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As simple as possible: 00 level trading

  • #2,001
  • Jun 12, 2014 7:55am Jun 12, 2014 7:55am
Quoting FerruFx
I'm done for the day. 4 trades : 1 SL + 3 TPs = +9.6 pips (1 went over the TP due to a sudden gap).
Nice man - looks like it was a bit of a tough london session, way to pull it out
Small disciplines repeated with consistency lead to great achievements.
  • #2,002
  • Jun 12, 2014 7:56am Jun 12, 2014 7:56am
Quoting FXEmpire
{quote} my mistake on the level, sorry. but udine you well know major usd news has major effect on other pairs especially on ej which is superbly correlated to eu.. I thought it's safe to stay away. I fully had understood the news on the particular pair thing. anyways it's your rules brother.. my apology.

check rule nr. 6

Inserted Video


Udine
Sleep less, live fast, as it aint gonna last
  • #2,003
  • Jun 12, 2014 7:57am Jun 12, 2014 7:57am
Quoting FerruFx
I'm done for the day. 4 trades : 1 SL + 3 TPs = +9.6 pips (1 went over the TP due to a sudden gap).
Thx..
Nice job on clean result for the day.
Passion, Persist, Patience, Protect
  • #2,004
  • Jun 12, 2014 7:57am Jun 12, 2014 7:57am
Quoting FerruFx
I'm done for the day. 4 trades : 1 SL + 3 TPs = +9.6 pips (1 went over the TP due to a sudden gap).
Great job ferru
  • #2,005
  • Jun 12, 2014 7:59am Jun 12, 2014 7:59am
Seems interesting... let me jump in
DON'T TRADE THE DIRECTION, TRADE THE MOVE
  • #2,006
  • Jun 12, 2014 8:00am Jun 12, 2014 8:00am
By the way, everything seems to be working great with the combined WUKAR_Trailing EA (the latest one). Thanks a lot for putting that together -
Small disciplines repeated with consistency lead to great achievements.
  • #2,007
  • Jun 12, 2014 8:01am Jun 12, 2014 8:01am
Quoting FerruFx
I'm done for the day. 4 trades : 1 SL + 3 TPs = +9.6 pips (1 went over the TP due to a sudden gap).
goal accomplished

well done

Udine
Sleep less, live fast, as it aint gonna last
  • #2,008
  • Jun 12, 2014 8:03am Jun 12, 2014 8:03am
Udine,

Will you reduce the lot size for new order when you have more than one losing trades in a row because the 2 % risk of the new order will be lower than the previous stopped out trades ?

Thank you.

Vincent
  • #2,009
  • Jun 12, 2014 8:06am Jun 12, 2014 8:06am
Quoting goldcourse
Udine, Will you reduce the lot size for new order when you have more than one losing trades in a row because the 2 % risk of the new order will be lower than the previous stopped out trades ? Thank you. Vincent

I use fixed rate money management, so after every win, my lotsize increases and after a loss my lotsize decreases

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #2,010
  • Jun 12, 2014 8:08am Jun 12, 2014 8:08am
Quoting Udine
{quote} I use fixed rate money management, so after every win, my lotsize increases and after a loss my lotsize decreases Cheers Udine
Okay, understood.

Thanks
  • #2,011
  • Jun 12, 2014 8:11am Jun 12, 2014 8:11am
Quoting Udine
{quote} check rule nr. 6 http://www.youtube.com/watch?v=OZ1OHen9jwk Udine
i don't watch videos, not sure what your saying about rule 6 other than I admitted it was my bad about level rules..
but you well know that ej trade was a stretch to say the least bud..
not fully having the trend your friend there and major u.s news on top of it which has strong effects the ej almost every time..
but your da man here.. I obey

regards
Passion, Persist, Patience, Protect
  • #2,012
  • Jun 12, 2014 8:13am Jun 12, 2014 8:13am
Quoting FXEmpire
{quote} i don't watch videos, not sure what your saying about rule 6 other than I admitted it was my bad about level rules.. but you well know that ej trade was a stretch to say the least bud.. not fully having the trend your friend there and major u.s news on top of it which has strong effects the ej almost every time.. but your da man here.. I obey regards

dont worry,

TV series NCIS: Rule nr. 6: Never say sorry

Udine
Sleep less, live fast, as it aint gonna last
  • #2,013
  • Jun 12, 2014 8:14am Jun 12, 2014 8:14am
@Udine

If I use your WUKAR_WB_Trail_v1_2e after I opened the trade: I understand the Breakeven_ and the Trailingstop_settings.
But why do I need the other settings Use HiddenStopLoss, Use EmergencyStopLoss and UseHiddenProfit if the setup for every order is TP 5 and SL10?
  • #2,014
  • Jun 12, 2014 8:16am Jun 12, 2014 8:16am
Doesn't anyone else want to know if Udines 100 lot short pending was triggered on EJ?
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The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #2,015
  • Jun 12, 2014 8:16am Jun 12, 2014 8:16am
Quoting rmndschmidt
@Udine If I use your WUKAR_WB_Trail_v1_2e after I opened the trade: I understand the Breakeven_ and the Trailingstop_settings. But why do I need the other settings Use HiddenStopLoss, Use EmergencyStopLoss and UseHiddenProfit if the setup for every order is TP 5 and SL10?
The idea is that you don't set a an actual stop and target... you let the EA take you out when your profit arrives at either the profit figure or the loss figure. They are "hidden" from your broker because they are actually not pending orders.

The emergency stop loss puts a hard stop in farther away just in case you lose internet - the EA can only manage if its running on your computer at the time price hits your hidden TP and SL.

Does that make sense?
Small disciplines repeated with consistency lead to great achievements.
  • #2,016
  • Jun 12, 2014 8:18am Jun 12, 2014 8:18am
Quoting Udine
{quote} check rule nr. 6 http://www.youtube.com/watch?v=OZ1OHen9jwk Udine
After check rule no.6 . Try out relax with this
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  • #2,017
  • Jun 12, 2014 8:22am Jun 12, 2014 8:22am
Quoting jmflukeiii
{quote} The idea is that you don't set a an actual stop and target... you let the EA take you out when your profit arrives at either the profit figure or the loss figure. They are "hidden" from your broker because they are actually not pending orders. The emergency stop loss puts a hard stop in farther away just in case you lose internet - the EA can only manage if its running on your computer at the time price hits your hidden TP and SL. Does that make sense?
I understand, of course it make sense. Thank you!
  • #2,018
  • Jun 12, 2014 8:22am Jun 12, 2014 8:22am
Quoting Udine
{quote} dont worry, TV series NCIS: Rule nr. 6: Never say sorry Udine

just being polite bro..

oh and ncis can eat sh...t, lol
Passion, Persist, Patience, Protect
  • #2,019
  • Jun 12, 2014 8:24am Jun 12, 2014 8:24am
Hi Udine, or anyone who knows how to do this..

I tried to set the daily open line to 5pm(est)(by putting TimeZoneOfData to -7) because my broker opens the new daily candle at 12am instead of 5pm, and gets confusing. BUT the D1(UFX TREND multiMeter) is still showing red. It seems like it's going by the OLD daily open, still, not the 5pm.
Any ideas how to change it?
Thanks
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  • #2,020
  • Jun 12, 2014 8:27am Jun 12, 2014 8:27am
Quoting mm2mm
Hi Udine, or anyone who knows how to do this.. I tried to set the daily open line to 5pm(est)(by putting TimeZoneOfData to -7) because my broker opens the new daily candle at 12am instead of 5pm, and gets confusing. BUT the D1(UFX TREND multiMeter) is still showing red. It seems like it's going by the OLD daily open, still, not the 5pm. Any ideas how to change it? Thanks {image}
I didn't see a setting called TimeZoneofData in the MultiMeter....
Small disciplines repeated with consistency lead to great achievements.
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