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As simple as possible: 00 level trading

  • #27,221
  • Mar 9, 2015 12:32pm Mar 9, 2015 12:32pm
Quoting RoneyFX
{quote} A lot ahah(seriously)!! {image} Seems to work as expected, i open orders five minutes before the next H1 sequence and close all pending at :30, my goal is 500 trades in demo to analyze all losses and improve current 75% ratio success to 80%+, after this work i will share all my modification and results. now the question is no longer how to earn, or how not to lose ... But how much gain Grazie a te riuscir a fare soldi serii

de niente,

cuando sei in Udine, tu paga la prima birra

Udine
Sleep less, live fast, as it aint gonna last
  • #27,222
  • Mar 9, 2015 12:34pm Mar 9, 2015 12:34pm
Quoting Robinho
{quote} Roney good afternoon,, could leave this indicator? grateful
No problem, its in Udine zipped files
Attached File(s)
File Type: ex4 i-Profit Tracker-Fixed.ex4   11 KB | 415 downloads
File Type: mq4 i-Profit Tracker-Fixed.mq4   17 KB | 501 downloads
  • #27,223
  • Mar 9, 2015 12:35pm Mar 9, 2015 12:35pm
Quoting Udine
{quote} de niente, cuando sei in Udine, tu paga la prima birra Udine
Scherzi, pago tutto il seratone donne comprese ahahah
  • #27,224
  • Mar 9, 2015 12:52pm Mar 9, 2015 12:52pm
Quoting RoneyFX
{quote} No problem, its in Udine zipped files {file} {file}
thank you very much
  • #27,225
  • Mar 9, 2015 1:12pm Mar 9, 2015 1:12pm
Quoting RoneyFX
{quote} Scherzi, pago tutto il seratone donne comprese ahahah

la birra basta

Udine
Sleep less, live fast, as it aint gonna last
  • #27,226
  • Mar 9, 2015 1:44pm Mar 9, 2015 1:44pm
Quoting dforant1
{quote} London definitely capable of multiple candle runs consistently. When NY opens it can take awhile to sort itself out. I take every trade opening new hour unless in a run already. It's easy to see the History in H1 candles. Just running the chart back instills reward. It's quite repetitive. H4 can be rewarding also and obviously easier sleep wise but can have some real low weeks. The Law of Probability works best in London when especially first couple hours when Bulls and Bears are pushing hard. There are more productive pairs same time than...
Hey dforant1, thanx for your insights

I was wondering what is your entry method. Do you use Udines rules? Or do you use other criteria

Thanks for any reply
  • #27,227
  • Mar 9, 2015 2:09pm Mar 9, 2015 2:09pm
Quoting RoneyFX
{quote} A lot ahah(seriously)!! {image} Seems to work as expected, i open orders five minutes before the next H1 sequence and close all pending at :30, my goal is 500 trades in demo to analyze all losses and improve current 75% ratio success to 80%+, after this work i will share all my modification and results. now the question is no longer how to earn, or how not to lose ... But how much gain Grazie a te riuscir a fare soldi serii
Hi Roney,

Did you mean to say you place pending orders five seconds before the next H1 and close untriggered pending orders at 30 minutes past the hour? Or did you really mean five minutes?

Forgive me for asking, but is there a reason your leverage is so high? Seven full lots on an 11,000 account strikes me as gambling unless you have supreme confidence in your method.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,228
  • Mar 9, 2015 2:54pm Mar 9, 2015 2:54pm
Quoting dunlop432
{quote} Hey dforant1, thanx for your insights I was wondering what is your entry method. Do you use Udines rules? Or do you use other criteria Thanks for any reply
Open: Pending order 00 hor line. Above open line all long, below shorts. H1. 11 pip stop loss. Protect Capital 11 pips. HHHL LLLH exit in run or after 1st candle. Or next candle color change close. Have no faith in indicators. Living in past. Price rules. Law of Probability. 1-2 large runs >3 candles per week close the deal.
  • #27,229
  • Mar 9, 2015 3:17pm Mar 9, 2015 3:17pm
Quoting diallist
{quote} Hi Roney, Did you mean to say you place pending orders five seconds before the next H1 and close untriggered pending orders at 30 minutes past the hour? Or did you really mean five minutes? Forgive me for asking, but is there a reason your leverage is so high? Seven full lots on an 11,000 account strikes me as gambling unless you have supreme confidence in your method. Dial
Hi, i start placing my orders five minutes before, i do it to get everything ready and i also get operations that otherwise could be missing.
Yes, all remaining pending orders i close after 30 min, because probably the price has gone elsewhere and if the operation opens at >30min, probably for the next hour it still be opened when the new round has to start clean(this is my system mod)

The reason why i use leverage so high (1: 500) it is because we are talking about fixed 100 Points SL.
Using 7 Lots at 11K capital, i risk and avg of 5% per trade and i can open up 8 trades, i do not have a special forex calculator i look only at transactions history to select the best mix, i have intention to use only 10 non-ripetitive pairs and open max 5 operations together, this will not burn my account.

all i do is testing aiming at the best, if doesn't work i try to be gradually more modest looking at what will be the long-term results, honestly using this criteria i do a lot of faults and i learn more and more things
  • #27,230
  • Mar 9, 2015 3:37pm Mar 9, 2015 3:37pm
Quoting RoneyFX
{quote} Hi, i start placing my orders five minutes before, i do it to get everything ready and i also get operations that otherwise could be missing. Yes, all remaining pending orders i close after 30 min, because probably the price has gone elsewhere and if the operation opens at >30min, probably for the next hour it still be opened when the new round has to start clean(this is my system mod) The reason why i use leverage so high (1: 500) it is because we are talking about fixed 100 Points SL. Using 7 Lots at 11K capital, i risk and avg of 5% per...
Hi Roney, and thank you for the detailed reply.

By placing your pending orders so early I'm sure, from my own experience, that some of your trades trigger before the new H1 begins. I have found this to be often detrimental, resulting in losing what would have otherwise been a winning trade. Has that been your experience as well? Or does it simply not concern you?

I ask because you are doing so well and I want to understand exactly what you are doing.

Thanks!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,231
  • Mar 9, 2015 4:14pm Mar 9, 2015 4:14pm
Quoting diallist
{quote} Hi Roney, and thank you for the detailed reply. By placing your pending orders so early I'm sure, from my own experience, that some of your trades trigger before the new H1 begins. I have found this to be often detrimental, resulting in losing what would have otherwise been a winning trade. Has that been your experience as well? Or does it simply not concern you? I ask because you are doing so well and I want to understand exactly what you are doing. Thanks! Dial
I did a quick test of the story before making this decision realizing that there would be no problems, and that the ratio of win / loss would not be changed, if you're in doubt, run some tests you will see that it is a small matter.
Personally I feel more proud when the operation opens a few minutes before, if there are rare cases in which it is open and immediately closed the stretch of five minutes you're sure that the relationship win / loss will always be the same, to put your heart at rest do a test in history
Attached Image
  • #27,232
  • Mar 9, 2015 5:25pm Mar 9, 2015 5:25pm
Quoting dforant1
{quote} Open: Pending order 00 hor line. Above open line all long, below shorts. H1. 11 pip stop loss. Protect Capital 11 pips. HHHL LLLH exit in run or after 1st candle. Or next candle color change close. Have no faith in indicators. Living in past. Price rules. Law of Probability. 1-2 large runs >3 candles per week close the deal.
Thanx buddy!

Really apreciate it
  • #27,233
  • Mar 9, 2015 11:04pm Mar 9, 2015 11:04pm
Quoting Udine
I was asked by PM, what risk I used today.. risk 2% as always.. cheers Udine
Just a thought on this...

With this strategy we want to avoid losses, as it takes 2 wins to make each loss up. We are targeting 10 pip... but this ultimately translates into % profit - so we are targeting 2% a day.

Would it not make sense to risk 4% to gain 2%, and get you target for the day done in 1 trade, without having to risk a 2nd trade to reach your goal?

Vlad
  • #27,234
  • Mar 10, 2015 1:42am Mar 10, 2015 1:42am
Quoting RoneyFX
{quote} I did a quick test of the story before making this decision realizing that there would be no problems, and that the ratio of win / loss would not be changed, if you're in doubt, run some tests you will see that it is a small matter. Personally I feel more proud when the operation opens a few minutes before, if there are rare cases in which it is open and immediately closed the stretch of five minutes you're sure that the relationship win / loss will always be the same, to put your heart at rest do a test in history {image}
Thank you Roney, that makes sense.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,235
  • Mar 10, 2015 1:47am Mar 10, 2015 1:47am
hi to all
please tell me what posts to read
because my english dont help me to read all 27,236 posts
but if i must read 27,236 posts ok i will doit ( need 450 days)
  • #27,236
  • Mar 10, 2015 1:53am Mar 10, 2015 1:53am
Quoting Vlad13685
{quote} Just a thought on this... With this strategy we want to avoid losses, as it takes 2 wins to make each loss up. We are targeting 10 pip... but this ultimately translates into % profit - so we are targeting 2% a day. Would it not make sense to risk 4% to gain 2%, and get you target for the day done in 1 trade, without having to risk a 2nd trade to reach your goal? Vlad
Hi Vlad,

At the risk of making you angry, which not my intent at all, I ask that you consider this. Why stop at 4%? Why not risk 20%? That way, after only one win, you gain 10% and you're done for the week! And after only four trades, which can be done in one day, you'll be done for the entire month!!

Udine is the pro here. He's making a living at this. If he says 2% per trade, then 2% per trade it is!!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,237
  • Mar 10, 2015 1:55am Mar 10, 2015 1:55am
Quoting Vlad13685
{quote} Just a thought on this... With this strategy we want to avoid losses, as it takes 2 wins to make each loss up. We are targeting 10 pip... but this ultimately translates into % profit - so we are targeting 2% a day. Would it not make sense to risk 4% to gain 2%, and get you target for the day done in 1 trade, without having to risk a 2nd trade to reach your goal? Vlad

Hi Vlad,

test it out, and let us know how it goes...

but remember its a double edged sword..

and it goes against the first rule

Udine
Sleep less, live fast, as it aint gonna last
  • #27,238
  • Mar 10, 2015 1:57am Mar 10, 2015 1:57am
Quoting dimdel
hi to all please tell me what posts to read because my english dont help me to read all 27,236 posts but if i must read 27,236 posts ok i will doit ( need 450 days)
In case your english is a problem, read the rules, and watch all charts...

in the meantime read the thread, and you will gain two things:
1. to improve your english
2. understand the system better

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #27,239
  • Mar 10, 2015 2:02am Mar 10, 2015 2:02am
Quoting diallist
{quote} Hi Vlad, At the risk of making you angry, which not my intent at all, I ask that you consider this. Why stop at 4%? Why not risk 20%? That way, after only one win, you gain 10% and you're done for the week! And after only four trades, which can be done in one day, you'll be done for the entire month!! Udine is the pro here. He's making a living at this. If he says 2% per trade, then 2% per trade it is!!
Fair enough

It was just a thought... I think it would also weigh heavily on my psychology (and therefore negatively impact my trading) knowing so much is as risk.

Quote
Hi Vlad,

test it out, and let us know how it goes...

but remember its a double edged sword..

and it goes against the first rule

Udine

I think I will pass... too chicken! haha

Rather keep it simple!
  • #27,240
  • Mar 10, 2015 2:03am Mar 10, 2015 2:03am
Quoting Udine
{quote} In case your english is a problem, read the rules, and watch all charts... in the meantime read the thread, and you will gain two things: 1. to improve your english 2. understand the system better cheers Udine

ok thanks anyway
yes is a good idea to practice my english
but my friend
I wanted to read more quickly before get out of the Euro ( greece)
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