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As simple as possible: 00 level trading

  • #32,681
  • Aug 10, 2015 5:36am Aug 10, 2015 5:36am
OK, I will do that, create a correlation table and stare at it
Jaime

Quoting nasap
{quote} Sorry for late reply, but I did not read back much! The simple question is, what do we need to generate an algorithm? Numbers, lots of numbers! Hence first create a correlation table with the 28 commonly used pairs and then try to develop an algo. That's it! Correlation can become an eye opener if once you understood how exactly it works. You will find out only by watching it! nasap
  • #32,682
  • Aug 10, 2015 5:58am Aug 10, 2015 5:58am
Quoting jmmac
OK, I will ... create a correlation table and stare at it
And do not forget at the end to sort the pairs, then you have automatically what you need...
  • #32,683
  • Aug 10, 2015 6:26am Aug 10, 2015 6:26am
Quoting nasap
To continiue with LO: {image} {image} {image} {image} nasap

hello Nasap, will your EA work on high spread brokers?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #32,684
  • Aug 10, 2015 7:11am Aug 10, 2015 7:11am
Quoting nasap
{quote} You can be sure about that and I hope you had a good one too! Your question was answered already, if you kindly read here: http://www.forexfactory.com/showthre...63#post8396463 Just to underline my statement about the many trades, this is result from mth. July. {image} The average hit rate for this year >95%. Do I have to care for just some losers or if my SL is 10 / 15 / 17 or whatever? Absolutely not! 1st trade for the new week on GBPAUD. {image} Wish you and all others too a green week. nasap
Thank you!
  • #32,685
  • Aug 10, 2015 7:14am Aug 10, 2015 7:14am
Timing is crucial, PDF & BCC
Attached Image(s) (click to enlarge)
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  • #32,686
  • Aug 10, 2015 8:37am Aug 10, 2015 8:37am
Quoting SwingMan
{quote} And do not forget at the end to sort the pairs, then you have automatically what you need...
I guess that when all the pairs with a particular currency are at the top, it's time to trade that currency. But It won't tell me if that currency is strong or weak, right? I have to get that information elsewhere (not difficult...).

I forgot to ask nasap the best time-frame and period to use for the correlation, what do you advise? Thanks.

Jaime
  • #32,687
  • Aug 10, 2015 8:46am Aug 10, 2015 8:46am
Quoting jmmac
OK, I will do that, create a correlation table and stare at it Jaime {quote}
There are no shortcuts in Forex!

nasap
The little nut in your head is called brain. Use it!
  • #32,688
  • Aug 10, 2015 8:56am Aug 10, 2015 8:56am
Quoting Soros
{quote} hello Nasap, will your EA work on high spread brokers?
Have you ever heard of a scalper system that works with wide spreads? My system uses a spread filter to prevent from entries with higher spreads. It's no problem to adjust the filter and make it slightly higher, but then the other side mus be adjusted also, means the profit becomes smaller. Does it make a sense? Not for me!

If you cannot choose (for what reason ever) a broker with small spreads, then better go for a long term strategy.

nasap
The little nut in your head is called brain. Use it!
  • #32,689
  • Aug 10, 2015 8:59am Aug 10, 2015 8:59am
Milk it as much as you can!
Attached Image (click to enlarge)
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nasap
The little nut in your head is called brain. Use it!
  • #32,690
  • Aug 10, 2015 9:04am Aug 10, 2015 9:04am
Quoting jmmac
{quote} I guess that when all the pairs with a particular currency are at the top, it's time to trade that currency. But It won't tell me if that currency is strong or weak, right? I have to get that information elsewhere (not difficult...). I forgot to ask nasap the best time-frame and period to use for the correlation, what do you advise? Thanks. Jaime
It depends on what strategy you are looking for. Long term not below daily, short term or scalping even, 4h or 1h.

nasap
The little nut in your head is called brain. Use it!
  • #32,691
  • Aug 10, 2015 9:13am Aug 10, 2015 9:13am
Quoting nasap
Milk it as much as you can! {image} nasap
Very nice!
  • #32,692
  • Aug 10, 2015 9:15am Aug 10, 2015 9:15am
GBPJPY Limit order on level cross
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  • #32,693
  • Aug 10, 2015 9:22am Aug 10, 2015 9:22am
Quoting nasap
Milk it as much as you can! {image} nasap
i was thinking the same thing . . . it ended up looking like lights on a Christmas tree.
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  • #32,694
  • Aug 10, 2015 11:44am Aug 10, 2015 11:44am
GBPJPY to S TP +50pips

Trades Ideas:

1. Sync in pair.
2. Strength.
3. Momentum.



Yomi
Attached Image (click to enlarge)
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Time always comes before price
  • #32,695
  • Aug 10, 2015 10:24pm Aug 10, 2015 10:24pm
Nice surprise after waking up:
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Glad to see it has worked again!

nasap
The little nut in your head is called brain. Use it!
  • #32,696
  • Aug 11, 2015 2:32am Aug 11, 2015 2:32am
Timing GBPJPY to TP
Attached Image (click to enlarge)
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  • #32,697
  • Aug 11, 2015 3:14am Aug 11, 2015 3:14am
Quoting nasap
Nice surprise after waking up: {image} Glad to see it has worked again! nasap
Madam, are you using anything mentioned by Udine or just your own algo/robot?

I'm sure we are all in awe and mesmerized by your trading/programing acumen.

Please do show your trading prowess using Udine method only, without any algo/robot (since we can only admire it).
  • #32,698
  • Aug 11, 2015 3:25am Aug 11, 2015 3:25am
Quoting nasap
Nice surprise after waking up: {image} Glad to see it has worked again! nasap

are you selling your system?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #32,699
  • Aug 11, 2015 7:56am Aug 11, 2015 7:56am
Most EXCELLENT work Nasap, would it be possible to put all ur trades, or leave them on your charts , purely to see the pattern of the trades? thanking you in anticipation
  • #32,700
  • Aug 11, 2015 8:03am Aug 11, 2015 8:03am
Timing USDCAD to TP
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