As simple as possible: 00 level trading

Quoting scottik187

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{quote} I use this method, with BE+commission when the trade is +3.5 in my direction. I have the trailing stop off. Worked well for me last week until I lost discipline. Mathematically it makes more sense, and the trades do mostly run at least 10 pips, esp on the GJ and EJ. On those pairs I'm looking for more now, 20-50 pips. Could be a weeks trading done in one trade there, if you're using 2% a trade SL. Still early days, but looks promising if you can stay disciplined and follow all the rules of this system.

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Quoting Rparm

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{quote} Thanks for the reply I've only looked at GBPJPY since August 20th, so not much of a backtest but like you said it does look promising, I'm glad I'm not the only one going down this path I'll update my findings here in a week or two on GBPJPY's tp and it's impact on accuracy

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Quoting scottik187

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{quote} Just make sure you stick to all the other rules of the system. At 10pip TP you only need 1 trade per day to hit the profit target of 2%. Trade like you're trading a large but realistic account, I use Udines example of a $20k account, you'd be risking $400 a trade @2% risk, so I think of it like that. One good trade per day that ticks all the boxes should be easy enough to find, the challenge is remaining patient and waiting for the setup and momentum.

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Quoting scottik187

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{quote} I use this method, with BE+commission when the trade is +3.5 in my direction. I have the trailing stop off. Worked well for me last week until I lost discipline. Mathematically it makes more sense, and the trades do mostly run at least 10 pips, esp on the GJ and EJ. On those pairs I'm looking for more now, 20-50 pips. Co uld be a weeks trading done in one trade there, if you're using 2% a trade SL. Still early days, but looks promising if you can stay disciplined and follow all the rules of this system.

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Quoting Juan007

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i want put the template and indicators public indicators so i need Udines concept wait for the answer thanks {image}

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Quoting JibalaPasan

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Hello guys, for the past two days I didn't post anything because we are very busy with our long term strategy for day / swing trading. But to tell you the truth, it rocks! 303,3 Pip in just two days is really amazing and Nathalia is the best developer at all. Depending on her decision who will be the one for trading this strategy, I will continue with posts for the 00-level system. No matter what ever, I wish you always good luck and lots of green pips. Sincerely Jibala

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Quoting jvbs

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Good to all, this indicator is giving this warning to make compile please any developer can take out this warning. Sending herewith the MQL4 file thank you in advance JVBS {image} {file}

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Quoting Anusragger

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Not completely clear to me: Rule 12. Distance to BRN > 10 pips (see 5 & 6) I know no shorts @ .100 no longs @.900 But can we trade the .000 level?

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Quoting scottik187

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{quote} Just make sure you stick to all the other rules of the system. At 10pip TP you only need 1 trade per day to hit the profit target of 2%. Trade like you're trading a large but realistic account, I use Udines example of a $20k account, you'd be risking $400 a trade @2% risk, so I think of it like that. One good trade per day that ticks all the boxes should be easy enough to find, the challenge is remaining patient and waiting for the setup and momentum.

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Quoting Rparm

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Has anyone successfully experimented with 10 pip stop loss and 10 pip take profit? I've been trying to find an answer on this forum no luck yet, sorry if this question has been previously asked!

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Quoting bubincka

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I have subscribed to this error ... it happens to me all over again.... GJ -10 SL, and this time nobody can say there wasn't trend {image}

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Quoting bubincka

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I have subscribed to this error ... it happens to me all over again.... GJ -10 SL, and this time nobody can say there wasn't trend {image}

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Quoting Masterrmind

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{quote} Unfortunately clear error in judgement in terms of PA. Start left of screen back as far as Tokyo Open -1hour and feel what PA is doing as it weaves its way towards London Open. What do you see? What happens very often after FF session .... price changes direction...yes?! You got caught right smack bang in the middle of the reversal...simple as that! Advise: Avoid trading this close to the DO and also at the start of London when PA loves to change direction...it might save you hundreds of potential losses. Good Trading! Masterrmind..............

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Quoting Udine

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{quote} that loss could have been prevented.... you traded the 2nd level, not the first 00 level.. Udine

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Quoting bubincka

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{quote} Hi MM thanks for your valuable comments. Anyway after the double top @ 173.000 I though a rundown was began. I must reflect upon your words and take this pair carefully at LO.

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