Simple Trading Method with trader101 | Page 79 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

trader101 method based trades 12 replies

Trader101 Method Back Testing Tool Q+A 16 replies

Setting up the Basics for Trader101 style trading. 28 replies

Attachments: Simple Trading Method with trader101
Exit Attachments

Simple Trading Method with trader101

  • #1,561
  • Oct 2, 2008 5:07pm Oct 2, 2008 5:07pm
Quoting icicle
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.
Very well you have explain, Young Icicle. Star wars, theme you have selected. Questions, i dont have....

Suggestions, just one. The 2 lots after the 1 lot trade is being eliminate for the moment as this complicate the Basket Theory. I am trying to make it as simple as possible that some of the extras when i am trading is being eliminated, those that will not affect the simplicity and profitability of the method. The rest of it especially the jumping pairs i got lost reading it, Am i that bad to explain. Wow now i can sympathize those who hava a hard time grasping it. But I am not psoting the question I will reread again. Again thanks Icicle. The pip is stronger with you..
Peaceout
Julius
  • #1,562
  • Oct 2, 2008 5:07pm Oct 2, 2008 5:07pm
Quoting Qui-Gon
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
Yes, keep going Andy.

I have two instances of Godzilla's simulator running - one basket at just over +1300, second at just over +1200.

I have a demo basket running at just over +700.

Down to the real meat. I have a live eu sell running at just under +100. That is impressive enough, but it adds to several trades taken earlier in the week. All I have done is take the fact that eu sells have been top of the IA all week and added this to my fav s&r fib levels to trigger trades, set tp's etc.

Next week, I am looking forward to unleashing the full power of basket trading on my live account.

Or, I might stick to demo trading and carry on learning. I will see how I feel.

Either way, I have enjoyed myself this week. Join in the fun and your will enjoy yourself as well.

  • #1,563
  • Oct 2, 2008 5:25pm Oct 2, 2008 5:25pm
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!
I agree with Hermes. Could you please add these timeframes.

Kind regards,

George
  • #1,564
  • Oct 2, 2008 5:31pm Oct 2, 2008 5:31pm
Quoting Qui-Gon
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
Hello Andy,
Nice to see you again here, hows your clinic??
I know you have bee following my previous thread before and if you remember i was mentioning the "Mother of ALL" EA i was developing?
http://www.forexfactory.com/showthre...14595&page=213
That EA was to be design for these theory that a lot of you guys, are urging me to reveal so you can use it to trade. I abandon that idea of making the EA because there is no way that an EA can replace the decision making part of this theory. I just ended up making the utility eas and scripts, which after i share here a lot of brilliant minds came forward like TC and Orest developing something unprecedented. I was recruiting some programmer before but nobdy seems interested that this is all baloney. Now Andy here it is. Isnt it a lot of those following the thread thought it is impossible to make 1000 pips a week? we prove them wrong, now we can even make 10,000 pips becaseu of the basket trading, i know it is a high leverage but it is a high percentage hit as well. The next phase of this method may even amazed all that have been trading all thier life if we can make 20,000 pips a week. Just hang on and in time we will be there. Whew... stick with me guys and you will see more amazing feat by this method. I suggest you read that journal. We have make a lot of record already there.
Julius
  • #1,565
  • Oct 2, 2008 5:33pm Oct 2, 2008 5:33pm
Quoting comdoc
I agree with Hermes. Could you please add these timeframes.

Kind regards,

George
No there is no profittability in there. that is in complete contradiction to the minimum settling period that is required by the basic of this theory, unless you have another theory in mind.
  • #1,566
  • Oct 2, 2008 5:44pm Oct 2, 2008 5:44pm
Quoting trader101
No there is no profittability in there. that is in complete contradiction to the minimum settling period that is required by the basic of this theory, unless you have another theory in mind.
Ok. What is then the minimum settling period? 1 hour?
  • #1,567
  • Oct 2, 2008 5:46pm Oct 2, 2008 5:46pm
T101, in simplicity term, can i say that for 14 pairs trade, we only need to focus on the movement of top 4 and btm 4 ?
  • #1,568
  • Oct 2, 2008 5:57pm Oct 2, 2008 5:57pm
Quoting Hermes69
Ok. What is then the minimum settling period? 1 hour?
Read post #1 and stop asking this kind of question you have been here for a long time you should know this one.
  • #1,569
  • Oct 2, 2008 5:57pm Oct 2, 2008 5:57pm
Quoting trader101
Maybe I could not a bear to see this thread die like that. This a great system that should be conveyed otherwise it will die to. Now if we can all just behave and listen and i think we can learn more than talking nonsense.
First thing first, i think we should agree on something first.
1) this method is manual.. again manual.. Indicator is fine but the trading is manual. If some of you do not like doing it manual you are free to go.
2) i dont want to see any EA being made out of this system and posted here for showing-off. Indicators are welcome.
3) No more mt4 operational questions ex. "where am i going to put the script file?, How do i install this on the chart, or Im a newbie but i like your system please recapitulate the system." Also if you dont understand English dont ask me to translate if for you.
4) Someday somebody will make an FAQ of this sytem. I need volunteer. for that.
5) Lastly, website owner/web administot, forex system stealers, programmer for hire, if your agenda is to steal aor herd traffic tell me now in PM so i can charge you, programmers for hire, i cant prevent you. Just make sure to give me a credit on this one on your program and you have to give us a commission for stealing ideas here.
I hope we agree on this one then we can always continue.
Julius
If your don't mind I can help setup a T101 website and place all the EA, FAQ or etc inside
  • #1,570
  • Oct 2, 2008 6:04pm Oct 2, 2008 6:04pm
great screen snap shots it made so much differnce to see your logic and i thik next time we talk onour live trading site , i think i can discuss multi index with dollar index for confirmation as well maybe but i welcome your imput .

my profic calc has a few bugs i think its something i did wrong after computer problems ,

i think we are getting close to isolating the right choice using your method
you great screen shot showed how valuable your great idea is ,

the expanding of brians group index later to include all your currencys
will visualy with the overlay of the dollar index will also help in the understanding for some traders i think

ps the multi index then would be renames as 101 index with the overlay of the dollar index. after all is your idea

wow i havnt spent enough time on your system just modifying your great ideas but after my live trading room which you honered me with your presence these 2 snapshots clarified every thing

so if bull in the china shop with indicaters can stop clogging up your thread
now , i look forwood to input here and our next live trading room experience especially you as a host next time

what can i say when words are not enough i wish forex factory would sponser a live trading room as well as me . a live sesion is even better than a video

wasnt the days of the old traiding rooms great live traders sharing great methods without scrolling through the hundreds of pages cloged up trying to sort out the wheet from the hay

the changing way we cominicate may see eventualy great sites like the forex factory include these as part of their system as i believe firmly this is the way of the future its easy its fast to share knowledge

seeing is better than 1000 words your last 2 screen snap shots said more than 1000 pages

dont let the averys the code munches trend chasers kylies the darth vaders ect clutter up your ideas

after all yagoda had luke skywalker hes with us

great work from Brian
  • #1,571
  • Oct 2, 2008 6:05pm Oct 2, 2008 6:05pm
Quoting trader101
Read post #1 and stop asking this kind of question you have been here for a long time you should know this one.
Sorry for this, Julius. But in the post #1 you only quote that the IA should be set up and then wait for it to settle one day or two. There is no mention to a temporary range for trading!
  • #1,572
  • Edited 7:10pm Oct 2, 2008 6:20pm | Edited 7:10pm
Quoting Orest
As I see it today's update is a preparation for T101's method#2, but I hope it still will be useful for current method. If you think it complicates the method just don't use it - that simple, isn't it?

Now you have an ability to see where the pair come from. Basically from which slot it jumped to current slot. This way you could follow the movement and hopefully make the right desicion. Each pair now has correspondent property whether to show it's movement or not. Defaults are falses. Maybe you'll see some new horizons, who knows.

Orest
Quick question: So version 11 is for IBFX? I noticed CADJPY for BUY_PAIR_6 but no where else in the code is CADJPY and IBFX doesn't use CADJPY, so do I just change all the currencies when I add it to my chart to the IBFX sets? and do I need to add the "m"?

EDIT: It's ok, I changed the currencies and it is working, just wish I knew how to read the damn thing
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,573
  • Oct 2, 2008 6:21pm Oct 2, 2008 6:21pm
Quoting smjones
KEEP IT HERE at FF no new website. Just use a new thread
if only you could delete what you regardas rubish including non relevent subject,to keep your pure system on display in other words in the beginnig
reversing all these non esential posting to the end

wow then your idea would be pure not corrupted by the nonsense
i should have done the same but i didnt know how

maybe one member could help who understands howto do this

best wishes always ready to help

from BRIAN
  • #1,574
  • Oct 2, 2008 6:26pm Oct 2, 2008 6:26pm
Quoting Hermes69
Sorry for this, Julius. But in the post #1 you only quote that the IA should be set up and then wait for it to settle one day or two. There is no mention to a temporary range for trading!
Yea thats a day or two did i say 1 hour?
  • #1,575
  • Oct 2, 2008 6:53pm Oct 2, 2008 6:53pm
Thankyou Julius for being so generous to share this amazing approach to trading forex. I dont pretend to fully understand the system as I am still reading all of the posts but I will get there.

for now, I am using Orests indicator and when the signal for day, 4h and 1h signal short i am shorting all pairs and using the 2ProtectAccount EA to lock in the profits. attached is my chart, so far today I am buying all pairs and am up 160 pips in the last hour.

Hopefully i am not too far away from what I SHOULD be doing.

Thanks again!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: graph.gif Size: 75 KB
  • #1,576
  • Edited 7:13pm Oct 2, 2008 6:58pm | Edited 7:13pm
101 here is a 2 scereen snap shot showing 8 multi currencys position a gaist the dollar index (could be modified to 14 currencys )later in this screen aid you can identify each currency by there colours and the spacing on the dollar index

for viual confirmation of the trend and with also the individual currency index agaist the dollar , for new commers including me it may offer visual help to appreciate and confirm what your profit cal is saying

in other words for me it is just a visual double check, i know for many that have a good understanding it doesnt mater

but till i learn its a great aid for me , your last 2 scren snap shots and my i index indicaters confirmed every thing for me

thank you from brian
Attached File(s)
File Type: zip 101S SYSTEM USING VISUAL AIDS.zip   404 KB | 3,598 downloads
  • #1,577
  • Oct 2, 2008 7:17pm Oct 2, 2008 7:17pm
Hello all...the following to me looks like a good 14 straight Long setup...true?

(see attachment)
Attached Image (click to enlarge)
Click to Enlarge Name: LongTrade14.JPG Size: 277 KB
  • #1,578
  • Oct 2, 2008 9:10pm Oct 2, 2008 9:10pm
Quoting trader101
Hello Andy,
Nice to see you again here, hows your clinic??
I know you have bee following my previous thread before and if you remember i was mentioning the "Mother of ALL" EA i was developing?
http://www.forexfactory.com/showthre...14595&page=213
That EA was to be design for these theory that a lot of you guys, are urging me to reveal so you can use it to trade. I abandon that idea of making the EA because there is no way that an EA can replace the decision making part of this theory. I just ended up making the utility eas and scripts, which after i share here a lot of brilliant minds came forward like TC and Orest developing something unprecedented. I was recruiting some programmer before but nobdy seems interested that this is all baloney. Now Andy here it is. Isnt it a lot of those following the thread thought it is impossible to make 1000 pips a week? we prove them wrong, now we can even make 10,000 pips becaseu of the basket trading, i know it is a high leverage but it is a high percentage hit as well. The next phase of this method may even amazed all that have been trading all thier life if we can make 20,000 pips a week. Just hang on and in time we will be there. Whew... stick with me guys and you will see more amazing feat by this method. I suggest you read that journal. We have make a lot of record already there.
Julius

Oh yes, I remember you talking about the mother of all EAs in the other thread, and how you thought it could produce 4000 pips profit a week. Doing it manually this week you made more than twice that. That was back in the days when you were calling your trades and they weren't all in the same direction, and you still made a good profit.
  • #1,579
  • Oct 2, 2008 9:13pm Oct 2, 2008 9:13pm
Brijon,

could you stop doing this? Should I say please? It's so obviouse that you trying to promote your site which I suppose not very visited right now.
You want an attention? There is very simple way to draw attention here at FF. Just open your own thread.

Orest


Quoting brijon
101 here is a 2 scereen snap shot showing 8 multi currencys position a gaist the dollar index (could be modified to 14 currencys )later in this screen aid you can identify each currency by there colours and the spacing on the dollar index

for viual confirmation of the trend and with also the individual currency index agaist the dollar , for new commers including me it may offer visual help to appreciate and confirm what your profit cal is saying

in other words for me it is just a visual double check, i know for many that have a good understanding it doesnt mater

but till i learn its a great aid for me , your last 2 scren snap shots and my i index indicaters confirmed every thing for me

thank you from brian
  • #1,580
  • Edited 10:30pm Oct 2, 2008 10:04pm | Edited 10:30pm
Orest, for the indicator you made, will it be better if

(1) currency current position number is written on the left side so that we don't have to mentally count where is number 12 or number 4 ect.

(2) Remove last hour (Too fast movement and not very useful ?) and add last 3 weeks (More useful information than having last hour ?)

By the way, nice set up here ? Short term long looks good, this week anchor points has moved. Your indicator is really helping us. Thnx
Attached Image
0 traders viewing now