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As simple as possible: 00 level trading

  • #6,521
  • Jun 30, 2014 6:51am Jun 30, 2014 6:51am
Quoting Udine
{quote} the previous trade where the GJ was out by TS, it was during the first 15 minutes fo the new hour, so the reverse I did not take during that hour... I waited till the new hour.. Udine

gotcha.. so even if reverse signal is provided you still stick to the one trade per hour per pair rule..
awesome.. thanks.
Passion, Persist, Patience, Protect
  • #6,522
  • Jun 30, 2014 6:53am Jun 30, 2014 6:53am
Quoting pipolo
GU-TP +5 {image}
.. nice catch pipo
Passion, Persist, Patience, Protect
  • #6,523
  • Jun 30, 2014 6:54am Jun 30, 2014 6:54am
Quoting Callum
Took a 10pip loss on the GJ short that udine got BE on, even though we are with the same broker.
This is really strange..... Have you got the ECN Standard account or other account types?

Prices, especially with the same broker, should be the same for everyone.....
  • #6,524
  • Jun 30, 2014 6:58am Jun 30, 2014 6:58am
Quoting lucariga
{quote} This is really strange..... Have you got the ECN Standard account or other account types? Prices, especially with the same broker, should be the same for everyone.....

we dont have the same internet connection... so maybe mine is slower or faster, dont know..

Udine
Sleep less, live fast, as it aint gonna last
  • #6,525
  • Jun 30, 2014 6:58am Jun 30, 2014 6:58am
udine
the truth I have no idea about the platform mt5
Are you a strategy explored in mt5?
  • #6,526
  • Jun 30, 2014 7:00am Jun 30, 2014 7:00am
Quoting lucariga
{quote} This is really strange..... Have you got the ECN Standard account or other account types? Prices, especially with the same broker, should be the same for everyone.....
Very dangerous assumption and sadly incorrect!

Differences in ping time will do it every time....

Masterrmind..........
Master your Mind then Master your Trades
  • #6,527
  • Jun 30, 2014 7:03am Jun 30, 2014 7:03am
Any one ever try this entry method with 5 pip sl or 1:1 rr instead of .5:1?
Luck is what happens when preparation meets opportunity
  • #6,528
  • Jun 30, 2014 7:06am Jun 30, 2014 7:06am
Quoting Juan007
udine the truth I have no idea about the platform mt5 Are you a strategy explored in mt5?
nope
Sleep less, live fast, as it aint gonna last
  • #6,529
  • Jun 30, 2014 7:08am Jun 30, 2014 7:08am
That is a problem with the scripts and EA overall.. net connection goes without a vps your at the mercy.. even full ea with vps could go wrong not even counting broker f-ing around actions.
Passion, Persist, Patience, Protect
  • #6,530
  • Jun 30, 2014 7:10am Jun 30, 2014 7:10am
Quoting Udine
{quote} we dont have the same internet connection... so maybe mine is slower or faster, dont know.. Udine
Its the full ECN Account, as others have said it can come down to internet connections and ping time... I was going to write initially that I had been "unlucky" but I dont like to use "luck" when talking forex... if I continue to see this sort of thing though a vps might be necessary...
  • #6,531
  • Jun 30, 2014 7:11am Jun 30, 2014 7:11am
few yrs ago I had argument with broker over prices , exactly the same time etc etc but different candle open , they rekned it was intnert speed I had pictures of both candles on diff pc ...
Whats That? you're trading What?
  • #6,532
  • Jun 30, 2014 7:12am Jun 30, 2014 7:12am
Quoting Udine
{quote} we dont have the same internet connection... so maybe mine is slower or faster, dont know.. Udine
Never thought at that....

How can internet connection affect our trading?

I thought that for example: If price is up 3.5 pips, than the EA puts our SL to BE. Because of the EA is managed by our PC, the SL should be at BE for everyone.... Shouldn't it?
  • #6,533
  • Jun 30, 2014 7:25am Jun 30, 2014 7:25am
Quoting lucariga
{quote} Never thought at that.... How can internet connection affect our trading? I thought that for example: If price is up 3.5 pips, than the EA puts our SL to BE. Because of the EA is managed by our PC, the SL should be at BE for everyone.... Shouldn't it?
Well, if the EA is managed by your PC, and you have different internet speeds than other's PCs, the EA will then manage according to whatever is happening on your PC which may or may not be the same as others.
Small disciplines repeated with consistency lead to great achievements.
  • #6,534
  • Jun 30, 2014 7:25am Jun 30, 2014 7:25am
guys.. I only say this bcz i like you all genuinely and care enough to see everyone to be profitable..

learn to trade this system fully manual or any method for that matter but especially a fifo one.. mechanical stuff could go wrong at will at anytime leave you for no where to look for.. and even if is successful for some time then eventually broker would start their game of messing around if you make it big enough to have their attention.

I have had spend thousands of dollars working with some cleaver programers face to face who were also good traders of their own to put together my system into a EA and watch it over constantly with most best and expensive vps around and still things went wrong.. we are talking paying over 2grand per month just for VPS.. now go figure.
it's complex sh**t, is all I can say in nutshell.. lol

anyways, just a comment out of care, that's all.. forget i even mentioned anything if you have too.
Passion, Persist, Patience, Protect
  • #6,535
  • Jun 30, 2014 7:25am Jun 30, 2014 7:25am
Quoting Callum
{quote} Its the full ECN Account, as others have said it can come down to internet connections and ping time... I was going to write initially that I had been "unlucky" but I dont like to use "luck" when talking forex... if I continue to see this sort of thing though a vps might be necessary...
To avoid ping time I made a deal with my broker.. so they let me trade directly from the server room
Attached Image
Focus only on what truly matters!
  • #6,536
  • Jun 30, 2014 7:28am Jun 30, 2014 7:28am
Today's target done

GU TP +10pips


Totally 20pips

Tokyo open, within 30 minutes.

NewYork open, within 30 mintues.
Outcome is not important at all, but correct technique is what only matters
  • #6,537
  • Jun 30, 2014 7:31am Jun 30, 2014 7:31am
Quoting Ata-Turkoglu
{quote} To avoid ping time I made a deal with my broker.. so they let me trade directly from the server room {image}
Very welcome humor Ata-Turkoglu.... I needed that...thank you

Masterrmind............
Master your Mind then Master your Trades
  • #6,538
  • Jun 30, 2014 7:32am Jun 30, 2014 7:32am
Quoting szpowerx
Today's target done GU TP +10pips Totally 20pips Tokyo open, within 30 minutes. NewYork open, within 30 mintues.
Sleep less, live fast, as it aint gonna last
  • #6,539
  • Jun 30, 2014 7:34am Jun 30, 2014 7:34am
Ok the USD currencies have woken up!

Back to work!

RED NEWS for USD in 1.5 hours -

Masterrmind...........
Master your Mind then Master your Trades
  • #6,540
  • Jun 30, 2014 7:36am Jun 30, 2014 7:36am
Quoting Udine
{quote}


All credit goes to Udine.

I learned much before, but after following Udine's style, i could seek some light in the horizon.

Thanks Udine.
Outcome is not important at all, but correct technique is what only matters
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