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Simple Trading Method with trader101

  • #1,661
  • Oct 3, 2008 12:06pm Oct 3, 2008 12:06pm
Quoting BenQ
Well, I was involved with this thread heavily in the first 20 pages, took a few days vacation and came back to over 100 pages and loads of scripts and indis. Trying to catch up on everything. I see some of the great coders have joined the thread -- thank you.

Can someone correct me on a couple points:

It looks like the original indicator account idea has morphed into Orest's indicator? (great job, by the way)

Is the signal to buy all or sell all now when all TFs indicate buy or sell, or the majority or what? Thanks
Yes to the first
and a resisting NO to the second and will always be NO.
Julius
  • #1,662
  • Oct 3, 2008 12:08pm Oct 3, 2008 12:08pm
Quoting Orest

@Leomeister. I caught you! How dare you not to Use MS Office? The thing is I use Wingdings 3 font which is included in MS Office. Probably
has to change to something more common. Thanks for pointing out. BTW, my screen shows jumps from slot#14. Should be no problem.
About pairs: I took them from the Hedge script, is there something wrong?

Orest
Guilty as charged!! Actually I'm running the demo accounts on a VPS desktop which has a limited number of basic applications and no MS Word. I checked in Notepad and it shows the list of basic OS font files is trimmed down to only include Webdings and Wingdings. Webdings #5 and #6 are up/down arrow icons that would work.

I think the several different sets of hedged pairs listed in the thread, and scripts/indicators, probably creates some confusion in our group discussion and comparison of results......

The 'TradeHedge' script lists the following pairs:
Buy PAIRS set
USDJPY
EURUSD
EURCHF
GBPJPY
USDCAD
CADJPY
AUDUSD

Sell PAIRS set
EURJPY
GBPUSD
EURGBP
GBPCHF
CHFJPY
USDCHF
AUDJPY

This seems different than the listed IBFX pairs:
IBFX Buy Pairs set
1) GBPUSD
2) EURGBP
3) GBPJPY
4) USDCHF
5) NZDUSD
6) AUDJPY
7) EURJPY
IBFX Sell Pairs set
8) EURUSD
9) USDJPY
10) AUDUSD
11) NZDJPY
12) GBPCHF
13) CHFJPY
14) EURCHF

or the thread listed non-IBFX pairs:
Non-IBFX Buy Pairs set
1. GBPUSD
2. EURGBP
3. GBPCHF
4. CHFJPY
5. AUDJPY
6. EURJPY
7. USDCHF

Non-IBFX Sell Pairs set
8. CADJPY
9. AUDUSD
10. USDJPY
11. EURUSD
12. EURCHF
13. GBPJPY
14 USDCAD
  • #1,663
  • Oct 3, 2008 12:10pm Oct 3, 2008 12:10pm
Quoting ES Trader
I saw a very interesting correlation between bottom number on the IA and signal.
The magic number seem to be -$72.00. Whenever the loss exceeds 72 dol on IA go short and vice versa.
I mad atl east 15 trades with this idea and everyone made money.Not sure why there is so much correlation with that number. Or may be just a coincidence.
Kris
You do this irrespective of the positions of BUYS and SELLS?
  • #1,664
  • Oct 3, 2008 12:19pm Oct 3, 2008 12:19pm
yes, Shiva
  • #1,665
  • Oct 3, 2008 12:22pm Oct 3, 2008 12:22pm
Do you restart your IA daily or have you kept it from the beginning of the week? Your method is really interesting and I want to try it. Thanks for sharing.

Carol
  • #1,666
  • Oct 3, 2008 12:30pm Oct 3, 2008 12:30pm
Default indicator pairs are those you listed as Non-IBFX pairs.
I will change the font in the next version.



Quoting Leomeister
Guilty as charged!! Actually I'm running the demo accounts on a VPS desktop which has a limited number of basic applications and no MS Word. I checked in Notepad and it shows the list of basic OS font files is trimmed down to only include Webdings and Wingdings. Webdings #5 and #6 are up/down arrow icons that would work.

I think the several different sets of hedged pairs listed in the thread, and scripts/indicators, probably creates some confusion in our group discussion and comparison of results......

The 'TradeHedge' script lists the following pairs:
Buy PAIRS set
USDJPY
EURUSD
EURCHF
GBPJPY
USDCAD
CADJPY
AUDUSD

Sell PAIRS set
EURJPY
GBPUSD
EURGBP
GBPCHF
CHFJPY
USDCHF
AUDJPY

This seems different than the listed IBFX pairs:
IBFX Buy Pairs set
1) GBPUSD
2) EURGBP
3) GBPJPY
4) USDCHF
5) NZDUSD
6) AUDJPY
7) EURJPY
IBFX Sell Pairs set
8) EURUSD
9) USDJPY
10) AUDUSD
11) NZDJPY
12) GBPCHF
13) CHFJPY
14) EURCHF

or the thread listed non-IBFX pairs:
Non-IBFX Buy Pairs set
1. GBPUSD
2. EURGBP
3. GBPCHF
4. CHFJPY
5. AUDJPY
6. EURJPY
7. USDCHF

Non-IBFX Sell Pairs set
8. CADJPY
9. AUDUSD
10. USDJPY
11. EURUSD
12. EURCHF
13. GBPJPY
14 USDCAD

  • #1,667
  • Oct 3, 2008 12:35pm Oct 3, 2008 12:35pm
Hi Orest,
look at post 1395
sell gbpusd is on top with 6446 profit
aud jpy should be on 3rd place with 4240 but on your indi it is at fifth place with 424. One digit is missing. Same as the other pairs on the colered boxes.
Quoting Orest
@All

There is ongoing discussion whether pips for 5 digits pairs like FxPro has calculated properly. I still wasn't proven wrong, so if have any evidences be my guest.

[Orest
  • #1,668
  • Oct 3, 2008 12:36pm Oct 3, 2008 12:36pm
ok it passes the 700B Bill. Our ih Orest Indic pick it up already a strong Short now is being show.
Problem is this is late Friday already different if this is Monday.
  • #1,669
  • Oct 3, 2008 12:48pm Oct 3, 2008 12:48pm
Basket will now move on the SELL Trend. Pity, our broker is about to close for Friday and i dont want to leave my trade on the weekends.
  • #1,670
  • Oct 3, 2008 12:51pm Oct 3, 2008 12:51pm
Quoting trader101
Basket will now move on the SELL Trend. Pity, our broker is about to close for Friday and i dont want to leave my trade on the weekends.
but GU moved alone to the top, is not it a signal for long?
  • #1,671
  • Oct 3, 2008 12:53pm Oct 3, 2008 12:53pm
Quoting giraia_br
but GU moved alone to the top, is not it a signal for long?
Forget all indicator if the fundamentals is ruling. Look at the gneral trend only.
  • #1,672
  • Oct 3, 2008 12:57pm Oct 3, 2008 12:57pm
OK i have enough........ winings..
That is my week of trading over 7,000 pips combine demo and live accounts.
Live account was 25% up. Very good week. Let hope that next week it will be like this again. I think that Short Trend will continue till next week. Let go home guys and enjoy our winnings. let come back next week. Forex will still be here. LOL.....
  • #1,673
  • Oct 3, 2008 1:02pm Oct 3, 2008 1:02pm
when i saw GU on the top, i closed it, then now that all sells long was on the top and GBPCHF jumped to the top i entered again in the short side. This makes since or there is something wrong with it?
  • #1,674
  • Oct 3, 2008 1:04pm Oct 3, 2008 1:04pm
Carol,
i use the IA from the beginnig of week.In fact I am planning NOT to open new IA everyweek.I think I will just keep the same one.
Regarding trading off of IA balance please try demo for a while.
  • #1,675
  • Oct 3, 2008 1:08pm Oct 3, 2008 1:08pm
Thanks, ES Trader. I'm going to try that. Oh, I will only try on demo. And if I use it live, I'll use nano lots on IBFX. :-) I'm a conservative trader.

Happy Trading to you.
  • #1,676
  • Oct 3, 2008 1:18pm Oct 3, 2008 1:18pm
I was testing the CloseTrades_After_Account_Loss_TooMuch script and couldn't get it to work. If I set it to -20 for example I'd expect all trades to close if the floating loss exceeded that amount. But in my test it didn't close the trades.

Now if I manually drag the script onto a chart after the loss exceeds the -20 then it closes trades. But what I'm looking for is a script that will close the trades automatically if you break below that total. It would be hard to leave the program running during the night without a close all script serving as a basket stop loss.

Or am i doing something wrong with the existing script? Has anyone had it work right?

Thanks!
Sandy
  • #1,677
  • Oct 3, 2008 1:18pm Oct 3, 2008 1:18pm
Dear trader 101:
Thank you very much for you great system. i want to know that which time frame did you work in. and generally, how long will you hold a position after you open one.
regards
I need time ,I need money, I need more patience
  • #1,678
  • Oct 3, 2008 1:19pm Oct 3, 2008 1:19pm
Quoting trader101
OK i have enough........ winings..
That is my week of trading over 7,000 pips combine demo and live accounts.
Live account was 25% up. Very good week. Let hope that next week it will be like this again. I think that Short Trend will continue till next week. Let go home guys and enjoy our winnings. let come back next week. Forex will still be here. LOL.....
I'd like to say this method SECOND to NONE!. Easy to implement w/ Orest Indy.
I start on FXCM micro with $140 and now it is $330. It's about 136% increased. OK enough w/ my brag.

Especialy thanks to the Yoda Master and many others great Jedei!
gFX.
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  • #1,679
  • Oct 3, 2008 1:35pm Oct 3, 2008 1:35pm
Sandy, that's an EA. It is NOT a script.

Use your MT4's help to find how to apply an EA. This Closewhenprofit EA is a generic EA often used in FF. It has no problem.

Quoting nubchai
I was testing the CloseTrades_After_Account_Loss_TooMuch script

Or am i doing something wrong with the existing script? Has anyone had it work right?

Thanks!
Sandy
  • #1,680
  • Oct 3, 2008 1:56pm Oct 3, 2008 1:56pm
Quoting greenfx08
I'd like to say this method SECOND to NONE!. Easy to implement w/ Orest Indy.
I start on FXCM micro with $140 and now it is $330. It's about 136% increased. OK enough w/ my brag.

Especialy thanks to the Yoda Master and many others great Jedei!
gFX.
I was under the impression FXCM Micro did not support MT4? Either way very impressive week Congrats!
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