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As simple as possible: 00 level trading

  • #5,601
  • Jun 25, 2014 11:25am Jun 25, 2014 11:25am
Quoting Zokynho
{quote} Sorry to ask Udine, but wondering why didn't you take trades on picture? Thanks in advance! Regards! {image}

after 2 wins, then 1 loser, then back to 2 wins...

Worked hard enough to get back to +2 % so I stopped trading..

I am here to make money, not to trade....

Udine
Sleep less, live fast, as it aint gonna last
  • #5,602
  • Jun 25, 2014 11:32am Jun 25, 2014 11:32am
Quoting Udine
{quote} after 2 wins, then 1 loser, then back to 2 wins... Worked hard enough to get back to +2 % so I stopped trading.. I am here to make money, not to trade.... Udine

Well didn't know about this rule,this changes things again,and think thats why it is important to risk when you make your daily target and take bonus trades,make sense!

So always after 2 winners 1 loser and again 2 winners you quite that day?

Regards!
  • #5,603
  • Jun 25, 2014 11:34am Jun 25, 2014 11:34am
Anyone using HotForex here? It feels like its to big spread on the pairs. I trade E/J, E/U, G/U and E/G.

Whats your "biggest" spread you trade on? Mine limit for spread have been 2.0. Is it to wide or should it be ok?

I tried on demo acount on G/J, but the spread was like 3.4 and the SL hitted right away.

And last part.

Thanka alot for a great system Udine! Really funny to trade on a totally different way the earlier.
  • #5,604
  • Jun 25, 2014 11:35am Jun 25, 2014 11:35am
Quoting Zokynho
{quote} those days will come.... Trade safe!! It is just not for me ,and i am complicated when we talk about trading! How are you doing it today? Regards!

bingo..
change that + get some real sex.. what your getting ain't cutting.. lol

jk with ya..


ask for me, I lose..
but then at end of the year I am up by bunch.. its a marathon and game of toughness..

I like you ZO, that's why i joke with you.
Passion, Persist, Patience, Protect
  • #5,605
  • Jun 25, 2014 11:36am Jun 25, 2014 11:36am
Quoting Zokynho
{quote} Well didn't know about this rule,this changes things again,and think thats why it is important to risk when you make your daily target and take bonus trades,make sense! So always after 2 winners 1 loser and again 2 winners you quite that day? Regards!

Its no rule at all, but simply take a look at the chart and see for yourself, no clear trend, so why risk it???

that is logical thinking.... choosing your battles wisely !!!!

Udine
Sleep less, live fast, as it aint gonna last
  • #5,606
  • Edited 11:48am Jun 25, 2014 11:47am | Edited 11:48am
Quoting Udine
"7.4% down today..."

I would have stopped, but never reached more than 0.5% today (on balance).
4 TP, 1 BE, 5 SL. Started at L.O. , wanted to delete one SellStop after the 4. SL but it was too late...
Had I started with Frankfurt then yes, would have been 2% and out.
Better next time
  • #5,607
  • Jun 25, 2014 11:49am Jun 25, 2014 11:49am
tomorrow guys

Udine
Sleep less, live fast, as it aint gonna last
  • #5,608
  • Jun 25, 2014 12:21pm Jun 25, 2014 12:21pm
reached daily goal.. it took me a littttttttttttle while, lol
Passion, Persist, Patience, Protect
  • #5,609
  • Jun 25, 2014 12:23pm Jun 25, 2014 12:23pm
Three trades today, +15 pips. I agree with Udine, we still have to choose our battles and use our two best indicators. I mean, you have to have screentime to trade successfully even with a great system... I think this system is not 100% mechanical and wouldn't work as an EA. It is a great advice to stop trading when daily goal is reached. If you have a loss in the morning, you have the whole day to turn it green or neutral at least. If you have your pips in the morning, then lose them, you may have no chance to get them back.
Attached Image (click to enlarge)
Click to Enlarge Name: 25 junijs web.jpg Size: 326 KB
  • #5,610
  • Jun 25, 2014 12:29pm Jun 25, 2014 12:29pm
Now I read and very good. Udine, thanks for sharing. I'm trying the demo.
3 win trade. 1 loss. 2 BE. Nice.
I use EA. EA knows everything we need here. This is not advertising!
Sorry my bad English.
If you are interested in: http://www.icefx.eu/traderagent/ # tab-51-6
Regards
  • #5,611
  • Jun 25, 2014 12:29pm Jun 25, 2014 12:29pm
Spread imop don't matter. If you have a spread of say 2 pips and your trade moves 5 you are +3 and that doesn't change. If your trade goes off break even then it cost you nothing as your trade covered the spread thats the only way you could be break even right. Choose pairs wisely most brokers charge more for GJ,EJ and GA but these pairs also move more than most. I think the method is solid just focus on trades and not commission and try to avoid if the pairs are consolidated.
  • #5,612
  • Jun 25, 2014 12:30pm Jun 25, 2014 12:30pm
Udine if you are reading this

It confuses me that this morning the first trade after LO on GJ was a winner.
I see the candle at 09.02 (minute candle) touch the 3,5 pip level at 172.765 and at 09.04 pierce back through 172.800
It looks to me it was a BE trade

Attached Image
Persistence will get it. Consistency will keep it.
  • #5,613
  • Jun 25, 2014 1:18pm Jun 25, 2014 1:18pm
Guys,
Please allow me to get your attention for my last post on the EA. Further bug fixes and updates will be in my trading journal, so this place is clean. For any EA related questions, please feel free to ask there.

I thank Udine for the accommodation, here. More trading than coding in coming days.
Attached File(s)
File Type: ex4 WUKAR_WB_Trail_v1_7.ex4   47 KB | 546 downloads
  • #5,614
  • Jun 25, 2014 1:32pm Jun 25, 2014 1:32pm
Love the concept of quick in /quick out......3for3today trading gj from NY open...all on short side following rules...however had to set tp and stop manually. what is the trick to make wukar work ? Has there been discussion somewhere in thread?

ps...great work Udine
  • #5,615
  • Jun 25, 2014 2:06pm Jun 25, 2014 2:06pm
Quoting FXEmpire
{quote} if you doing fix spread.. if it's floating you can't be sure about it.. you may get trigger at .5 spread.. but by target time out at .9.. you come short .4.. as eg. and low spread mostly offered on floating.. for example eu on floating ecn ndd account under normal circumstances is between 0.0 to 0.6... but if you were to go for fix account mostly would 1.0 or even 2.0
I use ECN i have 0.0 to o.1 on eurusd for exeple, and comission of $5,5 per lot = 0.55 pips

If i entry long on 1,34500 i set my TP to 1,34557 right? when i open trade and spread is 0,1 then my trade show -commisoin -0,1 = -0,65 yes
BUT TP dosent lock at your commision thats why you need to add this , but your spreead will you get back if you set it to tp 5 pips and yes it need a move of 5,1 pips but still you set it to 5pips + commision to get your 1%

1/ BUY order is opened with the ASK price and closed with the BID price

2/ SELL order is opened with the BID price and closed with the ASK price

/Best regards Kenny
  • #5,616
  • Jun 25, 2014 3:12pm Jun 25, 2014 3:12pm
Quoting Go5
{quote} Good morning This is a money management indicator I hacked a bit to show less "bible text" and set to 1% risk on 10 pips (for easy calculation): I only use it so have an idea of the lots we are about to put on the table (with the but/sell script). Don't remember where I got it.... edit: I just realized (still sleeping..) you probably ment the i-profit tracker fixed indicator? It was posted in this thread. {file} {file} {file}
Hi Go5: Thanks for posting those. Must be in opposite time zones or would have replied sooner. Was looking for the one that tracks the profit/loss, I had it before and it went mia. Seeing yours brought it back to mind and you saved me a long hunting trip to find it again. Will check out the other one as well. Thank you very much. mdavem. Hope you are enjoying this Udine thing as much as I am.
  • #5,617
  • Jun 25, 2014 3:27pm Jun 25, 2014 3:27pm
Quoting pannet1
Guys, Please allow me to get your attention for my last post on the EA. Further bug fixes and updates will be in my trading journal, so this place is clean. For any EA related questions, please feel free to ask there. I thank Udine for the accommodation, here. More trading than coding in coming days. {file}
seen a few posts on this pannet1 but didn't take it in, what does this EA do. I guess merge wheelbarrow and wukar into 1 ?

thx
  • #5,618
  • Jun 25, 2014 3:34pm Jun 25, 2014 3:34pm
pls which 00-line is it breaking for entry am not seeing d zero line dt it will brake for me to place trade tnx pls help me out
  • #5,619
  • Jun 25, 2014 5:24pm Jun 25, 2014 5:24pm
Quoting mdavem
{quote} Hi Go5: Thanks for posting those. Must be in opposite time zones or would have replied sooner. Was looking for the one that tracks the profit/loss, I had it before and it went mia. Seeing yours brought it back to mind and you saved me a long hunting trip to find it again. Will check out the other one as well. Thank you very much. mdavem. Hope you are enjoying this Udine thing as much as I am.
You're welcome. Yes, certainly enjoying this - but still have to learn and get much better...
  • #5,620
  • Jun 25, 2014 5:41pm Jun 25, 2014 5:41pm
If you use the Wukar trailing EA you can input what your commission cost is, what you want the breakeven + profit to be, sl etc - it does everything for you except pull the trigger. The trailing EA combines original Wukar and Wheelbarrow and works great.
On the issue of days like yesterday I remember a post a while ago where Udine said he really only trades his 2 main pairs as he has studied them for so long that he can understand their rhythm - pretty hard to get that in touch with a currency pair if you are continually flicking between half a dozen pairs frantically looking for which one is going to provide a trading opportunity.
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