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Simple Trading Method with trader101

  • #841
  • Sep 29, 2008 1:29am Sep 29, 2008 1:29am
First, let me give a resounding thank you to Julius for this GREAT approach to Forex Trading...it simply transcends any other strategy of trading I have seen in the past 4 years that I have been actively trading!

I manually set up the 14 currency pairs on Oanda somewhat late (GMT200), but maybe this was a positive note because I got the setup past the noise of the Sunday evening market opening.

At about GMT400, I noticed USD/CAD had moved up two slots and EUR/GBP had correspondingly moved down. I noted their respective P&L amounts. Although this was just a demo trade with 1 full lot per pip I profited $484 by GMT500...on just 2 currency pairs.

Wow! Maybe tomorrow I will get real bold and trade 4 currency pairs on my demo account! LOL
  • #842
  • Sep 29, 2008 1:45am Sep 29, 2008 1:45am
Quoting hndymann
Alright, I was bored today and decided to make a few video tutorials on how to install and setup the IA and Demo trading accounts for the system.

These videos are very basic so if you know how to do this already, there really is no need to watch them

Here you can find the tutorial on installing 2 copies of MT4 platform.
http://kantorfx.com/files/trader101/instaling_mt4.zip
-------------------
Here you can find the tutorial on the IA MT4 setup
http://kantorfx.com/files/trader101/ia_setup.zip
-------------------
Here you can fine the tutorial on the demo trading account setup
http://kantorfx.com/files/trader101/demo_setup.zip
-------------------
You can download all of the files I used in the tutorials here (except for the mt4setup file)
http://kantorfx.com/files/trader101/...1%20Method.zip
-------------------

Maybe these will be of use to some. Enjoy

Luke
Hi Luke,

I have try the link but it doesn't work, is it possible to send the zip file?

Thanks
Irene
  • #843
  • Sep 29, 2008 1:47am Sep 29, 2008 1:47am
Quoting ronzzer
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
Glad that was cleared up ! I look forward to using the IBFX scripts you make!
Do you think the karate kid knows kung-fu?
  • #844
  • Sep 29, 2008 1:51am Sep 29, 2008 1:51am
As I am getting very sleepy I have decided to close out my demo account with a net profit of $566.

I have two small twists to trading this strategy.

1) I use RSI (9) to guage the traditional overbought/undersold territory. This is sort of a pacifier for someone who cannot live without at least one indicator! LOL

2) I use Tom Yeoman's currency meter that measures each singular individual currency strength against the other currencies. When I pair two currencies together, and their strenghts are just about even, the market is consolidating and it's time to close the trade.

Good luck trading y'all!!
  • #845
  • Sep 29, 2008 1:54am Sep 29, 2008 1:54am
I'd like to say thank to trader101 to share this genius method, and others for making awsome indicators, EAs. After a week of lurking , reading over and over so many time, and I decide to take a first live trade. Got out for 161 pips total. This method is the Number 1 !!!. No sweating.!!!
I can't say thank you enough!!!
You are a very kind man T101.
Keeping up the good work guys. Wish all happy pipping!!!

gFX
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  • #846
  • Sep 29, 2008 1:58am Sep 29, 2008 1:58am
Quoting greenfx08
I'd like to say thank to trader101 to share this genius method, and others for making awsome indicators, EAs. After a week of lurking , reading over and over so many time, and I decide to take a first live trade. Got out for 161 pips total. This method is the Number 1 !!!. No sweating.!!!
I can't say thank you enough!!!
You are a very kind man T101.
Keeping up the good work guys. Wish all happy pipping!!!

gFX
Nice, hope you done your demo trading before you did your live trading.
  • #847
  • Sep 29, 2008 2:04am Sep 29, 2008 2:04am
Quoting greenfx08
I'd like to say thank to trader101 to share this genius method, and others for making awsome indicators, EAs. After a week of lurking , reading over and over so many time, and I decide to take a first live trade. Got out for 161 pips total. This method is the Number 1 !!!. No sweating.!!!
I can't say thank you enough!!!
You are a very kind man T101.
Keeping up the good work guys. Wish all happy pipping!!!

gFX

did you manually short each pair? im on fxcm as well i think gotta do 1by1??
  • #848
  • Sep 29, 2008 2:34am Sep 29, 2008 2:34am
Wake up to check the London start trading..
Woow,..Across 3 trading platforms ..I am now 2324 pips
2 ibfx and 1 fxpro. The trend to Short is still very strong.
  • #849
  • Sep 29, 2008 2:37am Sep 29, 2008 2:37am
avatarx51,
I manually hit sell 1 by 1 But it has close all option. fxcm allows only 12 trading pairs at a time. The last trade I trade short everything at default.

j84, It is mricro, so it won't hurt much. Thank you for concerning

Happy
  • #850
  • Sep 29, 2008 2:56am Sep 29, 2008 2:56am
Quoting avatarx51
did you manually short each pair? im on fxcm as well i think gotta do 1by1??
You can program this in Visual Basic with the "Order2Go" API of FXCM.
  • #851
  • Sep 29, 2008 2:57am Sep 29, 2008 2:57am
Hi trader 101
A great system you got going here, i started a trade this morning and straightaway i am in profit. I am using a mini demo account and so far so good. I have applied the miniaccountprotect but i don't know when it is suppose to kick in.my pips at the moment is 1356 +/-. i want to let them carry on but nothing has been protected yet. Can you tell me what the protection scale is for the minaccountprotect. Is calculated on pips or on cash.
Thanks
JTH
  • #852
  • Sep 29, 2008 3:01am Sep 29, 2008 3:01am
Quoting rexlee
Hi Luke,

I have try the link but it doesn't work, is it possible to send the zip file?

Thanks
Irene
Hi rexlee,
They are zip files and i just checked them and they are working fine.
JTH
  • #853
  • Sep 29, 2008 3:08am Sep 29, 2008 3:08am
Quoting jth
Hi trader 101
A great system you got going here, i started a trade this morning and straightaway i am in profit. I am using a mini demo account and so far so good. I have applied the miniaccountprotect but i don't know when it is suppose to kick in.my pips at the moment is 1356 +/-. i want to let them carry on but nothing has been protected yet. Can you tell me what the protection scale is for the minaccountprotect. Is calculated on pips or on cash.
Thanks
JTH
For MiniProtect --- goto post#488 page33
for AccProtect --- got post#239 page16
This EAs are in post#1
I think you need the second one not the mini. Tell if you got it right
  • #854
  • Sep 29, 2008 3:10am Sep 29, 2008 3:10am
Quoting trader101
For MiniProtect --- goto post#488 page33
for AccProtect --- got post#239 page16
This EAs are in post#1
I think you need the second one not the mini. Tell if you got it right
Thank you sir
JTH
  • #855
  • Sep 29, 2008 3:13am Sep 29, 2008 3:13am
hello all, new to this thread and have spent the last 5 hours reading through it, now somewhat dazed.

The logic is the most beautiful of any system I have seen.

So correct me if I'm wrong, but would long eurchf be a valid trade right now, since it is moving up as a buy?

cg
TRADE FOR SWAP
  • #856
  • Sep 29, 2008 3:17am Sep 29, 2008 3:17am
I Close 1 ibfx trade the live one.. Net profit 1,124 pips for the record.
  • #857
  • Sep 29, 2008 3:24am Sep 29, 2008 3:24am
Quoting cgldsmth
hello all, new to this thread and have spent the last 5 hours reading through it, now somewhat dazed.

The logic is the most beautiful of any system I have seen.

So correct me if I'm wrong, but would long eurchf be a valid trade right now, since it is moving up as a buy?

cg
SeLL all 14 currency. and read again
  • #858
  • Sep 29, 2008 3:52am Sep 29, 2008 3:52am
well I see buys moving up, so doesn't that mean go long all pairs???
TRADE FOR SWAP
  • #859
  • Sep 29, 2008 4:04am Sep 29, 2008 4:04am
Guys I know this is offtopic but i've been following this thread with great interest yet Im still having problems closing all trades. I've tested a number of scripts now and all give me the same error. Please see screen shot. I've been trying to fix this for 4 days with no luck Thanks for help
Attached Image (click to enlarge)
Click to Enlarge Name: error.jpg Size: 257 KB
  • #860
  • Sep 29, 2008 4:07am Sep 29, 2008 4:07am
Error #4109:
http://forum.mql4.com/8061
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