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As simple as possible: 00 level trading

  • #681
  • Jun 6, 2014 5:13am Jun 6, 2014 5:13am
Quoting Udine
{quote} Ok here it goes: dont go short @ .100 level towards a 000 level dont go long @ .900 level towards a 000 level that means: ONLY LONG @ .100 levels, BUT ONLY IF D1 AND 1H are GREEN ONLY SHORT @ .900 levels, BUT ONLY if D1 AND 1H ARE RED add that to your file Udine
As usual superb explanation.. couldn't be clearer.. many thanks Udine..

Happy Trades
Focus only on what truly matters!
  • #682
  • Jun 6, 2014 5:15am Jun 6, 2014 5:15am
I noticed USD/TRY is very nice pair to trade with this system.. ADR: 194

Happy Trades
Focus only on what truly matters!
  • #683
  • Jun 6, 2014 5:18am Jun 6, 2014 5:18am
The idea of longs only above the daily open and shorts only below the market open is such a simple concept but like many simple ideas seems to be extremely powerful. He's a screenshot of EURUSD over the last couple of weeks by way of illustration. Green and red lines are previous day high and low.
Thanks Udine for a genuine light bulb going on moment.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 6 June 2014.png Size: 30 KB
  • #684
  • Jun 6, 2014 5:26am Jun 6, 2014 5:26am
Quoting Ata-Turkoglu
I noticed USD/TRY is very nice pair to trade with this system.. ADR: 194 Happy Trades

The spread is to big for this pair!
  • #685
  • Jun 6, 2014 5:33am Jun 6, 2014 5:33am
Quoting Ata-Turkoglu
I noticed USD/TRY is very nice pair to trade with this system.. ADR: 194 Happy Trades

no exotics for me
Sleep less, live fast, as it aint gonna last
  • #686
  • Jun 6, 2014 5:34am Jun 6, 2014 5:34am
Quoting JackAntigua
The idea of longs only above the daily open and shorts only below the market open is such a simple concept but like many simple ideas seems to be extremely powerful. He's a screenshot of EURUSD over the last couple of weeks by way of illustration. Green and red lines are previous day high and low. Thanks Udine for a genuine light bulb going on moment. {image}

Sleep less, live fast, as it aint gonna last
  • #687
  • Jun 6, 2014 5:48am Jun 6, 2014 5:48am
Hi, UDINE

First a very big thanks for your system and above all for your kindness and .... your availability.

I've already make some green pips.

My question is :
Would it be possible for some one (you, Ferrux,..) to explain me the "math" behind those information :
RmUp RmDn T
Y ADR 5d 10d 20d
RgH / RgL

I must say that I DO KNOW what ADR (Average Day Range) is !

But how are gotten those figures ? RmUp ? RmDn ? T ? and so and so ..

Thanks in advance.

Regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #688
  • Jun 6, 2014 5:49am Jun 6, 2014 5:49am
Quoting Udine
{quote} then I have no idea.. sorry
no worries it's okay. not much of an impact anyways

thanks for a great system still
  • #689
  • Jun 6, 2014 5:54am Jun 6, 2014 5:54am
Quoting Udine
{quote} You are correct. perfect set ups 3 set ups 3 wins on EU {image} I dont trade EU because lately the ADR did not exceed 80 pips.. Edit: forgot the chart
I didn't go for the 3rd one anymore. Happy with my 10pips today.
  • #690
  • Jun 6, 2014 6:03am Jun 6, 2014 6:03am
Quoting BLACKFEET
Hi, UDINE First a very big thanks for your system and above all for your kindness and .... your availability. I've already make some green pips. My question is : Would it be possible for some one (you, Ferrux,..) to explain me the "math" behind those information : RmUp RmDn T Y ADR 5d 10d 20d RgH / RgL I must say that I DO KNOW what ADR (Average Day Range) is ! But how are gotten those figures ? RmUp ? RmDn ? T ? and so and so .. Thanks in advance. Regards BBF

Hy Blackfeet,

Udine already explained about this earlier in thread....

ADR is indicator which measures average currency move at specific day...can gives us a clue how currency pairs move at specific periods (days)...So in our case pairs which have higher ADR number on average tend to have stronger moves than pairs that have lower! (our case is 100)

If you see that ADR is reached potential value it can give you attention to stay out of that pairs as this pair may stop move further that day!

Hope it helps!

Regards!
  • #691
  • Jun 6, 2014 6:03am Jun 6, 2014 6:03am
Quoting BLACKFEET
Hi, UDINE First a very big thanks for your system and above all for your kindness and .... your availability. I've already make some green pips. My question is : Would it be possible for some one (you, Ferrux,..) to explain me the "math" behind those information : RmUp RmDn T Y ADR 5d 10d 20d RgH / RgL I must say that I DO KNOW what ADR (Average Day Range) is ! But how are gotten those figures ? RmUp ? RmDn ? T ? and so and so .. Thanks in advance. Regards BBF

If you do know what ADR is and you would have read the thread... especially the part where the descriptions of RmUp and all the otherw have been explained, you would understand how these numbers come about...

so go a bit back in the thread and look for the post with the explanation

Udine
Sleep less, live fast, as it aint gonna last
  • #692
  • Jun 6, 2014 6:25am Jun 6, 2014 6:25am
Quoting Udine
{quote} The earnings indi is attached. the ATR indi I removed as I dont use it {file}
Thanks Udine for your good efforts in spite of eye strain. I will pray you get well soon. I cannot imagine someone taking so much trouble to help fellow traders (irrespective of personal inconvenience).
  • #693
  • Jun 6, 2014 6:28am Jun 6, 2014 6:28am
Quoting Udine
Here the zipfile with indicators, the template and the experts. WUKAR EA = hidden SL & TP It is called WUKAR, because it reminds me of what I need to do (Wake Up Kick Ass Repeat) Wheelbarrel EA = trailstop EA , just put on one chart and it will work on all open charts. Remember to trade only the pairs with bigger ADR and dont be greedy .. {file}
I did not read the whole thread (just came around via another forum) -> I have modified the both experts so they should adjust the pips/points-stuff and implemented filters (filter by symbol and/or magicnumber), pls. see attached

pls. note that the indicators may not compile with the latest mt4-builds (so use the build 509 compiler, learn more: http://www.forexfactory.com/showthread.php?t=470340 ) ...

Attached File(s)
File Type: ex4 Wheelbarrel Trailing_v1.2 mod.ex4   5 KB | 685 downloads
File Type: ex4 WUKAR mod.ex4   6 KB | 607 downloads
PM me with coding requests and I'll probably put you on my ignore list
  • #694
  • Jun 6, 2014 6:39am Jun 6, 2014 6:39am
udine,

iam curious, why did you chose a stop loss of 10 pips instead of say 5 pips, 7 pips or even 15 pips ?
  • #695
  • Jun 6, 2014 6:43am Jun 6, 2014 6:43am
Quoting fxdaytrader_
{quote} I did not read the whole thread (just came around via another forum) -> I have modified the both experts so they should adjust the pips/points-stuff and implemented filters (filter by symbol and/or magicnumber), pls. see attached pls. note that the indicators may not compile with the latest mt4-builds (so use the build 509 compiler, learn more: http://www.forexfactory.com/showthread.php?t=470340 ) ... {file} {file}

fxdaytrader,

Herzlichen Dank fur deine Arbeit

Schönes Wochenende

Udine
Sleep less, live fast, as it aint gonna last
  • #696
  • Jun 6, 2014 6:46am Jun 6, 2014 6:46am
Quoting whatfx
udine, iam curious, why did you chose a stop loss of 10 pips instead of say 5 pips, 7 pips or even 15 pips ?

5 and 7 pips proved too small
several times the trade went negative 7 pips before reaching TP

for 15 pips I need to compensate 1 loser with 3 trades... and thought 10 pips is just good enough..

the charts showed me that I could easily compensate a 10 pip loser and come out a winner for the day

Udine
Sleep less, live fast, as it aint gonna last
  • #697
  • Jun 6, 2014 7:07am Jun 6, 2014 7:07am
time to no trader
usa news

Udine we can trade 30 minuts later ?
  • #698
  • Jun 6, 2014 7:09am Jun 6, 2014 7:09am
Quoting fxdaytrader_
{quote} I did not read the whole thread (just came around via another forum) -> I have modified the both experts so they should adjust the pips/points-stuff and implemented filters (filter by symbol and/or magicnumber), pls. see attached pls. note that the indicators may not compile with the latest mt4-builds (so use the build 509 compiler, learn more: http://www.forexfactory.com/showthread.php?t=470340 ) ... {file} {file}
fxdaytrader,
Is it possible for you to include a HIDDEN trailing SL onto the WUKAR EA? It would be greatly appreciated. Thank you
  • #699
  • Edited 7:24am Jun 6, 2014 7:13am | Edited 7:24am
Quoting Juan007
time to no trader usa news Udine we can trade 30 minuts later ?
as long as you dont surf (trade) the splash.. but wait and see if there is a wave to ride ... wait at least 30 minutes
Sleep less, live fast, as it aint gonna last
  • #700
  • Jun 6, 2014 7:24am Jun 6, 2014 7:24am
Udine, I'm reading through the pages and can't find the answer yet - what pairs do you trade? Or it depends on the spread for each trader?
Those who know don't talk. Those who talk don't know.
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