Simple Trading Method with trader101

Quoting EAprogrammer

Disliked

You don't need to balance the spreads since the BUY/SELL setup is for information purpose only. So do not put the above set into a REAL account.

Depends on the movment of the set would determine the movement of the market.

Ignored

Quoting nanningbob

Disliked

HI

Ignored

Quoting Perky

Disliked

I was thinking..... eeeek
hi autofx btw

ok on the platform running the trades write an output from profitcalc indicatorto disk file day ever 15 mins
1 for long 2 for long strong
-1 for short -1 for short strong

then have an expert pick up that file every 20 mins interval( or so)
and trade all buys ( 2 long strong)
or all short all sells (short strong -2)

BUT... will have a set profit target in the ea to close all trades and wait again
ONLY after it gets a 1 or -1 - meaning things have settled down

before i invest anytime im waiting for one of those occurrences to occur
i.e. long strong or long short

Ignored

Quoting jtmoore007

Disliked

Ok here is a spreadsheet i have been meaning to write but just haven't had the time.

I don't know about yall but I like to have the pips calculated when i have made trades. and the mt4 history doesn't do that only Profit is calculated. here is what it does. just simply click on account history then save as detailed report. then copy and paste all fields in the report minus the headings ( they are already in spreadsheet)

if you have more trades than there are "pips lines" then copy and paste pip calculations to what ever you need. the rest is ok

and it will spit out pips per trade, total profit, and total pips. i haven't found this anywhere else. and i like to see it this way

I hope yall can find a good use for it.

I love this system but I am NO CODER so this is my little part. lol
anything else i can do just let me know

Ignored

Quoting stanru

Disliked

Hi T101
Perhaps this will be useful tools when make 14 pairs long or short?

Ignored

Quoting j84

Disliked

thnx for this great system. I was wondering if this system could be dynamic enough for other number of currency combination ?

Is it possible for,

5 + 5 = 10 currency ?

4 + 4 = 8 currency ?

3 + 3 = 6 currency ?


I can't seem to find the actual method to derive possible currency mix, or is there any ? And what is the reason of having 14 currency pair and not any other number ?

Less currency pair = faster set up for trade = more trade

14 currency pair is like 4h TF and maybe 10 currency like 1h TF ? Maybe the number of currency is in relation to the duration of the trade

Ignored

Quoting FOREXflash

Disliked

Trader101 is it possible that you externalize some variables
for 2ProtectAccount.ex4 ?

Ignored

Quoting tradersyoung

Disliked

Regarding the set of Pairs that Trader101 has so brilliantly come up with. Please note: his first thread says the pairs had to be "in balance". I prepared a spreadsheet to analyze this statement; and show 1) why the 14 pairs are in balance; 2) Another set of 11 pairs that would work; 3) a pair Set that wont' work (Shows OUT OF BALANCE and why) and 4) attached the spread sheet so you can find other combinations that should work (or not).

Ignored

Quoting supaq

Disliked

Thank you Trader101 for sharing your method i like the logic behind this method however i have one question, in the original post you say
set1- Sells
set2-Buys

I noticed in the mIBFXHedge script for the Ibfx 14 pairs it has the set1-Buys and set2-Sells should it be the other way to sell the pairs in the set1 and buy the pairs in set2 or it does not make a difference.

OrderSend("GBPUSDm",OP_BUY, Lot,
OrderSend("EURGBPm",OP_BUY, Lot,
OrderSend("GBPJPYm",OP_BUY, Lot,
OrderSend("USDCHFm",OP_BUY, Lot,
OrderSend("NZDUSDm",OP_BUY, Lot,
OrderSend("AUDJPYm",OP_BUY, Lot,
OrderSend("EURJPYm",OP_BUY, Lot,

OrderSend("EURUSDm",OP_SELL, Lot,
OrderSend("USDJPYm",OP_SELL, Lot,
OrderSend("AUDUSDm",OP_SELL, Lot,
OrderSend("NZDJPYm",OP_SELL, Lot,
OrderSend("GBPCHFm",OP_SELL, Lot,
OrderSend("CHFJPYm",OP_SELL, Lot,
OrderSend("EURCHFm",OP_SELL, Lot,

Ignored

Quoting j84

Disliked

THnx !

I found the combination that will work for my broker.

Buy

EUR/CHF
GBP/JPY
EUR/USD

Sell

EUR/GBP
GBP/USD
EUR/JPY
GBP/CHF

If spread were to include it is not balance anymore ? Or spread is not that importance ? If it is odd number will it work ? How can 1 currency profit balance out 2 other pair ?

Ignored

Quoting nanningbob

Disliked

HI

Ignored

Quoting j84

Disliked

HI, can i use the same method to trade (like what is posted on #1) all of those 7 pair that I have ? Will it work ? Or it have to be 14 pairs in order to trade this system ?

Buy

EUR/CHF
GBP/JPY
EUR/USD

Sell

EUR/GBP
GBP/USD
EUR/JPY
GBP/CHF


My broker only provide the following currency

1. EUR/CHF
2. GBP/JPY
3. EUR/USD
4. EUR/GBP
5. GBP/USD
6. EUR/JPY
7. GBP/CHF
8. USD/CAD
9. AUD/USD
10. NZD/USD
11. USD/CHF
12. USD/JPY

I hope I this system will work for the currency pair i have coz i really like the idea of trading all the currency been monitor

Ignored

Quoting Perky

Disliked

whoa 150 pips my first night and I'm just on my training wheels


I shall have to investigate this further

god bless america........
for for crissake make up your minds on the bail our plan!!

Ignored

Quoting Babyboy

Disliked

Hi trader101,

Guess I'm stuck off for sometimes. Never could imagine there's so many page already in air. Looks like I got to redo the reading from page 1 all over again.

BTW, are you guys going for most pairs ? or still can stick to few pairs as per beginning thread ?

Trader101, looks like you are becoming famous and busier than ever.......

Ignored

Quoting trader101

Disliked

Tell me your broker, I work his ccy pairs for you.

Ignored

Quoting j84

Disliked

I am using saxo. They have only the following 12 currency for mini account (They have other currency but I dont think is good for trading).

1. EUR/CHF
2. GBP/JPY
3. EUR/USD
4. EUR/GBP
5. GBP/USD
6. EUR/JPY
7. GBP/CHF
8. USD/CAD
9. AUD/USD
10. NZD/USD
11. USD/CHF
12. USD/JPY

http://www.saxomarkets.com.sg/privat...der_rates.aspx



For standard account, they have everything. But i need $15,000 in order to open standard account. And even if I have 14 currency, their platform cant use EA, which means I have to click 14 times in order to open trade and 14 times in order to close all trade.

Ignored