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As simple as possible: 00 level trading

  • #33,641
  • Feb 1, 2016 1:46am Feb 1, 2016 1:46am
Great system. Thanks Udinefx.

Still works. Why does it work?

Check out attached study. A little out of date but principles still stand, do your own research.

Attached File(s)
File Type: pdf Forex Report - Predicting Price movement.pdf   410 KB | 874 downloads
We're all just one trade away from humility.
  • #33,642
  • Feb 4, 2016 4:13am Feb 4, 2016 4:13am
Quoting Juan007
i put a new trade no 00 but i rub a break even on 3.5 pips i run also the EA to put the tp and sl and be its more easy {image} {file}


hi i need the set file
  • #33,643
  • Feb 8, 2016 1:30pm Feb 8, 2016 1:30pm
Today´s "best" trade:

AUDJPY to SL

In attach a spreadsheet with a formula many people have been asking me for.
The 5th order polynomial fit that converts bidratio to its corresponding currency strength.
Beats having a 1.000+ row table

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 140 KB
Attached File(s)
File Type: xlsx Gilles 5th OFP Algo.xlsx   468 KB | 650 downloads
Wisdom begins in wonder
  • #33,644
  • Feb 8, 2016 5:16pm Feb 8, 2016 5:16pm
EU
+5
+5
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH 2.png Size: 55 KB
  • #33,645
  • Feb 8, 2016 5:18pm Feb 8, 2016 5:18pm
AU +4
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5 1.png Size: 60 KB
  • #33,646
  • Feb 8, 2016 5:23pm Feb 8, 2016 5:23pm
GJ +3
GJ-10
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 3.png Size: 69 KB
  • #33,647
  • Feb 9, 2016 2:17pm Feb 9, 2016 2:17pm
Hi all,

Today I took 2 trades:
EURJPY and EURUSD both went to TP.

Kind regards,
Gizmo96.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY 20160209 0900.png Size: 33 KB
Click to Enlarge Name: EURUSD 20160209 0900.png Size: 38 KB
  • #33,648
  • Feb 10, 2016 11:49am Feb 10, 2016 11:49am
Hi all,

Today I took several trades on a 15 minute chart.
AUDJPY 3x -> TP
AUDUSD 3x -> TP
EURJPY 1x -> TS
EURUSD 4x -> 3x TP 1 TS
GBPJPY 1x -> TP
GBPUSD 2x -> 1 SL 1 TP
NZDJPY 1x -> TP
NZDUSD 3x -> 2 TP 1 SL
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 20160210 1115.png Size: 16 KB
Click to Enlarge Name: NZDUSD 20160210 1100.png Size: 18 KB
Click to Enlarge Name: EURUSD 20160210 1045.png Size: 18 KB
Click to Enlarge Name: AUDUSD 20160210 1100.png Size: 15 KB
Click to Enlarge Name: GBPJPY 20160210 1100.png Size: 17 KB
Click to Enlarge Name: NZDUSD 20160210 1045.png Size: 16 KB
Click to Enlarge Name: NZDJPY 20160210 1045.png Size: 16 KB
Click to Enlarge Name: AUDJPY 20160210 1045.png Size: 15 KB
Click to Enlarge Name: AUDUSD 20160210 1000.png Size: 22 KB
Click to Enlarge Name: AUDJPY 20160210 1000.png Size: 22 KB
  • #33,649
  • Feb 10, 2016 11:51am Feb 10, 2016 11:51am
And the rest of the screenshots.


Kind regards,
Gizmo96
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD 20160210 0945.png Size: 15 KB
Click to Enlarge Name: GBPUSD 20160210 0945.png Size: 24 KB
Click to Enlarge Name: AUDUSD 20160210 0945.png Size: 19 KB
Click to Enlarge Name: NZDUSD 20160210 0945.png Size: 19 KB
Click to Enlarge Name: AUDJPY 20160210 0945.png Size: 24 KB
Click to Enlarge Name: EURJPY 20160210 0930.png Size: 42 KB
Click to Enlarge Name: GBPUSD 20160210 0915.png Size: 43 KB
Click to Enlarge Name: GBPUSD 20160210 0930.png Size: 44 KB
Click to Enlarge Name: EURUSD 20160210 0915.png Size: 44 KB
Click to Enlarge Name: GBPUSD 20160210 0900.png Size: 28 KB
  • #33,650
  • Edited 3:44pm Feb 10, 2016 2:58pm | Edited 3:44pm
Attachment
Trade #1 o/t day: EURCAD to TP
Trade #2 o/t day: AUDUSD to TP
Trade #3 o/t day: EURAUD to TP
Trade #4 o/t day: CADCHF to TP
Trade #5 o/t day: USDJPY to TP
Trade #6 o/t day: NZDJPY to TP
Trade #7 o/t day: AUDCHF to TP
Trade #8 o/t day: NZDCHF to TP

LuXing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 75 KB
Click to Enlarge Name: Screenshot3.png Size: 72 KB
Click to Enlarge Name: Screenshot4.png Size: 70 KB
Click to Enlarge Name: Screenshot5.png Size: 66 KB
Click to Enlarge Name: Screenshot6.png Size: 5 KB
Click to Enlarge Name: Screenshot7.png Size: 71 KB
Click to Enlarge Name: Screenshot8.png Size: 66 KB
Click to Enlarge Name: Screenshot1.png Size: 75 KB
Wisdom begins in wonder
  • #33,651
  • Feb 10, 2016 3:15pm Feb 10, 2016 3:15pm
Late start, European & N-American session trades: 12 x TP and 1 SL.
Times are GMT +1.
Stoploss due to fatigue and lack of attention, the trade went 7 pips in my favour before turning around and hitting stoploss.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: EUR session.png Size: 89 KB
Wisdom begins in wonder
  • #33,652
  • Feb 11, 2016 2:28am Feb 11, 2016 2:28am
Hi all,

Good morning, today I took 4 trades 15 minutes after the London open.
AUDJPY -> TS
GBPJPY -> TP
GBPUSD -> TS
NZDUSD -> TP

I'm done for today.

Kind regards,
Gizmo96
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY 20160211 0915.png Size: 27 KB
Click to Enlarge Name: AUDJPY 20160211 0915.png Size: 23 KB
Click to Enlarge Name: GBPUSD 20160211 0915.png Size: 23 KB
Click to Enlarge Name: NZDUSD 20160211 0915.png Size: 22 KB
  • #33,653
  • Feb 11, 2016 4:11am Feb 11, 2016 4:11am
Quoting LuXing
1853376 Trade #1 o/t day: EURCAD to TP Trade #2 o/t day: AUDUSD to TP Trade #3 o/t day: EURAUD to TP Trade #4 o/t day: CADCHF to TP Trade #5 o/t day: USDJPY to TP Trade #6 o/t day: NZDJPY to TP Trade #7 o/t day: AUDCHF to TP Trade #8 o/t day: NZDCHF to TP LuXing {image} {image} {image} {image} {image} {image} {image} {image}
Hi LuXing, do you enter your trades based only on D1 currencies strength ? And you TP-SL levels are fixed or are a % of ATR ?

Compliments and best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #33,654
  • Feb 11, 2016 8:27am Feb 11, 2016 8:27am
Quoting bubincka
{quote} Hi LuXing, do you enter your trades based only on D1 currencies strength ? And you TP-SL levels are fixed or are a % of ATR ? Compliments and best regards, Bubincka
Yes, an important part is based on strength measured off the brokers daily open which is what the forexgrail spreadsheet does.
There are of course other criteria, most of them ("system rules") can be found in post #1, the remainder are derived from Nasaps musings in this very forum.

For now, I use a stoploss of 15 to 17 pips, which is especially necessary on pair with a "high" candle size (think GJ, GC, EA, EC, ...).
I found an interesting article and am experimenting with flexible TP levels, using the file in attach.
Jibala or Nasap are the real flex TP gurus, maybe they can point you in the right direction.

LuXing
Attached File(s)
File Type: xlsx stop loss calculator v 4.1 (2).xlsx   2.6 MB | 796 downloads
Wisdom begins in wonder
  • #33,655
  • Feb 11, 2016 9:09am Feb 11, 2016 9:09am
Quoting LuXing
{quote} Yes, an important part is based on strength measured off the brokers daily open which is what the forexgrail spreadsheet does. There are of course other criteria, most of them ("system rules") can be found in post #1, the remainder are derived from Nasaps musings in this very forum. For now, I use a stoploss of 15 to 17 pips, which is especially necessary on pair with a "high" candle size (think GJ, GC, EA, EC, ...). I found an interesting article...
I just read a bit in that article and scrolled down then I thought to myself nasap and steve (the author) must be relatives!
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #33,656
  • Feb 11, 2016 9:15am Feb 11, 2016 9:15am
Yes, I remember a post in which Jibala talked about a TP around 8 pips and a SL around 35. Unfortunately I don't have the link to that post, but I'm sure I've read it-
Apart from rules in post #1 and focusing on strenght, do you only use daily strength values to make your choices or you also consider strength values on the lower TF (e.g. H1) calculated with the same algo ?

Thanks again for your answers,
Bubincka
Porta itineris dicitur longissima esse
  • #33,657
  • Feb 11, 2016 11:00am Feb 11, 2016 11:00am
Can someone be so kind as to tell me how to get the values in the square boxes of the sweet spot lines. I have the lines but not the values.

Thanks
  • #33,658
  • Feb 11, 2016 1:59pm Feb 11, 2016 1:59pm
Hi fire680,

Did you change any settings?
I'm not able reproduce your issue.

Quoting fire680
Can someone be so kind as to tell me how to get the values in the square boxes of the sweet spot lines. I have the lines but not the values. Thanks
  • #33,659
  • Feb 11, 2016 2:02pm Feb 11, 2016 2:02pm
Thanks for your response, but I didn't change any of the settings?
  • #33,660
  • Feb 11, 2016 2:08pm Feb 11, 2016 2:08pm
Perhaps you can try to reinstall the indicator.

Quoting fire680
Thanks for your response, but I didn't change any of the settings?
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