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As simple as possible: 00 level trading

  • #10,961
  • Jul 16, 2014 5:26am Jul 16, 2014 5:26am
Quoting iwan73
I have a problem with "PsyLevels Dashboard" and "ADR ATR 20 pairs" indicators. I can not drag them or atache on chart. When i try to drag them nothing happens and thay are not on indis list. I see that thay have gray square (red arrow). The same situation on two MT4 platforms (different brokers). Both are 670 version. {image}
I think you need to compile them into .ex4's
  • #10,962
  • Jul 16, 2014 5:29am Jul 16, 2014 5:29am
130 trades so far from the 6th/june, 30 losses, up 6%. Some 5 losses due to strange trailing problems (maybe check and move manually if necessary).
A little stat at the sideline: every single looser would have been +5 pips without stop loss. No, I don't want to start thAt discussion...but the fact is there as well as there is room for improvements.
  • #10,963
  • Jul 16, 2014 5:30am Jul 16, 2014 5:30am
Hey everyone.
I'm new to this tread (read it) . Very nice strategy but my broker seems to come into play with spreads > than all of yours from what i've seen.
Udine i PM-ed you , if you could reply would be grateful.
Again thx for the tips
  • #10,964
  • Jul 16, 2014 5:30am Jul 16, 2014 5:30am
I think its time to take a break until the NY open. I have already broken my "2 hours trade time from open rule".
See you at 1pm
  • #10,965
  • Jul 16, 2014 5:32am Jul 16, 2014 5:32am
Quoting Go5
130 trades so far from the 6th/june, 30 losses, up 6%. Some 5 losses due to strange trailing problems (maybe check and move manually if necessary). A little stat at the sideline: every single looser would have been +5 pips without stop loss. No, I don't want to start thAt discussion...but the fact is there as well as there is room for improvements.

The obvious question is.......what size could the SL be to improve the win rate vs the losses...??
  • #10,966
  • Jul 16, 2014 5:34am Jul 16, 2014 5:34am
Quoting Beachie41
{quote} I think you need to compile them into .ex4's
Thry are ex4. I downloaded them from this post:
http://www.forexfactory.com/showthre...74#post7603174
  • #10,967
  • Jul 16, 2014 5:45am Jul 16, 2014 5:45am
Quoting iwan73
{quote} Thry are ex4. I downloaded them from this post: http://www.forexfactory.com/showthre...74#post7603174
Not sure why then...sorry. I'm using build 670 and all ok. From what I gather, any indicator symbol in the navigator window with the grey dot means that the accompanying .mq4 file is absent. But it doesn't affect using the indicator.
  • #10,968
  • Jul 16, 2014 5:47am Jul 16, 2014 5:47am
Quoting nitecop
{quote} Thanks Udine, I figured it was part of it, that's why I decided not to go on demo for our usual session. Because in demo I always had confidence even though I treated all other aspects as live, but now i force myself to think it's the same 'demo' account on my live... lol reverse psychology i guess. I'm guessing i will gain confidence in time as I see results in the future, and that's why i gotta stay strong and press on.
I am trading my demo account with great BCC and PDF.

Udine mentioned in an earlier post to "...double your demo account and double it again..." I think most people has missed or forgotten that part.

I can't trade live until that is done .... so I'm hell bent on taking this seriously and get it over and done with so that I can go live.

If I've worked it out correctly with the 2% compounding then the account should double every 7 weeks ... PDF ... So I don't want to screw up and loose weeks. Longer before the real money can be made.

Just my thinking.
Lets WUKAR FIFO!! - Udine
  • #10,969
  • Jul 16, 2014 5:47am Jul 16, 2014 5:47am
I am GJ LONG @174.300.
  • #10,970
  • Jul 16, 2014 5:51am Jul 16, 2014 5:51am
GBPCAD + 4 ( bonus )
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 68 KB
Intraday only.
  • #10,971
  • Jul 16, 2014 5:54am Jul 16, 2014 5:54am
Quoting navk
GBPCAD + 4 ( bonus ) {image}
I don't see a trade on your chart, or am I missing something?
  • #10,972
  • Jul 16, 2014 5:55am Jul 16, 2014 5:55am
JUST IMO ... u can double ,triple ur demo as often as u like ..means JS ... TRADE in real account for the smallest position you can ,...THINK /DO 10% of ur margin ,,, EG ,, if your margin on something =$10 , then set ur PROFIT target at 10% =$1 ... 10% 0n money invested is pretty good earnings IMO ... BE happy with $1 profit .... just do $1 profit for "x" times ... its all about being comfortable with "trading " IMO PS dont worry about all the big "compunding " stuff.... DO 1 DEAL ... first ... "step over the puddles before you try to jump the creek " ok cheers Q
Whats That? you're trading What?
  • #10,973
  • Jul 16, 2014 5:55am Jul 16, 2014 5:55am
Quoting Carpathian
I am GJ LONG @174.300.
Isnīt that awfully close to the Daily Open level (mine is 174.270) ?

I was just updating my trade log and found that 90% of my losing trades, although "by the rules", were opened too close to the D.O.
Made a mental note that from now on, I will not take these anymore, unless the distance between DO and Pending Order is minimum 9-9.5 pips...
  • #10,974
  • Jul 16, 2014 5:57am Jul 16, 2014 5:57am
pending short GU
  • #10,975
  • Jul 16, 2014 5:58am Jul 16, 2014 5:58am
Quoting Qed
JUST IMO ... u can double ,triple ur demo as often as u like ..means JS ... TRADE in real account for the smallest position you can ,...THINK /DO 10% of ur margin ,,, EG ,, if your margin on something =$10 , then set ur PROFIT target at 10% =$1 ... 10% 0n money invested is pretty good earnings IMO ... BE happy with $1 profit .... just do $1 profit for "x" times ... its all about being comfortable with "trading " IMO PS dont worry about all the big "compunding " stuff.... DO 1 DEAL ... first ... "step over the puddles before you try to jump the creek...
Each to his own. But you miss the point. It is about the INTENTION.
Lets WUKAR FIFO!! - Udine
  • #10,976
  • Jul 16, 2014 5:58am Jul 16, 2014 5:58am
Quoting Carpathian
{quote} I don't see a trade on your chart, or am I missing something?
Asia, I did 2, all plus.
Intraday only.
  • #10,977
  • Jul 16, 2014 6:00am Jul 16, 2014 6:00am
the path to hell is paved with "good intentions"
Whats That? you're trading What?
  • #10,978
  • Jul 16, 2014 6:00am Jul 16, 2014 6:00am
Quoting Carpathian
I am GJ LONG @174.300.

why??

Udine
Sleep less, live fast, as it aint gonna last
  • #10,979
  • Jul 16, 2014 6:06am Jul 16, 2014 6:06am
Looks like EJ is reversing, and maybe GJ will finally uptrend.. I put a pending BUY @.400 with half lot size.. Let's see.
No other trades this hour, GU is flat and EU is near to the RgL.

Lrt
"Every battle is won before it's fought."
  • #10,980
  • Jul 16, 2014 6:07am Jul 16, 2014 6:07am
Quoting Qed
the path to hell is paved with "good intentions"
No one said anything about "good". But then opinions are like @ss-holes .... everyone has one . Enough said.
Lets WUKAR FIFO!! - Udine
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