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Simple Trading Method with trader101

  • #2,081
  • Oct 7, 2008 5:49am Oct 7, 2008 5:49am
hi everyone, this is my first post here.

I have read through all the posts on this thread, and have set up my demo account yesterday, loaded the scripts and indicators, but I am still not fully understanding the system.

I let my demo account with all 14 pairs settle from when I loaded it at 11:00pm UK time Sunday night.

It started off a mess with the 7 buys and sells mixing up. Today though all the buys have settled on the bottom with sells on top, but the profit figures are all mixed up. I've got + and - pips mixed in with one another.

The Orest indicator shows a strong buy.

I am confused as to how to trade this and in what direction. I have attached a couple of files so you can see what I am seeing.

Any help will be greatly appreciated.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chris.gif Size: 61 KB
Click to Enlarge Name: chris1.gif Size: 39 KB
  • #2,082
  • Oct 7, 2008 6:05am Oct 7, 2008 6:05am
Quoting Ronald Raygun; <br /> <br /> All bits aside, there are three main modules I need to come up with:[LIST=1
[*]Order Ranking - Determine a starting price and from there determine the current ranking of each pair.[*]Signal generation - This system looks for changes in the overall market. What defines a buy/sell order?[*]Signal execution - Placing 14 Buy/Sell orders reliably is a daunting task in itself.[/list]#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.
Hi Ronald,

This is music to my ears. Let's continue exploring this off thread. Number One is easily accomplished with an MTF heatmap. Two includes market entry and defined take profit strategies.

Prosperous regards,

George
  • #2,083
  • Oct 12, 2008 1:52pm Oct 12, 2008 1:52pm
Due to numerous PM that I am receiving and I am getting tired of answering them..LOL (actually I am enjoying it) I have done the following:

1) Update the miniAccountProtect to rev 1 miniAccountProtect[1] – I revised the SL from 56 to 100, all the rest of the settings remains the same.

2) Update the 2ProtectAccount to rev1 2ProtectAccount[1] – I revised the SL from 560 to 1,000, all the rest of the settings remains the same.

Enjoy these Tools. Keep PMing me and if I find your request reasonable., Ill do it

Julius
  • #2,084
  • Oct 22, 2008 6:46pm Oct 22, 2008 6:46pm
Many readers of this system are asking where did we go?

To a smaller stage temporarily:
http://www.forexfactory.com/showthread.php?t=57375
  • #2,085
  • Nov 18, 2008 10:06am Nov 18, 2008 10:06am
All closed thread are now being reopened.
Julius
  • #2,086
  • Dec 21, 2008 1:05pm Dec 21, 2008 1:05pm
There are some questions that had been raised as to how are the pairs in the universal pairings have been selected;

The Buy Pairs
1. GBPUSD
2. EURGBP
3. GBPJPY
4. USDCHF
5. NZDUSD
6. AUDJPY
7. EURJPY
Summary of Buy pairs. (Cancell out same pair in opposite column)
1GBP : 1USD
2EUR : 1CHF
1NZD : 3JPY
1AUD :
-------------
The Sell Pairs
8. EURUSD
9. USDJPY
10. AUDUSD
11. NZDJPY
12. GBPCHF
13. CHFJPY
14. EURCHF
------------
Summary of Sell pairs. (Cancell out same pair in opposite column)

2EUR : 1USD
1AUD : 3JPY
1NZD : 1CHF
1GBP :
Notice the summary of the two sets of pairs. They are equal hence, they cancelled out, Giving you a hedge pairs. This kind of hedge is not actually perfect because the lot size is not taken into consideration.

These 14 pairs are the most i can make for any brokers offered traded pairs. If you can make more than the pairs presented here, provided the sell number should be equal to the the buy pairs with no duplication that would be better pairings.

Also note that correlation among the pairs is not an issue in this system. Some thought that correlation among pairs over time will render this system erronous.

Happy Holidays to all

Julius
  • #2,087
  • Dec 21, 2008 3:25pm Dec 21, 2008 3:25pm
Trader 101 you are a generous soul!
Also all the others who have worked so hard and shared it with the world.

It warms my heart to see the sharing that you and others have done here and may your lives be greatly enriched for all time!

Now, lets tackle the Forex beast and get rich!
  • #2,088
  • Dec 22, 2008 10:51pm Dec 22, 2008 10:51pm
Happy Holidays to you Julius, its nice to read you again..... and again Thanks a lot for your sistem!!
  • #2,089
  • Dec 23, 2008 7:58am Dec 23, 2008 7:58am
Quoting trader101
There are some questions that had been raised as to how are the pairs in the universal pairings have been selected .....

Thanks Julius.
  • #2,090
  • Dec 23, 2008 12:12pm Dec 23, 2008 12:12pm
Thanks again for the Basket selection rules Julius... I was overcomplicating it.

I have included a spreadsheet that only needs the curreny pairs entered, along with the spread. You can also enter the 100 Day ATR value if you wish (a less broker specific value).

I am writing a DB app that will compare all currency pairs ( of a specific broker ) according to your criteria and hopefully output a list of all baskets that fit. Though I think you have covered the best sets with the current Universal (IBFX) pairs.

I have decided to only use the Majors. but may look into the exotics if anyone thinks it may be useful.

The Table on the right side of the sheet is not really necessary... that was the way I was originally going with the comparisons for the Buy and Sell sets ... but I left it in so you can see what currency contributions are being made.

Thanks again Julius.
Attached Image (click to enlarge)
Click to Enlarge Name: Universal Pairs Evaluation SS image jpeg.JPG Size: 293 KB
Attached File(s)
File Type: xls Basket Pairs Evaluation.xls   69 KB | 2,567 downloads
  • #2,091
  • Apr 28, 2009 12:34pm Apr 28, 2009 12:34pm
Trader101 - thanks for agreeing to open a FREE skype forum and for accepting me as the first member. I hope that you will continue educating us in your great system.

I have the link below for those interested to join..once in the room be patient and wait for t101 to accept you. People.. this is a great opportunity that the man agrees once again to commmunicate with us. Let us not screw this up again.


http://www.skype.com/go/joinpublicch...s6-pSB65lhUZ8U


Joven
  • #2,092
  • Apr 29, 2009 12:12am Apr 29, 2009 12:12am
Thanks Joven for getting Trader 101 agreed to open a public forum again... i know it would be a very difficult task for you.

& many many thanks to Trader 101 for giving us one more chance to learn his method.

I am sixth member in group.

Thanks

Manish
  • #2,093
  • Apr 30, 2009 3:39pm Apr 30, 2009 3:39pm
I just realized that the new version of skype does not support the public chat anymore. But you can download the old version of Skype 3.8.0.188. You can download it at this website: http://www.oldapps.com/skype.php?old_skype=76.

Please note that you have to uninstalled first any later version of Skype you have before installing the version 3.8.0.188.

Quoting Dkny
Trader101 - thanks for agreeing to open a FREE skype forum and for accepting me as the first member. I hope that you will continue educating us in your great system.

I have the link below for those interested to join..once in the room be patient and wait for t101 to accept you. People.. this is a great opportunity that the man agrees once again to commmunicate with us. Let us not screw this up again.


http://www.skype.com/go/joinpublicch...s6-pSB65lhUZ8U...
  • #2,094
  • May 12, 2009 11:21am May 12, 2009 11:21am
Hello Everyone,

If at all possible, I'd like to join in the Skype chat sessions.

Thank you very much.

Mark
  • #2,095
  • May 22, 2009 11:47am May 22, 2009 11:47am
Can someone suggest a us broker which offers all these pairs, thanks?
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  • #2,096
  • May 22, 2009 12:14pm May 22, 2009 12:14pm
Quoting pipsr4kids
Can someone suggest a us broker which offers all these pairs, thanks?
101 system finally settled for pairs available on IBFX
"Put all your efforts in becoming effortless"
  • #2,097
  • Jun 8, 2009 9:04pm Jun 8, 2009 9:04pm
A true test of any system is how long it is used.
  • #2,098
  • Jun 9, 2009 7:56pm Jun 9, 2009 7:56pm
Thanks to Julius & Family.


I am quite puzzle here, how could you get this system?
It really amazing technique!

It surprised lot of my freinds.
Presently we build one team to trade exactly as your system.



MALAYSIA MEMANG BOLEH!
saifulsyn (skype,YM,gmail & yahoo mail)
  • #2,099
  • Jun 12, 2009 2:01am Jun 12, 2009 2:01am
I think this system can be improve by some correlation multiplyers
  • #2,100
  • Jun 12, 2009 4:59am Jun 12, 2009 4:59am
Julius/trader101,
i've visited this thread a couple of times. to be honest, i had my eyes on this thread as i know it has its merits. but i did not know a fellow Filipino is behind it.

Happy Independence Day!
Certainly, u have made the Philippines proud, with your generosity here in FF!


God bless & do visit & post from time to time.
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