As simple as possible: 00 level trading | Page 85 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

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

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #1,681
  • Jun 11, 2014 11:32am Jun 11, 2014 11:32am
Quoting HannesJoub
{quote} @ whatfx - The OP and others correct me if I am wrong, but I do not think that you would be able to use this method with a spread of 3 pips...I am thinking that anything above 1 pip is pushing it... @ Udine That brings me to another question Udine, and if it has been addressed, I apologise...is the spread added to the TP / SL at all, or are the figures 5 / 10 all inclusive of spread? Thanks H Sorry Udine, I see in one of the very earlier posts you stated that the SL & TP can be altered with the spread or not, according to user preference...my...

exactly ! and hence my post about trailing stop.
  • #1,682
  • Jun 11, 2014 11:36am Jun 11, 2014 11:36am
Quoting cigarguy
{quote} whatfx, Your concern regarding 2:1 RR was mine in the beginning of trading this system as well. What I quickly found was that if entries were made, as per the rules using the Wheelbarrel Trailing Stop EA, and during the right time of day for that trading session when PA is not ranging, this was not an issue. Having just found Udine's thread, I have only made 9 live trades of which only 2 went against me and hit my trailing s/l taking me out with a small pip gain but no losses. I have been trading for some time and realize the losses will...

sure cigarguy. wheelbarrow trailing stop EA is doing the business for you folks. but i cannot use it on my ig account. actually i think ig recently updated thier charting software. i shall ask them.
  • #1,683
  • Jun 11, 2014 11:39am Jun 11, 2014 11:39am
Everyone who must trade with USA Broker...please comment on how to trade this with bid/ask at least 1.2 pips away...if it is not, who is your broker?

I know of only two "ECN" brokers Interactive Brokers and MB Trading.....Live account still large ask/bid even with ECN, never below 1.2 spread + commissions

Please PM, if you can not say it here...appreciate
  • #1,684
  • Jun 11, 2014 11:41am Jun 11, 2014 11:41am
Quoting whatfx
{quote} sure cigarguy. wheelbarrow trailing stop EA is doing the business for you folks. but i cannot use it on my ig account. actually i think ig recently updated thier charting software. i shall ask them.
whatfx,

You may want to change brokers to one that provides commissions and hedging for US clients that allow you to scalp with small profitable trades . I cannot say more as this is not a commercial thread!

Regards,
Cigarguy
Keep It Simple
  • #1,685
  • Jun 11, 2014 11:47am Jun 11, 2014 11:47am
ok guys ...

I am out of here..

tomorrow another day

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #1,686
  • Jun 11, 2014 11:50am Jun 11, 2014 11:50am
Quoting Udine
ok guys ... I am out of here.. tomorrow another day stay green Udine
Cheers!

Regards,
Cigarguy
Keep It Simple
  • #1,687
  • Jun 11, 2014 11:57am Jun 11, 2014 11:57am
Quoting Udine
{quote} 1. no problem lol 2. test on demo first 3. your trading platform has no built in trailstop ?? 4. thought of updating the word document over the weekend... Udine
Thanks Udine for all your help and posts. I do agree that an updated document would be really useful. I have read a lot of the posts but there are an awful lot more to go through. There are significant differences and indicators to what is on the charts now compared to the Word document outlining the strategy and it would be really useful to fully understand these in the context of the strategy.
  • #1,688
  • Jun 11, 2014 12:44pm Jun 11, 2014 12:44pm
U only trade EJ and GJ?
  • #1,689
  • Jun 11, 2014 12:59pm Jun 11, 2014 12:59pm
Quoting Contrax
U only trade EJ and GJ?
Oh my.
  • #1,690
  • Jun 11, 2014 1:00pm Jun 11, 2014 1:00pm
Quoting Udine
ok guys ... I am out of here.. tomorrow another day stay green Udine
Cheers Udine.
  • #1,691
  • Jun 11, 2014 1:03pm Jun 11, 2014 1:03pm
Quoting Udine
{quote} nope the trailstop EA starts to set the SL to BE at 3.5 pips and then starts trailing so price moves to 3.6, the TS EA adjusts the Trailstop to +0.1 / 3.7 to 0.2 / 3.8 to 0.3 / etc. Udine

got it, thx
Passion, Persist, Patience, Protect
  • #1,692
  • Jun 11, 2014 1:03pm Jun 11, 2014 1:03pm
Quoting cigarguy
{quote} Cheers! Regards, Cigarguy
How did you make out today bud?
  • #1,693
  • Jun 11, 2014 1:07pm Jun 11, 2014 1:07pm
Quoting MKFXTrader
{quote} Oh my.

Why u say that? If u see the post #1,648

19. My pairs EJ and GJ

he only says EJ and GJ.


The profile have: EU EJ GJ GU.

And other ppl says that trades other pairs....
  • #1,694
  • Jun 11, 2014 1:07pm Jun 11, 2014 1:07pm
Quoting limprobable
{quote} I tried with the .mq4 but it doesnt work (even if i try to put indicators one by one manualy) . I am using build 646 of mt4, and sorry if i understand nothing, but as far as i understand, only the .ex4 indicators works.
Yes Sir the new MT4 can be a pain it will not compile, search the web for SciTE.exe its a free package , and it will compile anything , enjoy photize
  • #1,695
  • Jun 11, 2014 1:11pm Jun 11, 2014 1:11pm
Quoting Contrax
{quote} Why u say that? If u see the post #1,648 19. My pairs EJ and GJ he only says EJ and GJ. The profile have: EU EJ GJ GU. And other ppl says that trades other pairs....
Udine trades only E/J and G/J. You can trade any pair as long as the ADR is high. Ok?
  • #1,696
  • Jun 11, 2014 1:14pm Jun 11, 2014 1:14pm
Quoting driven18
Everyone who must trade with USA Broker...please comment on how to trade this with bid/ask at least 1.2 pips away...if it is not, who is your broker? I know of only two "ECN" brokers Interactive Brokers and MB Trading.....Live account still large ask/bid even with ECN, never below 1.2 spread + commissions Please PM, if you can not say it here...appreciate

I use fxcm ndd active trader account.. 25k min though.
spread floats between .5 to 1.2
Passion, Persist, Patience, Protect
  • #1,697
  • Jun 11, 2014 1:15pm Jun 11, 2014 1:15pm
Quoting MKFXTrader
{quote} Udine trades only E/J and G/J. You can trade any pair as long as the ADR is high. Ok?
Thank you my friend.

For you how much ADR need to be for u can say that is high?

P.D. Sorry for my english
  • #1,698
  • Jun 11, 2014 1:18pm Jun 11, 2014 1:18pm
This thread is moving fast.. I saw some talks about .ex4 file and .mq4 file..
MT4 600+ version do not use the .mq4 files no more and instead the .ex4 file.. the old .mq4 files needs to be copied into .ex4 file in order to work.
Passion, Persist, Patience, Protect
  • #1,699
  • Jun 11, 2014 1:22pm Jun 11, 2014 1:22pm
Quoting Contrax
{quote} Thank you my friend. For you how much ADR need to be for u can say that is high? P.D. Sorry for my english
As close to a hundred as possible. Pairs with low spreads though. No exotic pairs.
  • #1,700
  • Jun 11, 2014 1:23pm Jun 11, 2014 1:23pm
Quoting FXEmpire
This thread is moving fast.. I saw some talks about .ex4 file and .mq4 file.. MT4 600+ version do not use the .mq4 files no more and instead the .ex4 file.. the old .mq4 files needs to be copied into .ex4 file in order to work.
At the fear of a repeat
Yes Sir the new MT4 can be a pain it will not compile, search the web for SciTE.exe its a free package , and it will compile anything , enjoy photize
20 traders viewing now