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Simple Trading Method with trader101

  • #2,001
  • Oct 6, 2008 4:10pm Oct 6, 2008 4:10pm
I'm all for continuing a discussion of this method. If Julius decides to close this thread which is his complete right then I'm sure we can open another one at FF or elsewhere and continue the discussion. Julius owns the thread so it's up to him.

What I'd like to see is for people to treat each other more nicely here. A noob comes in and asks a basic question? Direct him to the main part of the thread and to Icicle's document if we still have it. That was the best document we had to date on the system and it would be a great thing to point a new user to. No need to jump all over him or go on a rant. Running a thread is not easy. But i think a lot of the frustrating questions can be answered in a better way. Frankly this thread has the weirdest mix of niceness on the part of many and hostility on the part of a few.

Let's focus on the system and just be civil to each other.
  • #2,002
  • Oct 6, 2008 4:20pm Oct 6, 2008 4:20pm
Quoting Ronald Raygun
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)
How the hell do you read that! ronnie?
  • #2,003
  • Oct 6, 2008 4:31pm Oct 6, 2008 4:31pm
Hi Everyone...

What a sad day...

T101 has made a wonderful system and it has given to us for free, and
Just because of some lazy and rude people out there, it has ruin it for the rest...

T101 thanks heaps for all your help, Just make this thread a close and ignore the rest...

My friend and I have been following your system from the begining and, yesterday was my first time in history to make more than +3500 pips in a day...

it is just unbelievable...

Keep up with the good work...

ALso thanks to TC and Orest awesome work...

Cheers
FX-seer
  • #2,004
  • Oct 6, 2008 4:35pm Oct 6, 2008 4:35pm
Quoting FOURX
How the hell do you read that! ronnie?
Look for regions of green/red. No definite science. I literally did this in the 10 mins I had before class started.
  • #2,005
  • Oct 6, 2008 4:36pm Oct 6, 2008 4:36pm
Maybe now other gifted people can start working on automating this without getting their head bitten off because it strays from the rules of only speaking of one indicator and nothing else unless approved first

I cant thank Julius enough for sharing this amazing system and for the time he has put into his posts and answering questions, he is without a doubt one of the best traders I have seen in FF but we are all adults here.

If we dont like a question, dont answer it. You'll never stop newbies posting stupid questions because they cant be bothered to read

its a public forum, what do you expect!!

for the record I have been using Trendchasers automated EA T101 V2.4EA and over the last 8 hours and made just over 900 pips.

Thankyou Trendchaser!!

Good luck Ronald with your work on an EA, you will find plenty of talented people here willing to help you test and offer suggestions
  • #2,006
  • Oct 6, 2008 4:37pm Oct 6, 2008 4:37pm
I took two live basket trades today.

The first stopped out at +650, the second at +1750.

+2400 makes me a happy bunny.

The last time the markets moved like this, I got wiped out through inexperience and lack of tools to do the job of reading what was happening.

This time around I had the tools for individual pairs - fib s&r etc, but what really made the difference was having a tool that helped me read the global markets. Bear in mind that I had not watched the news and did not know what was going on in the outside world.

It makes a change to be a little guy prospering in the face of global financial meltdown, instead of being fried by it.

  • #2,007
  • Oct 6, 2008 4:43pm Oct 6, 2008 4:43pm
Quoting safire25
Maybe now other gifted people can start working on automating this without getting their head bitten off because it strays from the rules of only speaking of one indicator and nothing else unless approved first

I cant thank Julius enough for sharing this amazing system and for the time he has put into his posts and answering questions, he is without a doubt one of the best traders I have seen in FF but we are all adults here.

If we dont like a question, dont answer it. You'll never stop newbies posting stupid questions because they cant be bothered to read

its a public forum, what do you expect!!

for the record I have been using Trendchasers automated EA T101 V2.4EA and over the last 8 hours and made just over 900 pips.

Thankyou Trendchaser!!

Good luck Ronald with your work on an EA, you will find plenty of talented people here willing to help you test and offer suggestions
That last thought makes me cringe a little. Here's why:

Life Cycle of popular thread:

  1. New/Exotic idea comes out
  2. Idea is proven to be very successful early on
  3. Veterans are attracted because the idea is successful.
  4. Newbies flock after the veterans
  5. Veterans get angry at newbies for laziness and repetitive questions
  6. EAs and indicators are developed for the system.
  7. Newbies start suggesting/demanding modifications which make the system "better"
  8. More EAS and indicators are developed for the system
  9. More newbies join in on the fun but don't want to read the thread through
  10. The new newbies start blaming the veterans for not helping them.
  11. Veterans get angry at the newbies for disturbing/annoying them with repetitive questions
  12. Creator is either kicked off or leaves due to the emotional unrest
  13. System starts failing, people start calling this a fluke
  14. Thread loses interest
  15. Thread dies.

  • #2,008
  • Oct 6, 2008 4:46pm Oct 6, 2008 4:46pm
Quoting Ronald Raygun
That last thought makes me cringe a little. Here's why:

Life Cycle of popular thread:

  1. New/Exotic idea comes out
  2. Idea is proven to be very successful early on
  3. Veterans are attracted because the idea is successful.
  4. Newbies flock after the veterans
  5. Veterans get angry at newbies for laziness and repetitive questions
  6. EAs and indicators are developed for the system.
  7. Newbies start suggesting/demanding modifications which make the system "better"
  8. More EAS and indicators are developed for the system
  9. More newbies join in on the fun but don't want to read the thread through
  10. The new newbies start blaming the veterans for not helping them.
  11. Veterans get angry at the newbies for disturbing/annoying them with repetitive questions
  12. Creator is either kicked off or leaves due to the emotional unrest
  13. System starts failing, people start calling this a fluke
  14. Thread loses interest
  15. Thread dies.

My friend, told me from the begining this will happen from the begining... I had faith this would not happened, but hey i was proven wrong...

Fx-seer
  • #2,009
  • Oct 6, 2008 4:48pm Oct 6, 2008 4:48pm
Sad but true

Lets be the exception
  • #2,010
  • Oct 6, 2008 5:08pm Oct 6, 2008 5:08pm
Guys ... I am all for the development of new indicators and new ideas to do with Julius's strategy .... but hes only gone for ten minutes and allready the very things he wanted to stop, or at least ask politely to start another thread doing, are cropping up allready ..... its starting to look like we may never hear from the guy again ... would you want to come back to something where people obviously dont give a toss about his wishes .... just seeming to want to push thier own .... albiet very clever and inspirational ..... agendas .....

I cant believe the comment a few back saying something like ... well maybe we can now start deveolping XXXXXXXX or WHATEVER .... without getting our heads bitten off ....

did you want the guy to go ????

Unbelievable guys ....
  • #2,011
  • Oct 6, 2008 5:10pm Oct 6, 2008 5:10pm
I hope Orest will continue his indicator through to completion. It is very helpful.
-
  • #2,012
  • Oct 6, 2008 5:12pm Oct 6, 2008 5:12pm
Quoting Fx-Seer
My friend, told me from the begining this will happen from the begining... I had faith this would not happened, but hey i was proven wrong...

Fx-seer
You're a seer =D

All bits aside, there are three main modules I need to come up with:

  1. Order Ranking - Determine a starting price and from there determine the current ranking of each pair.
  2. Signal generation - This system looks for changes in the overall market. What defines a buy/sell order?
  3. Signal execution - Placing 14 Buy/Sell orders reliably is a daunting task in itself.

#3 should be the easiest so we'll leave that last.

To the other programmers here, I'd like for you to focus your efforts on #1. Figure out a way to internalize and possibly track the order ranking to the EA. I'm not sure if this was already done, (I'm on page 42, still wading through the useless posts).


My intention is not to capture every market movement. There are far too many variables involved, so I leave a human for that.

My intention is to ensure the highest win rate so I can leave the EA truly as set-and-forget. If you can automatically get 10/pips a day 100% of the time, I would take that any day over 100 pips 50% of the time.

  • #2,013
  • Oct 6, 2008 5:17pm Oct 6, 2008 5:17pm
Quoting Cdavid
Guys ... I am all for the development of new indicators and new ideas to do with Julius's strategy .... but hes only gone for ten minutes and allready the very things he wanted to stop, or at least ask politely to start another thread doing, are cropping up allready ..... its starting to look like we may never hear from the guy again ... would you want to come back to something where people obviously dont give a toss about his wishes .... just seeming to want to push thier own .... albiet very clever and inspirational ..... agendas .....

I cant believe the comment a few back saying something like ... well maybe we can now start deveolping XXXXXXXX or WHATEVER .... without getting our heads bitten off ....

did you want the guy to go ????

Unbelievable guys ....
Run the system for yourself. Trader101 took the time to develop this (2 years) by simply observing this basket. Why can't we do the same? The result is the same--learning this method of trading--the means used:

  1. Spoon-fed by trader101
  2. Do it yourself

Is the only part that differs.

Now trader101, if you rather I don't publicly further my efforts toward an EA, let me know.

  • #2,014
  • Oct 6, 2008 5:27pm Oct 6, 2008 5:27pm
Quoting Ronald Raygun
Run the system for yourself. Trader101 took the time to develop this (2 years) by simply observing this basket. Why can't we do the same? The result is the same--learning this method of trading--the means used:

  1. Spoon-fed by trader101
  2. Do it yourself

Is the only part that differs.

Now trader101, if you rather I don't publicly further my efforts toward an EA, let me know.

With all due respect to your talents and enthusiasim Ronald... at this moment in time .... would you prefer to

a) attempt to hijack this thread and run the risk of never hearing from Julius or his ideas again.

or

b) Politely and with a certain amount of maturity respect his wishes and start your own thread based on the ideas created here by a talented contributer.


nobody is talking about being spoonfed except you Ronald.
  • #2,015
  • Oct 6, 2008 5:34pm Oct 6, 2008 5:34pm
Ronald ... Im not trying to pick a fight here .... your specs and contributions to this site are outstanding ..... BUT ..... I really hope you understand what I am trying to say here mate.
  • #2,016
  • Oct 6, 2008 6:04pm Oct 6, 2008 6:04pm
The previous posts have mentioned that the indicator should be run on the demo of the same brokers platform you trade with.
But my broker is not on MT4, can I use the indicator in Alpari but trade with InteractiveBrokers, what modification I need?
I attach the IB quote below.

http://www.forexfactory.com/attachme...7&d=1223334089
  • #2,017
  • Oct 6, 2008 6:05pm Oct 6, 2008 6:05pm
Anybody else going long on the 14 right now?
  • #2,018
  • Oct 6, 2008 6:11pm Oct 6, 2008 6:11pm
Quoting netwrkgod
Anybody else going long on the 14 right now?
Not a chance.

The markets are in meltdown. I would need all of the This Week, Day. 4 hours and Last Hour to agree on a long before I would even consider going long.

Even then, I would probably wait a couple of days to make sure; these are exceptional times.

Anyone else here read Terry Pratchet's Discworld Novels?

To quote TP, we live in interesting times.

  • #2,019
  • Oct 6, 2008 6:27pm Oct 6, 2008 6:27pm
Hey steve,

Your previous post about gaining many pips...(not sure, couple pages back?): Did all of the TF's line up in agreement there for you when you traded the basket?

Hope my question is clear.....

ps. T101 rules
  • #2,020
  • Oct 6, 2008 6:27pm Oct 6, 2008 6:27pm
Quoting SteveHopwood
Not a chance.

The markets are in meltdown. I would need all of the This Week, Day. 4 hours and Last Hour to agree on a long before I would even consider going long.

Even then, I would probably wait a couple of days to make sure; these are exceptional times.

Anyone else here read Terry Pratchet's Discworld Novels?

To quote TP, we live in interesting times.

Good Thing !!! It would've reversed big time...
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