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Simple Trading Method with trader101

  • #641
  • Sep 27, 2008 1:06pm Sep 27, 2008 1:06pm
Quoting soyabean
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
Ok, thanks soyabean for your answer.
  • #642
  • Sep 27, 2008 1:08pm Sep 27, 2008 1:08pm
I hope that isn't the case, as we would have to manually edit the hedgebuy and hedgesell scripts every time we want to do a trade. As this was never mentioned anywhere before in this thread, I'd have to think you are incorrect?
Hopefully T101 will shed some light on this.
  • #643
  • Sep 27, 2008 1:10pm Sep 27, 2008 1:10pm
Quoting stinger007
Hi,

Hope I don't get flamed as this is my first post. I've been following the system since the start and understand (in a way ) how it works. I'm just after a Script to close all all orders.

I have had a good luck on the forum and installed the scripts below

http://www.forexfactory.com/showthread.php?t=9502

However each time I use the scripts (metatrader4) i get the following error

Order failed to closed Error :4109

Sorry for the question as im sure this is an easy one, bur after 2 days i'm unable to get it working

Thanks for Help & I love this thread
Hi Can anyone help me with the above i've tryed lots of scripts and im unable to close the all the trades when I want to exit. I've been having to do this manually and its driving me nuts. Really sorry for the noob post its just really frustrating that I understand the methord but i'm still getting to grips with MT4. Thanks guys
  • #644
  • Sep 27, 2008 1:31pm Sep 27, 2008 1:31pm
Quoting Hermes69
Hi Trader101,

should your Protect Account EA be run on each graph of the open trades or can it be run standalone?

Will it protect the account in that case?
run it on any of the the traded pairs...u dont need to run on all 14
  • #645
  • Sep 27, 2008 1:35pm Sep 27, 2008 1:35pm
Hehe. Glad I was directed to this when it is only 44 pages long.

trader101, your generosity is fantastic.

Now, can you please post your template with all your indicators, because I don't really understand what to do?

Sorry. Couldn't resist. I will go and stand in the corner for a few minutes as penance.

I am looking forward to setting up my IA and watching what happens for a few days.

Cheers T101. I am very grateful.


  • #646
  • Sep 27, 2008 1:55pm Sep 27, 2008 1:55pm
Hello all
Just come back from costco and i cant help meyself looking at the thread. Because i want you guys to relax, but i knowyou enjoy the comany & discussion that why your here also you dont want to miss what they are talking and its hard the next day to read through all the pages, ha ha LOL,
So am I.

Let talk about this Anchor Pairs ..anchor pairs are not static. It will appear after the settling point as i have suggested in my settling period when wheni chek my IA at that point in time, the number 1 and the 14 are the anchor pairs. So i put the numbering in my excel sheets at this moment .If i want to make a safe trade ill wait again for say 2 hours and then make an update data sort of my excell there because i previously numbered it now i can see the the Number 1 move to 2 that is my cue the the number was weaken that is the meaning the the anchor pair has moved,it would even be a stronger signal if the number 14 also move consequently. Or i have nothing to do so i stay in front of the computer screen and wait till teh anchor moves. Now this anchor pairs is relative to your particular IA it is now tha one has UCAD yours should also be uCAD. however you both start at the same time then it well be the same. And this applies to the current IA not the Long IA. Now on the issue of counter trading the UCHf against the EU that i did last week as part of the optimazation that is temporary. Not a regular trading. I do that when i am so sure about the fundamentals. Like last week we and this 700B thingy. We know that if signs shows that they approved it USD will soar meaning EU will dropped. and we know that out indicators will pick that up as Trending Short. Since the probability ratio of this EU happening(short) is higher then we go Long for UCHF. and other counter currecy too. On a regular basis it should be all LONG or SHORT all. I hope i come across this time.
Whew.. very healty discussion.. i love this real brain storming here, all ideas are welcome, never shut off any idea even how stupid it sounds...
Julius
  • #647
  • Sep 27, 2008 2:09pm Sep 27, 2008 2:09pm
Now I really have problems understunding this.....
Trader101, now you say that we need to short or long the whole basket.......

and this is a quote from your old post.....
never trade the EU and UC in the same direction or GU and UJ. Yes those mentors i had were right, however reflecting in on our indicator as an example, if initially the EU is buy at the top spot and UC sell at lowest spot, as trading goes one the EU will move down and UC will move up at a certain point somewhere in the middle they will met and using our guide. Buy going down is SELL and sell going up is SELL then if you shorted both the EU and UC they will be both positive trades upon reaching the middle...isnt it.
Well there are plenty more that you will discover as you continue to observe this method and they are simple to comprehend, you dont need any trend lines and s/r and others.
What is it then???
forexflash
  • #648
  • Sep 27, 2008 2:12pm Sep 27, 2008 2:12pm
Quoting ShadowPrince
run it on any of the the traded pairs...u dont need to run on all 14
yes that is true, however if you are critical of your profit you should have in all your charts. meaning every ticks that comes from your broker pertaining to your trade is captured. Unlike of you just attached it to say EU only, if ticks is received by UJ or any other pairs then you miss that consequently that will affect your profit. If it is going up its alright, if it going down and your ProfitLock is already hit but your ea will not act. I hope i had shot this accross.
  • #649
  • Sep 27, 2008 2:15pm Sep 27, 2008 2:15pm
Quoting trader101
Hello all
Just come back from costco and i cant help meyself looking at the thread. Because i want you guys to relax, but i knowyou enjoy the comany & discussion that why your here also you dont want to miss what they are talking and its hard the next day to read through all the pages, ha ha LOL,
So am I.

Let talk about this Anchor Pairs ..anchor pairs are not static. It will appear after the settling point as i have suggested in my settling period when wheni chek my IA at that point in time, the number 1 and the 14 are the anchor pairs. So i put the numbering in my excel sheets at this moment .If i want to make a safe trade ill wait again for say 2 hours and then make an update data sort of my excell there because i previously numbered it now i can see the the Number 1 move to 2 that is my cue the the number was weaken that is the meaning the the anchor pair has moved,it would even be a stronger signal if the number 14 also move consequently. Or i have nothing to do so i stay in front of the computer screen and wait till teh anchor moves. Now this anchor pairs is relative to your particular IA it is now tha one has UCAD yours should also be uCAD. however you both start at the same time then it well be the same. And this applies to the current IA not the Long IA. Now on the issue of counter trading the UCHf against the EU that i did last week as part of the optimazation that is temporary. Not a regular trading. I do that when i am so sure about the fundamentals. Like last week we and this 700B thingy. We know that if signs shows that they approved it USD will soar meaning EU will dropped. and we know that out indicators will pick that up as Trending Short. Since the probability ratio of this EU happening(short) is higher then we go Long for UCHF. and other counter currecy too. On a regular basis it should be all LONG or SHORT all. I hope i come across this time.
Whew.. very healty discussion.. i love this real brain storming here, all ideas are welcome, never shut off any idea even how stupid it sounds...
Julius
Right, so these scripts that were made last week for IBFX that trade all 14 pairs in one direction but TWO currencies go opposite (12 Long 2 Short) (I guess were the Anchor pairs) may change this week and we might have TWO different pairs that we set to opposite direction, correct?
Only reverse the ones that settle in the 1st and 14th spots, then change sides, correct?
but what if we miss the time when they all settle and wake up in the morning with them all mixed up again I think that will be good to have an EA that will monitor this all the time for us then when they all settle and then 1 and 14 change sides, place the trades for us immediately.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #650
  • Sep 27, 2008 2:23pm Sep 27, 2008 2:23pm
Quoting FOREXflash
Now I really have problems understunding this.....
Trader101, now you say that we need to short or long the whole basket.......

and this is a quote from your old post.....
never trade the EU and UC in the same direction or GU and UJ. Yes those mentors i had were right, however reflecting in on our indicator as an example, if initially the EU is buy at the top spot and UC sell at lowest spot, as trading goes one the EU will move down and UC will move up at a certain point somewhere in the middle they will met and using our guide. Buy going down is SELL and sell going up is SELL then if you shorted both the EU and UC they will be both positive trades upon reaching the middle...isnt it.
Well there are plenty more that you will discover as you continue to observe this method and they are simple to comprehend, you dont need any trend lines and s/r and others.
What is it then???
Yes precisely, now if you move to the other neighbor thread the Spieler Method that is what they are waiting to happend like waiting for an eclipse and they take thier Profit. In our case that is an indication should they come from above and going down. Very simplistic i dont intend to complecate it. In the trading Account(TA) we know we will lose one of them if they trend to much but it is covered and anticipate d that we will lose one of them ( ihope the smaller one) but still if both pairs end up in the middle then we will get them both positive.
  • #651
  • Sep 27, 2008 2:27pm Sep 27, 2008 2:27pm
Quoting matrixebiz
Right, so these scripts that were made last week for IBFX that trade all 14 pairs in one direction but TWO currencies go opposite (12 Long 2 Short) (I guess were the Anchor pairs) may change this week and we might have TWO different pairs that we set to opposite direction, correct?
Only reverse the ones that settle in the 1st and 14th spots, then change sides, correct?
but what if we miss the time when they all settle and wake up in the morning with them all mixed up again I think that will be good to have an EA that will monitor this all the time for us then when they all settle and then 1 and 14 change sides, place the trades for us immediately.
NO.. NO.. NO.. Those two pairs are not the anchor pairs because i reverse them it was done becasue of the fundamental news releases. and its only good for that week. Our regular trading is 14 straight that is the regular. WE just from time to time because of world situation that we have to optimized them. But always refer to our regular trading. Whew .. a lot of misconception which i think i am partly to be blame for not explaining it well. Sorry
  • #652
  • Sep 27, 2008 2:29pm Sep 27, 2008 2:29pm
Quoting SteveHopwood
Hehe. Glad I was directed to this when it is only 44 pages long.

trader101, your generosity is fantastic.

Now, can you please post your template with all your indicators, because I don't really understand what to do?

Sorry. Couldn't resist. I will go and stand in the corner for a few minutes as penance.

I am looking forward to setting up my IA and watching what happens for a few days.

Cheers T101. I am very grateful.


Steve.
Ill do that next time right i have problem in my graphic software.
My apologies
  • #653
  • Sep 27, 2008 2:51pm Sep 27, 2008 2:51pm
Quoting trader101
NO.. NO.. NO.. Those two pairs are not the anchor pairs because i reverse them it was done becasue of the fundamental news releases. and its only good for that week. Our regular trading is 14 straight that is the regular. WE just from time to time because of world situation that we have to optimized them. But always refer to our regular trading. Whew .. a lot of misconception which i think i am partly to be blame for not explaining it well. Sorry
Ok, got it. Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #654
  • Sep 27, 2008 2:53pm Sep 27, 2008 2:53pm
Trader101

Clearly there is a lot of confusion here. After 44 pages there are still traders ( me included) who still does not know how the method works. The more posts the more confusion. Those "optimised" sell and buy scripts posted last week and which are under discussion now only adds up to the confusion!

Will you please open a new IA on Sunday and post the "only read" passwords here on the thread. Thereafter everybody will have access to it and everybody will know what you are talking about. I am 100% sure that if we all are on the same page for one week with your IA as reference all this confusion will clear up. If you can then take us all through all the buy and sell signals based on your IA data there will be much more understanding of what your method is all about.

Thank you for sharing with everyone here.

Cobra
Never Ever Give Up!
  • #655
  • Sep 27, 2008 2:57pm Sep 27, 2008 2:57pm
Anybody here who knows some Admin People?? I think we need more page 1 of this thread at least 3 page 1. where we can stick all this attachement and EA, scripts and indicators.
I paste a new ProfitCalc_r1 on page 1. Delete the old one

Thanks
  • #656
  • Sep 27, 2008 3:00pm Sep 27, 2008 3:00pm
Hi. I must say this sounds amazing, but again. Simple is the BEST

How many years have you been trading this Julius? What's the average pips you make pr week? Ever had a loosing week/day?
  • #657
  • Sep 27, 2008 3:05pm Sep 27, 2008 3:05pm
Trader101, what is a difference betwen the old and a new one profitcalc?
forexflash
  • #658
  • Sep 27, 2008 3:10pm Sep 27, 2008 3:10pm
Quoting fxinthesun
Hi. I must say this sounds amazing, but again. Simple is the BEST

How many years have you been trading this Julius? What's the average pips you make pr week? Ever had a loosing week/day?
To be honest i already forget for how long. But this started not like this it just develop into like this and it is still developing as we go on trading we adopt and develop. If you have time visit my past journal "Simplicity is the key" http://www.forexfactory.com/showthread.php?t=14595
It was the 4th most popular journal until i move here in this forum to finally reveal the method. You will see the ups and down of my trading history from there. It started trading one of the pair in the basket, the most probable and profittble of all the currency in the basket. Losing week plenty to count. But iam making a decent count every week now.
  • #659
  • Sep 27, 2008 3:11pm Sep 27, 2008 3:11pm
Quoting FOREXflash
Trader101, what is a difference betwen the old and a new one profitcalc?
Not much just labeled weak the other signal.
  • #660
  • Sep 27, 2008 3:14pm Sep 27, 2008 3:14pm
Quoting trader101
To be honest i already forget for how long. But this started not like this it just develop into like this and it is still developing as we go on trading we adopt and develop. If you have time visit my past journal "Simplicity is the key" http://www.forexfactory.com/showthread.php?t=14595
It was the 4th most popular journal until i move here in this forum to finally reveal the method. You will see the ups and down of my trading history from there. It started trading one of the pair in the basket, the most probable and profittble of all the currency in the basket. Losing week plenty to count. But iam making a decent count every week now.

Thanks! Will read it
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