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Signals for Simplicity

  • #401
  • Oct 10, 2008 1:58pm Oct 10, 2008 1:58pm
I think the problem is with your DDE. You have to turn off the DDE of other platform only the IBFX and if you are enabling the DDE in an "m" it wont work too. You have to enable the DDE of your ibfx platform that is std account. that probably will work. Try it
  • #402
  • Oct 10, 2008 2:03pm Oct 10, 2008 2:03pm
Quoting trader101
I do this on Long term trading that sometimes last for weeks. But eventually you will win. I give me higher than 80 % win rate.
But isn't this the scary part: "eventually you will win". Does this mean very large SL (or no SL)? What happened on the 20% you lost on (stopped out, closed early because of fundies, got bored, etc)?

Thanks!
  • #403
  • Oct 10, 2008 2:04pm Oct 10, 2008 2:04pm
Quoting Cdavid
I too am having problems getting IBFX101Workfiles.xls to work.

Keeps giving me "Cannot find Text file to Refresh ...."
for all the ccy pairs.

I have PM some others .... who dont seem to have any problems with the FxPro Workfile.

I have modified Corvogrigio's file from Sep28 post#695:-

Dsn-02 Q2Exc MultiP-Gen CORVOmodter.mq4 ...

.. got it to run by changing the ccy pairs to m and skipping the ccy pair that IBFx mini dont carry ... the script now runs successfully ... but Excell still errors me out.

Perhaps Corvogrigio or Julius could clarify the correct setup procedure for IBFX101Workfile ...

BTW Corvogrigio ... the New Excell file your working on looks great.... cant wait.
I did use the script in FXpro and then establish the files and the spreadsheets. Now i am just doing the manual once a week thing put the open price and thats it. the file that i have attached before that is the file just manually put the open price fo the week on sheet by adding a row and manually netering the week open price.
  • #404
  • Oct 10, 2008 2:06pm Oct 10, 2008 2:06pm
Quoting hndymann
Alright, this all makes sense now. Since your IA's which have settled are from September and if the trend were to continue this strong, the trades should gain profit relatively quickly. Otherwise we might have to wait a few weeks for profit.
Yes that why i normally left my trade in there are long as there is no shaking of the market, it will just continue to gain pais week after week. Look at the total isnt it growing every week. It is very profittable and less stress trading.
  • #405
  • Oct 10, 2008 2:10pm Oct 10, 2008 2:10pm
Quoting zznbrm
But isn't this the scary part: "eventually you will win". Does this mean very large SL (or no SL)? What happened on the 20% you lost on (stopped out, closed early because of fundies, got bored, etc)?

Thanks!
eventually doesnt mean months i mean days the most. I close the trade if i find fault in my analysis that i could identify as early as 4 hoours later. There is always 2 direction in a trade the 20% comes from the wrong direction chosen.
  • #406
  • Oct 10, 2008 2:20pm Oct 10, 2008 2:20pm
Quoting trader101
eventually doesnt mean months i mean days the most. I close the trade if i find fault in my analysis that i could identify as early as 4 hoours later. There is always 2 direction in a trade the 20% comes from the wrong direction chosen.
So a mental SL based roughly on this question: "Is the trade going against me and is it becoming obvious that my analysis for this trade was incorrect?"

A little dangerous for the undisciplined trader. However, seems like you don't have a problem with sticking to your trading plan. Those lacking discipline might want to shy away from this scenario.
  • #407
  • Oct 10, 2008 2:35pm Oct 10, 2008 2:35pm
Quoting trader101
I think the problem is with your DDE. You have to turn off the DDE of other platform only the IBFX and if you are enabling the DDE in an "m" it wont work too. You have to enable the DDE of your ibfx platform that is std account. that probably will work. Try it
Thanks Julius ... all working now http://www.forexfactory.com/images/icons/icon10.gif

Absoulutely Right ... only works on IBFX Standard Account.
  • #408
  • Oct 10, 2008 5:08pm Oct 10, 2008 5:08pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting zznbrm
So a mental SL based roughly on this question: "Is the trade going against me and is it becoming obvious that my analysis for this trade was incorrect?"

A little dangerous for the undisciplined trader. However, seems like you don't have a problem with sticking to your trading plan. Those lacking discipline might want to shy away from this scenario.
Think of this thread as a science class, on your first day your not let lose with all the volatile liquids, you start with a bottle of water and your facinated with the gas burner and the movment of the fluid, you watch in amazment as it changes from one state to another, after a while you start to understand a little and can start to experiment in the safe enviroment of the lab (Demo account), some will become OK some will be GOOD and some will EXCELL - this is us now all of us, some will only trade the IA 14pairs because they are easier to see and other will excell and just see it the way it is. a $50,000 demo account is a very safe place to blow things up - have some fund with it.
  • #409
  • Oct 10, 2008 8:19pm Oct 10, 2008 8:19pm
T101, Thank you for the explanation of jumping pairs (Tandem). I have a question for managing the profit, do you put EA (2Protectaccount) as soon as you open the trades? or do you put EA until the trades turn to profit? Thank you
  • #410
  • Oct 10, 2008 8:59pm Oct 10, 2008 8:59pm
Quoting trader101
A clear lesson for jumping pairs technique also known as tandems.
Two charts are attached, the Franco’s excel and the Oanda Platform.
Your attention to the Excel chart first: This screen shot was around MnNY.
Trade was also entered around that time.

Compare the 21 Sep and 28 Sep columns. Placement of pairs is identical. That will give us the basis for this week as this currency over time in your chart will be identical in placement. Now look at the 5 Oct column, in order to copy the two columns at its left, The following pairs must move according to:

1) GBPCHF must move down – meaning buy GbpChf
2) EURGBP must move down – meaning sell EurGbp
3) EURUSD must move up - meaning sell EurUSD
4) USDJPY must move down - meaning buy UsdJpy
5) USDCHF must move up – meaning buy UsdChf

The meaning of this move is explained in the previous thread and many other posting, so don’t ask me how come.
Now this morning look at the Oanda Account..Did we got this right?? I am not saying that you will get these results all the time but the percentage of you being right is extremely high, above 80% probability. I hope that this jumping pairs explanation could eliminate some doubts and nagging questions in your mind. Do not ask me about the other currencies because with this technique I normally just trade 2 or 4 sometimes 5 pairs depending of how strong the correlation is. The extreme currencies are pretty solid in their spot already no need to disturb them. Please study this and you may find more setup like this and remember this is not cast in stone that it is like this al the time. Let that grey matter work sometimes, its just common sense. Thanks
Julius

http://www.forexfactory.com/attachme...1&d=1223645113
http://www.forexfactory.com/attachme...1&d=1223645124

I guess this is the rules of BUY/SELL,,,Hope T101 will correct...me

Quote
1) BUYS that jumps up === BUY (if buy jump to profit you buy)
2) SELLS that jumps down=== BUY (if sell jump to loss you buy)
3) BUYS that jumps down === SELL (if buy jump to loss you sell)
4) SELLS that jumps up === SELL (if sell jump to profit you sell)
  • #411
  • Oct 10, 2008 9:35pm Oct 10, 2008 9:35pm
Quoting Jack2000
T101, Thank you for the explanation of jumping pairs (Tandem). I have a question for managing the profit, do you put EA (2Protectaccount) as soon as you open the trades? or do you put EA until the trades turn to profit? Thank you
The 2protectaccount not only locked your profit but also protect you from to much loses. If you are babysetting your trade this EA is not required but if you are leaving your trade it is important that it is on all the time. Also It guards your account for sudden spike that we dont know broker might throw once in a while.
  • #412
  • Oct 10, 2008 9:36pm Oct 10, 2008 9:36pm
Quoting sonicdeejay
I guess this is the rules of BUY/SELL,,,Hope T101 will correct...me
Yes it is.
  • #413
  • Oct 11, 2008 10:45am Oct 11, 2008 10:45am
Please check out the latest changes to my IA Monitor program. It is an external to MT4 windows program, which takes its data from MT4 by an indicator that exports history/quotes.

I have been slowly adding functionality. The Original Pairs version now has custom audio alerts. The IBFX version will be updated soon to include audio alerts.

I have been contemplating a multiple timeframe version, but it is going to take quite a bit of real estate on your screen. I think my solution will be to make it an optional window which you can turn on and off at will.

Please download from here and make suggestions comments there, not on this thread. Thanks Julius for your ground breaking T101 methodology.

Carl

Quoting trader101
Ok i will start with discussing the Orest indic:
It is very slow in updating the current situation and it is being out run by the the Carl Monitor. Orest has an assortment of column that makes it very slow to update also the problem of using it with FXpro still exist. The counting of pips is not consistent. I think i will use the old way for now until someone update that or ill do it myself.
  • #414
  • Oct 11, 2008 11:16am Oct 11, 2008 11:16am
Hi,

My Marathon is Finished.I went threw the old threat and this one.

Thank you Julius.I got few question but I guess I should read my book marked posts again

The only thing which I don't understand and I want to ask you because it's fresh here is about post #385 which you explained about Jumping pairs.

I see the prices you traded the pairs is not for Oct 6.actually they are mostly around Oct 10.

So I am wondering were you waiting for moving Anchor pair(gbp/chf) to one level below?


Again thank you .
Mike

P.S. If any other friends here could clarify that for me please do so
Failure, is a wonderful teacher!
  • #415
  • Oct 11, 2008 3:27pm Oct 11, 2008 3:27pm
Quoting mike1349
Hi,

My Marathon is Finished.I went threw the old threat and this one.

Thank you Julius.I got few question but I guess I should read my book marked posts again

The only thing which I don't understand and I want to ask you because it's fresh here is about post #385 which you explained about Jumping pairs.

I see the prices you traded the pairs is not for Oct 6.actually they are mostly around Oct 10.

So I am wondering were you waiting for moving Anchor pair(gbp/chf) to one level below?


Again thank you .
Mike

P.S. If any other friends here could clarify that for me please do so
Yes you are right Mike those thread were done on the night of the 9th. I was really hoping that wheni screencapture the excel and wa praying very hard that my Oanda trade should follow the analysis in the excel, because i wasn intending to give a lesson on Friday. Fortunately it did. So the lesson was done using all those visual aid. The waiting of anchor pairs to be dislodge is a very profittable setup but it takes a long time to wait. In fact i am waiting for that set up also to make a new lesson on that. So at that situation the jump pairs set up happeend so is just capture it and then teach it. If you look at the that was agreesive anticipation tha at that time the GBPCHF is the anchor however it is being weaken for the ff reason.

a) Other Columns have GC in the lower slot. so it follows that it is about to move down so i take advantage of such. AS a trader wehave some system but common sense sometimes prevails becuse of experience. It is like going off road even if there is a road because we know we cuold reach there earlier. The danger for unfamiliar is it might led to disaster. so just follow the road by dont blame some to go offroad. They have a sense of adventure and is willing to risk to know something. Trading is about taking risk.
Julius
  • #416
  • Oct 11, 2008 8:38pm Oct 11, 2008 8:38pm
I am an old man and an idiot, an old idiot. Thank you very much Trader101 to open another new thread for idiots.

It took me very long to go through all the previous/present threads/posts. I am still trying very hard to understand everything fully. May be by asking some idiot question will help my understanding some how.

I put my question in the following picture. May be because I already too old to monitor and trade so many pairs. Since the Anchor pair is the most important, it should be the pair that give highest probability and generate the most profit, am I right? I don't mind leaving the rest of money on table
Attached Image
  • #417
  • Oct 11, 2008 10:04pm Oct 11, 2008 10:04pm
TickJob
Base on your illustration, you dont have to wait for the GBPUSD to reach the middle part of trade if the position of GbpUsd will be occupied by any green pairs this is the dislodging of anchor.and that is a signal to us the the anchor is now ready to go down,. In your illustration showing the GU at the middle part, is not a good time to trade the GU since if GU is in that position it move will be 50-50 to go down or go up. Unlike the dislodging it has only one move that is going down.
Thanks
Julius
  • #418
  • Oct 11, 2008 10:43pm Oct 11, 2008 10:43pm
Trader101,

I paste the old posts below, may be I misinterpret the last sentence.

OK. now I understand that last sentence is not equivalent to say the Anchor pair move to the middle. The red conditions below are more than sufficient for the signal.

Is it better to trade 14 lots all on the dislodge Anchor pairs, insteads of all other pairs, ie. if Anchor GBPUSD dislodge then 14 lots GBPUSD?


Quote
example (the perfect setup)

Pair Profit
Sell GBPUSD 500
Sell EURGBP 450
Sell GBPCHF 400
Sell CHFJPY 350
Sell AUDJPY 300
Sell EURJPY 250
Sell USDCHF 200

Buy CADJPY -200
Buy AUDUSD -250
Buy USDJPY -300
Buy EURUSD -350
Buy EURCHF -400
Buy GBPJPY -450
Buy USDCAD -500

In this setup GU and UC are the anchor pairs.
1.When UC jumps up and switches places with GJ, this is an indication of trend reversal.
2.When GU jumps below EG this is another indication of trend reversal.

3.When both 1 and 2 jump its an even better indication of trend reversal.

4. Since the sells are on top and the buys are on bottom, the trend will be leaning toward the LONG direction when entereing all pairs.

Trader101 Post 289
Hello
Luke you have explain it well, although i just have a few addition:
The example that you show. The safe LONG trade is when UChf reaches the
bottom Achor OR teh CadJpy reached the top anchor.
  • #419
  • Oct 11, 2008 11:33pm Oct 11, 2008 11:33pm
Quoting TickJob
Trader101,

Is it better to trade 14 lots all on the dislodge Anchor pairs, insteads of all other pairs, ie. if Anchor GBPUSD dislodge then 14 lots GBPUSD?
It is very well explained in your last post with the quote. You seem to be confused with trading 14 pairs all at once. I'll send you a pm maybe I find a way to explain it to you.
  • #420
  • Edited 6:13am Oct 12, 2008 1:31am | Edited 6:13am
Thank you very much Pipo.

I summarise in below picture what I understand from your pm, hope that it is right now for trading all pairs.

Quote
Abstract from Pipo PM:
Now you have 2 groups of currencies Buy and Sell settled and separated to their own on the top and bottom half.

Excample buys are at the bottom and one of the buys moves up all the way to the top to dislodge the anchor position of the sells then then it is a safer signal to trade all 14 pairs long as the buys will getting stronger and the sells weaker.

This works also the opposite the other way around.

Lets say you have a strong downtrend and all the buys are on the bottom and all the sells are on the top. That trend can continue and the anchor positions are only changing within the group

If it dislodges within the group by the the same group member itcan be seen as a sign of weakness, a trend change or retracement.

If the opposite group also chances the anchor position within their own then the possibility of a trend change is getting stronger also it still could be only a retracement and the all over trend continous then in the same direction

To enter a trade with all 14 pairs at his stage is still very risky. You have to see the other group taking over ther anchor position of the opposition.

To trade a single currencies you trade the2 jumpers from one side to the other in the middle part.
That is then a different system which trader101's discript some in one of his threads
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