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Simple Trading Method with trader101

  • #521
  • Sep 26, 2008 6:38am Sep 26, 2008 6:38am
I made a few more pips around 275 pips or roguhly $293.00.
Friday most of the time is a good to me (Friday London Open).
I think that is my weeks trading and can relax now for the rest of the Friday here. I will be here try to answer your questions.

Before I forget...Your IA account must not be close keep it open. it wont cost you a thing anyways even if you are going to close your computer we just want to look for continuity as of 21Sept as our stating point. Then next week you have to open another IA on the same broker. Normally the trend that the new IA as given by ProfitCal and is in conformity with the Cont IA ProfitCal is a good signal. However the best signal always is the Current Week IA. If it will clutter you screen to much you can always turn of the Cont IA and just open it for consultation. The point is not to close its trades. Capito...
Julius
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  • #522
  • Edited 7:08am Sep 26, 2008 6:49am | Edited 7:08am
Sorry for having so many question, i have another two on my mind.

1. Based on your experience, how often will the trend switch around (to trade All long or all short) or rather how long will the trend last ? 1 - 2 weeks ? or few days ?

2. When Profit Cal shows Strong short or Strong long, what should we look out for ? Or just ride along the strong trend ? Or get ready to trade for counter trend ?
  • #523
  • Sep 26, 2008 6:52am Sep 26, 2008 6:52am
So much of you guys, good programmer and the like are offering to make an EA of this. Although i applaud the idea but i dont think you can capture all the guidelines that is required to make this system profittable in a robot. I am a programmer myself (just not good with indicator. trader that programs) I have tried several times in the past 2 years to make a complete EA but i temporarily stop that notion. All Utility EAs i have provided in this thread are all part(functions) of the big EA i was planning, i would say almost everyday for 2 years i was thinking of all the probability and logic but no to burst your bubble, Manual is the answer to this method. However that doesnt mean that if i cant do it, others cant too. I am still open to making an EA of this and i know it is tough but i am here to support you. If you need data. My ProfitCalc I am using has a recording option that create a text file every tick that comes. My camtasia is taking a snapshot of my screen every 30 min. Believe me, I almost spent my every waking moments in this method. Wow.. becoming emotional now. Ill be here guys if you need me to develop an EA for this.
Julius
  • #524
  • Sep 26, 2008 6:54am Sep 26, 2008 6:54am
Quoting trader101
I made a few more pips around 275 pips or roguhly $293.00.
Friday most of the time is a good to me (Friday London Open).
I think that is my weeks trading and can relax now for the rest of the Friday here. I will be here try to answer your questions.

Before I forget...Your IA account must not be close keep it open. it wont cost you a thing anyways even if you are going to close your computer we just want to look for continuity as of 21Sept as our stating point. Then next week you have to open another IA on the same broker. Normally the trend that the new IA as given by ProfitCal and is in conformity with the Cont IA ProfitCal is a good signal. However the best signal always is the Current Week IA. If it will clutter you screen to much you can always turn of the Cont IA and just open it for consultation. The point is not to close its trades. Capito...
Julius
Hi, not sure if I can get you right on this one, if the current week's IA gives the best signal, why do we still have to consult the cont IA? If your current IA shows a sell bias but the cont IA shows buy, doyou sit out or go short?
  • #525
  • Sep 26, 2008 6:56am Sep 26, 2008 6:56am
Quoting trader101
I made a few more pips around 275 pips or roguhly $293.00.
Friday most of the time is a good to me (Friday London Open).
I think that is my weeks trading and can relax now for the rest of the Friday here. I will be here try to answer your questions.

Before I forget...Your IA account must not be close keep it open. it wont cost you a thing anyways even if you are going to close your computer we just want to look for continuity as of 21Sept as our stating point. Then next week you have to open another IA on the same broker. Normally the trend that the new IA as given by ProfitCal and is in conformity with the Cont IA ProfitCal is a good signal. However the best signal always is the Current Week IA. If it will clutter you screen to much you can always turn of the Cont IA and just open it for consultation. The point is not to close its trades. Capito...
Julius
I was thinking it may be a good idea for those who have these demo accounts open since last week, may be you guys could post your account number and READONLY password and the broker so we could follow it. This would build some redunency in the method incase someone's account was lost by their broker. DO NOT POST INFO ABOUT LIVE ACCOUNTS.

Just a thought.

This is how most places let you monitor their trades, when they try to sell you on a signal service or system. As long as you do not use personal info, it does not cause a privacy issue if you only post readonly password
  • #526
  • Sep 26, 2008 7:01am Sep 26, 2008 7:01am
What is 1A all you guys mentioning about?
Thanks
Kris
  • #527
  • Sep 26, 2008 7:11am Sep 26, 2008 7:11am
Hi T101
What's your favourite method : trading all pairs together in one direction or trading only 2 pairs ?
In this case, what's your timing ?
Regards.
  • #528
  • Sep 26, 2008 7:25am Sep 26, 2008 7:25am
Quoting trader101
Ill be here guys if you need me to develop an EA for this.
Julius
If you could put something together for IBFX also before Sunday then I would love to test and post results.

Thank you
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #529
  • Sep 26, 2008 7:40am Sep 26, 2008 7:40am
Quoting trader101
Ill be here guys if you need me to develop an EA for this.
Julius
Looking forward for the EA developed by you bcoz by reading the EA codes I would know easily what is your though process before you decide to make a trade. You're the best person to make the 1st version of the EA since no one will know the system better than you
  • #530
  • Sep 26, 2008 8:07am Sep 26, 2008 8:07am
Quoting j84
Looking forward for the EA developed by you bcoz by reading the EA codes I would know easily what is your though process before you decide to make a trade. You're the best person to make the 1st version of the EA since no one will know the system better than you
OPPSSSS... Misunderstood. English language has flaws.
I mean if those guys develop an EA im there to support them. Because to me, this method , Manual trading is the way to go. Only the utilities will be done in EA... Good clarified .....Wheew i was sweating when i read that. LOL
  • #531
  • Sep 26, 2008 8:09am Sep 26, 2008 8:09am
Quoting matrixebiz
If you could put something together for IBFX also before Sunday then I would love to test and post results.

Thank you
Two years i was tethering to make a complete EA but never succeeded so Sunday is not possible....LOL
  • #532
  • Sep 26, 2008 8:11am Sep 26, 2008 8:11am
Quoting madscalp
Hi T101
What's your favourite method : trading all pairs together in one direction or trading only 2 pairs ?
In this case, what's your timing ?
Regards.
14 pairs straight if my preference.. Law of average.. you will win more. most of the time. London Open is the best
  • #533
  • Sep 26, 2008 8:12am Sep 26, 2008 8:12am
T101, would the result be better if all traded currency have a TP of 40 pips ? So that those already reach the target and close by itself, will it increase the pips earn ? I observe that when some currency earn some good profit there is retrenchment and it never got back to the same profit again.
  • #534
  • Sep 26, 2008 8:13am Sep 26, 2008 8:13am
Quoting ES Trader
What is 1A all you guys mentioning about?
Thanks
Kris
IA == Indicator Account (YOur demo) Aha.. I caught you cheating, you did not read all the replies and queries.. One demerit for you... ES T. 10 demerit and you will be on detention.
  • #535
  • Sep 26, 2008 8:15am Sep 26, 2008 8:15am
Quoting smjones
I was thinking it may be a good idea for those who have these demo accounts open since last week, may be you guys could post your account number and READONLY password and the broker so we could follow it. This would build some redunency in the method incase someone's account was lost by their broker. DO NOT POST INFO ABOUT LIVE ACCOUNTS.

Just a thought.

This is how most places let you monitor their trades, when they try to sell you on a signal service or system. As long as you do not use personal info, it does not cause a privacy issue if you only post readonly password
Good suggestion..Its only a demo and all of you can check each other IA also will help to check across brokers. Very well thought suggestion.
  • #536
  • Sep 26, 2008 8:15am Sep 26, 2008 8:15am
Quoting trader101
14 pairs straight if my preference.. Law of average.. you will win more. most of the time. London Open is the best
So when your ProfitCalc indicates LONG ( or SHORT) at the London open, you trade long (or short) all pairs at the same time. It's correct ?
  • #537
  • Sep 26, 2008 8:16am Sep 26, 2008 8:16am
Quoting soyabean
Hi, not sure if I can get you right on this one, if the current week's IA gives the best signal, why do we still have to consult the cont IA? If your current IA shows a sell bias but the cont IA shows buy, doyou sit out or go short?
OK its your call, no big deal...
  • #538
  • Sep 26, 2008 8:18am Sep 26, 2008 8:18am
Quoting FOURX
Thanks leigh, i just tried that route,but still the same beep . (it is copy then paste when i get to the folder?)
I think it already there just not showing on the open platform, you need to close and reopen MT4, maybe??
  • #539
  • Sep 26, 2008 8:23am Sep 26, 2008 8:23am
Quoting trader101
14 pairs straight if my preference.. Law of average.. you will win more. most of the time. London Open is the best
Sorry if this is a dumb question, but Do you trade on the London Open from what you see off your IA or do you wait until after London has Opened? (whereas the pairs would settle down in their slots)
  • #540
  • Sep 26, 2008 8:25am Sep 26, 2008 8:25am
Quoting madscalp
So when your ProfitCalc indicates LONG ( or SHORT) at the London open, you trade long (or short) all pairs at the same time. It's correct ?
Bias to current IA but i have to check the jumps. If the 2 anchor pair jumps out the that is good sign 2 overbought and oversold jumping simultaneously means a lto of money flowing. Also have to check the Topmost pairs both of them jumps out and the one that jumps up becomes postive simul with the jumps to negative good for trading LONG. There are jumps that happend but the profit stays negative not so good. That is only a slot jump. What is good is slot jump and changing of profit sign ( neg to pos or pos to neg) coupled with ProfitCalc on the latest IA that is pips in your pocket.
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