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As simple as possible: 00 level trading

  • #5,901
  • Jun 26, 2014 7:49pm Jun 26, 2014 7:49pm
Quoting jmflukeiii
GJ to target. Halfway... {image}
EJ started moving again yesterday, back to trading it. Done for my evening -
Attached Image
Small disciplines repeated with consistency lead to great achievements.
  • #5,902
  • Jun 26, 2014 7:50pm Jun 26, 2014 7:50pm
Profit hit. Was not sure about it....gave it room to breath.....boom. +5 pips. Chart not posted out of respect for Udine. It does not match his system, but the process was his!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #5,903
  • Jun 26, 2014 8:00pm Jun 26, 2014 8:00pm
Quoting msdogan
I made backtest with EA but all pairs are negative.
1. EA does not consider if ADR is reached.
2. You have to manually eliminate trades that happened during news; that cannot be backtest coded.
3. If you have 1 win on EJ and 1 on GJ, you stop trading. I think the EA is supposed to do that in realtime but you can't backtest 2 pairs at the same time so it will take more trades than needed.

Quoting msdogan
...system is not profatable
Don't let Udine hear you say that! Last time he said something, he was up 80% for the month!
  • #5,904
  • Jun 26, 2014 8:06pm Jun 26, 2014 8:06pm
Hmm, seems there is EUR red news all day tomorrow due to the Germans. Guess that means the EUR is out of bounds at the Frankfurt open?

That will be limiting for those of us sticking like glue to Udine.
  • #5,905
  • Jun 26, 2014 8:19pm Jun 26, 2014 8:19pm
Quoting ericjschroed
{quote} Why not rule 11? This checks if price has moved average ADR already and not to trade if it has reached it in the current direction. This is currently based on an exponential ADR(1+5+10+20)/4.
I shall add it to the next version of the EA.
  • #5,906
  • Jun 26, 2014 8:31pm Jun 26, 2014 8:31pm
im using udine system with the help of XUX99 EA but i will wait for the next version of it and hoping that all UDINE rules might done with the XUX99 EA.

thanks UDINE and XUX99
  • #5,907
  • Jun 26, 2014 8:41pm Jun 26, 2014 8:41pm
gj TP + 10PIPS

So in Tokyo session, me have two TP, 20PIPS in.

I love tokyo session.
Outcome is not important at all, but correct technique is what only matters
  • #5,908
  • Jun 26, 2014 8:50pm Jun 26, 2014 8:50pm
Quoting Traffex
{quote} Can you post a chart ?
The following are some examples of a chart setup you could use for Gold but you may need to modify it to suit your particular style.

You need to be aware of the following:

1. The spread on Gold given by your broker
2. The range, point value and the levels that you will trade
3. Apply Udine's Rules (Post #1) as much as possible (they will keep you out of many losing trades and into more winners !)
4. Feel free to adapt the style of the chart to your own preference (number of lines, colors etc)
5. If you are not sure what you should be doing ...........simply ask!

The following are some examples:

M5 GOLD XAUUSD

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 48 KB


M15 GOLD XAUUSD

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB


M60 GOLD XAUUSD

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 51 KB


As a strong suggestion it is far better to use pending orders (make use of the scripts and trailing EA's that have been generously donated by other traders/coders to whom we are all very grateful)

Using pending orders makes the whole process so much easier.

ps. The silver screen does not require any changes so use M15 or which ever TF you prefer.

Good luck in your trading!

Masterrmind.........
Master your Mind then Master your Trades
  • #5,909
  • Jun 26, 2014 8:53pm Jun 26, 2014 8:53pm
Morning MM those yellow price level boxes in middle of screen ,how do you get them there please? another good morning on spi till spi ran out of steam , pending buy stops hit then didnt quite hit TPs
Whats That? you're trading What?
  • #5,910
  • Jun 26, 2014 9:02pm Jun 26, 2014 9:02pm
GU TP, another to go...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 26 KB
  • #5,911
  • Jun 26, 2014 9:02pm Jun 26, 2014 9:02pm
Quoting Qed
Morning MM those yellow price level boxes in middle of screen ,how do you get them there please? another good morning on spi till spi ran out of steam , pending buy stops hit then didnt quite hit TPs
Good Morning Qed,

Do the following:

1. Open SweetSpotsGold_TRO_MODIFIED_VERSION custom indicator

2. click on Inputs Tab

3. For the Variable "Show_Lables" set the value = "true".

4. click "ok" then "close"

5. Labels should now be visible on your screen.

If not let me know

Masterrmind...........
Master your Mind then Master your Trades
  • #5,912
  • Jun 26, 2014 9:03pm Jun 26, 2014 9:03pm
Quoting xux99
{quote} I shall add it to the next version of the EA.
Thanks. I also wondered about the Daily Open. I don't see an easy way to modify that. My broker is GMT 0 and Udine's is +3 so I want to start my DO line at 2100. I can think of several possible ways to do that but this is your baby. Any chance you can work that in?
  • #5,913
  • Jun 26, 2014 9:05pm Jun 26, 2014 9:05pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 57 KB


For those struggling consider entering at the X5 line when it is nearer to the H1 open than X0. The above chart should make this clear.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,914
  • Jun 26, 2014 9:06pm Jun 26, 2014 9:06pm
ok Thanx . busy atm will do ltr
Whats That? you're trading What?
  • #5,915
  • Jun 26, 2014 9:08pm Jun 26, 2014 9:08pm
Quoting Qed
ok Thanx . busy atm will do ltr
No problem!

Masterrmind...........
Master your Mind then Master your Trades
  • #5,916
  • Jun 26, 2014 9:27pm Jun 26, 2014 9:27pm
Quoting xux99
{quote} I shall add it to the next version of the EA.
Also I noticed the Comments don't disappear when you remove the EA and there are 420(!) Comment labels being created. Isn't that a bit much? If an array variable is empty, why does it create a comment label?
  • #5,917
  • Jun 26, 2014 9:35pm Jun 26, 2014 9:35pm
Quoting ericjschroed
{quote} Thanks. I also wondered about the Daily Open. I don't see an easy way to modify that. My broker is GMT 0 and Udine's is +3 so I want to start my DO line at 2100. I can think of several possible ways to do that but this is your baby. Any chance you can work that in?
I shall add a day start hour option.
  • #5,918
  • Jun 26, 2014 9:39pm Jun 26, 2014 9:39pm
Quoting xux99
{quote} I shall add a day start hour option.
Thanks.

One more thing. I applied this to a GMT+3 chart and it says "We are inside news period" from 4:33 to 6:03, (5:38 time/ 2:38 GMT) but I see no news at this time. Why is that?

(Maybe I should PM you instead.)
  • #5,919
  • Jun 26, 2014 9:51pm Jun 26, 2014 9:51pm
Quoting jmflukeiii
{quote} The natural progression of any thread... great system! having some success! can we make an EA?! having some failure EA isn't positive Damn... trading is harder than just finding a system on FF, depositing money with your credit card, trading for a month, and buying a Lamborghini. Some, including Udine, will continue to manually trade this system and have great success. Most will not, its the simple truth.
Sooooo well said. I'm still relatively new to fx but I have noticed the same thing. Personally, I'm going to stick to Udine's rules, no changes, and I'm going to do it manually. If I screw up, hopefully I will learn and adapt. I refuse to try and change his method, or try and find a shortcut. I'm still on demo, but so far Udine's way is working for me and I'm sticking with it.

Thanks Udine!

Marto
  • #5,920
  • Jun 26, 2014 10:26pm Jun 26, 2014 10:26pm
MOST EXCELLENT IDEA Marto
Whats That? you're trading What?
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