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Simple Trading Method with trader101

  • #2,501
  • Sep 8, 2009 7:24am Sep 8, 2009 7:24am
you DON'T KNOW that is "strong" because your IA is not settled yet to see the trend. I see a beginning of a trend change or a deep retracement but before opening the basket i would stay until tomorrow at least.
Also i looked into the charts (an old habit of mine) and i saw that the USD is falling big time so the basket is a little screw up right now
  • #2,502
  • Sep 8, 2009 7:29am Sep 8, 2009 7:29am
or i count order color in first 7 slots? now there is 5 long an 2 short, if there will be 4 shorts and 3 by's i would knew that trend has been changed. right?
sorry for childish questions but want to make it CRYSTAL clear.
  • #2,503
  • Sep 8, 2009 7:37am Sep 8, 2009 7:37am
you are saying that on every week pairs MUST settle before taking any trade? how do you know that they have been settled if you don't watch your screen 24/7?????
  • #2,504
  • Sep 8, 2009 7:41am Sep 8, 2009 7:41am
i'm not a guru in this method, is just my opinion. I have 2 IA: 1 from the beginning and 1 weekly. I let the weekly IA run until i have at least the first 3-4 positions settled and one London session closed. So i open the trade tuesday if i have those requirements fulfilled (also, the anchors must have 50-60 pips profit). You don't need to check the IA all the time. I do it at every hour is i'm in the office, or when i get home in the evening.
  • #2,505
  • Sep 8, 2009 7:55am Sep 8, 2009 7:55am
Quoting maxu08
I have 2 IA: 1 from the beginning and 1 weekly
beginning of what? day??? 4 hour??? session? i have only week's open
thank you for sharing
  • #2,506
  • Sep 8, 2009 7:57am Sep 8, 2009 7:57am
my beginning from the day 1 when i started this method.
  • #2,507
  • Sep 8, 2009 8:04am Sep 8, 2009 8:04am
how the chart from beginning helps you?

so everytime you see on weekly IA 3-4 longs or shorts on top( 50-60 range) you trade according to rules? if you will say yes it would be CRYSTAL CLEAR for me
  • #2,508
  • Sep 8, 2009 8:22am Sep 8, 2009 8:22am
My method is like this (any ideea will be helpful for me and thank you in advance):
- start the weekly IA monday morning, 0:00 (local time, GMT+3);
- let it run until (i) i have at least 3-4 position settled; (ii) the anchors have 50-60 pips profit (i watch the chart to be sure that is not a spike or important news because it could fake your IA) and (iii) the IA get through a London session because the London give the trend
- open the basket - i close it at my feeling
  • #2,509
  • Sep 8, 2009 8:39am Sep 8, 2009 8:39am
let's say you have 4 buys on top, you go long, when you repeat your trading?? when on of the sells have been on top 4 positions and went down and again there is 4 longs on top?
  • #2,510
  • Sep 8, 2009 8:45am Sep 8, 2009 8:45am
Quoting trader101
Tonight my indicator account look like this:
Notice that the 4 buys are taking over the top position from the sells, consequently the sells are taking over the bottom postition it started at about in the afternoon. This is a signal that the buys will rules perhaps until tonight.

take a good look this is the same what's happening now
picture is on post #18
  • #2,511
  • Sep 8, 2009 9:24am Sep 8, 2009 9:24am
yes, it is a prediction and not a signal for trade. But (i) we don't know if the prediction became true and (ii) t101 let it IA to run at least another 6-10 hr until the IA settled before open the basket.
And i do the same - let the IA settle and after that i open the basket, not before. A trend changing could occur at anytime and because of that i prefer a CRYSTAL CLEAR signal before jump in
  • #2,512
  • Sep 8, 2009 10:49am Sep 8, 2009 10:49am
  •  Jey
  • | Joined Jun 2009 | Status: Market Slave-Overworked/Underpipped | 283 Posts
Quoting Limstylz
I am looking at contractions and expansions between the buys and sells... If the spread between them contracts then there is consolidation, expansion indicates trend. I try to look for the contraction as this will either give me a dip or a reversal indication and then I look for the expansion to trade from, from there.
Hi Limstylz,

Is there a threshold number you look for to determine that there is contraction or expansion. What is the limit?
I have seen the enemy, and it is me.
  • #2,513
  • Sep 13, 2009 3:43pm Sep 13, 2009 3:43pm
Good evening
Private traders are interested in this system but I can not understand whether it is more viable solution with 7 pairs and 7 pairs sell or buy all 14 pairs buy or sell. Can you clarify and I can send the Trading System I would like to correct the tests.
Thanks
  • #2,514
  • Sep 16, 2009 8:58pm Sep 16, 2009 8:58pm
sorry..the indicator from the 1st page didn't work for me...does anyone can HELP me with the EA that can buy/sll/close all together in the same time???

14 pairs to trade...thats means i have to click manual 14 times....

thanks ..
  • #2,515
  • Sep 17, 2009 1:17am Sep 17, 2009 1:17am
Quoting albafica
sorry..the indicator from the 1st page didn't work for me...does anyone can HELP me with the EA that can buy/sll/close all together in the same time???

14 pairs to trade...thats means i have to click manual 14 times....

thanks ..
Are you trading on an IBFX micro-account ? In such case, there is a "m" to be added somewhere in the source-code to every pair, but I don't know where exactly, probably another member can help you to solve the problem.

Or perhaps the TradeHedge script for IBFX has been posted somewhere, but I am not sure of that. There are so many pages in this thread that I can't remember exactly ! Try to see anyway, I remember it was told about the problem with IBFX in the beginning of the thread.
  • #2,516
  • Sep 17, 2009 10:51am Sep 17, 2009 10:51am
Quoting Spipou
Are you trading on an IBFX micro-account ? In such case, there is a "m" to be added somewhere in the source-code to every pair, but I don't know where exactly, probably another member can help you to solve the problem.

Or perhaps the TradeHedge script for IBFX has been posted somewhere, but I am not sure of that. There are so many pages in this thread that I can't remember exactly ! Try to see anyway, I remember it was told about the problem with IBFX in the beginning of the thread.
oh u misunderstand

what i mean is...i need a EA that can help BUY all the 14 pairs in the same time...or SELL the 14 pairs in the same time..or CLOSE the 14 pairs in the same time....

from whjat i read in the early page...trader101 mention that this is the best way ..
CMIIW
  • #2,517
  • Sep 17, 2009 10:38pm Sep 17, 2009 10:38pm
Quoting albafica
oh u misunderstand

what i mean is...i need a EA that can help BUY all the 14 pairs in the same time...or SELL the 14 pairs in the same time..or CLOSE the 14 pairs in the same time....

from whjat i read in the early page...trader101 mention that this is the best way ..
CMIIW
You can use these ; I modified a little Trader101's script to fit my own use, so disregard the field "Numéro magique". If you keep this "Numéro magique" by default, the close script will close all the trades bearing the same magic number. They are for the basket with USD/CAD. The "Open sell" and "Open buy" open all the 14 pairs in the same direction, and the "Open 12 buy" and "Open 12 sell" open USD/CHF and USD/CAD in the opposite direction. The slippage is for brokers with 5 decimals, most brokers give 5 decimals nowadays ; if your broker has 4 decimals, enter a 1-digit number.

I owe credit to whom it is due : so the "open" scripts are Trader101's TradeHedge, modified to close or open all the pairs, and the "close" one is from Trendchaser, who is visiting this thread sometimes, also modified by me.

Actually... If the "close" script doesn't work as a script, use it as an EA. But in that case don't forget to remove it before trading again !
Attached File(s)
File Type: mq4 Open Buy.mq4   3 KB | 1,358 downloads
File Type: mq4 Open Sell.mq4   3 KB | 1,308 downloads
File Type: mq4 Open 12 Buys.mq4   3 KB | 1,416 downloads
File Type: mq4 Open 12 Sells.mq4   3 KB | 1,423 downloads
File Type: mq4 Close all TR101.mq4   < 1 KB | 1,531 downloads
  • #2,518
  • Sep 18, 2009 10:23am Sep 18, 2009 10:23am
Hello,
I ask that now open the TS understand when and how close it.
Thanks
  • #2,519
  • Sep 19, 2009 3:36pm Sep 19, 2009 3:36pm
Quoting mbforex74
Hello,
I ask that now open the TS understand when and how close it.
Thanks

What do you mean ? Is your question related to the scripts I have posted ?
  • #2,520
  • Sep 21, 2009 10:16am Sep 21, 2009 10:16am
hallo all..
did this system still work?
i like this system, but i still not understand how and when to take an order..
can someone teach me?

thanks..
L-H-LH-HH -> B // H-L-HL-LL -> B
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