Signals for Simplicity | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

Why are we afraid of simplicity? 96 replies

Daily Scalping the Asian High and Asian Low 2 - You want simplicity? 184 replies

Elite's Simplicity: Cognitive Process of Technical Analysis (The holy enlightenment) 21 replies

The Journal of Simplicity Trade 12 replies

Attachments: Signals for Simplicity
Exit Attachments

Signals for Simplicity

  • #621
  • Oct 20, 2008 11:47am Oct 20, 2008 11:47am
For those that can be interested , i posted the files in CDAVID thread:

Setting up the Basics for Trader101 style trading.

(sorry but i wasnt able to create the link)


Its unfinished works so i hope that smart guys like Cdavid or Luke will want to push it on

Cheers to all
  • #622
  • Oct 20, 2008 11:51am Oct 20, 2008 11:51am
Quoting corvogrigio
For those that can be interested , i posted the files in CDAVID thread:
Setting up the Basics for Trader101 style trading.
(sorry but i wasnt able to create the link)
Thanks Franco!

Here's the link
  • #623
  • Oct 20, 2008 12:15pm Oct 20, 2008 12:15pm
Just a bit of caution to those who have been jumping from one system to another. You cannot improve your trading performance by doing that. You should be focusing on one system at a time. Learn all the ins and outs of one system for the meantime, trade it and focus on it for about a month then made your conclusion is this method for you, if not then move to the next system and start the process all over again. I know that multi tasking is now the new trend especially the younger generation, doing homework while playing you DS and listening to music while watching football on the TV. Take it from an old trader like me, that is not going to work on trading. I do not want you to loss you hard earned money.
  • #624
  • Oct 20, 2008 12:33pm Oct 20, 2008 12:33pm
that is how mine works BUT

it doesn't matter because that link took us to the very chart ForexFlash said it wasn't.

forexflash could give us the link himself i suppose . . .

Quoting SpamHam
I downloaded the profit chart but I cant even get it to run, it's suppose to be in the indicators folder right? I'm using fx pro--

could someone please answer me on this one? and is this setup like the buysell basket?

thanx--!
  • #625
  • Oct 20, 2008 1:25pm Oct 20, 2008 1:25pm
Are we switching to just the IBfx pairs now? If they are universal then it makes complete sense. I just want to be on the same page with everyone.
  • #626
  • Oct 20, 2008 1:28pm Oct 20, 2008 1:28pm
Here is the indicator that everybody search!!! (it is for ibfx pairs)
Attached File(s)
File Type: mq4 ProfitChart.mq4   3 KB | 882 downloads
forexflash
  • #627
  • Oct 20, 2008 2:59pm Oct 20, 2008 2:59pm
JimFX,

I think I may have been the first to suggest that the IBFX basket is basically a composite of the EUR/JPY, although Julius obviously knew that in selecting the pairs. You can see this for yourself just by breaking down the 14 pairs and looking at what you are buying when you buy and what you are selling when you sell all 14 pairs. When you BUY all 14, you are mainly betting on the EUR and the GBP, then the AUD and the NZD (which seem to move together). When you sell, you are betting mainly on the JPY and USD, followed by the CHF. Count them up and you will see what I am saying.

Based on my rather limited time with this system (2 weeks now), I have also observed what you have stated, namely, that the AUDJPY is a top pip performer..whether you are buying or selling, its very volatile and is collecting a lot of pips in the process. The GBPJPY is also a top performer of late and seems to spend a lot of time in the anchor position. But there are others too.

But at the same time, I see what Julius is saying about spreading out your risk and it makes sense to me. You can throw all of your money at one pair if you wish but you may be on a roller coaster ride throughout the week. Buying and Selling all 14 pairs should smooth out your ride a little more. And just because one pair is a top performer this week, it may not be in the weeks that follow.

I like Julius' basketball analogy. Why bet on Kobe when you can bet on the whole Laker team?.....although perhaps last year you would have done better if you had bet on the Celtics last year...he he he...But all kidding aside, you can extend the analogy even further by saying that although the team actually wins the game as a group, each team will have several players that will carry most of the weight and score most of the points...such as Kobe. While they are usually consistent from game to game, they will have bad games as well and will not score as many points. This is where others may step in and take over the job of scoring the points...if the team is to win.

I haven't even started to do the pip count, but based upon my bservations, I would think that the top performers would be:

AUDJPY, GBPJPY, EURJPY, GBPUSD and NZDUSD in Group One (BUYS)

AUDUSD, NZDJPY, EURUSD, GBPCHF, and EURCHF in Group Two (SELLS)

This is just based upon the balance within the IBFX hedge. And of the two groups, my guess (esp. from what I have seen over the past 2 weeks) is that Group 1 pulls more pips than Group 2.

Slade
  • #628
  • Oct 20, 2008 3:44pm Oct 20, 2008 3:44pm
Quoting trader101
I am about to give up on this FXPro digits problem. I am testing this new logic, some programmer , i dont know if this sample will be ok logically


int digits = 2;

ucProfit = NormalizeDouble( (iClose(\"USDCHF\",Period(),i)- iOpen(\"USDCHF\",Period(),i))/0.0001, digits);
ajProfit = NormalizeDouble( (iClose(\"AUDJPY\",Period(),i)- iOpen(\"AUDJPY\",Period(),i))/0.01, digits);

Still internet problem, now i have DDE problem, nothing seems to be working this week. Also I am down on both platform by at least $500.
Julius
Use
NormalizeDouble((iClose("USDCHF", Period(),i)-iOpen(USDCHF",Period(),i))/ MarketInfo("USDCHF",MODE_POINT),digits);

This is if you want it lock to a certain number of digits for the normalize function. But the MODE_POINT will avoid any conflict if the pairs are changed, or the number after the dicimal being different including 5 digits after the decimal qoutes.
  • #629
  • Oct 20, 2008 3:59pm Oct 20, 2008 3:59pm
Quoting smjones
Use
NormalizeDouble((iClose(\"USDCHF\", Period(),i)-iOpen(USDCHF\",Period(),i))/ MarketInfo(\"USDCHF\",MODE_POINT),digits);

This is if you want it lock to a certain number of digits for the normalize function. But the MODE_POINT will avoid any conflict if the pairs are changed, or the number after the decimal being different including 5 digits after the decimal qoutes.
Please let me know if I am mistaken;
Although it is difficult to read the FxPro output . . .
if there are 2 digits . . . say64
then the actual number is 6.4
14409 is 144.09.
although inconvenient, isn't it the same?

Or does it screw with internal calculations
Thanks
Mark

(I refer to the orest indicator interpretation of the FxPro feed)
  • #630
  • Edited 7:17pm Oct 20, 2008 4:05pm | Edited 7:17pm
Quoting markbcool
Please let me know if I am mistaken;
Although it is difficult to read the FxPro output . . .
if there are 2 digits . . . say64
then the actual number is 6.4
14409 is 144.09.
although inconvenient, isn't it the same?

Or does it screw with internal calculations
Thanks
Mark

(I refer to the orest indicator interpretation of the FxPro feed)
Almost correct

NormalizeDouble(.....,2) will leave 2 digits after the decimal point and throw the rest away.

In your example if you had a qoute of lets say 1.12345 If you devide that number by the function MarketInfo(the symbol name, MODE_POINT) you would get the following equation.
1.12345 / 0.00001 = 112345
If you are trying to work with only the symbol on the chart that the indicator is attatched to you can just use Point. However, until one is proficient at MT4 programming use the MarketInfo("EURUSD" or what ever symbol you want, MODE_POINT)

So in summary, NormalizeDouble(1.12345,2) = 1.12



double eurusd = 1.12345

Normalize ( eurusd/MarketInfo("EURUSD",MODE_POINT),2)
is equated to
MODE_POINT or 0.00001 is the number of digits after the decimal for this quote
NormalizeDouble(1.12345/0.00001, 2)

112345.00
  • #631
  • Oct 20, 2008 7:41pm Oct 20, 2008 7:41pm
Hello Julius & others,

I saw that there were posted lots of indicators and EA's and updates of them on the closed thread so I got confused which files you are using now.

So my question is, do I only to use the files posted in the 1st post of the closed thread Simple Trading Method with trader101? And are those files the most recent (updated) ones?

I use Alpari and have 5 digits so I hope they are working on that one.

Thanks in advance!
  • #632
  • Oct 20, 2008 8:03pm Oct 20, 2008 8:03pm
Quoting artov
Hello Julius & others,

I saw that there were posted lots of indicators and EA's and updates of them on the closed thread so I got confused which files you are using now.

So my question is, do I only to use the files posted in the 1st post of the closed thread Simple Trading Method with trader101? And are those files the most recent (updated) ones?

I use Alpari and have 5 digits so I hope they are working on that one.

Thanks in advance!
Artov
Honestly, I dont know really what is the latest indicators that they are using, The last time i check I was using the Orest version 11 and the T101 dashboard and my own personal Profit Calc and the latest one Basket_Indicator. Another problem is they are not in one place they are all over the threads. You have to have the patinece to find them or ask someone who has time to find it for you.
Julius
  • #633
  • Oct 20, 2008 8:05pm Oct 20, 2008 8:05pm
My trading is struggling up to date i could not even get it into 1000 pips, I am still between 400 to 500 pips only. Very hard to trade. Are you guys having the same problem or its just me?
  • #634
  • Oct 20, 2008 8:46pm Oct 20, 2008 8:46pm
Julius,
Yes, there was a quick move this morning... then nothing.

Carl
  • #635
  • Oct 20, 2008 8:54pm Oct 20, 2008 8:54pm
Quoting trader101
My trading is struggling up to date i could not even get it into 1000 pips, I am still between 400 to 500 pips only. Very hard to trade. Are you guys having the same problem or its just me?
Still just learning the basket trades.
last night 7:30 PM Ny time it started looking to me like strength was with the buys. I demo tradeds 13 long 1 short 1 lot each took a nap and came back two hours later for 7K profit (the nonIBFX pairs).

If live, I would have traded .10 lots each, but I became concerned abot the wide spreads Oanda has early on Sunday.

I liked a buy opportunity around 3PM today as well. but wasn't ready to commit real dollars to this one. So I demoed 1 lot each It was in profit before dinner but i forgot to set the 2protect EA right now it is down 120 bucks.

last week was like driving through fog for me though.

I do have a quick question.

As we will be using the Universal pairs (IBFX) for all examples her on out,
I need to tighten my optimization for the basket trades.
Are there one or two pairs that atre working best traded opposite that group?

Instead of buying all fourteen buy 12 and sell 2.

AND Thanks for the enlightenment T101!!!
  • #636
  • Oct 20, 2008 9:11pm Oct 20, 2008 9:11pm
Quoting markbcool
Still just learning the basket trades.
last night 7:30 PM Ny time it started looking to me like strength was with the buys. I demo tradeds 13 long 1 short 1 lot each took a nap and came back two hours later for 7K profit (the nonIBFX pairs).

If live, I would have traded .10 lots each, but I became concerned abot the wide spreads Oanda has early on Sunday.

I liked a buy opportunity around 3PM today as well. but wasn't ready to commit real dollars to this one. So I demoed 1 lot each It was in profit before dinner but i forgot to set the 2protect EA right now it is down 120 bucks.

last week was like driving through fog for me though.

I do have a quick question.

As we will be using the Universal pairs (IBFX) for all examples her on out,
I need to tighten my optimization for the basket trades.
Are there one or two pairs that atre working best traded opposite that group?

Instead of buying all fourteen buy 12 and sell 2.

AND Thanks for the enlightenment T101!!!
But If you did not exit then those pips is gone with the wind this morning NY open
  • #637
  • Oct 20, 2008 9:13pm Oct 20, 2008 9:13pm
Quoting trader101
My trading is struggling up to date i could not even get it into 1000 pips, I am still between 400 to 500 pips only. Very hard to trade. Are you guys having the same problem or its just me?
If you re struggling so are we

Tough day today

  • #638
  • Oct 20, 2008 9:39pm Oct 20, 2008 9:39pm
[quote=trader101;2292078]My trading is struggling up to date i could not ...

Dark day
  • #639
  • Oct 20, 2008 9:56pm Oct 20, 2008 9:56pm
Quoting trader101
My trading is struggling up to date i could not even get it into 1000 pips, I am still between 400 to 500 pips only. Very hard to trade. Are you guys having the same problem or its just me?
I'm face the same situation. 20/10/2008 just got 800pips for whole day with three trade LONG all, two trade SHORT all.

Any suggestion to improve?
  • #640
  • Oct 20, 2008 10:01pm Oct 20, 2008 10:01pm
Quoting ivanyong
I'm face the same situation. 20/10/2008 just got 800pips for whole day with three trade LONG all, two trade SHORT all.

Any suggestion to improve?
Hold on tight t the winnings now, and wait for the trend perhaps London Open
0 traders viewing now