Simple Trading Method with trader101 | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

trader101 method based trades 12 replies

Trader101 Method Back Testing Tool Q+A 16 replies

Setting up the Basics for Trader101 style trading. 28 replies

Attachments: Simple Trading Method with trader101
Exit Attachments

Simple Trading Method with trader101

  • #541
  • Sep 26, 2008 8:28am Sep 26, 2008 8:28am
Quoting BeepBoop
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)
Last post answer this question i think...
  • #542
  • Sep 26, 2008 8:31am Sep 26, 2008 8:31am
Oops, I Am Sorry 101,
May Be I Should Stand In The Corner Along With My Granddaughter Lol.

Any How I Love Your Excel. But I Slightly Modifiesd It By Adding Numbers (corresponding To Their Place In The Slot)at The End Of The Currency Pair Name In Ia.
This Would Help Me To Know When The Currency Jumps It Will Be Easy To Find From Which Slot It Moved.
I Want Put Up The Picture Of The Excel , But Not Sure How To Do It.
Is There Any Otherway Of Knowing When The Currency Jumps, May Be An Alert Or Something Like That. Of Course I Read That You Can Capture The Screen Every Few Minutes . Just Wondering Whether You Have Any Other Suggestion.
Thanks
Kris
  • #543
  • Sep 26, 2008 8:32am Sep 26, 2008 8:32am
When we say London open its not like really 3:00am here. I am proximity to the London Open, you have to consider that and hour before Frankfurth is opening as well..right?? and the Frankfurth open ususally give you the false direction of London trend. I notice most of the time. Then you decide to close your trade and when 3:00 comes trade you close was right. Smack you head and curse " Damn viagra ". LOL Proximity to London open.
  • #544
  • Sep 26, 2008 8:40am Sep 26, 2008 8:40am
Quoting ES Trader
Oops, I Am Sorry 101,
May Be I Should Stand In The Corner Along With My Granddaughter Lol.

Any How I Love Your Excel. But I Slightly Modifiesd It By Adding Numbers (corresponding To Their Place In The Slot)at The End Of The Currency Pair Name In Ia.
This Would Help Me To Know When The Currency Jumps It Will Be Easy To Find From Which Slot It Moved.
I Want Put Up The Picture Of The Excel , But Not Sure How To Do It.
Is There Any Otherway Of Knowing When The Currency Jumps, May Be An Alert Or Something Like That. Of Course I Read That You Can Capture The Screen Every Few Minutes . Just Wondering Whether You Have Any Other Suggestion.
Thanks
Kris
Putting a number is good then say after a few hours Data sort it so you see the how the numbers move. I have a macro that implement the sorting to my excell automatically i put a happy face icon to it and i just clik it boom sort everything then look at numbers, wow no 14 is now number 1. So i buy. For those who are not into programming of excell there is a fucntionality of excell that record an action call record a macro. So you do it one time and then next time just call that macro (normally it is numbered) and run. Wella....you save countless cliks of the mouse....
  • #545
  • Sep 26, 2008 8:45am Sep 26, 2008 8:45am
Quoting trader101
Hello, Jim
I am from NYC.
If you are with FXDD you should have no problem with the original 14 pairs mentioned as they readily available in their platform.
However the 11 pairs that you traded is not a problem. What we are concern is the creation of the IA, that is the critical part of this system. It is this IA that will give you the bias or market pull. Then the trading is up to you whether to trade all the 14 or the 10 or even 2 or 4. But again you have to remember that inspite we may be right in choosing the bias but not all the 14 pairs will be prrofittable. Some (minority) will be unprofittable. That is the danger of not trading them all. But if it realy unavoidable due to your account balance then remember the Anchor pair is the most logical choice of you are for highest probability to reverse or the top of the bottom pairs that jump and its partner to be the most probable to continue the move. Below I outline the pairs if you just want to trade 1o pairs:

Set 1
GBPUSD
EURGBP
GBPCHF
AUDJPY
EURJPY

Set 2
EURCHF
GBPJPY
AUDUSD
USDJPY
EURUSD

Cheers
T101
Thanks for taking the time to answer my questions..... I will play with it this weekend and next week and see if I can tweak it somewhere.... It's really strange (account size is not an issue I'm on a demo, however when I go live to maintain proper MM 10 might be easier)

That is a wonderful Idea about the read only IA's We would all be looking at the exact same data...awesome. I would do mine but I'm pretty sure my 11 pairs would not be much help LOL)

I still have alot of practice to do, my morning short went bad so I cut it off and reversed it to a long. Not on any signal just to play (In profit when I left for work)


Next Time I'm in the City 101 I'm buying the Beer!!!!
  • #546
  • Sep 26, 2008 8:46am Sep 26, 2008 8:46am
Thanks 101 For Your Reply.
Let Me Try And See How To Do It With My Very Very Minimal Knowledge Of Excel And Programmnig. Unless You Want Send The Exel File With Macro You Have Already On It( Hope This Request Will Not Add To My Point Towards Detention)
Thanks
Kris
  • #547
  • Sep 26, 2008 8:49am Sep 26, 2008 8:49am
i JUST WENT LONG SINCE POSITIVE NUMBER IS AHEAD ON EXCEL. ACOOUNT IS SLIGHTLY POSITIVE. LETS SEE WAHT HAPPENS
  • #548
  • Sep 26, 2008 8:54am Sep 26, 2008 8:54am
Woh! Up 230 Pips. Cant Be This Easy, Can It?
Kris
  • #549
  • Sep 26, 2008 8:55am Sep 26, 2008 8:55am
I Have an indicator here that graph the profit of the sells and the buys however it is base on the pip value. I dont know if it will do good to anybody since there are already a lot of indicators presented by everyone (sharing is good but not on E-bay) but i will past anyways, if you like it use it if not just delete it or sell to Ebay telling them this is good (ibet some suckers will buy it) LOL .The blueline is the BUYS and red is the SELLs and the Yellow is the resultant. It is good to use on a 4 hour chart. Try it
Attached File(s)
File Type: mq4 ProfitChart.mq4   3 KB | 3,518 downloads
  • #550
  • Sep 26, 2008 8:58am Sep 26, 2008 8:58am
Quoting ES Trader
Woh! Up 230 Pips. Cant Be This Easy, Can It?
Kris
It does happens Kris, many are surprise about this, now only they realize that trading all currrencies one way is profittable, they really pains to analyse every direction of every currencies until they become nuts, just shot them all.. sure your hit the one.
Jim -- just LightBeer for me....
  • #551
  • Sep 26, 2008 9:06am Sep 26, 2008 9:06am
i have read the system over several times and feel i have it correct so here i go we will take a new 14 long trades when either of the pairs circled reaches the anchor position or do they both have too.
Attached Image
  • #552
  • Sep 26, 2008 9:08am Sep 26, 2008 9:08am
Jimbop,
I am not sure why you are having issues on your fxdd, that is what I am using and it's opening 14 pairs every time I hit the TradeHedge Sell.
  • #553
  • Sep 26, 2008 9:10am Sep 26, 2008 9:10am
Thanks 101.
Woh, Look At The Way This Took Off, May Be Oversold Bounce
Attached Image (click to enlarge)
Click to Enlarge Name: 107.gif Size: 49 KB
  • #554
  • Sep 26, 2008 9:17am Sep 26, 2008 9:17am
Quoting ES Trader
Thanks 101.
Woh, Look At The Way This Took Off, May Be Oversold Bounce
Actually this is really the Longtrend if you look at your excell spreadsheets, the SELLs that we experienced was just speculative trend of the market with all the news about bailout and it has been going OK we just took advantage of it. In fact i think it will be dominated by the BUYS next week. Ohhh there was a questions i did not reply-- if how frequent this trend change happening, its hard to tell between trend and retrace. There are also long term trend and short term, I jsut watch my indicator and read a lot of econmic news thats how i get the trend.
  • #555
  • Sep 26, 2008 9:20am Sep 26, 2008 9:20am
ES TRADER,

Could you possibly put up a screen shot of what is in your scripts folder on your ibfx platform, as i have some issues?

thanks tony
  • #556
  • Sep 26, 2008 9:28am Sep 26, 2008 9:28am
HERE YOU GO FOURX
Attached Image (click to enlarge)
Click to Enlarge Name: 108.gif Size: 35 KB
  • #557
  • Sep 26, 2008 9:31am Sep 26, 2008 9:31am
Quoting ES Trader
HERE YOU GO FOURX
cheers pal!
  • #558
  • Sep 26, 2008 9:37am Sep 26, 2008 9:37am
Quoting trader101
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.
Sorry if this was answered already, but what are the anchor pairs for IBFX that I watch for?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #559
  • Sep 26, 2008 9:46am Sep 26, 2008 9:46am
Hello to all.
I want to thank T101 and all the guys that are making this a great thread, keep up the good work!!

I just finished reading the whole thread (no free lunches ).
Also, I want to start testing this method, should I open the basket now or should I wait for sunday open?

Also I want to suggest two links that might help someone.
The first is a table that shows you some data for the Currencys Correlations, from Oanda:
http://fxtradeinfocenter.oanda.com/c...elations.shtml

The second is the Market Hours (maybe will help some newbie like me )
http://www.forexmarkethours.com/

No more wasting your time, only thanking you for your great efforts, and all the people that is working so hard. Let me know if I can help in some way, I have no skills, but the gift of time



Agustin
3rd World Trading
  • #560
  • Sep 26, 2008 9:46am Sep 26, 2008 9:46am
Quoting matrixebiz
Sorry if this was answered already, but what are the anchor pairs for IBFX that I watch for?
the anchor position is the extreme top and extreme bottom of the of the set of 14 pairs so any pair that is in either positon is the anchor pair hope i got it correct if not Trader101 will correct me
2 traders viewing now