As simple as possible: 00 level trading | Page 451 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

As simple as possible: RENKO M5 trading 75 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple Level Trading 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #9,001
  • Jul 9, 2014 10:31am Jul 9, 2014 10:31am
Anything miss out for this trade? Hitting SL

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
  • #9,002
  • Jul 9, 2014 10:35am Jul 9, 2014 10:35am
Quoting Jerkmiew
Anything miss out for this trade? Hitting SL {image}
Its a little late in the session is the only comment I would make. I typically look for the first 3 hours of the NY/London overlap, and then done.
Small disciplines repeated with consistency lead to great achievements.
  • #9,003
  • Jul 9, 2014 10:40am Jul 9, 2014 10:40am
Quoting Jerkmiew
Anything miss out for this trade? Hitting SL {image}
nope was according to the rules..

but my friend you need to adjust your setting (market panel display controller indicator) as that candle was not the NY open

Udine
Sleep less, live fast, as it aint gonna last
  • #9,004
  • Jul 9, 2014 11:16am Jul 9, 2014 11:16am
Quoting Udine
{quote} nope was according to the rules.. but my friend you need to adjust your setting (market panel display controller indicator) as that candle was not the NY open Udine
Anyone uses Oanda MT4?

I can't get the settings for the Market Display panel right. The vertical line keeps getting out of whack, but the timing panel seems to be correct..
  • #9,005
  • Jul 9, 2014 11:23am Jul 9, 2014 11:23am
Udine... here comes Mesiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii..

I heard Robben had a nightmare last night..
Passion, Persist, Patience, Protect
  • #9,006
  • Jul 9, 2014 11:31am Jul 9, 2014 11:31am
Quoting FXEmpire
Udine... here comes Mesiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiii.. I heard Robben had a nightmare last night..


ok guys I am out of here..

Udine
Sleep less, live fast, as it aint gonna last
  • #9,007
  • Jul 9, 2014 11:56am Jul 9, 2014 11:56am
Ok, some stats after 115 trades since the 6th of june:
76 wins (66% WR) - still too low. Of all loosers "only" 6 were not exactly according the rules.
14 loosers have been traded during FF or Lo/Ny 3rd or later hour - BUT the same "bad" trading hours also gave 27 winners...
A hypothetical setting of 3 pips in the wheelbarrel would have led to 21 more partial winners or BE - this would of course also have led to less full TP within the rest of the winners. Complicated matter.

After some extra 400 or more trades maybe we can get better insight but one thing is clear: the BE, TP and TS settings are crucial and have to be razorsharp, possibly adjusted to each pair and adr (and not necessarily to the commission).

But, Udine has of course done all this already so we'll see what the future brings!
  • #9,008
  • Jul 9, 2014 12:03pm Jul 9, 2014 12:03pm
Quoting gyfu
{quote} Anyone uses Oanda MT4? I can't get the settings for the Market Display panel right. The vertical line keeps getting out of whack, but the timing panel seems to be correct..
Big spread on Oanda...could be very difficult to trade this method according to 5 pip take profit, 10 pip stop. You really need an ECN broker. Many have tried with the standard spreads only to eventually switch...keep reading this thread and you will find many examples...
  • #9,009
  • Jul 9, 2014 12:15pm Jul 9, 2014 12:15pm
today was my first day trading with this system. the performance is awesome, i'm really impressed. THANKS UDINE, very well designed!!

i put my orders at the stone and go to bed. when i woke up, a little surprise out of plans, but still i got lucky and take more points that i should. i'll explain:

EA short @ 1.45300 (2h london opening). The market went down to 1.45250 (as I pointed on the chart), but don't know why wukar didn't close the trade. So, market goes down to 1.45100 and then up to 1.45500 (i was in bed kkkk). Sooo, market came down again and the system closed the trade @ 1.45176. Big profit, but I didn't understand why... all the other trades I did both wukar and wheelbarrel worked perfectly.

(could by my wukar settings? they are: SL = 10 pips, TP1 = 5 pips, TP2 = 20 pips) I saw Udine saying TP2 wasn't working, so I didn't even changed it. Could be this?

tkz for the help! green pips all!

(and I'm trying to forget yesterday's brazil match. what was that? besides everything else, i'm shy of my country because of the soccer also now > congrats germany!!! at least i'm german descendant kkkkkk today's match should be better!!!)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 32 KB
  • #9,010
  • Jul 9, 2014 1:09pm Jul 9, 2014 1:09pm
Quoting Go5
Ok, some stats after 115 trades since the 6th of june: 76 wins (66% WR) - still too low. Of all loosers "only" 6 were not exactly according the rules. 14 loosers have been traded during FF or Lo/Ny 3rd or later hour - BUT the same "bad" trading hours also gave 27 winners... A hypothetical setting of 3 pips in the wheelbarrel would have led to 21 more partial winners or BE - this would of course also have led to less full TP within the rest of the winners. Complicated matter. After some extra 400 or more trades maybe we can get better insight...
Thanks for the stats Go. What would be the winrate if you had stopped at a net 2 wins on any given day?
  • #9,011
  • Jul 9, 2014 1:25pm Jul 9, 2014 1:25pm
Quoting gyfu
{quote} Anyone uses Oanda MT4? I can't get the settings for the Market Display panel right. The vertical line keeps getting out of whack, but the timing panel seems to be correct..
I also can't get it right in Oanda MT4. I got the static information display for GBP/JPY in all currency windows. I downloaded the indicators two times, started data load from Day -Hour -15 min before loading the template, still doesn't work. Although, I don't want to use EAs. I just wanted to have the informaion from the indicators only.
  • #9,012
  • Jul 9, 2014 1:45pm Jul 9, 2014 1:45pm
Quoting Go5
Ok, some stats after 115 trades since the 6th of june: 76 wins (66% WR) - still too low. Of all loosers "only" 6 were not exactly according the rules. 14 loosers have been traded during FF or Lo/Ny 3rd or later hour - BUT the same "bad" trading hours also gave 27 winners... A hypothetical setting of 3 pips in the wheelbarrel would have led to 21 more partial winners or BE - this would of course also have led to less full TP within the rest of the winners. Complicated matter.http://assets.forexfactory.net/image...im/whew%21.gif After some extra 400 or more trades maybe we can get better insight...

Quoting fx_malloc
{quote} Thanks for the stats Go. What would be the winrate if you had stopped at a net 2 wins on any given day?
Almost the same, would have saved 2 losses. At this moment, I am taking "bonus trades" at half lot size.
  • #9,013
  • Jul 9, 2014 1:48pm Jul 9, 2014 1:48pm
Lionel Messi

Going to win win win win win win win
Never say no to PIPS
  • #9,014
  • Jul 9, 2014 1:53pm Jul 9, 2014 1:53pm
Quoting lazyegg
Lionel Messi Going to win win win win win win win
i'm betting on holland

argentina just got messi (just him kkkkkkkkkkk), but they're without di maria, who was important to the team

let see good match all!
  • #9,015
  • Jul 9, 2014 1:56pm Jul 9, 2014 1:56pm
Quoting gustcoelho
{quote} i'm betting on holland argentina just got messi (just him kkkkkkkkkkk), but they're without di maria, who was important to the team let see good match all!

nothing against you

Messi is my hero
Never say no to PIPS
  • #9,016
  • Jul 9, 2014 1:57pm Jul 9, 2014 1:57pm
Quoting lazyegg
{quote} nothing against you Messi is my hero
heheh just kidding!

think messi is a hero to everyone
  • #9,017
  • Jul 9, 2014 2:02pm Jul 9, 2014 2:02pm
Quoting Go5
Quoting Go5 Ok, some stats after 115 trades since the 6th of june: 76 wins (66% WR) - still too low. Of all loosers "only" 6 were not exactly according the rules. 14 loosers have been traded during FF or Lo/Ny 3rd or later hour - BUT the same "bad" trading hours also gave 27 winners... A hypothetical setting of 3 pips in the wheelbarrel would have led to 21 more partial winners or BE - this would of course also have led to less full TP within the rest of the winners. Complicated...
have you thought about using some filtering to take the bonus ones?
  • #9,018
  • Jul 9, 2014 2:07pm Jul 9, 2014 2:07pm
Quoting nitecop
{quote} do all of you use wukar or another ea? i ask because i was trying eric's modified ea
I don't, i just used the setting from MT4 ,Wukar and Wheel one never work for me
Never say no to PIPS
  • #9,019
  • Jul 9, 2014 2:07pm Jul 9, 2014 2:07pm
Quoting nitecop
{quote} did you just take that again?
if you want to take it again, wait for next hour
Never say no to PIPS
  • #9,020
  • Jul 9, 2014 2:22pm Jul 9, 2014 2:22pm
Quoting Go5 Ok, some stats after 115 trades since the 6th of june: 76 wins (66% WR) - still too low. Of all loosers "only" 6 were not exactly according the rules. 14 loosers have been traded during FF or Lo/Ny 3rd or later hour - BUT the same "bad" trading hours also gave 27 winners... A hypothetical setting of 3 pips in the wheelbarrel would have led to 21 more partial winners or BE - this would of course also have led to less full TP within the rest of the winners. Complicated...

Quoting gustcoelho
{quote} have you thought about using some filtering to take the bonus ones?
Apart from throwing in some "common sense" and grossly eyeballing some obvious S/R - no.
13 traders viewing now