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Signals for Simplicity

  • #881
  • Nov 3, 2008 3:05pm Nov 3, 2008 3:05pm
Quoting trader101
Guys,
I am implementing what we discuss. Remember that this trend flow identification could give us no less than a 1000 pips a day. See attached sample of todays trade.
..................

Also take note that this a long term trading. The DD is almost neglegible.
Julius
Hello T101,
Would you please tell me the setting in the M5 Basket_Indicator? I tried several combinations but it not close to yours.

Thank you for your generousity.
Happy pippin' to everyone.
Attached Image
  • #882
  • Nov 4, 2008 10:28am Nov 4, 2008 10:28am
What an amazing day to go LONG the basket. The EUR, GBP, NZD and AUD group have dominated JPY, USD, and CHF since the London session started today. I am already up a bunch of pips and locked on to the first 500 and I got in late. Some of you guys must be swimming in pips by now.

Slade
  • #883
  • Nov 4, 2008 10:31am Nov 4, 2008 10:31am
Quoting slade
What an amazing day to go LONG the basket. The EUR, GBP, NZD and AUD group have dominated JPY, USD, and CHF since the London session started today. I am already up a bunch of pips and locked on to the first 500 and I got in late. Some of you guys must be swimming in pips by now.

Slade
3,500 pips going to 4,000 pips
  • #884
  • Nov 4, 2008 10:36am Nov 4, 2008 10:36am
Quoting slade
What an amazing day to go LONG the basket. The EUR, GBP, NZD and AUD group have dominated JPY, USD, and CHF since the London session started today. I am already up a bunch of pips and locked on to the first 500 and I got in late. Some of you guys must be swimming in pips by now.

Slade
Tell me about it . Closed the Short from yesterday, and now in for the LOOONG one. Though dangerous, I opened a real trade after the first wave and already got 2$ and going (hey, that's for 4 pairs each 100 unit, that gotta measure for something!). Too bad I can't lock the profit. Manual to the end .

Thank you, T101. The weeks spent for this system is more than worth it . Got to brave myself to go real with the straight 14 pair.
  • #885
  • Edited 3:24pm Nov 4, 2008 12:07pm | Edited 3:24pm
Quoting trader101
3,500 pips going to 4,000 pips
Quality of a good leader.Leading by example.Resourceful, focus and purposeful. More pips to your palm.
  • #886
  • Nov 4, 2008 12:35pm Nov 4, 2008 12:35pm
Quoting trader101
3,500 pips going to 4,000 pips
Bravo! I knew you were riding this one too T101. I am still in the trade myself. Topped out at around 1500 pips, but now back down to 1100.

DarkSoul, why dont you use T101's Protect Profit EA? There are also some other EA's on the various T101 forums that you can use to lock in your profits (like a trailing stop) and another one that lets you close out when a certain $ target is reached. But at the same time, I understand that you would want to manually babysit a 1000 pip trade!

Slade
  • #887
  • Nov 4, 2008 12:48pm Nov 4, 2008 12:48pm
Quoting slade
Bravo! I knew you were riding this one too T101. I am still in the trade myself. Topped out at around 1500 pips, but now back down to 1100.

DarkSoul, why dont you use T101's Protect Profit EA? There are also some other EA's on the various T101 forums that you can use to lock in your profits (like a trailing stop) and another one that lets you close out when a certain $ target is reached. But at the same time, I understand that you would want to manually babysit a 1000 pip trade!

Slade
To my use MT4 is good for the indicators only, my broker is Oanda. That's actually part of the reason why I trade 4 pairs only for the late entry, it takes time to manually put a market order for all 14 pairs and the trend is pushing up really fast .
  • #888
  • Nov 4, 2008 11:09pm Nov 4, 2008 11:09pm
So sad !!
  • #889
  • Nov 5, 2008 12:12am Nov 5, 2008 12:12am
To anyone out there who is having success trading this method could you please help me using the profit calc to determine when the market is ranging. Listed below is how it was explained some where in the thread. I am not sure i fully understand so just looking for clarification.


Do not trade if total Buys + Total Sells <=700*lotsize (Absolute Values).ex 700 *0.1lot = 70 Where did 700 come from?
BuyProfit + SellProfit > 700*lotsize
ProfitBuySide = -35
ProfitSellSide = +45
Diff w/o swap = +10

BuyProfit + SellProfit = 80 How was 80 acheived (-35)+45= 10 ? and it is greater than 700*0.1 so you confirm the SELL and it is Strong. You see any blue jump down then start a sell trade. Buy/Sell is confirmed by the side which has the + value and when buyprofit+sellprofit>700*lotsize ?

So this is my understanding of using profit calc correctly to gage the market. The IA was setup as mini acc using 1 lot trades
1 lot 700*1=700 (if IA traded at .1 lot then the value to beat would be 70)
ProfitBuySide = 1870.87
ProfitSellSide = -1688.72
Diff w/o swap = 182.15
Trend Long(strong)

All buys at top all sells at top the ideal setup
14 SHORT when buy anchor dislodges by sell or sell anchor by buy
Diff w/o swap >700
total sells have + value which confirms sells
If the dislodging of the anchors happen when the Diff w/o swap <700 market is ranging so no trading 14 pairs may trade jumpers or tandems
  • #890
  • Nov 5, 2008 1:35am Nov 5, 2008 1:35am
one day-32500 pips,36 tools.good sistem
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  • #891
  • Nov 5, 2008 6:40am Nov 5, 2008 6:40am
Quoting slade
Bravo! I knew you were riding this one too T101. I am still in the trade myself. Topped out at around 1500 pips, but now back down to 1100.

DarkSoul, why dont you use T101's Protect Profit EA? There are also some other EA's on the various T101 forums that you can use to lock in your profits (like a trailing stop) and another one that lets you close out when a certain $ target is reached. But at the same time, I understand that you would want to manually babysit a 1000 pip trade!

Slade
Hi Salde,

Would you tell us what did make you to pull the trigger for Long?

Thanks
Mike
Failure, is a wonderful teacher!
  • #892
  • Nov 5, 2008 7:02am Nov 5, 2008 7:02am
Quoting zznbrm
Anyone care to explain how the brokers are countering the system?
Even if the brokers started countering an all out 14 pair buy/sell basket, it doesn't seem like they can stop you from scaling into a basket trade. Maybe you wont be able to load the boat with all the pairs, but if you can get the major gainers from the BUY and SELL group on board, that would still allow you to bank your pips.

Slade
  • #893
  • Edited 7:14am Nov 5, 2008 7:11am | Edited 7:14am
Quoting mike1349
Hi Salde,

Would you tell us what did make you to pull the trigger for Long?

Thanks
Mike
It was an all out reversal from SHORT (Strong) to LONG strong on Orest 1.14, which started with the smallest time frames and worked its way up through all recent time frames I was looking at - 30M, 1H, 2, 4, 12, starting at about 11:45pm EST on Monday night. I wasn't trading the session, but I have my little screen shot video capture movie that I watched when I woke up Tuesday morning. Eur,Gbp,Nzd,Aud were dominating the Jpy, Usd, Chf group and I waited for a pull back, which showed up as a stall (NONE) on the indi and then resumption of LONG on all time frames, so I entered all LONG and followed the trade until 30M and 1H went SHORT (Strong), then looked at my EURJPY chart and found the most recent support level that seemed to hold the price and made that my bail out point. Once the price broke support, I attached my close all trades EA to the chart and bailed. The reversal is not my preferred way of entering basket trades (only because I am not as comfortable with it yet....though it seems like T101 does it all day long very profitably), but this one was hard to pass up because the broader trend of the group pairs (EGNA - up, JUC down) mentioned above was so strong.

Slade
  • #894
  • Nov 5, 2008 7:39am Nov 5, 2008 7:39am
I just lost more than 50% of my live account last night. Too bad i dont have a demo with this broker, so i have to review everything candle by candle before i could file a complain. But a review with the parallel broker clearly show this is some manipulation, no explanation yet. First time it happend to me. How could i lose several thousand dollars if i am just trading 0.1 lot on a basket, several attempt made by the EAProtect was ignored by the server. Then there was this suspicious "No connection" for several hours. I really dont know until i file a complain and they review what happend. i hope it will favors me(doubtful).
  • #895
  • Nov 5, 2008 8:00am Nov 5, 2008 8:00am
Quoting trader101
I just lost more than 50% of my live account last night. Too bad i dont have a demo with this broker, so i have to review everything candle by candle before i could file a complain. But a review with the parallel broker clearly show this is some manipulation, no explanation yet. First time it happend to me. How could i lose several thousand dollars if i am just trading 0.1 lot on a basket, several attempt made by the EAProtect was ignored by the server. Then there was this suspicious \\\\"No connection\\\\" for several hours. I really dont know until i file a complain and they review what happend. i hope it will favors me(doubtful).
I wish you luck with that.

I traded the 14-pair basket a few times. However, I stopped doing so for this exact reason. The final straw was when I was up 400+ pips and tried to close my positions during a volitile time. Over 30 minutes later (due to continuous re-bids and lost connections), I finally closed the positions, but profit was down to 300 pips. This situation did not have a huge impact THIS TIME, but it showed me a potential crushing flaw with basket trading - with 14 trades, there is just too much exposure and you are really at the mercy of the broker and technology to close the positions.

I will continue to trade the 1 or 2 best pairs in the basket, as determined by the method.
  • #896
  • Edited 8:04am Nov 5, 2008 8:01am | Edited 8:04am
T101, this is a very disturbing development. I hope you can get to the bottom of what happened, though I am not optimistic either that it will be resolved in your favor given the way most brokers operate.

I am seriously considering just moving into what I would call Plan B (mentioned above) - trade only the big gainers of the basket on the buy and sell side AND/OR to trade the tandem method, as suggested by zznbrm above.

If the brokers counter Plan B, I would implement Plan C, which is to trade only one pair = EURJPY (or if you can handle bigger spreads, you can try GBPJPY or AUDJPY). If the broker counters this, then change your broker.

The basket method IA is still the best leading real time indicator out there. Unless the brokers wipe out our accounts completely, the method is still viable and there is no reason to go back to the lame indicators that the brokers give us, which still give the brokers an edge over most of us.

Slade
  • #897
  • Edited 1:26pm Nov 5, 2008 8:34am | Edited 1:26pm
Very very disturbing indeed. I remember a trader ask me about if this could happpend? My respond was "give your broker the benefit of the doubt, its not like they are huntig our stops or deliberately ignore closing request when you are losing or something else". Now that this happend to me, just be careful out there. We are naive if we think this is not going to happend. They dont have to do this several times, just one time and its all over with your account. This really put a damper to my live trading or even trading with bucketshops.

Slade -- my problem with trading single or tandem pairs is that we are even more under their mercy. I think same thing could happend, if they want to do it, they will do it. Just wondering how many of this account they "do" in a day??
  • #898
  • Nov 5, 2008 10:07am Nov 5, 2008 10:07am
I think a large problem with this is due to some low liquidity as the world waited for election results.

Since the first polls closed at 7pm EST, I've made over 350 pips on EU alone, actively scalping. All of my EAs I switched to demo, and--as I predicted--they were hemorrhaging money because of a change in the market.

This is the sort of situation where it probably wasn't a good idea to trade the basket. Yesterday had all the makings of bucketshop.
  • #899
  • Nov 5, 2008 10:08am Nov 5, 2008 10:08am
T101, I am shocked by your incident.

You must have used a bad broker.

At your capital level, I think that maybe you would consider to assemble a large capital (over 100k) and use a good broker with high entry requirement(unlike oanda, IBFX or FXCM, these retailers grab every cent they can reach). Some European/swiss brokers they open an account with at least 10k or 50k, and they seem trustworthy to me. I don't mention their name here so that not like a scam. check your pm.

Just my 1 cent.

Good luck with your investigation

Quoting trader101
Very very disturbing indeed.
  • #900
  • Nov 5, 2008 10:09am Nov 5, 2008 10:09am
about the broker ignoring your account protect ea, you can do double protection by using trailing stop loss combined with account protect ea. I always set 100-150 pips trailing stop loss to counter this problem. That "thing" happened to me once.
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