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As simple as possible: 00 level trading

  • #8,821
  • Jul 9, 2014 5:12am Jul 9, 2014 5:12am
Quoting fxtrader29ca
{quote} Dude, I am just trying to get use to this system. I am not allowed to ask questions?

You really don't want my respond back to you now..

Power on brother keep asking and don't bother doing the slightest effort on your own.
Passion, Persist, Patience, Protect
  • #8,822
  • Jul 9, 2014 5:13am Jul 9, 2014 5:13am
3 trades today on demo.

EJ +5
GJ +5
GA +5

Total 15 pips - commision = 2,51%

So far i tested this system on web application(so i have to set SL TP manually). I didnt use TS +3,5 pips.

Today i traded on demos on the same broker pararel on web and MT4. Life is not so easy, because EA WB trail 1.3.2 is not working. It is not close on TP nor SL nor move ts. All three opened trades are still open. I check all settings as from link on page 1. Hmmm life is not easy.
  • #8,823
  • Jul 9, 2014 5:14am Jul 9, 2014 5:14am
Quoting Beachie41
Since discovering this thread (thx Udine), I've spent several days getting up to speed with MT. No demo trading as of yet. Anyway, I thought I'd contribute by posting a fix for the Market Panel Clock, where the background hides the text. This saves having to delete the background every time you change charts or TF. {image} {file}

great job !!

Udine
Sleep less, live fast, as it aint gonna last
  • #8,824
  • Jul 9, 2014 5:15am Jul 9, 2014 5:15am
Quoting nitecop
i just solved why there are differences between udine and a few other newer traders.. I pvted those traders and turns out they werent using original WUKAR. if you are using original WUKAR the system closes exactly at 5 pip no ifs or buts. however if you are using the EA Wukar_WB_trail_v1_3_2e made by eric, you should know it accounts for COMMISSIONS in TP and THEN closes the trades for a full 1% gain. i ran a few battery of trades to study and understand and it noticed it closes trade 5.5-5.6 pips due to my commissions with icmarkets. demo status...
IC Markets has a pretty neat free trade terminal also on which you can make an automated close template. Just found out this morning trying to make a template now. If it can be configured to work as WUKAR it would also work only on the trades you assign it too.
  • #8,825
  • Jul 9, 2014 5:16am Jul 9, 2014 5:16am
Quoting jeffmichaels
{quote} IC Markets has a pretty neat free trade terminal also on which you can make an automated close template. Just found out this morning trying to make a template now. If it can be configured to work as WUKAR it would also work only on the trades you assign it too.
do you have a link for this?
  • #8,826
  • Jul 9, 2014 5:16am Jul 9, 2014 5:16am
Quoting iwan73
3 trades today on demo. EJ +5 GJ +5 GA +5 Total 15 pips - commision = 2,51% So far i tested this system on web application(so i have to set SL TP manually). I didnt use TS +3,5 pips. Today i traded on demos on the same broker pararel on web and MT4. Life is not so easy, because EA WB trail 1.3.2 is not working. It is not close on TP nor SL nor move ts. All three opened trades are still open. I check all settings as from link on page 1. Hmmm life is not easy.

who said life is easy, or fair???

Life is a bitch,
then you marry one
then you die...

peace at last

(sorry ladies)

Udine
Sleep less, live fast, as it aint gonna last
  • #8,827
  • Jul 9, 2014 5:18am Jul 9, 2014 5:18am
Quoting nitecop
{quote} oh sorry, I din't see your post; there is no spread amount in the ea, only commission settings for ecn brokers. this was mostly implemented to adjust our breakeven settings.. i dint know it also affected tp/sl
FWIW....i have my trailer working so that I account for commission in my SL/TP and BE. With this system, I try to cover my commissions as much as possible as they represent a good percentage of the target. Only once has the .7 kept me from hitting a TP. I continue to monitor this to see if it prevents me from making bank, or adds to my bottom line. That is all that matters. So far it has added to my bottom line
  • #8,828
  • Jul 9, 2014 5:18am Jul 9, 2014 5:18am
GA out @ BE ....hmmm?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #8,829
  • Jul 9, 2014 5:20am Jul 9, 2014 5:20am
Quoting FXEmpire
{quote} You really don't want my respond back to you now.. Power on brother keep asking and don't bother doing the slightest effort on your own.
Udine look at the response I am getting on your thread. I really love this system and I have read the documents . And here I get accused by FXempire that I am not doing at work at all to figure this out.

Is this how new people get treated here. I am here to learn and to ask questions to help make things clear.
Know your edge and trade within it
  • #8,830
  • Jul 9, 2014 5:22am Jul 9, 2014 5:22am
USDCAD 700 level short in progress.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 45 KB
Know your edge and trade within it
  • #8,831
  • Jul 9, 2014 5:22am Jul 9, 2014 5:22am
Quoting nitecop
{quote} do you have a link for this?
Nitecop,

Check your PM.
  • #8,832
  • Jul 9, 2014 5:24am Jul 9, 2014 5:24am
Quoting fxtrader29ca
USDCAD 700 level short in progress. {image}
USDCAD has a very low ADR and ATR, would avoid it...have you read AND understand the rules on the first page?
  • #8,833
  • Jul 9, 2014 5:26am Jul 9, 2014 5:26am
Quoting yag
{quote} USDCAD has a very low ADR and ATR, would avoid it...have you read AND understand the rules on the first page?
I did read the rules on the front page. It says to check the ADR with no specific levels to guide you. What levels of ADR are we looking for here?
Know your edge and trade within it
  • #8,834
  • Jul 9, 2014 5:27am Jul 9, 2014 5:27am
Quoting fxtrader29ca
{quote} Udine look at the response I am getting on your thread. I really love this system and I have read the documents . And here I get accused by FXempire that I am not doing at work at all to figure this out. Is this how new people get treated here. I am here to learn and to ask questions to help make things clear.

chill buddy, dont play the victim..

the answers to your questions: you could have found easily yourself, by simply reading the information starting from page 1 post 1 and analyzing the charts... not only looking but analyzing !!

Maintaining a thread is a lot of work, and posting a question is quick, but although i have a lot of patience, does not mean the thread and all the info it contains does not have learned and analyzed...

stay calm and stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #8,835
  • Jul 9, 2014 5:28am Jul 9, 2014 5:28am
Quoting fxtrader29ca
{quote} I did read the rules on the front page. It says to check the ADR with no specific levels to guide you. What levels of ADR are we looking for here?
i prefer as high as possible, at least 50.
but to be on the safe side at the beginning i would stay with EJ and GJ only.
  • #8,836
  • Jul 9, 2014 5:30am Jul 9, 2014 5:30am
Quoting yag
{quote} i prefer as high as possible, at least 50. but to be on the safe side at the beginning i would stay with EJ and GJ only.
Awesome Yag! Thank you for your information about ADR. Also thanks for the pair suggestions. Looking at them now!
Know your edge and trade within it
  • #8,837
  • Jul 9, 2014 5:35am Jul 9, 2014 5:35am
I just found what jeff was talking about.. and wow dint know it was a trade manager.. will investigate.
  • #8,838
  • Jul 9, 2014 5:36am Jul 9, 2014 5:36am
Quoting jeffmichaels
{quote} IC Markets has a pretty neat free trade terminal also on which you can make an automated close template. Just found out this morning trying to make a template now. If it can be configured to work as WUKAR it would also work only on the trades you assign it too.
Trying this template now on tiny positions
Attached Image (click to enlarge)
Click to Enlarge Name: Automated Close Template.png Size: 26 KB
  • #8,839
  • Jul 9, 2014 5:43am Jul 9, 2014 5:43am
Quoting fxtrader29ca
{quote} Udine look at the response I am getting on your thread. I really love this system and I have read the documents . And here I get accused by FXempire that I am not doing at work at all to figure this out. Is this how new people get treated here. I am here to learn and to ask questions to help make things clear.

your lucky this ain't my thread.. that's all I am going to say..

let's just put it behind you and focus now and go to work..
be sure that if you ask a rather important and not so elementary question, I would be the first to respond back to you and go above and beyond to help.

happy to have you in the thread bud.. now kick ass..
Passion, Persist, Patience, Protect
  • #8,840
  • Jul 9, 2014 5:44am Jul 9, 2014 5:44am
Quoting fxtrader29ca
{quote} Awesome Yag! Thank you for your information about ADR. Also thanks for the pair suggestions. Looking at them now!
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