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As simple as possible: 00 level trading

  • #12,201
  • Jul 21, 2014 7:20pm Jul 21, 2014 7:20pm
I am going to have a quick nap. Cya Ina few hours.
  • #12,202
  • Jul 21, 2014 7:22pm Jul 21, 2014 7:22pm
Personally, I usually don't like trading Asian Session low volume and too much ranging, but I see a few pips made by some today. Many times trading Asian I have given back the pips I made during London and NY but just my experience.

Regards,
Cigarguy
Keep It Simple
  • #12,203
  • Jul 21, 2014 7:26pm Jul 21, 2014 7:26pm
Quoting ericjschroed
{quote} Try my 1.3.2e or 1.3.3e EA. It will hide actual TP, SL, BE, and TS but you can still have a visible hard SL just in case of power failure.
These Trade management EA's work perfectly Eric.......... no problems at all!

Masterrmind........
Master your Mind then Master your Trades
  • #12,204
  • Jul 21, 2014 7:28pm Jul 21, 2014 7:28pm
Quoting panamamike
I am going to have a quick nap. Cya Ina few hours.

I'm gonna do the same. Better not to take trades for hour or so.
Stay Hungry Stay Foolish
  • #12,205
  • Jul 21, 2014 7:28pm Jul 21, 2014 7:28pm
Quoting cigarguy
Personally, I usually don't like trading Asian Session low volume and too much ranging, but I see a few pips made by some today. Many times trading Asian I have given back the pips I made during London and NY but just my experience. Regards, Cigarguy
One of the reasons why it works so well with this method is simply because we are only after 5 pip TP so we don't need a big movement!

A different strategy with longer TP's may not be optimal that is for sure.

Masterrmind............
Master your Mind then Master your Trades
  • #12,206
  • Jul 21, 2014 7:38pm Jul 21, 2014 7:38pm
Quoting Masterrmind
{quote} One of the reasons why it works so well with this method is simply because we are only after 5 pip TP so we don't need a big movement! A different strategy with longer TP's may not be optimal that is for sure. Masterrmind............
Mastermind,

Yes I agree and I usually go for the 5 pip target as well, but I look at the background and S & R and sometimes set a higher target. Case in point UJ today which it hit but the internet Munchkins popped up their ugly face and not to be for me.

Regards,
Cigarguy
Keep It Simple
  • #12,207
  • Jul 21, 2014 7:42pm Jul 21, 2014 7:42pm
Quoting cigarguy
{quote} Mastermind, Yes I agree and I usually go for the 5 pip target as well, but I look at the background and S & R and sometimes set a higher target. Case in point UJ today which it hit but the internet Munchkins popped up their ugly face and not to be for me. Regards, Cigarguy
Yes that's happened to most of us traders from time to time.

As long as you are profitable that's the main deal here and the strategy is closely followed.

Masterrmind............
Master your Mind then Master your Trades
  • #12,208
  • Jul 21, 2014 7:48pm Jul 21, 2014 7:48pm
Quoting Masterrmind
{quote} These Trade management EA's work perfectly Eric.......... no problems at all! Masterrmind........
Thanks, man. I guess not everyone has figured out how cool they are! (thanks to Pannet1 for starting it!) I have another version that will buy (not sell) based on the chart (bid) instead of the invisible Ask price. If anyone is interested, let me know.
  • #12,209
  • Jul 21, 2014 7:53pm Jul 21, 2014 7:53pm
Quoting ericjschroed
{quote} Thanks, man. I guess not everyone has figured out how cool they are! (thanks to Pannet1 for starting it!) I have another version that will buy (not sell) based on the chart (bid) instead of the invisible Ask price. If anyone is interested, let me know.
Actually I'd be interested in looking at that Eric just to see the impact over varying lot sizes.

It just might prove to be very useful.

Masterrmind.............
Master your Mind then Master your Trades
  • #12,210
  • Jul 21, 2014 7:54pm Jul 21, 2014 7:54pm
Quoting ericjschroed
{quote} Thanks, man. I guess not everyone has figured out how cool they are! (thanks to Pannet1 for starting it!) I have another version that will buy (not sell) based on the chart (bid) instead of the invisible Ask price. If anyone is interested, let me know.
ericischroed,

BTW, your WUKAR_WB_Trail_v1_3_3e , is working without fail. Thanks for your hard work

Regards,
Cigarguy
Keep It Simple
  • #12,211
  • Jul 21, 2014 8:15pm Jul 21, 2014 8:15pm
GA was in before the hour and trailed it out.
Attached Image
  • #12,212
  • Jul 21, 2014 8:18pm Jul 21, 2014 8:18pm
Quoting ericjschroed
{quote} Thanks, man. I guess not everyone has figured out how cool they are! (thanks to Pannet1 for starting it!) I have another version that will buy (not sell) based on the chart (bid) instead of the invisible Ask price. If anyone is interested, let me know.
yes please.
  • #12,213
  • Jul 21, 2014 8:23pm Jul 21, 2014 8:23pm
Quoting turboguru
GA was in before the hour and trailed it out. {image}
glad it worked for you.

however, it broke rules...bad habit to get into IMO. You shorted above the Open.
  • #12,214
  • Jul 21, 2014 8:24pm Jul 21, 2014 8:24pm
Quoting panamamike
{quote} glad it worked for you. however, it broke rules...bad habit to get into IMO. You shorted above the Open.
I didn't short above my open it's the blue line on my chart.
  • #12,215
  • Jul 21, 2014 8:29pm Jul 21, 2014 8:29pm
Quoting turboguru
{quote} I didn't short above my open it's the blue line on my chart.
Nice trade then! Hard to tell what the lines are on your chart. What are the pink lines?
  • #12,216
  • Jul 21, 2014 8:31pm Jul 21, 2014 8:31pm
Quoting panamamike
{quote} Nice trade then! Hard to tell what the lines are on your chart. What are the pink lines?
That is the roll 5est basically US close.

Edit: Oh and thanks.
  • #12,217
  • Jul 21, 2014 8:44pm Jul 21, 2014 8:44pm
Quoting turboguru
{quote} That is the roll 5est basically US close. Edit: Oh and thanks.
ok. That is my open.
  • #12,218
  • Edited 9:01pm Jul 21, 2014 8:46pm | Edited 9:01pm
Quoting panamamike
{quote} ok. That is my open.
Ah yea my plat is true GMT
  • #12,219
  • Jul 21, 2014 9:20pm Jul 21, 2014 9:20pm
Quoting Masterrmind
{quote} Actually I'd be interested in looking at that Eric just to see the impact over varying lot sizes. It just might prove to be very useful. Masterrmind.............
Quoting panamamike
{quote} yes please.
Cool. Here are 2 versions. NOTE: (Anyone) DO NOT bug me if you lose money in a Live account without testing in Demo! The first one will place a Market Buy order when price (Bid) reaches the trigger line. The second one also allows for a Sell order so you can place a (pending) sell order within 0.1 pips (1 point) of price and your broker won't reject it. 2nd one also adds an option for ATR trailing stop which kicks in right away if set to True. Otherwise, same as the previous ones with HiddenSL and TS. You must use the EJS_PL (pending line) script by dragging it within 5 pips of your 00 level and it will place the line there. When price breaks the PL, the EA places a Market order. It works for me; let me know if you have any problems.

Attached File(s)
File Type: mq4 WUKAR_WB_Trail_v2e.mq4   15 KB | 439 downloads

Attached File(s)
File Type: mq4 WUKAR_WB_Trail_v2.1e.mq4   20 KB | 473 downloads

Attached File(s)
File Type: mq4 Eric Pending Order Line.mq4   1 KB | 514 downloads
  • #12,220
  • Jul 21, 2014 9:27pm Jul 21, 2014 9:27pm
Quoting ericjschroed
{quote} {quote} Cool. Here are 2 versions. ..
Thank you. Much appreciated.
Lets WUKAR FIFO!! - Udine
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