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As simple as possible: 00 level trading

  • #13,661
  • Jul 27, 2014 11:30am Jul 27, 2014 11:30am
Quoting LFN
What site are you using for checking the sync/correlated pairs?

I am using www.myfxbook.com/forex-market/correlation on M15 time frame.
Is that okay?

EURJPY - CHFJPY 98% and USDJPY 92%
GBPJPY - GBPCAD 85% (only one pair above 80%)
EURUSD - AUDUSD 83% and NZDUSD 82%
GBPUSD - GBPCHF 93% and AUDUSD 85%

Different sites shows different percent. Is the above okay in your eyes?
Hi!
I got no comments about my post on Friday (se above) and I see that correlation is on the topic now. As you can see I found another site with correlated data (not affiliated either).

Is the link from cigarguy better? What timeframes should we use on myfxbook site to find correlated pairs when trading this system? And calculate over how many Num periods?
  • #13,662
  • Edited 1:24pm Jul 27, 2014 11:59am | Edited 1:24pm
Quoting LFN
{quote} Hi! I got no comments about my post on Friday (se above) and I see that correlation is on the topic now. As you can see I found another site with correlated data (not affiliated either). Is the link from cigarguy better? What timeframes should we use on myfxbook site to find correlated pairs when trading this system? And calculate over how many Num periods?
LFN,

I was looking for a good correlation site with tables and FerruFx was kind enough to furnish the site that he has been using for years. It was posted as a FYI for traders looking for the same. Each trader must do their own research and find what works for them. I personally have no knowledge of myfxbook and one site is probably as good as another, it's just the trader's preference.

Good luck in your research and many pips

Regards,
Cigarguy
Keep It Simple
  • #13,663
  • Jul 27, 2014 4:07pm Jul 27, 2014 4:07pm
billko1977,

Your PM answered.

Cigarguy
Keep It Simple
  • #13,664
  • Jul 27, 2014 5:44pm Jul 27, 2014 5:44pm
Quoting ejdzbikej
Hello Udine and the rest. I have 3 questions I couldn't find answers for so he we go: 1. Why do you set 5pips fixed TP instead of setting 5 pip trailing stop and allow profits run if movement continues in correct direction? 2. I understand that different time zones means different daily candle starts ( mine forms@ 9:30am EST) and different general chart appearance, therefore does this system work in any of the above or only in particular one? 3. By using what lot size, and risk how many % of your account you actually manage to get 2% return, taking...
It can be done at 50:1 but puts margin at risk IMOP. No way I will push it to try and get the 1% per trade. Alot here do the 5 pip tp I prefer to let them go a little just a matter of preference.
  • #13,665
  • Jul 27, 2014 6:10pm Jul 27, 2014 6:10pm
Quoting cigarguy
MM, I See that your PsyLevels Dashboard V1, is updating and functioning correctly. Mine was not updating correctly last week. Specifically the H1 and D1 candles were not updating in correlation to the UFX Trend multimeter candles. The only changes I made were a label color change, offset and the pairs I watch. Did you make any additional input changes other then what mine indicate? (could be a possible conflict with the multi T/F multi meter candle indicator M1 to MN1 located above?) I know it shows in agreement here in the pic, but when live it...
Hello,

First i would like to say thank you to all for posting in this thread especially Udine of course. I have learned a ton in the last week of reading through everything and am really looking forward to putting it to the test this week.

I am also having the same problem with psylevels dashboard. I know its not part of the original zip file but i can see how helpful it could be for following more than a few pairs. Everything shows on the chart as it should but the pairs do not update on its own unless i close down my MT4 platform and then restart, then it will update upon starting but wont do it again unless i restart. I would really like to be able to use this tool so if anyone who is familiar with it i would really appreciate any suggestions.

Thanks
  • #13,666
  • Jul 27, 2014 8:39pm Jul 27, 2014 8:39pm
Hello all...
First for the week short AJ+5

Also adjusted the indicator i-Profit Tracker-Fixed to move money column to the end so that those trading live can select a screen shot of their progress without having to show money made or lost then having to blank it out..
Attached Image


Attached File(s)
File Type: mq4 i-Profit Tracker-Fixed.mq4   17 KB | 922 downloads



all the best,
MrTD
  • #13,667
  • Jul 27, 2014 9:12pm Jul 27, 2014 9:12pm
New week new start.

My first run of my own system (adapted from Udine's to fit my personal style) got a really bad result for a period of one month.

Now, i am going to start the second run.

Hopefully, i could get a good result.

Today's first trade EURAUD, +5pips.
Outcome is not important at all, but correct technique is what only matters
  • #13,668
  • Jul 27, 2014 9:51pm Jul 27, 2014 9:51pm
Quoting MrTD
Hello all... First for the week short AJ+5 Also adjusted the indicator i-Profit Tracker-Fixed to move money column to the end so that those trading live can select a screen shot of their progress without having to show money made or lost then having to blank it out.. {image} {file} all the best, MrTD
Thank you MrTD. Much appreciated.
The problem is not giving offence but taking offence!
  • #13,669
  • Jul 27, 2014 10:23pm Jul 27, 2014 10:23pm
Quoting MrTD
Hello all... First for the week short AJ+5 Also adjusted the indicator i-Profit Tracker-Fixed to move money column to the end so that those trading live can select a screen shot of their progress without having to show money made or lost then having to blank it out.. {image} {file} all the best, MrTD
MrTD;

Thanks for nice revision

Cigarguy
Keep It Simple
  • #13,670
  • Jul 28, 2014 12:56am Jul 28, 2014 12:56am
good morning,

ready for a new week..

Udine
Sleep less, live fast, as it aint gonna last
  • #13,671
  • Jul 28, 2014 1:08am Jul 28, 2014 1:08am
all PM's have been replied

Udine
Sleep less, live fast, as it aint gonna last
  • #13,672
  • Jul 28, 2014 1:11am Jul 28, 2014 1:11am
GM !

I read the thread during the weekend & learned a lot.
I'll try get some green pips in this week.

Thanks Udine ...
  • #13,673
  • Jul 28, 2014 1:18am Jul 28, 2014 1:18am
Quoting oneki
GM ! I read the thread during the weekend & learned a lot. I'll try get some green pips in this week. Thanks Udine ...

glad to hear you did your homework

Udine
Sleep less, live fast, as it aint gonna last
  • #13,674
  • Jul 28, 2014 1:19am Jul 28, 2014 1:19am
Quoting Udine
good morning, ready for a new week.. Udine
me too, new levels of focus and discipline here...
  • #13,675
  • Jul 28, 2014 1:23am Jul 28, 2014 1:23am
Buen día tengamos. ¿Queda café?
Donde hay Patron no manda Marinero
  • #13,676
  • Jul 28, 2014 1:24am Jul 28, 2014 1:24am
GBPJPY 173.000
Donde hay Patron no manda Marinero
  • #13,677
  • Jul 28, 2014 1:25am Jul 28, 2014 1:25am
Quoting Patron
Buen día tengamos. ¿Queda café?

off course !!!

no coffee no trading !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #13,678
  • Jul 28, 2014 1:25am Jul 28, 2014 1:25am
Today on my demo account ...
Attached Image
  • #13,679
  • Jul 28, 2014 1:26am Jul 28, 2014 1:26am
Quoting Patron
GBPJPY 173.000

patience grasshopper !!!

violating Rule 3..

Udine
Sleep less, live fast, as it aint gonna last
  • #13,680
  • Jul 28, 2014 1:27am Jul 28, 2014 1:27am
Quoting Udine
{quote} off course !!! no coffee no trading !!! Udine
Okay, I will add it to the rules. hmmm
Donde hay Patron no manda Marinero
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