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As simple as possible: 00 level trading

  • #8,841
  • Jul 9, 2014 5:49am Jul 9, 2014 5:49am
Quoting yag
{quote}
Passion, Persist, Patience, Protect
  • #8,842
  • Jul 9, 2014 5:50am Jul 9, 2014 5:50am
Quoting nitecop
I just found what jeff was talking about.. and wow dint know it was a trade manager.. will investigate.
it's pretty neat huh, but you need an unupdated MT4. Before 600 I think
  • #8,843
  • Jul 9, 2014 5:52am Jul 9, 2014 5:52am
Not feeling well today, much headache. So I'm happy for this one. Congrats to all who had a green day!

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #8,844
  • Jul 9, 2014 5:58am Jul 9, 2014 5:58am
Quoting JibalaPasan
Not feeling well today, much headache. So I'm happy for this one. Congrats to all who had a green day! {image} Jibala

not feeling good = not trading !!

Udine
Sleep less, live fast, as it aint gonna last
  • #8,845
  • Jul 9, 2014 6:06am Jul 9, 2014 6:06am
Quoting Udine
{quote} not feeling good = not trading !! Udine
Maybe I should pin this as an additional rule on my screen!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #8,846
  • Jul 9, 2014 6:10am Jul 9, 2014 6:10am
Quoting JibalaPasan
{quote} Maybe I should pin this as an additional rule on my screen! Jibala

not feeling good = less concentration & less focus...

better safe than sorry: why risk your money when your not feeling 110 %..

Udine
Sleep less, live fast, as it aint gonna last
  • #8,847
  • Jul 9, 2014 6:16am Jul 9, 2014 6:16am
2nd loss for today EA-10. Need to Re Assess the Things i am doing wrong but for now no more trading.
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  • #8,848
  • Jul 9, 2014 6:21am Jul 9, 2014 6:21am
JUST my opinion......... all you people doing "demo" accounts ... dont waste your time for too long ... find a broker who does "micro ' lots eg .01 on curriencies ... NOTHING works like REAL trading ... discipline ... discipline .... if you trade in real and LOSE then go to demo for a while trade with the same amount that you put in real account and WORK on being profitable ... been there done that ... cheers Q
Whats That? you're trading What?
  • #8,849
  • Jul 9, 2014 6:22am Jul 9, 2014 6:22am
ECAD TH....+5.7
  • #8,850
  • Jul 9, 2014 6:22am Jul 9, 2014 6:22am
Quoting Udine
{quote} not feeling good = not trading !! Udine

Don't underestimate women's power .. they are not wienies like me and you bud,
Passion, Persist, Patience, Protect
  • #8,851
  • Jul 9, 2014 6:23am Jul 9, 2014 6:23am
Ive come to the conclusion that while there many new things i'd like to try I'm going to stick to Udine's original Ea's and methods when my account goes live (still waiting on ICM) because it is reliable and tried & tested. Coming from a math perspective, I really dislike messing with the TP settings as the tiniest increments can really upset a wonderful system. I'm guessing Udine makes more than 2 trades a day to make up for the percentage lost in commissions and to me more higher probability trades are better in scalping system.

If there's a place for improvement that I'd like to explore I think it would be the speed of EA's execution rather or compare speed of hard tp/sl.
  • #8,852
  • Jul 9, 2014 6:23am Jul 9, 2014 6:23am
FWIW....a good currency strength meter on 5,15, 60 mins can help choose pairs to trade....just my .02
  • #8,853
  • Jul 9, 2014 6:24am Jul 9, 2014 6:24am
Quoting FXEmpire
{quote} Don't underestimate women's power .. they are not wienies like me and you bud,


have you been speaking with my wife???

Udine
Sleep less, live fast, as it aint gonna last
  • #8,854
  • Jul 9, 2014 6:28am Jul 9, 2014 6:28am
Quoting nitecop
Ive come to the conclusion that while there many new things i'd like to try I'm going to stick to Udine's original Ea's and methods when my account goes live (still waiting on ICM) because it is reliable and tried & tested. Coming from a math perspective, I really dislike messing with the TP settings as the tiniest increments can really upset a wonderful system. I'm guessing Udine makes more than 2 trades a day to make up for the percentage lost in commissions and to me more higher probability trades are better in scalping system. If there's a place...
Fair enough....but at 7.00 per round trip (.7 pips) on a 5 pip target that is 14% commission on winning trades. to each their own, I mean you have to pay them regardless...I like to recoup that as much as possible.
  • #8,855
  • Jul 9, 2014 6:35am Jul 9, 2014 6:35am
Quoting panamamike
{quote} Fair enough....but at 7.00 per round trip (.7 pips) on a 5 pip target that is 14% commission on winning trades. to each their own, I mean you have to pay them regardless...I like to recoup that as much as possible.
The only way you can get around that is choice of broker or a trading system that uses reduced lot size and far larger TP levels.

In other words a completely different trading plan all together.

Therefore by applying this system you need to choose the former very wisely.

Masterrmind..........
Master your Mind then Master your Trades
  • #8,856
  • Jul 9, 2014 6:36am Jul 9, 2014 6:36am
Quoting panamamike
{quote} Fair enough....but at 7.00 per round trip (.7 pips) on a 5 pip target that is 14% commission on winning trades. to each their own, I mean you have to pay them regardless...I like to recoup that as much as possible.

Doesn't mean I won't explore them with an open mind ofcourse! But from what I've tested and seen only Udine's method had got me profitable.. will need a lot more demo time with other EA's

eric's WUKAR_WB_Trail does add commissions into the mix i believe. it was why it took .5 extra pips to the tp setting of 5 pips. my commission setting was 5.5 per roundturn
  • #8,857
  • Jul 9, 2014 6:40am Jul 9, 2014 6:40am
Quoting Masterrmind
{quote} The only way you can get around that is choice of broker or a trading system that uses reduced lot size and far larger TP levels. In other words a completely different trading plan all together. Therefore by applying this system you need to choose the former very wisely. Masterrmind..........

I have to agree with this, i did run many algos on dukascopy before i came here and changing settings from 5 pips to 6 pips would have put me in the red! things like that are very sensitive and then there's also the issue of speed and liquidity ( specific to scalpers and hft bots).. its complex to explain lol
  • #8,858
  • Jul 9, 2014 6:42am Jul 9, 2014 6:42am
just another thought ......... why use Ea,s ... do the hard yards , use your brains etc etc ... think of the entertainment value...
Whats That? you're trading What?
  • #8,859
  • Jul 9, 2014 6:45am Jul 9, 2014 6:45am
Quoting Udine
{quote} have you been speaking with my wife??? Udine
no but familiar since got one on my own.. lol
Passion, Persist, Patience, Protect
  • #8,860
  • Jul 9, 2014 6:46am Jul 9, 2014 6:46am
Quoting Qed
just another thought ......... why use Ea,s ... do the hard yards , use your brains etc etc ... think of the entertainment value...

it's an execution thing, computer will always adjust/close faster.
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