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Simple Trading Method with trader101

  • #1,981
  • Oct 6, 2008 12:58pm Oct 6, 2008 12:58pm
Pip Seeker,

The highlighting (cursor) is confusing and was unintentional. The trade was BUY USDCHF + GBPCHF. This looked like a system trade to me because they jumped slots. USDCHF was a buy going up into the Sells, so you BUY. GBPCHF was a sell going down into the Buys (-$) so you do the opposite and BUY. It was successul...about 250 pips maximum move combined.

Slade
  • #1,982
  • Oct 6, 2008 1:14pm Oct 6, 2008 1:14pm
why are my scripts opening 0 trades?
  • #1,983
  • Oct 6, 2008 1:19pm Oct 6, 2008 1:19pm
Quoting FOURX
why are my scripts opening 0 trades?

tony ... Ill talk you through this one on a pm if you like
  • #1,984
  • Oct 6, 2008 1:22pm Oct 6, 2008 1:22pm
Quoting hansel
This kind of comment is totally unnecessary and uncalled for. I have been following Trader101 (Julius) for almost a year on other threads in this forum. He has no patience for people who are not willing to listen or aren't willing to do the work for themselves. In fact he has come down hard on me when I asked something stupid or didn't follow his advice - and I'm still here and not calling him names.

Ultimately, he owes us nothing. In fact he has been very generous by sharing his methods here - he did not have to do that. If you follow his method you will make money, and he has not asked for even one penny. That's good to keep in mind when you disagree with the way he may come across sometimes.
I totally agree w Hansel. Julius may not be the nicest / sweetest guy on earth, but hey, this is not a popularity contest. If we can learn and prosper from a master, let's not get too emotional & personal over his way of teaching and temperament.

We're all humans and perhaps, shot replies too quick and impolite some times. All my dear masters and fellow disciples, let us put aside all these and look at making $$ as our collective goal! At the end of the day, we all need one another, don't we?
  • #1,985
  • Oct 6, 2008 1:26pm Oct 6, 2008 1:26pm
Quoting trader101
Ok there goes the last straw…From you are the best to you are a child because you did not answer his stupid question. What a great contrast…..
Let us go on our own merry way .. they have succeeded again in busting a good thread, when is this going to stop. I guess not are these clowns for real?? Are they paid to do that? By whom? You have seen the last of me. Sorry for not completing your lesson. If you find me in other thread other forum or website just feel free to drop by.

Julius
Hi Julius
This thread belongs to you and it is up to you to determine the tempo. Since you have decided to unselfishly teach the world this your system without any payment, just go ahead and teach the world and those like me who will benefit this method, will GIVE CREDIT TO WHERE CREDIT IS DUE because this is given unselfishly free. I myself am using your method without all those technical tools like EA, profitCal and so on and the little demo account I started with $8,400 has grown to over $25,000 and climbing in just 1-week.
My suggestion is for you to ignore all those wise guys seeking attention and wanting to over automate a strategy you have tested for a long time and confirmed a manually operated one and deliver all the remaining 2 stages of the system for all that are alive today to learn and implement because life is too short and you should be focused in acomplishing any of your projects in life.
Sweetjoshan
  • #1,986
  • Oct 6, 2008 1:38pm Oct 6, 2008 1:38pm
Quoting profdr
this is julius thread.His method realy good.He shows us a good way of earning money.He didn't want any thing like money etc...He wants just a respect.He said read the thread before asking questions.But some lazy idiots.
Didn't read anything. Bring nothing to the table.But judge him...
This is his system.this is his style.if U want to learn obey the rules.Or live.
eritrosit
P.S. sorry for my english

Thats not what happened. Half the people here had the info to understand what Julius was saying, the half on IBFX did not.

Unfortunately, the person writing up all the documentation, me, was on IBFX. This means two things 1) The How To Guide was not current and this means a lot of noob questions cluttering the thread. 2) The writer would need to turn their attention to other projects in the meantime.

I thought, on balance, best to ask. I asked. Got a first hand demonstration of why all the talent is departing from this thread. TrendChaser, Orest, Codzilla and myself were all systematically turfed out. Soon you will be left with nothing but noobies asking the sort of rubbish they asked before I arrived, and one supposedy pissed off Julius, in his element, complaining he is surrounded by noobs asking dumb questions.

The 'lazy idiots' you mention who won't 'read anything' were a problem I got kicked out for solving.

>He wants just a respect.

No. He wants to be surrounded by idiots who never challenge him - worshippers. Its not quite the same thing. I have been nothing but helpful and got pissed on. I'm not taking that kind of abuse from anyone, doesn't matter who they think they are.
  • #1,987
  • Oct 6, 2008 1:40pm Oct 6, 2008 1:40pm
Quoting slade
Pip Seeker,

The highlighting (cursor) is confusing and was unintentional. The trade was BUY USDCHF + GBPCHF. This looked like a system trade to me because they jumped slots. USDCHF was a buy going up into the Sells, so you BUY. GBPCHF was a sell going down into the Buys (-$) so you do the opposite and BUY. It was successul...about 250 pips maximum move combined.

Slade
Ok thanks for the response... the main thing that is confusing me [possibly others?] is that the pic I edited of yours doesn't show a jump slot --- both pairs are still in the same slots. From pic #1 to pic#2 shown here...
[img]http://www.forexfactory.com/attachme...6&d=1223314175[/img]

if the pic1 was in error then that would explain it, otherwise I don't see what you saw?? make sense?
  • #1,988
  • Oct 6, 2008 1:44pm Oct 6, 2008 1:44pm
bye then
  • #1,989
  • Oct 6, 2008 1:47pm Oct 6, 2008 1:47pm
Hi guardian,

I am looking for the Orest indicator which you have used in the image uploaded in post #1932.

The one I have from the thread does not show arrows for moves between slots and also does not have the various colours. I am using ver 1.11 (without the extension "a" that you have in your image in post 1932). Tried to find the specific orest indic in the thread but no success.

Appreciate if youself, Orest, or anybody can direct me to this specific indic.

Thanks

TF
  • #1,990
  • Oct 6, 2008 1:53pm Oct 6, 2008 1:53pm
Pip Seeker,

My screen shots dont show the slot jump. The first one shows what I saw when I took the trade (ie. the jump already happened). The second screen shot was just a show of the current prices and where everything settled to show the potential profit.

On this point, I dont have a before and after shot of the slot jump, because I did not know it was going to jump and thus did not have a before shot. Besides, thats what I saw when I sat down at my computer, so I did not see it jump, but is most definitely did.

Slade
  • #1,991
  • Oct 6, 2008 1:57pm Oct 6, 2008 1:57pm
Quoting TradeForexFx
Hi guardian,

I am looking for the Orest indicator which you have used in the image uploaded in post #1932.

The one I have from the thread does not show arrows for moves between slots and also does not have the various colours. I am using ver 1.11 (without the extension "a" that you have in your image in post 1932). Tried to find the specific orest indic in the thread but no success.

Appreciate if youself, Orest, or anybody can direct me to this specific indic.

Thanks

TF
as you drop the indicator on your chart you need to set the inputs Show Buy Direction to true for each ccypair
  • #1,992
  • Oct 6, 2008 2:02pm Oct 6, 2008 2:02pm
“Remember, a Jedi’s strength flows from the Force. But beware. Anger, fear, aggression. The dark side are they. Once you start down the dark path, forever will it dominate your destiny.”

“Soon will I rest, yes, forever sleep. Earned it I have. Twilight is upon me, soon night must fall.”

“The dark side clouds everything. Impossible to see the future is.”

“[Luke:] I can’t believe it. [Yoda:] That is why you fail.”

“Do or do not…there is no try”
forexflash
  • #1,993
  • Oct 6, 2008 2:20pm Oct 6, 2008 2:20pm
Quoting slade
Pip Seeker,

My screen shots dont show the slot jump. The first one shows what I saw when I took the trade (ie. the jump already happened). The second screen shot was just a show of the current prices and where everything settled to show the potential profit.

On this point, I dont have a before and after shot of the slot jump, because I did not know it was going to jump and thus did not have a before shot. Besides, thats what I saw when I sat down at my computer, so I did not see it jump, but is most definitely did.

Slade

ok that clears it up a bit. The way that post read sounded as if those pics would actually show the slot jump and when I didn't see it I thought I was missing something.

If someone would post pics /video of before [what a trade should look like] and after I think that would benefit all.

Thank you Slade for clearing this up.
  • #1,994
  • Oct 6, 2008 2:20pm Oct 6, 2008 2:20pm
if someone reads all thread.they will have all the answers.İbfx ,non ibfx,fxpro...All of them written in this thread.İf someone reads first 20--30 page then comes to this page.There will be confusion.thats normal.
İf U don't have time to read.go away.this will take maximum 10-12 hours.when you blow your account.this will take months to gain that money.
So don't be lazy read it.Don't judge julius.He is helping everybody in hier.
he has rules obey them. when you don't obey all of us will lose.we are all in the same ship.
Tjpld have a good idea.İt can solve our problems.we can open a thread in interactive trading.people can ask questions send graphics.the others can help them so this thread will be ok.
eritrosit
  • #1,995
  • Oct 6, 2008 2:25pm Oct 6, 2008 2:25pm
Quoting slade
As I have mentioned in one of my previous posts, the IBFX hedge is playing the EUR, GBP, NZD and AUD against the JPY, USD, and CHF. All you need to do is look at your IA (or Orests indicator) to tell you what is going on.

Take a look at the attached screen shot. Since the SELLS are in control (and have been since the market opened last night), just look at the second (quoted) currency of each pair. This would be Group 2 (JPY, USD, and CHF) The strongest will be the anchors, and they will weaken as you move toward the center, until you reach either the zero line, or a BUY pair that has jumped. As I see it, JPY strength is driving this entire move. You could also say EUR and GBP weakness are whats causing it; its just the flip side of the same thing. Since USDJPY is in slot 4 (making money on a sell), that would mean that JPY is stronger than USD for now. USDCHF is a buy pair that has jumped and is in profit. Thus, USD is probably strengthening against CHF, and since CHF/JPY Sell is also in profit, that means, JPY is also stronger than CHF.

Since IBFX Group I is largely dominated by EUR and IBFX Group 2 is dominated by JPY, if my analysis is correct, EUR/JPY pair can act as your indicator or boromter of the direction of your basket trade. If its going up, BUY, going down, SELL. So I like to keep a chart of EUR/JPY close by so that I can see what its doing. Note that we may be seeing some price exhaustion here, as the downside move is starting to chop around. The live basket account of all 14 pairs (SELL) should reflect this, up and down, up and down, movement.


Slade
Thats a pretty good explanation, thanks! Now I understand.
  • #1,996
  • Oct 6, 2008 2:53pm Oct 6, 2008 2:53pm
I know a lot of you have been asking me to write an EA for this thread, and I will say I'm very interested in this one. But, unlike most of you, I'm still reading through the thread in its entirety.

Attached is a quick indicator I tried to throw together.

It shows the profit/loss in pips for each pair you choose. (You'll need to add multiple indicators to the same window)
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 50 KB
Attached File(s)
File Type: mq4 Symbol Profit.mq4   2 KB | 1,983 downloads
  • #1,997
  • Oct 6, 2008 2:57pm Oct 6, 2008 2:57pm
Quoting trader101
Ok there goes the last straw…From you are the best to you are a child because you did not answer his stupid question. What a great contrast…..
Let us go on our own merry way .. they have succeeded again in busting a good thread, when is this going to stop. I guess not are these clowns for real?? Are they paid to do that? By whom? You have seen the last of me. Sorry for not completing your lesson. If you find me in other thread other forum or website just feel free to drop by.

Julius
WEll ..what to say? Its a real pity that some impatient people has been acting like T101 was owing something to us....(not evaluating what he gave us yet unselfishly)...As far as me I'm still struggling to grasp the overall system ..and i was here about since starting.

I gave a small contribute too but i didnt feel myself entitled to ask him many questions in a such pushing manner and in the strong right to have an aswer (we say in Italy " asking is allowed but answering is just facultative")

Last but not least this is T101 home and so u must behave like u usually behave when u are a guest.


Well Julius i hope u will find out a way to drive things in a way that is comfortable 4 u (maybe the open/close thread ?)

Ayway thanx 4 ur giving,

Franco
  • #1,998
  • Oct 6, 2008 3:20pm Oct 6, 2008 3:20pm
look at my demo:

pretty good Julius... and by the way the pic shown is already out of date I can't make the pic fast enough... it's approaching double this amount already. Still has only been about 50min.
Attached Image
  • #1,999
  • Oct 6, 2008 3:37pm Oct 6, 2008 3:37pm
Anybody still interested in keeping this thread alive? I think Julius has already given us the Golden Goose and we should be able to figure it out from here. It would be great if he came back, and maybe one day he will. Until then, my vote is to trade the system and try to fine tune it.

I like your indicator RonaldRaygun and I look forward to seeing what else you may decide to come up with, as I have seen your good work in other threads.

Me, I am not a programmer. Still pretty much just use the IA, and more and more, Julius' Profit Calc for heads up on trend direction. I also look at the EUR/JPY (for IBFX basket traders). EA's and indies are nice, but the bottom line is that the EUR/JPY pretty much told us - starting at 2:30pm est when it bottomed out - that the SELLS had run out of steam and that we should keep our eyes open for a buy to dislodge the SELL anchor (which had been AUDUSD on my IA) or the Sell to dislodge the BUY anchor (which was AUDJPY on my IA). I am now LONG on the IBFX basket and topped out at 600 pips (on my demo account).

Slade
  • #2,000
  • Oct 6, 2008 3:45pm Oct 6, 2008 3:45pm
Quoting pip_seeker
look at my demo:

pretty good Julius... and by the way the pic shown is already out of date I can't make the pic fast enough... it's approaching double this amount already. Still has only been about 50min.
Question is if you make 500$ with 1 mini lots shorting the basket wouldn't it be easier to make 35 Pips on 1.4 Lots (instead of 14 pairs @ 0.1 Lots) which would yield 500$ too.
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