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As simple as possible: 00 level trading

  • #2,821
  • Jun 16, 2014 11:03am Jun 16, 2014 11:03am
Quoting mkfx
{quote} Hi Udine, Thanks for sharing this system. if you feel comfortable please can you tell us how many pips you made today and last week by this system . Just . Thanks

check post 2806 for todays results and for others just count the winners in the thread

BTW "to know the Max potential in terms of pips" the goal is to get 10 pips per day... not maxing out the potential... that is greed !!

Udine
Sleep less, live fast, as it aint gonna last
  • #2,822
  • Jun 16, 2014 11:04am Jun 16, 2014 11:04am
Quoting flx69
GJ short @ 173.000 to TP. My internet connection dropped, luckily the EA has a hard stop...
For that reason and cause Oanda (my ex broker) got a longer offline time a couple months ago, I do not hide this tight stops for scalping. I use hard stops, put in immediatly after entering a trade in the specific pairs.
The risk is far too high for this trades, to let them run with hidden stops.

I wonder, why most of you do so. If your broker got a dealing desk and hunts your stops, change the broker.
  • #2,823
  • Jun 16, 2014 11:04am Jun 16, 2014 11:04am
Quoting pannet1
Dear Fellas, I am seriously loosing hope. GJ - 2 BE (Actually are losers after adding up commission and spread) EJ - 1 TS GU - 1 SL {image} At this rate, I will be bankrupt soon.
My advice is this -

1) if your trading this method, trade it the way the creator does. Remove all extraneous indicators from your charts.
2) if your trading this method, trade it the way the creator does. Trade EJ and GJ only.
Small disciplines repeated with consistency lead to great achievements.
  • #2,824
  • Jun 16, 2014 11:05am Jun 16, 2014 11:05am
Quoting pannet1
Dear Fellas, I am seriously loosing hope. GJ - 2 BE (Actually are losers after adding up commission and spread) EJ - 1 TS GU - 1 SL {image} At this rate, I will be bankrupt soon.
@Pannet1
Did you demo this for enough time to feel confident ?
Did you double 2 demo accounts in size ?
Do you have a low spread / acceptable comms broker ?
  • #2,825
  • Jun 16, 2014 11:05am Jun 16, 2014 11:05am
Quoting mpillmann
{quote} I'm using the swissarmyknife EA, what can handle all trades or pair specific trades (what is my setting for other open trades in long term). Its doing well.
mpillmann,

Thank you. Are the settings you use here in the thread somewhere?

Thanks,
FXGirl21
FXGirl21
  • #2,826
  • Jun 16, 2014 11:06am Jun 16, 2014 11:06am
Quoting ericjschroed
{quote} Sorry the TS is not fixed yet, still working on it. (Where is Pannet when I need him?)
My entire weekend (day and night) is gone working on the EA and now you are also working on it. I told you, if you are working I am not, did n't I. Bonus, now I have someone needing me . So nice mate. Cheers.

PS: I did some massive overhaul on the EA. Let me fully complete it, test it and then release it.
  • #2,827
  • Jun 16, 2014 11:08am Jun 16, 2014 11:08am
Quoting pannet1
Dear Fellas, I am seriously loosing hope. GJ - 2 BE (Actually are losers after adding up commission and spread) EJ - 1 TS GU - 1 SL {image} At this rate, I will be bankrupt soon.

cannot see the trades... besides close the EU and GU chart...

focus on the EJ and GJ...at least you can compare with my charts...

If your trading live, you have not read the thread!!!

you start to demo trade, get consistent, and demo until you have doubled your demo account TWICE !! then and only then you start trading live with a small account and the smallest lotsize to get consistent in live trading..

so going bankrupt like this, means your not running your business as you should !!

Udine
Sleep less, live fast, as it aint gonna last
  • #2,828
  • Jun 16, 2014 11:09am Jun 16, 2014 11:09am
Quoting guibernaua
Hello All, A little contribution here. Some rules contradict Udine´s, but in general, it reinforces the importance of Discipline. g {image}

its a good read !!

udine
Sleep less, live fast, as it aint gonna last
  • #2,829
  • Jun 16, 2014 11:10am Jun 16, 2014 11:10am
Quoting Udine
{quote} cannot see the trades... besides close the EU and GU chart... focus on the EJ and GJ...at least you can compare with my charts... If your trading live, you have not read the thread!!! you start to demo trade, get consistent, and demo until you have doubled your demo account TWICE !! then and only then you start trading live with a small account and the smallest lotsize to get consistent in live trading.. so going bankrupt like this, means your not running your business as you should !! Udine
Yes Sensei.
  • #2,830
  • Jun 16, 2014 11:11am Jun 16, 2014 11:11am
Quoting FXEmpire
{quote} sonny you got a lot to learn.. this game is not about being right or wrong.. it's a survival game above all. I live to play again, there is plenty of opportunity that come around which could be clean winners. however i really don't know why I respond to people like you.
Is that why ur sig said -40% for the week a few days ago? Are u following ur advice ?!
  • #2,831
  • Jun 16, 2014 11:15am Jun 16, 2014 11:15am
Done trading for today. watching Germany - Portugal... (1-0) nice start of the match...

speak later..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,832
  • Jun 16, 2014 11:16am Jun 16, 2014 11:16am
Bad day for me i forgot to put SL before EJ spike ...

2 mistakes

I should be more focused during sessions
  • #2,833
  • Jun 16, 2014 11:19am Jun 16, 2014 11:19am
Quoting jmflukeiii
{quote} My advice is this - 1) if your trading this method, trade it the way the creator does. Remove all extraneous indicators from your charts. 2) if your trading this method, trade it the way the creator does. Trade EJ and GJ only.
jmflukeii,
1) no indicators (except 50 sma)
2) ok mate. noted.

Quoting flx69
{quote} @Pannet1 Did you demo this for enough time to feel confident ? Did you double 2 demo accounts in size ? Do you have a low spread / acceptable comms broker ?
- Did you demo this for enough time to feel confident ?
No. Mate.
- Did you double 2 demo accounts in size ?
Before going live. Yes.
- Do you have a low spread / acceptable comms broker
Yes and No. StopOrder Price and Fill prices are different. Trail Stop and Actual SL price are different.

Thanks for the concern. Love you guys.
  • #2,834
  • Jun 16, 2014 11:20am Jun 16, 2014 11:20am
If flx69's undock tool doesn't work for you, you can try this one.
It works fine for me.

Quote
It's a window / chart undocking tool.
You add it to a chart like it was an indicator and the chart window will detach from MT4 and can then be moved independently from MT4's terminal (and even to another monitor entirely.)
For anyone using multiple monitors or just wants a clean, single chart to work with instead of the space wasting MT4 layout, this is for you.
Now you can have the terminal in one window showing one chart, and each additional monitor showing an independent chart.
To install: Put the ex4 file in your MQL4\Scripts folder, and the...

Source : http://fxgears.com/forum/index.php?topic=86.0
Attached File(s)
File Type: zip Undock Chart.zip   115 KB | 384 downloads
  • #2,835
  • Jun 16, 2014 11:21am Jun 16, 2014 11:21am
CLearly bad if i dont take the first trade against the rules, 2 winner after and stop .... Its not an easy game !!
  • #2,836
  • Jun 16, 2014 11:27am Jun 16, 2014 11:27am
Quoting Udine
2 more wins... both EJ and GJ to TP !! Udine {image}
I have a question about your GJ trade in post #2797. Does it interfere with your rule "12. Distance to RN > 10 pips" ?


http://www.forexfactory.com/attachme...0&d=1402931447
  • #2,837
  • Jun 16, 2014 11:30am Jun 16, 2014 11:30am
Any ideas why Daily showing green, when PA is under the White daily line? Help..
Attached Image (click to enlarge)
Click to Enlarge Name: oanda - metatrader.png Size: 79 KB
  • #2,838
  • Jun 16, 2014 11:41am Jun 16, 2014 11:41am
Quoting Udine
{quote} cannot see the trades... besides close the EU and GU chart... focus on the EJ and GJ...at least you can compare with my charts... If your trading live, you have not read the thread!!! you start to demo trade, get consistent, and demo until you have doubled your demo account TWICE !! then and only then you start trading live with a small account and the smallest lotsize to get consistent in live trading.. so going bankrupt like this, means your not running your business as you should !! Udine
Going Bankrupt was just an analogy. I am down just 0.8% today. Will try even smaller lots from tomorrow and get consistency first.
  • #2,839
  • Jun 16, 2014 11:42am Jun 16, 2014 11:42am
Quoting pannet1
{quote} Going Bankrupt was just an analogy. I am down just 0.8% today. Will try even smaller lots from tomorrow and get consistency first.

I think you had us all concerned for you!

Remember that guy who gave up? Neither does anyone else.
  • #2,840
  • Jun 16, 2014 11:54am Jun 16, 2014 11:54am
Quoting driven18
Any ideas why Daily showing green, when PA is under the White daily line? Help.. {image}
It looks like you have your m-candles indicator set to show 8-hour periods. So it isn't showing the daily candle - set it to 1440 if you want that. Udine and most of us have it set at 60 minutes to show the 1-hr candle.
Small disciplines repeated with consistency lead to great achievements.
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