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As simple as possible: 00 level trading

  • #18,921
  • Sep 30, 2014 7:31am Sep 30, 2014 7:31am
Trade #2 GJ TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.09.30_20h28m45s_021_.png Size: 25 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,922
  • Sep 30, 2014 7:39am Sep 30, 2014 7:39am
thanx heaps MM ..its just since mt4 upgrade on weeken my lappy is freezing ...didnt do it b4 ..they renk one of the indis is not compatable withmt4 711 upgrade ,,, I isolated it to any candle so working without it .. well see what happens cheers Q
Whats That? you're trading What?
  • #18,923
  • Sep 30, 2014 7:44am Sep 30, 2014 7:44am
hi Jibala, how about giving us a hint somewhere on ur chart what time frame ur charts is
Whats That? you're trading What?
  • #18,924
  • Edited Oct 1, 2014 2:52am Sep 30, 2014 7:49am | Edited Oct 1, 2014 2:52am
Quoting josch
{quote} Nice trade, not read the whole thread so far ... spread was mentioned already more than once. Do you go for 5 included spread, so you made a net profit of 3.5 in this trade? And second, ref to spread again - was it discussed already, that instead of looking for a broker with good spread and high liquidity (small slippage) it's a possibility too to go for fx futures with CME to lower these costs? Have a look at the attached PDF by Timothy (I don't know him personally, found the doc some times ago). The PDF isn't up to date, CME conditions...
Hi Josch,

I have an ECN FX broker to try out this strategy. Would like to move it over to futures soon however, issue is it ultimately limits the available markets as some FX pairs aren't too liquid in CME futures.

Will let you all know how it goes, though I'm sure it'll go far superior given

 

  1. Lower spreads
  2. Lower commissions
  3. More transparent pricing
  4. Market depth and time/sales information
  5. Use of SuperDom for order placement and management (X_Trader or CQG or NinjaTrader SuperDom)
  6. Volume analysis (Market Profile...Volume Profile) with better platforms than MetaTrader
  7. More effective trailing stop
  8. Can be filled at target profit without it going beyond that price
  9. You can trade E-micro FX pairs, for those of you who do not know: I.e. Margin requirements $150 controlling 12,500 euros

Most likely would only trade EURUSD, GBPUSD and EURJPY ---

Will report once fully investigated.

[Note on PC power: I'm trading FX ECN on MT4 on a 2010 macbook with very few issues, though I only load EJ and GJ. I also recommend you all to ping test your brokers server to establish the ms distance for your execution (Mine is 90ms, yikes!)]

All the best folk,
TurismoTek.

  • #18,925
  • Sep 30, 2014 7:54am Sep 30, 2014 7:54am
Quoting Qed
thanx heaps MM ..its just since mt4 upgrade on weeken my lappy is freezing ...didnt do it b4 ..they renk one of the indis is not compatable withmt4 711 upgrade ,,, I isolated it to any candle so working without it .. well see what happens cheers Q
I think all these MT4 upgrades are driving us all crazy.... always something needs re-coding or adjusting!

Masterrmind.........
Master your Mind then Master your Trades
  • #18,926
  • Sep 30, 2014 8:03am Sep 30, 2014 8:03am
TurismoTek,

thank you. Beside all mentioned benefits the availability/liquidity of fx futures is a true point.
Nonetheless, if you won't be able to make a business with the majors, why with exotics?
With a broker trading the cash your spread will widen with exotics anyway.

josch
trading is war - life is simple
  • #18,927
  • Sep 30, 2014 8:32am Sep 30, 2014 8:32am
There are two EA,
Which EA should be on each chart and which one is to put only on one chart

Thanks
  • #18,928
  • Sep 30, 2014 8:37am Sep 30, 2014 8:37am
Quoting Qed
hi Jibala, how about giving us a hint somewhere on ur chart what time frame ur charts is
Ok, here we go! Look at the bottom of the chart and you see the time from 3 - 7, while the chart counts 4 candles! The main question now is, how many candles per hour?

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,929
  • Sep 30, 2014 8:46am Sep 30, 2014 8:46am
Quoting Qed
yeh m8 im concerned my lappy may not be handling all the indis have loads of free disc , running celeron dual core cpu [email protected] ("[email protected]") 2094MHZ
How many gigs of RAM ?
It´s the RAM that kills you with 10+ charts open.
Your CPU is OK, you should have a CPU load of max. 35% for your MT4 platform...

flx69
  • #18,930
  • Sep 30, 2014 8:49am Sep 30, 2014 8:49am
Quoting JibalaPasan
{quote} Ok, here we go! Look at the bottom of the chart and you see the time from 3 - 7, while the chart counts 4 candles! The main question now is, how many candles per hour? Jibala
C´mon JiPa, stop teasing the man

flx69
  • #18,931
  • Sep 30, 2014 8:53am Sep 30, 2014 8:53am
Trade #2

GBPJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB


Trade #3 [Bonus Trade #1]

EURJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 57 KB


Trade #4 [Bonus trade #2]

GBPAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 56 KB


Comment: Thank you New York!

Done for the day!

Masterrmind...........
Master your Mind then Master your Trades
  • #18,932
  • Sep 30, 2014 8:54am Sep 30, 2014 8:54am
Quoting flx69
{quote} C´mon JiPa, stop teasing the man flx69
Don't get me wrong, I'm not teasing at all! It only made me laugh.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,933
  • Sep 30, 2014 8:57am Sep 30, 2014 8:57am
Quoting Qed
thanx heaps MM ..its just since mt4 upgrade on weeken my lappy is freezing ...didnt do it b4 ..they renk one of the indis is not compatable withmt4 711 upgrade ,,, I isolated it to any candle so working without it .. well see what happens cheers Q
Once upgraded, why don´t you just replace the new build "terminal.exe" file with the old one ?
If you´re on one of the 5 brokers I am using and PM me which one you have, I´ll show you the way to do it...

flx69
  • #18,934
  • Sep 30, 2014 9:25am Sep 30, 2014 9:25am
Good luck everyone.

Time for rest!

Masterrmind...........
Master your Mind then Master your Trades
  • #18,935
  • Sep 30, 2014 11:26am Sep 30, 2014 11:26am
ok guys, girls,

I am out of here..
stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #18,936
  • Sep 30, 2014 6:10pm Sep 30, 2014 6:10pm
hehe FLX I was just being lazy, didnt even think to look down there , :nerd:it gave all the room a good laugh tho ..heheh cheers Q
Whats That? you're trading What?
  • #18,937
  • Oct 1, 2014 1:20am Oct 1, 2014 1:20am
good morning,

new day new opportunities, but today with some obstacles.... plenty red news during the day

be patient and pay attention...

PDF &BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #18,938
  • Oct 1, 2014 1:38am Oct 1, 2014 1:38am
Had my first winning trade yesterday! Great news lol

Rome wasn't built in a day, as they say.
  • #18,939
  • Oct 1, 2014 1:45am Oct 1, 2014 1:45am
Buenos días familia,

Ready to rumble here.
Patiently waiting for opportunities...

Green pips to all of you today !

flx69
  • #18,940
  • Oct 1, 2014 1:48am Oct 1, 2014 1:48am
Hi guys hope you all are doing well..

Just found some time to spend sitting in front of the charts, might trade if there are good opportunities..

Good luck and have fun

Madscientist
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