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As simple as possible: 00 level trading

  • #3,621
  • Jun 18, 2014 11:54am Jun 18, 2014 11:54am
Quoting lazyegg
Thank you Udine for offering an opportunity to become a millionair, I really love your system there is my question for Rule 11. Check ADR What is the good ADR number for enter a trade? thank you
I would want to have say 15-20 pips left on ADR to place a trade with this system. You want to have enough left for your target plus 2X spread as a minimum.
Pairs can exceed their ADR but often not by much on quiet days they don't even do that (it is an average remember) . The more room to the ADR the better. Look for the SM_ADR Marker indicator- it might help you keep track.
  • #3,622
  • Jun 18, 2014 11:56am Jun 18, 2014 11:56am
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 54 KB


Deja vu!
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,623
  • Jun 18, 2014 11:58am Jun 18, 2014 11:58am
Quoting Contrax
{quote} So you use 2 computers? In 1 you open the mt4 and use the WULKAR and the other computer u open the mt4 same account and use the wheelbarrel?
The simplest is to put each ea in a separate window on one computer. I was just pointing out an alternative method
  • #3,624
  • Jun 18, 2014 12:06pm Jun 18, 2014 12:06pm
Here, it explains quite well what it is, and what the ADR is used. But it's in Spanish.

http://www.forexfactory.com/showthre...71#post7535371
Donde hay Patron no manda Marinero
  • #3,625
  • Jun 18, 2014 12:09pm Jun 18, 2014 12:09pm
Quoting Patron
Here, it explains quite well what it is, and what the ADR is used. But it's in Spanish. http://www.forexfactory.com/showthre...71#post7535371

Extremes skew averages. This does not occur with frequency distribution.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,626
  • Jun 18, 2014 12:09pm Jun 18, 2014 12:09pm
Quoting Zokynho
{quote} Ohhhh....did you read the thread? Cannot believe in this...Udine gave us something real real good,with great patiente answearing all questions and provide live trades!! What else is need,to trade instead of you!!??....This thread has 181 page and 100 of them are same questions and talk about EA's!! Guess what? everything is in 1st page,even indy with all rules and word document which explain logic behind this!! So simple and people trying to complicate this over and over again,and trying to put new rules,TP SL lvl's..... 1000$ and...
thank you takes time to read my question and answer it
well, I did read the Thread. but why i can't ask for help if i did not find the answer , i don't fully understand or i don't understand at all? is there any rule saying that once you read the thread and you must understand anything at once?
Never say no to PIPS
  • #3,627
  • Jun 18, 2014 12:12pm Jun 18, 2014 12:12pm
Quoting TooSlow
{quote} Extremes skew averages. This does not occur with frequency distribution.
I do not understand
Donde hay Patron no manda Marinero
  • #3,628
  • Jun 18, 2014 12:23pm Jun 18, 2014 12:23pm
Somehow I do not understand, how it's possible to not unterstand the most simple (and genius) system I ever heard of.

Take the Information from Post #1, open up a demo account and put all the indicators in the chart. Start to trade.

It's simple. I could teach this my 7 year old daughter in 10 minutes. Probably I will let her do that in demo and see what happens...

If anyone do not understand this system, how can he/she trade in any other system...? Ok, may use one EA every two weeks and burn money.

Anyhow. Have a nice evening all, see you tomorrow.
  • #3,629
  • Jun 18, 2014 12:32pm Jun 18, 2014 12:32pm
Quoting lazyegg
{quote} thank you takes time to read my question and answer it well, I did read the Thread. but why i can't ask for help if i did not find the answer , i don't fully understand or i don't understand at all? is there any rule saying that once you read the thread and you must understand anything at once?

This wasn't pointed only to you but for all other who asking questions that already been answered many times...

And read again the first post and word document....

Will COPY to you explanation from word document regarding ADR:

''Say the ADR (Average Daily Range) of a pair for the last 20 days is 100 pips.

''Lets use the Daily open line as the centre... so the daily potential of the pair is going higher: daily open + 100 pips and going lower: daily open -/- 100 pips, although it almost never goes exactly like this...

If at London open my pair has NOT moved the ADR, I know I can make money !!
Besides, I dont need many pips, not that hungry (read greedy)… no need to eat the whole pie, I simply want a small slice of the pie (5 pips/trade).


Next to know... has the ADR (Average Daily Range) been reached
IF ADR has been reached: no more trading... and if red number no trade in that direction!''

SIMPLE AS THAT and on the first post in word document!

Regards!
  • #3,630
  • Jun 18, 2014 12:39pm Jun 18, 2014 12:39pm
AUD/USD has been flowing nice
  • #3,631
  • Jun 18, 2014 12:40pm Jun 18, 2014 12:40pm
Who are you going? Because if it's me, mpillman, you're screwing up. I did not say than I do not understand the system. Precisely how wonderful this system is that everything is very clear and defined. Why have so many followers, I am the first. So we can never give enough thanks to Udine for sharing.
But what can not be done, is to apply a system without even knowing how to use use the Metatrader or without knowing the basics of FOREX.
Udine gives us a recipe, but do not try to do the kitchen too, and you hand feed.
You have the recipe, but you have to cook, and you have to eat. But if you do not know how to light the fire ....
Donde hay Patron no manda Marinero
  • #3,632
  • Jun 18, 2014 12:43pm Jun 18, 2014 12:43pm
Quoting Zokynho
{quote} This wasn't pointed only to you but for all other who asking questions that already been answered many times... And read again the first post and word document.... Will COPY to you explanation from word document regarding ADR: ''Say the ADR (Average Daily Range) of a pair for the last 20 days is 100 pips. ''Lets use the Daily open line as the centre... so the daily potential of the pair is going higher: daily open + 100 pips and going lower: daily open -/- 100 pips, although it almost never goes exactly like this... If at London open my...

my apology to you zokynho, i did not look at it carefully , i am sorry, you are right
Never say no to PIPS
  • #3,633
  • Jun 18, 2014 12:48pm Jun 18, 2014 12:48pm
Quoting Patron
Who are you going? Because if it's me, mpillman, you're screwing up.
I dont. For some reason I did not quote anyone.
  • #3,634
  • Jun 18, 2014 12:51pm Jun 18, 2014 12:51pm
Quoting lazyegg
{quote} my apology to you zokynho, i did not look at it carefully , i am sorry, you are right
You don't have to apologies to me,udine has problems with eyes and we must respect his health as he is willing to give us gold and guide us!!

Now my suggestion is read thread again slowly,make notes and start testing, and as you said: ''You will make your million with this strategy''

Regards!
  • #3,635
  • Jun 18, 2014 12:51pm Jun 18, 2014 12:51pm
Quoting mpillmann
{quote} I dont. For some reason I did not quote anyone.
Excuse me.
Donde hay Patron no manda Marinero
  • #3,636
  • Jun 18, 2014 12:52pm Jun 18, 2014 12:52pm
Seems that staying out of the EJ 138.700 long was a good choice, would have hit SL by now...

Let's get back to trading peeps...

H
  • #3,637
  • Jun 18, 2014 12:52pm Jun 18, 2014 12:52pm
Quoting lazyegg
{quote} but why i can't ask for help if i did not find the answer , i don't fully understand or i don't understand at all? is there any rule saying that once you read the thread and you must understand anything at once?
Those are very good questions. Not all threads condone that behavior and permit people to be treated that way.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #3,638
  • Jun 18, 2014 12:55pm Jun 18, 2014 12:55pm
Quoting HannesJoub
{quote} hi there FF-FX Room up - distance from current price to the top iro ADR Room down - opposite of the above T - pip range for (T)oday (in relation to the ranges as displayed by the indie)

Thanks HannesJoub, FerruFx and Udine.
I'm sorry my friends, I didn't want to bo bother you before the match !

I've tried to read the thread as carefully as I could ;-)
Quote
Sorry, I guess I should not encourage peeps to not read the thread...eish

But what confuses me is that RmUp + RmDn isn't equal to the ADR on the graphs, and that
I can't find the relationship between RgH, RgL, close and them on the graphs.

Attached Image (click to enlarge)
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I'm certainly missing something very obvious, and that's why I asked you that question...
It seems these notions are important as they would have avoided me some mistakes this afternoon ;-)

But have a good match, guys.
This can wait !
  • #3,639
  • Jun 18, 2014 12:59pm Jun 18, 2014 12:59pm
Quoting FerruFx
{quote} Oops ... you forgot to read the thread
LoL....
Small disciplines repeated with consistency lead to great achievements.
  • #3,640
  • Jun 18, 2014 1:00pm Jun 18, 2014 1:00pm
Quoting Ff-fx
{quote} Thanks HannesJoub, FerruFx and Udine. I'm sorry my friends, I didn't want to bo bother you before the match ! I've tried to read the thread as carefully as I could ;-) {quote} But what confuses me is that RmUp + RmDn isn't equal to the ADR on the graphs, and that I can't find the relationship between RgH, RgL, close and them on the graphs. {image} I'm certainly missing something very obvious, and that's why I asked you that question... It seems these notions are important as they would have avoided me some mistakes this afternoon ;-) But...
That is explain here
http://www.forexfactory.com/showthre...71#post7535371
Donde hay Patron no manda Marinero
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