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As simple as possible: 00 level trading

  • #14,341
  • Jul 29, 2014 9:37pm Jul 29, 2014 9:37pm
Quoting kevinickel
I have performed a back-testing for this System over the July figures. Every trade have been log in detail. I have put them in the attachment. - Trades are detail to second - Spread, commission, slippage have been ignored - Trade only between FFO - two hours after NYO (GMT 06:00 - 14:00) - Daily Open set to (GMT 03:00) - All TS count as 0 pips profit - All rules are following strictly, except the news one. (I'm too lazy to put in the news parameters one by one. You are able to filter all the trade one by one in the trading log attachment.) - I performed...
Hi Kevinickel

This is the first time I have posted and I must say fantastic work. Just eyeballing the charts lately the pairs I would be interested in during the Asian session are:

AUDJPY
NZDJPY
AUDUSD
NZDUSD

I have also been looking at AUDNZD but the spreads seem to be very high and may not be worth it

I live in Australia so would like to be trading this session. If you could analyses these I would be most grateful

Also do you only look at the first 2 hours after open or the whole session?

Kind regards Rapple
  • #14,342
  • Jul 29, 2014 9:39pm Jul 29, 2014 9:39pm
Quoting kevinickel
I have performed a back-testing for this System over the July figures. Every trade have been log in detail. I have put them in the attachment. - Trades are detail to second - Spread, commission, slippage have been ignored - Trade only between FFO - two hours after NYO (GMT 06:00 - 14:00) - Daily Open set to (GMT 03:00) - All TS count as 0 pips profit - All rules are following strictly, except the news one. (I'm too lazy to put in the news parameters one by one. You are able to filter all the trade one by one in the trading log attachment.) - I performed...

From the digit, can we have a conclusion:

- It is not so easy to jump in and make big money.


However, no matter how ugly the back-test shows, i will follow up Udine's thread.

Because from Udine, i learned so much which i lack. With these gains, i make my own system better and better.

: - ) Thanks Udine!
Outcome is not important at all, but correct technique is what only matters
  • #14,343
  • Jul 29, 2014 9:55pm Jul 29, 2014 9:55pm
Quoting szpowerx
{quote}i will follow up Udine's thread. Because from Udine, i learned so much which i lack. With these gains, i make my own system better and better. : - ) Thanks Udine!


Nothing more to say!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,344
  • Jul 29, 2014 9:58pm Jul 29, 2014 9:58pm
Quoting JibalaPasan
{quote} Nothing more to say! Jibala
Quoting szpowerx
{quote} From the digit, can we have a conclusion: - It is not so easy to jump in and make big money. However, no matter how ugly the back-test shows, i will follow up Udine's thread. Because from Udine, i learned so much which i lack. With these gains, i make my own system better and better. : - ) Thanks Udine!
Could you guys provide us the addition rules in your system? so that we can rip off those 20~30% loss trade.
  • #14,345
  • Jul 29, 2014 10:10pm Jul 29, 2014 10:10pm
Am i the only one with spreads like that?
Attached Image
Stay Hungry Stay Foolish
  • #14,346
  • Jul 29, 2014 10:18pm Jul 29, 2014 10:18pm
Quoting Nik13
Am i the only one with spreads like that? {image}
My spread is 1.4 pips atm.
Attached Image
  • #14,347
  • Jul 29, 2014 10:23pm Jul 29, 2014 10:23pm
FYI,

i think the FF calendar is questionable when it comes to days like today. Regional CPI's are red?

The other two calendars I look at to compare are dailyfx and another I can't post here. Needless to say the only red CPI is the harmonized number. Just my .02
  • #14,348
  • Jul 29, 2014 10:27pm Jul 29, 2014 10:27pm
Quoting kevinickel
{quote} {quote} Could you guys provide us the addition rules in your system? so that we can rip off those 20~30% loss trade.
I will give you a statement of my mentor:
_____
It was mentioned many times already, but nobody wants to take notice of it. Also Udine tells always no need for additional indis, just follow the rules. Yes, he can do that very easily, because he exactly knows about the secrets behind without additional indies. But what about all the others not having years of experiences? What you guys need to know is when the right time has come to jump in a trade. You need pa, the power of momentum and especially the currency you are going to buy / sell must be more strength / weak than the other side and additional the correlated pairs must be sync! Thus first look for a currency strength meter (but not the one from Mr. Henry Liu, he is a scammer!) and learn how to use it. This will improve your trading.
_____

Just yesterday I tested myself and the result without would have been a disaster!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,349
  • Jul 29, 2014 10:32pm Jul 29, 2014 10:32pm
Quoting kevinickel
{quote} My spread is 1.4 pips atm.{image}
My spread is 3.1 pips. I have tried 2 brokers. But the spread is about the same. How can I get the lower spread broker?
  • #14,350
  • Jul 29, 2014 10:36pm Jul 29, 2014 10:36pm
Quoting JibalaPasan
{quote} I will give you a statement of my mentor: _____ It was mentioned many times already, but nobody wants to take notice of it. Also Udine tells always no need for additional indis, just follow the rules. Yes, he can do that very easily, because he exactly knows about the secrets behind without additional indies. But what about all the others not having years of experiences? What you guys need to know is when the right time has come to jump in a trade. You need pa, the power of momentum and especially the currency you are going to buy / sell...
Thanks for ur reply,Jibala.

Two rules in addition,
- currency movement must in syn,
- strength meter must over certain level, am I right?

I can't see the reason I can't put these two into my back testing program.
Do you agree?
  • #14,351
  • Jul 29, 2014 10:36pm Jul 29, 2014 10:36pm
Quoting JibalaPasan
{quote} I will give you a statement of my mentor: _____ It was mentioned many times already, but nobody wants to take notice of it. Also Udine tells always no need for additional indis, just follow the rules. Yes, he can do that very easily, because he exactly knows about the secrets behind without additional indies. But what about all the others not having years of experiences? What you guys need to know is when the right time has come to jump in a trade. You need pa, the power of momentum and especially the currency you are going to buy / sell...
I posted the exact same thing via a vis what I do in trading this system several weeks ago. I even sent what I do to the guy who was ranting all day two days ago. His response was he doesn't like indicators etc. I have said all along Imwoukd not trade this system without a strength meter to pick the correct pairs to focus on each hour. I use the same thing in my 1 minute scalping system. It cuts down the losses big time....IF you have the discipline to wait for the trades.
  • #14,352
  • Jul 29, 2014 10:38pm Jul 29, 2014 10:38pm
Quoting JibalaPasan
{quote} I will give you a statement of my mentor: _____ It was mentioned many times already, but nobody wants to take notice of it. Also Udine tells always no need for additional indis, just follow the rules. Yes, he can do that very easily, because he exactly knows about the secrets behind without additional indies. But what about all the others not having years of experiences? What you guys need to know is when the right time has come to jump in a trade. You need pa, the power of momentum and especially the currency you are going to buy / sell...
Interesting, Jibala. Out of interest, what´s the currency strength meter you are using ?

flx69
  • #14,353
  • Jul 29, 2014 10:39pm Jul 29, 2014 10:39pm
Use the PsyLevel_Dashboard, it will show you if pairs are sync or not.

Attached Image


Dont ask for the indi, just search for it in thread!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,354
  • Jul 29, 2014 10:40pm Jul 29, 2014 10:40pm
I use a currency strength meter on 5 and 15 TF. There are several CSM on FF.
  • #14,355
  • Jul 29, 2014 10:40pm Jul 29, 2014 10:40pm
I have read through 360 pages so far and have not seen the answer, apologies if it is already there somewhere and I missed it :

Regarding the spread on a buy particularly, do you adjust so that you are in on the bid at the Rn, or set your pending order to the Rn at which case you actually get in at amount equal to your spread below the RN. So if my spread is 1 pip, do I get in at 111.480 or at 111.479?

Second, on the stop, do you adjust it as well to 10 pips + spread? Or just leave it at an even 10 meaning with the same 1 pip spread example that if it goes 9 you stop out?
  • #14,356
  • Jul 29, 2014 10:44pm Jul 29, 2014 10:44pm
Quoting panamamike
I use a currency strength meter on 5 and 15 TF. There are several CSM on FF.
I am currently testing the one you use Mike, but it usually contradicts on different TFs...
  • #14,357
  • Jul 29, 2014 10:47pm Jul 29, 2014 10:47pm
Quoting kevinickel
I have performed a back-testing for this System over the July figures. Every trade have been log in detail. I have put them in the attachment. - Trades are detail to second - Spread, commission, slippage have been ignored - Trade only between FFO - three hours after NYO (GMT 06:00 - 14:00) - Daily Open set to (GMT 03:00) - All TS count as 0 pips profit - All rules are following strictly, except the news one. (I'm too lazy to put in the news parameters one by one. You are able to filter all the trade one by one in the trading log attachment.) - I...


question: did you stop after trading two winning trades?

Could you guys provide us the addition rules in your system? so that we can rip off those 20~30% loss trade.

re-do the test but this time with the news !!

Udine
Sleep less, live fast, as it aint gonna last
  • #14,358
  • Jul 29, 2014 10:49pm Jul 29, 2014 10:49pm
Quoting Udine
{quote} question: did you stop after trading two winning trades? Could you guys provide us the addition rules in your system? so that we can rip off those 20~30% loss trade. re-do the test but this time with the news !! Udine
Morning there,

Another interesting factor to take into account is simple price action.
Many of the trades were probably taken when a clear direction was lacking (too close to the DO).

flx69
  • #14,359
  • Jul 29, 2014 10:50pm Jul 29, 2014 10:50pm
Quoting flx69
{quote} I am currently testing the one you use Mike, but it usually contradicts on different TFs...
Of course it does.....when it doesn't is when you trade...I.e. Right now NZD vs EUR and GBp. On 5 and 15 m.
  • #14,360
  • Jul 29, 2014 10:57pm Jul 29, 2014 10:57pm
Quoting flx69
{quote} Interesting, Jibala. Out of interest, what´s the currency strength meter you are using ? flx69
We will respect the TO not to start discussing about indicators! On the other hand I have written many times that I am using a trading tool, a special development for the wukar trading system. It is not using mt4 indicators, it is a frontend based on m$ excel.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
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