All currencies trading vs one currency ? | Forex Factory

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All currencies trading vs one currency ?

  • #1
  • First Post: May 9, 2014 7:14am May 9, 2014 7:14am
Most of us have specific currencies we like to trade, either being EURUSD, USDJPY, AUDUSD, EURGBP, etc.

The problem (in my view) with this is its much more difficult to remain patient and wait for the correct entry point and might from time to time see signals which are not there, simply because you feel you are loosing out on a trade.

Having the full basket of currencies to trade from offers much more possibilities and trading opportunities.

Have a look at this 2minute video showing a high leverage trading opportunity for all currencies with the following criteria :
- 4H & 1H charts are used to establish a trend (either going long or short)\
- 5M & 1M (or just 5M) charts used to establish entry point
- Target pips daily are 15 pips
- Opening equity / investment is USD10 (minimum)

Based on this, the account (with the power of leverage) can grow to USD580 (or 5000% growth) within 30 days.

Please give your thoughts on this ?

Thanks

Inserted Video
  • #2
  • May 9, 2014 7:46am May 9, 2014 7:46am
Like the idea

Why not start with $50?

Using 500:1 leverage one can trade a mini lot ($1 a pip)
  • #3
  • May 9, 2014 7:53am May 9, 2014 7:53am
I guessed your account will be busted in 1 minute. It is not patient or not patient, each currency have their own characteristics as well as correlation with each other. Theoretically it is simple with a 2 minutes 5 seconds video. But do give it a try. I guess you don't mind spending that $10 and do let us know the results.
  • #4
  • May 12, 2014 6:25am May 12, 2014 6:25am
Quoting jmtini
Like the idea Why not start with $50? Using 500:1 leverage one can trade a mini lot ($1 a pip)
Hi

Yes you can start with $50 as well, but the idea is to keep the capital at risk low.

Its easier to part with $10 than $50 - you can also have 5 accounts with $10 each to have not all your eggs in one basket.
  • #5
  • May 12, 2014 6:27am May 12, 2014 6:27am
Quoting thevolatile
I guessed your account will be busted in 1 minute. It is not patient or not patient, each currency have their own characteristics as well as correlation with each other. Theoretically it is simple with a 2 minutes 5 seconds video. But do give it a try. I guess you don't mind spending that $10 and do let us know the results.
Yes it can but 99% not. I understand each currency has their own characteristics, but it still remains currency trading.

A BMW, Mercedes, Toyoya, Ford, etc all drive differently, but if you can drive one you can drive them all. With time you learn the small differences between them.
  • #6
  • May 12, 2014 6:55am May 12, 2014 6:55am
I'll give it a try thanks Janus
  • #7
  • May 12, 2014 7:02am May 12, 2014 7:02am
okay not a good start.... inusfinancial.co.za does not load a page, i tried several combinations, and exactly as it was on the doc with the .zip
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  • #8
  • May 12, 2014 7:03am May 12, 2014 7:03am
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  • #9
  • May 12, 2014 7:05am May 12, 2014 7:05am
Could you upload the indicators, thank you
  • #10
  • May 12, 2014 7:17am May 12, 2014 7:17am
All currencies trading vs one currency?

We're already doing that, it's called the USD the reserve currency. 1 to 5 minute chart? forget about it, you have to be a master trader to go down there. It's not a sprint, it's a marathon.
Being a trader is lonely, but being a great trader is lonelier still
  • #11
  • May 12, 2014 7:17am May 12, 2014 7:17am
Quoting Verve
Could you upload the indicators, thank you
Hi Verve

Apologies, experiencing difficulties with my service provider.

Attached is the indicator.

Shout if you have questions.

Janus
Attached File(s)
File Type: zip Uranus MT4.zip   680 KB | 297 downloads
  • #12
  • May 12, 2014 7:59am May 12, 2014 7:59am
Quoting janusdp
{quote}... Shout if you have questions. Janus {file}
A few questions and help please Janus,

I followed the steps as on the pdf but the indicator has no data, just black as in the image.
I reloaded etc, now should i adjust any settings? i changed the colour from black that didnt do anything, i also changed the background.
I have setup the EA as described on page 1 of pdf.
I thought from the video that this was a manual system is it automated?
Attached Image (click to enlarge)
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  • #13
  • May 12, 2014 8:05am May 12, 2014 8:05am
We assume you have a trading plan that is currently working okay, giving you good setups from time to time, and a money management scheme of some sort in place, at least to avoid the "Death trade".

Then this should appear to you to be reasonable.

"The more pairs you are looking at, the more good trading opportunities will present themselves to you"

the thing to watch for is that you have room in your margin for only so many trades at your present lot size. If you triple the number of pairs you watch, it is wise to cut the lot size of each trade a third or so until you get an idea of what this change does to your margin.

You will have a greater number of trades open at any time and this will do things to your margin. Avoid going under a margin level of 2%.

You will make more money, if you were making money the other way. (of course, if you were losing money that way, it's a different story).

You may wish to try this for a week or so in a demo
  • #14
  • May 12, 2014 8:12am May 12, 2014 8:12am
Quoting Verve
{quote} A few questions and help please Janus, I followed the steps as on the pdf but the indicator has no data, just black as in the image. I reloaded etc, now should i adjust any settings? i changed the colour from black that didnt do anything, i also changed the background. I have setup the EA as described on page 1 of pdf. I thought from the video that this was a manual system is it automated? {image}
Hi Verve

It is a manual system. The exe file should extract the files to the correct folders of your MT4 program.

Once you have done that, you should exit MT4, reopen it again, then click on Chart, Template, then on Uranus (as I recall, not at my pc at the moment).

If you dont succeed, I will have a look when I get to PC.

Janus
  • #15
  • May 12, 2014 8:43am May 12, 2014 8:43am
Quoting janusdp
{quote} The exe file should extract the files to the correct folders of your MT4 program. Once you have done that, you should exit MT4, reopen it again, then click on Chart, Template, then on Uranus (as I recall, not at my pc at the moment). If you dont succeed, I will have a look when I get to PC. Janus
Its almost working, please note since metaquotes made changes to layout of folders etc this may be causing issues.
Firstly when i launched the exe it could not find any mt4 programs on my pc. so i had to locate a version of mt4 in

C:\Users\FTU\AppData\Roaming\MetaQuotes\Terminal

Which folder should i direct the program to install into (image 1)

As you can see i have many versions of mt4 (image 2)

This is what i have after clicking on Charts/templates/uranus (image 3)

Thank you for your assistance, apologies for not getting this working
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  • #16
  • May 12, 2014 9:19am May 12, 2014 9:19am
Im making some progress, i reinstalled the program locating a new folder each time and now as you can see in the image its almost there, except the indy at the bottom is still non existent
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  • #17
  • May 13, 2014 12:58pm May 13, 2014 12:58pm
Hello Janus, any update to website and how to correctly install indys, thanks
  • #18
  • Last Post: May 14, 2014 4:14am May 14, 2014 4:14am
Okay Janus whats the deal, i see you posting on various threads, are you trying to upload viruses, promote business.. maybe you'v been made commercial by now, hey ho ill stick to my own strategies.. no one is giving anything with 5 bullet points
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