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As simple as possible: 00 level trading

  • #6,541
  • Jun 30, 2014 7:40am Jun 30, 2014 7:40am
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...
As long as we talk about pending orders, there should be no difference. They are setted at the brokers server. You should get the exact same entry.

Brokers may handle bigger accounts with priority, that may they answer. Your pings does not matter any time, as long as you set pending orders to the broker and as long as you use hard stops and takeprofits. (what most of you don't. You trust in hidden stuff, what I really can not believe. Serious brokers don't care for your stops, they will not hunt them.)

So. The only thing what depends on your own platform and internet connection, is the trailing stop. No matter if you use an EA (for hard stops) or the build in MT4 TS.

Everything, what you hide from the broker, is connection dependent, that matters.
  • #6,542
  • Jun 30, 2014 7:42am Jun 30, 2014 7:42am
I am out for today guys.. +26 good enough for half day work.

stay green you all.
Passion, Persist, Patience, Protect
  • #6,543
  • Jun 30, 2014 7:43am Jun 30, 2014 7:43am
GJ to TP

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #6,544
  • Jun 30, 2014 7:43am Jun 30, 2014 7:43am
GJ +5 (-10 for day)
  • #6,545
  • Jun 30, 2014 7:43am Jun 30, 2014 7:43am
Quoting FXEmpire
I am out for today guys.. +26 good enough for half day work. stay green you all.
well done

Udine
Sleep less, live fast, as it aint gonna last
  • #6,546
  • Jun 30, 2014 7:43am Jun 30, 2014 7:43am
Quoting Masterrmind
{quote} Very welcome humor Ata-Turkoglu.... I needed that...thank you Masterrmind............
You are welcome buddy.. whenever you need it again just let me know

Happy Trades
Focus only on what truly matters!
  • #6,547
  • Jun 30, 2014 7:43am Jun 30, 2014 7:43am
The G's to my daily target - done. [Spread widened and triggered the GA 5 seconds before the new candle opened.]
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj 6.30.14.png Size: 46 KB
Click to Enlarge Name: ga 6.30.14.png Size: 31 KB
Small disciplines repeated with consistency lead to great achievements.
  • #6,548
  • Jun 30, 2014 7:44am Jun 30, 2014 7:44am
Quoting mpillmann
{quote} As long as we talk about pending orders, there should be no difference. They are setted at the brokers server. You should get the exact same entry. Brokers may handle bigger accounts with priority, that may they answer. Your pings does not matter any time, as long as you set pending orders to the broker and as long as you use hard stops and takeprofits. (what most of you don't. You trust in hidden stuff, what I really can not believe. Serious brokers don't care for your stops, they will not hunt them.) So. The only thing what depends on...
clear said, even if i dont worry about hunting stops from my broker, as long its an ECN broker.
  • #6,549
  • Jun 30, 2014 7:44am Jun 30, 2014 7:44am
first trade with the method and TP hit +5

Thanks Udine

lots more homework for me
Attached Image (click to enlarge)
Click to Enlarge Name: 00 30.06.png Size: 55 KB
Give yourself a chance and trade it like it's layed out...
  • #6,550
  • Edited 8:01am Jun 30, 2014 7:46am | Edited 8:01am
Quoting jmflukeiii
The G's to my daily target - done. [Spread widened and triggered the GA 5 seconds before the new candle opened.] {image} {image}
Yes GJ +5

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB


Masterrmind..............
Master your Mind then Master your Trades
  • #6,551
  • Jun 30, 2014 7:51am Jun 30, 2014 7:51am
Quoting Bizzzle
first trade with the method and TP hit +5 Thanks Udine lots more homework for me {image}
Sleep less, live fast, as it aint gonna last
  • #6,552
  • Jun 30, 2014 7:51am Jun 30, 2014 7:51am
Bonus Trade on EJ. Done for today!

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.06.30_20h48m34s_008_.png Size: 56 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #6,553
  • Jun 30, 2014 7:56am Jun 30, 2014 7:56am
The "UdinesInstantBUYStopOrder" & "UdinesInstantSELLStopOrder" scripts place pending orders with a volume of 0.95.

Is there a setting to change that or what do you do to change it?
Lets WUKAR FIFO!! - Udine
  • #6,554
  • Jun 30, 2014 7:57am Jun 30, 2014 7:57am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy zzz 10.png Size: 49 KB
  • #6,555
  • Jun 30, 2014 8:00am Jun 30, 2014 8:00am
GJ to TP but with a strange behaviour of the buy/sell script (UdinesOpenBuy):
three times already (with other pairs), the order has been split in 3 or 4 parts (with correct total volume), see below:

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1.png Size: 51 KB


Any ideas?
  • #6,556
  • Jun 30, 2014 8:02am Jun 30, 2014 8:02am
Quoting JibalaPasan
Bonus Trade on EJ. Done for today! {image} Jibala

well done

Udine
Sleep less, live fast, as it aint gonna last
  • #6,557
  • Jun 30, 2014 8:09am Jun 30, 2014 8:09am
In Forex the start of the new financial day is in Wellington which is 1 hour prior Sydney opening. The daily open line should start from there.
If you set it on a different hour, you will miss the movement of the tokyo channel (asian session).
Many brokers (FinFX for example) uses this as start point for the new trading day.
In my opinion if you set a daily open line at a different hour, the open line will have no meaning at all, at least not for the big guys which move the market.
  • #6,558
  • Jun 30, 2014 8:11am Jun 30, 2014 8:11am
Quoting Go5
GJ to TP but with a strange behaviour of the buy/sell script (UdinesOpenBuy): three times already (with other pairs), the order has been split in 3 or 4 parts (with correct total volume), see below: {image} Any ideas?

nope, sorry

Udine
Sleep less, live fast, as it aint gonna last
  • #6,559
  • Jun 30, 2014 8:19am Jun 30, 2014 8:19am
Quoting zoothetrader
In Forex the start of the new financial day is in Wellington which is 1 hour prior Sydney opening. The daily open line should start from there. If you set it on a different hour, you will miss the movement of the tokyo channel (asian session). Many brokers (FinFX for example) uses this as start point for the new trading day. In my opinion if you set a daily open line at a different hour, the open line will have no meaning at all, at least not for the big guys which move the market.
Lots of brokers use GMT+3 as the daily open and weekly open: this equates with the close of New York, which is also the open of Sydney. I can't really speak to what "big boys" do, or if they even care at all, but basing opens/closes off of a larger financial hub like New York or London makes more sense to me; and the fact that it generally lines up with the open of the Asian session makes it an easy transition.

Regardless, it truly is not important; the idea is to place a line on your chart during the quiet hours and then when the market moves during the more volatile sessions, base your trades on where price is in relation to that line. Is price up on the day, or down? This is why just using your broker's open is good enough.
Small disciplines repeated with consistency lead to great achievements.
  • #6,560
  • Jun 30, 2014 8:23am Jun 30, 2014 8:23am
Quoting jmflukeiii
{quote} Lots of brokers use GMT+3 as the daily open and weekly open: this equates with the close of New York, which is also the open of Sydney. I can't really speak to what "big boys" do, or if they even care at all, but basing opens/closes off of a larger financial hub like New York or London makes more sense to me; and the fact that it generally lines up with the open of the Asian session makes it an easy transition. Regardless, it truly is not important; the idea is to place a line on your chart during the quiet hours and then when the market...

Sleep less, live fast, as it aint gonna last
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