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Simple Trading Method with trader101

  • #2,701
  • Nov 19, 2009 1:12am Nov 19, 2009 1:12am
101s is a very different strategy, and is technical the best system, i recomended it for advanced traders to study this for good reason as it is simple the best multi currency system, but needs 101s help for many traders to understand this
i personaly recomened doing a course with 101 for multi currency trading

MANY TRADERS ARE MAKING HUGH PIPS PER WEEK TRADING PURE 101S SYSTEM

my self i trade different but as an example today i tookover $500 ON JUST 4 CURRENCUS NO DRAWDOWN USING PURE 101S SYSTEM NO DRAWDOWN IN ABOUT 30 MINUTES

the method as i understand it is watching the key currencies crossing over , this can be facilitated using a spread sheet and dde feed as i understand the process

but in my opinion this may be able to be shown on mt4
easier for some to follow the basics ,

so my own personal method has its basis in 101s but to compare this with 101s is on advanced forex trading was discussed and used to help some basics of 101s only

i think for traders wishing to trade multi currencys this is the best site even learning the basis of 101s gives a trader a great edge in trend trading and currency movement

i personaly recomend you take a course if its available with 101 as a prerequisite to becoming a great currency trader
from BRIAN
  • #2,702
  • Nov 19, 2009 2:15am Nov 19, 2009 2:15am
Shorting the top 4 pairs and the bottom most pair (audjpy) made about 120 pips in 12 minutes

Attached Image
  • #2,703
  • Nov 19, 2009 10:46am Nov 19, 2009 10:46am
Quoting shiva
Shorting the top 4 pairs and the bottom most pair (audjpy) made about 120 pips in 12 minutes

Attachment
Hi Shiva,

Nice job !!

You use only week TF or another ?

Regards.
Ludo.
  • #2,704
  • Nov 19, 2009 12:36pm Nov 19, 2009 12:36pm
Hi Ludo, yes, I have a short memory span and can consider only a week at a time lol

Quoting surfeur
Hi Shiva,

Nice job !!

You use only week TF or another ?

Regards.
Ludo.
  • #2,705
  • Nov 19, 2009 5:30pm Nov 19, 2009 5:30pm
I've read this thread for a long time, now, and have had some success with this system, but nothing more than even one thousand pips/week, much less than what Julius has seemed to accomplish. I see the potential this has, but it seems to me that there is no hard rule on entry. I've read this thread front to back and have realized that everyone in here knows exactly what to do once in a trade (as it's all automated with the progressive stop script that Julius wrote), but no one can say, definitively, when we should all enter one. Every one has their own idea which, if it works for you, great! I just don't see, though, how some people can be short while others, at the same time, are long. It would seem to me that only going long or short when the anchors change would be the best approach, but that means there'd be very few trades. From what I understand through the times I've read this, though, Julius makes reentry trades, which blows my idea out of the water. Anyway, just throwing my two cents out there to see if anyone else is on the same page with me? If we can determine a solid rule-based entry, I think the majority of the "dumb" questions would be answered. Happy trading to all.
  • #2,706
  • Nov 20, 2009 3:19pm Nov 20, 2009 3:19pm
Quoting brijon
101s is a very different strategy, and is technical the best system, i recomended it for advanced traders to study this for good reason as it is simple the best multi currency system, but needs 101s help for many traders to understand this
i personaly recomened doing a course with 101 for multi currency trading

MANY TRADERS ARE MAKING HUGH PIPS PER WEEK TRADING PURE 101S SYSTEM

my self...
Hi Brain!

Once upon a time you do well to show up here, our basket idea home. Welcome.
Please can you guide about this excel sheet posted by Julius; I want to obtain it work for me from a fresh start, but don't know how to refresh it.
This copy posted was dated far back 2008, recorded from IBFX, how do customize it to my own broker? I attach hereunder the excel work file.(any person that understands, please make input)

Secondly, dear Brain; I've had difficulty downloading the videos in your thread, can you possibly send me zip files of those summaries "HH -LL".
[email protected]
Thanks for delighting in imparting knowledge freely to mates, and my Great regards for our home maker - Juliushttp://cdn.forexfactory.com/images/icons/icon10.gif
Attached File(s)
File Type: mq4 Dsn-02_Q2Exc_MultiP-GEN_CORVOmodter.mq4   5 KB | 1,427 downloads
File Type: xls 101WorkFile.xls   92 KB | 2,196 downloads
  • #2,707
  • Nov 21, 2009 1:02pm Nov 21, 2009 1:02pm
There was this question on page 180 which might create confusion among BTS trader that I want to respond below:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 16.GIF Size: 11 KB
  • #2,708
  • Nov 21, 2009 2:37pm Nov 21, 2009 2:37pm
Hi Julius,

You have just do 1 short trade this week ?

Regards.
Ludo.

Quoting trader101
Below here is one of the best set-up which you can adapt in trading the Basket. This only requires a lot of patience. Presented here are 3 figures for you to understand how your IA behave. All you need is to watch your IA over the days.

The week really started very slow from the time it started and we all feel it was again a boring ranging week. However we were just surprised that around 10:30 PM EST the market just suddenly started to trend without any warning at all....
  • #2,709
  • Nov 22, 2009 6:40am Nov 22, 2009 6:40am
Quoting Richard
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.
The Master T101 can explain much better than I , but the fact remains I have traded this system for some time now and find that the Universal Basket with (USD/CHF reversed) is a very effective way to make a profit. There is no question that if you were able to select one pair and trade it profitably with an equal or greater entry you could , in theory, earn the same return. The basket is in fact a hedge of sorts that allows for great profit with more limited risk. At least in my own experience. The key to using the basket effectively is timing and patience. I have my own set of tools some posted on this thread that I use but in the end I believe in this approach and have the results to be confident in it.

I suggest you try it on demo for a few weeks and see how well it works for you. I will tell you that it involves a lot of time to set up and even more time to use this system. This is not an easy road to get started n this. I spent countless days just evaluating my setup before even taking a demo trade let alone turning it to live trading.
  • #2,710
  • Nov 22, 2009 4:53pm Nov 22, 2009 4:53pm
Thank you for shedding a little more light on my post regarding entry, Julius. It's kind of you to share your method with us and I appreciate you taking the time to assist me. Happy trading to all!
  • #2,711
  • Nov 23, 2009 3:05am Nov 23, 2009 3:05am
Quoting Richard
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.
I had a long basket trade today for +500 pips. 4 of the pairs lost, one of them was GBPCHF for -60 pips. I made about $500 using 1 IBFX mini lot on each pair. So 14 times a mini lot is 1.4 standard lots. If I had placed 1.4 lots on GBPCHF I would have lost approx $840.

I think I will stick to trading the basket thank you.
  • #2,712
  • Nov 23, 2009 12:24pm Nov 23, 2009 12:24pm
Quoting trader101
Below here is one of the best set-up which you can adapt in trading the Basket. This only requires a lot of patience. Presented here are 3 figures for you to understand how your IA behave. All you need is to watch your IA over the days.

Julius
Hello Julius,
Could you direct me to any available directions for setting up the data connection for Franco's Excel file? I've tried unsuccessfully to do that. I sent a PM to Franco with a question about that process but haven't heard back. If there's a more recent Excel file that you'd recommend, and which uses the universal basket of pairs, could you direct me to that? I'd like to try using the Excel sheet as I think the ability to highlight anchor pairs might help me track the evolution of the IA.

Your post about this week is interesting as like you mentioned, it seemed the IA didn't want to settle. I took my eye off the ball toward the end of the week, and then the market took a direction

Any help will be appreciated--Thanks.

LeoM
  • #2,713
  • Nov 23, 2009 12:55pm Nov 23, 2009 12:55pm
Quoting Barcode
I had a long basket trade today for +500 pips. 4 of the pairs lost, one of them was GBPCHF for -60 pips. I made about $500 using 1 IBFX mini lot on each pair. So 14 times a mini lot is 1.4 standard lots. If I had placed 1.4 lots on GBPCHF I would have lost approx $840.

I think I will stick to trading the basket thank you.
Try shorting USDCHF and GBPCHF on a long basket. Make sure you are using Universal Hedge pairs aswell to determine the trend.
  • #2,714
  • Nov 23, 2009 2:29pm Nov 23, 2009 2:29pm
hi leomaster,
http://cdn.forexfactory.com/images/m...bits_start.gif Forums > Commercial Forum (beta)
http://cdn.forexfactory.com/images/m..._finallink.gif Simple Trading Method with trader101



page 15,you will find instructions and scripts ect
regards william,
these are the original ones i think you have to jion the class to get latest
  • #2,715
  • Nov 23, 2009 4:26pm Nov 23, 2009 4:26pm
Thanks Diceman, but those are the ones I've tried to setup. How do you join the class you mentioned?
  • #2,716
  • Nov 23, 2009 9:36pm Nov 23, 2009 9:36pm
Quoting sidhujag
Try shorting USDCHF and GBPCHF on a long basket. Make sure you are using Universal Hedge pairs aswell to determine the trend.
I looked thru my results and it works sometimes and sometimes not. I'll stick to Julius's Universal Hedge where he shorts USDCHF and EURGBP on a long basket. He has spent over 3 years working on this system so I would assume he has tried most combos.
  • #2,717
  • Nov 24, 2009 12:51am Nov 24, 2009 12:51am
Quoting Barcode
I looked thru my results and it works sometimes and sometimes not. I'll stick to Julius's Universal Hedge where he shorts USDCHF and EURGBP on a long basket. He has spent over 3 years working on this system so I would assume he has tried most combos.
Yea depends how the market is at the time. USDCHF is for sure... eurgbp and gbpchf are secondary.
  • #2,718
  • Nov 24, 2009 12:20pm Nov 24, 2009 12:20pm
leomaster
if you look on t101,s msg,s ther is a link wher you will find all the info you require.im also having some problems with excell as a post by sombody stated ,how to refresh the data to the present,maybe sombody who could guide us who are having problems could help.ive tried with al the guides ive found on this thread but still havnt got it right,im studing the excell manuel but for me its like reading acient greek
regards william
  • #2,719
  • Nov 26, 2009 4:48am Nov 26, 2009 4:48am
It's hard to trade basket pairs when *USD is big Long and *JPY no want go Long :/
  • #2,720
  • Nov 26, 2009 11:20am Nov 26, 2009 11:20am
Hello to Trader101 and the other contributors..

Just wanted to thank you all for sharing your hard work..

I have (unfortunately) only recently picked up this thread - and getting to grips with the way the system works..(Sorry to take up valuable thread space)

Today I managed to create the basic set up and test, and it has been very succesful.
I am guessing that today was a particularly good day as the market has been heading south most of the time.

Regardless - there has been and is obviously a huge amount of thought and effort put in to create this..

So thanks again - for sharing and allowing people such as myself the opportunity to be able to learn and hopefully work with it..

Regards

p.s Happy holidays for the USA
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