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As simple as possible: 00 level trading

  • #161
  • Jun 4, 2014 3:00am Jun 4, 2014 3:00am
recovered my loss from earlier

+10 for EURAUD and my actuall screen look

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.PNG Size: 67 KB
  • #162
  • Jun 4, 2014 3:34am Jun 4, 2014 3:34am
back, had a power black out...

GJ out @ BE
Attached Image
Sleep less, live fast, as it aint gonna last
  • #163
  • Jun 4, 2014 3:37am Jun 4, 2014 3:37am
Quoting FabioMatrix
Hi Udine thanks a lot forsharing i'm a newbie, started demo account trading only 2 weeks ago maybe my question may sound ridiculous so... have mercy! the ADR of a pair starts from any new market opens? I mean Tokyo open, i set the 00 open line on EUR/JPY and start waiting for 1D and 1H to match the same color and Bang i go long/short according to the trend (sticking to the rules and not being greedy). Then? EUR market open, i set the 00 open line on EUR/CAD for example, and start waiting for 1D and 1H to match the same color... Am I correct?...
Hi FabioMatrix,

The ADR starts at the new day of your broker, the daily open line as well. hope that answers your question
Sleep less, live fast, as it aint gonna last
  • #164
  • Jun 4, 2014 3:39am Jun 4, 2014 3:39am
Quoting goldcourse
Udine, Firstly, thank you for this simple strategy. I've got a question to ask you .... What will you do when a trade either did not reach TP or is negative when a new H1 candle starts? Thanks
If there is no new signal I keep the trade open.

If there is a trade setting in the other direction, that means the SL will be hit and a new position will be opened
Sleep less, live fast, as it aint gonna last
  • #165
  • Jun 4, 2014 3:39am Jun 4, 2014 3:39am
Udine, The trade was short @171.500? GJ @10:45 Alpari?
  • #166
  • Jun 4, 2014 3:42am Jun 4, 2014 3:42am
When we attach the Wheelbarrel EA on Chart, should we leave the settings as default?
Or do you have specific settings?

default:
Attached Image
  • #167
  • Jun 4, 2014 3:42am Jun 4, 2014 3:42am
Quoting bivt
udine thanks for sharing... i want to ask, can i put WUKAR and Wheelbarrel EA on the same chart ? or i just the same ? on wukar TP and SL is 9pips? and Wheelbarrel 4pips TS.

1. no its not possible to put on same chart
2. no they are not the same... WUKAR = hidden TP and SL; Wheelbarrel is trailstop
Sleep less, live fast, as it aint gonna last
  • #168
  • Jun 4, 2014 3:44am Jun 4, 2014 3:44am
none of the trade setup %100 ,a reverse direction setup does not mean that the floating is wrong .my2cents

Quoting Udine
{quote} If there is no new signal I keep the trade open. If there is a trade setting in the other direction, that means the SL will be hit and a new position will be opened
My Best Trade is Next Trade!
  • #169
  • Jun 4, 2014 3:44am Jun 4, 2014 3:44am
no trading for me at the moment. Just got info, will most probably shut down the power again in 15 minutes... better go and play golf... its nice weather here...
Sleep less, live fast, as it aint gonna last
  • #170
  • Jun 4, 2014 3:47am Jun 4, 2014 3:47am
Quoting bertpost
Udine, The trade was short @171.500? GJ @10:45 Alpari?
My trade was 1 hour earlier.... please check my chart
Sleep less, live fast, as it aint gonna last
  • #171
  • Jun 4, 2014 3:48am Jun 4, 2014 3:48am
Quoting Jeffray
When we attach the Wheelbarrel EA on Chart, should we leave the settings as default? Or do you have specific settings? default: {image}
HAve the settings @ 35 (trailstop & Break Even)
Sleep less, live fast, as it aint gonna last
  • #172
  • Jun 4, 2014 3:50am Jun 4, 2014 3:50am
Quoting Udine
{quote} If there is no new signal I keep the trade open. If there is a trade setting in the other direction, that means the SL will be hit and a new position will be opened
Udine,

Thank you for the answer.
  • #173
  • Jun 4, 2014 4:06am Jun 4, 2014 4:06am
Quoting Udine
{quote} Hi FabioMatrix, The ADR starts at the new day of your broker, the daily open line as well. hope that answers your question
hi you mean on my MT4 when the Market Watch is 00:00?
here my MT4 image
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-04_135731.jpg Size: 190 KB
  • #174
  • Jun 4, 2014 4:12am Jun 4, 2014 4:12am
Quoting Udine
{quote} My trade was 1 hour earlier.... please check my chart
Thanks Udine.
But is the short trade 1 hour later also valid?
  • #175
  • Jun 4, 2014 4:12am Jun 4, 2014 4:12am
power back, work done, so back to business...
Sleep less, live fast, as it aint gonna last
  • #176
  • Jun 4, 2014 4:13am Jun 4, 2014 4:13am
Quoting bertpost
{quote} Thanks Udine. But is the short trade 1 hour later also valid?

Yes it was

Udine
Sleep less, live fast, as it aint gonna last
  • #177
  • Jun 4, 2014 4:15am Jun 4, 2014 4:15am
Quoting camvcvoo
i see most suitable pairs are gbpaud & gbpjpy.
gbpaud adr 113
euraud adr 98
eurnzd adr 113
gbpjpy adr 83
Sleep less, live fast, as it aint gonna last
  • #178
  • Jun 4, 2014 4:16am Jun 4, 2014 4:16am
most probably indecision time until the red new of later today !!
Sleep less, live fast, as it aint gonna last
  • #179
  • Jun 4, 2014 4:21am Jun 4, 2014 4:21am
Quoting FabioMatrix
{quote} hi you mean on my MT4 when the Market Watch is 00:00? here my MT4 image {image}
yes
Sleep less, live fast, as it aint gonna last
  • #180
  • Jun 4, 2014 4:23am Jun 4, 2014 4:23am
hi there Udine - great stuff, just a quick question because im still not getting the execution details.

So you are looking for D1 and H1 to be same color - so if thats the case, why do you trade using the M15 chart ? So at the beginning of each hour, if the colors are the same, u set your pending order based on H1 agreeing with D1, so where does the M15 come into play ? Or are u saying the M15 is the trigger - ie, every 15mins you look for a new entry based on that D1 and H1 ?

Thx - your strategy is the type of thing that can turn a losing trader into a winner, well done
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