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Simple Trading Method with trader101

  • #2,681
  • Nov 6, 2009 3:11am Nov 6, 2009 3:11am
hi there,
can i get some help here?
my indicator looks like this, I'm not sure which way gonna move.
now I feel it's high to chase all longs, am I correct?
it's like 50% can change direction to short,
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  • #2,682
  • Nov 6, 2009 3:29am Nov 6, 2009 3:29am
opps,, i forgot to mention the last column from left to right is the PROFIT.
  • #2,683
  • Edited 2:22pm Nov 6, 2009 2:06pm | Edited 2:22pm
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Hi trader101

I use your system demo acconut 2 weeks

It's get great result.

2 week I get 1610pips

I think i have some Experiences


In first thread

I know you say You don't answer any question in the thread reply

But I still want ask last one question...

Now I only have the one question.


14 pairs.
I list like this

EURUSD GBPUSD AUDUSD NZDUSD 4pairs(NO usd)

GBPJPY EURJPY AUDJPY CHYJPY USDJPY NZDJPY 6pairs(no jpy)

USDCHY EURGBP EURCHF PBPCHF 4pairs(I don't know why use the 4pairs)?

In my means

trader 14 pairs.

If want get max profit
need this.
USD JPY direction one trend(short strong)

so buy 4paris(no usd) 6 pairs(no jpy)(because usd jpy 2pairs short,so the
10 pairs long strong)

And vice versa

But I don't know why you trade other 4pairs?

eurgbp eurchf gpbchf usdchf.....

?????the 4 pairs maybe lose my money.or profit little.....

so i want trade 10 pairs.

If you how to do?can you tell me?

And last question

example

I have 3000$ if i trader 14pairs stop loss maybe 560$

560$/3000$=18%

I think the risk is very big....

Now my realaccount have 3000$
I control the risk is 2%
3000$*0.02=60$

60$/560pips=0.01$/pips

are you have better advise(suggest)?


if you like i hope you can answer me.


the 2 question is only my last 2 question..

Thank you .

Hope you answer..

Thank you.

Sorry my english

and I want

give you some credits to thank you answer me the great trade method.

Please tell me your bank name, bank address(swift)

you full name, address, you account number.

I will wire transfer My this month profit some credits thank you.

Maybe not more credits.But is my sincere thanks to you
  • #2,684
  • Nov 7, 2009 4:45am Nov 7, 2009 4:45am
Quoting Chodi
I have a question concerning 2protect account. I have that ea running on all charts right now live and it is show somewhat more profit in the basket than there really is? At this moment it is showing $105 profit and my log shows $96 profit. I am on MB Trading where there is a small commission is it that 2protect perhaps not allowing for the commission? It is a small thing I know I am just curious as there is not much difference.

Anyone that can shed some light on this would be appreciated.
Hi chordi!

Can see you ar online now.
In ur qustn: Its most certain that the total proft ($105) on the EA minus the total commission is equal to the $96profit on ur log, u can do the arithmetic. I know by experience that the ea can close at a total profit less than the total locked when a pullback comes up. Hope I understood ur qustn?
My total thanks to God for our Friend Julius.http://cdn.forexfactory.com/images/icons/icon7.gif
  • #2,685
  • Nov 8, 2009 5:45am Nov 8, 2009 5:45am
Hi
I just seen one of the indicators attached in this thread multisymbol_colour RSI lq and i think it is a very good idea for this system
I am wondering if somebody could make it for MACD instead of rsi
thank you
  • #2,686
  • Nov 8, 2009 7:44am Nov 8, 2009 7:44am
Hello everyone,

Sorry, I know I am a bit late joining the party but I only came across this very interesting thread a few days ago and am still busy reading all the posts.

Firstly I would like to say thank you to Julius for sharing his very interesting strategy. We definitely need more out of the box thinking like this on FF.

I have a couple of questions please for Julius or anyone else that is very familiar with this strategy.:

The Universal Pairings that are being used to make up the IA do not combine to make a perfect hedge. I understand of course that a perfect hedge is always useless because a traders job is to take risk (calculated) because without risk there can be no exposure to the market and therefore no potential to gain profit. However by my calculation the combination of the pairings being used means that at the end of the day the exposure basically comes down to trading 2 lots GBP/CHF.

Now I may have calculated the above totally incorrectly and if I have someone please tell me however if the above is correct then 3 questions need to be asked relating to the trades taken Long or Short on all 14 pairs.

1. The profit/ loss balance of the IA account will simply be in line with the direction of GBP/CHF. If the pair is going up then the balance will be going up and visa versa. Therefore how can this balance be used as an indication of possible overall market trend?

2. Why should the change over of the anchor pairs indicate a Long/Short signal on all 14 pairs. What is the logic behind going Long/Short 2 Lots GPB/CHF just because the anchor pairs have changed position on the 14 pairs?

3. If an entry signal indicates go Long on all 14 pairs what is the point in paying spread on all 14 when one could just go Long 2 lots GBP/CHF. Same with a Short signal, just go Short 2 lots GBP/CHF ?





  • #2,687
  • Nov 9, 2009 6:56am Nov 9, 2009 6:56am
Hello Forex Insane,

Can you please email me at [email protected]?

Thank you. =)
  • #2,688
  • Nov 12, 2009 8:09am Nov 12, 2009 8:09am
I use the 2Protect Account ea for standard account with MBT broker. I have it placed on all pairs. I can change the tp and it works. I cannot get it to change the sl from the original -$560. The trailing stop works, the tp works but the sl stays at -$560 no matter what number I put in the ea. Any suggestions to resolve the sl issue would be very helpful. I did a search on this and did not come up with anyone mentioning this problem?
  • #2,689
  • Nov 13, 2009 6:34am Nov 13, 2009 6:34am
Hello traders.

I have yet another question please...

I think one of the problems a lot of us are having is
how long does the IA need to be open for it to be useful.

I remember Julius saying at least 8 hours somewhere on this thread.

Other people are saying 1 to 2 days.

From your experience can you guys please enlighten us
on how long you are keeping an IA open before starting to
trade with it...

THanx in advance...
  • #2,690
  • Nov 13, 2009 8:20am Nov 13, 2009 8:20am
Hello Gothamcity,

I'm pretty new to the Basket Trading System as well, and I've been studying it and trading it for a few weeks now. It looks to me like the IA demo account trades begin to tell you when to make "live" trades when the IA trades begin to line up the way this forum explains they should. For example, when IA demo account pairs begin to jump to the other side (bottom to top or from positions 8-14 to positions 1-7; or from the top position of 1-7 to the bottom position of 8-14), or when all the Buys and all the Sells group together indicating 14 Buy or 14 Sell trades. From what I can tell, there's not a specific amount of time (8 hours or 1-2 days) that one needs to watch the IA demo account trades before entering live trades. The market will move a little differently each week and we need to watch the IA demo account trades for clues as to when and what action we should take, if any, in our live accounts. I've already made a lot of pips with the system, but I've had a couple losing trades as well. I think it just takes time using the system so we can become better traders with it.

Hope this helps. =)
  • #2,691
  • Nov 13, 2009 8:46am Nov 13, 2009 8:46am
Hello Richard,

I'll try to answer one of your questions:

"3. If an entry signal indicates go Long on all 14 pairs what is the point in paying spread on all 14 when one could just go Long 2 lots GBP/CHF. Same with a Short signal, just go Short 2 lots GBP/CHF ?"

I'm short all 14 pairs right now and the only pair that's not in profit at the moment is the GBPCHF pair (-75 pips) so it looks like trading just the GBPCHF pair may not work according to the above question. Of course, I don't have a lot of experience with this system yet, just letting you know what I'm observing with my latest Sell basket trade.

=)
  • #2,692
  • Nov 14, 2009 12:36am Nov 14, 2009 12:36am
Quoting jicssbr
Hello Richard,

I'll try to answer one of your questions:

[font=Times New Roman][size=3]"3. If an entry signal indicates go Long on all 14 pairs what is the point in paying spread on all 14 when one could just go Long 2 lots GBP/CHF. Same with a Short signal, just go Short 2 lots GBP/CHF ?"

I'm short all 14 pairs right now and the only pair that's not in profit at the moment is the GBPCHF pair (-75 pips) so it looks like trading just the GBPCHF pair may not work according to the above question....
I believe the answer to your question is simple. By using all 14 pairs you have something of a hedge against the possibility of one pair going the wrong way hard and fast. I asked myself the same question early on in my exploration of this system but the answer became more obvious as I used the system. I have installed my own twists to this system but basically I find with careful entries this is the best and most simple way to earn money in forex that I have ever found with the lowest overall risk. In order to get proper results you must demo this for a long time until you get the feel of it. This system requires a lot of patience but it pays off in the end.
  • #2,693
  • Edited 3:12am Nov 14, 2009 2:49am | Edited 3:12am
Quoting trader101
WARNING: This method may sound simple but this is not for NEWBIES. Using this system without basic trading knowledge will definitely blow your account. You need to have at least a 1 year trading experience to understand the theory of this method. There are other system appropriate for newbies. This is not the ONE. Stop posting questions in the thread I will not reply to them.

[font=Verdana]Im been playing this method for about 3 months now and the return is quite good. This is a very...

Anyone:

Has anyone trading on the Oanda platform used the trading method found on this thread's
first post?

Thanks
  • #2,694
  • Nov 14, 2009 11:58pm Nov 14, 2009 11:58pm
I open position during New York Open on my demo account .i enter live trade on Tokyo open and london open.....It seems that pair are grouping during this time....and TP 30 pips only ....and after that i closed all the position in the demo account at New York open and open another new position for a new reference
  • #2,695
  • Nov 16, 2009 9:26am Nov 16, 2009 9:26am
Quoting mynor5535101
I open position during New York Open on my demo account .i enter live trade on Tokyo open and london open.....It seems that pair are grouping during this time....and TP 30 pips only ....and after that i closed all the position in the demo account at New York open and open another new position for a new reference
Mynor5535101

Are you using Oanda for your trading?
  • #2,696
  • Nov 16, 2009 9:24pm Nov 16, 2009 9:24pm
Quoting summerplace
Mynor5535101

Are you using Oanda for your trading?

I am trading at One Finacial and Iko Fx
  • #2,697
  • Nov 17, 2009 1:11am Nov 17, 2009 1:11am
Quoting jicssbr
Hello Richard,

I'll try to answer one of your questions:

"3. If an entry signal indicates go Long on all 14 pairs what is the point in paying spread on all 14 when one could just go Long 2 lots GBP/CHF. Same with a Short signal, just go Short 2 lots GBP/CHF ?"

[size=3][font=Times New Roman]I'm short all 14 pairs right now and the only pair that's not in profit at the moment is the GBPCHF pair (-75 pips) so it looks like trading just the GBPCHF pair may not work according to the above question....
jicssbr, thanks for your reply and observation.
  • #2,698
  • Nov 17, 2009 1:42am Nov 17, 2009 1:42am
Quoting Chodi
I believe the answer to your question is simple. By using all 14 pairs you have something of a hedge against the possibility of one pair going the wrong way hard and fast. I asked myself the same question early on in my exploration of this system but the answer became more obvious as I used the system. I have installed my own twists to this system but basically I find with careful entries this is the best and most simple way to earn money in forex that I have ever found with the lowest overall risk. In order to get proper results you must demo this...
Chodi, I can understand your thinking behind the hedge thing but you canīt bend the maths. If you are Long or Short all 14 pairs then it does not matter whatever happens with each individual pair you must still be just trading GBP/CHF.

This is my take on it anyway but the easy way to confirm this, or not, will be to open a position on all 14 in one direction and also, on a seperate account ,open 2 Lots GBP/CHF in the same direction and see what the end result is.
  • #2,699
  • Nov 17, 2009 8:47pm Nov 17, 2009 8:47pm
hello traders,

The 14 pairs are imperfectly hedged. On the IA account, the total profit
oscillates between a certain negative number and positive number over
a period of weeks or months.

Ok. This is my question. If the total profit is inevitably
bound to be in positive territory one day (this might be a day,
a week, or months), can we just use this imperfect hedge
on our trading accounts and just wait for the profit...???
This might be the safest strategy ever since no single currency
is overbought or oversold??

The downfall might be the bleeding of swaps as long as the positions
are open.

I was thinking perhaps keep opening another position of
the hedge pairs every week
as long as the total profit is in negative territory, perhaps
accelerating the results...

Let me know your thoughts please guys...

Thanx in advance..

happy trading
  • #2,700
  • Nov 18, 2009 2:26am Nov 18, 2009 2:26am
hi gothemcity,
in theory your logic seems sound but remember any profit below the -77 is infact a positive no and likewise any no over is a neg.as you are fighting the spread.the profit colum will normally fluctuate between o and -150 0r there abouts ,the times that the profit goes positive would not gain for you for one of the reasons of swaps ect.
ive have been experimenting with some of brians ideas on openening 14 buys and 14 sells taking profits and leaving the losses running until they return into profit also reopening the profit trades ,whilst the basket currencies trade within ther given ranges it works fine ,but you can get caught if it trends out of the ranges so takes a lot of babysitting,still playing with this,and probably not the thread to descuss it
regards william
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