My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
As simple as possible: RENKO M5 trading 75 replies
Trading is this Simple? Finally Explained simple and clearly! 46 replies
Simple Level Trading 1 reply
Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies
Disliked{quote} Whatfx, You're trading based on the color of the current candle at the time that it crosses your sweetspot or 00. If you're trading short (daily) and a 1hr candle opens, it has to travel lower to reach the next 00, so it would have to be red at that point. Even if it raises a couple of pips and is temporarily green, you could still place your pending at that next 00 down because by the time it gets there the candle will be red.Ignored
DislikedDon't want you to close thread. It was just odd to find something so similar to what TRO has been posting for years. No doubt this worls, TRO proved it with statistics.Ignored
DislikedHi everyone, Just wondering if anyone has made a fully automated EA for this system? Maybe we can get something made?Ignored
DislikedHi Udine, I create a automatic trading EA base on your idea. Here the chart that I created and the 2 winning trades undertook today.Ignored
DislikedYour reward = 2% per trade Your risk = 4% per trade What is your max risk % on a daily basis? Do you know the win % if you adjusted to a 1:1 R/R ratio? Just curious if the way you trade is the only profitable way. Thank you for sharing.Ignored
DislikedDon't want you to close thread. It was just odd to find something so similar to what TRO has been posting for years. No doubt this worls, TRO proved it with statistics.Ignored
Disliked{quote} yes, your explanation is better. You may be right in what you say. However I see various issues with it. And trading this way resulted in two losses of 10 pips in a row on yestedays Eurjpy during London open. Will get back to you folks tomorrow, off to bed now. Already very late.Ignored
DislikedHi Udine, Thank you for your system. One question: If we have got a profit in BUY stop order at a big enough ADR pair, and in that SAME hour, the price goes down, so the D1 & H1 become red. At that hour, there is no big news, and the RoomDown still big enough (may be 10-20pips). May we open a Sell stop order at 00 level ? So there are BUY stop & SELL stop order in the same H1 candle. ThanksIgnored
DislikedHi Udine, I create a automatic trading EA base on your idea. Here the chart that I created and the 2 winning trades undertook today. {image} Since you talk about lesser screen time, an EA might do the job As you can see in the history, 2 trades was taken, both win, but the SL was 10 pips and TP was 5 pips. Question: Should I adjust the SL and TP to both 10 pips so they got a 1:1 RR or I should keep it this way or adjust to another value? The rule as I know is if price is above Daily Open - Look for LONG only if price is below Daily Open - Look for...Ignored
Disliked{quote} Hi TooSlow, 1) Can you point me to TRO's system / thread ? So we can compare both .... 2) As long as this is the modified one, i think it would be no problem to keep this thread alive. Udine is generous, share us what he has proved that his system is profitable. I think nothing is wrong with that ... -pedmaIgnored