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As simple as possible: 00 level trading

  • #29,821
  • Apr 16, 2015 12:31pm Apr 16, 2015 12:31pm
Quoting Robinho
{quote} EUR AUD Bonus + 05 pips {image}
You do not put a stop loss?
  • #29,822
  • Apr 16, 2015 12:44pm Apr 16, 2015 12:44pm
I'm in doubt here. Which one should i count on?

Attached Image
Blindly following others will make you blind!
  • #29,823
  • Apr 16, 2015 12:46pm Apr 16, 2015 12:46pm
Quoting Georgebaker
I'm in doubt here. Which one should i count on? {image}
mine is very close than your "Another Broker"
noway JPY is 9.0, unless this is using another timeframe to calculate that, because JPY right now when im posting this is 1.1, USD 0.7
  • #29,824
  • Apr 16, 2015 12:46pm Apr 16, 2015 12:46pm
Quoting RonD
Nice trading Robinho, I'm a new member to fxfactory, every post I made need to be cleared, so my question sometimes got piled up behind. sorry if I post this again. I'm new to meta trader, and just finished setting up my template for this method. Question tho, how do you put in your order so quick? and on multiple pairs? Thks Ron
RonD,
Most of us use scripts to put an order. Regarding multiple pairs trading, you can easily drag a pair on the chart from the 'market watch' and see if there is a potential setup. Then double click on the script (or drag to the chart ) and you are all set. You need to first open the "setudinesglobals" to set the risk, sl and tp before running the other scripts. Green pips to you.
Attached File(s)
File Type: ex4 SetUdinesGlobals.ex4   5 KB | 356 downloads
File Type: ex4 UdinesGlobalInstantBUYStop50.ex4   7 KB | 393 downloads
File Type: ex4 UdinesGlobalInstantSELLStop50.ex4   7 KB | 322 downloads
  • #29,825
  • Apr 16, 2015 12:50pm Apr 16, 2015 12:50pm
Quoting Georgebaker
I'm in doubt here. Which one should i count on? {image}
"Another broker" readings look almost similar to mine..
  • #29,826
  • Apr 16, 2015 12:56pm Apr 16, 2015 12:56pm
Quoting mokuro89
{quote} mine is very close than your "Another Broker" noway JPY is 9.0, unless this is using another timeframe to calculate that, because JPY right now when im posting this is 1.1, USD 0.7
@mokuro89 - Thank you for your numbers, so another broker should be use.

I forgot to ad the ForexProfitSupreme meter, but i can just compare the two. Thanks!
Blindly following others will make you blind!
  • #29,827
  • Apr 16, 2015 12:57pm Apr 16, 2015 12:57pm
Quoting bluejack
{quote} "Another broker" readings look almost similar to mine..
@bluejack - Thanks!
Blindly following others will make you blind!
  • #29,828
  • Apr 16, 2015 1:05pm Apr 16, 2015 1:05pm
Seems ForexProfitSupreme Meter and 'Another broker' is very close to each other.

Attached Image (click to enlarge)
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Blindly following others will make you blind!
  • #29,829
  • Apr 16, 2015 1:07pm Apr 16, 2015 1:07pm
Quoting Georgebaker
{quote} @mokuro89 - Thank you for your numbers, so another broker should be use. I forgot to ad the ForexProfitSupreme meter, but i can just compare the two. Thanks!
I was using ForexProfitSupreme meter and swaped to Giraia one, but they were very close numbers


UC TP, ABR was red but the momentum was too good with good space to go down
Attached Image
  • #29,830
  • Apr 16, 2015 1:12pm Apr 16, 2015 1:12pm
Quoting dagoods
{quote} I'd recommend to start page one post one but focus only o Udines posts at first. study his charts very carefully. do not move on until you understand the chart and the reason for his trade decision. the first 100 pages will give you almost everything you need to know about the basics especially of L1, Level 1 trades, which is the best imo. When you are done and understand the strategy, Then go back and also read Dialists Posts, Yelenas Posts and Nasaps posts, also Robinho, Luxiq and some of the others will automatically stand out for you...
thanks dagoods and all, i am new here, even new to mt4...


this is how my chart looks like after using the template and all files...


can you tell me what i am missing and how to get my chart similar to yours?

thanks
Attached Image (click to enlarge)
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  • #29,831
  • Apr 16, 2015 1:42pm Apr 16, 2015 1:42pm
Quoting Nechto
{quote} You do not put a stop loss?
Stop Loss is required ... is that the Wukar not show Stop loss and there are times when the trade is very fast and not give time.
Georgebaker friend about the strength indicators ... all they run iguais..1º and 2º and 7º and 8º hardly will not be equal.
  • #29,832
  • Apr 16, 2015 2:22pm Apr 16, 2015 2:22pm
Quoting Robinho
{quote} Stop Loss is required ... is that the Wukar not show Stop loss and there are times when the trade is very fast and not give time. Georgebaker friend about the strength indicators ... all they run iguais..1 and 2 and 7 and 8 hardly will not be equal.
Sorry Robinho, not sure what you are saying. all they run equal... 1 and 2 & 7 and 8.. and then what? Will never be equal?
Blindly following others will make you blind!
  • #29,833
  • Apr 16, 2015 2:23pm Apr 16, 2015 2:23pm
Quoting zghnno
{quote} thanks dagoods and all, i am new here, even new to mt4... this is how my chart looks like after using the template and all files... can you tell me what i am missing and how to get my chart similar to yours? thanks {image}
@zghnno

You are missing the sweetspot indicatorV2 and (optional) the grid indicator.
Next step, put on the ASH (Absolute Strength Histogram), PTO and/or Heikin Ashi indicators.
I would also suggest the AutoPivot indicator.
You will find information on how to "overlay" 2 indicators in 1 subwindow somewhere in the last 50 pages of the thread.
Look for posts of Diallist.

Next important step is which timeframe and "system" and you would like to trade;

- M15
- M30
- H1

Only 00 levels or also 50 levels.

If I may suggest, start with H1 and only the 00-levels.

Luxing
Wisdom begins in wonder
  • #29,834
  • Apr 16, 2015 2:26pm Apr 16, 2015 2:26pm
Quoting Georgebaker
{quote} Sorry Robinho, not sure what you are saying. all they run equal... 1 and 2 & 7 and 8.. and then what? Will never be equal?
Robinho refers to the fact that you need to pick the strongest 2 currencies and offset those to the 2 weakest.
In both CSMs, number one and two will mostly be the same, as will the 2 weakest (although maybe with slightly different values and maybe #1 and #2 are inverted).

LuXing
Wisdom begins in wonder
  • #29,835
  • Apr 16, 2015 2:29pm Apr 16, 2015 2:29pm
Quoting LuXing
{quote} Robinho refers to the fact that you need to pick the strongest 2 currencies and offset those to the 2 weakest. In both CSMs, number one and two will mostly be the same, as will the 2 weakest (although maybe with slightly different values and maybe #1 and #2 are inverted). LuXing
Thank you LuXing for clearing that up. Nothing new though
Blindly following others will make you blind!
  • #29,836
  • Apr 16, 2015 2:53pm Apr 16, 2015 2:53pm
Is need to get this clear

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Blindly following others will make you blind!
  • #29,837
  • Apr 16, 2015 3:14pm Apr 16, 2015 3:14pm
Quoting Georgebaker
Is need to get this clear {image}
To both question answer is YES.
  • #29,838
  • Apr 16, 2015 3:47pm Apr 16, 2015 3:47pm
Quoting snail69
{quote} To both question answer is YES.
Thank you snail69
Blindly following others will make you blind!
  • #29,839
  • Apr 16, 2015 3:54pm Apr 16, 2015 3:54pm
Quoting LuXing
{quote} @zghnno You are missing the sweetspot indicatorV2 and (optional) the grid indicator. Next step, put on the ASH (Absolute Strength Histogram), PTO and/or Heikin Ashi indicators. I would also suggest the AutoPivot indicator. You will find information on how to "overlay" 2 indicators in 1 subwindow somewhere in the last 50 pages of the thread. Look for posts of Diallist. Next important step is which timeframe and "system" and you would like to trade; - M15 - M30 - H1 Only 00 levels or also 50 levels. If I may suggest, start with H1 and only...

thanks LuXing, this is how my chart look like...

is it correct? if so how to place buy / sell stop orders with sl 10 and tp 5?

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 72 KB
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  • #29,840
  • Apr 16, 2015 5:25pm Apr 16, 2015 5:25pm
Buenas noches

i m here again thanks to all here its very nice see the new changes

gracias
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