As simple as possible: 00 level trading | Page 1371 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

As simple as possible: RENKO M5 trading 75 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple Level Trading 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #27,401
  • Mar 12, 2015 3:09am Mar 12, 2015 3:09am
Quoting firewight
{quote} The only difference I can see is you set your orders for the opening of the hourly candle, not the next 30 min candle (as discussed a few pages back)... Whats even more annoying is now most of those losses have past the TP points...

Wrong !!

look at when I got in and when you did..

I got in after the color changes, you 1 candle later.... and too late..

You only must trade the color changes and you will do fine... Keep it simple

Udine
Sleep less, live fast, as it aint gonna last
  • #27,402
  • Mar 12, 2015 3:18am Mar 12, 2015 3:18am
Quoting Udine
{quote} Should be 0,5,4,3,0,1 Udine Sorry LuXing, did not see your post, nice trading by the way
Hi Udine, sorry to ask since there is a little bit of confusion along the thread about ASH settings.
Are you using the MTF ASH on M30 chart but with H1 reference using above value (0,5,4,3,0,1), or you are using the non-MFT ASH version on M30 ? Related result will be quite different.

Ty
Regards,
Skyline
  • #27,403
  • Mar 12, 2015 3:18am Mar 12, 2015 3:18am
Quoting Udine
{quote} Wrong !! look at when I got in and when you did.. I got in after the color changes, you 1 candle later.... and too late.. You only must trade the color changes and you will do fine... Keep it simple Udine
I'll take your word for it mate, but I dont see those colour changes on your charts...
Life is like a snickers, its full of nuts!
  • #27,404
  • Mar 12, 2015 3:21am Mar 12, 2015 3:21am
Udine nice to see you are back, what you teched me has improved my trading in 100%.
1. first keep it simple i only trade the EURJPY, If you cant be profitable in one pair what makes you think you can be on 28? um
2. I only trade the london open
3. I go for that 1% daily
4. I use 00 levels for entrys and exits
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12 MARCH LONDON OPEN.png Size: 91 KB
Click to Enlarge Name: 12 MARCH TARGET HIT +21 PIPS.png Size: 88 KB
FREEDOM IS NOT FREE
  • #27,405
  • Mar 12, 2015 3:21am Mar 12, 2015 3:21am
Quoting firewight
{quote} I'll take your word for it mate, but I dont see those colour changes on your charts...
Hi Fire,

Look back to 27391, Udine gave an explanation.

Rapid
  • #27,406
  • Mar 12, 2015 3:23am Mar 12, 2015 3:23am
Quoting skyline
{quote} Hi Udine, sorry to ask since there is a little bit of confusion along the thread about ASH settings. Are you using the MTF ASH on M30 chart but with H1 reference using above value (0,5,4,3,0,1), or you are using the non-MFT ASH version on M30 ? Related result will be quite different. Ty Regards, Skyline

Hi Skyline,

no problem

Use the NON-MTF ASH on the 30M chart

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #27,407
  • Mar 12, 2015 3:24am Mar 12, 2015 3:24am
Quoting firewight
{quote} I'll take your word for it mate, but I dont see those colour changes on your charts...

REAR MY POST 27.391 !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #27,408
  • Mar 12, 2015 3:24am Mar 12, 2015 3:24am
Quoting rapidedward
{quote} Hi Fire, Look back to 27391, Udine gave an explanation. Rapid

Sorry Rapid,

you were faster than this old fart

Udine
Sleep less, live fast, as it aint gonna last
  • #27,409
  • Mar 12, 2015 3:26am Mar 12, 2015 3:26am
Udine thank you , thank you, thank you, I was always looking for a girlfriend with lots of money, I found her her name is EURJPY, jajajajajajajj Stick to the same pair every day and you will start to feel the pair just like your wife!!! good luck done for the day +21 pips, Thank you Udine
FREEDOM IS NOT FREE
  • #27,410
  • Mar 12, 2015 3:29am Mar 12, 2015 3:29am
Quoting Udine
{quote} REAR MY POST 27.391 !!! Udine
I did read it but I was looking at GU and couldn't see a reason when I posted, sorry.

I do see that GJ, EU & EJ all passed the DO line and would have changed from red to green.
Life is like a snickers, its full of nuts!
  • #27,411
  • Mar 12, 2015 3:30am Mar 12, 2015 3:30am
Quoting tantor1973
Udine nice to see you are back, what you teched me has improved my trading in 100%. 1. first keep it simple i only trade the EURJPY, If you cant be profitable in one pair what makes you think you can be on 28? um 2. I only trade the london open 3. I go for that 1% daily 4. I use 00 levels for entrys and exits {image} {image}

Tantor,

great to hear you are doing well.

Take what you can use as long as you improve your profitability, that is in the end all that matters..

there are many roads that lead to green pip country

Udine
Sleep less, live fast, as it aint gonna last
  • #27,412
  • Mar 12, 2015 3:32am Mar 12, 2015 3:32am
Quoting firewight
{quote} I did read it but I was looking at GU and couldn't see a reason when I posted, sorry. I do see that GJ, EU & EJ all passed the DO line and would have changed from red to green.

So the question now..

do you understand your entries on the EU,EJ and GJ were 1 candle too late??

otherwise you would have had 3 winners instead of 3 losers

and the GU was no entry, as there was no colorchange = no entry

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #27,413
  • Mar 12, 2015 3:40am Mar 12, 2015 3:40am
Quoting Udine
{quote} So the question now.. do you understand your entries on the EU,EJ and GJ were 1 candle too late?? otherwise you would have had 3 winners instead of 3 losers and the GU was no entry, as there was no colorchange = no entry Cheers Udine
Yes I do understand, however I was confused because your post #27,203 the other day which had no colour changes and were being taken on the 2nd 30min candle, thats what I was attempting to follow today...
Life is like a snickers, its full of nuts!
  • #27,414
  • Mar 12, 2015 4:05am Mar 12, 2015 4:05am
Quoting Udine
{quote} Hi Skyline, no problem Use the NON-MTF ASH on the 30M chart cheers Udine
Ok Thank you , will do !

Btw what I have find is crucial to the success of this strategy (also in a scenario where an EA could be done based on your strategy which i'm working on ) is to find a broker which has very low spread and also important is lowest pips distance from bid allowed to place pending orders, infact there are broker with 5 (or more) pips limitation that cannot be used to trade this strategy (manually or automatically by using ea).
I see Oanda has 0 pips limitation (very good), so pending orders could be placed as near as we want from actual price but comes with not so good spread (EU around 1.5/1.8)
Any other good broker to suggest (low spread and 0 pips limitations) ?

Ty
Cheers,
Skyline
  • #27,415
  • Mar 12, 2015 4:14am Mar 12, 2015 4:14am
Quoting skyline
{quote} Ok Thank you , will do ! Btw what I have find is crucial to the success of this strategy (also in a scenario where an EA could be done based on your strategy which i'm working on ) is to find a broker which has very low spread and also important is lowest pips distance from bid allowed to place pending orders, infact there are broker with 5 (or more) pips limitation that cannot be used to trade this strategy (manually or automatically by using ea). I see Oanda has 0 pips limitation (very good), so pending orders could be placed as near...
I've also built an EA for this, busy testing it on a demo at the moment. My only concern is that there is a lot of discretion that comes in with this method, that an EA can't do for you, so it may not be profitable based on that. But will see how it goes.

I'm just building the EA for fun.. I will trade manually in demo and in live, as I think the key to this is as diallist said... you need spend the time to learn the "skill" of implementing this strategy consistently, and an EA can't teach you that.

Vlad
  • #27,416
  • Mar 12, 2015 4:19am Mar 12, 2015 4:19am
Quoting Vlad13685
{quote} I've also built an EA for this, busy testing it on a demo at the moment. My only concern is that there is a lot of discretion that comes in with this method, that an EA can't do for you, so it may not be profitable based on that. But will see how it goes. I'm just building the EA for fun.. I will trade manually in demo and in live, as I think the key to this is as diallist said... you need spend the time to learn the "skill" of implementing this strategy consistently, and an EA can't teach you that. Vlad
Hi Vlad,
well looking at first post rules there's not so much discretion left that I can see, all rules are set quite clearly , and i have already coded most of those rules (burpees apart lol), my only concern right now is to find a good broker to use with.

Cheers,
Skyline
  • #27,417
  • Mar 12, 2015 4:20am Mar 12, 2015 4:20am
Quoting skyline
{quote} Ok Thank you , will do ! Btw what I have find is crucial to the success of this strategy (also in a scenario where an EA could be done based on your strategy which i'm working on ) is to find a broker which has very low spread and also important is lowest pips distance from bid allowed to place pending orders, infact there are broker with 5 (or more) pips limitation that cannot be used to trade this strategy (manually or automatically by using ea). I see Oanda has 0 pips limitation (very good), so pending orders could be placed as near...
@Skyline.

PM.

LuXing
Wisdom begins in wonder
  • #27,418
  • Mar 12, 2015 4:29am Mar 12, 2015 4:29am
Quoting skyline
{quote} Hi Vlad, well looking at first post rules there's not so much discretion left that I can see, all rules are set quite clearly , and i have already coded most of those rules (burpees apart lol), my only concern right now is to find a good broker to use with. Cheers, Skyline
Ok cool I'm sure there must be a function we can create to enforce burpees! Will get on it! Haha

I don't think we can discuss Brokers in this thread but I think that is why LuXing is asking for the PM.

Vlad
  • #27,419
  • Mar 12, 2015 4:34am Mar 12, 2015 4:34am
Trade #3 EU to TP

Dobbsie
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 53 KB
  • #27,420
  • Mar 12, 2015 4:34am Mar 12, 2015 4:34am
Skyline, have sent you a PM regarding brokers.

GU to TP. Got in late, but saw clear momentum.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
Wisdom begins in wonder
32 traders viewing now