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As simple as possible: 00 level trading

  • #32,101
  • Jul 3, 2015 1:20am Jul 3, 2015 1:20am
Quoting zohaib
{quote} Dial I didn't do this myself as I am not a coder. This is by user Traderathome and you can get this in SonicR thread or latest version in his PVSRA thread.
Thanks zohaib!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #32,102
  • Jul 3, 2015 1:56am Jul 3, 2015 1:56am
Quoting diallist
{quote} Hi Banzaisky! James16 provided me with a solid foundation for trading. He is a man of impeccable honor and character. In short, it is a privilege to know him. If it wasn't for him, I wouldn't be the trader I am today. I frequently get PMs from new traders who ask how they should get started. I always tell them to (1) Go through the school at www.babypips.com, (2) Read two books over and over again ("Trading In The Zone" [for mindset] and "Trade Your Way To Financial Freedom" [for money management]) (3)...

Dial,

stop whatever you have been doing: drinking, sitting under the hot sun... it affected your brain...

mentioning me in one post with babypips.com and James16...

way too much honour..

but thx for the compliment

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #32,103
  • Jul 3, 2015 2:06am Jul 3, 2015 2:06am
Quoting dan55
FWIW, i have reached a conclusion after testing many dashboards/indicators i will use these only (at least for this whole month): 1. Udine M30 system with ASH and DO (overall system) 2. Psylevels (for correlated pairs) 3. xlsx CSM (for momentum) Nasap's MA Pin setup : lookout for additional pips if Udine setup is already there. Pairs : EU (except on 6th July) , GU,EY, GY, AY, UJ, AU, NU and CadUsd. I will not study any other system/dash. Only concentrate on analyzing and reviewing trades, both winners and losers. For examples: at what CSM values...
Dan55,

good thinking..

with less distractions (less pairs, less indicators, etc.) your mind will relax more as there are less things to pay attention to.. that results in less fear that you might be missing a trade on another pair... as you only watch a limited amount of pairs... this will give you better results, and will help with the PDF & BCC

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #32,104
  • Jul 3, 2015 2:08am Jul 3, 2015 2:08am
Quoting zohaib
Simple stuff thanks Udine {image}
Glad you like it

Udine
Sleep less, live fast, as it aint gonna last
  • #32,105
  • Jul 3, 2015 2:15am Jul 3, 2015 2:15am
all PM's have been replied to..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #32,106
  • Jul 3, 2015 2:58am Jul 3, 2015 2:58am
i know this has A LOT of distance, but also a lot of momentum and not reached ADR yet.
edit: actually i see now, passed ADR with my trade . . .

Attached Image (click to enlarge)
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Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD MADash.png Size: 188 KB
  • #32,107
  • Jul 3, 2015 3:13am Jul 3, 2015 3:13am
Done for the day.

Have a nice weekend!
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  • #32,108
  • Jul 3, 2015 3:20am Jul 3, 2015 3:20am
Quoting zohaib
Simple stuff thanks Udine {image}
Another for day
Attached Image (click to enlarge)
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  • #32,109
  • Jul 3, 2015 7:46am Jul 3, 2015 7:46am
Quoting zohaib
{quote} Another for day {image}
Last of the week
Attached Image (click to enlarge)
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  • #32,110
  • Jul 3, 2015 9:40am Jul 3, 2015 9:40am
Quoting Emmpoli
{quote} FINALLY I THINK I AM GETTING TO UNDERSTAND HOW YOU TRADE AFTER COUNTLESS TIMES OF STUDYING YOUR POST. I TOOK A TRADE ON GBPCHF and later took a trade on EURCHF. I dont have the right tool nor coding knowledge like you do. So doing it manually is like suicide. Anyways, green pips to you and i'll still keep an eye on you post. If ever you have spare time and you feel like coding, you can help me edit the psy level dashBoard uploaded By Mastermind. If you are ok with it, i will tell you what I want. it should Be really easy. cheers
I am not a mql coder. My knowledge level in mql is very low!

nasap
The little nut in your head is called brain. Use it!
  • #32,111
  • Jul 3, 2015 9:56am Jul 3, 2015 9:56am
I'm always asking you guys to show your losing trades to find a solution how to prevent from it. It's not easy but we can accept a losing trade if we took the wrong decision, but what about such stop fishing? Only by spread widening it was possible to catch SL! This is not the first time it happens, I have much more of such screenshots not only from this broker.
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2015.07.02_20h38m51s_027_NZDUSD-M30.png Size: 54 KB

However we are still successful and in profit. Today was a pretty good trading day with many opportunities on AUD. It was weak all over the day.
Attached Image

Wish you all a peaceful weekend.

nasap
The little nut in your head is called brain. Use it!
  • #32,112
  • Jul 3, 2015 5:58pm Jul 3, 2015 5:58pm
Quoting bapakjason
i know this has A LOT of distance, but also a lot of momentum and not reached ADR yet. edit: actually i see now, passed ADR with my trade . . . {image} {image} {image}
Halo jason, could you please share your indicator and template used in 1st pict , thank you.
what ever it takes
  • #32,113
  • Jul 3, 2015 9:15pm Jul 3, 2015 9:15pm
Quoting vitzaza
{quote} Halo jason, could you please share your indicator and template used in 1st pict , thank you.
You can set your template however you like to see it. The indi's are all listed below. Hope this helps and have a great weekend. -jason

indi's:
AllHullMA_v3.1 600+ (the MA's)
quick draw auto v2 (the 25 pip lines, Simple as ABCD thread)
SweetSpotsGOLD_TRO_MODIFIED_VERSION v2 (gray 5pip lines, from Udine 5min MBA zip posted on this thread)
Daily Range ExtendedV2
TRO_Multi_Meter_CandleColor_LuXingMOD
Spread
pipsometer_5_decimal (Simple as ABCD thread)
BidRatio 1.2

AbsoluteStrengthHisto
AbsoluteStrength mtf & alerts histo nmc
  • #32,114
  • Edited 9:32am Jul 4, 2015 3:19am | Edited 9:32am
Quoting nasap
I'm always asking you guys to show your losing trades to find a solution how to prevent from it. It's not easy but we can accept a losing trade if we took the wrong decision, but what about such stop fishing? Only by spread widening it was possible to catch SL! This is not the first time it happens, I have much more of such screenshots not only from this broker. {image} However we are still successful and in profit. Today was a pretty good trading day with many opportunities on AUD. It was weak all over the day. {image} Wish you all a peaceful weekend....

Hi Nasap

We wish you green pipping.

Since now you have bot , Just I wans to know have you ever tried/tested order at market price or instantly without waiting to reach 00 or 05 level.

Is there difference in win loss ratio, if yes how much.

I am trying to use this system without waiting to reach price to for next 00 or 05 level.

Thanks

MK
  • #32,115
  • Jul 4, 2015 5:40am Jul 4, 2015 5:40am
Quoting diallist
{quote} Hi Banzaisky! James16 provided me with a solid foundation for trading. He is a man of impeccable honor and character. In short, it is a privilege to know him. If it wasn't for him, I wouldn't be the trader I am today. I frequently get PMs from new traders who ask how they should get started. I always tell them to (1) Go through the school at www.babypips.com, (2) Read two books over and over again ("Trading In The Zone" [for mindset] and "Trade Your Way To Financial Freedom" [for money management]) (3)...
Have you ever looked into DIBS(Joel Rensink/Peter Crowns) very similar to Udine's I think.

Thanks for the response btw
Free speech is an oxymoron
  • #32,116
  • Jul 4, 2015 8:46am Jul 4, 2015 8:46am
Hello bapakjason,

You can share your indi MADash ??
Like me
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD MADash.png Size: 188 KB
  • #32,117
  • Jul 4, 2015 9:04am Jul 4, 2015 9:04am
Quoting zbyma
Hello bapakjason, You can share your indi MADash ?? Like me Thanks {image}
Please go back to post 32,004. Dial kindly inserted a link in the post that will take you to Honestknave's thread explaining the MADash. -thanks and hope this helps, Jason
  • #32,118
  • Jul 4, 2015 10:56am Jul 4, 2015 10:56am
can someone please help tell me what to do. supposing i am targeting 10 pips, my trade went up to 8 pips, how can i protect some pips so that a winning trade will not go into negative. i use wukar wheel barrow 2.1.1e provided y ERIC. i set trialing stop to true and break even to true. but it does not do what i want. i sometimes see fxrabbi post how his trade closes at 10 pips break even. i want something like that. hope someone understands.
  • #32,119
  • Jul 4, 2015 11:22am Jul 4, 2015 11:22am
Quoting Emmpoli
can someone please help tell me what to do. supposing i am targeting 10 pips, my trade went up to 8 pips, how can i protect some pips so that a winning trade will not go into negative. i use wukar wheel barrow 2.1.1e provided y ERIC. i set trialing stop to true and break even to true. but it does not do what i want. i sometimes see fxrabbi post how his trade closes at 10 pips break even. i want something like that. hope someone understands.
Hi Emmpoli,

Please upload a screenshot of your parameter settings that you are currently using for the wukar 2.1.1e.

You need to decide at which pip value you want to start trailing but upload the pic and we can go from there.

Masterrmind............
Master your Mind then Master your Trades
  • #32,120
  • Jul 4, 2015 11:32am Jul 4, 2015 11:32am
Quoting mkfx
{quote} Hi Nasap We wish you green pipping. Since now you have bot , Just I wans to know have you ever tried/tested order at market price or instantly without waiting to reach 00 or 05 level. Is there difference in win loss ratio, if yes how much. I am trying to use this system without waiting to reach price to for next 00 or 05 level. Thanks MK
Many thanks for your wishes. The same I wish you and all others out here too!

When I started with that bot it used market orders since I was not familiar with all that kind of programming. It's now 16 mth. since I started with a simple version 1 (Smart Excel Trader) and step by step the bot has become a more and more professional trading tool. It's just some days ago that I've added 4 more algorithm in the current version 4 and the results are just amazing.

When still using market orders the winning rate was something about 72%, not good enough for me and such a system. Of course I have to say it was still the beginning and I don't know how it would work today, after all the development. The main problems have been all those false break outs. But that was the past, I look confidently to a bright future.

The 2nd system (STB) uses pending orders too but is much closer to the market price and doesn't use the 00 / 50 levels. It uses pure PA in combination with correlation and strength. I don't use it very often, sometimes when I'm in the mood to fetch some pips manually.

nasap
The little nut in your head is called brain. Use it!
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