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Simple Trading Method with trader101

  • #1,581
  • Oct 3, 2008 1:24am Oct 3, 2008 1:24am
Orest,
Thanks for adding the suggested cues for pair movement. It should help a lot with tracking set ups for trades.

Which demo platform are you using, still IBFX? On Alpari the arrows you mention don't show, only letters r and s? Also why are only #1-13 displayed? It seems there are double numbers ( 2, 12s etc.) but don't see number 14 which would be one of the anchor pairs.

Last from double checking post #1 and the later post it seems you're using a third and new list of 14 pairs in your latest indicator. Whats your intention in this? A new strategy?

I can adjust the code to create default setups but was curious on your change. Thanks. Don't take this as negative criticism just R&D feedback which I'm guessing you hope for. All to the end goal of trading the basic Yoda strategy.....

Thanks again.


Quoting Orest
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
  • #1,582
  • Oct 3, 2008 1:30am Oct 3, 2008 1:30am
Hi T101, In Orest's indicator (This week), when USDCHF or another buy get to the top Anchor(#1) and GBPCHF or another sell get to the bottom anchor(#14), will it be the safest long for 14 pairs? T101, please correct me, I want to make sure that I get it right. Thank you.

ps. Orest, thank you for your great indicator
Attached Image (click to enlarge)
Click to Enlarge Name: t101.gif Size: 21 KB
  • #1,583
  • Oct 3, 2008 1:44am Oct 3, 2008 1:44am
Quoting trader101
I guess some of those wit me last night on MSN are making the same pips on jumping slots method because this trade was traded while we are having a discussion. The discussion notes, i am requesting Luke (hndman) to do some editing and then post it here. If no response tell night, I will post i there unedited it will be long becasue of my stupid mistakes of not knowing to do the invite but we manage.
Julius
Thanks
Jim
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #1,584
  • Oct 3, 2008 1:59am Oct 3, 2008 1:59am
Quoting Jack2000
Hi T101, In Orest's indicator (This week), when USDCHF or another buy get to the top Anchor(#1) and GBPCHF or another sell get to the bottom anchor(#14), will it be the safest long for 14 pairs? T101, please correct me, I want to make sure that I get it right. Thank you.

ps. Orest, thank you for your great indicator

If Buys are on bottom and one reaches the top anchor position - go 14 Long
If Buys are on top and one reaches the bottom anchor position - go 14 Short

If Sells are on bottom and one reaches the top anchor position - go 14 Short
If Sells are on the top and one reaches the bottom anchor position - go 14 Long


In fact, when you are trading all buys you can either wait till the last BUY has left its own Anchor position or the first buy is occupying the opposite Anchor. When you are trading all sells you can either wait till the last sell has left its own Anchor position or the first sell is occupying the opposite Anchor.
  • #1,585
  • Oct 3, 2008 2:00am Oct 3, 2008 2:00am
why this default basket in the indicator, if this basket is not the IBFX neither non IBFX?
  • #1,586
  • Oct 3, 2008 2:05am Oct 3, 2008 2:05am
Quoting smjones
If Buys are on bottom and one reaches the top anchor position - go 14 Long
If Buys are on top and one reaches the bottom anchor position - go 14 Short

If Sells are on bottom and one reaches the top anchor position - go 14 Short
If Sells are on the top and one reaches the bottom anchor position - go 14 Long


In fact, when you are trading all buys you can either wait till the last BUY has left its own Anchor position or the first buy is occupying the opposite Anchor. When you are trading all sells you can either wait till the last sell has left its own Anchor position or the first sell is occupying the opposite Anchor.
but are you using last hour relative to this day or last hour relative to this week or what?

thanks for all your help in this thread, please keep doing this or people like me will have a stroke.
  • #1,587
  • Oct 3, 2008 2:07am Oct 3, 2008 2:07am
Quoting smjones
If Buys are on bottom and one reaches the top anchor position - go 14 Long
If Buys are on top and one reaches the bottom anchor position - go 14 Short

If Sells are on bottom and one reaches the top anchor position - go 14 Short
If Sells are on the top and one reaches the bottom anchor position - go 14 Long


In fact, when you are trading all buys you can either wait till the last BUY has left its own Anchor position or the first buy is occupying the opposite Anchor. When you are trading all sells you can either wait till the last sell has left its own Anchor position or the first sell is occupying the opposite Anchor.
Thank you smjones, so it is not safe yet to go long now, is it? I should wait until USDCHF get to the toppest and then it is safe to go long 14 pairs, is it right?
  • #1,588
  • Edited 2:22am Oct 3, 2008 2:09am | Edited 2:22am
Thanks 101, this way of trading is something I've thought of many years before but never have I practiced it and put into use until now. So, a big thank you for pointing out the factors that I have not seen before.

I have tried this way of trading for the past few nights. All this watching and waiting for the jump and so forth is gets very confusing. I have come up with a better solution see if this makes any sense.

From watching the 12 pairs I can isolate which currency is being strong and which is being weak. Then I would only trade that one pair until I get to a profit that I want to exit. Of course you can trade the next strongest pairs too.

Here's an example: this order that I list is from most profit to least profit listed from top to bottom


USD/CAD Buy
EURO/CHF Sell
AUD/USD Sell
CHF/JPY Sell
USD/JPY Sell
USD/CHF Buy
GBP/USD Buy
GBP/CHF Sell
EUR/USD Buy
ADU/JPY Buy
EUR/CAD Sell
EUR/JPY Buy

as you can see, the USD is strong, followed by Euro,CHF,JPY and GBP is the weakest.

USD 3
EURO 2
CHF 2
JPY 2
GBP 1

set up a trade : Sell GBP/USD
BUY USD/CHF

Hope this is clear for people to understand.

Please comment and suggestions

Thanks
  • #1,589
  • Edited 4:20am Oct 3, 2008 3:20am | Edited 4:20am
I think I broke a record.....around 12.000 pips this week!
Im doing this......
At the start of this week I started a sell basket and let it run for a few hours.
Than I evaluate pairs every few hours on IA(Im having a 2week old ia, 1 week ia, and Im also runing new ia every day), After evaluation of pairs I compare that to traded basket, and accordingly to that I close "lossing" trades, and add more lots to
winning(strong) pairs. I dont do the single pairs trades, Im more like adding
to that pairs. Also at the end of a week my basket can have a buy and sells in it!
Minus of this type of trading is that it needs to be babysited.
forexflash
  • #1,590
  • Oct 3, 2008 3:46am Oct 3, 2008 3:46am
Quoting FOREXflash
I think I broke a record.....around 12.000 pips this week!
Im doing this......
At the start of this week I started a sell basket and let it run for a few hours.
Than I evaluate pairs every few hours on IA(Im having a 2week old ia, 1 week ia, and Im also runing new ia every day), After evaluation of pairs I compare that to traded basket, and accordingly to that I close "lossing" trades, and add more lots to
winning(strong) pairs. I dont do the single pairs trades, Im more like adding
to that pairs. Also at the end of a wek my basket can have a buy and sells in it!
Minus of this type of trading is that it needs to be babysited.
And, When you close the winer trades?. Thanks.
  • #1,591
  • Oct 3, 2008 3:47am Oct 3, 2008 3:47am
When IAs show the strong reverse of the pair...I watch every pair movement, and
add or remove from the basket.
forexflash
  • #1,592
  • Edited 4:06am Oct 3, 2008 3:47am | Edited 4:06am
Here is Orest's brilliant indi set up to work instantly on our IBFX mini accounts.

Attached File(s)
File Type: mq4 T101_v1.11_orest_IBFXm.mq4   30 KB | 2,161 downloads
  • #1,593
  • Oct 3, 2008 4:01am Oct 3, 2008 4:01am
Quoting SteveHopwood
Here is Orest's brilliant indi set up to work instantly on our IBFX mini accounts.

Hi SteveHopwood,
Great work, i have just done one too but you beat me to posting it, anyway can i suggest that you put IBFXm on the end of the modified indicator. This would then not confuse some of the members in this thread.
JTH
  • #1,594
  • Oct 3, 2008 4:06am Oct 3, 2008 4:06am
Quoting jth
Hi SteveHopwood,
Great work, i have just done one too but you beat me to posting it, anyway can i suggest that you put IBFXm on the end of the modified indicator. This would then not confuse some of the members in this thread.
JTH
Good idea. Done and the post edited.

  • #1,595
  • Edited 7:55am Oct 3, 2008 4:55am | Edited 7:55am
Quoting trader101
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

Tempted I was, make whole document in Yodish I want, hmm?

I thought, better not.

Thank you for your kind words! If you would like anything else done, PM me. I very much liked writing that as by the end of it I finally understood the method.

Here is the new version with your requested changes..
Attached File(s)
File Type: txt T101 rules made easy v2.txt   8 KB | 3,424 downloads
  • #1,596
  • Oct 3, 2008 5:02am Oct 3, 2008 5:02am
Quoting SteveHopwood
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.

Thanks for this Steve. Going to go thru thread next week and give it a shot when time permits. Best of luck to you sir!
  • #1,597
  • Oct 3, 2008 5:06am Oct 3, 2008 5:06am
Hey TC.... good work with the indicator... would be too much trouble to have an alarm or a beep everytime the trend changes on any of the time frames...

Cheers
Fx-seer
  • #1,598
  • Oct 3, 2008 5:08am Oct 3, 2008 5:08am
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
Hey Julius The clinic never worked out. I just moved upstate north of Syracuse and am the chiropractor at a US army base - supporting the troops and all.

You are right about the EA. It had fantastic weeks to be sure, but really this must be done manually it seems. Anyway, keep up the good work here. Your forex skills are very impressive and are only matched by your generousity! May the Force be with you

Andy
  • #1,599
  • Edited 7:17am Oct 3, 2008 5:22am | Edited 7:17am
Today I have a call from Darth Vader.....
He is not happy about this method!
forexflash
  • #1,600
  • Oct 3, 2008 6:54am Oct 3, 2008 6:54am
Quoting SteveHopwood
I have been doing a bit of coding.

Attached are the IBFX mini account trade sending scripts with some error trapping.

At the end of its run, the script shows a message with the number of basket trades opened that have the same magic number.

If that number is less than 14, simply drag the script onto a chart until the number finally reads 14 - it does not send duplicate trades because it checks to see if they exist before sending a trade.

I can easily do the same to the non-IBFX scripts if anyone wants me to.

Steve..
Thanks for your contribution especially the part that it check the status of trade sending, that helps the trader. Take note the we are not implementing the optimization at the moment. I suggest you withdraw this scripts for now until we enter the 2nd phase of the this method, this is to avoid any confusion.
Julius
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