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Simple Trading Method with trader101

  • #2,381
  • Aug 7, 2009 1:08am Aug 7, 2009 1:08am
Quoting rain_310014
hi
you are absolutely right. This week is really hard for trading except Monday.
For my IA, It has been opened on 31rd July.

It will continue until before the close of this week. For now it is struggling, but positive. There are 5 jumpers and the account is dominated by longs. I am hoping that it will reach the Ideal Position of 7 buys at the top and 7 sells at the bottom. When that happens we must be ready to shift our trades to sells because the Ideal Position is the signal we have reached the apex.

The above is from T101's document....
Oh, I see what you are saying. That's a nice catch. There are a LOT of pips to be made looking at longer term that way.

Longer term trades are the purest form of Julius' basket strategy, I think. My trader friend Russell trades with his group. They go for MUCH bigger trades and are much more precise on their entries.

Shakey
  • #2,382
  • Aug 7, 2009 5:36am Aug 7, 2009 5:36am
Many thanks, Shakey...
The next question: let's assume that we made a correct entrance and saw the first pips of profit soon. What we have to do now: if we attach 2ProtectAcc EA, our trade can be closed with small profit (due to the basket’s fluctuation). If we rely upon longer trade term and keep our trade (without 2ProtectAcc EA), we can get a very big profit as well as a very big loss. So, what is a correct way in your mind?
  • #2,383
  • Aug 7, 2009 6:43am Aug 7, 2009 6:43am
Quoting Azerus
Many thanks, Shakey...
The next question: let's assume that we made a correct entrance and saw the first pips of profit soon. What we have to do now: if we attach 2ProtectAcc EA, our trade can be closed with small profit (due to the basket’s fluctuation). If we rely upon longer trade term and keep our trade (without 2ProtectAcc EA), we can get a very big profit as well as a very big loss. So, what is a correct way in your mind?
Yeah, That's a problem. Reallly hard to see 200 pips go negative isn't it?
I really don't have good exit strategy either. I have gotten my best trades when I have just ignored it and left it alone.

Stop by once in a while and manually adjust stop, and trail it that way. I am so protective of profit, that I have a hard time letting them run. If you use the ORest for exit signal, like the hourly or 4 hour column, it seems too late. Sometimes I just close when feels comfortable.

Perhaps when one of the anchors moves off so many slots, or jumps.

I dunno. Any Ideas?


I am also thinking about using partial close. you know, close 1/2 of lot size on all basket at 200- or 300 pip profit, set S/L at something a little above breakeven, and see how far it goes.

Let's work on that.

Shakey

PS didn't trade much this week due ranging. Spent most of week standing aside. Done for the week due NFP.

had 150 pip loss
150 pip loss

400 pip win
100 pip win
net 200 pips profit live.
  • #2,384
  • Aug 7, 2009 7:59am Aug 7, 2009 7:59am
Quoting Beshakey
had 150 pip loss
150 pip loss
Looking at what did you decide to close these baskets? Or you manage S/L level in 2ProtectAcc EA?
  • #2,385
  • Aug 7, 2009 1:12pm Aug 7, 2009 1:12pm
Quoting Azerus
Looking at what did you decide to close these baskets? Or you manage S/L level in 2ProtectAcc EA?
Azerus

Sorry, I see your bewilderment. Since I am trading live, and use IBFX, I am using mini protect account which has adjustable S/L and Targets. I forgot that the 2protectaccount doesn't do that.

I think I saw some sort of trade basket manager E/A somewhere on FF a while back. If we have time, we might look around for something over the weekend that might work.

Did you make any pips this week?

Shakey
  • #2,386
  • Aug 7, 2009 2:47pm Aug 7, 2009 2:47pm
Quoting Beshakey

Did you make any pips this week?
On Monday at the begining of London session I opened LONG basket (as my indicator). Some later on Monday I opened (according to the system's rules) a Long basket which was closed by 2ProtectAcc EA with profit +150 pips. Then I opened one more which was closed with +110 pips. At the end of Monday my "indicator" had +1200 pips!

During the week I opened at the different time three Long baskets but did not attach 2ProtectAcc EA to allow profit to grow. I closed them at the end of Friday with profit +250; +210; +190 pips. It is not bad, BUT while I held positions opened, temporary losses reached -900 pips per basket.

(At the end of Friday my indicator-basket had +1850 pips).
  • #2,387
  • Aug 7, 2009 9:15pm Aug 7, 2009 9:15pm
I have set up 14 pairs at the demo account for 2 weeks .

I always miss it when the 7 pairs sell and 7 pairs are in equilibrium.

how not to miss it ?

also I always miss it when i wait for #8 position to move to #1 position
and when #7 position move to #14 position.

is this the ONLY 2 instances when we can enter all 14 pairs long or all 14 pairs short ?
  • #2,388
  • Edited 11:44pm Aug 7, 2009 11:41pm | Edited 11:44pm
Quoting webforex
.

is this the ONLY 2 instances when we can enter all 14 pairs long or all 14 pairs short ?
Hey Web, seen you around FF a lot.

A trading buddy of mine says "follow the yen"

My usual LONG signal for opening all 14 has been that at least 5 of the 7 buys are above, AND they have to INCLUDE the EJ GJ and AJ, AND the anchors have to be the right alignment buy on top sell on bottom. THis takes advantage of weak yen.

Naturally, Sell signal is same, same pairs but on sell side of border.

Hope I haven't corrupted J's system too much.

Shakey

Oh yeah, web, the crodzilla has alerts and alarms that are pretty flexible. THere is a thread somewhere about it.
  • #2,389
  • Aug 7, 2009 11:51pm Aug 7, 2009 11:51pm
Incredible number of pips, azerus. Awsome And this was on a rotten trading week.

Drawdown with this system can be frightening can't it?

Sounds like you are using pretty much the sunday IA. That,s trading this method in it's purest form.

Shakey
  • #2,390
  • Aug 8, 2009 10:09am Aug 8, 2009 10:09am
Beshakey,

IBFX is 4 or 5 digits quotes on live account ?

Thx.
Later.
Ludo.
  • #2,391
  • Aug 8, 2009 1:23pm Aug 8, 2009 1:23pm
Quoting surfeur
Beshakey,

IBFX is 4 or 5 digits quotes on live account ?

Thx.
Later.
Ludo.

Four

Shakey
  • #2,392
  • Aug 8, 2009 9:54pm Aug 8, 2009 9:54pm
beshakey :


1/ do you reset the IA every week - monday ?

2/ do you follow that 2 pair eur/usd and c/j rules on ibfx when you open 14 basket trades ?

3/ when you exit ?
  • #2,393
  • Edited 8:46am Aug 9, 2009 7:56am | Edited 8:46am
Quoting webforex
beshakey :


1/ do you reset the IA every week - monday ?

2/ do you follow that 2 pair eur/usd and c/j rules on ibfx when you open 14 basket trades ?

3/ when you exit ?
1/ Yes, update sunday at open I refer to it often but (confession time) I am not very good with it. Have troube identifying pairs, and following it. Colors are drab, and don't catch the eye. That is reason started using Orest. The THIS WEEK column seems to match IA pretty well after the IA has settled 6-8 hours.

2. Yes, tried it the other way round, but it is hard to see if it makes a difference, so I switched back. T101 knows best. Suppose should try with on one demo and without on another and see.
Reversing the CY doesn't quite make sense to me because, since for example, on a LONG the yen is being traded to be weak. switching the CY to SHORT is playing the yen strong.
Reversing the CY must have something to do with the reversal of the EU along with it, and how the CHF influences the basket. Hard to get mind around it. By the way, updated scripts for this are at post 237.

3/ I wish I knew! have left more pips on table than have taken, I think.
I have tried to kind of trail stops and seem to get stopped early. THink if I took first 250-300 pips on every trade, would be farther ahead. Have exited a lot just when comfortable. Wait for a good move and say "that's good enough" and exit.

It is a great system when you can reliably make so many pips and still have so many questions, isn't it?

Shakey
  • #2,394
  • Aug 9, 2009 4:43pm Aug 9, 2009 4:43pm
I cant keep the buys on the bottom and the sells on top. Can anyone give a good example for someone who is slow at comprehension.

Ne

Quoting Beshakey
1/ Yes, update sunday at open I refer to it often but (confession time) I am not very good with it. Have troube identifying pairs, and following it. Colors are drab, and don't catch the eye. That is reason started using Orest. The THIS WEEK column seems to match IA pretty well after the IA has settled 6-8 hours.

2. Yes, tried it the other way round, but it is hard to see if it makes a difference, so I switched back. T101 knows best. Suppose should try with on one demo and without on another and see.
Reversing the CY doesn't quite make sense to...
  • #2,395
  • Aug 10, 2009 1:00am Aug 10, 2009 1:00am
http://cloud.forexfactory.com/images/attach/mq4.gifTradeHedge.mq4http://cloud.forexfactory.com/images/attach/ex4.gifProfitCalc_R3.ex4 http://cloud.forexfactory.com/images/attach/ex4.gif2ProtectAccount[4a].ex4 http://cloud.forexfactory.com/images/attach/ex4.gifminiAccProtect.[4a].ex4

I put the 4 indicators above on the experts/scripts folder - do not work.

are they suppose to be scripts or indicators ?

also i tried to set up IA using tradehedge but it cannot open 7 buy pairs and 7 sell pairs at the same time

i have to set up IA manually.
  • #2,396
  • Aug 10, 2009 1:44am Aug 10, 2009 1:44am
They are not indicators.

TradeHege is script file, and the others are EA.
  • #2,397
  • Aug 10, 2009 1:52am Aug 10, 2009 1:52am
there is a script for mini IBfx mini accounts
Attached File(s)
File Type: mq4 mIBFX_hedge_optimized.mq4   5 KB | 968 downloads
  • #2,398
  • Aug 10, 2009 4:38am Aug 10, 2009 4:38am
Please do not start it again. I am getting tired of reminding you that you start reading and stop making repeat question. Webforex and Nene i will let you go this time. Another repeat questions from you and you will not post again here. Also this method is not for newbie who do not want to read. If you want to be here then you should read the whole thread before posting here. I hope that this warning will be heed so i will not resort to this action. Thanks

Julius
  • #2,399
  • Aug 10, 2009 8:27am Aug 10, 2009 8:27am
ok sorry trader101.

what you said is noted.

I have read the threads from the beginning more then 50 pages but when come to actually putting what i read here to practice at the forex demo account , it is a another story altogether.
  • #2,400
  • Aug 10, 2009 12:07pm Aug 10, 2009 12:07pm
Hey, I got this. Its too easy. Sorry about the post as I have a learning disability. I got it now. I have labeled mine to show which pairs are slightly more volatile and we may have to wait a little longer on those. I have also labeled the top list and the bottom list. Can't get any of the indys to work on my platform so I may have a friend that can help me get that going.

Thanks 101
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