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As simple as possible: 00 level trading

  • #4,221
  • Jun 20, 2014 2:34am Jun 20, 2014 2:34am
Quoting Qed
NICE CHART TRAFFEX been looking for softer combination thanx Q

Do you want the template?
  • #4,222
  • Jun 20, 2014 2:34am Jun 20, 2014 2:34am
I wonder if commissions (usually 7 USD/lot) are considered in this strategy...

TP: 5 pips - 0.7 pips (commission) = +4.3 pips net profit

SL: -10 pips - 0.7 pips (commission) = -10.7 pips net loss

In other words, one needs 7.15 winners out of 10 trades JUST TO BREAK EVEN (not considering BE trades).

To think it forward: One needs about a 8:2 W/L ratio to make some profit...

Is it a realistic expectation...?
  • #4,223
  • Jun 20, 2014 2:35am Jun 20, 2014 2:35am
Quoting Masterrmind
{quote} Breaking your own rules............. But TP makes up for it....... Masterrmind..........

Rule 21. Burpees.. executed

Udine
Sleep less, live fast, as it aint gonna last
  • #4,224
  • Jun 20, 2014 2:36am Jun 20, 2014 2:36am
Quoting HannesJoub
Guys please stop trading & winning, my PDF is busy cracking under the pressure of wanting to trade But seriously, well done to all making the pips today. H

your trading the P of the PDF
Sleep less, live fast, as it aint gonna last
  • #4,225
  • Jun 20, 2014 2:37am Jun 20, 2014 2:37am
Quoting Paracelsus
I wonder if commissions (usually 7 USD/lot) are considered in this strategy... TP: 5 pips - 0.7 pips (commission) = +4.3 pips net profit SL: -10 pips - 0.7 pips (commission) = -10.7 pips net loss In other words, one needs 7.15 winners out of 10 trades JUST TO BREAK EVEN (not considering BE trades). To think it forward: One needs about a 8:2 W/L ratio to make some profit... Is it a realistic expectation...?

forget W:L ratio...
just look at the charts ....

Udine

Edit: read the whole thread
Sleep less, live fast, as it aint gonna last
  • #4,226
  • Jun 20, 2014 2:37am Jun 20, 2014 2:37am
Gold .....shorts to TP

Masterrmind...........
Master your Mind then Master your Trades
  • #4,227
  • Jun 20, 2014 2:42am Jun 20, 2014 2:42am
Quoting Paracelsus
I wonder if commissions (usually 7 USD/lot) are considered in this strategy... TP: 5 pips - 0.7 pips (commission) = +4.3 pips net profit SL: -10 pips - 0.7 pips (commission) = -10.7 pips net loss In other words, one needs 7.15 winners out of 10 trades JUST TO BREAK EVEN (not considering BE trades). To think it forward: One needs about a 8:2 W/L ratio to make some profit... Is it a realistic expectation...?

I personally set my tp in order to net the full 5pips profit..
however since I know market don't give a rats ass about my tp agendas are, lol... so i stay finger ready to not let the close enough profit to get away... so +4/+3 on a so so movement.. but the ones that burst through.. i would get the full net..
that how i am approaching it.
Passion, Persist, Patience, Protect
  • #4,228
  • Jun 20, 2014 2:45am Jun 20, 2014 2:45am
Im good thanx Traffex , worked it out , its dicy business finding something pleasing to the eye ,well done Q
Whats That? you're trading What?
  • #4,229
  • Jun 20, 2014 2:48am Jun 20, 2014 2:48am
Hey Mastermind! If you are real about your belief in the Mastermind principle I'm sure you will take this the right way.
So please understand I'm not mocking you , but trying to show something very important .

OK, so :
Quoting Masterrmind
{quote} Breaking your own rules............. But TP makes up for it......
NO IT DOESN"T ! Actually it is a major trading mistake that took me a long time to overcome inside me.
Check this out:http://www.forexfactory.com/showthread.php?t=196702

As I can see Udini (aka Houdini) has made his burpees already so he deffinitely understands this principle.
Stay green , and have a great week end
"Always be yourself " Batman
  • #4,230
  • Jun 20, 2014 2:49am Jun 20, 2014 2:49am
EURAUD profit
Attached Image (click to enlarge)
Click to Enlarge Name: euraud profit.PNG Size: 103 KB
Donde hay Patron no manda Marinero
  • #4,231
  • Jun 20, 2014 2:50am Jun 20, 2014 2:50am
5 more pips @ eur/aud
  • #4,232
  • Jun 20, 2014 2:51am Jun 20, 2014 2:51am
Hey guys,
Has anyone had time to test the latest EA with the hidden TSL? Are there any bugs? Thx
  • #4,233
  • Jun 20, 2014 2:53am Jun 20, 2014 2:53am
gbpjpy +5

http://i61.tinypic.com/5k3er6.png

eurcad+5

http://i62.tinypic.com/106hggj.png
  • #4,234
  • Jun 20, 2014 2:53am Jun 20, 2014 2:53am
GJ : BE SL
GBP CAD : TP
EUR CAD : SL

EJ : nothing (900 lvl)
EU long pending @ 1.36300
EUR AUD : nothing (900 lvl)
GBP AUD : long pending @ 1.81400 / short pending @ 1.81200
GBP CHF : missed the train @ 1.52400 long...
GU long pending @ 1.70600
  • #4,235
  • Jun 20, 2014 2:53am Jun 20, 2014 2:53am
Quoting angeloarc
gbpjpy +5 {image} eurcad+5 {image}
sorry euraud
  • #4,236
  • Jun 20, 2014 3:00am Jun 20, 2014 3:00am
now short @ e/j
  • #4,237
  • Jun 20, 2014 3:01am Jun 20, 2014 3:01am
Quoting wurst
now short @ e/j
No.
The daily open is too close from .700 level
Trade Safe !
  • #4,238
  • Jun 20, 2014 3:02am Jun 20, 2014 3:02am
Hey Udine,one quick question,

I have daily open on gbp/jpy exact on 173.70 number,so i am interested would you put pending order there as it is both daily open and 00 number?

Regards!
  • #4,239
  • Jun 20, 2014 3:03am Jun 20, 2014 3:03am
Quoting Zokynho
Hey Udine,one quick question, I have daily open on gbp/jpy exact on 173.70 number,so i am interested would you put pending order there as it is both daily open and 00 number? Regards!
Next Levels must be at: 173.60 and 173.80
Trade Safe !
  • #4,240
  • Jun 20, 2014 3:03am Jun 20, 2014 3:03am
Quoting Zokynho
Hey Udine,one quick question, I have daily open on gbp/jpy exact on 173.70 number,so i am interested would you put pending order there as it is both daily open and 00 number? Regards!

My daily open is @ 173.07050

I have pending short @ 173.700

Udine
Sleep less, live fast, as it aint gonna last
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