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As simple as possible: 00 level trading

  • #9,981
  • Jul 13, 2014 6:09pm Jul 13, 2014 6:09pm
Quoting Traffex
{image}
congrats germany!

nice job done!!
  • #9,982
  • Jul 13, 2014 7:04pm Jul 13, 2014 7:04pm
Hello Udine, Masterrmind, and everyone else!

Am here now. I have read all the pages over the weekend and am ready to get my feet "wet" demo testing Udine's ASAP (As Simple As Possible) system.

While am an EA aficionado, I've ALWAYS wanted to learn to trade manually...who knows, maybe this is it for me eh?

Well, we see.

Regards,

Ty
My job: I speculate and manage risk.
  • #9,983
  • Jul 13, 2014 7:17pm Jul 13, 2014 7:17pm
first trade of the week

GA short @ 1.82400 > TP +5 pips

  • #9,984
  • Jul 13, 2014 7:21pm Jul 13, 2014 7:21pm
When a TP hit, if there is another opportunity comes, should have taken it too.

This is a lesson learned this morning. Per my system, EA hit TPat 10pips, it revert then, should take it immediately. But too relax to take it.

The first hour after session open is golden window for me, should pay attention always in the window.

Cheers!
Outcome is not important at all, but correct technique is what only matters
  • #9,985
  • Jul 13, 2014 7:32pm Jul 13, 2014 7:32pm
While i made a mistake to follow my rule, i wrote it down.

Here are the rules i violated one time at least:

"
Move the TP, violate the rule
Only pending order.
2minutes before session open, violate rule of 1 minute.
"

I am glad i have not made these mistakes for a while. Cheers!
Outcome is not important at all, but correct technique is what only matters
  • #9,986
  • Jul 13, 2014 7:37pm Jul 13, 2014 7:37pm
Another week and a new champion team

CONGRATULATIONS GERMANY - YOU ARE THE BEST!

Masterrmind...........
Master your Mind then Master your Trades
  • #9,987
  • Jul 13, 2014 7:44pm Jul 13, 2014 7:44pm
GJ out TS. Should have been watching AUD pairs.
  • #9,988
  • Jul 13, 2014 8:03pm Jul 13, 2014 8:03pm
Hi,

I´ve tried everything to get my charts fixed, taking all the indicator away, putting them again and I can`t get fixed it.

Can someone tell me where I can go to find the template with all the indicators needed to trade Udine`s strategy

Thanks
  • #9,989
  • Jul 13, 2014 8:17pm Jul 13, 2014 8:17pm
Quoting ronichimo
Hi, I´ve tried everything to get my charts fixed, taking all the indicator away, putting them again and I can`t get fixed it. Can someone tell me where I can go to find the template with all the indicators needed to trade Udine`s strategy Thanks
Ronichimo,

Its there in the fourth post. Copy everything and open the chart and switch to day chart, then apply the template "00 level trading" . After applying the template switch to which ever time frame you like. It worked for me.

Thanks
Bj
  • #9,990
  • Jul 13, 2014 8:29pm Jul 13, 2014 8:29pm
Quoting Juan007
ej+5 gj+5 gu+5 eu+5 +20 pips +3.67%
Hello Juan007. I have obtained xux99's EA but please could I ask you for two things?

#1. Can I have the set file you use? I just need to compare with what I have come up with here.
#2. Mithen has "trading is disabled" written across the screen and I KNOW I've done all that is recommended...is this normal or should I be worried?

Thanks for your time.

Regards,

Ty
My job: I speculate and manage risk.
  • #9,991
  • Jul 13, 2014 9:03pm Jul 13, 2014 9:03pm
Quoting TyLamai
{quote} Hello Juan007. I have obtained xux99's EA but please could I ask you for two things? #1. Can I have the set file you use? I just need to compare with what I have come up with here. #2. Mithen has "trading is disabled" written across the screen and I KNOW I've done all that is recommended...is this normal or should I be worried? Thanks for your time. Regards, Ty
TyLamai,

I also downloaded xux99's EA "Mithen", and I'm just starting to understand it better.

As far as I understood, and answering your question #2, this message "trading is disable" is shown when you are out of the hours you've set for the EA to trade OR if there are news to come (depends if you have news filter enable, which is default).

For my little experience with this EA, I think this news filter isn't working as it should, so I disable it and will check the news manually and then let the EA trade or not.

BUT, I made such configs and the EA starts trading the tokyo 1st hour enable and didn't take any trades or put any stop orders... and the setups of Udine's rules were there.

Someone could help?
  • #9,992
  • Jul 13, 2014 9:08pm Jul 13, 2014 9:08pm
Quoting gustcoelho
{quote} TyLamai, I also downloaded xux99's EA "Mithen", and I'm just starting to understand it better. As far as I understood, and answering your question #2, this message "trading is disable" is shown when you are out of the hours you've set for the EA to trade OR if there are news to come (depends if you have news filter enable, which is default). For my little experience with this EA, I think this news filter isn't working as it should, so I disable it and will check the news manually and then let the EA trade or not. BUT, I made such configs...

Guys please no discussions here about the Mithen EA, send a PM to the originator of the EA and try to keep the discussion out of the thread...

Trading manually for the daily target of 2 5 pip winners: no EA needed...

Udine
Sleep less, live fast, as it aint gonna last
  • #9,993
  • Jul 13, 2014 9:15pm Jul 13, 2014 9:15pm
Quoting Udine
{quote} Guys please no discussions here about the Mithen EA, send a PM to the originator of the EA and try to keep the discussion out of the thread... Trading manually for the daily target of 2 5 pip winners: no EA needed... Udine
  • #9,994
  • Jul 13, 2014 9:35pm Jul 13, 2014 9:35pm
Quoting Udine
{quote} Guys please no discussions here about the Mithen EA, send a PM to the originator of the EA and try to keep the discussion out of the thread... Trading manually for the daily target of 2 5 pip winners: no EA needed... Udine
Totally agree with that Udine.

Learning the system manually is by far the best option.

Masterrmind...........
Master your Mind then Master your Trades
  • #9,995
  • Edited 10:27pm Jul 13, 2014 9:36pm | Edited 10:27pm
10 000 th post


Humans can offer the market sense factor that makes for better trading in my opinion......

As Udine says it certainly is not required for this system........

Masterrmind.........
Master your Mind then Master your Trades
  • #9,996
  • Jul 13, 2014 9:52pm Jul 13, 2014 9:52pm
Quoting ericjschroed
{quote} Sorry, I wrote that on the weekend and just fixed the RmUp/RmDn problem. Please redownload this one (I can't delete the other). {file}
Thank you Eric! Please explain the time factor again. I am in EST. Sydney opens at 5PM my time, which is when I want to start the ADR calculations. My broker starts a new day at Midnight EST.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #9,997
  • Jul 13, 2014 10:03pm Jul 13, 2014 10:03pm
Quoting navk
{quote} Udin prefers manual trading with the system he has put in here.
ty
Let us be green
  • #9,998
  • Jul 13, 2014 10:12pm Jul 13, 2014 10:12pm
Hi Udine,

max. how much trade you suggest?
I understand 10 pips is our target but just curious.
  • #9,999
  • Jul 13, 2014 10:32pm Jul 13, 2014 10:32pm
Quoting umpats
Hi Udine, max. how much trade you suggest? I understand 10 pips is our target but just curious.
It's 5 pips per trade. If you'd refer back to the 1st post of this thread you'd see it's 2 trades @ 5 pips per day. Max of 1 trade per pair each hour ( if in agreement with the entry rules) until either 4 losses in a row or the total 10 pip target is met. That's the basis of the system, any other trades taken are discretionary and depend on traders market experience, but don't form the core part of Undine's original post.
  • #10,000
  • Jul 13, 2014 10:38pm Jul 13, 2014 10:38pm
Quoting capstone
{quote} Thank you Eric! Please explain the time factor again. I am in EST. Sydney opens at 5PM my time, which is when I want to start the ADR calculations. My broker starts a new day at Midnight EST.
What is the hour on the chart at 5PM? Use that.
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