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Simple Trading Method with trader101

  • #821
  • Sep 28, 2008 9:24pm Sep 28, 2008 9:24pm
Sorry... I think i gave the wrong impression, I have read this thread 3 times, I agree 100% with trader101 you need to read this at least 3 times before you can make sense of it.

I just thought it would be just a bit of a help to everyone, if it is compile with pictures and some videos, but as said earlier, this thread has only been up for a week or so, I will compile one once I understand it... to just help out everyone here....

Cheers
Fx-seer
  • #822
  • Sep 28, 2008 9:25pm Sep 28, 2008 9:25pm
Quoting qz10cq
Can an EA be made solely on that indicator?
Please let us know the result if anyone is trading solely using the new version of Profit Cal. THnx

Now waiting for buy from old and new IA, guess will take a look at my IA when London session open
  • #823
  • Sep 28, 2008 9:47pm Sep 28, 2008 9:47pm
hey fx-seer..... i'm with you here...... having intensely read this deal from day one, i can confidently say the changes and distractions will make it difficult for the newcomer to make any headway in understanding......

//----------------------on another note--------------

well , guess who wasn't paying attention for the market opening...... rather than start the ea midway through the opening hour i started it at the 2nd hour..... kinda messed up my point in prior post about the possibility of the opening gaps skewing results....

the ea places all 14 trades every hour, separates by group and totals profit/loss for each group and places running totals on the chart..... based on ibfx's chart time, where magic 200000 is hour 0, 200001 is hour 1, and so on.... h
Attached Image (click to enlarge)
Click to Enlarge Name: 1012.png Size: 24 KB
to trade and code, keep both simple... no call to impress....h
  • #824
  • Sep 28, 2008 9:48pm Sep 28, 2008 9:48pm
Quoting Fx-Seer
Sorry... I think i gave the wrong impression, I have read this thread 3 times, I agree 100% with trader101 you need to read this at least 3 times before you can make sense of it.

I just thought it would be just a bit of a help to everyone, if it is compile with pictures and some videos, but as said earlier, this thread has only been up for a week or so, I will compile one once I understand it... to just help out everyone here....

Cheers
Fx-seer
I am preparing an E-book of this, so just be patient and evnetually it will be done, i sympathize with everyone about the frustration they feel. I dont feel well as well because as the originator of this thread i want to effectively convey this to you, or i will be a failure myself. This is he best system I have encountered and i dont want it to go to waste by not conveying it to you properly. The measure of a good teacher is not how good he teach but how good the student learn.
  • #825
  • Sep 28, 2008 9:59pm Sep 28, 2008 9:59pm
I have also read that some of you have been trading already started trading Short then Long and then Short again. Have you paid attention to the one i was lecturing while ago, i mentioned that I am short and my TP is $560 but i am willing to to extend this a little because of my fundamental background the i am trading short and will continue to trade short until tommorrow. When i trade short I already made 126 pips and reopens again and hang on to it because the 560 is not even hit. So i am still on this trade. The point i am trying to raise is that trading is trying to be spontaneus not because of the indicator say so. Trader should be flexible and all this tools are being use on notice not tools are always required.
My piece is said, now yours i will hear.
  • #826
  • Sep 28, 2008 10:01pm Sep 28, 2008 10:01pm
Quoting trader101
I am preparing an E-book of this, so just be patient and evnetually it will be done, i sympathize with everyone about the frustration they feel. I dont feel well as well because as the originator of this thread i want to effectively convey this to you, or i will be a failure myself. This is he best system I have encountered and i dont want it to go to waste by not conveying it to you properly. The measure of a good teacher is not how good he teach but how good the student learn.
That would be very nice. It just that after i read and dont understand.
And further reading to found that answers i looking for. The thread is already
pretty much talking about the results.

It is like in school, some students are smarter in absorbing and some are slower in which not the slower students did not try. (i did i belong to the slower one)

Greatly appreciated.
vincent
  • #827
  • Sep 28, 2008 10:06pm Sep 28, 2008 10:06pm
Quoting qz10cq
Can an EA be made solely on that indicator?
What happend to those trades now QZ did you make profit already both ways?
  • #828
  • Edited 11:43pm Sep 28, 2008 10:29pm | Edited 11:43pm
Quoting trader101
What happend to those trades now QZ did you make profit already both ways?
Took +110 from shorts, -250 with the longs. Didn't have all the pairs open/close for me, had to add them (my mistake). Only have 13 pairs offered on Interbank. Should I add or subtract a pair? Market is going long now was down around 325 now down around 200 in the longs. Here it is 1 hr later and I'm down 400 in the longs with profit locked on the shorts for another 50.
  • #829
  • Sep 28, 2008 11:20pm Sep 28, 2008 11:20pm
Ok, that's all as for me today I'm hitting bed. My results:

+420 pips from short (I have opened my ALL SHORT positions Friday just before market close, betting Washington will seal the financial deal what happened on Sunday before market open) otherwise it would be around +120 pips if I would start fresh as you guys today

+65 pips from ALL BUY positions, when IA turned around and showed BUY (it was clearly counter-trend, so I took profit as soon as possible, I'm considering such a move short term/scalping)

SHORT is the name of the game for Monday most probably, will see tomorrow - I'm trading NY open.
  • #830
  • Sep 28, 2008 11:28pm Sep 28, 2008 11:28pm
Quoting trader101
OK brian, I am with you on this one, if you can convince of this 100% hit rate even just for the next 3 months min 200 trades. I will be your slave. LOL
Julius
I fully respect Brijon's personality and his spirit of sharing and giving. but I really hope NOT to see any 100% hit rate again. Why would one care so much about 100% at first place???

A trader, in the first place, NEEDs to learn sometimes he/she needs to EXIT due to a mistake. It is same thing even in human life.

and show me another Kantor from that thread announcing 100%, I don't believe there is one. I do know many kantors blew up in July August, on the other hand.

I am not young and speaking without thinking. Not being offensive, 100% hit rate is NOT what a trader looks for, literally. and it is good for airplanes or space shuttle launch tho.
  • #831
  • Sep 28, 2008 11:31pm Sep 28, 2008 11:31pm
Quoting trader101
Reenter a new SHORT TRADES. and quickly is in postive territory now. Wow lots of money flowing guys and it is shorting the Forex World.
Dear Trader 101, have you taught us somewhere before on HOW TO RE-Enter? I did read through all posts, but seemingly don't remember such things, Please forgive me if I skipped it.

My concern on the re-enter logic is that if we exit, and re-enter right away, then why do we exit in the 1st place? I guess that you wait 1or2 hours to find a new pair-jump to re-enter?

Thanks in advance!
  • #832
  • Sep 28, 2008 11:46pm Sep 28, 2008 11:46pm
Folks,
I'm attaching updated T101_v.x.x indicator. Let's see if it does what it supposed to.

Change list:
- rid off EA functionality all together. It should do what it indends to - indicate. Ea is whole different anymal and should be coded separately

- represented 5 time periods. So, you could see how currency basket has been moving in time. For now, change those parameters once a week at least if you wish to see latest situation.

Basically parameters
extern datetime date_start_week_1 = D'2008.09.05 12:00';
extern datetime date_start_week_2 = D'2008.09.12 12:00';
extern datetime date_start_week_3 = D'2008.09.19 12:00';
extern datetime date_start_week_4 = D'2008.09.26 12:00';
extern datetime date_start_week_5 = D'2008.09.28 22:00';

could be any date you wish to start analyzing with

- shown 5 separate currency columns, so you could see how the basket is changing.

- parameter Symbol_suffix. Set it to "m" if you want currency set of IBFX mini
account.

Let me know if you find any problems.
Attached Image (click to enlarge)
Click to Enlarge Name: indi.jpg Size: 193 KB
Attached File(s)
File Type: mq4 T101_v1.6.mq4   22 KB | 1,851 downloads
  • #833
  • Sep 28, 2008 11:47pm Sep 28, 2008 11:47pm
Quoting charvo
Dear Trader 101, have you taught us somewhere before on HOW TO RE-Enter? I did read through all posts, but seemingly don't remember such things, Please forgive me if I skipped it.

My concern on the re-enter logic is that if we exit, and re-enter right away, then why do we exit in the 1st place? I guess that you wait 1or2 hours to find a new pair-jump to re-enter?

Thanks in advance!
No, I have not mentioned the logic for this. As i think this is your judgment. First, the ProtectProfit Close the trade inprofit of course. The trend stays the same just a retrace. I let go down and when i notice that it is coming back (the price) the i go back in. I dont want ot interfere with the EA protect if it closes it let it be. I know some of you will ask how aobout the spread again. That is the area where we can optimize later because i have not htought about that yet. In short .. Re entry.. issue i leave it to the individual traders call. You reeneter immediately as long as the trend is still the same no problem. You are willing to take the brunt of the retrace also OK, because save the spread of reopening good too. You close via EA and willing to spent the spread for next trade OK too.
Julius
  • #834
  • Sep 28, 2008 11:49pm Sep 28, 2008 11:49pm
Quoting trendchaser
that is a good ideah
il see what i can do

heres the companion indy, with this the objects will draw in a seperate window

before i go further, id like to see trader101's thoughts

im still not sure on a optimized time to look back, and if it should be updated, or the start time locked in
The pairs are reversed. The group with GBP/USD are short. The group with EUR/USD are long.
  • #835
  • Sep 28, 2008 11:51pm Sep 28, 2008 11:51pm
Quoting Orest
Folks,
I'm attaching updated T101_v.x.x indicator. Let's if it does what it supposed to.

Change list:
- rid off EA functionality all together. It should do what it indends to - indicate. Ea is whole different anymal and should be coded separately

- represented 5 time periods. So, you could see how currency basket has been moving in time. For now, change those parameters once a week at least if you wish to see latest situation

- shown 5 separate currency columns, so you could see how the basket is changing.

- parameter Symbol_suffix. Set it to "m" if you want currency set of IBFX mini
account.

Let me know if you find any problems.
hello Orest,
Appreciate your work, Seriously you have to consult with TrendChaser, we have de facto assigned him to all this indicator and EA. This is not to discourage you from posting but you are updating his indicator, dont you think it would be nice to discuss this with him first. Also this will avoid all the confusion later.
Thanks
T101
  • #836
  • Sep 29, 2008 12:39am Sep 29, 2008 12:39am
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
Imad- Why is this unusual? EU and GU often move in opposite directions. Am I missing your point? I'm still learning this system.
  • #837
  • Sep 29, 2008 12:57am Sep 29, 2008 12:57am
hi
i got the explanation from trader 101 . i was just surprised that on alpari we had a different signal than forexpro .
i was not talking about EU and GU .
trader 101 said it s possible to have different signal in 2 different broker . due to the time i have opened the positions on both brokers
  • #838
  • Sep 29, 2008 12:58am Sep 29, 2008 12:58am
Quoting Orest
Folks,
I'm attaching updated T101_v.x.x indicator. Let's see if it does what it supposed to......................................

Let me know if you find any problems.

Orest, For T101_v1.6.mq4 I'm getting a 'zero divide' error in the experts tab and nothing is displaying in the indicator window. Running this demo on FXDD.
  • #839
  • Sep 29, 2008 1:12am Sep 29, 2008 1:12am
Quoting imad
hi
i got the explanation from trader 101 . i was just surprised that on alpari we had a different signal than forexpro .
i was not talking about EU and GU .
trader 101 said it s possible to have different signal in 2 different broker . due to the time i have opened the positions on both brokers

Okay. I guess the fact that you included a chart of GU and of EU as examples was confusing.
  • #840
  • Sep 29, 2008 1:15am Sep 29, 2008 1:15am
Dear 101

Thank's a lot for presenting this way of trading, it seems like a nice and
"stressfree" way to catch some good pips. Shorted all pairs last night 30 mins after market open, woke up with + 5% in my account .

@ Trendchaser,

Also thank's a lot to you, great work. I have a request for you, would it be possible in your next Indicator version, to build in sound alert and e-mail function, so when there is a change in trend one can be alerted? That would be awsome and save some time staring at the screen all day..

Keep up the good work guys,

PC
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