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Simple Trading Method with trader101

  • #2,801
  • Jan 6, 2010 6:04pm Jan 6, 2010 6:04pm
Quoting manperm
It appears you and I are on the same page with this entire system, as I have basically the same concerns, especially regarding the proper exit strategy. It is definitely a system that must be watched, but the rewards are worth it. I, too, am using only a demo account until I become 100% comfortable with entry and exit. I began creating an excel spreadsheet last night to see if I can mimic what you've done, as that seems to make everything much easier to understand. Thank you for your time and happy trading to everyone!
You can't stay to watch every hour/minute. Julius's lock profit EA supposed to lock profit at certain level but not all of the time the basket will turn perfectly. I notice my basket trades gave back the profit when their combined profit not yet meeting target. Another example is my EU/EJ tandem trades gave back the profit yesterday after reaching 150 pips gain. The worse is they turned negative. I wish Julius would share his finding on the exit portion of this system. Not that I am lazy to monitor but sometimes you are sleeping when the basket positions had a dramatical change.

This is the reason why tandem trades are more suitable for me than the full basket trade. It has smaller exposure, lesser spread loss and shorter timeframe (with higher risk of course).

The numbers on my spreadsheet is the rate of change from past hours for each position. There is nothing special about that. That's for my research purpose. T101 system only emphasises on position of each pairs. Glad to see there is a lot of traders are still looking at this system though the thread seemed rested for a year.
  • #2,802
  • Jan 6, 2010 9:18pm Jan 6, 2010 9:18pm
Quoting tallman
First of all, I have to stress that I am only a practitioner of T101 system so I might be wrong. Please correct me if you think I am wrong thanks.


Hi Kash,

Regarding your question on OREST, I am not sure which timeframe you are looking at on your OREST indicator. If you look at 1week, that is the column that 'simulates' IA open on the beginning of the week. Difference of brokers is not significant, (I guess).

Thanks for the response. I am also in the fase of learning and researching. Infact I quoted you the positions of orest for the wkly tf.
  • #2,803
  • Jan 9, 2010 10:30am Jan 9, 2010 10:30am
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...
Example 1 (Red is Sell Pair, Blue is Buy Pair)
1. AUDUSD +350
2. NZDJPY +300
3. GBPCHF +270
4. EURUSD +250
5. EURCHF +220
6. CHFJPY +100
7. USDCHF +81
8. USDJPY +80
9. EURGBP -110
10. NZDUSD -120
11. GBPUSD -200
12. EURJPY -280
13. AUDJPY -290
14. GBPJPY -300

Based on the example 1 above, USDCHF(BuyPair) crosses the boundary of positive (SellGroups), USDJPY(SellPair) crosses the boundary of negative (BuyGroups).

Question 1: Even USDJPY(SellPair) crosses the boundary of negative (BuyGroups), but USDJPY still in +80. for this type of jumping still valid? Could we still Buy USDJPY and USDCHF?

Question 2: USDCHF(BuyPair) and USDJPY(SellPair) are only differ from 1 pips, for this type of jumping still valid? Could we still Buy USDJPY and USDCHF? IF NOT, may I know how many pips at least differ from each other only valid for pair jumping and long or short 14 pairs??

Example 2 (Red is Sell Pair, Blue is Buy Pair)
1. AUDUSD +350
2. NZDJPY +300
3. GBPCHF +270
4. EURUSD +250
5. EURCHF +220
6. CHFJPY +100
7. USDCHF -80
8. USDJPY -90
9. EURGBP -110
10. NZDUSD -120
11. GBPUSD -200
12. EURJPY -280
13. AUDJPY -290
14. GBPJPY -300

Based on the example 2 above, USDCHF(BuyPair) crosses the boundary of positive (SellGroups), USDJPY(SellPair) crosses the boundary of negative (BuyGroups).

Question 3: Even USDCHF(BuyPair) crosses the boundary of positive (SellGroups), but USDCHF still in -80. for this type of jumping still valid? Could we still Buy USDJPY and USDCHF?
  • #2,804
  • Jan 10, 2010 7:55am Jan 10, 2010 7:55am
Quoting tallman
I am glad to share and pleased that you understand. I am a practitioner of this system too. As Trader101 mentioned, we will explore more things eventually if we never gave up. I started to look at this so-called 'great system that gone extinct' on Dec last year and from my experience I think it is possible but the journey will be difficult. I understand the reason of frustration from a lot of people. They only want to drag and drop an indicator/EA onto a chart and make profit. Ya, they only want easy way out and this system (or forex in greater...

hello i newbie,i look this system very nice..u using excel xls can u teach me install where i can get this?
  • #2,805
  • Jan 10, 2010 2:58pm Jan 10, 2010 2:58pm
I've read where a lot of people are trying to open the demo IA (Indicator Account) trades each Sunday right when the FX market opens. Here's an idea...How about closing and re-opening your weekly IA account trades on Fridays right before your broker stops trading for the week so you don't have to be concerned about opening your IA account trades at the exact opening of the market on Sundays.

I hope this helps! =)
  • #2,806
  • Jan 10, 2010 7:55pm Jan 10, 2010 7:55pm
Hi all,

One of the reason why Julius left is because a lot of newbies flooded this thread thinking that this is the Holy Grail of forex. If you ask me how to use this system, I have to say no because anything you need is to start is on the previous 180 posts. The requirement is the read every single 'good' post within this thread. No freebies too. Anything you need to start this journey, you need to develop yourself be it a EA, indicator, program etc. This is not a suitable system for those that thinks it is fast and easy money, in fact, this is a very tedious system. Most of the time, we got ourselves lost because we simply do not understand.

So, we are here to discuss any finding we found and learn from each other. I think that's what Julius wants us to do.

klhh: I don't think we can answer you. This system, or maybe to be precise, this 'idea' is only a tool. For example, RSI. We are still exploring and everything you learnt is an experience. So, your question is something like "if RSI is at 25%, is it oversold?" and "if MA(30) cross MA(100) but not MA(25) cross MA(100), do you find it bullish?" Sorry if you find I am rude, I am just a bit straightforward. You have to explore the system. Perhaps we can share something like:

On 4 Jan 10.00, I saw USDJPY and USDCHF switches position with 5pips difference. After 5 hours, I found out that these pairs switch is invalid because the difference is too small. Looks like anything below 5pips is insignificant afterall. The strength difference is too small to judge for the first 1 hour pair cross.

What I can share as general:
Crossing of pairs does matter even though it is insignificant because it shows the market is changing. However, crossing of pairs can be false alarm sometimes therefore we need a cut loss limit. Even if the cross pairs have significant difference, it can recover to previous position in the next hour. In forex, we understand anything under H4 is noise, anything under H1 is larger noise. To open or do not open a position, it is based on your experience and risk appetite.

I got a feeling that you haven't try to use IA at all because if you use it and observe for few weeks or few months you will find the pattern of pair flow.

One of the finding I got here is people only wants straight answers from Trader101 but not exploring with him. If we would able to contribute some findings, we will able to polish this system.
  • #2,807
  • Jan 11, 2010 1:25pm Jan 11, 2010 1:25pm
Hey guys did "Profit Protect" still work or not?I do not use this year yet.
  • #2,808
  • Jan 11, 2010 2:09pm Jan 11, 2010 2:09pm
PP still works fine.
  • #2,809
  • Jan 12, 2010 1:52am Jan 12, 2010 1:52am
Quoting maxu08
PP still works fine.
Hi maxu08,

My profit protect says expired! If yours is still OK, would you post attachment for me to download, thanks in advance
  • #2,810
  • Jan 12, 2010 4:07am Jan 12, 2010 4:07am
Quoting maxu08
PP still works fine.
Thank you!
I was just confused because some traders said that "Profit Protect" expired, other - there are no problems with using..........
My "Profit Protect" still not gave expiry message and i just tested on demo and closed my 14 baskets on profit.
Why some "Profit Protect"s expired and other no?Any suggestions?
  • #2,811
  • Jan 12, 2010 5:24pm Jan 12, 2010 5:24pm
Hi,
I found that all the scripts and indicators not work on the broker above, though i've changed the symbol to follow the broker which add the XF behind each symbol currency pairt but is not working.

Appreciate if anyone can help me in this? Thx.

Sam
  • #2,812
  • Jan 12, 2010 5:59pm Jan 12, 2010 5:59pm
Quoting oplin
Hi,
I found that all the scripts and indicators not work on the broker above, though i've changed the symbol to follow the broker which add the XF behind each symbol currency pairt but is not working.

Appreciate if anyone can help me in this? Thx.

Sam
This belongs to technical support thread. Firstly, Forex.com uses FXF as post-fix if I am not mistaken.

If more and more such questions are posted, I afraid Julius will be shuting down the thread again. I think I will stop here.
  • #2,813
  • Jan 12, 2010 7:18pm Jan 12, 2010 7:18pm
After serious thought about this method shown to us by Julian and demo trading it for a month, I've decided to trade this system with MY OWN MONEY.

This is a great method of trading, I will continue to trade this method as my main system. Although this is a great system it doesn't mean you can't forget your trading psychology fundamentals and risk fundamentals. That being said.. THANK YOU JULIUS! Well done.


Last trade exit 8:15pm EST. Profit +154 pips.
  • #2,814
  • Jan 12, 2010 10:11pm Jan 12, 2010 10:11pm
Quoting tallman
This belongs to technical support thread. Firstly, Forex.com uses FXF as post-fix if I am not mistaken.

If more and more such questions are posted, I afraid Julius will be shuting down the thread again. I think I will stop here.

Thanks for the advice tallman, will post the question in the technical thread.
  • #2,815
  • Jan 18, 2010 11:55am Jan 18, 2010 11:55am
Has this thread died, did people actually make any money with this??? i AM interested but there seems very little info about the success in all these posts
  • #2,816
  • Jan 18, 2010 1:45pm Jan 18, 2010 1:45pm
why do you need info about success? read the forum and try it on a demo account and you will see for yourself if it is a good system for you or not.
the system works fine but it takes a lot of practice.
  • #2,817
  • Jan 18, 2010 2:30pm Jan 18, 2010 2:30pm
Quoting maxu08
why do you need info about success? read the forum and try it on a demo account and you will see for yourself if it is a good system for you or not.
the system works fine but it takes a lot of practice.
maxu08

I have demeod it, sometimes I make some, sometimes I lose sum but I don't seem to make any big profits over time, I know that it takes practise but I don't see anyone else bragging. May ask how much you have made since starting.. 10%>, 20%>,2000%>.
  • #2,818
  • Jan 19, 2010 1:57am Jan 19, 2010 1:57am
Quoting MensaPiont
maxu08

I have demeod it, sometimes I make some, sometimes I lose sum but I don't seem to make any big profits over time, I know that it takes practise but I don't see anyone else bragging. May ask how much you have made since starting.. 10%>, 20%>,2000%>.
Hi, I have tried it on a demo account for about 8months and then went live with a small investment. I have lost some money both on demo and live trading, but that was because I had not understood the system fully or I had demonstrated less patience, but the percentage of gain was superior to the percentage of loss. To tell you the truth, this system works but you have to study alot, you have to get the feel of the market's price action. Julius has given us something which according to me pushes us to research and according to our psychology create a system that works. The way I trade by this system may not work for you and viceversa. Try it more on demo, and when you open the trades, comment out the reason why you are taking the trade, then stick to it. Go back to it after 2/3 wks and read it out, then you will start to understand. The above worked for me, may be it works for you too....just my 2cents.

Kind regards
Kashif
  • #2,819
  • Jan 19, 2010 10:50pm Jan 19, 2010 10:50pm
Quoting tallman
What I can share as general:
Crossing of pairs does matter even though it is insignificant because it shows the market is changing. However, crossing of pairs can be false alarm sometimes therefore we need a cut loss limit. Even if the cross pairs have significant difference, it can recover to previous position in the next hour. In forex, we understand anything under H4 is noise, anything under H1 is larger noise. To open or do not open a position, it is based on your experience and risk appetite.
I got your point.. thanks bro.. i'm watch the overall movement and now i'm clearly understand where to start my trade.. i love the pattern thanks a lot..
  • #2,820
  • Jan 20, 2010 7:37am Jan 20, 2010 7:37am
My IA this week, anchor was displaced 12 hours ago. Too bad I was not in front of my computer. (That's one of the limitation I pointed out)

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+500 over pips if opened on the same hour. Sell on bottom, first one reach top anchor. All 14 pairs short.
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