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As simple as possible: 00 level trading

  • #31,661
  • Jun 11, 2015 4:19am Jun 11, 2015 4:19am
Quoting nasap
{quote} Charts only used to show trade results. I do not use any charts for trading the 00-level-system. All is based on 00-level-system rules. Besides I have developed special algorithm. The whole system / filters is / are dynamic, like the market! nasap
Thanks Nsap for answering all questions.

Do you consider news rules as per udain first page rules. Like one hour before and 30 minutes after news no trade.
only one trade in one hour for a pair

Thanks

MKfX
  • #31,662
  • Jun 11, 2015 4:21am Jun 11, 2015 4:21am
Trade #6 o/t day: USDJPY to TP

LuXing
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  • #31,663
  • Jun 11, 2015 4:30am Jun 11, 2015 4:30am
Trades #7 and #8 o/t day: EURJPY and GBPJPY to TP

LuXing
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  • #31,664
  • Jun 11, 2015 4:42am Jun 11, 2015 4:42am
Quoting fxrabbi
{quote} yes, i have share it before on post: 31,549. Just change the currency pairs to the four pairs, like this, eurusd,eurjpy,gbpusd,gbpjpy, only. And change the color too, if there is any still anything, please let me know.
it is not displaying correctly compared to when you have all the currency showing
  • #31,665
  • Jun 11, 2015 4:42am Jun 11, 2015 4:42am
Trade #9 o/t day: GBPJPY out by TS, +1.2 pips.

LuXing
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  • #31,666
  • Jun 11, 2015 4:52am Jun 11, 2015 4:52am
Quoting Emmpoli
{quote} it is not displaying correctly compared to when you have all the currency showing
I don't seem to understand you, but mine has been accurate ever since I have been using it.
Time always comes before price
  • #31,667
  • Jun 11, 2015 4:53am Jun 11, 2015 4:53am
Trade # 10 o/t day: EURJPY didn´t quite make it, out by TS.

LuXing
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  • #31,668
  • Jun 11, 2015 5:07am Jun 11, 2015 5:07am
Trade #11 o/t day: GBPJPY to TP.

LuXing
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  • #31,669
  • Jun 11, 2015 5:12am Jun 11, 2015 5:12am
Trade #12 o/t day: EURJPY to TP

LuXing
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  • #31,670
  • Jun 11, 2015 5:15am Jun 11, 2015 5:15am
Quoting pgpb
{quote} Hi Luxing, do you (or any one) ever place a limit entry order "A limit entry is an order placed to either buy below the market or sell above the market at a certain price" I have been experimenting with these types of orders. For example the strong and weak currencies are "strong enough" and "weak enough" and then price starts to pull back a bit, so if I want to buy at a cheap price (or sell at a higher price) I will place an order a bit below price (if I want to go long) and often I get filled and am out with 5 pip profit in a few seconds...
Hi pgpb,

It has crossed my mind, but I haven´t tried it yet.
Interesting and yes, I guess you need to develop a feel for it (like for all "systems").
For now, I prefer to work with the pending buy and sell stop orders.

LuXing
Wisdom begins in wonder
  • #31,671
  • Jun 11, 2015 5:16am Jun 11, 2015 5:16am
Quoting LuXing
Trade #12 o/t day: EURJPY to TP LuXing {image}

Weldone, keep the good work going.
Time always comes before price
  • #31,672
  • Jun 11, 2015 5:28am Jun 11, 2015 5:28am
Last trade before NYO: USDJPY out by TS: +1.5 pips.

LuXing
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  • #31,673
  • Jun 11, 2015 5:34am Jun 11, 2015 5:34am
Quoting nasap
{quote} Charts only used to show trade results. I do not use any charts for trading the 00-level-system. All is based on 00-level-system rules. Besides I have developed special algorithm. The whole system / filters is / are dynamic, like the market! nasap
I see. Of course I won't ask you for the rules, you should keep them safe! But maybe you can share if you follow Udine's rules, like using ASH and HA, stay out of RN and news and then add rules to filter out risky setups. Or, on the other hand, you just use Udines philosophy of using short term momentum with you own rules, not using Udine's.

I plan on testing my own rules with the software Wealth-Lab Developer (or maybe Metatrader) but I don't know how to simulate the news...

Jaime
  • #31,674
  • Jun 11, 2015 5:57am Jun 11, 2015 5:57am
Quoting LuXing
Trade #12 o/t day: EURJPY to TP LuXing {image}
You're on fire today!

Do you use a script to enter trades? I see you don't respect 00 and 50 levels (you already explained you enter when the indicators tell you it's the right moment). The scripts Udine shared only work for those levels and I believe he didn't give the MQL code... The ideal would be a script that calculates position size, sets TL and SL (at least SL) and opens at market, not at stop.

Jaime
  • #31,675
  • Jun 11, 2015 6:45am Jun 11, 2015 6:45am
Quoting jmmac
{quote} You're on fire today! Do you use a script to enter trades? I see you don't respect 00 and 50 levels (you already explained you enter when the indicators tell you it's the right moment). The scripts Udine shared only work for those levels and I believe he didn't give the MQL code... The ideal would be a script that calculates position size, sets TL and SL (at least SL) and opens at market, not at stop. Jaime
after these scripts are on screen, they can be dragged wherever. at least, the ones I use can.
  • #31,676
  • Jun 11, 2015 6:54am Jun 11, 2015 6:54am
Trade #14, EUR selloff right before NYO. EURUSD to TP

LuXing

EDIT: 10 burpees. Hadn´t seen US Red News in 30 minutes.
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  • #31,677
  • Jun 11, 2015 7:41am Jun 11, 2015 7:41am
Quoting bapakjason
{quote} after these scripts are on screen, they can be dragged wherever. at least, the ones I use can.
Yes, I sometimes do that but it's not very practical. If you're watching the 1M chart to pinpoint your entry, you just want to press somewhere to open the trade.
Jaime
  • #31,678
  • Jun 11, 2015 7:49am Jun 11, 2015 7:49am
Quoting jmmac
{quote} You're on fire today! Do you use a script to enter trades? I see you don't respect 00 and 50 levels (you already explained you enter when the indicators tell you it's the right moment). The scripts Udine shared only work for those levels and I believe he didn't give the MQL code... The ideal would be a script that calculates position size, sets TL and SL (at least SL) and opens at market, not at stop. Jaime
@jmmac

Yes, I use the script you can find in the attachments to put on my trades.
I do respect the 50 and 00 levels (that´s where the script puts the buy stop or sell stop).
Unfortunately it´s my broker who doesn´t always respect these levels, as you can see on some of the charts I posted.
To trade this system respecting the 50/00 levels, you really do not need the source code of the scripts.
In the globals script, you can set your TP and SL in pips, as well as the position size. These will remain the same, until you change them.
Using a hotkey, it takes me 0.1 sec to place a sell stop or buy stop.
As you can see in post #1, this system works with pending orders, not market orders.
In attach again the scripts that I use. Although I do not have scripts to place market orders, there are plenty to be find on FF.

Hope this helps.

LuXing
Attached File(s)
File Type: ex4 UdinesGlobalInstantSELLStop50.ex4   7 KB | 443 downloads
File Type: ex4 UdinesGlobalInstantBUYStop50.ex4   7 KB | 466 downloads
File Type: ex4 SetUdinesGlobals.ex4   5 KB | 452 downloads
Wisdom begins in wonder
  • #31,679
  • Jun 11, 2015 8:06am Jun 11, 2015 8:06am
Quoting dmn
Hello big heads, started some time ago to play with this system. Eveything looks good for now i just fallow rules from first page, can someone take a look on this and tell me if im goin right way (statement in attachment). {file}
Looks good !

I would suggest you trade only the 4 core pairs (EJ, EU, GJ, GU).
The AUD and CAD crosses can be really complicated, so leave them for now...

Keep on using patience and a lot of discipline, and you´ll get there !!!

LuXing
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  • #31,680
  • Jun 11, 2015 9:05am Jun 11, 2015 9:05am
Today´s last trade: GBPJPY to TP

LuXing
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