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As simple as possible: 00 level trading

  • #10,281
  • Jul 14, 2014 1:25pm Jul 14, 2014 1:25pm
Quoting nerka75
WUKAR_WB_Trail_v1_3_2e.mq4 and how all these things are loaded into platform? Not afraid to ask this as I consider myself new to all this
Place them in your Expert Advisors folder then launch and set the parameters if you don't want to use the defaults
  • #10,282
  • Jul 14, 2014 1:26pm Jul 14, 2014 1:26pm
How you can you have a TP at +5 and a TS which activates at +3.5. Surely as soon as price goes +5 the TP is triggered and the trade is closed making the TS useless?
  • #10,283
  • Jul 14, 2014 1:30pm Jul 14, 2014 1:30pm
Quoting andys0506
How you can you have a TP at +5 and a TS which activates at +3.5. Surely as soon as price goes +5 the TP is triggered and the trade is closed making the TS useless?
Not if your price shoots up beyond the TP level e.g goes to 12 then drops back TS should kick in @ 8.5. If it hits 5 then drops, should lock in 1.5 pips. Or that's my understanding of it. I stand to be corrected.
  • #10,284
  • Jul 14, 2014 1:54pm Jul 14, 2014 1:54pm
Quoting Bankpips
Why would anyone trade a 1 hr chart for 5 pips,,,am I missing something here,,and the stop loss is reversed from most profitable traders....the profit should be 10 and the stop loss 5
Looks like you have missed the whole thread
Persistence will get it. Consistency will keep it.
  • #10,285
  • Jul 14, 2014 2:06pm Jul 14, 2014 2:06pm
Quoting Bankpips
Why would anyone trade a 1 hr chart for 5 pips,,,am I missing something here,,and the stop loss is reversed from most profitable traders....the profit should be 10 and the stop loss 5
I have several questions:

1) How many profitable traders do you personally know?
2) Have you backtested this approach and determined that a profit target of 10 and a stop of 5 would be profitable at all? If not, how can you say that is what it "should be"?
3) Two posts in two and a half years, why did you choose to post a comment indicating that you apparently have not read the thread at all? I'm honestly curious how you decided "oh this is the one, I'm going to make a second comment" -
4) It appears by your post that you disagree with the method. Why then did you subscribe to it?

Thanks -
Small disciplines repeated with consistency lead to great achievements.
  • #10,286
  • Jul 14, 2014 2:09pm Jul 14, 2014 2:09pm
Quoting Beachie41
{quote} Place them in your Expert Advisors folder then launch and set the parameters if you don't want to use the defaults
Watched Youtube, seems clear, copied that file into expert directory but when I open MT4 not able to see that EA, so puzzled about all this
  • #10,287
  • Jul 14, 2014 2:28pm Jul 14, 2014 2:28pm
Quoting nerka75
{quote} Watched Youtube, seems clear, copied that file into expert directory but when I open MT4 not able to see that EA, so puzzled about all this
It needs to be compiled in Metaeditor i.e. .ex4 extension I've attached compiled version + latest compiled version
Attached File(s)
File Type: ex4 WUKAR_WB_Trail_v1_3_2e.ex4   28 KB | 316 downloads
Attached File(s)
File Type: ex4 WUKAR_WB_Trail_v1_3_3e.ex4   28 KB | 407 downloads
  • #10,288
  • Jul 14, 2014 2:32pm Jul 14, 2014 2:32pm
Dear UDINE,
I have sent u a PM.
TC
  • #10,289
  • Jul 14, 2014 2:46pm Jul 14, 2014 2:46pm
looks like i wasn't the only one to quit around ny open, i dint see anything i liked so i guess i should be happy with my 1.69%
  • #10,290
  • Jul 14, 2014 3:03pm Jul 14, 2014 3:03pm
Quoting Beachie41
{quote} It needs to be compiled in Metaeditor i.e. .ex4 extension I've attached compiled version + latest compiled version {file}{file}
Ok i have mq.4 so what do i do?
  • #10,291
  • Jul 14, 2014 3:10pm Jul 14, 2014 3:10pm
Quoting nerka75
{quote} Ok i have mq.4 so what do i do?
I've already attached the compiled version for you, Check my above post. If you want to compile it yourself, open your .mq4 file in MetaEditor and hit the compile button. And as in original post of mine, make sure the compiled version is placed in your EA folder.
  • #10,292
  • Jul 14, 2014 3:11pm Jul 14, 2014 3:11pm
Quoting Beachie41
{quote} It needs to be compiled in Metaeditor i.e. .ex4 extension I've attached compiled version + latest compiled version {file}{file}
pls can some one give me details how i will install the EA in my MT4

thanks alot
  • #10,293
  • Jul 14, 2014 3:28pm Jul 14, 2014 3:28pm
Quoting Bankpips
Why would anyone trade a 1 hr chart for 5 pips,,,am I missing something here,,and the stop loss is reversed from most profitable traders....the profit should be 10 and the stop loss 5
yes you are" missing something here".....read page number one and the reference pages quoted....perhaps it will be clear..
  • #10,294
  • Jul 14, 2014 3:47pm Jul 14, 2014 3:47pm
i saw this pic on facebook today and i thought it was relevant to our system.

caption: Forex trading is NOT a get-rich-quick scheme, at least not for the newbies. Remember that becoming consistently profitable requires time, effort, and patience!
Attached Image (click to enlarge)
Click to Enlarge Name: 10342751_10152383048967819_7556217711184674627_n.png Size: 607 KB
  • #10,295
  • Jul 14, 2014 4:09pm Jul 14, 2014 4:09pm
Quoting s3k
{quote} pls can some one give me details how i will install the EA in my MT4 thanks alot
http://forum.mql4.com/60618
  • #10,296
  • Jul 14, 2014 6:50pm Jul 14, 2014 6:50pm
i think my understanding of the ADR rule might have been mistaken
if ADR gets hit for the day does that mean no more trading on the pair?
what if the ADR gets hit and price retraces away e.g. if RmUP was -2 then price retraced and RmUP was +25
does that mean we cannot trade at +25 even though there is space for the price to go back to ADR limit?
  • #10,297
  • Jul 14, 2014 7:02pm Jul 14, 2014 7:02pm
Quoting flash4
i think my understanding of the ADR rule might have been mistaken if ADR gets hit for the day does that mean no more trading on the pair? what if the ADR gets hit and price retraces away e.g. if RmUP was -2 then price retraced and RmUP was +25 does that mean we cannot trade at +25 even though there is space for the price to go back to ADR limit?
You can trade after a retracement, if you typically trade New York you will probably need to some of the time. Obviously it is better to make your pips before the ADR limiter is hit if possible...
  • #10,298
  • Jul 14, 2014 7:03pm Jul 14, 2014 7:03pm
Quoting flash4
i think my understanding of the ADR rule might have been mistaken if ADR gets hit for the day does that mean no more trading on the pair? what if the ADR gets hit and price retraces away e.g. if RmUP was -2 then price retraced and RmUP was +25 does that mean we cannot trade at +25 even though there is space for the price to go back to ADR limit?
I believe you can trade again if it retraces but hopefully someone else will confirm. At that point though, it might be a trend reversal.
  • #10,299
  • Jul 14, 2014 7:17pm Jul 14, 2014 7:17pm
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}
Thank you for sharing the great indicator. I put it on the screen but it is on the left side of the screen . Can you tell me how to make it show on the right side like yours?
  • #10,300
  • Jul 14, 2014 7:19pm Jul 14, 2014 7:19pm
Hello everyone

Thanks Udine for the system.

New to here. Trying to make the platform ready to start.

Need a little help . I can not find the indicator which shows the RGH/RGL on the screen. what is the name of the indicator?
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