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As simple as possible: 00 level trading

  • #821
  • Jun 8, 2014 4:28am Jun 8, 2014 4:28am
Quoting FerruFx
{quote} Attached ... That's the one I personnally use. {file}
Brilliant.

Have been impressed and educated by many of your posts in this thread already.

Cheers and have a green week this week.
Healthy, Wealthy & Steady!!
  • #822
  • Jun 8, 2014 4:34am Jun 8, 2014 4:34am
perfectly !!!

Using the same as FerruFx
It's doin a great job!
  • #823
  • Jun 8, 2014 4:53am Jun 8, 2014 4:53am
Quoting SunnyFx2002
{quote} Brilliant. Have been impressed and educated by many of your posts in this thread already. Cheers and have a green week this week.
Thank you for your kind comments. Very much appreciated.

BTW, love your avatar. One of my tatoos include a similar turtle which is my prefered polynesian symbol!
MT4/MT5 EAs/Indicators/Alerts coder
  • #824
  • Jun 8, 2014 4:55am Jun 8, 2014 4:55am
Quoting Jeffray
perfectly !!! Using the same as FerruFx It's doin a great job!
I agree. It does exactly what it is supposed to do ... and it does very well!
MT4/MT5 EAs/Indicators/Alerts coder
  • #825
  • Jun 8, 2014 5:56am Jun 8, 2014 5:56am
Quoting FerruFx
{quote} Thank you for your kind comments. Very much appreciated. BTW, love your avatar. One of my tatoos include a similar turtle which is my prefered polynesian symbol!
Thanks same here, left shoulder.

All ready to rock for the new week. I prefer live trading even for a new method, but will trial on demo for a week to make sure I'm following the rules and that all the indis and EAs are working on my chart.

Attached Image (click to enlarge)
Click to Enlarge Name: SimpleFX.png Size: 101 KB
Healthy, Wealthy & Steady!!
  • #826
  • Jun 8, 2014 8:14am Jun 8, 2014 8:14am
Quoting Udine
if you take 1 trade per hour, and if that trade is a loss of 10 pips, do you stop trading for the day ? nope say you take 1 trade in the hour, at level 172.300. a long trade. you get your 5 pips. next hour, again you enter long at 172.300 as price went down then came back up to that level again, is that entry allowed ? i.e. entering several times at one particular level. yes also, it seems you enter on the 15 min charts when the price reaches the pending 00 levels. but are you not supposed to check the 1 hr chart to see of it agrees with the daily...
Hi Udine,
Sorry to bother again on the indicator. The yellow vertical ones. What is the name of the indicator. Seems you have several secret ones other than the one published
  • #827
  • Edited 10:32am Jun 8, 2014 10:10am | Edited 10:32am
Quoting Juan007
on the firts post you can read : Udine BTW: this “so called trading method” is nothing original, I invented nothing new here !!! here UDINE give us a guide Thanks Udine today i m profitable
Juan007,

Would you post or PM your settings for the SwissArmy EA for this system? I used it way back on the THV thread with Miss Pips, but curious what you use here!

Thank You and Regards,
Cigarguy
Keep It Simple
  • #828
  • Jun 8, 2014 10:22am Jun 8, 2014 10:22am
Quoting Udine
OUt of here for today. Lets see if I should continue tomorrow with the thread...
@Udine

Doorgaan a.u.b. !
Uitstekende en zeer nuttige thread.
Ga na 1 week demo (zowel Invictus als 00 level) vanaf morgen London Open live en je feedback zal op prijs gesteld worden.

Happy pippin´
flx69
  • #829
  • Jun 8, 2014 12:23pm Jun 8, 2014 12:23pm
Udine,
I have combined the two EAs.

Others,
I have seen at least two inquiries to combine both the EAs. Please test it properly before you use in live trading.

Cheers.
Attached File(s)
File Type: mq4 WUKAR_WB_Trail_v1.mq4   5 KB | 663 downloads
  • #830
  • Jun 8, 2014 12:43pm Jun 8, 2014 12:43pm
Quoting pannet1
Udine, I have combined the two EAs. Others, I have seen at least two inquiries to combine both the EAs. Please test it properly before you use in live trading. Cheers. {file}
That's great pannet. We're you able to make the trailing SL a hidden trailing SL? Is it possible to do? Will test it out tomorrow. Thanks for your contribution.
  • #831
  • Jun 8, 2014 2:33pm Jun 8, 2014 2:33pm
MkfxTrader,
I do not understand why one wants to hide a trailing EA. Anyways, I want more support to your request, so my effort will be worthwhile. Who else wants ? If you want please reply. I hope Udine will pardon me for this deviation and I do not want to make this an EA thread by focusing more on it. Udine may be able to guide us.l
  • #832
  • Jun 8, 2014 3:06pm Jun 8, 2014 3:06pm
Quoting pannet1
MkfxTrader, I do not understand why one wants to hide a trailing EA. Anyways, I want more support to your request, so my effort will be worthwhile. Who else wants ? If you want please reply. I hope Udine will pardon me for this deviation and I do not want to make this an EA thread by focusing more on it. Udine may be able to guide us.l
Basically a hidden trailing SL acts just like the hard hidden stop loss that the WUKAR EA is design to do. It's feature is to help a trader out of a trade on a retrace without actually having it display for the broker to see where the SL is. That is basically the goal of the original EA to begin with. Put the trade on the trader side by not exposing his hand to the broker. Helps minimize SL hunting by the broker on potential retrace. Hope that makes sense. Thanks
  • #833
  • Jun 8, 2014 4:40pm Jun 8, 2014 4:40pm
Udine -

I would be interested to hear your thoughts on the following -

You have success with this method, and with your previous one you shared on the forum here. It appears you have had quite good success given the size you are now trading. You have now shared two methods, both very simple and easy to follow, nothing too complicated for anyone to learn without a five minute review of your first post and a chart. Further, there is practically no discretion involved - the rules are all set, and thanks to you, even printed on a chart when someone opens up the MT4 profile you have created for them.

However, I would wager that at least 75%, and probably more like 90% of those that have viewed this thread since its creation will fail to increase their account size consistently and fail to achieve their trading goals with the system and information you have now freely given them. Why do you think that is true?

Further, after reading this information you have generously provided to all of us, the same information that has helped you increase your account and trade size so dramatically, is someone really equipped with everything they need to know "technically" - i.e. mechanics of where and when to place and exit trades - to trade successfully? What is it beyond the simple mechanics that will help someone go from consistently decreasing their account to consistently increasing?

Thanks for your time. There are a lot of people talking about systems that supposedly have made them profitable - but there appear to be still so many people that read these system threads that are still unsuccessful, so I'm interested to hear your point of view on the subject.
Small disciplines repeated with consistency lead to great achievements.
  • #834
  • Jun 8, 2014 5:10pm Jun 8, 2014 5:10pm
Read the thread twice, and will try a few trades this week on small live account. I've uploaded the template but i feel i have some indies missing, I've uploaded a screenshot with the indicator list. And also seem to be missing the red circled indy on the profit tracker chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 140608 00 Point Setup.png Size: 85 KB
  • #835
  • Jun 8, 2014 5:19pm Jun 8, 2014 5:19pm
not really trading hours obviously but system would have had 2 winners on GJ, 1 on EJ and 1 in the running on EJ. EDIT EJ would have been .9 long so scratch that one, my bad
  • #836
  • Jun 8, 2014 5:34pm Jun 8, 2014 5:34pm
Mine were non tradable as spreads on my broker were too high for me at this time of day.
  • #837
  • Jun 8, 2014 5:35pm Jun 8, 2014 5:35pm
Quoting FerruFx
{quote} Attached ... That's the one I personnally use. {file}
Thanks for sharing Ferru.

May i seek help with how you type in the settings field for the currency filter?
  • #838
  • Jun 8, 2014 5:37pm Jun 8, 2014 5:37pm
Quoting jeffmichaels
not really trading hours obviously but system would have had 2 winners on GJ, 1 on EJ and 1 in the running on EJ. EDIT EJ would have been .9 long so scratch that one, my bad
Hi Jeff,

Was watching this just for fun at the start of the week. I agree, on the chart looks like a few winners already.
Just the spread at this time of day too much on most brokers I guess.

Anyways, my trading doesn't start until at least London Open on a Monday.

Have a green week.
Healthy, Wealthy & Steady!!
  • #839
  • Jun 8, 2014 5:50pm Jun 8, 2014 5:50pm
Quoting jeffmichaels
Read the thread twice, and will try a few trades this week on small live account. I've uploaded the template but i feel i have some indies missing, I've uploaded a screenshot with the indicator list. And also seem to be missing the red circled indy on the profit tracker chart. {image}
I seem to have a better result now, but still missing those 4 ADRS in the profittracker window, with the wheelbarell EA
Attached Image (click to enlarge)
Click to Enlarge Name: 140608 00 Point Setup 02.png Size: 87 KB
  • #840
  • Jun 8, 2014 5:51pm Jun 8, 2014 5:51pm
Quoting Goodgame42
{quote} Hi, I used to trade with 1 lot standard (25$ /point) when I'm feeling good, sometimes more... It depends about your account balance, I think to be comfortable you must have 20K at least to trade with 1 standard lot. Trade safe ! Regards.
Hi Goodgame42,

Thanks for your comment. It gives new insights.

I wish you a great week.

Best regards,

Frietzak
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