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Simple Trading Method with trader101

  • #261
  • Sep 23, 2008 3:39pm Sep 23, 2008 3:39pm
i have also added your EA for protectng profit.. is this the same EA which will protect your loses or is this something i have to look for manually and action?? thanks
  • #262
  • Sep 23, 2008 3:45pm Sep 23, 2008 3:45pm
T101,

Does the profilt calc change from long to short when the red is over white, as in this pic? If yes, was there a reason not to go long for that small period in the middle? If you did go long there, did you simply reverse the basket when the white moved above red?
Attached Image
  • #263
  • Sep 23, 2008 3:56pm Sep 23, 2008 3:56pm
Quoting BenQ
T101,

Does the profilt calc change from long to short when the red is over white, as in this pic? If yes, was there a reason not to go long for that small period in the middle? If you did go long there, did you simply reverse the basket when the white moved above red?
Yes, the ProfitCalc was an EA created by accident for the sake of at least give me a sense of direction. In short, it was not well thought of. But it seems that it is becoming quite an integral part of this method. It is also one of the reason I am urging some indicator maker to do an indicator on this with refrence to the Money profit and/or Pipprofit because i have a haunch that this indi will become useful. It is, however very dangerous to just rely on the ProfitCalc for entry a of trade but I am glad that some of the reader has put it to good use.
  • #264
  • Sep 23, 2008 4:05pm Sep 23, 2008 4:05pm
Quoting brijon
AS im still reading the finer points, i thought maybe these indicaters could be useful on individual currencys for a cross check if you wanted, you overlay one onthe other as a cross chech for the usd and the individual currency moving and crossing,

maybe this pair coding could be modified for a group currency than individual, there is the mq4 files and a scrreen snap shot , i find this excellent for individual currencys crooss of the dollar index
I am very familiar with this FPI indicator, I was one of the early follower of this Kreslik FPI theory and I am the first user of Coders Guru FPI earlier indicator when it was conceptualize to work only on three pairs (EU, UJ and EJ) I help develop it to be used in almost every hedge pairs you can think of, until i quit doing after realizing that though mathematically impossible to lose but will not be practical to bucket shops we are dealing with. However I am glad that the Indicator developed into USD Index indicator and put into good use. Also there are some files in your zip files i am not familiar with. Which perhaps you can explain to me in a PM. I dont want others to get confuse. Thanks Brian
T101
  • #265
  • Sep 23, 2008 4:15pm Sep 23, 2008 4:15pm
Quoting avatarx51
i have also added your EA for protectng profit.. is this the same EA which will protect your loses or is this something i have to look for manually and action?? thanks
You are right, I forgot to put the Profit SL in that program. I will do it tonight
Thanks for reminding me. Can you post a screen shot of you trading platform.
T101
  • #266
  • Sep 23, 2008 4:28pm Sep 23, 2008 4:28pm
sure

first one is the indicator fxpro
the next one is where i place orders odl
Attached Image(s) (click to enlarge)
Click to Enlarge Name: indicator.jpg Size: 217 KB
Click to Enlarge Name: orders.jpg Size: 247 KB
  • #267
  • Sep 23, 2008 4:38pm Sep 23, 2008 4:38pm
Thanks Avatar,
I have not seen that you attached the 2PP EA. It show how much profit it is protecting.
To effectively use the 2PP EA is has to be drag to all the chart involve in the trade. What happend is that the next tick might not be the chart it was on therefore you profit already drop but the EA was on the chart that did not received the tick. It is an EA therefore must be on all the time. If you turn the EA off. It will hold the last Profit number seen in the chart. Do not turn it on if your profit is lower than the number in your chart becasue it will close all your trade immediate as it recognizes that the new profit is lower than its locked profit. Confusing...nah youll get it.
  • #268
  • Edited 5:01pm Sep 23, 2008 4:56pm | Edited 5:01pm
im in short as well for a few hours now...up 500pips

this is what my indicator demo looks like....
as mention from my perivous post the buys are grouping lower 7 and sells upper 7...

only gbpusd and eurusd out of position...

i must say this method is really impressing me...so far i havent had a single loss....i must thank T101 again for sharing this great idea...and for everyone that has contributed
Attached Image (click to enlarge)
Click to Enlarge Name: 2am 23-09-08.jpg Size: 235 KB
  • #269
  • Sep 23, 2008 4:58pm Sep 23, 2008 4:58pm
i attached your EA profitprotect to 1 chart, and just 10mins ago it closed all my orders. around +400pips something, so i assume it is working correctly.

i thought we base our profits/sl as a whole not indivial pairs.
  • #270
  • Sep 23, 2008 5:07pm Sep 23, 2008 5:07pm
Quoting avatarx51
i attached your EA profitprotect to 1 chart, and just 10mins ago it closed all my orders. around +400pips something, so i assume it is working correctly.

i thought we base our profits/sl as a whole not indivial pairs.
Yes it is.
Ill give you an example you attached The EA only the GU which at this moment move like once every30 seconds. The UJ at this moment and other JPY pairs moves like every seconds. Every movement in the Japanese pairs affect your profit.. right but your EA on GU will not detect that. It will only detect the change if it received a tick. Now i think you get it.. right that how MT4 works. Dont ask me how.. That is how they designed it
  • #271
  • Sep 23, 2008 5:13pm Sep 23, 2008 5:13pm
yes i get it now.. well i guess im gonna have to do some extra work then adding to 14 charts hehe
  • #272
  • Edited 5:37pm Sep 23, 2008 5:21pm | Edited 5:37pm
101 ive just posted my live trades for one of my small sccounts on our site showing target 5%profit perweek with 100%hit rate for september, as youknow im really enthusiastic to incorperate your hedging indicater into a perfect trading solution

here is my report to our members , as you know ive asked all my members to
come over and also give ideas here so we all benifit as well as on later the live trading rooms

here is my current trades using basic kantor trades live account trades for this month

i think we can improve on these combining
101s system ,, with these trades im currently using you can earn on $20000 account even now $1000 pw so with this 101 system combined
the potential is unlimited


but i think i can by combined this process using 101s indicater great inovation and some of Kantors basicspriciples result in greater profits overall


once again 101 great work simple the best looking forwood to great things in the future



thank you from

Brian
Attached File(s)
File Type: xls MyForexAccount.xls   21 KB | 1,940 downloads
  • #273
  • Sep 23, 2008 6:32pm Sep 23, 2008 6:32pm
Quoting BenQ
T101,

Does the profilt calc change from long to short when the red is over white, as in this pic? If yes, was there a reason not to go long for that small period in the middle? If you did go long there, did you simply reverse the basket when the white moved above red?
Mine doesn't show these lines, can you post the indicators please.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #274
  • Sep 23, 2008 6:58pm Sep 23, 2008 6:58pm
Quoting BenQ
Hayseed,

I added the OderReliable to the script and I get these warnings when compiling.
BenQ: this only means that those functions are not called and will therefore not be part of the compiled version (for efficiency reasons). Nothing to worry about!
  • #275
  • Sep 23, 2008 7:12pm Sep 23, 2008 7:12pm
It's the profit calc graphical indi that was posted a little up. Here it is again.

quote=matrixebiz;2238253]Mine doesn't show these lines, can you post the indicators please.[/quote]
Attached File(s)
File Type: mq4 profitcalc_graphical.mq4   2 KB | 2,244 downloads
  • #276
  • Sep 23, 2008 7:38pm Sep 23, 2008 7:38pm
Benq,
When I insert Profitcalc indicator you mentioned I see nothing on the chart.Why ? . I have IBFX mini account
Attached Image (click to enlarge)
Click to Enlarge Name: 103.gif Size: 33 KB
  • #277
  • Sep 23, 2008 7:42pm Sep 23, 2008 7:42pm
Quoting ES Trader
Benq,
When I insert Profitcalc indicator you mentioned I see nothing on the chart.Why ? . I have IBFX mini account
Change your chart down to a 1 min chart then chill for 5-10 minutes or even less and you will start to see the info.
  • #278
  • Sep 23, 2008 7:45pm Sep 23, 2008 7:45pm
Thanks verto, let me try it.
  • #279
  • Sep 23, 2008 8:18pm Sep 23, 2008 8:18pm
Another setup coming soon! Look to go long!
Attached Image (click to enlarge)
Click to Enlarge Name: 9-23-2008 9-14-24 PM IA.png Size: 38 KB
  • #280
  • Sep 23, 2008 8:32pm Sep 23, 2008 8:32pm
HNDYMANN,
WHY DO YOU THINK IT IS TIME TO GO LONG. mY SCREEN LOOKS TOTALLY DIFFERENT FROM YOURS. oF COURSE i DO HAVE IBFX MNIN ACCOUNT. bUT STILL I DONT THINK IT SHOULD SHOW THAT MUCH OF DIFFERENCE.
KRIS
Attached Image (click to enlarge)
Click to Enlarge Name: 105.gif Size: 49 KB
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