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As simple as possible: 00 level trading

  • #3,241
  • Jun 17, 2014 9:19am Jun 17, 2014 9:19am
Quoting Udine
{quote} I wont promise anything, but I will see what I can do.. Tomorrow I will be trading toghether with somebody who contacted me through this thread & lives near me. Udine
Thank you so much. If it happens its also a nice chance to hear your voice.
  • #3,242
  • Jun 17, 2014 9:23am Jun 17, 2014 9:23am
Hi there, does anyone have any advice re the news indie that does not attach to my charts?

I have no idea what to do...any help would be appreciated.
  • #3,243
  • Jun 17, 2014 9:23am Jun 17, 2014 9:23am
Quoting pannet1
{quote} Thank you so much. If it happens its also a nice chance to hear your voice.

lol, you would be dissapointed..

On the schoolplay I was not allowed to sing, as I sounded like the alarm of the fire brigade; the teacher was scared I would scare the people away, so I had to playback...

still have a trauma about it...

Udine
Sleep less, live fast, as it aint gonna last
  • #3,244
  • Jun 17, 2014 9:26am Jun 17, 2014 9:26am
Quoting HannesJoub
Hi there, does anyone have any advice re the news indie that does not attach to my charts? I have no idea what to do...any help would be appreciated.

try this one..

http://www.forexfactory.com/showthre...34#post7520634

post 820

Udine
Sleep less, live fast, as it aint gonna last
  • #3,245
  • Jun 17, 2014 9:26am Jun 17, 2014 9:26am
Quoting HannesJoub
Hi there, does anyone have any advice re the news indie that does not attach to my charts? I have no idea what to do...any help would be appreciated.

Try one of these two, and make sure to check "Allow DLL..."

I modified the sonic one so it doesn't say sonic. A bit cleaner.
Attached File(s)
File Type: ex4 NewsCal-v107.ex4   48 KB | 634 downloads
File Type: mq4 Sonic_5 FFCal Panel (Black).mq4   53 KB | 669 downloads
Small disciplines repeated with consistency lead to great achievements.
  • #3,246
  • Jun 17, 2014 9:27am Jun 17, 2014 9:27am
Quoting Udine
{quote} lol, you would be dissapointed.. On the schoolplay I was not allowed to sing, as I sounded like the alarm of the fire brigade; the teacher was scared I would scare the people away, so I had to playback... still have a trauma about it... Udine
You are the lucky one, they turned me into Lady Macbeth!! Hairy chest, stubble and all
  • #3,247
  • Jun 17, 2014 9:40am Jun 17, 2014 9:40am
ok guys, speak tomorrow..

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #3,248
  • Jun 17, 2014 9:44am Jun 17, 2014 9:44am
Hello everyone, I love this strategy and started demo trading it to get some confidence and experience .However today my new ECN broker slipped my pending orders by 3-4 pips, so despite great spread and commissions it is unusable for this strategy since the entry at the 00 level is so essential. I have noticed from the charts posted on the thread , that some of you get precise order fills. Would you mind sharing your broker with me. Kind regard, Andrew
  • #3,249
  • Jun 17, 2014 10:23am Jun 17, 2014 10:23am
Quoting HannesJoub
{quote} Udine, you are the boss, thanks. However, now that I have the indicator, it does not even want to attach to the chart...I see it there in the navigator window (with a little grey "ball" in the icon) but that is as far as it goes. Is there something else that I should do to attach the indicator? Sorry I am not trying to turn this into an MT4 how to... H
I am having the same problem but with all the news indicator given here in this thread.
Some of them have a little grey ball like HannesJoub...others i cant even get into the indicator file...???
  • #3,250
  • Jun 17, 2014 10:27am Jun 17, 2014 10:27am
Quoting Udine
{quote} try this one.. http://www.forexfactory.com/showthre...34#post7520634 post 820 Udine
Thanks Udine & JM, I will give them a try.

Cheers

H
  • #3,251
  • Jun 17, 2014 10:44am Jun 17, 2014 10:44am
Quoting Udine
{quote} lol, you would be dissapointed.. On the schoolplay I was not allowed to sing, as I sounded like the alarm of the fire brigade; the teacher was scared I would scare the people away, so I had to playback... still have a trauma about it... Udine
Hmnn, Lion roars. Some women are attracted to male with such (manly) voice. I sound so soft, many new ones on the other end of the phone thinks I am a female and addresses me that way. I have to make my voice hoarse unless they apologize. Hmnnn... other side of the coin.
  • #3,252
  • Jun 17, 2014 12:14pm Jun 17, 2014 12:14pm
It used to be so easy working with the metatrader platform...but now a days i cant even attach an normal indicator to the chart or save it to my mt4 files.
When it appears in the custom indicator list (finally) then there is a grey dot attach and i cant even attch the indicator to the chart.?!
I have metatrader 4 build 646 30 april 2014.
And im talking bout normal mt4 files not even talking bout ex4 files coz they dont appear at all in the list of custom indicators.
I have tried to use metaeditor...loaded the indicator and tried to compile a normal file what is working for somebody else but with me it gives all kinds of errors and the file is not compiled !? so it does not work correctly thats why the grey dot appears....
Im a little bit at the end of my nerves coz it use to be so simple...why did they change it??
This why im starting to dislike the metatrader platform
  • #3,253
  • Jun 17, 2014 1:00pm Jun 17, 2014 1:00pm
Quoting Udine
With regards to system analysis, I posted this over three years ago in another thread here on ff.com: Gleneagles, a great trader wrote the first one, and the second one comes from the james16 thread. I. System analysis: 1. is it easy to trade in terms of complex analysis and technical indicators? 2. is the system consistent for an average of 200 pips/month (one pair = 50 pips/week = 10 pips/day)? 3. can I fit it into my risk profile? 4. are there periods of uncomfortable drawdowns? 5. long term, intraday or scalping? For me all the factors are important...
Great post Udine.
  • #3,254
  • Jun 17, 2014 1:53pm Jun 17, 2014 1:53pm
Best scoreless football game I've ever seen. Great game. Viva México.
  • #3,255
  • Jun 17, 2014 2:45pm Jun 17, 2014 2:45pm
So I took some time to backtest this strategy to gain more confidence. Here are my results. This is only for GJ from april 28-may 30. It ended up making a total of 200 pips for 4 weeks.

The times are in EST and I only checked from London open to London close.

For break even trades, I averaged a value of +0.5 pips since it varies for each trade because of the trailing stop.

I followed all rules, used the FF calendar history to make sure I wasn't trading an hour before and 30 mins after major gbp or jpy news.

The only thing that can askew my results slightly is the fact that I didn't have a past history of RmUp or RmDn values to know when to not take trades. I compensated for this by not taking trades after price had moved 70+ pips away from daily open.
Attached File(s)
File Type: pdf backtesting.pdf   176 KB | 1,029 downloads
  • #3,256
  • Jun 17, 2014 3:12pm Jun 17, 2014 3:12pm
Quoting mt4fxtrader
So I took some time to backtest this strategy to gain more confidence. Here are my results. This is only for GJ from april 28-may 30. It ended up making a total of 200 pips for 4 weeks. The times are in EST and I only checked from London open to London close. For break even trades, I averaged a value of +0.5 pips since it varies for each trade because of the trailing stop. I followed all rules, used the FF calendar history to make sure I wasn't trading an hour before and 30 mins after major gbp or jpy news. The only thing that can askew my results...
Cool - that's how you get going - like Udine said, the testing process helps you believe and then the actual actions become easier. I have done a visual backtest of EJ and GJ for 6 months and know well enough for me that it certainly works.
Small disciplines repeated with consistency lead to great achievements.
  • #3,257
  • Jun 17, 2014 3:29pm Jun 17, 2014 3:29pm
Quoting mt4fxtrader
So I took some time to backtest this strategy to gain more confidence. Here are my results. This is only for GJ from april 28-may 30. It ended up making a total of 200 pips for 4 weeks. The times are in EST and I only checked from London open to London close. For break even trades, I averaged a value of +0.5 pips since it varies for each trade because of the trailing stop. I followed all rules, used the FF calendar history to make sure I wasn't trading an hour before and 30 mins after major gbp or jpy news. The only thing that can askew my results...
Very interesting. I don´t have experience in backtesting so I am wondering how did you test this ?
  • #3,258
  • Jun 17, 2014 3:32pm Jun 17, 2014 3:32pm
I'm still trying to understand the entry rules after the London open per rule #4 on page 1. Does "all levels" mean literally every pip or every 10 pips, ie 173.20, 173.10, etc? Thanks.
  • #3,259
  • Jun 17, 2014 3:56pm Jun 17, 2014 3:56pm
Quoting tonyjoe55
I'm still trying to understand the entry rules after the London open per rule #4 on page 1. Does "all levels" mean literally every pip or every 10 pips, ie 173.20, 173.10, etc? Thanks.
It means every 10 pips, except the 90 level on the buy side and the 10level on the sell side.
  • #3,260
  • Jun 17, 2014 4:00pm Jun 17, 2014 4:00pm
Quoting flx69
{quote} Very interesting. I don´t have experience in backtesting so I am wondering how did you test this ?
I just went back and looked at the charts from april 28 at on, and every time I saw a valid entry level according to the system I would record the outcome of that trade on excel, whether it be a winner, loser, or break even.
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