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As simple as possible: 00 level trading

  • #181
  • Jun 4, 2014 4:31am Jun 4, 2014 4:31am
Quoting pipmyride
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...
To be honest you can trade this of the 1H, but when I have the 15M chart up, its bigger,so for my eyes less strain, so easier to look at. that is the only reason
Sleep less, live fast, as it aint gonna last
  • #182
  • Jun 4, 2014 4:33am Jun 4, 2014 4:33am
Got a message of someone who asked how to use pending orders..

my answer: if you want to make money in forex, you must treat it as a business and you MUST work as a professional.

that means know your tools (in this case MT4) inside out...
Sleep less, live fast, as it aint gonna last
  • #183
  • Jun 4, 2014 4:33am Jun 4, 2014 4:33am
Quoting Udine
{quote} To be honest you can trade this of the 1H, but when I have the 15M chart up, its bigger,so for my eyes less strain, so easier to look at. that is the only reason
excellent thx thats wot confused me
  • #184
  • Jun 4, 2014 4:42am Jun 4, 2014 4:42am
+21 points today on it !
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 72 KB
Trade Safe !
  • #185
  • Jun 4, 2014 4:53am Jun 4, 2014 4:53am
Quoting Goodgame42
+21 points today on it ! {image}
Well done ! Quit for the day !!

your goal is to get consistent, every day, so you simply know that when you wake up YOU WILL MAKE MONEY !!
Sleep less, live fast, as it aint gonna last
  • #186
  • Jun 4, 2014 4:57am Jun 4, 2014 4:57am
Quoting Udine
{quote} Well done ! Quit for the day !! your goal is to get consistent, every day, so you simply know that when you wake up YOU WILL MAKE MONEY !!
Exactly !
Maybe 1 or 2 trades at NYO and stop for the day
Trade Safe !
  • #187
  • Jun 4, 2014 5:15am Jun 4, 2014 5:15am
Udine, one simple stupid question...

I cant get the grey horizontal lines plotted on my EJ and GA Chart... They are plotted on GJ but are not showing on the others.
Which settings should I change on which indicator?
  • #188
  • Jun 4, 2014 5:36am Jun 4, 2014 5:36am
Quoting Jeffray
Udine, one simple stupid question... I cant get the grey horizontal lines plotted on my EJ and GA Chart... They are plotted on GJ but are not showing on the others. Which settings should I change on which indicator?
not a stupid question
Attached File(s)
File Type: mq4 Grid_v2.mq4   4 KB | 1,391 downloads
Sleep less, live fast, as it aint gonna last
  • #189
  • Jun 4, 2014 5:41am Jun 4, 2014 5:41am
Quoting Udine
{quote} not a stupid question {file}

is there a way of trading this manually without using the wukar or wheelbarrow indicators ? just by following the candlestick colours and round numbers ?

of course, this is for those who cannot download stuff on thier computers.
  • #190
  • Jun 4, 2014 5:47am Jun 4, 2014 5:47am
Quoting whatfx
{quote} is there a way of trading this manually without using the wukar or wheelbarrow indicators ? just by following the candlestick colours and round numbers ? of course, this is for those who cannot download stuff on thier computers.
Whatfx,

Sure the WUKAR and Wheelbarrel are both EA's.

you just have to check the trades manually very closely

It is basically trading 00 levels when D1 and H1 color are the same, nothing new under the sun
Sleep less, live fast, as it aint gonna last
  • #191
  • Jun 4, 2014 5:51am Jun 4, 2014 5:51am
hey udine does the candle has to close beyond the 00 line or can it spike through it and don't close beyond it, which one is it ?
  • #192
  • Jun 4, 2014 5:51am Jun 4, 2014 5:51am
Done for the day.. EJ and GJ to TP !!
Attached Image (click to enlarge)
Click to Enlarge Name: 140604 done.jpg Size: 272 KB
Sleep less, live fast, as it aint gonna last
  • #193
  • Jun 4, 2014 5:54am Jun 4, 2014 5:54am
Quoting Udine
Done for the day.. EJ and GJ to TP !! {image}
Awesome buddy... just missed these trades doin other stuff...
Very nice move indeed


PS: thx for the Grid Indi
PPS: Unfortunately the Grid Indi is protected Can't open it and cannot drop it on the chart.
  • #194
  • Jun 4, 2014 5:54am Jun 4, 2014 5:54am
Quoting brath
hey udine does the candle has to close beyond the 00 line or can it spike through it and don't close beyond it, which one is it ?

you have pending order set at 00 level, so when it goes through you are in the trade, no waiting at all !!
Sleep less, live fast, as it aint gonna last
  • #195
  • Jun 4, 2014 5:58am Jun 4, 2014 5:58am
Hi Udine,

Well I think I am missing something because whatever I tried so far, I am still not able to see any kind of 00 levels you are mentioning all the time.

What is the 00 level and which indicator is creating them?

Many Thanks
Focus only on what truly matters!
  • #196
  • Jun 4, 2014 6:03am Jun 4, 2014 6:03am
Quoting Ata-Turkoglu
Hi Udine, Well I think I am missing something because whatever I tried so far, I am still not able to see any kind of 00 levels you are mentioning all the time. What is the 00 level and which indicator is creating them? Many Thanks
Show me your chart !!
Sleep less, live fast, as it aint gonna last
  • #197
  • Jun 4, 2014 6:06am Jun 4, 2014 6:06am
Hi Udine. System looks great. I am new to MT4 so still getting used to it. I cannot get the arrows to appear in my charts. Is there something other than the profile or templates that needs to be run?
  • #198
  • Jun 4, 2014 6:09am Jun 4, 2014 6:09am
Quoting geoffhi
Hi Udine. System looks great. I am new to MT4 so still getting used to it. I cannot get the arrows to appear in my charts. Is there something other than the profile or templates that needs to be run?
if you mean the small arrow, those are my trades I dragged on the charts
Sleep less, live fast, as it aint gonna last
  • #199
  • Jun 4, 2014 6:09am Jun 4, 2014 6:09am
Here is the fixed Grid Indicator.

This one is now working on Mt4 Build 646

Attached File(s)
File Type: ex4 Grid_v2.ex4   7 KB | 1,072 downloads

Attached File(s)
File Type: mq4 Grid_v2.mq4   4 KB | 1,278 downloads
  • #200
  • Jun 4, 2014 6:11am Jun 4, 2014 6:11am
Should i use this system with bigger spreads or shouldnt ? If yes should i add spread difference to stops or tp's ?
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