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As simple as possible: 00 level trading

  • #8,141
  • Jul 7, 2014 9:09am Jul 7, 2014 9:09am
Quoting driven18
{quote} You got it......and now we all prey!

no we dont !!!

PDF & BCC !!!

praying is for in church, not for forex !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #8,142
  • Jul 7, 2014 9:09am Jul 7, 2014 9:09am
Quoting JibalaPasan
Yes yes yes! #2 Bonus trade, this time EU. It was absolutely not in sync with EJ thats why it took that much long. OMG but finally I got it! {image} Result for today: +5 NZDUSD +5 GBPAUD +5 GBPJPY +5 EURUSD OMG, Im so much happy. Time for bed na. Jibala
did you shot EU on 1.36 to 1.36050? this doesnt brake the rule of >10 RN ?
  • #8,143
  • Jul 7, 2014 9:12am Jul 7, 2014 9:12am
Quoting Udine
{quote} no we dont !!! PDF & BCC !!! praying is for in church, not for forex !!! Udine
Of course...but deep down you know what I mean, tovarisch...
  • #8,144
  • Jul 7, 2014 9:13am Jul 7, 2014 9:13am
Quoting gustcoelho
{quote} did you shot EU on 1.36 to 1.36050? this doesnt brake the rule of >10 RN ?

no..

has been addressed several times in the thread..

Udine
Sleep less, live fast, as it aint gonna last
  • #8,145
  • Jul 7, 2014 9:14am Jul 7, 2014 9:14am
Quoting Udine
{quote} no we dont !!! PDF & BCC !!! praying is for in church, not for forex !!! Udine
With all due respect, I agree with Driven18.

Tomorrow, everybody will prey in Forex.
  • #8,146
  • Jul 7, 2014 9:19am Jul 7, 2014 9:19am
Quoting flx69
{quote} With all due respect, I agree with Driven18. Tomorrow, everybody will prey in Forex.

in that case I agree: PREY = ok

PRAY = not ok

Udine
Sleep less, live fast, as it aint gonna last
  • #8,147
  • Jul 7, 2014 9:20am Jul 7, 2014 9:20am
Quoting Udine
{quote} no we dont !!! PDF & BCC !!! praying is for in church, not for forex !!! Udine
Well said my friend
Give yourself a chance and trade it like it's layed out...
  • #8,148
  • Jul 7, 2014 9:34am Jul 7, 2014 9:34am
later guys

Udine
Sleep less, live fast, as it aint gonna last
  • #8,149
  • Jul 7, 2014 9:35am Jul 7, 2014 9:35am
Quoting jmflukeiii
{quote} Deja vu as in another chart with no trade on it? What are you showing us with this chart?
Oh poo, jmflukeiii, you bellyached about charts with no trades on it before. I posted trades, but you still bellyache. The chart is annotated. Click on it to read.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,150
  • Jul 7, 2014 9:39am Jul 7, 2014 9:39am
Quoting TooSlow
{quote} Oh poo, jmflukeiii, you bellyached about charts with no trades on it before. I posted trades, but you still bellyache. The chart is annotated. Click on it to read.

sorry bud, that is text added to a chart, not a trade

cheers

Udine

PS. now I am really gone
Sleep less, live fast, as it aint gonna last
  • #8,151
  • Jul 7, 2014 9:42am Jul 7, 2014 9:42am
Quoting Udine
{quote} sorry bud, that is text added to a chart, not a trade cheers Udine PS. now I am really gone
Udine, the text explains what the chart is showing. Yes, no trades are shown on the chart.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #8,152
  • Jul 7, 2014 9:45am Jul 7, 2014 9:45am
I too made my profit last night, EJ and GJ, after I went to sleep. In my backtest I focused only on first 2 hours of London and had results of 20 - 25% in last 4 weeks. Maybe not as good as some others, but if I can make that consistently, I will be happier than ever before. Maybe when that happens I might WANT to get up early for NY!

I feel like maybe I am finally starting to understand the finer points of when NOT to trade.
  • #8,153
  • Jul 7, 2014 9:47am Jul 7, 2014 9:47am
Quoting fxokieusa
{quote} Yes I did. SL'd on GJ though. I am a total noob trader so enjoying thread and trying to take it all in. question: haven't seen anyone post any general rules for Asian session. I live in central US and am mom of kids so trading London every night here will be tough for me..Asian and NY best for my life
Yes I would like to trade Asia too but that is more difficult at first. Even when I do trade there, I usually only take the first hour and if I have an open trade after 1 hour, it seems best just to close it. NY is better but wilder than London usually.
  • #8,154
  • Jul 7, 2014 9:49am Jul 7, 2014 9:49am
Quoting nitecop
{quote} what i mean is, if you followed your rules wouldn't you get 10% max anyways? unless you placed bonus trades! Lol also how do you account for the commisions? because i only earn .88% per trade according to i-profit
That really is a personal trading choice. That's why I added the commission option to the combined EA because it really was eating into my profits, which means it is no different than someone trading a higher spread with no commission. Sometimes I get a TS instead of TP if price doesn't move far enough.
  • #8,155
  • Jul 7, 2014 9:51am Jul 7, 2014 9:51am
Quoting ericjschroed
I too made my profit last night, EJ and GJ, after I went to sleep. In my backtest I focused only on first 2 hours of London and had results of 20 - 25% in last 4 weeks. Maybe not as good as some others, but if I can make that consistently, I will be happier than ever before. Maybe when that happens I might WANT to get up early for NY! I feel like maybe I am finally starting to understand the finer points of when NOT to trade.


very interesting its strategic
I have used that option and within two hours after opening to London is always the best volatility and better opportunities
in my case I have to get up early at 2am my local time
but I think it's a very good strategy
be possible to know the results?
  • #8,156
  • Jul 7, 2014 10:21am Jul 7, 2014 10:21am
Quoting flx69
{quote} Interesting Udine. EJ was indeed totally out of sync with EU. Having said that: I thought you had EJ and GJ side by side on the one hand and EU and GU side by side on the other. Never occurred to me taking the two E pairs and look for sync. Makes sense though, with hourly correlation of 77-ish between them. Well, 15 pips up and something interesting learnt, makes an excellent start of the week. See you guys tomorrow for new forex adventures !
When I have to pairs with a common numerator or denominator side by side, I usually open a chart for the 3rd link.

i.e. for E/U and G/U, I'd open an E/G chart to complete the currenty triangle. Any discrepancies between EU/ GU will be clearly shown on the EG chart. I find that this helps me figure out where the unballance is coming from. Sometimes there is a reason they are getting out of ballance.

for E/J and E/U I'd also be looking at U/J.
  • #8,157
  • Jul 7, 2014 10:50am Jul 7, 2014 10:50am
Quoting Juan007
{quote} very interesting its strategic I have used that option and within two hours after opening to London is always the best volatility and better opportunities in my case I have to get up early at 2am my local time but I think it's a very good strategy be possible to know the results?
Ok, this is what I used: EJ, GJ, EU, GU from June 6 to July 4. First column is all trades, all pairs. 2nd column is all pairs but stopping after 2 wins. 3rd column is only trading EJ and GJ unless news, then EU or GU, stopping after 2 wins. There were also 3 more wins and 4 losses for me trading the 000 level so I removed that and will not trade it right now. I'm guessing the TS averages about 1 pip so 0.2%. I think some of the TS would be TP if I did not include commission, or had a lower spread. Yes, I did check for all red news. Why is the 2nd column better than the 3rd? There are simply more trades taken at the same Win%.

Inserted Code
Win%      0.77  0.83  0.81
Win   1    47     40     30
Loss  2    14      8      7
TS    0.2  14     10     10
Trades     75     58     47
 
           47      40     30
          -28     -16    -14
           2.8      2      2
Profit%   21.8     26     18
  • #8,158
  • Jul 7, 2014 1:15pm Jul 7, 2014 1:15pm
Quoting ericjschroed
{quote} Ok, this is what I used: EJ, GJ, EU, GU from June 6 to July 4. First column is all trades, all pairs. 2nd column is all pairs but stopping after 2 wins. 3rd column is only trading EJ and GJ unless news, then EU or GU, stopping after 2 wins. There were also 3 more wins and 4 losses for me trading the 000 level so I removed that and will not trade it right now. I'm guessing the TS averages about 1 pip so 0.2%. I think some of the TS would be TP if I did not include commission, or had a lower spread. Yes, I did check for all red news. Why is...
thanks for doing the test and sharing the results. I'd be interested to see the results of Ea and GA over the same period, due to their larger daily range and the prevailing lower volatility throughout forex.
  • #8,159
  • Jul 7, 2014 1:45pm Jul 7, 2014 1:45pm
Nice results Eric, thanks for sharing.
Persistence will get it. Consistency will keep it.
  • #8,160
  • Jul 7, 2014 1:59pm Jul 7, 2014 1:59pm
Quoting Juan007
the indicator give us the option to see al pairs on green or red D1 and H1 so we only need check the indicator and go only to a green pair {file} {image}
I try to download the dasboard but for me it's impossible to activate it.
Does exist the same indicator but with the extension .mq4?
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