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Simple Trading Method with trader101

  • #321
  • Sep 24, 2008 8:57am Sep 24, 2008 8:57am
Quoting trader101
Bigggggg homework...
i will prepare it for you, give me sometime.
T
Yeah. Its a big homework for all of us.
I encourage everyone thats actively trade this system(demo or live) should do the same. Zip them and post.

I will go home and start do my analysis.
If everyone believes it, it will work.
  • #322
  • Sep 24, 2008 9:11am Sep 24, 2008 9:11am
I will also help in this as much as possible

101 i too was in the long trade overnight and the profic lock ea said i had locked in the $310. when i woke up this morning it actually closed it out at $289.5

Not complaining about the $289.5 at all!!!!!

Just the opposite!! love making money while i sleep

just wondering why it closed it out so late? why not at the $310?
  • #323
  • Sep 24, 2008 9:18am Sep 24, 2008 9:18am
Quoting jtmoore007
I will also help in this as much as possible

101 i too was in the long trade overnight and the profic lock ea said i had locked in the $310. when i woke up this morning it actually closed it out at $289.5

Not complaining about the $289.5 at all!!!!!

Just the opposite!! love making money while i sleep

just wondering why it closed it out so late? why not at the $310?
What is the lock you are talking about? by a script? or EA? can you send me the script? It might because of the time the script executes and acutal time it got closed. since the script is closing all 14 pairs and take time
If everyone believes it, it will work.
  • #324
  • Sep 24, 2008 9:26am Sep 24, 2008 9:26am
Quoting trader101
Before i forget.. bro.
The other night, i develop and tested this trade management EA that will protect the 0.4 lots that i entered in this method. It should shead 0.1 lot on every pair if the profit hit $1620 and then lock half of that. and then wait again for $1620 then closes the 0.1 lots and locks again half of that. That is the logic. However, at the first close it only partial close half the trades. Waht happend, now i have 2 distinct lot sizes some are .4 and other are .3. Then screws up the EA because my marker for this to happend is based on lot sizes. I need to pick you brains here, Waht do you think is the most reliable partial close method you can recommend?
Thanks
T101
First, I would make sure no partial close will ever happen (only if you explicitly want to). To make sure all 14 pairs close when they need to close. You could place a while loop around the orderclose method.

while ( Orderclose(...) == false ) {};

that way, can guarantee the close of each order.
If everyone believes it, it will work.
  • #325
  • Sep 24, 2008 9:37am Sep 24, 2008 9:37am
Damn, I missed last night
My currencies in IBFX are still mixed up so didn't know which direction to trade
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #326
  • Sep 24, 2008 9:40am Sep 24, 2008 9:40am
That's most likely due to tick slippage. I have EAs that close all at profit too, and they rely on incoming ticks. T101's is the same. A tick has to come in on that pair. And with 14 pairs open, sometimes it takes a little while to close all the trades. In those few seconds, there are price changes on the remaining pairs.

Quoting jtmoore007
I will also help in this as much as possible

101 i too was in the long trade overnight and the profic lock ea said i had locked in the $310. when i woke up this morning it actually closed it out at $289.5

Not complaining about the $289.5 at all!!!!!

Just the opposite!! love making money while i sleep

just wondering why it closed it out so late? why not at the $310?
  • #327
  • Sep 24, 2008 9:42am Sep 24, 2008 9:42am
Quoting EAprogrammer
First, I would make sure no partial close will ever happen (only if you explicitly want to). To make sure all 14 pairs close when they need to close. You could place a while loop around the orderclose method.

while ( Orderclose(...) == false ) {};

that way, can guarantee the close of each order.
Could you not also use the 'OrderCloseReliable' command that comes with;
#include <OrderReliable.mqh>
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #328
  • Sep 24, 2008 9:47am Sep 24, 2008 9:47am
Quoting matrixebiz
Could you not also use the 'OrderCloseReliable' command that comes with;
#include <OrderReliable.mqh>
I personally would not use it due to the unnecessary checking. If any of the checking changes in the next build, we would have to recode everything. Althought the chances of massively changes are rare.

I would keep it simple, because it works and fast.

Any comment
If everyone believes it, it will work.
  • #329
  • Sep 24, 2008 9:57am Sep 24, 2008 9:57am
Quoting BenQ
That's most likely due to tick slippage. I have EAs that close all at profit too, and they rely on incoming ticks. T101's is the same. A tick has to come in on that pair. And with 14 pairs open, sometimes it takes a little while to close all the trades. In those few seconds, there are price changes on the remaining pairs.

that is what i kind of thought. and im using the ea from post 1 to close trades in profit
  • #330
  • Sep 24, 2008 10:02am Sep 24, 2008 10:02am
Quoting jtmoore007
that is what i kind of thought. and im using the ea from post 1 to close trades in profit
If we cannot avoid it, we can make the script to close smarter.
Instead of closing them in a preset order, we could close them in the acending order of profit.

In order words, close those losing money first. Then close those are making money. Since the should be in a trend, so pairs that make money will keep making money and pairs that losing will losing for the next few seconds.

Hope that helps.
If everyone believes it, it will work.
  • #331
  • Sep 24, 2008 10:02am Sep 24, 2008 10:02am
Quoting EAprogrammer
I personally would not use it due to the unnecessary checking. If any of the checking changes in the next build, we would have to recode everything. Althought the chances of massively changes are rare.

I would keep it simple, because it works and fast.

Any comment
Hi EAprogrammer,
I have this ea that you could incorporate into the ea you are thinking about making.
It is not my ea, if you want his permission to use his ea i think his name is in the source code. it does all the things that t101 has and more, have a look see what you think.
Attached File(s)
File Type: zip MTP4FF.zip   328 KB | 2,591 downloads
  • #332
  • Sep 24, 2008 10:05am Sep 24, 2008 10:05am
I fell very tired of all the"methods", but this one makes me smile!

Trader101 keep up the good work, and EAprog I can wait for EA!

My thougt on the method is that it is more secure and profitable
to trade this in a way that as soon you have 20-50 pips profit you close
all the trades, and if criteria is still good open another set..etc....
Today I have had a strong buy indication, and I manage to open more
than 20 buyall sets, each set lasted about few minutes, but all of them
was closed in profit betwen 20-50 pips!
forexflash
  • #333
  • Sep 24, 2008 10:07am Sep 24, 2008 10:07am
so is anyone long or short or did yall all get stopped out and waiting for a clear direction. im seeing a ranging market. it wanted to go down but headed back up. im staying out for the time being
  • #334
  • Sep 24, 2008 10:26am Sep 24, 2008 10:26am
That's what I did yesterday and worked well. But today, I feel like I'm confused again and not sure what the signal is to go all short or all long.

Quoting FOREXflash
I fell very tired of all the"methods", but this one makes me smile!

Trader101 keep up the good work, and EAprog I can wait for EA!

My thougt on the method is that it is more secure and profitable
to trade this in a way that as soon you have 20-50 pips profit you close
all the trades, and if criteria is still good open another set..etc....
Today I have had a strong buy indication, and I manage to open more
than 20 buyall sets, each set lasted about few minutes, but all of them
was closed in profit betwen 20-50 pips!
  • #335
  • Sep 24, 2008 10:28am Sep 24, 2008 10:28am
When I want to trade individual pairs ,(when they jump up or down as mentioned by 101 in the very first post), is it possible to draw a line at the 7th slot on mt4 terminal.This will make it easy visually since for eg when pair jumps to 8th slot one has to buy. But I have to count everytime the slot number from bottom up.It is sometimes distracting. I hope I am making sense. Or is there some other way for eg coloring differenly buy/sell. I know it can be done on excel but is it possible to do it on Mt4 terminal itself.
Thanks
Kris
  • #336
  • Sep 24, 2008 11:05am Sep 24, 2008 11:05am
hi t101, great system as always!

i understand the hows and the whats, and though i'm not trading the past many weeks, i frequent the forum for ideas and logic that i can apply to my own system. just a matter of suiting a system to a trading personality, than the other way around.

now i'm more curious about the whys of this system. what makes it tick? why does it work? obviously such a powerful system is built on a great understanding of how the currencies, hedging and trend reversals work. to me, that's what's most interesting.

keep it up!
  • #337
  • Sep 24, 2008 11:12am Sep 24, 2008 11:12am
Quoting jtmoore007
so is anyone long or short or did yall all get stopped out and waiting for a clear direction. im seeing a ranging market. it wanted to go down but headed back up. im staying out for the time being
cant seem to see a clear trend as well...ranging at the moment...anyone see it differently?
  • #338
  • Sep 24, 2008 11:15am Sep 24, 2008 11:15am
Man, i just turn around and another 3 pages have been added to the thread. LOL. Now i have lot to response again. Let do this first thing. Let me deal that Matrix confusion as to the direction and his option to draw aline accross the terminal. Use the attached excell. it is colored coded and easy the see how the red and green moves. This was originally done by Franco and i made some modification. Make sure that your tools-- option -- server --dde is enable. It will pick up the quotes from your MTplatform and use in the excell. It is preformated. Just clik the x when all those annoying questions in the start of opening the file then it is a go. I suggest you just use the FXPro enable dde server the rest of your platform make sure they disable to avoid conflicting the server data. Also in that excell you can see the those currencies up to 5 weeks ago how are there placement relative to current prices. This is a cool tool. Ok I have to respond to the others.
Attached Image (click to enlarge)
Click to Enlarge Name: o3.GIF Size: 108 KB
Attached File(s)
File Type: xls 101WorkFile.xls   92 KB | 2,617 downloads
  • #339
  • Sep 24, 2008 11:19am Sep 24, 2008 11:19am
Quoting ES Trader
101 and hyndyman,
thanks for the beautiful explanation you both gave last night. I was able to read it only this AM. I live in chicago and was night when your response hit the thread. Now I am quite clear how this system works.

Thanks 101 for your great contribution. I have tried various methods but this sounds very logical. The system also seem to fit people like me who are busy during day time with regular job( may be I will be able to retire when this generates enough income. LOL).
Thanks once gain. Do you ever come to Chicago. Let me know thanks
Kris
I will in few weeks and i am going to look for you..im serious..
Thanks
  • #340
  • Sep 24, 2008 11:20am Sep 24, 2008 11:20am
THANKS 101
KRIS
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