As simple as possible: 00 level trading | Page 1513 | 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

  • #30,241
  • Apr 23, 2015 12:59am Apr 23, 2015 12:59am
Quoting firewight
{quote} Very interesting project mate, I'll be keeping a close eye on this one! Thanks!
Thanks

Quoting dlouw
{quote} Thank you for this wonderful piece of work. Thank you. It seams to work quite well! One small thing. I did notice the alerts will sound when the spreads are over limit. Trade Well, dlouw
New version uploaded above (request also came via PM from pipcruiser). Thanks for the suggestion!
  • #30,242
  • Apr 23, 2015 1:23am Apr 23, 2015 1:23am
Quoting Pips.Fishing
Can someone please explain to me how this trailing step and stop works in this EA? I tried on demo several times, and the results are confusing and conflicting. If I want to trail profit after 30 pips in favour, whereby SL will be moved up to 5 pips behind market price (at 25 pips), and trailing pip by pip - meaning if market price move to 33 pips, SL move up to 28 pips. Can this EA work, if not, can someone please help to amend this EA? Because I love the other features of this EA and would love this EA to encompass the trailing profit I seek for....
I found this post, perhaps you can check with him?

http://www.forexfactory.com/ericjschroed

The Trailing Stop works fine, but the Trailing Step option doesn't really do anything right now. Maybe I'll fix that in the future.

http://www.forexfactory.com/showthre...35#post7543135
It takes a lot for me to IGNORE you, but you can try.
  • #30,243
  • Apr 23, 2015 1:41am Apr 23, 2015 1:41am
Quoting LuXing
{quote} Wrong ! Maybe it says it all to you, but it says absolutely nothing to any other fellow trader of this forum. Unless you would care to elaborate on how its values, percentages, ... are calculated and/or what thresholds one should be watching for, this makes no sense whatsoever. This is just my 2 cents though. Since I am also very eager to learn, I hope somebody on this forum can enlighten me as to "what it says" ? Its interpretation would probably have to come from yourself, but unfortunately you wont even see this post. I think, because...
Completely agree with you and think exactly the same. And i'm sure more people feel the same way.

Asmodai
  • #30,244
  • Apr 23, 2015 1:41am Apr 23, 2015 1:41am
GPB/USD +5
GBP/JPY +5
took both after M15 signal.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 99 KB
Click to Enlarge Name: GBPJPYM15.png Size: 102 KB
  • #30,245
  • Apr 23, 2015 1:43am Apr 23, 2015 1:43am
Quoting Asmodai
{quote} Completely agree with you and think exactly the same. And i'm sure more people feel the same way. Asmodai
Life is like a snickers, its full of nuts!
  • #30,246
  • Apr 23, 2015 3:10am Apr 23, 2015 3:10am
Buenos días,

Not a good start of my day: GBPJPY to SL.
Spiking up and down somehow my BE didn´t trigger, and PA was just shy of 0.2 pips for TP.

Ah well, there will be others...
Waiting mode switched on.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 71 KB
Wisdom begins in wonder
  • #30,247
  • Apr 23, 2015 3:12am Apr 23, 2015 3:12am
Quoting Sniper1310
{quote} @ LuXing I guess that the percentage values relate to the correlation of these individual pairs. Unfortunately I cant see at what point of time Nasap did this screenshots. Further we dont know what TF the correlation refers to but she made some comments about it. The numbers right next to the pairs should be the individual strength of this pair. E.g. AUD 4.0 JPY 2.35. This values one can find in the spreadsheets. The value of Secure Trading Parameter could be a treshold value derived by the individual market session. The average market strength...
I guess your guess is as good as mine

LuXing
Wisdom begins in wonder
  • #30,248
  • Apr 23, 2015 3:23am Apr 23, 2015 3:23am
USD/CHF +5 M15 signal

NZD/CHF +5 weakest against strongest pair in combination with Price action
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHFM15.png Size: 98 KB
Click to Enlarge Name: NZDCHFM15.png Size: 66 KB
  • #30,249
  • Apr 23, 2015 3:31am Apr 23, 2015 3:31am
15 mins - all set and go... 2x5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pCHFJPY+M15.png Size: 134 KB
Click to Enlarge Name: pUSDCHF+M15.png Size: 129 KB
  • #30,250
  • Apr 23, 2015 3:32am Apr 23, 2015 3:32am
can you guys tell me what exactly the bid ratio is telling us ?
  • #30,251
  • Edited 9:28am Apr 23, 2015 3:35am | Edited 9:28am
Good morning, I'm recently trying to figure out how to enter/exit trades to get exactly +5 Pips TP/-10 Pips SL and factor in commission.
This task, believe or not, simply overwhelms me. I will give it a shot, maybe you guys can tell me if I'm right.

Long trades
* Entry = ask price
* TP = bid price + 5 pips + spread + commission in pips (equals +5 pips after commission)
* SL = bid price - 10 pips + spread + commission in pips (equals -10 pips after commission)

Short trades
* Entry = bid price
* TP = ask price - 5 pips - spread - commission in pips (equals +5 pips after commission)
* SL = ask price + 10 pips - spread - commission in pips (equals +5 pips after commission)

Is that correct or am I missing something?
Thanks J16, Sam Seiden, Udine and Jacko
  • #30,252
  • Apr 23, 2015 3:39am Apr 23, 2015 3:39am
I'm re-learning conditional formatting in Excel and made the changes shown below. Perhaps they are useful to someone.

Green spreads are lowest.
Green strength is strongest. (I use the greenest one to pick a single "Robinho Force" pair.)
Attached Image (click to enlarge)
Click to Enlarge Name: CSM diallist.JPG Size: 107 KB
Attached File(s)
File Type: xlsx Currency Strength (28)_diallist.xlsx   334 KB | 815 downloads
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #30,253
  • Apr 23, 2015 3:51am Apr 23, 2015 3:51am
Quoting diallist
I'm re-learning conditional formatting in Excel and made the changes shown below. Perhaps they are useful to someone. Green spreads are lowest. Green strength is strongest. (I use the greenest one to pick a single "Robinho Force" pair.) {image}{file}
  • #30,254
  • Apr 23, 2015 3:52am Apr 23, 2015 3:52am
Quoting diallist
I'm re-learning conditional formatting in Excel and made the changes shown below. Perhaps they are useful to someone. Green spreads are lowest. Green strength is strongest. (I use the greenest one to pick a single "Robinho Force" pair.) {image}{file}
Did the same but on a separate table. Added the bid ratio because before taking the trade based on CSM I do look where we are at the moment.

Does anybody have an idea how to get the direction of the movement? Even as a retracement occurs the individual strength is still high but you will get a SL instead of TP when entering this moment.
Attached File(s)
File Type: xlsx Currency Strength (28)_Sniper1310_2015_04_23.xlsx   343 KB | 698 downloads
  • #30,255
  • Apr 23, 2015 3:57am Apr 23, 2015 3:57am
EUR/CAD +5 M15 signal, Euro strength
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15.png Size: 105 KB
  • #30,256
  • Apr 23, 2015 4:01am Apr 23, 2015 4:01am
Quoting Hoffi4201
can you guys tell me what exactly the bid ratio is telling us ?
It is an element of the strength calculation, which I display for quick reference.

It is how far the current Bid price is to the high or low.

A green bar (high value) means that price is close to the high.

A red bar (low value) means that price is close to the low.

Think of it as a candle lying on its side.

Hope that helps

Attached Image (click to enlarge)
Click to Enlarge Name: BR.png Size: 69 KB
  • #30,257
  • Apr 23, 2015 4:07am Apr 23, 2015 4:07am
Quoting honestknave
{quote} It is an element of the strength calculation, which I display for quick reference. It is how far the current Bid price is to the high or low. A green bar (high value) means that price is close to the high. A red bar (low value) means that price is close to the low. Think of it as a candle lying on its side. Hope that helps {image}
ok thanks, i got it now
  • #30,258
  • Apr 23, 2015 4:17am Apr 23, 2015 4:17am
A couple of L1 trades.
EJ to TP (late entry)
EU to TS
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU_TS.png Size: 62 KB
Click to Enlarge Name: EJ_TP.png Size: 64 KB
Porta itineris dicitur longissima esse
  • #30,259
  • Apr 23, 2015 5:04am Apr 23, 2015 5:04am
ECAD L TP
EJ L SL what a pity, price went up so strong
Attached Image (click to enlarge)
Click to Enlarge Name: EJ SL EA TP.png Size: 64 KB
  • #30,260
  • Apr 23, 2015 5:25am Apr 23, 2015 5:25am
Pairs from down below... 4x5

All on 15 mins
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pAUDUSD+M15.png Size: 145 KB
Click to Enlarge Name: pAUDJPY+M15.png Size: 139 KB
Click to Enlarge Name: pNZDUSD+M15.png Size: 126 KB
Click to Enlarge Name: pNZDJPY+M15.png Size: 123 KB
43 traders viewing now