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As simple as possible: 00 level trading

  • #12,881
  • Jul 23, 2014 3:57pm Jul 23, 2014 3:57pm
Quoting Carpathian
{quote} Here you go. That's when you can make a wish.... of +5 pips... and it'll come true they say. {image}
lololol
  • #12,882
  • Edited 4:25pm Jul 23, 2014 4:25pm | Edited 4:25pm
Quoting FX_California
Just to break even, you have to win 2 out of 3 trades with SL/TP (10/5) {quote}
Very true, but a lot of people are not trading exactly as Udine is. He only trades EJ/GJ and if these dont offer any chance EU/GU . Also like he said the goal is 2 winning trades (or 2%) and then sto, and to do this preferably only during FO & LO and only NY if not done then yet.
I remember someone tested this and posted results in an earlier post that showed best results (86%) when sticking to these rules. I also never saw Udine himself take more than 4 trades a day if im not mistaken.
The rules are the basic guide lines, if a pair just ran 20 pips up, it may not be wise to have a pending order at the highs for a buy and vice versa. If you know the rules well you could profit very well from this in a trending market, somewhere in the first 10 or so pages of the thread, FerruFX points out how 4/5 levels could have been taken in the same amount off hours on EURUSD (i thought it was).
If you're new just stick to the 6 opportunities for EJ and GJ at only FO/LO/NYO, other pairs like GA / EA / GC / EC have nice ADR but they move different imo. Mastermind is doing great on them but from looking at his posts it is clear that he also uses a lot of consideration for each trade not necessarily just stickin to Udine's rules only.
  • #12,883
  • Jul 23, 2014 5:02pm Jul 23, 2014 5:02pm
Quoting ministeren
Hi gents, i'm having a hard time getting the OCO/TS/HTP/HSL to work as supposed as i think it should . Don't worry about xADR indi as i'm just testing the other stuff... For instance, im taking 2 trades on GBP/USD. 1 long @ 1.70.400, 1 short @ 1.70300, where it did hit the short one, but did not Cancel my Long order. ? I tested as well this morning with the TS/HTP/HSL and it don't care at all. It just goes through the line without SL/TP. Can you see from my attached pic's if i've configured it correctly ?. Thank you sooo much . /ministeren {image}...
You have a sad face next to the EA . That means it is not working.
  • #12,884
  • Jul 23, 2014 5:19pm Jul 23, 2014 5:19pm
Quoting Udine
no more trading today.. results: today +4 % week +7 % Udine
Great. Keep it up.
Intraday only.
  • #12,885
  • Jul 23, 2014 5:21pm Jul 23, 2014 5:21pm
Quoting ericjschroed
{quote} Read my posts where you find these EAs. Also you will have a hard time demoing if you don't understand your trading platform. That is first, learn to trade second.
Thanks mate will do
  • #12,886
  • Jul 23, 2014 5:43pm Jul 23, 2014 5:43pm
Quoting ministeren
Hi gents, i'm having a hard time getting the OCO/TS/HTP/HSL to work as supposed as i think it should . Don't worry about xADR indi as i'm just testing the other stuff... For instance, im taking 2 trades on GBP/USD. 1 long @ 1.70.400, 1 short @ 1.70300, where it did hit the short one, but did not Cancel my Long order. ? I tested as well this morning with the TS/HTP/HSL and it don't care at all. It just goes through the line without SL/TP. Can you see from my attached pic's if i've configured it correctly ?. Thank you sooo much . /ministeren {image}...
Allow live trading, it's the tab next to New Order.
  • #12,887
  • Jul 23, 2014 5:58pm Jul 23, 2014 5:58pm
Quoting toppo qqq
{image}{image} {quote} Thanks for the EA, turboguru. It's very interesting, indeed. Would be very helpful if you would tell us your setting, in any forms like screenshot of parameter window, a set file, or even a text file. I have been struggling to testing and understanding the parameters and reading the comments in the code but it still drives me confused. Many thanks in advance, T.
This works pretty good for me some pairs are different but this should be close.
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  • #12,888
  • Edited 7:11pm Jul 23, 2014 6:56pm | Edited 7:11pm
Morning Breakfast,

1. EURAUD +5.2pips (+0.42%) TP
Attached Image (click to enlarge)
Click to Enlarge Name: WUKAR 0714-0007.png Size: 72 KB


2. GBPAUD +0.4pips (-0.03%) TS
Attached Image (click to enlarge)
Click to Enlarge Name: WUKAR 0714-0008.png Size: 86 KB


24-7-14 (GMT+8) : +0.39% (+5.8pips) [1TP 1TS]
-AdrianC.
  • #12,889
  • Jul 23, 2014 6:57pm Jul 23, 2014 6:57pm
Goodday all, can anyone explain the huge gap on NZD pairs? i see them at least on IC markets just around the day end/open
  • #12,890
  • Jul 23, 2014 7:03pm Jul 23, 2014 7:03pm
Quoting nitecop
Goodday all, can anyone explain the huge gap on NZD pairs? i see them at least on IC markets just around the day end/open
RBNZ rate decision. Signaled a pause to rate hikes going forward.
  • #12,891
  • Jul 23, 2014 7:03pm Jul 23, 2014 7:03pm
Quoting nitecop
Goodday all, can anyone explain the huge gap on NZD pairs? i see them at least on IC markets just around the day end/open
Rate announcement
  • #12,892
  • Jul 23, 2014 7:05pm Jul 23, 2014 7:05pm
Quoting nitecop
Goodday all, can anyone explain the huge gap on NZD pairs? i see them at least on IC markets just around the day end/open
question....do u not have an economic calendar indicator on a chart? If not, I suggest it would be beneficial.
  • #12,893
  • Jul 23, 2014 7:08pm Jul 23, 2014 7:08pm
None of the charts look too appealing at the moment.....check next hour.
  • #12,894
  • Jul 23, 2014 7:16pm Jul 23, 2014 7:16pm
Quoting AdrianC
Morning Breakfast, 1. EURAUD +5.2pips (+0.42%) TP {image} 2. GBPAUD +0.4pips (-0.03%) TS {image} 24-7-14 (GMT+8) : +0.39% (+5.8pips) [1TP 1TS] -AdrianC.
I was making the exactly same trade as you, long EA. +5pips

However, I reckon this is a very risky trade, as when we entry, the EU is moving down.
Our take profit point was the peak. Lucky us.

I won't entry on such situation again when one of the straight is moving toward different direction.

What do you think?

Kevin
  • #12,895
  • Jul 23, 2014 7:18pm Jul 23, 2014 7:18pm
Quoting panamamike
{quote} question....do u not have an economic calendar indicator on a chart? If not, I suggest it would be beneficial.

thanks, I tried to install it but it dint work properly so i manually look up the calendar, perhaps i'll try the updated one mrtd just posted
  • #12,896
  • Jul 23, 2014 7:18pm Jul 23, 2014 7:18pm
Quoting panamamike
None of the charts look too appealing at the moment.....check next hour.
Agree with that, China news might be the key to the session and its looking like trading after it only perhaps... we shall see if anything is moving in 40 mins!
  • #12,897
  • Jul 23, 2014 7:23pm Jul 23, 2014 7:23pm
So far, unlike yesterdays session with easy pips galore, Asian Session back to its normal ranging mode.

Cigarguy
Keep It Simple
  • #12,898
  • Jul 23, 2014 7:29pm Jul 23, 2014 7:29pm
Quoting kevinickel
{quote} I was making the exactly same trade as you, long EA. +5pips However, I reckon this is a very risky trade, as when we entry, the EU is moving down. Our take profit point was the peak. Lucky us. I won't entry on such situation again when one of the straight is moving toward different direction. What do you think? Kevin
Trading in asia session is already a risk

-AdrianC.
  • #12,899
  • Jul 23, 2014 7:34pm Jul 23, 2014 7:34pm
Quoting ericjschroed
{quote} You have a sad face next to the EA . That means it is not working.
Thanks for the reply Eric . But i still don't have a clue of why it's not working though .
  • #12,900
  • Jul 23, 2014 7:34pm Jul 23, 2014 7:34pm
Quoting AdrianC
{quote} Trading in asia session is already a risk -AdrianC.
Yes indeed. This is where many traders give back their prior sessions hard earned pips and their patience are tested.

Cigarguy
Keep It Simple
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