Simple Trading Method with trader101

Quoting bobbybrown

Disliked

Hi there

I've never seen anything like this before...surprising when you consider how much sense it makes...thanks for this approach.
As what jth says this is thinking outside the box. It start with my journal "Simplicity is the Key" but i never reveal this method until now. Read that journal and perhaps i have explained more in there than here. You are welcome.

Just have a few questions...

* On Oanda demo account i noticed you traded 100,000 units in each of the 14 currencies...does it matter that each pip had a different value when it comes to the profit/loss order?
It doesnt matter, i dont see your point. Remember we are not hedging. We are trading either long or short. The only thing is to make sure that we exploit the bias of the basket of currencies. The hedge demo account help us determine that bias.

*Do you buy/sell the 14 'indicator' pairs in the demo account every monday or do you leave indefinetly?
No specific day or time to trade, it depends if im awake or asleep LOL. But its much better to trade all the pairs involve in the indicator account.

* Once there is an order change in the currencies do you automatically enter the trade in the corresponding direction or do you wait for a further signal?...I know you said you don't use indicators but maybe something like high/low break, candlestick patterns etc
No i even seldom look at the candle stick or the MA or the R/S or the fibo. I look at the placement of profit and from there i determine where is the overall bias of the currencies. Overall Currency move can only be determine by the bias.

Thanks...I hope my questions make sense and sorry if I'm repeating anything
There are few repeat questions but i am in the answer mood so its juts cool.

Ignored

Quoting mark10

Disliked

Absolutely Brilliant.

I'll give it a go.

Mark

Ignored

Quoting trader101

Disliked

Hello Bobby

Ignored

Quoting avatarx51

Disliked

hello when i run the hedge file on mt4 it opens up like soo many orders most currencies have like 2-3 buys/sells anyone know whats going on??

Ignored

Quoting bobbybrown

Disliked

Thanks for the prompt reply

What I meant regarding the 14 indicator pair trades was how often do you set up the 'hedge' to see the bias? Do you just set it and leave it forever or is it something you do on a schedule/regular basis (almost like a reset)?
The Oanda trade last week is not a indication trade it was a trade the indication was done by the demo account on FX Pro, trying to prove that brokers done really have that much of a difference when it comes to price.
Yes. i leave the Indicator Account (too long i will abbreaviate this) IA alone, i dont even close it, i just leave it open week in week out. It is not going to close itself anyway because it is a hedge. I have my IA as far back as 6 months then i print screen it in a regular interval for study purposes. If you do this for a long period you will almost memorized the movement of the pairs.

Regarding the oanda pip difference...I was thinking maybe the amount of profit/loss difference in the 14 pair table might not give a bias reflection of the movement. But I suppose we are just looking for move up or down...the amount is irrelevant
Same response.. it is a trade account not IA.

Ignored

Quoting fluke

Disliked

Indeed its a very strong trend now...

T101, Just wonder, recall in previous post where you listed 14 IBFX pairs,
Total spread for Buys = 37
Total spread for Sells = 40

Can I say that at balance point, total profit is -77. Anything more positive than that indicates an overall LONG trend, so does the opposite.

Ignored

Quoting kenmania

Disliked

It looks like you use an ea or a script to open the fourteen pairs all at once. Can you post that?

Ignored

Quoting kenmania

Disliked

Hey Trader 101, you're a friggin' genius. Thanks.

It looks like you use an ea or a script to open the fourteen pairs all at once. Can you post that?

BTW, I traded this last night and learned more about pair correlations in one trading session than I did over the past three years of trading.

Ignored

Quoting trader101

Disliked

Hello Ken,
Nice to see you again, enjoying your millions already???? Thanks for that, genius thingy. This is the system you all have been asking me for the past two years.. worth the wait??? Go to post #97 page 7 for IBFX account or page 1 for other platform. Just change the SELL to BUY and BID to ASK
T101

Ignored

Quoting ShadowPrince

Disliked

trader101,

i left things to settle after running the original script (7 buys, 7 sells) earlier today. Now reading the this thread im lost. I was wondering if u use this original one where there are 7 buys and 7 sells or are u using all buys?
also i dont understand the profitcalc script. i ran it on a chart that is currently going down (like the usdchf) and it still says the trend is LONG.

BTW im using FXpro for the demo, as indicator

Ignored

Quoting trader101

Disliked

Man i am tempted to trade again because of a very strong signal. Anybody traded it since i said about this strong trend???

Ignored