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As simple as possible: 00 level trading

  • #321
  • Jun 4, 2014 11:28pm Jun 4, 2014 11:28pm
Quoting chaosbun
{quote} Hi Udine, what is wrong with my entries Will be good if you can enlighten. The purpose for EA is to maintain the level of entry to the most standardize way, to ensure that the mind will never falter and the emotions will not get into play The 3rd trade that the EA done was also in profit. {image} Would like to know how to improve it.
Please share the EA so we can all test and refine. Leave the inputs as per Udine's rules. The rest we can all adjust by ourselves, if desired.

Thanks very much.
福 子 Victor V
  • #322
  • Jun 4, 2014 11:30pm Jun 4, 2014 11:30pm
Quoting camvcvoo
{quote} Please share the EA so we can all test and refine. Leave the inputs as per Udine's rules. The rest we can all adjust by ourselves, if desired. Thanks very much.
Chill about asking the EA I will share once I confirm everything fine with Udine, and I will share to Udine first.

Its not hard to code this EA, its in fact quite the basic coding you need for mql. Nothing much complicated.
Learn to Trade is Important. Keep your bias & ego aside.
  • #323
  • Jun 4, 2014 11:32pm Jun 4, 2014 11:32pm
Quoting chaosbun
{quote} Chill about asking the EA I will share once I confirm everything fine with Udine, and I will share to Udine first. Its not hard to code this EA, its in fact quite the basic coding you need for mql. Nothing much complicated.

Looks like Udine is not so pro EAs. Anyway, looking forward.

Cheers!
福 子 Victor V
  • #324
  • Edited 11:49pm Jun 4, 2014 11:33pm | Edited 11:49pm
Quoting camvcvoo
{quote} Looks like Udine is not so pro EAs. Anyway, looking forward. Cheers!
I wanna set it so the EA will open better than us human, of course it won't hurt me to share.

But firstly, I would like to ensure everything is as what Udine mention in this thread before I share
Learn to Trade is Important. Keep your bias & ego aside.
  • #325
  • Jun 5, 2014 12:12am Jun 5, 2014 12:12am
Quoting Udine
{quote} Not correct.. Daily target = 2 % = 10 pips target per trade = 5 pips = 1 % risk per trade = 2 % At the same time i have max 2 trades active: one EJ and one GJ Nope, never tested 1:1 I simply watched the charts and noticed the price most of the time reached 5 pips after crossing a 00 level thats all.

Hi Udine. Thank you for sharing this great work.

How many days a week do you reach your daily TP of + 10 pips ?
  • #326
  • Jun 5, 2014 12:55am Jun 5, 2014 12:55am
Quoting Batavier
Hi Udine big smile from Down Under. Long time since we spoke. Another 1% added. Love the simplicity of this method (trailstop kicked me out but all good - protected my capital)....you've been busy this morning. Regards Bat {image}

Hi Bat,

hope all well down under !!

Capital protection is cool !!

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #327
  • Jun 5, 2014 12:58am Jun 5, 2014 12:58am
Quoting chaosbun
{quote} Hi Udine, what is wrong with my entries Will be good if you can enlighten. The purpose for EA is to maintain the level of entry to the most standardize way, to ensure that the mind will never falter and the emotions will not get into play The 3rd trade that the EA done was also in profit. {image} Would like to know how to improve it.
entries must be at 00 levels,

so in case of your trades:
1. 139.600 instead of 139.638
2. 102.600 instead of 102.619
3. 102.500 instead of 102.551

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #328
  • Jun 5, 2014 12:59am Jun 5, 2014 12:59am
Quoting seaman2
Hi Udine, how many trades your statistics 76% winners is based on ? And what length of period. I do something similar but with 000.
over 2 months live, trading daily
Sleep less, live fast, as it aint gonna last
  • #329
  • Jun 5, 2014 12:59am Jun 5, 2014 12:59am
Quoting giulius777
Ciao Udine, sto seguendo con interesse il tuo thread ed imparando qualcosa di diverso. Continua cos...bravo!!! Giulio. Sorry guys for the italian. I'm just saying thanks to Udine and that I'm learning something different. Keep going...
Grazie

Ciao

Udine
Sleep less, live fast, as it aint gonna last
  • #330
  • Jun 5, 2014 1:01am Jun 5, 2014 1:01am
Quoting camvcvoo
{quote} Looks like Udine is not so pro EAs. Anyway, looking forward. Cheers!
Not for nor against EA..

in my opinion there is no need, but if one is coded, I want to be sure it is working according to the rules, before releasing ..

Cheers Udine
Sleep less, live fast, as it aint gonna last
  • #331
  • Jun 5, 2014 1:03am Jun 5, 2014 1:03am
Quoting Traffex
{quote} Hi Udine. Thank you for sharing this great work. How many days a week do you reach your daily TP of + 10 pips ?
Never had a losing day so far, but some days, due to some losing trades, could reach only 1 %. But 90 - 95 % of the time I reach my daily target.
Sleep less, live fast, as it aint gonna last
  • #332
  • Jun 5, 2014 1:16am Jun 5, 2014 1:16am
Excellent system , hats off , pretty simple and cool
  • #333
  • Jun 5, 2014 1:19am Jun 5, 2014 1:19am
First one for Frankfurt Open.

GBPAUD TP hit

Attached Image


PS: Udine one question. because of spread, do you set your TP plus spread? for example your TP is .550 and spread is 1.2. do you change it to .562?

Now waiting for GJ to hit the sell order at 171.70
  • #334
  • Jun 5, 2014 1:25am Jun 5, 2014 1:25am
Hi Udine, my second Day of testing
I'm pretty sure i'm missing something! Mt bad! It seems that everytime i have all conditions good the trade reverse!
I post an example. I hope you can sort it out and give a hand
The Check is the Entry, and the X are TP and SL
Open and Stop Loss close
Attached Image(s) (click to enlarge)
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  • #335
  • Jun 5, 2014 1:30am Jun 5, 2014 1:30am
I want 5 clean pips

did you get 5 pips ?
Sleep less, live fast, as it aint gonna last
  • #336
  • Jun 5, 2014 1:35am Jun 5, 2014 1:35am
Quoting Udine
I want 5 clean pips did you get 5 pips ?
ok. so I will add the spread

Yeah, got 5 clean pips
Attached Image
  • #337
  • Jun 5, 2014 1:39am Jun 5, 2014 1:39am
Quoting Jeffray
{quote} ok. so I will add the spread Yeah, got 5 clean pips {image}
5 pips is all that is needed per trade..
Sleep less, live fast, as it aint gonna last
  • #338
  • Jun 5, 2014 1:41am Jun 5, 2014 1:41am
Quoting Udine
{quote} 5 pips is all that is needed per trade..
5 pips before commission.
福 子 Victor V
  • #339
  • Jun 5, 2014 1:42am Jun 5, 2014 1:42am
Quoting camvcvoo
{quote} 5 pips before commission.
correct so each has to adjust for their broker..
Sleep less, live fast, as it aint gonna last
  • #340
  • Jun 5, 2014 1:49am Jun 5, 2014 1:49am
Hi Udine here my first one! still in doubt to have understood correctly
Attached Image(s) (click to enlarge)
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