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As simple as possible: 00 level trading

  • #2,141
  • Jun 12, 2014 8:43pm Jun 12, 2014 8:43pm
Quoting FerruFx
{quote} You will drastically lower your win rate ... which will end with the same global result or even make it less profitable.
Well, I have analysed almost all the winning trades and seems most of it never back paddled more than 5pips. Anyway, its just an observation
  • #2,142
  • Jun 12, 2014 9:02pm Jun 12, 2014 9:02pm
Quoting dsugums
{quote} Well, I have analysed almost all the winning trades and seems most of it never back paddled more than 5pips. Anyway, its just an observation
Long term is what matter ...

Anyway if it works for you, just do it
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,143
  • Jun 12, 2014 9:31pm Jun 12, 2014 9:31pm
@dsugums

Quoting dsugums
Another thing to look for is the distance from 00 level. If it is more than 5pips, just skip the trade and look for another pair.
Would you please explain what do you mean by the above? Thanks!
  • #2,144
  • Jun 12, 2014 11:13pm Jun 12, 2014 11:13pm
Late entry due to distractions. But there it is. Money in the account. No more room up on this currency as daily range now hit.

Wukar works wonderfully.

Dank U Udine!
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Just trade the pullback you idiot!
  • #2,145
  • Jun 12, 2014 11:22pm Jun 12, 2014 11:22pm
Quoting Batavier
Late entry due to distractions. But there it is. Money in the account. No more room up on this currency as daily range now hit. Wukar works wonderfully. Dank U Udine! {image}

Graag gedaan

Happy you made green pips today.

Udine
Sleep less, live fast, as it aint gonna last
  • #2,146
  • Jun 12, 2014 11:24pm Jun 12, 2014 11:24pm
Quoting Zokynho
{quote} I agree with you totally,fx empire also already put good opinion about this in post 1973....it is not about EA,I still work with Udine Ea from page 1 and works good and profitable,so please discart discussion about EA or talk privately until you resolve all issues... P.s fucking referee,he stolen a good result from Croatia and give to Brasil win.... Regards!
At least Croatia put up a good fight

Udine
Sleep less, live fast, as it aint gonna last
  • #2,147
  • Jun 12, 2014 11:27pm Jun 12, 2014 11:27pm
Quoting Edbegs
Consider other random cross entries? MA's, RSI, CCI, Fibs etc. They all work just like this. I have profitable EA's for MA and RSI crosses.
I am happy for you.

Open a thread, show to the world and start sharing

Udine
Sleep less, live fast, as it aint gonna last
  • #2,148
  • Jun 12, 2014 11:30pm Jun 12, 2014 11:30pm
Hi Udine
can you explain me/us the Chart i found this morning on GJ?
today ADR already stroken?
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  • #2,149
  • Jun 12, 2014 11:30pm Jun 12, 2014 11:30pm
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  • #2,150
  • Jun 12, 2014 11:31pm Jun 12, 2014 11:31pm
Quoting dsugums
The odds to be profitable can be improved by having 5pip sl. Instead of taking full 10pips loss, might as well take 1:1 risk reward ratio. Instead of having to chase two wins to cover 1 loss might as well have 1 win to cover 1 loss. I am trying it out with demo with 1:1 and seems can get the 2% target easily as long the broker spreads are less than 2pips. Another thing to look for is the distance from 00 level. If it is more than 5pips, just skip the trade and look for another pair.

Dsugums,

Test it out and keep us posted.., Ilstick to my rules.

if you set pending orders you always set entry at the 00 level, so there never should be a distance of up to 5 pips from the 00 level.

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #2,151
  • Jun 12, 2014 11:31pm Jun 12, 2014 11:31pm
I wasn't watching the above trade but the market must have gapped as it gave 10 pips
  • #2,152
  • Jun 12, 2014 11:33pm Jun 12, 2014 11:33pm
Quoting FabioMatrix
Hi Udine can you explain me/us the Chart i found this morning on GJ? today ADR already stroken? {image}

for the moment yes, so first price has to come down enough before we can trade this pair

Udine
Sleep less, live fast, as it aint gonna last
  • #2,153
  • Jun 12, 2014 11:34pm Jun 12, 2014 11:34pm
Quoting silversurfer
{image}


stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #2,154
  • Jun 13, 2014 12:00am Jun 13, 2014 12:00am
Quoting Paracelsus
@dsugums {quote} Would you please explain what do you mean by the above? Thanks!

I will open a separate thread on the variation for this method so that the original method here not get contaminated and be respectful to the thread owner
  • #2,155
  • Jun 13, 2014 12:05am Jun 13, 2014 12:05am
Good morning Friends, EJ first attempt out with small profit.

jeet
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  • #2,156
  • Jun 13, 2014 12:15am Jun 13, 2014 12:15am
Quoting jeetvirk
Good morning Friends, EJ first attempt out with small profit. jeet {image}
Be very cautious as we are close to the BOJ Press RED news ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,157
  • Jun 13, 2014 12:17am Jun 13, 2014 12:17am
Quoting FabioMatrix
Hi Udine can you explain me/us the Chart i found this morning on GJ? today ADR already stroken? {image}
Mine is still far from the top but we certainly don't have the same day starting time. My charts are GMT.
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,158
  • Jun 13, 2014 12:23am Jun 13, 2014 12:23am
Quoting FerruFx
{quote} Be very cautious as we are close to the BOJ Press RED news ...
Yes FerruFx now only waiting for london open.. in my sniper mode
  • #2,159
  • Jun 13, 2014 12:29am Jun 13, 2014 12:29am
First of all i want to say hello to all. I'm new in this thread and i'm think it's great. Congratulations to Udine!
  • #2,160
  • Jun 13, 2014 12:36am Jun 13, 2014 12:36am
I want to share my first pair of trades. Think that i follow the rules, if not, correct me please.


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The first was on EURAUD and the second on NZDJPY
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