that moving BE as we get this.. get that.. It complicates the trading and programming of EA which programmers and coders like to do to display their knowledge of coding but is it necessary?? I dont think so if you are a trader. If you want out.. out you go. and keep your winnings. Dont leave the other foot inside the room. Hope i have explain it well.
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