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Simple Trading Method with trader101

  • #801
  • Sep 28, 2008 6:05pm Sep 28, 2008 6:05pm
The IBFx is giving s Long signal but i have to ignore it, its just one hour since it open the signs may not be settled yet. Let wait for another hour and lets see the positioning.
  • #802
  • Sep 28, 2008 6:14pm Sep 28, 2008 6:14pm
hi,
your trading method seems to be very interesting indeed. but i still cant understand one thing. how do you know when to sell or buy the pair that as jumped of the boundary?please tell me more.cheers
  • #803
  • Sep 28, 2008 6:33pm Sep 28, 2008 6:33pm
TO ALL
if you are posting a question on the thread for me, and you are not being responded it is because of the ff reasons:
1) I am away from the computer. I answer when i come back
2) I have no time to answer ur question now, later ill do it
3) Your questions was just because you are lazy to read the thread.
I will not answer it, will ignore it and if you repeat the question in the thread i will get annoyed and you will not like my answer, if you PM me why i did not answer then i will explain to you.
4) I dont know the answer to your question. Normally i will answer back saying i dont know.
5) You are asking about the operation of MT4. You will not get an answer.
Thank you.
  • #804
  • Sep 28, 2008 7:15pm Sep 28, 2008 7:15pm
Quoting trader101
TO ALL
if you are posting a question on the thread for me, and you are not being responded it is because of the ff reasons:
1) I am away from the computer. I answer when i come back
2) I have no time to answer ur question now, later ill do it
3) Your questions was just because you are lazy to read the thread.
I will not answer it, will ignore it and if you repeat the question in the thread i will get annoyed and you will not like my answer, if you PM me why i did not answer then i will explain to you.
4) I dont know the answer to your question. Normally i will answer back saying i dont know.
5) You are asking about the operation of MT4. You will not get an answer.
Thank you.
Hey Big T, what are the differences with your two EA's;
2protectaccount and miniAccountProtect?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #805
  • Sep 28, 2008 7:21pm Sep 28, 2008 7:21pm
FRIDAY I WAS COMPARING CHARTS MITH A MICR MINI CHART USER A MINI ACCOUNT AND MACRO

I noticed the indicaters were different in the same time frame , also ofcourse the chart prices in different brokers( always this is well know depending on the brokers data feed) but the 101 list of order and profitloss i thought should be simular. and the currency levels


does anyone know the reason why ?, this is the first time ive noticed this difference

the other thing i found unusualy was 101 feed came on early than mine, as i find on monday mornings up to the nz marketcomes on line these market prices are to crazy for my programs to take seriously on board ,

i geuse we are unlucky here in AUSTRALIA. WE REALLY ARE THE LAND DOWN UNDER

MAYBE these are minor points but i geusse maybe we should be a little warry comparing apples with apples at one point in time

from BRIAN
  • #806
  • Sep 28, 2008 7:22pm Sep 28, 2008 7:22pm

Hi Trader101,

could you please confirm thatthe 2 anchor pairs x this week are EUR/USD & GBP/USD against the long/short basket?

I would highly appreciate if you could post a version of the Profit Calc. with the recording option ON so as to be able the .xls file IB Simple you posted earlier today.

Thanks

  • #807
  • Sep 28, 2008 7:30pm Sep 28, 2008 7:30pm
I've attached my chart that i want to use for examination

the indicator is profit chart

ive put level 50 and - 50 on it
and the X,s are at 7am gmy and 1500 gmt so i can study when this thing may take off

lookinging at the possibility of - when the yellow line is above 50 consider all longs
and when the yellow line is below 50 consider all sells

lets see how this pans out
Trader 101 this is so exciting!!!! thanks for taking the time to share
Attached Image (click to enlarge)
Click to Enlarge Name: arb.gif Size: 51 KB
  • #808
  • Edited 7:49pm Sep 28, 2008 7:35pm | Edited 7:49pm
Hi all,

Can i enquried on one question with regards to the first post.
I guess most of you already got the idea of how it works. So anyone if know,
pls help me on this.

In trader101 first post. He long the UC because it turn negative to positive from the profit column.


1))Why does trader101 also long GU? I really tried reading the tread for a few times.

Is there any easier way to interpret. I know you guys are way ahead.

Regards
vincent
  • #809
  • Edited 8:43pm Sep 28, 2008 7:51pm | Edited 8:43pm
Quoting vincentlim
Hi all,

Can i enquried on one question with regards to the first post.
I guess most of you already got the idea of how it works. So anyone if know,
pls help me on this.

In trader101 first post. He long the UC because it turn negative to positive from the profit column.

1)By how much should it turn positive before i start
the long trade?

2)Is it possible that after i long not for a while. It retrace back to negative?

3)Why does trader101 also long GU? I really tried reading the tread for a few times.

Is there any easier way to interpret. I know you guys are way ahead.

Regards
vincent
This turned it around for me, hope it does for you. Good to refresh.

Anchor pairs will not always be AU and AJ, they just happened to be earlier today when my setup occurred. When Trader101 talks about pairs jumping, he is talking about the anchor movement from the top(most positive) down or from the bottom(most negative) up. Let me see if I can explain better.

example (the perfect setup)

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

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

In this setup GU and UC 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.

4. Since the sells are on top and the buys are on bottom, the trend will be leaning toward the LONG direction when entereing all pairs.

I hope this is correct otherwise I might be causing confusion. Trader please let me know if this is wrong so i can either modify or delete this post.
  • #810
  • Edited 8:38pm Sep 28, 2008 8:20pm | Edited 8:38pm
looks like a good buy, only the anchor point left standing to fight the opposite forces.

(Update: Bad call, should wait for this new IA to settle. Old IA show short, should wait for old IA to confirm long. Close all trade (I'm trading only 11 pair, manual buy 11 pair) will a total lose of 75 pips. )
Attached Image (click to enlarge)
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  • #811
  • Sep 28, 2008 8:37pm Sep 28, 2008 8:37pm
Quoting BeepBoop
so what are the different changes from v3. to .v4?
Simply a version change to avoid confusion. That way if people just look for the latest version, they'll get the one that works.

Ron
  • #812
  • Sep 28, 2008 8:47pm Sep 28, 2008 8:47pm
Hi everyone...

I'm always, keeping an eye on this thread 24/7.

I honestly think we need someone who understands this sytem, to make a new thread and explain it throughly, otherwise if someone can make walkthrough or step by step on how to:

1) how to set this system up...
2) what we are looking for...
3) when to go long...how many pairs.
4) or short...how many pairs.
5) which scripts and EA to use...
6) how to identify the anchors pairs...
7) what happens when the anchors moves position...
8) how or when to place the trades...

because is getting out of hand...

it is really getting confusing...

this will really help everyone to get a clear understanding of this brilliant system.
  • #813
  • Sep 28, 2008 8:52pm Sep 28, 2008 8:52pm
Quoting Fx-Seer
Hi everyone...

I'm always, keeping an eye on this thread 24/7.

I honestly think we need someone who understands this sytem, to make a new thread and explain it throughly, otherwise if someone can make walkthrough or step by step on how to:

1) how to set this system up...
2) what we are looking for...
3) when to go long...how many pairs.
4) or short...how many pairs.
5) which scripts and EA to use...
6) how to identify the anchors pairs...
7) what happens when the anchors moves position...
8) how or when to place the trades...

because is getting out of hand...

it is really getting confusing...

this will really help everyone to get a clear understanding of this brilliant system.
See page 24 for a complete walk through of the set up ....Hndymn (LUke did a nice job)....

As for the other questions, you should reread the thread it's all there. I know it's extremely long but that's what we all had to do...
  • #814
  • Sep 28, 2008 8:53pm Sep 28, 2008 8:53pm
hi trader 101
first thanks for your system.
please find attached in the same time the profitcalc is showing short strong on alpari and long strong on fxpro !!!!
it is not the same signals .
regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: alpari.gif Size: 25 KB
Click to Enlarge Name: fxpro.gif Size: 16 KB
  • #815
  • Sep 28, 2008 9:01pm Sep 28, 2008 9:01pm
You are correct!

IBFX does not have that pair, and thus the IsIBFXMini flag SHOULD correct that problem.

It will also need to be corrected in the BUYALL and SELL and CLOSE script as well. I'll work on them.

Sorry if my reaction seemed knee-jerk. No bad intentions intended :-)

Ron




Quoting ddblue
The way you described it was that you could select IBFX mini, but it would still try to buy / sell cadjpy and the original 14, not the IBFX 14. So I edited the scripts to be truly compatible with IBFX mini accounts.

Also, I DID change the name - I added IBFX to the front of each file name.


Anyway, I'll take them down for now to avoid problems. As I said, it's my first time trying to add anything so sorry if I committed any faux pas.

Or (and sorry to possibly add to your workload) - would you consider making a truly compatible script set for IBFX mini folks yourself then? Here are the hedge pairs according to Trader101, post #51:

Set 1(The Buys)
1) GBPUSD
2) EURGBP
3) GBPJPY
4) USDCHF
5) NZDUSD
6) AUDJPY
7) EURJPY
Set 2 (The Sells)
8) EURUSD
9) USDJPY
10) AUDUSD
11) NZDJPY
12) GBPCHF
13) CHFJPY
14) EURCHF
Total spread for Buys = 37
Total spread for Sells = 40

I know I would love it if I could use your scripts for the IBFX pairs - and I definitely trust your programming / script creating ability over my own. I tried to ask you / tell you all this in private, but you don't allow PMs.
  • #816
  • Sep 28, 2008 9:03pm Sep 28, 2008 9:03pm
Quoting imad
hi trader 101
first thanks for your system.
please find attached in the same time the profitcalc is showing short strong on alpari and long strong on fxpro !!!!
it is not the same signals .
regards
The PCalc work on your profit, is your profit the same?? also It is relative to your starting point. It monitor your IA so all relative to your IA. The trend as measured to profit is not static so your indication is also not the same. Can you believe me that one guy will trade Long now and another guy will trade Short 15 mins and both of them will be in profit?? yes it all depends on the entry. It is dferrent that the normal indicator you see like the MA it measure the candles. If you are using the ProfitCalc for entry you have to watch it and trade it immediately at the start of the new trend it has to go through "NONE" first that is your reversal signal, because the trend will be just for an hour or two. and then put your profit protect to guard your profit for retracement.
  • #817
  • Sep 28, 2008 9:04pm Sep 28, 2008 9:04pm
Until the dust settles and I can get a better idea of what to look for to determine which direction I should trade, I am solely looking at the profitcalc signal. Earlier it said strong short, so I shorted. I came back a little later and now it says strong long (as of this posting still says so). So I have closed out the sells (at a about a $-400 loss) and have now gone long on all pairs.
We'll see what happens I guess.
Anyone else getting a strong long at the moment?
  • #818
  • Sep 28, 2008 9:06pm Sep 28, 2008 9:06pm
T101,
Any thought about putting an alert on your profitcalc? Might help to test getting in right when it changes the trend signal, and getting out when it reverses etc.
I know I can't sit here and stare at it all day, but I might be able to hear an alert if it had one

Just a thought
  • #819
  • Sep 28, 2008 9:11pm Sep 28, 2008 9:11pm
Quoting tazmaan
T101,
Any thought about putting an alert on your profitcalc? Might help to test getting in right when it changes the trend signal, and getting out when it reverses etc.
I know I can't sit here and stare at it all day, but I might be able to hear an alert if it had one

Just a thought
Can an EA be made solely on that indicator?
  • #820
  • Sep 28, 2008 9:14pm Sep 28, 2008 9:14pm
MOST of you are getting frustrated because you want to understand the system as quickly as you want without reading the thread. Some of you just read the last few pages and start shooting questions. Because of your desire to start trading already. Why dont you follow the example of other that they watch for 1 week before even trading this method. My suggestion dont do anything for a day and read the thread through and through, digest it, understand it because i know everything is there. Also because of your frustration some of you suggest to even start a new thread. You cannot even digest 1 thread now you wnat another one. Wow, i dont know how th e mind works this days. No patience at all. I learn a lot when i was working in Japan. Japanese are so patient and those people never whine like we American do a lot. They stay on one side and observe, listen and think that by the time they open their mouth they have something. I wish I am like them. PLEASE FOR GODS SAKE, Read this thread while it is still short. This is only a little over a week and it is already over 50 pages imagine how many pages it will be by next week, if you dont read it now, you wont read it next week because it will be over 100 pages already.
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