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Simple Trading Method with trader101

  • #161
  • Sep 22, 2008 11:31am Sep 22, 2008 11:31am
Hello
Is there anybody here who is a good programmer of indicator?? I find it hard to code indicator than EA, so i will leave this to the indicator makers.
The indicator i require will have to lines drawn. One for the sum of buys (7pairs) and the second will be the sum of all the SELLS. since we have 14 pairs and we dont have enough buffer on the MT4. I would suggest make 1 indicator for the BUYs and then call this value to the other indicator of the SELLs and then draw the 2 lines. I know that this 2 lines will cross each other and that is a good signal for a change in trend. Anyone please???thanks
T101
  • #162
  • Sep 22, 2008 11:34am Sep 22, 2008 11:34am
Quoting trader101
Ok i am preparing the phase 2 of this method and that questions will be answered there. For now just be contend of what is being presented and study it as much as you can.
T101
Cool, if you could create a little document on this wonderful system.
I opened my 7 pairs Sunday at Asian open (21GMT) somewhat settled down by this morning and opened 14 BUY orders around 8AM EST can't wait to see the progress when I get home tonight
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #163
  • Sep 22, 2008 11:40am Sep 22, 2008 11:40am
Hi Trader101,

Thanks for the system. I tried to follow your instruction and my trading not settled down yet. What should I do next?

Attached Image (click to enlarge)
Click to Enlarge Name: mychart.gif Size: 96 KB
-happyTrading-myFx.
  • #164
  • Sep 22, 2008 12:16pm Sep 22, 2008 12:16pm
Quoting myfx
Hi Trader101,

Thanks for the system. I tried to follow your instruction and my trading not settled down yet. What should I do next?

Attachment
First you are 3 hours behind than all of us, it should have been opened at almost around market start. Anyways if you look at your IA you obviusly determine that the BUYS are marching up in fact they left except for the last (EU for this matter). Assuming that you have not heard all this talk about the BUY are trending, you have to wait till the last BUY left the Achor position or the first buy occupy the top slot then you trade all BUYS. That would be my recommendation, but since i already know the trend since I am my IA running for months now, i will trade all BUYS now. Even if it is almost 2:00 in the afternoon now since i am trading buys i should get more of the swap rates at 5:00pm. But i could still be wrong, just that the bias is in your favor.
  • #165
  • Sep 22, 2008 12:19pm Sep 22, 2008 12:19pm
Interesting method here. Trader101 i wrote very simple graphic indicator ploting buy/sell profit. It's not saving it's history so changing the tf or restarting the mt4 will reset all data. Maybe someone will have more time than i and could modify this indicator to use a file for saving history data.
Keep it open for a day or two on 1/5/15 min tf and u will have something to analyse.
Attached File(s)
File Type: mq4 profitcalc_graphical.mq4   2 KB | 2,656 downloads
  • #166
  • Sep 22, 2008 12:28pm Sep 22, 2008 12:28pm
Quoting Greenhaze
Interesting method here. Trader101 i wrote very simple graphic indicator ploting buy/sell profit. It's not saving it's history so changing the tf or restarting the mt4 will reset all data. Maybe someone will have more time than i and could modify this indicator to use a file for saving history data.
Keep it open for a day or two on 1/5/15 min tf and u will have something to analyse.
Thank you very much, Greenhaze for that effort spend to this.
This is good already. Perhaps you could introduce the ArrayCopySeries so that will keep the value of the pairs but you could only make for 7 pairs because of the buffer limitation. Then you make another indicator for the other seven pairs and then add the called value from the other indicator. Im sure you know this or perhaps you are just trying to be humble for now. Dont worry, show them off a little nothing nothing to be ashamed off.
T101
  • #167
  • Sep 22, 2008 12:39pm Sep 22, 2008 12:39pm
Hello All
Please rate this thread, so we can get those stars. With the stars it is easy to find this among those many other system when you intially open it LOL. Thanks
T101
  • #168
  • Sep 22, 2008 12:40pm Sep 22, 2008 12:40pm
Hi

How do i activate the script. I double clicked and allowed live trading. No trades opened? I saved it under scripts but it does not want to work. It is the latest one as posted on page 7.

Tx for helping
Never Ever Give Up!
  • #169
  • Sep 22, 2008 12:45pm Sep 22, 2008 12:45pm
Quoting Cobra
Hi

How do i activate the script. I double clicked and allowed live trading. No trades opened? I saved it under scripts but it does not want to work. It is the latest one as posted on page 7.

Tx for helping
The script in page 7 if for IBFX mini account (account with "m" in it) Copy the script to your /expert/script folder. Restart your MT4. Drag the script to one of the chart and it will trade all the 14 pairs.
  • #170
  • Sep 22, 2008 12:53pm Sep 22, 2008 12:53pm
T101

Thx for helping

Now only have 3 buys and 4 sells open?
Never Ever Give Up!
  • #171
  • Sep 22, 2008 12:53pm Sep 22, 2008 12:53pm
Update on Oanda trades (The IA used for this is FXPro) About 165 pips in profit
Attached Image (click to enlarge)
Click to Enlarge Name: o1.GIF Size: 145 KB
  • #172
  • Sep 22, 2008 3:34pm Sep 22, 2008 3:34pm
Ok the second phase of our trading will be to optimized our trading. Trading all LONGS on 14 pairs is profitable already when there is strong trend. But with 14 pairs traded Long your winning pairs normally is 8 pairs and you loss the 6 pairs. Upsetting one of the pair in the group will increase you winning pairs. You will get the top 4 and the lower 4 and either 2 or 3 of the middle which will make your winning around 10 pairs or 11 pairs. The technique is to trade the UsdChf short when you are trading long or Long when you are trading short. This only true to the NonIBFX platform.
Just that pair do not attempt to do this on the other contra pairs.
T101
  • #173
  • Sep 22, 2008 4:23pm Sep 22, 2008 4:23pm
iam wondering does anyone have a script or something that will place buy/sell orders? for the actual order

so like 13 buys 1 sell (usd/chf)
or 13 sells 1 buy (usd/chf)

its kinda hard to place orders 1by1 is that what everyone has been doing?
  • #174
  • Sep 22, 2008 4:28pm Sep 22, 2008 4:28pm
Quoting trader101
The technique is to trade the UsdChf short when you are trading long or Long when you are trading short.
Just that pair do not attempt to do this on the other contra pairs.
T101
Hi T101,

We should only do this with UsdChf because...

Very Strong Inverse Correlation to EurUsd? And EurUsd is usually on the right side of the larger trend?

If not, why only UsdChf please?

Thanks,

VBro
  • #175
  • Sep 22, 2008 4:32pm Sep 22, 2008 4:32pm
I guess we can close out all the Indicator Account trades, correct?
Then now wait until market open tomorrow to open them again and wait for signal on direction?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #176
  • Sep 22, 2008 4:32pm Sep 22, 2008 4:32pm
Quoting avatarx51
iam wondering does anyone have a script or something that will place buy/sell orders? for the actual order

so like 13 buys 1 sell (usd/chf)
or 13 sells 1 buy (usd/chf)

its kinda hard to place orders 1by1 is that what everyone has been doing?
Look at post #1. If your broker is IBFX see post #97 on page seven. The thread is still relatively short. You might want to read through it before attempting this strategy.
Is your SL my TP?
  • #177
  • Sep 22, 2008 4:41pm Sep 22, 2008 4:41pm
Quoting trader101
Ok the second phase of our trading will be to optimized our trading. Trading all LONGS on 14 pairs is profitable already when there is strong trend. But with 14 pairs traded Long your winning pairs normally is 8 pairs and you loss the 6 pairs. Upsetting one of the pair in the group will increase you winning pairs. You will get the top 4 and the lower 4 and either 2 or 3 of the middle which will make your winning around 10 pairs or 11 pairs. The technique is to trade the UsdChf short when you are trading long or Long when you are trading short. This only true to the NonIBFX platform.
Just that pair do not attempt to do this on the other contra pairs.
T101
On the IBFx it is the reverse... If are in LONG trade it is the EU that will be shorted, If we are SHORT the EU will be Long.
  • #178
  • Sep 22, 2008 4:47pm Sep 22, 2008 4:47pm
Now i am getting annoyed by people that are NOT reading every post that we do here. Read it up even if it is just a respond to someone else. Do not get lazy and try to find the answer first before jumping to write something. It is really annoying to help lazy people. Every post you made someone else find the time to respond to it. Dont you think it is a total waste of someone elses time to respond to repetitive question ???? Why dont you just use the time to read. OK .. let be more professional here. Peace. Let the force be your guide ...LOL
  • #179
  • Sep 22, 2008 4:51pm Sep 22, 2008 4:51pm
Quoting avatarx51
iam wondering does anyone have a script or something that will place buy/sell orders? for the actual order

so like 13 buys 1 sell (usd/chf)
or 13 sells 1 buy (usd/chf)

its kinda hard to place orders 1by1 is that what everyone has been doing?

edited from the first post.
BUY13 has usdchf set to sell
SELL13 has usdchf set to buy
Attached File(s)
File Type: mq4 TradeHedge SELL13.mq4   2 KB | 2,366 downloads
File Type: mq4 TradeHedgeBUY13.mq4   2 KB | 2,211 downloads
File Type: mq4 TradeHedgeBUYALL.mq4   2 KB | 2,503 downloads
File Type: mq4 TradeHedgeSELLALL.mq4   2 KB | 2,420 downloads
  • #180
  • Sep 22, 2008 4:52pm Sep 22, 2008 4:52pm
Quoting matrixebiz
I guess we can close out all the Indicator Account trades, correct?
Then now wait until market open tomorrow to open them again and wait for signal on direction?
NO you keep this one open for months, you will need this in the 2nd phasing of this method. If you want to open new one fine but keep this one, because i will be referring to this one every now and then. I have my IA for 6 months now and it becomes very valuable to me.
T
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