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Simple Trading Method with trader101

  • #1
  • First Post: Edited Feb 19, 2011 12:29am Sep 17, 2008 2:37pm | Edited Feb 19, 2011 12:29am
WARNING: This method may sound simple but this is not for NEWBIES. Using this system without basic trading knowledge will definitely blow your account. You need to have at least a 1 year trading experience to understand the theory of this method. There are other system appropriate for newbies. This is not the ONE. Stop posting questions in the thread I will not reply to them.

Im been playing this method for about 3 months now and the return is quite good. This is a very simple method and it is all base on price action, indicator free trading and it is done manually.

First you have to open a demo account and make sure that the broker you choose have the ff. pairs (must have) in their platform:

1. GBPUSD
2. EURGBP
3. GBPCHF
4. CHFJPY
5. AUDJPY
6. EURJPY
7. USDCHF

8. CADJPY
9. AUDUSD
10. USDJPY
11. EURUSD
12. EURCHF
13. GBPJPY
14 USDCAD

The top seven pairs is set 1 and the bottom is set 2. These pairs will hedge each other. Fresh start this method at the very beginning of the week, this will give you a good look at the pairs as weeks goes on. Set 1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much as possible run a script (attached) so as to maintain correct timing in opening them. Click twice the profit column of your terminal so as to make the positive profit pairs stay at the top and the negatives stay at the bottom or vice versa. Initially the order of this pairs is a mess, let it run for a day or two and you will notice the pairs will start to make a proper order. All the buys will stay at the bottom and all the sells will occupy the top or vice versa. It like putting to rest the dirty bottled water and it will start to settle down after a certain period and all the dirt to the bottom and the clearer water at the top.

About a day or two, all the buys (if negatives) will stay below and the sell (if positives) will be at the top. Now the indication that you should watch is, ideally the bottom 7 slots should be occupied by the negatives, the first pair in the negative that crosses the boundary of positive and negatives is the pairs we are concern. If one of the negative jump to slot 8 (counting from bottom) there is also a corresponding positive that will jump to slot 7. This is the signal. We will trade those two pairs that jump out of boundary.

You should have another account where you real trading will be executed. You will trade the two pairs that jump out. If the pair that jump up is Long then trade the two breakaway pairs LONG or vice versa. I also trade the next two pairs that jump of the boundary. I limit myself to just 4 pairs being traded at one time. The profit is up to you, what I do is when the pair i'm trading retreats 2 slots then I close it.

Remember do not touch your demo account as this will serve as your indicator and keep it running all the time and just check it once in while for any jumper pair and then trade them.

On the attached terminal copy, you can see the breakaway pair USDCAD that was a few hours ago and i traded it and make some pips on it. Consequently the other pair GBPUSD also jump 1 slot down and can also be trade Long as well.


I hope i explain it well. Good Luck trading,
Trader101

Note:
1) this method is manual.. again manual.. Indicator is fine but the trading is manual. If some of you do not like doing it manual learn it.
2) i dont want to see any EA being made out of this system and posted here for showing-off. Indicators are welcome.
3) No mt4 operational questions ex. "where am i going to put the script file?, How do i install this on the chart, or Im a newbie but i like your system please recapitulate the system." Also if you dont understand English dont ask me to translate if for you.
4) Someday somebody will make an FAQ of this sytem. I need volunteer. for that.
5) Lastly, website owner/web administor, forex system stealers, programmer for hire, if your agenda is to steal or herd traffic tell me now in PM so i can charge you, programmers for hire, i cant prevent you. Just make sure to give me a credit on this one on your program and you have to give us a commission for stealing ideas here.
I hope we agree on this one then we can always continue.

To those who will benefit from this method, my only request is to GIVE CREDIT TO WHERE CREDIT IS DUE this is given unselfishly free. Trader101 – Julius F.

Latest Notes: The above pairs you see is for the Original Pairings. The use of this pairing was discontinued and replaced by the Universal pairings where all future indicators were made to fit. Below is the Universal Pairings. Modified Univetradehedge script is added.

Sell pairs:
1. AUDUSD
2. NZDJPY
3. GBPCHF
4. EURUSD
5. EURCHF
6. CHFJPY
7. USDJPY

Buy pairs:
1. USDCHF
2. EURGBP
3. NZDUSD
4. GBPUSD
5. EURJPY
6. AUDJPY
7. GBPJPY
Attached Image (click to enlarge)
Click to Enlarge Name: 1.GIF Size: 34 KB
Attached File(s)
File Type: ex4 ProfitCalc_R3.ex4   2 KB | 21,083 downloads | Uploaded Sep 28, 2008 3:11pm
File Type: mq4 UnivTradeHedge.mq4   2 KB | 16,490 downloads | Uploaded Oct 10, 2009 8:10am
File Type: ex4 2ProtectAccount[4a].ex4   5 KB | 10,650 downloads | Uploaded Feb 19, 2011 12:29am
File Type: ex4 miniAccProtect.[4a].ex4   4 KB | 10,177 downloads | Uploaded Feb 19, 2011 12:29am
  • #2
  • Sep 17, 2008 9:32pm Sep 17, 2008 9:32pm
Hi Br0,

I like your system. Using the Price Action on many pairs is not a bad idea.
Perhaps I'll try it out. However, I'm having difficulty using the scripts in IBFX.
Which platform are your script using ?
Banker please return my pipins.
  • #3
  • Sep 17, 2008 9:48pm Sep 17, 2008 9:48pm
To be certain to understand well (difficulty in English) In would your example, you be long on usdcad and gbpusd?

For how much pips?

Then you start again with new position on the demo account or you continue the week with those already open?

Thanks

Bye
  • #4
  • Sep 17, 2008 11:07pm Sep 17, 2008 11:07pm
I tried your script, but it only opened 12. It did not open usdchf or usdjpy. The code for those 2 looks the same as the others, so not sure why.
  • #5
  • Sep 18, 2008 1:03am Sep 18, 2008 1:03am
Very creative. One of smartest seen in FF. Thank you.
  • #6
  • Sep 18, 2008 2:01am Sep 18, 2008 2:01am
if we have take profit from that two pairs that crosses the boundary, and then what we should do? continue see another pair breakout and ignore that pairs we just close?
  • #7
  • Sep 18, 2008 6:03am Sep 18, 2008 6:03am
in this example which pair you trade ???

Thanks

(Position open trade after 1 day)
Attached File(s)
File Type: xls test.xls   19 KB | 12,877 downloads
  • #8
  • Sep 18, 2008 7:07am Sep 18, 2008 7:07am
Quoting maje
in this example which pair you trade ???

Thanks

(Position open trade after 1 day)
The pairs to trade but must be contend with a few profits since the gc and uc had jump a lot of slot already.
Sell gbpchf
sell usdchf
sell usdjpy
sellusdcad
T101
  • #9
  • Sep 18, 2008 7:12am Sep 18, 2008 7:12am
Quoting budi_838
if we have take profit from that two pairs that crosses the boundary, and then what we should do? continue see another pair breakout and ignore that pairs we just close?
I usually only trade a max of 4 pairs that jump out and thats it. What happend is sometimes that breakaway pairs continue to reach the top or bottom or sometimes fall back to original position. If fall back happend then wait again for the next breakout pairs and trade. If its still coninuing to maintain its slot or moving up then just continue the trade. As i mentioned i close only when they retreat 2 slots. Best is you observe yourself the behavior of the pairs for at least a week.
Cheers
T101
  • #10
  • Sep 18, 2008 7:14am Sep 18, 2008 7:14am
Quoting BenQ
I tried your script, but it only opened 12. It did not open usdchf or usdjpy. The code for those 2 looks the same as the others, so not sure why.
It does happend sometime perhaps because the server is interrupted then you have to enter it manually ( the missing pairs). You can acutally check that by checking the expert tab in your terminal.
  • #11
  • Sep 18, 2008 7:15am Sep 18, 2008 7:15am
Quoting maje
To be certain to understand well (difficulty in English) In would your example, you be long on usdcad and gbpusd?

For how much pips?

Then you start again with new position on the demo account or you continue the week with those already open?

Thanks

Bye
No preference on the tp. your descretion but i normally close trade if the pair retreat 1 or 2 slots. Keep the demo running, it will become your indicator already and monitor it for the movement of the pairs. That is the reason why we have 14 pairs there. That way we can see more or less the moves of the entire currencies on that particular broker. Much better that those indicators, lines and candles but you have to observe it very closely. Eventually it will become like a road map to you and you can make your prediction where this certain pairs will go.
Cheers
T101
  • #12
  • Sep 18, 2008 7:22am Sep 18, 2008 7:22am
Quoting Babyboy
Hi Br0,

I like your system. Using the Price Action on many pairs is not a bad idea.
Perhaps I'll try it out. However, I'm having difficulty using the scripts in IBFX.
Which platform are your script using ?
If you are using the "mini" of IBFX, you have to add the m at every Symbol in that code like......"USDCHF" must be "USDCHFm" , then it will work.

Malaysia Boleh
  • #13
  • Sep 18, 2008 7:28am Sep 18, 2008 7:28am
I forget to mention your demo account is hedge (not a perfect) and the drawdown will be between cost of spread to $-300 (for a 0.1 lot trading) and it will stay in there and just fluctuates. Anyways it is a demo don’t worry.

My manner of trading is, initially I open 0.4 lots and then shed 0.1 lot every 50 pips increment and move the SL as well .

Cheers
T101
  • #14
  • Sep 18, 2008 7:40am Sep 18, 2008 7:40am
Wake up this morning and my demo indication account look lik this:
Attached Image (click to enlarge)
Click to Enlarge Name: 2.GIF Size: 64 KB
  • #15
  • Sep 18, 2008 7:42am Sep 18, 2008 7:42am
So i traded like this: And quickly i made a good profit. Give it a try.
Youll like it.
Cheers
T101
Attached Image (click to enlarge)
Click to Enlarge Name: 3.GIF Size: 100 KB
  • #16
  • Sep 18, 2008 1:35pm Sep 18, 2008 1:35pm
Trader 101, thanks a lot first for your contribution to us here.

I deem this is so innovative.

but i have a question on this trade:

why do you long gbpusd?

is that gbpusd position related with this method? or it is a unrelated trade?

Quoting trader101
So i traded like this: And quickly i made a good profit. Give it a try.
Youll like it.
Cheers
T101
  • #17
  • Sep 18, 2008 4:22pm Sep 18, 2008 4:22pm
Quoting charvo
Trader 101, thanks a lot first for your contribution to us here.

I deem this is so innovative.

but i have a question on this trade:

why do you long gbpusd?

is that gbpusd position related with this method? or it is a unrelated trade?
Ok I have not mentioned the second phase of the hedge demo indicator account yet. The 2nd part of the hedge account is to execute the same pairs the same direction but this time it will be 2 lots and i also added the comments "2lots" and on the terminal i check the comments so i can see where the newly 14 pairs will settle. As you can see the GU's the 1 lot and the 2 lots raced downward and will continue to reach the bottom or the SELL territory, since it is negative in the SELL territory that will make it its direction LONG, hence i traded the GU. I observe that when the 1 lot and 2 lots are adjacent to each other the trend for both is the same. Remember the "2lot" was just added lately and the 1lot one was entered since Sunday but the trend never change. I hope i explain in well. I suggest keep observing the movement of this currency and you will ntoice a lot of behavior of the pairs and innovate as you go.
Cheers
T101
  • #18
  • Sep 18, 2008 9:27pm Sep 18, 2008 9:27pm
Tonight my indicator account look like this:
Notice that the 4 buys are taking over the top position from the sells, consequently the sells are taking over the bottom postition it started at about in the afternoon. This is a signal that the buys will rules perhaps until tonight.
Attached Image (click to enlarge)
Click to Enlarge Name: 4indi.GIF Size: 42 KB
  • #19
  • Sep 18, 2008 9:30pm Sep 18, 2008 9:30pm
So i traded all the 14 pairs LONG not because all of them will be long but because there will be more buys than sells and below is the trading platform that i have and was up by more than 500 pips now trading everything as LONG. Cool huh!!!
Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: 4trade.GIF Size: 129 KB
  • #20
  • Sep 19, 2008 5:13am Sep 19, 2008 5:13am
Just have a question for you. Are there specific times during the day that you check or monitor when the pairs will switch slots?

And when do you usually take your trades? (EST time)

Thanks Again
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