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As simple as possible: 00 level trading

  • #1,961
  • Jun 12, 2014 5:59am Jun 12, 2014 5:59am
Quoting Traffex
Udine, not important, but if you look to post 1, rule 13: " teaching " instead of " reaching ".
edited
Sleep less, live fast, as it aint gonna last
  • #1,962
  • Jun 12, 2014 6:00am Jun 12, 2014 6:00am
Quoting messiahua
US news soon, i guess that means no trading at all?
what do the rules say ??
Sleep less, live fast, as it aint gonna last
  • #1,963
  • Jun 12, 2014 6:02am Jun 12, 2014 6:02am
Quoting ericjschroed
{quote} Yes, I will do that.
Hi Eric,
I will not touch the EA till you do it. This way we avoid duplicate work. So please tell me if you are finished. May be we need to host it on Github or something.
  • #1,964
  • Edited 6:18am Jun 12, 2014 6:07am | Edited 6:18am
Quoting MrTD
{quote} Good idea Udine! Here they are, hope the defaults are correct for everyone! Pannet1 these are scripts that are designed simply to make placing stoporders faster and with less chance of getting lotsize wrong. Not EA's which make the entry choice for you. Could we make an EA to open the trades for us?? Sure we could, if we include all the rules and all the required indicators to fulfill those rules and check news release times etc. But why bother when it only takes a few seconds to make the decision yourself and for only a few trades per day?...
Mr TD,
You got me wrong. I am not saying that the EA should do anything new than what your script is doing. Just thought why not have one EA for all automation (what you choose to automate is a different question though). For example, one should be able to enter the BUY/SELL stop price every one hour and then the EA places the BUY/SELL stop order. Then after order is filled, we* it manages SL, BE, TP and TS all in one.

*EDIT: let
  • #1,965
  • Jun 12, 2014 6:25am Jun 12, 2014 6:25am
today 5 trades hit TS after within fraction of pips to profit....
and worst thing is all closed at slippages with -ve
  • #1,966
  • Jun 12, 2014 6:30am Jun 12, 2014 6:30am
This system is based on Volatility.
As volatility decreases the more chances for losses.
  • #1,967
  • Jun 12, 2014 6:33am Jun 12, 2014 6:33am
Quoting Udine
{quote} already 28 degrees Celcius over here (82 Fahrenheit) Udine
Udine,

How about here in Arizona talk about temps; yesterday 109 Fahrenheit currently @ 4:30 AM 80 Fahrenheit

Stay Thirsty My Friend......

Regards,
Cigarguy
Attached Image
Keep It Simple
  • #1,968
  • Jun 12, 2014 6:38am Jun 12, 2014 6:38am
Quoting cigarguy
{quote} Udine, How about here in Arizona talk about temps; yesterday 109 Fahrenheit currently @ 4:30 AM 80 Fahrenheit Stay Thirsty My Friend...... Regards, Cigarguy

getting close to 95 F now..

Always

Udine
Sleep less, live fast, as it aint gonna last
  • #1,969
  • Jun 12, 2014 6:41am Jun 12, 2014 6:41am
Hii. Someone pm me about the ea i share for 00level trading


I need clarify some stuffs

Are we not suppose to trade on whole number which is 00 level also.
Learn to Trade is Important. Keep your bias & ego aside.
  • #1,970
  • Jun 12, 2014 6:42am Jun 12, 2014 6:42am
Quoting chaosbun
Hii. Someone pm me about the ea i share for 00level trading I need clarify some stuffs Are we not suppose to trade on whole number which is 00 level also.

yes we do trade the 000 levels

Udine
Sleep less, live fast, as it aint gonna last
  • #1,971
  • Jun 12, 2014 6:44am Jun 12, 2014 6:44am
Quoting mathprav
today 5 trades hit TS after within fraction of pips to profit.... and worst thing is all closed at slippages with -ve
OMG its not 5 so far its 7 trades hit TS - ridiculous no.... looks like time to dump the broker
  • #1,972
  • Jun 12, 2014 6:48am Jun 12, 2014 6:48am
Quoting mathprav
{quote} OMG its not 5 so far its 7 trades hit TS - ridiculous no.... looks like time to dump the broker
Sleep less, live fast, as it aint gonna last
  • #1,973
  • Jun 12, 2014 6:54am Jun 12, 2014 6:54am
I am not sure if it's wise of me to make this post, but here it is anyways and dear Udine if it's not appropriate let me know and I'll erase it faster than bullet can fly.

I know a lot of good people in here are working hard to make this method into a fine EA or at least to make the TS a lot more suitable or smoother. But unfortunately this will be mostly a waste of time or not reaching the ultimate goal to say the least, due to many tiny yet important key details that can not be properly and smoothly fit into a EA.. not to mention the server vps and other technical difficulties.. or just adding the news thing to stop trades during such time or overall no trade times would make the EA go crazy and not function with full reliability, etc,.
Instead, shifting the focus to actual manual trading by learning the details in live moments will enhancing the craft and skill that is necessary to fully understand and feel the method in the heat of action that will stay with you for ever long. The actual full manual trading and the repetition will keep you sharp in mind and fingers to act accordingly. It will keep you in touch with the rhythm and speed of the action post entry for better trail management play.
.. nothing for nothing you will be hands on and more in touch with PA in order to make the best decisions, the profitable ones.. which in time and enough practice will turn into that holy grail mirror thing.

Anyways this is just my very humble take.. please ignore everything I said if you have too.
udine let me know plz bud.

regard,
empire
Passion, Persist, Patience, Protect
  • #1,974
  • Jun 12, 2014 6:58am Jun 12, 2014 6:58am
Quoting FXEmpire
I am not sure if it's wise of me to make this post, but here it is anyways and dear Udine if it's not appropriate let me know and I'll erase it faster than bullet can fly. I know a lot of good people in here are working hard to make this method into a fine EA or at least to make the TS a lot more suitable or smoother. But unfortunately this will be mostly a waste of time or not reaching the ultimate goal to say the least, due to many tiny yet important key details that can not be properly and smoothly fit into a EA.. not to mention the server vps...

could not have said it better

Udine
Sleep less, live fast, as it aint gonna last
  • #1,975
  • Jun 12, 2014 7:00am Jun 12, 2014 7:00am
Quoting chaosbun
00LEVEL trading EA - It will auto open position on the 00 level. Base on Day Candle & Hour Candle {file} There still some flaws for now as it does not filter news or support/resistance, it trade Asia to New York + 2 base on my broker time (FXCM) You might need make some adjustment to the code, won't be hard. Currently SL is 10 pips and TP is 10 pips, I did not include dynamic commission/spread . It just assume position is roughly 2 pips for the spread. P.S: OH yeah ignore the alert on start also. I disable the martingale, so it won't actually martingale....
Why don't you add some more filters? Time, pips etc?
  • #1,976
  • Jun 12, 2014 7:00am Jun 12, 2014 7:00am
Quoting pannet1
{quote} Mr TD, You got me wrong. I am not saying that the EA should do anything new than what your script is doing. Just thought why not have one EA for all automation (what you choose to automate is a different question though). For example, one should be able to enter the BUY/SELL stop price every one hour and then the EA places the BUY/SELL stop order. Then after order is filled, we* it manages SL, BE, TP and TS all in one. *EDIT: let
No worries mate!
Sorry if I sounded harsh, my problem is that I am a better coder than I am trader but I would rather it was the other way around
Learning a system that actually works, like this one does (most of the time ) is quite a change from being sold a bunch of lagging repainting indicators!

It is great to have a few scripts helping out to prevent errors creeping in and even allow us to walk away from our pc's without worrying about open trades.

But sometimes we won't take a trade because the chart doesn't look right or price is stalling or simply a gut feeling because we have learned the pairs behaviour.... we can't code that
So trading becomes an art rather than a science and it's that art that we must learn along with self control and patience.

I am enjoying being part of this forum and read most every post... great to have a few laughs along the way too... specially when someone has to admit they have to do a few burpees

It's midnight here in NZ so I'm off to bed... catch you all later....

Best regards,
MrTD
  • #1,977
  • Jun 12, 2014 7:08am Jun 12, 2014 7:08am


Inserted Video
  • #1,978
  • Jun 12, 2014 7:08am Jun 12, 2014 7:08am
Why only trade the 40/50/60 levels at frankfurt open?

If you watch your spreads, trading during the news is where you can make the most money.
That's what we are here for right. To make $$$.
  • #1,979
  • Jun 12, 2014 7:15am Jun 12, 2014 7:15am
@ chaosbun:

I read your posts about your EA 00LEVEL_TRADE_CHAOSBUN and that he opens a new order. I downloaded it and see only 2 Inputs: Trailing Stop and Start Trail.
Can you please explain how to use? For eample: the EA does not know the Lotsize I want to trade?
  • #1,980
  • Jun 12, 2014 7:15am Jun 12, 2014 7:15am
Quoting MKFXTrader
http://www.youtube.com/watch?v=eGblsNXkJog

Nice one!!
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