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As simple as possible: 00 level trading

  • #20,261
  • Edited 11:13am Oct 24, 2014 10:53am | Edited 11:13am
Quoting Alorente
Can someone be good enough to explain to me what cells are supposed to be filled out on the Excel supplied by Udine? I fill out all the cells in the Daily Fills tab, but it doesnīt update the main body of the spreadsheet. I would appreciate the help. Thanks. {file}
Hi Alorente,
That spreadsheet comes with some errors on the first sheet (missing rows of formulas). I posted my corrected version (#7552332) and later added more fields in the "daily input" in order to calculate MAE/MFE etc. The thing is that - after more than 200 trades, most of them with these 4 "Udine" pairs, the overall result for me comes out at ~BE, but wait till you include commissions....
You have to SEE and FEEL those pairs - in other words with a lot of experience ( and maybe with the help of your indi) you can pull it off.

If you have any issues with that spreadsheet feel free to let me know.
  • #20,262
  • Oct 24, 2014 11:06am Oct 24, 2014 11:06am
#11 NU BE went up to +3.6 but refused to close TP, so BE.

It is after noon in NY so end of day. Nice weekend to all.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD2+M15.png Size: 43 KB
  • #20,263
  • Oct 24, 2014 11:08am Oct 24, 2014 11:08am
Quoting snail69
{quote}
Hello snail69,

Thank you very much for this quote.....
  • #20,264
  • Oct 24, 2014 12:29pm Oct 24, 2014 12:29pm
Quoting flx69
Trade #6 o/t day: NU to SL. flx69 {image}
Hi flx69
What's arrows on your chart. What is an indicator? Could you share it? What does it show you? So many questions I'm sorry ))))
Thanks in advance.

Gene.
  • #20,265
  • Oct 24, 2014 2:19pm Oct 24, 2014 2:19pm
Quoting brucech
Alorente, Would you mind clarifying what you mean by following Udine's system with only the addition of the Top 8 Trender? Do you mean that both the H1 and D1 candles are the same color as the color of that pair in the Top 8 Trender? Then you will set the entry at the 00 level in the same direction of the color? Or are you saying that you are basing your entry on the 00 level based on the Top 8 Trender color irrespective of the color of the H1 or D1 on the chart? Thanks for your contribution. Bruce {quote}
I am using Top 8 as an additional filter to the rules as set up by Udine. So, for example, if a pair is green in the Top 8 Daily column, I will enter only long, but only when the H1 and D1 are also green. I am not changing any rules, just adding one. Why? because over my 30 years of trading, I have gotten burnt too many times trading against a major trend. I think Countertrend trading is a losing proposition over time. After all, even an expert swimmer will admit that it is easier swimming downstream than upstream. Forex is hard enough... Why make it harder on yourself? The trend is your BEST friend...
Observation is the path to discovery.
  • #20,266
  • Oct 24, 2014 2:36pm Oct 24, 2014 2:36pm
Quoting Go5
{quote} Hi Alorente, That spreadsheet comes with some errors on the first sheet (missing rows of formulas). I posted my corrected version (#7552332) and later added more fields in the "daily input" in order to calculate MAE/MFE etc. The thing is that - after more than 200 trades, most of them with these 4 "Udine" pairs, the overall result for me comes out at ~BE, but wait till you include commissions.... You have to SEE and FEEL those pairs - in other words with a lot of experience ( and maybe with the help of your indi) you can pull it off. If...
Thanks. I would appreciate if you direct me to the corrected version of the spreadsheet.

There is always discretion with any system. You cannot enter exclusively by the rules of the system, without any personal input and expect to be consistently profitable. You have to pick your battles and you have to know which ones offer the highest probabilities. I have 5 trade winners in a row in two days (One bonus this afternoon), but I would not be truthful if I said that I only followed the rules. Experience is an invaluable ally. I had 10 good choices this morning at the London Open and I chose the 6 I considered the most likely to get to TP. Once the best 6 where selected and the stop orders placed, I let THEM prove to me which 2 were the hottest today. Once they were opened, I cancelled the other 4 orders. It took less than 15 minutes to get them to TP.
Observation is the path to discovery.
  • #20,267
  • Oct 24, 2014 3:36pm Oct 24, 2014 3:36pm
Quoting Alorente
{quote} Thanks. I would appreciate if you direct me to the corrected version of the spreadsheet. There is always discretion with any system. You cannot enter exclusively by the rules of the system, without any personal input and expect to be consistently profitable. You have to pick your battles and you have to know which ones offer the highest probabilities. I have 5 trade winners in a row in two days (One bonus this afternoon), but I would not be truthful if I said that I only followed the rules. Experience is an invaluable ally. I had 10 good...
Shure, here's the link:
http://www.forexfactory.com/showthre...32#post7552332

You can use this as intended by its creator (jmflukeiii ) - using the daily fills typing in all the numbers and then you have to go to the main page and fill in the date (I changed the format to EU-style): that pulls the necessary data into the main sheet.
Alternatively you can use my "import" addition with the aid of the P4L order history script
http://www.forexfactory.com/showthread.php?t=46668 , which generates a csv file with the data to be copied/pasted into the import sheet. I also added extra columns for MAE/MFE, session, remarks, snapshot links etc. You can see all this in my version of the spreadsheet.
If you happen to come up with any suggestions - please shoot!

Happy week end
  • #20,268
  • Oct 24, 2014 6:32pm Oct 24, 2014 6:32pm
Quoting snail69
{quote} Ah, this. I had this "freezing" issue also before, but may be now even more serious. Problem ? xADR indi. Switched to one attached. 5 days ADR. {file} {file}
Dear all,

FYI - my MT4 froze last thursday. I also removed xADR renko indicator. Looks much better since.

I am looking for an alternative,
  • #20,269
  • Oct 24, 2014 10:15pm Oct 24, 2014 10:15pm
Quoting Alorente
{quote} I am using Top 8 as an additional filter to the rules as set up by Udine. So, for example, if a pair is green in the Top 8 Daily column, I will enter only long, but only when the H1 and D1 are also green. I am not changing any rules, just adding one. Why? because over my 30 years of trading, I have gotten burnt too many times trading against a major trend. I think Countertrend trading is a losing proposition over time. After all, even an expert swimmer will admit that it is easier swimming downstream than upstream. Forex is hard enough......
Wise words, well stated!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #20,270
  • Oct 24, 2014 10:23pm Oct 24, 2014 10:23pm
Quoting totowah
{quote} Dear all, FYI - my MT4 froze last thursday. I also removed xADR renko indicator. Looks much better since. I am looking for an alternative,
Quoting snail69
{quote} Ah, this. I had this "freezing" issue also before, but may be now even more serious. Problem ? xADR indi.

---------------------------------------------
Switched to one attached. 5 days ADR. {file} {file}
--------------------------------------------


as written before.....
  • #20,271
  • Oct 24, 2014 11:09pm Oct 24, 2014 11:09pm
Question for people who have been consistently profitable with this system:

Do you have any personal tweaks you've added or used to achieve a good win rate with this system?
  • #20,272
  • Oct 24, 2014 11:11pm Oct 24, 2014 11:11pm
Quoting totowah
{quote} Dear all, FYI - my MT4 froze last thursday. I also removed xADR renko indicator. Looks much better since. I am looking for an alternative,

I had the same problem. I read earlier in the thread that if you click the D1 timeframe before loading up your template or the indicator you should be fine. Worked for me!
  • #20,273
  • Oct 25, 2014 5:05am Oct 25, 2014 5:05am
Quoting musicant
{quote} Hi flx69 What's arrows on your chart. What is an indicator? Could you share it? What does it show you? So many questions I'm sorry )))) Thanks in advance. Gene.
The arrows on my chart - which didnīt help avoid a loss - are just one of many indicators I play around with.
This particular one was from a system called "the dynamic gains system".
It supposedly gives confirmation on buy/sell. The indicator was posted over 2 years ago by an Italian guy and you can find it yourself on google.

Hope that answers all your questions.

flx69
  • #20,274
  • Oct 25, 2014 6:23am Oct 25, 2014 6:23am
Quoting Go5
{quote} Shure, here's the link: http://www.forexfactory.com/showthre...32#post7552332 You can use this as intended by its creator (jmflukeiii ) - using the daily fills typing in all the numbers and then you have to go to the main page and fill in the date (I changed the format to EU-style): that pulls the necessary data into the main sheet. Alternatively you can use my "import" addition with the aid of the P4L order history script http://www.forexfactory.com/showthread.php?t=46668...
Go5, I sent you a PM.
Observation is the path to discovery.
  • #20,275
  • Oct 25, 2014 6:41am Oct 25, 2014 6:41am
Quoting flx69
{quote} The arrows on my chart - which didnīt help avoid a loss - are just one of many indicators I play around with. This particular one was from a system called "the dynamic gains system". It supposedly gives confirmation on buy/sell. The indicator was posted over 2 years ago by an Italian guy and you can find it yourself on google. Hope that answers all your questions. flx69
Thank you for your answer. Off course I'll be able to find it.
  • #20,276
  • Oct 25, 2014 8:53am Oct 25, 2014 8:53am
Hello there,

i have downloaded the http://assets.forexfactory.net/images/attach/zip.gif WUKAR TRADING.zip file and i have copy\paste indicitators experts and template into my MT4 program files folder.

When i open my MT4 (IC markets platform) it runs PERFECT, and when i am trying to import the template 00 my MT4 crashes

I am on WINDOWS 7.

Anyone with the same problem ?

thank you ! this thread has been a true inspiration !

Stay green
'Simplicity is the ultimate sophistication'
  • #20,277
  • Oct 25, 2014 10:33am Oct 25, 2014 10:33am
Thanks Alorente, I thought that is what you were saying, but I wanted to make sure so others would know that is what you really meant.

Thanks again for your response.

Bruce


Quoting Alorente
{quote} I am using Top 8 as an additional filter to the rules as set up by Udine. So, for example, if a pair is green in the Top 8 Daily column, I will enter only long, but only when the H1 and D1 are also green. I am not changing any rules, just adding one. Why? because over my 30 years of trading, I have gotten burnt too many times trading against a major trend. I think Countertrend trading is a losing proposition over time. After all, even an expert swimmer will admit that it is easier swimming downstream than upstream. Forex is hard enough......
  • #20,278
  • Oct 26, 2014 3:27am Oct 26, 2014 3:27am
Quoting totowah
{quote} Dear all, FYI - my MT4 froze last thursday. I also removed xADR renko indicator. Looks much better since. I am looking for an alternative,
Had the same problem few days ago.
Just downladed MT4 instalation file from my broker and instaled it again. No need to add indicators, EAs and so on.
All is working as befor frezz.
  • #20,279
  • Oct 27, 2014 1:52am Oct 27, 2014 1:52am
Quoting demarko7
Hello there, i have downloaded the {image} WUKAR TRADING.zip file and i have copy\paste indicitators experts and template into my MT4 program files folder. When i open my MT4 (IC markets platform) it runs PERFECT, and when i am trying to import the template 00 my MT4 crashes I am on WINDOWS 7. Anyone with the same problem ? thank you ! this thread has been a true inspiration ! Stay green
Yes.

1. Download history of currency crosses in the history center
2. Open a chart, before applying the template dial down from MTF D1 to M5
3. Apply template, it should work

flx69
  • #20,280
  • Oct 27, 2014 2:29am Oct 27, 2014 2:29am
good morning all,

new week, new day, new profits ahead..

enjoy the ride..

Udine
Sleep less, live fast, as it aint gonna last
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