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As simple as possible: 00 level trading

  • #11,161
  • Jul 16, 2014 11:59pm Jul 16, 2014 11:59pm
Quoting flash4
MM does this system add much to your skill set? am curious to know if its the system thats landing these trades for you or your read on market very impressive!
Combination actually.

Just remember that it's only 5 little pips that we chase and when trend is on your side it all seems too easy.

Get the direction wrong and it's a different story.

Masterrmind............
Master your Mind then Master your Trades
  • #11,162
  • Jul 17, 2014 12:27am Jul 17, 2014 12:27am
Unfortunately I missed most of Asia. On the bright side 3/3 for what i was able to trade. It was an ideal session for this system, and hopefully London co-operates just as well

It seems like all the red news and speaks the past two days caused the market to pause before choosing a direction.
  • #11,163
  • Jul 17, 2014 12:56am Jul 17, 2014 12:56am
Good morning everybody :-)
Very impressive results Mastermind, really !
  • #11,164
  • Jul 17, 2014 12:58am Jul 17, 2014 12:58am
Anybody is looking for GU 400 leve long in nex hour?
Stay Hungry Stay Foolish
  • #11,165
  • Jul 17, 2014 1:00am Jul 17, 2014 1:00am
Quoting Nik13
Anybody is looking for GU 400 leve long in nex hour?
Looks too sloppy for me. I'll wait to see GU pick a direction first
  • #11,166
  • Jul 17, 2014 1:00am Jul 17, 2014 1:00am
Good morning guys and girls.
Looks like some good results during the night. No news at LO so hoping we can repeat the performance.
Impressive once again Mastermind. You seem to be becoming a serious pips magnet...
  • #11,167
  • Jul 17, 2014 1:01am Jul 17, 2014 1:01am
I have written a backtesting program towards this strategy. It shows the chance of the price bounce back when it cross over 00 is way more than it goes towards the same direction for further 5pips.

Anyone wants to comment this, please?

I'm able to show all the trading details for the past 10 years history data.
However, my program didn't ignore the news time. But is it making this huge difference?
  • #11,168
  • Jul 17, 2014 1:02am Jul 17, 2014 1:02am
good morning all

nice to see some people made some nice green pips..

first coffee

Udine
Sleep less, live fast, as it aint gonna last
  • #11,169
  • Jul 17, 2014 1:02am Jul 17, 2014 1:02am
I got short orders on GJ, EU and EJ
Looks as though GU is coming down to join the others so will wait for it to go red.
  • #11,170
  • Jul 17, 2014 1:04am Jul 17, 2014 1:04am
Quoting sj9bp20
I got short orders on GJ, EU and EJ Looks as though GU is coming down to join the others so will wait for it to go red.
none of those would be according to the rules.. specifically rule 3
  • #11,171
  • Jul 17, 2014 1:05am Jul 17, 2014 1:05am
Good day, everyone! having my second coffee in hand but no trades as gbp isn't in sync.

did demo in asian session and was up 1.25%, going back to live for regular session
  • #11,172
  • Jul 17, 2014 1:07am Jul 17, 2014 1:07am
Quoting Callum
{quote} none of those would be according to the rules.. specifically rule 3
Thank you Callum. You are not wrong at all. Not a good start for me!!!
  • #11,173
  • Jul 17, 2014 1:08am Jul 17, 2014 1:08am
Good morning..

green pips you all..


nothing on franky looking good to trade.. londi will be the start for me..
Passion, Persist, Patience, Protect
  • #11,174
  • Jul 17, 2014 1:09am Jul 17, 2014 1:09am
Goodmorning!

Nice Asian session for EJ and GJ I see.. Every short would have turned to TP!
Too bad I was sleeping .

Lrt
"Every battle is won before it's fought."
  • #11,175
  • Jul 17, 2014 1:09am Jul 17, 2014 1:09am
Just deleted a couple of pending orders that don't match Frankfurt entry rules.

1 trade still running...........long time...........

Masterrmind...............
Master your Mind then Master your Trades
  • #11,176
  • Jul 17, 2014 1:10am Jul 17, 2014 1:10am
Quoting nitecop
Good day, everyone! having my second coffee in hand but no trades as gbp isn't in sync. did demo in asian session and was up 1.25%, going back to live for regular session
Love the confidence!

Masterrmind............
Master your Mind then Master your Trades
  • #11,177
  • Jul 17, 2014 1:10am Jul 17, 2014 1:10am
Quoting sj9bp20
{quote} Thank you Callum. You are not wrong at all. Not a good start for me!!!
just take your time mate, don't get carried away and just remember a loss will cost you 2 and a win will gain you 1, so as Udine says, pick your battles wisely
  • #11,178
  • Jul 17, 2014 1:29am Jul 17, 2014 1:29am
Quoting Masterrmind
{quote} Love the confidence! Masterrmind............

Thank you! was actually up 3.65% but lost one but the whole point of the exercise is to be consistently profitable in asian session and learn how it works before i can start trading live; the focus is on aud and nzd pairs as well
  • #11,179
  • Jul 17, 2014 1:29am Jul 17, 2014 1:29am
good morning everyone...........Scanning all the rules..........................
Never say no to PIPS
  • #11,180
  • Jul 17, 2014 1:38am Jul 17, 2014 1:38am
Quoting FXEmpire
{quote} for USD it reads as: Federal Funds Rate FOMC Statement and just in case for euro bcz eu rate change and statement highly effects the 4majors we watch.. but check with Udine again.. for EUR it reads as: Minimum bid rate ECB press conference take care buddy.. and thanks for all your hard work.
Thanks for the help, Yes that is the correct news, so have an updated version for you all to test.
So far it doesn't include all USD Red news, but hopefully when NFP and FOMC news are about to be released we will see an hours warning before hand.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 4 KB


As you can see I have also included the news headline so we can see what is coming up.
background and Text colours are changeable.
Take no notice of the first 5 bars as they are only there to show that the indicator is working.
Place files in indicators folder and put only WUKAR_News.ex4 on each chart you are trading.
Make sure "Allow DLL Imports" is checked and in Tools-Options-Expert Advisors tab, "Allow WebRequest for listed URL" is checked and you have http://www.forexfactory.com listed in the box below it.

Attached File(s)
File Type: ex4 WUKAR_News.ex4   8 KB | 495 downloads
Attached File(s)
File Type: ex4 FFCal-WUKAR.ex4   50 KB | 473 downloads

For those interested in the source code changes:
Attached File(s)
File Type: mq4 FFCal-WUKAR.mq4   49 KB | 447 downloads


Green bars mean it is safe to trade, Red means don't trade during red news, Gray means be careful news may still impact market.
Please don't hesitate to pm me if you find a bug...

All the best with your trading

MrTD
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