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Simple Trading Method with trader101

  • #1,681
  • Oct 3, 2008 2:00pm Oct 3, 2008 2:00pm
Quoting djmanu
I think you've got a problem with your indicator lol

lol....i hope it is wrong all the time then....just bagged 5%.
  • #1,682
  • Oct 3, 2008 2:02pm Oct 3, 2008 2:02pm
Quoting trader101
if you follow the proper money management, the amount you risk is about 5% of your requity, then if you are trading a 0.1 lot you should have at least 10,000 in your account.

Thanks a ton....that gives me a good insight to what I should be trading.

thanks
RT
  • #1,683
  • Oct 3, 2008 2:06pm Oct 3, 2008 2:06pm
Quoting icicle
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..

Great work Icicle! It's the only document on this strategy that helped me to understand it better.

Thanks for your efforts!
Sandy
  • #1,684
  • Oct 3, 2008 2:12pm Oct 3, 2008 2:12pm
Hi T101,

earlier I have applied the rule of the 0.1 + the 0.2 lots. It's yielding about 90 pip at the moment. Pairs EC, UJ, CJ, UC
  • #1,685
  • Oct 3, 2008 2:16pm Oct 3, 2008 2:16pm
Quoting charvo
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.

charvo doh how dumb am I???? sheesh i need some sleep.

Thanks and have a great weekend.

Sandy
  • #1,686
  • Oct 3, 2008 2:18pm Oct 3, 2008 2:18pm
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.....
970 pips for me this week .... Hopefully they are all like this . Thanks.
  • #1,687
  • Oct 3, 2008 2:22pm Oct 3, 2008 2:22pm
Hello Icicle,

This is a wonderful document. I suggest everyone that has questions on this method to review this.

Regards,
Jeff

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.
  • #1,688
  • Oct 3, 2008 2:24pm Oct 3, 2008 2:24pm
Quoting ES Trader
yes, Shiva
ES Trader, thanks dude! I had gone short at the same time I asked you the question, and closed it with $305 positive now lol. Thats 305 pips in 173 mins
  • #1,689
  • Oct 3, 2008 2:25pm Oct 3, 2008 2:25pm
I want to thank T101 for bringing this system to FF. It's a good one and will only get better.

I also want to thank everyone else who have either made indicators, EAs, scripts, documents and tidbits of information that can make this system better.

It's like watching a painting happen on a canvas. Very nice.

Carol
  • #1,690
  • Edited 3:07pm Oct 3, 2008 2:25pm | Edited 3:07pm
Orest,

First of all - thanks for the great work. This is really just a housekeeping issue and something you can look at when all the important stuff is done. The pip calculation is a little screwy on certain pairs as you can see. It's taken it to the fourth digit disregarding a decimal point. For example, in the attached screenshot you can see GBPJPY on the Day shows as 1273 while on Crodzilla's it is showing 126. USDCHF shows as 874 while it's really 88. The minor differences are due to Crod's being applied to GY and Orest being applied to EURUSD so no concerns there, but the missing decimals definitely are throwing off the totals at the bottom.

Thanks again,
MB

My apologies if this is the way you intended it. Most of them have the extra digit so it looks like this was planned. But wouldn't the CADJPY, CHFJPY, and AUDJPY not having the extra digits throw things off or did you account for those in your calcs?
Attached Image (click to enlarge)
Click to Enlarge Name: Orest VS Crodzilla.jpg Size: 222 KB
  • #1,691
  • Oct 3, 2008 2:29pm Oct 3, 2008 2:29pm
Quoting Kfx
970 pips for me this week .... Hopefully they are all like this . Thanks.

Thanks for this wonderful system. Still reading and trying to understand everything.
Kfx are you from Spain? Me too, please contact me.
  • #1,692
  • Oct 3, 2008 3:38pm Oct 3, 2008 3:38pm
FXPRO 4h tab is almost giving buy, but IBFX has a very diferent result. It is correct?
  • #1,693
  • Oct 3, 2008 3:46pm Oct 3, 2008 3:46pm
can someone reading confirm if the pairs are correct and have the same results?
Attached Images
  • #1,694
  • Oct 3, 2008 3:50pm Oct 3, 2008 3:50pm
Quoting giraia_br
but GU moved alone to the top, is not it a signal for long?

From what I gather, Trader 101 is saying that, the majority of the indicators, as is, are saying "Short". So even if there is a break out pair, here or there, one or two break out pairs don't necessarily signify a strong move for the whole basket. The Majority, even if its unchanging from the initial IA, is going to always be the determining factor. It took me a while to see that too. But even when we are waiting for the IA to give us the direction if it doesn't give a solid change then I think the message for that moment is what the majority is saying. Just a thought, please if I am wrong, someone correct me.
  • #1,695
  • Oct 3, 2008 3:58pm Oct 3, 2008 3:58pm
You are correct! Thanks to Trader101!
Quoting Thomas Crown
From what I gather, Trader 101 is saying that, the majority of the indicators, as is, are saying "Short". So even if there is a break out pair, here or there, one or two break out pairs don't necessarily signify a strong move for the whole basket. The Majority, even if its unchanging from the initial IA, is going to always be the determining factor. It took me a while to see that too. But even when we are waiting for the IA to give us the direction if it doesn't give a solid change then I think the message for that moment is what the majority is saying. Just a thought, please if I am wrong, someone correct me.
  • #1,696
  • Oct 3, 2008 3:59pm Oct 3, 2008 3:59pm
Quoting Thomas Crown
From what I gather, Trader 101 is saying that, the majority of the indicators, as is, are saying "Short". So even if there is a break out pair, here or there, one or two break out pairs don't necessarily signify a strong move for the whole basket. The Majority, even if its unchanging from the initial IA, is going to always be the determining factor. It took me a while to see that too. But even when we are waiting for the IA to give us the direction if it doesn't give a solid change then I think the message for that moment is what the majority is saying. Just a thought, please if I am wrong, someone correct me.
the main problem is comparing what with what. For example 4 hour tab almost all shorts are on top. Only 1 buy at slot 7. So is it a buy signal?

thanks for answer.
  • #1,697
  • Oct 3, 2008 4:13pm Oct 3, 2008 4:13pm
Quoting giraia_br
the main problem is comparing what with what. For example 4 hour tab almost all shorts are on top. Only 1 buy at slot 7. So is it a buy signal?

thanks for answer.
I think there are a couple of ways to trade this system. You can look for the movers that swap position and trade the 2 to 4 pair as Trader 101 describes in post 1.

The other way is to think of all 14 trades as 1 trade and when the overall trend on the orest indicator and the profitcalc indicator shows a strong trend change (along with just looking at the pairs and seeing the overall movement), then you can place an order either buying or selling all 14 pair. I was doing the second approach today with pretty good success.

Sounds like trader 101 expects a downtrend on Monday and was leaning toward that approach this time.

I've also heard some people talking about using this system for scalping. I haven't looked into that at all.

Sandy
  • #1,698
  • Edited 4:27pm Oct 3, 2008 4:17pm | Edited 4:27pm
We should have a fix to the odd calculations soon.
Attached Image (click to enlarge)
Click to Enlarge Name: t101_v1.11point_bugResolved.jpg Size: 245 KB
  • #1,699
  • Oct 3, 2008 4:33pm Oct 3, 2008 4:33pm
Quoting Coqui
Thanks for this wonderful system. Still reading and trying to understand everything.
Kfx are you from Spain? Me too, please contact me.
Hola.

You have a PM.
  • #1,700
  • Oct 3, 2008 5:28pm Oct 3, 2008 5:28pm
Quoting giraia_br
the main problem is comparing what with what. For example 4 hour tab almost all shorts are on top. Only 1 buy at slot 7. So is it a buy signal?

thanks for answer.
Hopefully I can clarify a little bit, you're question and Trader 101's answer forced me to look at it closer. So first of all thank you for asking, it helped me. Ideally 7 sells on top in a positive position with 7 buys on the bottom in a negative position, as is is saying "Short" now any shift form this if it move the majority of the pairs wil eventually become a "Buy" but the whole basket as is in that position is a "Short" without any moves. So, if the majority of it stays in that position with only a few sprinkled pairs breaking out, then the majority of the basket is still in a "Short" position. Now about those individual breakout pairs, yes those are buys, but the whole basket is still not ready for a "Short", yet. Hope this helps, I have found that reading the rules a 100+ times works for me, and staring at it for a long time. Clarifies, but you're question did help me. So, it forced me to stare at it even longer, and understand the correct interpretation better.
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