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As simple as possible: 00 level trading

  • #7,781
  • Jul 4, 2014 2:06pm Jul 4, 2014 2:06pm
Quoting FXEmpire
{quote} I understand you said fear jm.. but it's a different kind of fear.. I am not necessarily talking fear of losing.. but fear of length of time awaiting to come back just to breakeven. you see.. is about digging deep to find the roots.. systematically speaking you got to have two daily goal achieved to cover one day of two losses.. that is two days waiting time.. just to be breakeven after 3 days!!.. this is a different fear.. makes people do lovely things for more damage, lol patience cripples down, confidence crushes, you name it..
I see what you are saying - understood -
Small disciplines repeated with consistency lead to great achievements.
  • #7,782
  • Jul 4, 2014 2:10pm Jul 4, 2014 2:10pm
Quoting jen101
{quote} Hey Empire, go easy... I've been lurking here because as I'm subscribed to you and you post so much I'm getting constantly spammed But I'm not trading this... I have my own thing . Look, this is a system. There are thousands of "systems." There are rules and if everything can be quantified, it can be written into an EA. No problems with fear, greed, jealousy, revenge trades, scared of losing out, getting a few more in the bag whilst the sun is shining... etc etc. And we all know that EA's will all eventually fail. The issue...

tell'em smart jenny, lol.. now thats some sensible talk.

jenny you stay beautiful instead of green all the time, lol
Passion, Persist, Patience, Protect
  • #7,783
  • Jul 4, 2014 2:14pm Jul 4, 2014 2:14pm
Quoting lucariga
Hey guys, can you help me understand why my trailing stop didn't work? I obviously have wheelbarrel active... {image}
What is obvious is you have WUKAR active, not Wheelbarrow. Wheelbarrow should be on a different chart because it manages all pairs from 1 chart.
  • #7,784
  • Jul 4, 2014 2:46pm Jul 4, 2014 2:46pm
Quoting driven18
{quote} Like I said - FXEmpire - you are an IDIOT...and because of the respect to Udine, I will stop at that..
if you had any respect for udine you would not have cussed at all.

one word for you.. LOSER.

I was actually trying to help there punk.. to consider some technique in your tool box to pull out in the time of need or at least have a perspective about.
Passion, Persist, Patience, Protect
  • #7,785
  • Jul 4, 2014 3:11pm Jul 4, 2014 3:11pm
Quoting ericjschroed
{quote} What is obvious is you have WUKAR active, not Wheelbarrow. Wheelbarrow should be on a different chart because it manages all pairs from 1 chart.
I am and have been using Eric's v1.2e... Works perfect. -
Small disciplines repeated with consistency lead to great achievements.
  • #7,786
  • Edited 3:59pm Jul 4, 2014 3:40pm | Edited 3:59pm
guys please take your arguments over to pm, I'm trying to learn the system here and would appreciate it if you can only post system related posts. if you don't agree state your reason and drop it. don't persist/nag! You all are doing a wonderful job adding to the system.
  • #7,787
  • Jul 4, 2014 4:00pm Jul 4, 2014 4:00pm
Quoting jmflukeiii
{quote} I am and have been using Eric's v1.2e... Works perfect. -
I think you mean 1.3.2e? That's the last one I posted.
  • #7,788
  • Jul 4, 2014 4:48pm Jul 4, 2014 4:48pm
Quoting ericjschroed
{quote} I think you mean 1.3.2e? That's the last one I posted.
No, I've got WUKAR_WB_Trail_v1_2e -> must have missed an upgrade. Either way, works great, thanks!
Small disciplines repeated with consistency lead to great achievements.
  • #7,789
  • Jul 4, 2014 5:09pm Jul 4, 2014 5:09pm
What I think the referee is purchased?
I'm thinking will be wrong?


Colombia's best team than Brazil

que viva Holanda

Holanda world champion ¡¡¡¡¡¡¡¡
  • #7,790
  • Jul 4, 2014 5:55pm Jul 4, 2014 5:55pm
Deutschland!!!

Ein Hoch auf uns ...
  • #7,791
  • Jul 4, 2014 6:04pm Jul 4, 2014 6:04pm
Quoting jmflukeiii
{quote} No, I've got WUKAR_WB_Trail_v1_2e -> must have missed an upgrade. Either way, works great, thanks!
I think what I added later was the hidden BE and TS but if it works, don't fix it!
  • #7,792
  • Jul 4, 2014 6:17pm Jul 4, 2014 6:17pm
A lot of children here posting......PLEASE FIND A REAL JOB...OR GET AN EDUCATION....THIS SYSTEM WILL ONLY WORK FOR THE SELECT FEW...
  • #7,793
  • Jul 4, 2014 6:18pm Jul 4, 2014 6:18pm
Quoting jmflukeiii
{quote} No, I've got WUKAR_WB_Trail_v1_2e -> must have missed an upgrade. Either way, works great, thanks!

Yes, I'm using it too and it works perfectly...
WUKAR_WB_Trail_v1_3_2e
Thanks Eric for your very good work !

And good WE to both of you ;-)
  • #7,794
  • Jul 4, 2014 6:26pm Jul 4, 2014 6:26pm

  1. Post 1
  2. Cleanup
  3. Quote
  4. First Post: Nov 9, 2011 8:24am | Edited Jan 30, 2012 4:51am

  1. Udine
  2. Joined Jul 2008 | Status: Member | 3,203 Posts

UPDATE: I have made a minor adjustment to the INVICTUS system. please go to page 152, post 2268:
http://www.forexfactory.com/showthre...04#post5278004

Template can be found here: http://www.forexfactory.com/showthre...23#post5321123

Udine

I'll start with some background info:

I have been asked by some people a couple of times to start a thread of my own, while I have been active on the Freebie thread: http://www.forexfactory.com/showthread.php?t=276813

I have registered in july 2008 in ff.com, but have started learning and reading on http://www.babypips.com/school/

I have fooled around with a lot of systems like everybody, but when I found Dredding82's thread (june 2011) the pieces started to fall together.

I have read and re-read the thread and adapted it somewhat.

I started to demo trade my adaptation, which I call INVICTUS, (but could have called it FIFO (Fast In Fast Out), as the trades take mostly only a few minutes) in July 2011 until the end of october 2011.

I have a positive strike rate of about 90 % and the results have been very positive: between 12 - 42 % account growth per week.

The month of August I have not traded, as August is only good for holidays

During my demo trading I have prepared my business plan, trading plan, set my trading rules in stone, set up my trading checklist, my general trading rules, started my trading log / journal which gave me all the details needed. to which pair is more profitable, which days of the week work best, which hour of the day give me higher profitability, etc. etc.

I have started trading live only last week, and thanks to the confidence in the system and myself (hey you have to be your own cheerleader!!), did not mess me up psychologically.... The results have been outstanding as ever: + 28.9 % to the account.

this week up to this moment I am up 12.6 %

Out of gratitude I have promised Dred that, as soon as I reach my goal (in about 15 months, give or take a few days) I would pay for a trip to VEGAS to meet up. Others of Dred's tribe might meet up as well, but they have to pay for the trip themselves

At this moment I work fulltime, and try to squeeze in the trades. I miss several trades, but there is always tomorrow.

to be continued .....

INVICTUS..haha....why did you change your system udine??

  • #7,795
  • Jul 4, 2014 7:23pm Jul 4, 2014 7:23pm
Quoting MrTD
Hi Guys, Due to the number of PM's requesting customised settings for the OpenstopOrder scripts and that although I preferred we stuck to the rules Udine has laid out here for us, there were some legitimate cases where custom settings are required. For instance where trading accounts don't allow micro lots, the percentage based lot size won't work. So I have made new versions that will allow you to choose your own settings. Before you use the scripts, you need to run the Setglobals script to set your preferences... These are global to your mt4 platform...
Great work thanks MrTD
  • #7,796
  • Jul 4, 2014 7:34pm Jul 4, 2014 7:34pm
Quoting Masterrmind
{quote} Yes I took a 10 pip loss on that trade as already mentioned in the thread which was when I actually said that level was "as strong as a rock" or similar words. It would have paid to check say the H1 time frame prior to taking the trade but it's always easy to do in hindsight (next time I will though that's for sure) There could be any number of reasons why other traders did not take the trade. 1. They were already in 2 running trades. 2. They had several pending orders of which at least one was about to be triggered 3. They were not watching...
I got caught early in LO with 900, watched it for a while and got nervous with the support it was getting. Hardly an exact science coz support gets broken all the time and with Udines system I've watched support get broken and people bank green pips. Just gut feel and nervousness for me I spose.
  • #7,797
  • Edited 8:12pm Jul 4, 2014 7:56pm | Edited 8:12pm
Quoting pj9999
Post 1 Cleanup Quote First Post: Nov 9, 2011 8:24am | Edited Jan 30, 2012 4:51am Udine Joined Jul 2008 | Status: Member | 3,203 Posts UPDATE: I have made a minor adjustment to the...
Ok, Mister pj9999:
Im a professional Trader since 2009!! I think you are not!!!
I have my own Strategy, not like this in this thread!!
The only reason i follow this thread is that:
Everyone make mistakes in FOREX, me included!!!! (its part of the work)
BUT what UDINE makes possible here for Newbies is Incredible!!
Such a simple System ive not seen for Years!
Thats the way to learn!!
I posted only 1 "Trade Image"
This was the first Trade with this System!! A WIN
I tested it the following weeks simultanous with my strategy, and it WORKS!!
Im only intrested in this Thread, because the resonance is so Big!!
Thank you UDINE for such a good Thread and so simple System for Newbies!!
BTW: Im from Salzburg, im in Udine in about 3 Weeks, Time for a Coffee UDINE??

Cheers Pipolo
  • #7,798
  • Jul 4, 2014 8:37pm Jul 4, 2014 8:37pm
Quoting pj9999
..... INVICTUS..haha....why did you change your system udine??
Pretty sure if you read this thread from the beginning you would have an idea of at least part of the answer.
  • #7,799
  • Jul 4, 2014 8:46pm Jul 4, 2014 8:46pm
Quoting buntmn
{quote} I got caught early in LO with 900, watched it for a while and got nervous with the support it was getting. Hardly an exact science coz support gets broken all the time and with Udines system I've watched support get broken and people bank green pips. Just gut feel and nervousness for me I spose.
Just reviewing my trading log for the week, I got caught with this trade that has been discussed as well, I almost didn't take simply because the 1hr candle before had respected the 900 level basically to the exact pip. That is my take away from that trade, to have a closer look when the level has previously been respected so well during the session.
I'm not about to go plotting S/R lines on my charts, I love this system for not having anything to do with them! perhaps that will be to my peril, perhaps not
  • #7,800
  • Jul 4, 2014 10:09pm Jul 4, 2014 10:09pm
gidday Callum, whe I started the sweet spots I drew in major s/r lines and used the diff to set the sweet spot difference ... eg hi>lo as major sweetspots
Whats That? you're trading What?
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