As simple as possible: 00 level trading | Page 115 | 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

  • #2,281
  • Jun 13, 2014 7:13am Jun 13, 2014 7:13am
Quoting SunnyFx2002
Hi All, It's awesome to read so many traders making nice returns on their accounts this week. Just wanted to let other struggling traders know and be open and honest with myself, that I haven't been able to have a green day this week. That's fine as I expect nothing less when learning such a new way of trading for me. I've never used EAs before or Scripts even though I've traded for 3 years, so it's great to learn about these things. I like Udine's trading guidelines and have tried to stick with the rules but am finding myself...

PDF... will get you there..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,282
  • Jun 13, 2014 7:15am Jun 13, 2014 7:15am
+5 on GU

some difficulties to post lol
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdim15.png Size: 43 KB
  • #2,283
  • Jun 13, 2014 7:15am Jun 13, 2014 7:15am
Quoting surf54
3 in a row...nice Could have trailed this rally but I am testing the system for % wins. These ones sure crank it up Evening is Oz and done for the day. All happy trades and a nice weekend. Back to the soccer highlights {image}

Hi Surf,

nice trading although not completely according to the rules..

we trade only the first 00 level, but if it works for you...

Green pips

Udine
Sleep less, live fast, as it aint gonna last
  • #2,284
  • Jun 13, 2014 7:16am Jun 13, 2014 7:16am
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?...
@MrTD

Many thanks for a great tool !

I have 1 request though;
Like myself, many traders in this forum try to hide their SL, TP and even trailing.
This script will place pending orders, but using SL and TP.
I have tried to edit these settings (which defies the idea behind it of swiftness) by putting the values to zero, but by doing so, the script does not place a PO.
Iīve also tried to open it in Metaeditor to take this out myself, to no avail (itīs protected I presume?).

Anyway, I would be grateful if you could share the same scripts, but without SL and TP.
flx69

ut
  • #2,285
  • Jun 13, 2014 7:16am Jun 13, 2014 7:16am
Found Wheelbarrel Trailing_v1.2 GBPJPY,H1: Wheelbarrel trailing error (1).
Mind to check what is it?
  • #2,286
  • Jun 13, 2014 7:18am Jun 13, 2014 7:18am
Quoting FXEmpire
{quote} Exactly. My predication: two viewers... him and her.. lol

dont worry, a new member, who only posts here...

so its clear why he came here... dont we..

no more to say to the issue

Udine
Sleep less, live fast, as it aint gonna last
  • #2,287
  • Jun 13, 2014 7:18am Jun 13, 2014 7:18am
Quoting cigarguy
{quote} UJ, Case in point; entered long (late just brought up chart) just above the BRN, not a good entry ADR reached and pre NY open, but thought a retest of RDH as shown by previous candles, but was not to happen pre NY open anyway. Trailing stop hit with a small profit (capital preservation anyway) and live to play another day. The new WUKAR WB Trailing combo EA is working like a charm. Thanks guys for the hard work you put into its development. This trade was a test for me! Regards, Cigarguy {image}
It is so nice to hear from you bro. I was also EA hater and you will be surprised to hear that this is the first EA, i ever used.
  • #2,288
  • Jun 13, 2014 7:19am Jun 13, 2014 7:19am
GJ, long entered above BRN but gave this a little time to develop. +4.8 gain, ADR was exceeded but looking for another retest of the RWH on this one. (I know pre-news and ADR, my bad ! )

Regards,
Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyim15.png Size: 89 KB
Keep It Simple
  • #2,289
  • Jun 13, 2014 7:21am Jun 13, 2014 7:21am
Quoting 2013
Found Wheelbarrel Trailing_v1.2 GBPJPY,H1: Wheelbarrel trailing error (1). Mind to check what is it?
use the combo
  • #2,290
  • Jun 13, 2014 7:21am Jun 13, 2014 7:21am
Quoting Udine
{quote} PDF... will get you there.. Udine
Thanks Udine.

PDF & BCC

Your opinion if I may.

As my demo account is now down 10% since I started and I can already see that this week I made many errors, not activating WUKAR properly,
trading in Frankfurt Open @ levels other than 40/50/60, not watching for news, blah blah blah. I accept these mistakes are all my own doing of course.

Would you start a new demo from next week or would you be inclined to fight your way back? Just interested in other's thoughts
or experiences.
Healthy, Wealthy & Steady!!
  • #2,291
  • Jun 13, 2014 7:21am Jun 13, 2014 7:21am
Quoting Udine
{quote} dont worry, a new member, who only posts here... so its clear why he came here... dont we.. no more to say to the issue Udine
gotcha
Passion, Persist, Patience, Protect
  • #2,292
  • Jun 13, 2014 7:22am Jun 13, 2014 7:22am
Quoting FXEmpire
1st trade of the day, sleept it out.. short eu 400LV +5 in da bag.. {image}

well done!!

I see NCM account has turned green

Udine
Sleep less, live fast, as it aint gonna last
  • #2,293
  • Jun 13, 2014 7:25am Jun 13, 2014 7:25am
Quoting pannet1
{quote} use the combo
It's combo
Attached Image (click to enlarge)
Click to Enlarge Name: Combo.jpg Size: 357 KB
  • #2,294
  • Jun 13, 2014 7:26am Jun 13, 2014 7:26am
Quoting SunnyFx2002
{quote} Thanks Udine. PDF & BCC Your opinion if I may. As my demo account is now down 10% since I started and I can already see that this week I made many errors, not activating WUKAR properly, trading in Frankfurt Open @ levels other than 40/50/60, not watching for news, blah blah blah. I accept these mistakes are all my own doing of course. Would you start a new demo from next week or would you be inclined to fight your way back? Just interested in other's thoughts or experiences.
just continue with this demo account... can happen in real life as well, and you have to get back on your feet as well, so just fight your way back its a great test..

Stick to rule 21..

soon enough your muscles hurt so much you think twice before entering a trade, so you will reduce the mistakes for sure..

BTW make it easy for yourself.. start @ London open

Udine
Sleep less, live fast, as it aint gonna last
  • #2,295
  • Jun 13, 2014 7:26am Jun 13, 2014 7:26am
Quoting pedma
Hi, Trying to create an indicator, which i can get all information i need for Udine's great WUKAR system !! Thanks Udine. The "commission", market hours (session: frankfurt, london, newyork, etc) & news checking (-1 hr, +30min) still not yet finish. Thanks -pedma {image} {file}
Pedma, Love it. So beautiful colors. I and others will appreciate if your share the source as well so .. blah .. blah .. blah
  • #2,296
  • Jun 13, 2014 7:26am Jun 13, 2014 7:26am
Quoting Udine
{quote} well done!! I see NCM account has turned green Udine
Thanks.. had couple of hiccups yesterday but getting the hang of it..
all due to your effort, appreciate it.
Passion, Persist, Patience, Protect
  • #2,297
  • Jun 13, 2014 7:26am Jun 13, 2014 7:26am
Quoting pedma
Hi, Trying to create an indicator, which i can get all information i need for Udine's great WUKAR system !! Thanks Udine. The "commission", market hours (session: frankfurt, london, newyork, etc) & news checking (-1 hr, +30min) still not yet finish. Thanks -pedma {image} {file}
pedma,

Nice work with this indicator! Do you have plans to add variables for chart placement ?

Regards,
Cigarguy
Keep It Simple
  • #2,298
  • Jun 13, 2014 7:28am Jun 13, 2014 7:28am
Quoting 2013
Found Wheelbarrel Trailing_v1.2 GBPJPY,H1: Wheelbarrel trailing error (1). Mind to check what is it?

no idea,

use the original WUKAR and wheelbarrel seperately, they work flawless
Sleep less, live fast, as it aint gonna last
  • #2,299
  • Jun 13, 2014 7:28am Jun 13, 2014 7:28am
Quoting cigarguy
{quote} UJ, just moved up to the RDH retest I was looking for after my trailing SL hit. Timing, if only we knew what the MM's had in mind ! Regards, Cigarguy

at least you knew the risk before going in there

Udine
Sleep less, live fast, as it aint gonna last
  • #2,300
  • Jun 13, 2014 7:28am Jun 13, 2014 7:28am
Quoting Udine
{quote} no idea, use the original WUKAR and wheelbarrel seperately, they work flawless
Good idea. Thanks
8 traders viewing now