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Simple Trading Method with trader101

  • #1,541
  • Oct 2, 2008 4:03pm Oct 2, 2008 4:03pm
Quoting FOREXflash
Trader101 vs newbie
http://www.youtube.com/watch?v=LADc5DtT7tM

  • #1,542
  • Oct 2, 2008 4:12pm Oct 2, 2008 4:12pm
Orest, your indicator is just great. However, after testing it, I have found that the lag is too high when you trade intraday in a very short time range.

If you could add the 1 min, 5 min, 15 min and 30 min range it would be just perfect!
  • #1,543
  • Oct 2, 2008 4:23pm Oct 2, 2008 4:23pm
I could remove Month and 2 weeks columns since there no room and add 30min and 15 min. Below that is just pure price rambling I hope you agree.

If we have Julius's okay on that I could do that. Or we still still need Month for longer trend definition. I'm not sure....



Quoting Hermes69
Orest, your indicator is just great. However, after testing it, I have found that the lag is too high when you trade intraday in a very short time range.

If you could add the 1 min, 5 min, 15 min and 30 min range it would be just perfect!
  • #1,544
  • Oct 2, 2008 4:34pm Oct 2, 2008 4:34pm
pls i sent a PM to you pls respond as appropriate thank you.
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #1,545
  • Oct 2, 2008 4:37pm Oct 2, 2008 4:37pm
Quoting Orest
I could remove Month and 2 weeks columns since there no room and add 30min and 15 min. Below that is just pure price rambling I hope you agree.

If we have Julius's okay on that I could do that. Or we still still need Month for longer trend definition. I'm not sure....
I'd love it. Yes, if you can code a version with these settings, I could try it and let you know whether it is more efficient than the others. I am sure it will be more helpful!
  • #1,546
  • Oct 2, 2008 4:48pm Oct 2, 2008 4:48pm
Quoting Orest
Hey, folks....
Sorry I'm totally confused. Just downloaded FxPro platform. Are you complaning that you see 300 pips in profit instead of 30 on IBFX or what?
You do reailize that FxPro and others just have 4 digits after decimal point for currencies rates instead of 3, right? Your pip price different too, so amount of $$$ is the same, but not number of pips.

Dee, you seem know what you are not happy about. Please send me PM with very detailed explanation. I'm afraid to ask T101, he almost kicked me out from yesterday's conference call.

Sorry to those who sent me PMs w/o responce. I'm just trying to finish this sucker.

Orest
Concerning your last version, do you count the position where the pairs come from the top or the bottom?

I.e. I have now AU in the last hour in the top position with number 3 beside. Does it come from number 3 from the bottom or from the top?
  • #1,547
  • Oct 2, 2008 4:51pm Oct 2, 2008 4:51pm
Trader101- Julius,

Thank you very much for your system and sharing it for the world to see.

Many people have commented what different an approach this is. I must say I like it alot, it's very clever in a simplistic sort of way. Somewhat difficult to get your head around at first. [you have to pull your head outside the box it's in first...lol]

Especially so if you don't know how to read or too lazy. LOL.

I didn't actually read the whole thread... just page 1 to 60 and I pretty much got it for the most part.

Anyway I just wanted to say I appreciate your efforts and that you're very noble and giving in your efforts.

It seems every few years or so a new novel way of extracting money from the forex evolves. All it takes is one person to "think out side the box."

For all the quiet people viewing these pages, who rarely post for obvious reasons. I just wanted you to know we appreciate your tireless efforts, Julius.

~pip_seeker
  • #1,548
  • Oct 2, 2008 5:26pm Oct 2, 2008 5:26pm
Quote
http://www.forexfactory.com/images/icons/icon1.gif CAD/JPY
Anybody else using Oanda notice that they took this pair away? I use Oanda to follow this system and this pair is completely gone now and has screwed up my numbers.
I just logged into my Oanda Trade and Game and I'm still showing the C/J pair. One thing I have noticed as of late is some lousy spreads on many pairs at Oanda in comparison to what they usually are.
  • #1,549
  • Oct 2, 2008 5:38pm Oct 2, 2008 5:38pm
Quoting trader101
Im been playing this method for about 3 months now and the return is quite good. This is a very simple method and it is all base on price action, indicator free trading and it is done manually.

First you have to open a demo account and make sure that the broker you choose have the ff. pairs (must have) in their platform:

1. GBPUSD
2. EURGBP
3. GBPCHF
4. CHFJPY
5. AUDJPY
6. EURJPY
7. USDCHF

8. CADJPY
9. AUDUSD
10. USDJPY
11. EURUSD
12. EURCHF
13. GBPJPY
14 USDCAD

The top seven pairs is set 1 and the bottom is set 2. These pairs will hedge each other. Fresh start this method at the very beginning of the week, this will give you a good look at the pairs as weeks goes on. Set 1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much as possible run a script (attached) so as to maintain correct timing in opening them. Click twice the profit column of your terminal so as to make the positive profit pairs stay at the top and the negatives stay at the bottom or vice versa. Initially the order of this pairs is a mess, let it run for a day or two and you will notice the pairs will start to make a proper order. All the buys will stay at the bottom and all the sells will occupy the top or vice versa. It like putting to rest the dirty bottled water and it will start to settle down after a certain period and all the dirt to the bottom and the clearer water at the top.

About a day or two, all the buys (if negatives) will stay below and the sell (if positives) will be at the top. Now the indication that you should watch is, ideally the bottom 7 slots should be occupied by the negatives, the first pair in the negative that crosses the boundary of positive and negatives is the pairs we are concern. If one of the negative jump to slot 8 (counting from bottom) there is also a corresponding positive that will jump to slot 7. This is the signal. We will trade those two pairs that jump out of boundary.

You should have another account where you real trading will be executed. You will trade the two pairs that jump out. If the pair that jump up is Long then trade the two breakaway pairs LONG or vice versa. I also trade the next two pairs that jump of the boundary. I limit myself to just 4 pairs being traded at one time. The profit is up to you, what I do is when the pair i'm trading retreats 2 slots then I close it.

Remember do not touch your demo account as this will serve as your indicator and keep it running all the time and just check it once in while for any jumper pair and then trade them.

On the attached terminal copy, you can see the breakaway pair USDCAD that was a few hours ago and i traded it and make some pips on it. Consequently the other pair GBPUSD also jump 1 slot down and can also be trade Long as well.

I hope i explain it well. Good Luck trading,
Trader101

Note:
I have abandoned this thread on Sept. 30, 2 weeks from it starting date for the reason that it becomes so disorderly and confusing that readers fail to conduct themselves in an orderly fashion. Also it is becoming so popular that a lot of paid forum/website owners/forex forum administrators injecting ways to herd traffic to their website. In short, the objective of this thread that is to educate the new concept of trading forex was overshadowed by some member’s personal agenda. Consequently, my regular take as a trader dropped significantly as I miss my regular trading because I was too busy answering repetitive and annoying questions from everyday newcomers who are lazy to read.

Anyways I was able to convey here the 1st part of a 3 parts method called “The Basket Trading Strategy” or the “T101 system”. Perhaps when time comes that order will resume in the thread I will come back to continue the other 2 parts. To those who will benefit this method, my only request is to GIVE CREDIT TO WHERE CREDIT IS DUE this is given unselfishly free. Trader101 – Julius F.
I TRIED USING THE SYSTEM OUTLINED ABOVE BUT COULD NOT FIGURE IT OUT AS I DO NOT HAVE ENOUGH TIME TO STUDY IT. BUT I PLACED THE EA IN MY META TRADER AND ALLOWED IT TO RUN TRYING TO FIGURE OUT SOMETHINGS. TO MY AMAZEMENT, I DISCOVERED TWO THINGS: (1) I DISCOVERED THAT AS I LEFT THE EA TO RUN, IT OPENED THE TRADES ITS SUPPOSED TO OPEN. I LEFT THE TRADES UNHINDERED AND GUESS WHAT AM ON THE PROFIT SIDE! (2) WITH THE EA STILL RUNNING, I CAN KNOW WHEN TRENDS HAS CHANGED IN THE CCYS THE EA IS TRADING. HOW? ASSUMING A CCY IS IN THE NEGATIVE SIDE, AND FOR TWO DAYS RUNNING, THE NEGATIVE IS DECREASING OR WITHIN CERTAIN RANGE, THIS CAN MEAN TWO THINGS. ITS EITHER THE TREND HAS ENDED OR WE ARE IN A RANGING MARKET. AND VICE VERSA FOR POSITIVE TRADES. I THINK WITH LITTLE IMPROVEMENT ON THIS SYSTEM (T101 system), WE CAN BECOME SUCCESSFUL TRADERS IN THE LONG RUN IN THIS BIZ.
  • #1,550
  • Oct 2, 2008 5:38pm Oct 2, 2008 5:38pm
Pairs are numered per classic IA setup. Number 1 is the toppest and number 14 at the very bottom.

Do you see red/green arrows next to the number (have you ever been in elevator )? They show where the pair came from. Red arrow means from the top, green arrow means from the bottom


Quoting Hermes69
Concerning your last version, do you count the position where the pairs come from the top or the bottom?

I.e. I have now AU in the last hour in the top position with number 3 beside. Does it come from number 3 from the bottom or from the top?
  • #1,551
  • Oct 2, 2008 5:39pm Oct 2, 2008 5:39pm
You are all acquitted now... LOL
I have now equal my last month take and my trade is still running.

Ok Trade Status time
Ist account +1706 pips attached
2nd account +772 pips (not attached)
===================
Total +2478
Add +4977 (post#999 p 67)Mondays winnings
=====================

Total for the week == 7455 pips and counting

======================
Attached Image (click to enlarge)
Click to Enlarge Name: 9trade.GIF Size: 110 KB
  • #1,552
  • Oct 2, 2008 5:48pm Oct 2, 2008 5:48pm

Price No transactions Summary:Deposit/Withdrawal:0.00Credit Facility:0.00 Closed Trade P/L: 3 577.24
Floating P/L:0.00Margin:0.00Balance:4 998 939.65Equity:4 998 939.65Free Margin:4 998 939.65







Now tell me Julius is not a Jedi Master!
  • #1,553
  • Oct 2, 2008 5:49pm Oct 2, 2008 5:49pm
Quoting Jimbop

Price No transactions Summary:Deposit/Withdrawal:0.00Credit Facility:0.00 Closed Trade P/L: 3 577.24



Floating P/L:0.00Margin:0.00Balance:4 998 939.65Equity:4 998 939.65Free Margin:4 998 939.65







Now tell me Julius is not a Jedi Master!
are you using your 2nd formula of 4 hours?? for this???
  • #1,554
  • Oct 2, 2008 5:54pm Oct 2, 2008 5:54pm
Quoting trader101
are you using your 2nd formula of 4 hours?? for this???
What is exactly the 2nd formula of 4 hours? Could you explain it better? Thanks!
  • #1,555
  • Oct 2, 2008 6:01pm Oct 2, 2008 6:01pm
Quoting Hermes69
What is exactly the 2nd formula of 4 hours? Could you explain it better? Thanks!
Private joke .. None of your concern
  • #1,556
  • Oct 2, 2008 6:15pm Oct 2, 2008 6:15pm
Still using one hour charts
  • #1,557
  • Oct 2, 2008 6:22pm Oct 2, 2008 6:22pm
Jimbop, Are you trading pairs or the 14 straight?
  • #1,558
  • Oct 2, 2008 6:31pm Oct 2, 2008 6:31pm
What page and post # has the most updated versions of this system?
  • #1,559
  • Edited 6:36pm Oct 2, 2008 6:34pm | Edited 6:36pm
I have adapted the attached file from a previous file posted here. Sadly the pics didn't make it.


It is an explanation of the method with disambiguated language, unnecessary negatives removed (so the method can be remembered more easily) and in standard English. If there are any errors, feel free to correct them.

I know I strugged to understand things like "number 8 slot from the bottom" etc. when the context would suggest it was meant to be from the top, it must be harder for none-native speakers, so I wrote it as I would write. It should help newbies.

Thanks for a great system Trader101! My account is up 4% in 24 hours, and I was being cautious.
Attached File(s)
File Type: doc T101 rules made easy.doc   8 KB | 3,402 downloads
  • #1,560
  • Oct 2, 2008 6:53pm Oct 2, 2008 6:53pm
Nice word doc Icicle - thanks helped me understand.

Much respect and gratitude to you Julius/T101. I had become discouraged with forex but because of you sharing your method I have new hope. I almost can not believe that such positive pips could be made as people seem to be making with your technique. May your life be blessed for your kindness to others.

Best regards,

Andy
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