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Simple Trading Method with trader101

  • #2,561
  • Oct 11, 2009 1:44am Oct 11, 2009 1:44am
R
Quoting sweetjoshan
Newbies,
Forex_insane has said it all, just follow his advice and it will be well with you all. I was once a newbie by this time last year but now that T101 has led me to the cave of treasure (mother lode), I have been busy collecting pips. That is why you hardly see real traders coming here to rant senselessly as if T101 is owing them any other thing.
Read, read and read again and you will find the aha moment.
May the pips be with us.
Yes,sweetjoshan! You said very correct.Everybody has been a newbie sometime or other.Nobody learns anything from the sky,but our only responsibility is to learn.It really makes me irritated.And sweetjoshan said very true that real traders don't come here just to ignore such things which distract them from their trading.I would advise everybody to get the most of this great forum of FF.And if you are not doing so,then you are losing a lot.
Anyways,have a nice weekend to all.
  • #2,562
  • Oct 12, 2009 5:47pm Oct 12, 2009 5:47pm
Here's the system in a nutshell as taken from one of T101 earlier reply posts:

1) BUYS that jumps up === BUY (if buy jump to profit you buy)
2) SELLS that jumps down=== BUY (if sell jump to loss you buy)
3) BUYS that jumps down === SELL (if buy jump to loss you sell)
4) SELLS that jumps up === SELL (if sell jump to profit you sell)

This is correct?
Yes that simple, You figure it out! Alleluia

To understand this system, you must simply grasp the information on page 1. Read those paragraphs slowly and write down what the information (the two sets of pairs and how they move up and down) is saying on a sheet of paper and it will begin to clear up for you.
  • #2,563
  • Oct 12, 2009 9:50pm Oct 12, 2009 9:50pm
Hi Fellow Traders.
My 1st post had been deleted and even my membership was suspended by a senior member.I don't know who is that senior member and what he saw wrong in my post of such a level that he decided to suspend my membership.Anyways,i want to thank the site Manager 'Twee' and other concerned people at FF,who reinstalled my post and removed that suspension.

Now let's come to the trading.
I have one advice.There are Many indicators(made by other members) attached on this thread.So,when you use them,be careful.Because they can give you wrong signals to enter.Sometimes,early or late entries. Just STICK TO THE RULES AND INDICATORS OF TRADER101.And you will get success.

May Pips be with you.
  • #2,564
  • Oct 13, 2009 7:10am Oct 13, 2009 7:10am
Waiting for profitcalc to confirm to go short,

also waiting for the bottom anchor to switch...

let's see what happens...

anyone in??
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 62 KB
  • #2,565
  • Edited 7:32am Oct 13, 2009 7:20am | Edited 7:32am
Quoting Ahmadcruse
first i want to thank Trader101 for this great system and i would like to
Thank U for sharing us ur thoughts i followed this thread 2 months ago and i traded in demo account the original method for trader 101 i was very happy with the results

My question is whats wrong with the orest indicator ? i know u said no need for any additional indicators but isnt this indi can resolve the manual indicator of trader101 ? or it doesnt give accurate signals

please excuse my english and i hope u can give advice me
thank u very much
Fellow Trader! I know that the indicator which you are talking about,is really something appreciable but i personally don't like to use any indicator which has not been recommended by the original creator of the system.Maybe i am wrong but it has been my habit since i came into the world of Forex.If trader101 makes something himself and add with this system here in this thread,then i will surely follow that.He is the inventor of this system,so he himself can use any indicator(even made by others) because he knows much better than anyone else,about what is good with this system and what's not.But we should only follow his inventions and ideas.Its my personal view.

Good Luck.
  • #2,566
  • Oct 13, 2009 7:54am Oct 13, 2009 7:54am
Has anyone done any REAL work and put together a study of the returns for this method. It would be nice to see some rationality, instead of some of the Prophet following crap that appears here.
  • #2,567
  • Oct 13, 2009 8:11am Oct 13, 2009 8:11am
Quoting Petbe
Has anyone done any REAL work and put together a study of the returns for this method. It would be nice to see some rationality, instead of some of the Prophet following crap that appears here.
If you were really interesting in knowing then the way,you wrote your last post,you should not have written.
See man! here everybody is busy in his trading,so if you think that by using words like 'prophet following crap', either trader101 or somebody else(who really knows the system) will be influenced to reply or teach you the system,then you are wrong.
Better to go and read the whole thread to learn the system(if you are interested) and even if you just want to see the results,you will have to go through the thread,you will get there in detail.

Good Bye.
  • #2,568
  • Oct 13, 2009 8:26am Oct 13, 2009 8:26am
Forex_insane, I was not asking for anyone to teach me anything, all I was asking for was a simple returns plot over time of this SIMPLE method. Surely one of the many busy traders here must have done this simple task. Before you bring them up, I am not talking about those blanked out statements that were released earlier.
  • #2,569
  • Oct 13, 2009 11:07am Oct 13, 2009 11:07am
Quoting Petbe
Has anyone done any REAL work and put together a study of the returns for this method. It would be nice to see some rationality, instead of some of the Prophet following crap that appears here.
Hi Petbe,

surely You have done some REAL work and can offer a valid study and a nice method in exchange.

Forex37
  • #2,570
  • Oct 13, 2009 1:28pm Oct 13, 2009 1:28pm
Quoting Petbe
Has anyone done any REAL work and put together a study of the returns for this method. It would be nice to see some rationality, instead of some of the Prophet following crap that appears here.
Look Petbe, as of my posting so far you've made a total of 9 posts to FF. The first was in June, the rest all came today. http://www.forexfactory.com/search.php?searchid=7921102

In your mind, you might think you're asking an innocent question, but to nearly anyone else, it sounds like you are making demands which you haven't earned the right to demand.

But on top of that you hurled insults at the method's followers by accusing them of being disingenuous, irrational, and brainwashed cult followers. No one knows you and you drop a bomb on everyone and then pout and wonder why you're not getting a warm fuzzy reception with folks clamoring to hand you what you want on a silver platter. Your perspective and expectations of others are a bit off.

What happened to you that has kept you from making any contribution until today when you suddenly felt you just had to launch an offensive? Have you heard the saying that you'll catch more flies with honey than with vinegar?
  • #2,571
  • Oct 13, 2009 4:25pm Oct 13, 2009 4:25pm
Quoting Ahmadcruse
My question is whats wrong with the orest indicator ? i know u said no need for any additional indicators but isnt this indi can resolve the manual indicator of trader101 ? or it doesnt give accurate signals
The Orest indicator is flawed as the historical values change due to the current price information being used within the calculations (historical values should not change), so therefore does not map out the historical values correctly. Because of this flaw it is possible that there are other coding errors which makes it hard to trust. The Orest indi appears more like a much better version of the 'popup prices' box in MT4 (press F10 on any chart in metatrader).

The IA and a spreadsheet are the best indicators you can have and to the best of my knowledge are what T101 trades with. They are certainly what I trade with. If you are proficient enough with excel you could make your own historical graphs and orest type indicator if you really wanted to.
  • #2,572
  • Oct 13, 2009 5:30pm Oct 13, 2009 5:30pm
Hello,

I understand how the trading system works. I tried to download Luke's 14 scripts from post #360 but I can't get to the link for his indicators, scripts and EAs. Can someone please post those items for me? Or, if the only indicators, scripts and EAs needed for this system appear on page 1, I can't seem to get the UnivTradeHedge.mq4 script to initiate the 7 Buy and 7 Sell trades. Also, which item on page 1 will open 14 Buy or 14 Sell trades at one time?

Thank you very much.
  • #2,573
  • Oct 13, 2009 10:03pm Oct 13, 2009 10:03pm
Quoting wannabe21
Look Petbe, as of my posting so far you've made a total of 9 posts to FF. The first was in June, the rest all came today. http://www.forexfactory.com/search.php?searchid=7921102

In your mind, you might think you're asking an innocent question, but to nearly anyone else, it sounds like you are making demands which you haven't earned the right to demand.
Wonderful reply.
If Trader101 was really interested in soliciting customers for his mentoring, he would have welcomed petbe with open arms! He wants us to learn the basics first.
Some are so impatient and rude that go to any extent to get what they want. Sadly, with forex there are no shortcuts. Like everything else in life, you need to be humble to achieve anything.
"Put all your efforts in becoming effortless"
  • #2,574
  • Oct 13, 2009 10:49pm Oct 13, 2009 10:49pm
Quoting jicssbr
Hello,

I understand how the trading system works. I tried to download Luke's 14 scripts from post #360 but I can't get to the link for his indicators, scripts and EAs. Can someone please post those items for me? Or, if the only indicators, scripts and EAs needed for this system appear on page 1, I can't seem to get the UnivTradeHedge.mq4 script to initiate the 7 Buy and 7 Sell trades. Also, which item on page 1 will open 14 Buy or 14 Sell trades at one time?

Thank you very much.
Dude! Instead of getting confused,just open any page of this thread and look at the upper right hand side,where the ***** rating is given,just see above that.There are all the attachments(362,so far) of this thread.Just click on it,And you can get the script,you are looking for. Univtradehedge is there.Moreover,if you go through the pages,still that script is there,just you have to check attentively.
Have a nice day.
  • #2,575
  • Oct 13, 2009 10:57pm Oct 13, 2009 10:57pm
Quoting Limstylz
The Orest indicator is flawed as the historical values change due to the current price information being used within the calculations (historical values should not change), so therefore does not map out the historical values correctly....
I completely agree with Limstylz. If we stick to the IA and after getting desired signals from it,we look at the Profitcalc then we are on the right track. Because when,Profitcalc confirms a trade,its already matured enough,so if you follow it,then it goes very far.Just sometimes,we have to feel that it's signals are matured BUT late as well.However,for me,its not a problem since i prefer to enter a trade which is Safe,no matter i have to enter a little late and lose few pips.

Good Luck.
  • #2,576
  • Oct 13, 2009 11:05pm Oct 13, 2009 11:05pm
Hi limstylz,

I use Orest Indicator v14 and i didn't know it was with coding errors

What do you mean by "Historical values should not change" ?!?

You have fix this problem?

Regards.
Ludo.

Quoting Limstylz
The Orest indicator is flawed as the historical values change due to the current price information being used within the calculations (historical values should not change), so therefore does not map out the historical values correctly....
  • #2,577
  • Oct 14, 2009 1:52am Oct 14, 2009 1:52am
Quoting Forex_insane
I completely agree with Limstylz. If we stick to the IA and after getting desired signals from it,we look at the Profitcalc then we are on the right track. Because when,Profitcalc confirms a trade,its already matured enough,so if you follow it,then it goes very far.Just sometimes,we have to feel that it's signals are matured BUT late as well.However,for me,its not a problem since i prefer to enter a trade which is Safe,no matter i have to enter a little late and lose few pips.

Good Luck.

I don`t think so.. If profitCalc show`s you buy.. and IA Buys all in top this not the safe signal to buy all Basket and vica versa because you can trap on retrasment and huge SL hit your acc. ... there is something else with pairs switching that maybe T101 don`t tell. or maybe I don`t catch the idea.. I double & triple some acc. and than blow it up .. If some can share the light on this I will be really happy. And don`t tell me re-read thread.. this thread I was read and re-rad Ton times from the begining of the first post that T101 wrote..

P.S. Please if you know the key .. share it.. because T101 have great idea of basket trading I ever seen..

sorry about my english..
  • #2,578
  • Oct 14, 2009 2:23am Oct 14, 2009 2:23am
Quoting InDjaLV
I don`t think so.. If profitCalc show`s you buy.. and IA Buys all in top this not the safe signal to buy all Basket and vica versa because you can trap on retrasment and huge SL hit your acc. ... there is something else with pairs switching that maybe T101 don`t...
I know that trader101 has so much about this method because he is the creator of this system.But i don't agree that he has an intention to hide or not share anything with us.He is providing personal counseling but he is not interested in making money with this because i have not seen any attempts from his side to make us become his members and pay him to learn the strategy.He is a nice person.

Now,come to your point. Yes,you are right.This way,the retracement can start and you can go in minus.But as you said that you doubled and tripled your account.Then why '2ProtectAccount' EA didn't close all the trades when you were in profit? Atfirst,i want to know this.
  • #2,579
  • Oct 14, 2009 2:50am Oct 14, 2009 2:50am
'2ProtectAccount' EA closed all trades. TP and SL.. I just want to say that you took one by one profit few weeks then month. all looks fine. some Sl its ok. part of the game. EA works fine.. . and then come week when you take trades in the same way that you did before.. ProfitCalc show buy. IA all Buys or vica versa.. and then SL comes after SL.. and Boom all acc gone.. trader101 tell in thread that we need to be careful ..

there is some missing key ...
  • #2,580
  • Oct 14, 2009 3:12am Oct 14, 2009 3:12am
Quoting InDjaLV
'2ProtectAccount' EA closed all trades. TP and SL.. I just want to say that you took one by one profit few weeks then month. all looks fine. some Sl its ok. part of the game. EA works fine.. . and then come week when you take trades in the same way that you did before.. ProfitCalc show buy. IA all Buys or vica versa.. and then SL comes after SL.. and Boom all acc gone.. trader101 tell in thread that we need to be careful ..

there is some missing key ...
Now i understood what you wanted to say exactly. See,you should pay attention to pairs of IA when they are changing their places.As the root rule is,you have to wait for all the SELLs or BUYs to accumulate at the above seven positions.Then you should understand that the BUY or SELL signal is being generated.Profitcalc Just confirms it.
I hope,it will help.
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