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Simple Trading Method with trader101

  • #2,601
  • Oct 20, 2009 4:40am Oct 20, 2009 4:40am
Quoting mac1956
The one I haven't got my head round just now is entry strategy when they are all over the place as they are in my test right now.
You must wait for the IA to settle and assume their order. This is best done by opening the initial IA on Sunday evening as soon as your broker opens and waiting for a few days. Some people find that waiting a couple of days is overkill. In my experience it pays to wait. Once they have settled into buys at top and sells below or visaversa when sorted by profit, that is the time to monitor the IA.

I prefer to watch the spreads between the buys and sells, others like to see the anchors move, others like to watch for position changes. You must find a method that suits you and you are comfortable with.

That is the basics... now do some test with that information and come up with your own ideas.
  • #2,602
  • Oct 20, 2009 6:06am Oct 20, 2009 6:06am
Quoting Limstylz
You must wait for the IA to settle and assume their order. This is best done by opening the initial IA on Sunday evening as soon as your broker opens and waiting for a few days. Some people find that waiting a couple of days is overkill. In my experience it pays to wait. Once they have settled into buys at top and sells below or visaversa when sorted by profit, that is the time to monitor the IA.

I prefer to watch the spreads between the buys and sells, others like to see the anchors move, others like to watch for position changes. You must find...
Thanks for the coaching - appreciate it. I'll let you knwo what happens. Are you doing well with it?
$urvive, Pre$erve & RESPECT THE TEACHER
  • #2,603
  • Oct 22, 2009 8:33am Oct 22, 2009 8:33am
Hi all,

I have a question...
Especially for those who have been using this strategy for a long time...

What was the maximum negative total profit you all have seen on your IA
please???

  • #2,604
  • Oct 22, 2009 8:45am Oct 22, 2009 8:45am
It would be silly just to let the trade (an amalgamate of the basket) run if you see mass drawdown. If you are seeing mass drawdown, you have entered at the wrong time or your direction was totally wrong. It is much safer to close, rather than hope it will come back your way.

This also depends on your lotsize. Massive negative profits mean that your lots are also too big. I try to keep drawdown between 5-7% before closing. Then I go back and analyse why the drawdown occured rather than re-entering straight away as the analysis was probably wrong from the start.

Again I reiterate... Timing is everything with this method.
  • #2,605
  • Oct 23, 2009 12:07am Oct 23, 2009 12:07am
Hi Guys.
I am here after many days.Infact,in the starting of the week,we were celebrating festival here in India.And after that market conditions were not not favorable.
Anyways,i managed to grab +1400 Pips in last 2 days.So i am finished for this week. And without having any greed,i am not going to trade today.

Nice Trading.
  • #2,606
  • Oct 23, 2009 8:30pm Oct 23, 2009 8:30pm
[quote=Beshakey;2997170]
Quoting Spipou
OK I have read until page 24 now, every post, searching the meaning of this OREST, until I discovered "it" was one of us members of the thread !


Spipou

See your confusion. The ORest indicator is named after the programmer. It first makes its appearance around page 70 or so.

There is also a thread about the Orest in the programming forum on Forex Factory.
IT might not be for you.

It's an okay indicator for me. I wouldn't argue with Limstylz about it's accuracy in the smaller time frames. I look at the longer...

Thanks a lot to Mr Julius for your generousity. You do well, fulfilling your's and my faith "Luke 6.48." I also appreciate the noble/professional contributions of all you mates; receive more from the Almighty, so you can give more.

Please can we help me with the Orest Idicator or the page where to find it, I lost its contact among the volome of pages.
Thhanks all.
  • #2,607
  • Oct 24, 2009 10:48am Oct 24, 2009 10:48am
I caught about 450 pips Thursday morning (10/22 PDT) here in the San Diego, CA area during the NY session. I had been waiting for several days for the IA account trades to line up and it appears they finally did during the London session (early AM my time Thursday) which would have given me triple the 450 pips I was able to still pick up during the morning's NY session. Timing truly is everything with this system...

=)
  • #2,608
  • Oct 24, 2009 11:20am Oct 24, 2009 11:20am
Do not use orest idicator nor the EA cos they have a serious flaw!!!
Im a coder, and I checked the code....the codes doesnt look at the pipvalue
of the pairs and the numbers you are seeing on screen is a number of PIPS,
NOT A REAL $ DIFFERENCES!!!

YOU NEED TO KNOW THAT EVERY PAIR HAS OWN TICK VALUE,
AND THAT 100 PIPS OF EURUSD IS 100$(pipvalue is 1),
WHILE NZDJPY 100 PIPS IS EQUAL TO 1086$ COS THE PIPValue OF NZDJPY IS 10,86!!!

WE ARE LOOKING AT THE $ DIFFERENCES, NOT A PIP DIFFERENCES.........

THAT IS WHY TRADER101 IS AGAINST ALL OF THOSE INDICATORS, NONE OF THEM WORKS AS THEY SHOULD!!!
  • #2,609
  • Edited Oct 25, 2009 4:44am Oct 24, 2009 9:09pm | Edited Oct 25, 2009 4:44am
Quoting Parazite
I checked the code....the codes doesnt look at the pipvalue
of the pairs and the numbers you are seeing on screen is a number of PIPS,
NOT A REAL $ DIFFERENCES!!!
This makes no difference as we are attempting to see positive or negative TRENDS (short and long term)... a positive pip or $ value is still a POSITIVE value and a negative pip or $ value is still a NEGATIVE value.

The $ amount only comes into consideration when scalping if you are massively in $ profit or loss and you need to see which pair is skewing the $ profit in either case (you might reconsider opening a trade as the skewed pairs positive values might overshadow the negative values held by some of the other pairs).

That in itself is not the reason to not use the Orest indicator... The main reason is that the historical values shift which is no different than opening an IA, except that you might possibly confuse the 30 day, H4, H1 etc for a snapshot of those times rather than an amalgam from that time until the present. That is the ONLY consideration NOT to use it.

I use PIP values ONLY in my spreadsheet after realising that the $ values were actually skewing the spread between buys and sells...

Please don't confuse people with your ignorance.
  • #2,610
  • Edited 11:15am Oct 25, 2009 11:05am | Edited 11:15am
Bassicaly, your sayin that IA is not better than your pip xls, and
basics of IA account is $ difference and not a pip based diff...
The differences between IA and orest indicator(pip based) can be huge.
Why trader101 than uses IA!???

I already wroted;
100 PIPS OF EURUSD IS 100$(pipvalue is 1),
WHILE NZDJPY 100 PIPS IS EQUAL TO 1086$ COS THE PIPValue OF NZDJPY IS 10,86!!!

Dont you see that nzdjpy pair will be totaly different positioned by its pipvalue.
Look at this pair on your IA account, and then on orest indicator, or your xls script,
and you will see that my point has its value!!!
And Im talkin here about one pair only....all 14 pairs have their own pip values,
think about the differences between pip based and $ based values!

Ohhh...and dont be mistaken, I was here from the first day of t101 method, so...little respect.

Regards
  • #2,611
  • Oct 25, 2009 3:44pm Oct 25, 2009 3:44pm
Quoting Parazite
Bassicaly, your sayin that IA is not better than your pip xls, and
basics of IA account is $ difference and not a pip based diff...
The differences between IA and orest indicator(pip based) can be huge.
Why trader101 than uses IA!???

I already wroted;
100 PIPS OF EURUSD IS 100$(pipvalue is 1),
WHILE NZDJPY 100 PIPS IS EQUAL TO 1086$ COS THE PIPValue OF NZDJPY IS 10,86!!!

Dont you see that nzdjpy pair will be totaly different positioned by its pipvalue.
Look at this pair on your IA account, and then on orest indicator, or your xls script,
and...
Yes! I salute your knowledge mates.
I know my request for Orest Indicator prompted this argument, however, I still need the indicator, afterall, I will employ it in Demo, so no knowledge is a waste, when I play the necessary games with them, I will understand as you already understand.
Bravo!
Richard.
  • #2,612
  • Edited 5:12pm Oct 25, 2009 4:09pm | Edited 5:12pm
Quoting Parazite
Bassicaly, your sayin that IA is not better than your pip xls, and
basics of IA account is $ difference and not a pip based diff...
The differences between IA and orest indicator(pip based) can be huge.
No respect for you as you obviously don't have the aptitude for either the English language to understand what I wrote in my previous post, this method (you would realise that $ values are IRRELEVANT) or the nous to cover your own lies (you say you were here from the beginning, yet your FF account was only opened in October this year and you only have 6 posts to your moniker at the time of writing this, the first version of the Orest indicator was written in 2008 and yet you have waited a whole year with your nonsense findings about pip and $ values. I doubt very much that you followed T101 here from when this thread was first started).

I am NOT saying that the IA is NOT better than the spreadsheet I use. Go back and read my post AGAIN as you obviously did not get it the first time around. Then go back and read THIS WHOLE THREAD again and you will see that $ values are irrelevant and also realise that I actually use the IA in conjunction with a spreadsheet to track the spreads.

Stop your ignorance right now! Your rants about nothing help no-one and only add to this already lengthy thread. I am ignoring your posts as from now as it is clearly obvious to me from your posts both here and your other posts on FF that you have absolutely no idea what you are talking about or forex in general.

To anyone who actually wants to use the Orest indicator to check it for themselves should click on the paperclip icon on the top right of this thread and download it from there. There are some who use it successfully, but it is beyond me how they manage to make it work for them.
  • #2,613
  • Oct 25, 2009 10:22pm Oct 25, 2009 10:22pm
thx for trader101 for the update~~
Malaysia boleh~~ haha

beside that, do anyone have the excel for the universal pairs excel ??

still at last.. thx for the trader 101 totally!! thx for your kindness and keep caring all of us.

sincerely
jack ong
  • #2,614
  • Oct 26, 2009 5:47am Oct 26, 2009 5:47am
Hey Limstylz...how about a anger menagament!
forexflash
  • #2,615
  • Oct 26, 2009 7:02am Oct 26, 2009 7:02am
Quoting FOREXflash
Hey Limstylz...how about a anger menagament!
I ended up beating the therapist to a pulp...
  • #2,616
  • Oct 26, 2009 11:12am Oct 26, 2009 11:12am
Quoting Limstylz
You must wait for the IA to settle and assume their order. This is best done by opening the initial IA on Sunday evening as soon as your broker opens and waiting for a few days. Some people find that waiting a couple of days is overkill. In my experience it pays to wait. Once they have settled into buys at top and sells below or visaversa when sorted by profit, that is the time to monitor the IA.

I prefer to watch the spreads between the buys and sells, others like to see the anchors move, others like to watch for position changes. You must find...
I have been testing simply the anchor points - If it is a sell in the profit anchor point I trade it long when it hops down one position, if it was a buy then I short it.
If it is a sell pair in the lower (loss) anchor point then I short it, and if a buy in the loss anchor I trade it long. I do this at the first hop out. I have gained just over 300 pips in 9 trades (two losers). Now I know this does not compare with the profits you are reporting, but it is a start, and it appears so far to be consistent. I am going to start with cash trades on this basis if the system profits in demo another week in succession. This is pretty good thus far...I am sure there is more, but one step at a time. I haven't grappled with anything in the other positions just yet.
$urvive, Pre$erve & RESPECT THE TEACHER
  • #2,617
  • Oct 26, 2009 11:21am Oct 26, 2009 11:21am
Quoting mac1956
I have been testing simply the anchor points - If it is a sell in the profit anchor point I trade it long when it hops down one position, if it was a buy then I short it.
If it is a sell pair in the lower (loss) anchor point then I short it, and if a buy in the loss anchor I trade it long. I do this at the first hop out.
That would work if the bias is with you on the occasions that you trade. Just be careful of reversals/retracements. I traded the pairs like that when I started to get a feel of what the IA does. You are on the right track.

Do not pay attention to other peoples results. Their risk appetite will not be the same as yours. Your results are your own. Ignore everyone else, you seem to be doing ok by yourself. I would only say that 2 weeks worth of testing does not a system make. However, if you are comfortable with your method of trading this then go live whenever you feel ready.
  • #2,618
  • Oct 26, 2009 11:43am Oct 26, 2009 11:43am
hi lymstyle;with regards to the entry piont which is the make or break with this method.if using the acc protect which has the default 560 stop, one can get caught with bad timing only to see your chosen basket direction come back and head into profit.certainly ive had a no of trades return into a good profit after a drawdown upto 1000.as you have said on many ocasion you watch the spread for entry with good results do you have many baskets turn round on you ,the reason i ask this is ,ive been also trying to enter on expansion and contraction ,whilst also watching the charts especially around times when a no of the basket are testing s/r ,do you consider such things or work solely from worksheets.i watched a lovely example end of last week when a no of pairs were testing res and the prices across all expanded and all took out the res on h charts .ion this occasion all went up good trade,should one even consider these pionts
thanks regards william
  • #2,619
  • Oct 26, 2009 11:51am Oct 26, 2009 11:51am
ps,sorry
the reason im asking is im not intending trading this from indiv charts but i find it easer with some visionary as to put the theory into place.
  • #2,620
  • Oct 26, 2009 11:55am Oct 26, 2009 11:55am
Quoting diceman555
hi lymstyle;with regards to the entry piont which is the make or break with this method.if using the acc protect which has the default 560 stop, one can get caught with bad timing only to see your chosen basket direction come back and head into profit.certainly ive had a no of trades return into a good profit after a drawdown upto 1000.as you have said on many ocasion you watch the spread for entry with good results do you have many baskets turn round on you ,the reason i ask this is ,ive been also trying to enter on expansion and contraction ,whilst...
First off, I don't use account protect. I can see if the trade is rubbish nearly from the outset as the expansion to contraction to expansion again (or visa versa) shows visible momentum, so therefore if a trade is still negative after 15 mins or so, I close it.

I only look at the charts when it comes to opening a trade. if there is visible SR on the chart at the time then this is additional confirmation.

I hope this helps
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