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As simple as possible: 00 level trading

  • #28,901
  • Mar 28, 2015 1:35am Mar 28, 2015 1:35am
Quoting RoneyFX
This week in M1 (2% risk) {image} i want to explain what i do: 1.Time frame M1 2.D1 H1 Candle 3.Technical analysis for levels of resistance / support to skip bad trades When we have a change put frist order, if you get TP or SL continue to put orders above(for long) at 05 lvl to the next change and stop the round. do not start doing it now. Make at least 1 month in the history of test to see if it work for you
Thank you for sharing
  • #28,902
  • Mar 28, 2015 2:44am Mar 28, 2015 2:44am
1 min trading has NO PLACE in Udines method ....... recipe for disaster IMO Q
Whats That? you're trading What?
  • #28,903
  • Mar 28, 2015 3:34am Mar 28, 2015 3:34am
Quoting ericjschroed
{quote} Hi, Skyline. I see you are a programmer. I am too. I hope you will not give away your EA when it is successful. I do not think anyone who comes here and is not willing to do the work or pay, they should not get such a gift. If you plan to sell it, that would be better. Mine is running nicely and will soon be linked to my Dashboard which is available for subscription for those who cannot trade due to time or are struggling with this method.
Quoting ericjschroed
{quote} Since I can't PM, I'll reply here. You can post whatever you want to, but please do not give too much away. There are way too many people that come into Forex wanting to be spoon-fed everything so they can get rich without thinking or doing any work. My dashboard is pretty good now, and with this next addition, I expect it to increase in accuracy (after testing), but it is not free. Why? Because A) it has been a lot of work, B) if I can get enough subscribers so I don't need to worry about a day job, I can focus more on trading and...
Eric,

Your two posts above referred

Like Ronwalt replied you in post 27187, the spirit of the thread is to help and share, and not to commercialize

It seems you are 'too' desperate about this commercializing stuff

Udine started with $200 check post 28315 http://www.forexfactory.com/showthre...33#post8156433. You can do same


You do not necessarily have to depend on traders here for the money you need to quit your day's job

You should be contented with those of us that are willing to subscribe and are subscribing to your Dashboard

You do not need to tell coders that are willing to share their EAs not to do so. To me that is selfishness of the highest order. It was great SwingMan did not listen to you. And I hope Skyline will not either.
Great coders in FF like RR(Ronald Raygun), Stevehopwood(when he was still here), FeruxFx, GVC, Seller9 and many others gave freely in the spirit of helping and Sharing.

If Udine had not given the system/strategy freely what would you have coded?
  • #28,904
  • Mar 28, 2015 5:05am Mar 28, 2015 5:05am
Quoting Godwin Igili
{quote} {quote} Eric, Your two posts above referred Like Ronwalt replied you in post 27187, the spirit of the thread is to help and share, and not to commercialize It seems you are 'too' desperate about this commercializing stuff Udine started with $200 check post 28315 http://www.forexfactory.com/showthre...33#post8156433. You can do same You do not necessarily have to depend on traders here for the money you need to quit your day's job You should be contented with those of us that are willing to subscribe and are subscribing...
Excellent reply Godwin Igili, i can fully subscribe this!

@ Eric, with your post i think you crossed a line, it certainly isn't in line with the spirit of this thread.
Persistence will get it. Consistency will keep it.
  • #28,905
  • Mar 28, 2015 6:05am Mar 28, 2015 6:05am
Quoting ericjschroed
{quote} Hi, Skyline. I see you are a programmer. I am too. I hope you will not give away your EA when it is successful. I do not think anyone who comes here and is not willing to do the work or pay, they should not get such a gift. If you plan to sell it, that would be better. Mine is running nicely and will soon be linked to my Dashboard which is available for subscription for those who cannot trade due to time or are struggling with this method.

I am sorry Eric, Eric, but I must say something.

I am really sad to see your statement above!!!! Our dear friend Udine has given away freely his successful strategy..... Not looking to live off or make money from fellow traders, but instead to help other traders to be successful. And yet you have taken it and made a DB from his success.... and then sell the use of that DB using Udine's strategy for a monthly subscription..... Swingman has combined Udine's strategy Indicators in a signal type indicator.... He too is seeking no payment for it.... others also have freely contributed... And now Skyline comes along developing an EA for Udine's successful strategy and not asking for anything.... but... but .... Eric, Eric why interject you seemly selfish concern that he not share it freely here. And why because it would possible effect potential income from your soon to be offered EA! Why is it necessary to discourage others here to offer anything they have freely?? I have really appreciated the many contributors and specially Udine... who has not asked for payment but instead encouraged others that they too can make money from trading Forex. And not from fellow Forex Traders.

I suggest, in the spirit of the starter of this thread, that you desist from discouraging the free spirit of helping fellow traders. And also desist from advertising your use of Udine's successful strategy for subscription on this thread. It just doesn't agree with the spirit of freely helping fellow trades be successful.

Bruce
  • #28,906
  • Mar 28, 2015 6:12am Mar 28, 2015 6:12am
Hi, I just wanted to show my weeks results. I have only taken basic level 1 trades on EJ/GJ/EU/GU from Frankfurt open until London close. I like the fast in and out of this strategy. Longest trade was 14 minutes.
+42.7 pips


- After analysing I need to improve a few things, looking at pivots for instance. It would have stopped me from entering the GU trade that went to SL.

- I missed ranging candles before the GJ loss I had.


Q - About the pivots - I guess we don't want the pivot line to be between pending open and takeprofit? But do we need further distance in pips between takeprofit and pivot level?


Would you call this week an easy, hard or average week trading the level 1? It would be nice to hear from traders running this a longer time.




http://i60.tinypic.com/34y7a0x.jpg
  • #28,907
  • Mar 28, 2015 6:44am Mar 28, 2015 6:44am
Quoting Qed
1 min trading has NO PLACE in Udines method ....... recipe for disaster IMO Q
Why?
  • #28,908
  • Mar 28, 2015 10:47am Mar 28, 2015 10:47am
Quoting LFN
Hi, I just wanted to show my weeks results. I have only taken basic level 1 trades on EJ/GJ/EU/GU from Frankfurt open until London close. I like the fast in and out of this strategy. Longest trade was 14 minutes. +42.7 pips - After analysing I need to improve a few things, looking at pivots for instance. It would have stopped me from entering the GU trade that went to SL. - I missed ranging candles before the GJ loss I had. Q - About the pivots - I guess we don't want the pivot line to be between pending open and takeprofit? But do we need further...
very good results!
  • #28,909
  • Mar 28, 2015 11:30am Mar 28, 2015 11:30am
Thank you all for your replies. I apologize if some of you did not understand my true meaning. I have no objection for SkyLine to sell the EA, I just don't think it should be given away to lazy people who do not want to learn trading and want everything given to them for free. That is all I meant. I have given away many indicators, EAs and scripts, and was very frustrated when I got locked out as a commercial member so I could not help anyone with questions about all my free stuff. I still can't reply in some topics where people have asked for my help, and I can't PM either. I coded many of the indicators for Udine's earlier systems and for Dreddings systems. I modified the M-CandleSW1 that most of you are using. I coded the Wukar_Trail 1.3.2 that many of you are using. Did I charge for that? No. But people seem to forget how much I did for free, simply because I am selling my dashboard. I am only selling this dashboard because of the huge amount of work that went into it. And for those who think I am trying to get rich from it, I have enough subscribers now to buy groceries. It is not for everyone. As one person said, most of those who can afford it don't need it, and those who need it can't afford it. Maybe in the future when I do not need a job, I might give away a Lite version of the dashboard. Also, Udine has a free, lifetime version of the dashboard because it is his system and he helped me to develop it. I have learned a lot from him over the years. I am sorry it caused this topic to get moved to commercial, but I am glad that I can post here again. My main goal is to make this dashboard and EA as automated as possible because I cannot trade the London session where I live, and I can't survive on 5 hours sleep like Udine does. If I did not need a job, I could do that, but apparently that is not going to happen very soon.
  • #28,910
  • Mar 28, 2015 12:31pm Mar 28, 2015 12:31pm
Quoting LFN
Hi, I just wanted to show my weeks results. I have only taken basic level 1 trades on EJ/GJ/EU/GU from Frankfurt open until London close. I like the fast in and out of this strategy. Longest trade was 14 minutes. +42.7 pips - After analysing I need to improve a few things, looking at pivots for instance. It would have stopped me from entering the GU trade that went to SL. - I missed ranging candles before the GJ loss I had. Q - About the pivots - I guess we don't want the pivot line to be between pending open and takeprofit? But do we need further...
Well done! You are an inspiration!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,911
  • Mar 28, 2015 2:10pm Mar 28, 2015 2:10pm
Dial --

Please check my PM. Thx.

FS
  • #28,912
  • Mar 28, 2015 2:42pm Mar 28, 2015 2:42pm
Quoting ericjschroed
Thank you all for your replies. I apologize if some of you did not understand my true meaning. I have no objection for SkyLine to sell the EA, I just don't think it should be given away to lazy people who do not want to learn trading and want everything given to them for free. That is all I meant. I have given away many indicators, EAs and scripts, and was very frustrated when I got locked out as a commercial member so I could not help anyone with questions about all my free stuff. I still can't reply in some topics where people have asked for my...
Hi,Eric
I have just saw your DASHBOARD.I think you can make it better.Like Basket EA from seller9,the EA get better and better in almost one year with many guys advise.Especially the last version,even though he just give a screenshot.
  • #28,913
  • Mar 28, 2015 4:58pm Mar 28, 2015 4:58pm
Quoting Udine
{quote} Genie, basically yes.. but there were less balls of steel than you think.. 1. having all 4 pairs side by side and watching them move identically 2. was news (from Markiteconomics.com) the news that came out was this: http://www.markiteconomics.com/Surve...91fd417b52764d and was signalled on the NewsBrk indi 3. and that made the pairs move strongly and completely in sync, I was confident enough to enter in 4 pairs... cheers Udine
Thanks for the reply Udine.

Just wondering, if those movements were caused by news, why would you trade them?

Also, this is what I really want to understand: What is your stance on taking the same signal on different pairs at the exact same time? Let's say for example, during normal market conditions (no news), EJ and GJ produced a sell signal at the same time, would you then enter both? Or just choose one? I'd love to hear your reasoning behind this as it is something I'm struggling with with my trading plan... because entering more than one at the same time on correlated pairs means we are increasing our risk if the trades don't work out.

Thanks!
  • #28,914
  • Mar 28, 2015 5:53pm Mar 28, 2015 5:53pm
pretty simple really Udine started the thread using set of rules to follow , now if you wanna alter to suit yourself fair enough, but newbies have enough trouble grasping the basics as it is IMO .
Whats That? you're trading What?
  • #28,915
  • Mar 28, 2015 6:07pm Mar 28, 2015 6:07pm
Quoting LFN
Hi, I just wanted to show my weeks results. I have only taken basic level 1 trades on EJ/GJ/EU/GU from Frankfurt open until London close. I like the fast in and out of this strategy. Longest trade was 14 minutes. +42.7 pips - After analysing I need to improve a few things, looking at pivots for instance. It would have stopped me from entering the GU trade that went to SL. - I missed ranging candles before the GJ loss I had. Q - About the pivots - I guess we don't want the pivot line to be between pending open and takeprofit? But do we need further...
  • #28,916
  • Mar 28, 2015 6:36pm Mar 28, 2015 6:36pm
Quoting ericjschroed
{quote} Hi, Skyline. I see you are a programmer. I am too. I hope you will not give away your EA when it is successful. I do not think anyone who comes here and is not willing to do the work or pay, they should not get such a gift. If you plan to sell it, that would be better. Mine is running nicely and will soon be linked to my Dashboard which is available for subscription for those who cannot trade due to time or are struggling with this method.
Hi Eric,
I understand completely your point , it's a lot of hard work done behind the scene to code/test/improve whatever EA.
There's a lot of study done to reach certain level to properly manage a programming language, I started coding mql in 2006 and still learning but think for a minute if also Udine had thougth like you to not share his system because has some value ? You never knew about 00-level trading system and you never had coded your dashboard based on, this is why I'll sharing it here for free (which I will do in a different thread and in due time) to give back and help others.
By the way , Eric don't worry my EA will not hurt your business in any way because mine is a very simple EA (only level1 coded) and maybe there could be bugs not found and I don't have so much time to improve and refine it as you'll do surely with your EA since you have a business based on it , while I'm just coding mine in my spare time

Cheers,
Skyline
  • #28,917
  • Mar 28, 2015 10:30pm Mar 28, 2015 10:30pm
Quoting skyline
{quote} Hi Eric, I understand completely your point , it's a lot of hard work done behind the scene to code/test/improve whatever EA. There's a lot of study done to reach certain level to properly manage a programming language, I started coding mql in 2006 and still learning but think for a minute if also Udine had thougth like you to not share his system because has some value ? You never knew about 00-level trading system and you never had coded your dashboard based on, this is why I'll sharing it here for free (which I will do in a different...
Spoken like a true person of character and integrity. I'm honored to know you.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,918
  • Mar 29, 2015 3:25am Mar 29, 2015 3:25am
Quoting HanSolo
Hi everyone, just discovered this wonderful thread a few weeks ago and have already had some success with it. I'm currently reading the whole thing through and am at page 100. So please forgive if I'm asking questions that have been already answered somewhat later. Couldn't wait to chime into the discussion. My first question regards rule #2: Entry ONLY the FIRST 00 level. Let's say price is at 123.55 above the daily open and all rules apply. So I put a long pending order at 123.60. With the opening of the new hour price first retests and breaches...
Just found the answer here.

Have a nice sunday everyone.
Thanks J16, Sam Seiden, Udine and Jacko
  • #28,919
  • Mar 29, 2015 8:09am Mar 29, 2015 8:09am
Quoting diallist
{quote} Spoken like a true person of character and integrity. I'm honored to know you.
Ty Diallist, too much kind with me
One of the reason that let me stay around this thread was your presence here and I was damn right because with your patience and willingness you're providing a big boost helping all of us to better understand not only Udine's strategy but also how to proper approach trading with right mindset.

Thank You Dial
Skyline
  • #28,920
  • Mar 29, 2015 8:33am Mar 29, 2015 8:33am
anyone uses cTrader for this strategy??????
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