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Simple Trading Method with trader101

  • #121
  • Sep 22, 2008 5:32am Sep 22, 2008 5:32am
Quoting trader101
Yes..
We are talking the IBFX for clarification.
The indicator recommended a Long TRADE the Buys are occupying to top postion and obviously the rest of them are struggling to go up while the Sell are struggling to get down. The movement is obviously is going up.
That is odd my profitcalc indicator for IBFX still says short, but I can tell that the current trend is up.
  • #122
  • Sep 22, 2008 5:38am Sep 22, 2008 5:38am
hey matrix..... yes, the code posted would function as a true ea.... it would place trades at the user selected hour, everyday..... you would need to add code to limit to a specfic day or days..... you also might need to edit those orders, i just copied them in the half buy half sell order.....

i've only lightly scanned thru the thead, so not sure what bearing the profitcalc indicator has.....
but if ,,,,, the profitcalc indicator is being used in any sort of manner to determine your buy/sell decisions, it might be useful to combine it also into your ea.... then whatever data is being derived from it could be automatically used in the ea.... then your orders could be placed with respect to it's ideas....h
to trade and code, keep both simple... no call to impress....h
  • #123
  • Sep 22, 2008 5:40am Sep 22, 2008 5:40am
its was short in reference to your entry. The best indication this EA can give is when it has run for at least a week. Keep it open till next week then it will become valuable.
  • #124
  • Sep 22, 2008 5:45am Sep 22, 2008 5:45am
Quoting matrixebiz
How did you find out what currencies were hedging each other like you did?
Matrix
i will explain this pairs selection for hedging in time. I dont have the time right now.
Thanks
  • #125
  • Sep 22, 2008 6:03am Sep 22, 2008 6:03am
Quoting trader101
Matrix
i will explain this pairs selection for hedging in time. I dont have the time right now.
Thanks
Ok, also, I don't know how you traded already, my IBFX is still settling out
I woke up this morning and this is what I see. One Sell up in the Buy section and One Buy down in the Sell section. Would you do anything with this?
Attached Image (click to enlarge)
Click to Enlarge Name: ibfx.JPG Size: 180 KB
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #126
  • Sep 22, 2008 6:10am Sep 22, 2008 6:10am
thx for sharing your ideas.
  • #127
  • Sep 22, 2008 6:34am Sep 22, 2008 6:34am
Quoting matrixebiz
Ok, also, I don't know how you traded already, my IBFX is still settling out
I woke up this morning and this is what I see. One Sell up in the Buy section and One Buy down in the Sell section. Would you do anything with this?
Looking at the demo account you have posted I will trade Long for the ff reasons:
1) Clearly the BUys are moving up the only Sell is the UJ that occupy the 2nd slot.
2) Your profit difference is less than the cost of spread
3) Your recommended trend is Long.
4) The lowest buy is UC which is adjacent to EU its rival. EU is in the anchor position of SELL. Definitely the UC will stay away from EU. The is also true for the top spot the GU and the UJ.
I would say it is a strong BUY situation.That is my analysis.
  • #128
  • Sep 22, 2008 6:56am Sep 22, 2008 6:56am
Quoting trader101
Looking at the demo account you have posted I will trade Long for the ff reasons:
1) Clearly the BUys are moving up the only Sell is the UJ that occupy the 2nd slot.
2) Your profit difference is less than the cost of spread
3) Your recommended trend is Long.
4) The lowest buy is UC which is adjacent to EU its rival. EU is in the anchor position of SELL. Definitely the UC will stay away from EU. The is also true for the top spot the GU and the UJ.
I would say it is a strong BUY situation.That is my analysis.
Thanks. 'More learning, I must do', master
ProfitCalc doesn't say "LONG Strong" yet

Will these EA help you guys (Attached)
Attached File(s)
File Type: mq4 CloseTrades_After_Account_Loss_TooMuch.mq4   3 KB | 2,294 downloads
File Type: mq4 CloseTrades_After_Account_Profit_Reached.mq4   3 KB | 2,288 downloads
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #129
  • Sep 22, 2008 7:54am Sep 22, 2008 7:54am
I think we are in a roll now : I am now almost a $1000 in my FX Pro Account
and Almost $200 in the IBFX account. I hope you were trading this too.
Attached Image (click to enlarge)
Click to Enlarge Name: 6trade.GIF Size: 146 KB
  • #130
  • Sep 22, 2008 8:14am Sep 22, 2008 8:14am
FXpro is now $1500 in profit and it already locked $1100
Ibfx is now $300 in profit and it locked already $210
  • #131
  • Sep 22, 2008 8:24am Sep 22, 2008 8:24am
Quoting trader101
FXpro is now $1500 in profit and it already locked $1100
Ibfx is now $300 in profit and it locked already $210
Hi trader101,
Are you trading all of the pairs or just the 4 on the ibfx account?
By the way your system is thinking outside of the box, but very interesting good job.
JTH
  • #132
  • Sep 22, 2008 8:34am Sep 22, 2008 8:34am
hi
1st thanks for the great system

i want to ask you about money management ..
let say if im using IBFX as my broker
mini acc leverage 1;200
if i have usd1000, what is the money management do u suggest??
how many lot do u suggest for me to enter trade ??
1 lot per post ?? 0.5 lot ??

thanks
  • #133
  • Sep 22, 2008 8:36am Sep 22, 2008 8:36am
Quoting trader101
FXpro is now $1500 in profit and it already locked $1100
Ibfx is now $300 in profit and it locked already $210
What are you using to lock your profits?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #134
  • Sep 22, 2008 8:44am Sep 22, 2008 8:44am
The IBFX trade was just stopped out @ 315 pips or $305.84 in profit.See attached account history. So far the account profit from IBFX now stands at $507.04.

JTH
I am trading 14 pairs straight LONG to answer your question.
Attached Image (click to enlarge)
Click to Enlarge Name: 7tr.GIF Size: 130 KB
  • #135
  • Sep 22, 2008 8:46am Sep 22, 2008 8:46am
Quoting matrixebiz
What are you using to lock your profits?
EA i develop to lock it.
  • #136
  • Sep 22, 2008 8:49am Sep 22, 2008 8:49am
Quoting pip_scalper
hi
1st thanks for the great system

i want to ask you about money management ..
let say if im using IBFX as my broker
mini acc leverage 1;200
if i have usd1000, what is the money management do u suggest??
how many lot do u suggest for me to enter trade ??
1 lot per post ?? 0.5 lot ??

thanks
Refer to post 116 page 8. And do the math.
  • #137
  • Sep 22, 2008 8:56am Sep 22, 2008 8:56am
where r u bro ?
can we meet somewhere ?

thanks
  • #138
  • Sep 22, 2008 9:05am Sep 22, 2008 9:05am
FXPro trades now close all and wa able to generate profit of 1020 pips or $1212.14. See the attached statement. those trades that were opened on 9/22 11:42 that the ones. So i have generated a profit of $1411.02 (roughly 1411 pips) since the start of the week for this account. I hope now that some sceptics will take a second look and give credit to this method. I am not saying this is the best just say that this has potential.

I will be discussing a lot more to this method like maintaining the demo account and how many they will eventually be as the weeks progresses. The selection of pair to hedge. Money management. Locking of profits. I have no trade right now since i think i already earned more than an average trader earned in a day. I am now ready to respond to other questions you have provided that it is not answered yet previously.
Attached File(s)
File Type: zip Statement.zip   3 KB | 2,425 downloads
  • #139
  • Sep 22, 2008 9:15am Sep 22, 2008 9:15am
Great work Trader101,

I would be helpful if you could post your indicator screen when you see clear to take the trades. This way it will give us an clearer idea of what you are seeing on you demo when making that decision.

Thanks for all that you have done so far.

Bruce

Quoting trader101
I am already trading 14 Long straight.
IBFX 0.1 lot trades already $375 profit

FXpro 0.4 lot trades starting to become positive.
This trade is protectd by sheding 0.1 lot everytime it reaches a profit of $1620. and locking half of the remaining profit.

Im going back to sleep now. See you in the morning
T101
  • #140
  • Sep 22, 2008 9:17am Sep 22, 2008 9:17am
Quoting pip_scalper
where r u bro ?
can we meet somewhere ?

thanks
I am a Filipino-American then move to KL and now I am in New York. I can meet you if you are somewhere around here. LOL
T101
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