Simple Trading Method with trader101

ON THE ANOUNCEMENT PAGE OF OUR WEB and personaly i sent 101 an appology

for promotion of my method which in fact is a slight variation to his which suits my method of training,

i dont belive my sytems is better or worse its just my trading prefernce at this stage, IN FACT I THINK 101 PROFIT IS BETTER IN HIS METHOD

as like many we are learning his great work i think the future of forex trading will be based on 101s work

i HAD hoped many of us including with 101s help to fullly understand on the trading room 101s great ideas, AND LEARN FROM EACH OTHER

but my posting ON THE FF HERE was wrong im ashamed of myself

i encourage our members to support 101 system and share this great work together on our trading room

i hope we have up and running for all of your personal use and especiallys 101s system and his followers IF THEY SEE A BENIFIT

for AT LEAST the next coupleof months i encourage sharing of 101s system and his methods

from Brian

101 I HAVE ALSO PLACED THIS IN OUR ANOUNCMENTS ,

OF COURSE MY SILENT SUPPORT 101 WILL BE GIVEN NOW BEHIND THE SCENES SO TO SPEAK
ONCE AGAIN IM SORRY
FROM BRIAN

I found that the older your IA, the less reliable the ProfitCal will become.

For example if your IA has been opened for 1 year, positive will always stay positive and negative will always stay negative. Eg. Buy EU @ 1.60, no matter what the price is now, EU will always stay negative. There must be a time where we have to reset the IA so that the current price wouldn't be too far away from your order price ?

It's true, T101 said you'll have to open a new IA every week (on sundays).

He also said before the longer the IA, the better it is and his IA is already 6 months old ? Or did i remember wrongly ?

A SHORT OVERVIEW

Example of the IA

SHORT Pairs Profit
Sell GBPUSD 500
Sell EURGBP 450
Sell GBPCHF 400
Sell CHFJPY 350
Sell AUDJPY 300
Sell EURJPY 250
Sell USDCHF 200

LONG Pairs Profit
Buy CADJPY -200
Buy AUDUSD -250
Buy USDJPY -300
Buy EURUSD -350
Buy EURCHF -400
Buy GBPJPY -450
Buy USDCAD -500

In this setup GBPUSD and USDCAD are the anchor pairs.
1.When UC jumps up and switches places with GJ, this is an indication of trend reversal.
2.When GU jumps below EG this is another indication of trend reversal.
3.When both 1 and 2 jump its an even better indication of trend reversal.

1) BUYS that jumps up === BUY (if buy jump to profit you buy)
2) SELLS that jumps down=== BUY (if sell jump to loss you buy)
3) BUYS that jumps down === SELL (if buy jump to loss you sell)
4) SELLS that jumps up === SELL (if sell jump to profit you sell)

Trading all LONGS on 14 pairs is profitable already when there is strong trend. But with 14 pairs traded Long your winning pairs normally is 8 pairs and you loss the 6 pairs. Upsetting one of the pair in the group will increase you winning pairs. You will get the top 4 and the lower 4 and either 2 or 3 of the middle which will make your winning around 10 pairs or 11 pairs. The technique is to trade the ANCHOR short when you are trading long or long when you are trading short.

if Trading LONG;
short ANCHORS
if Trading SHORT
Long ANCHORS

For safe trading you wait till those anchors leave their spot then you trade LONG. If that happend your profit will be moving towards 0 and then hold until the profit is made, or the anchors reaches the opposite side, then wait again for the anchors to leave their spots, and then trade short....

So anybody who is using the scripts, is possibly using a wrong thing becouse scripts are coded for anchors UsdChf and UsdCad, and if you started account differently from others, and most uf us did, you are making a wrong trades!!!

I think the for profitcalc ea the IA is more accurate if its newer. But in terms of manually looking at the movement of the currency its better if the IA is older.

To keep the currencies accurate on current market trends, we need to find the right Open and Close time for the 7X7 and 14 pairs, DAILY.

Step 1) Open the 7X7 just before a certain market open (to be determined)
Step 2) Let them and the market do their thing and settle as much as they are going to
Step 3) Examine what they are telling us at another certain time (to be determined)
Step 4) Open the 14 pair in some direction based on examining Step 3, just before another certain market open time
Step 5) Now we can close our 7X7 indicator trades and now wait to get profit from our 14 pair trade direction then start all over Step 1

Sequence keeps repeating within a 24 hour period. Just my thoughts.

Is this true ? I though anchors suppose to trend the strongest and yet we counter trade them ?

Hi Julius, thanks for the method, it really has completely changed my way of thinking in terms of forex.

Thanks also to all those who are helping posting scripts, indicators, etc...

I have some questions that maybe someone can answer me, although the main concept I got clear, I think.

1. Is it necessary to have the computer turned on the 24 hours so that the indicator "ProficCalc" take the data correctly?

2. When you talking about the difference between profit and spread, What do you mean?. For example, the sum of 14 pairs of my spread is 47 pips (more or less 28 €), and in the image below I have a profit of € -35.57. When the profit is less than the spread, then I trade LONG?. I am a little be confused by this.

Thanks for everything. Greetings..

Hi all,

Could one of the programmers here please modify all the files in Luke's ZIP so that microlots or (non IBFX) minilots could be traded? I use Broco MT4 platform. Thanks a lot.

George

There is stil a lot of confusion about this system.
If a guy understood perfectly the method, he could post regularly the IA and explain how he trades and what pairs.
So we could discuss about the process.
It would be certainly the better to understand this method.
In any case, the IA is the same for everybody.
It's only the way of trading which is confuse.

J84, I'll give you my take on this; if it's not accurate, Julius can correct me.

With sells on top, The top anchor is the currency pair that has already gained the most profit...so this pair is oversold, and due to change trend to long. So we buy it just as the uptrend begins.

With buys on the bottom, the bottom anchor currency pair already has the most loss...so this pair is overbought, and due to change trend to short. So we short it just as the downtrend begins.

Hope this helps,

George

Hi...forexflash: nope, they do not have to be those pairs, you could refer to trader's post #289.... He explained the concept of anchor pairs

Kfx, i think the proftcalc just gives us an idea, what most of em did was to keep a excel spreadsheet to track the relative positions of all pairs, that gives the strongest indication.They do this at different juncture and time period, and enter the market whenever there is a change in bias. Some of em i believe like shadowprince suggested entering on the retraces and had good results, trader uses the long term IA to observe the longer trend bias.

I am not sure about the difference in spread... haven study this mehtod in too much detail, perhaps somene else could help.

and i am inclined with comdoc's explanation as well, thats how I understood the system

I think it would be best if T101 can snap shot IA when he is about to do a trade and explain why he took the trade. Some real live example with explanation would surely helps

Hi Starnu,

thank you for posting this great indicator. However, I can you manage to have all the indicators for the 14 pairs opened at once vertically withouth having the graphs as well like in the picture you posted? I am curious, since I would like to do the same. Thanks

Wow, you guys, have no life at all...LOL this saturday and i still could catch you all here.. When i was studying this method a few years ago i was almost like you guy, it challenges the brain and create a passion to trading. I always said to myself there is something that is causing this money to move and there should be pattern in their movement. Even Saturday i have to wake up early and start calculating thing. I think i have visited all the website that offer stats on this currencies. Ill be honest with you all, I have never seen more passionate trader that yourself, on that note, I am glad for all of you. As they say, learn, learn and learn some more. I will try to answer some of the questions here, i asome 30 mins to spare.
T101

Correct but T101 has already given a lot about this method.
I don't know if he will agree.
Maybe there is another guy to make it.

soyabean that post has nothing to do with my question!
I know what are the anchor points!
The thing that bothers me is this........
-----------------------------------------------------------------------
quote from trader101 post:
Ok the second phase of our trading will be to optimized our trading. Trading all LONGS on 14 pairs is profitable already when there is strong trend. But with 14 pairs traded Long your winning pairs normally is 8 pairs and you loss the 6 pairs. Upsetting one of the pair in the group will increase you winning pairs. You will get the top 4 and the lower 4 and either 2 or 3 of the middle which will make your winning around 10 pairs or 11 pairs. The technique is to trade the UsdChf short when you are trading long or Long when you are trading short.
if Trading LONG;
short UsdChf
short UsdCad
if Trading SHORT
Long UsdChf
Long UsdCad
----------------------------------------------------------------------

All the scripts are optimized to do this, and Im wondering is that correct?
Is the above rule always correct, or that pairs must be current anchors???
If yes, than all the scripts are wrong!!!
Please answer me on this one.

T101, is it possible to identify the best 8 to trade instead on trading all of them ? I understand that by trading all is safer becoz you will sure get hit on those winning currency. But if there is a method to find out the most profitable 8 pairs to trade, wouldn't it be great for the system ?

At least by trading best 8, we could significantly reduce the draw down if it happens

I aggree with you that the IA should be updated periodically, but the ProfitCalc has nothing to do with it. Heres how:
ProfitCalc balances the profit of the Buys and the profit of the Sells, the trade that we have is a hedge, not a perfect hedge but hedge. The diffierecne to make this a perfect hedge is the play of the postitive and the negative swing on the profit and this is being monitored by the ProfitCalc. Have we included the real value or the corresponding size of lot to the individual pairs we could have the perfect hedge. I intentionally left this out to create a swing. Now this swing becomes a good indicator as per my observation. On he second statement you have about the pos stay pos and the neg stay neg, you are partly right partly wrong. The statistic for the paest 6 year, 4 curr pair moves downward and all the reset moves up. The four are UJ, UC, UCad and GChf, on average they losessbetween 26 to 55 pips a month. On the other hand other currencies are moving up at the rate between 15-30 pips a month. However you have to consider that even one of the pair moves up it is being counter acted by another currency that goes down. If you are observant enough look at our JPY pairs traded half of it are on the BUY and half on the SELL hence they are being hedge. In other words we dont care where the jpy pairs moves because we are hedge. Extreme good example if you buy 1 lot of EU and sel 1 lot of EU it will allways desame in profit.. right. If we use the Profit calc in this trade it will us a zero profit. But our 14 trades is not perfect there are risk exposure, this is what we are monitoring. As the exposure grow we follow the trend, as they the prices is likely to continue that reverse. If you dont trade the Profit Calc has no value. In short i agree with you that the Profit Calc is not reliable but not on the flawed assumption that is is because of the IA.
Julius