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As simple as possible: 00 level trading

  • #33,721
  • Feb 25, 2016 12:45am Feb 25, 2016 12:45am
Hello again all! Luxing I have a 2 questions, please, before start to put trading pair pics and maybe discuss over. I read this post from the start trust me and now I reatart to read again...
1. "The clear blue line shows me that ADR has almost been reached... for me a sign NOT to trade this pair anymore!!" This is from Udine doc file from the start, the blue line should be a pivot?
2. I work from 7 GMT - 5 GMT, in London and my broker have +2 GMT demo account is Fxpro so the question is: I miss Frankfurt and London Open and I miss NY open too...the single open market what I hit is Sydney to 22 GMT in same time when my broker close and reopen, what you suggest me for start to trade, please??Thanks in advance thanks becouse help us and keep always green! Cheers
  • #33,722
  • Feb 25, 2016 4:35am Feb 25, 2016 4:35am
Quoting project13et
{quote} Targeting a fix number of pips from my point of view is a mistake. If you target 15 pips why not at 15 pips start a trail from 2 pips behind (at 13pips) and keep that 2 pip's difference always when the market move in your favor or just close by SL if the market drop 2 pips for highest reach. One of my yesterday trade posted in MT4 Trading the GAP With Excel end in profit 30 pips by using a 7 pip target with 2 pips trail. So basic what happen there? The market went in my favor 32 pips then drop to 30 pips and I close the trade. Until I reach...
Hi project, can you please post the EA you use to do such a TS ?

Thank you,
Bubincka
Porta itineris dicitur longissima esse
  • #33,723
  • Edited 11:39am Feb 25, 2016 9:59am | Edited 11:39am
EJ manual TP I make a mistake to Take Profit...

1 min ago EU to TP
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  • #33,724
  • Feb 25, 2016 11:01am Feb 25, 2016 11:01am
After a totally crap Tokyo session with no setups at all, finally some movement after London Open...

Trade #1: CADJPY to TP
Trade #2: GBPCHF to TP
Trade #3: NZDJPY with a 8.1 pip TP right below the DR1, just the way I like it
Trade #4: NZDCHF to TP
Trade #5: CADCHF to TP
Trade #6: another NZDJPY with (again 8 pips) to TP
Trade #7: another NZDCHF hit SL, still wondering what went wrong here
Trade #8: GBPCAD to TP

LuXing
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Wisdom begins in wonder
  • #33,725
  • Feb 25, 2016 11:11am Feb 25, 2016 11:11am
Quoting LuXing
After a totally crap Tokyo session with no setups at all, finally some movement after London Open... Trade #1: CADJPY to TP Trade #2: GBPCHF to TP Trade #3: NZDJPY with a 8.1 pip TP right below the DR1, just the way I like it Trade #4: NZDCHF to TP Trade #5: CADCHF to TP Trade #6: another NZDJPY with (again 8 pips) to TP Trade #7: another NZDCHF hit SL, still wondering what went wrong here Trade #8: GBPCAD to TP LuXing {image} {image} {image} {image} {image} {image} {image} {image}

In some of your charts ADR reached?!?!?!?!?! "IF ADR has been reached: no more trading..." Udine doc file from first post...
  • #33,726
  • Edited 11:59am Feb 25, 2016 11:18am | Edited 11:59am
Quoting project13et
{quote} Already doing that, and all data go direct to excel, based on my MTF intervals checking the potential pips that I can reach in that intervals. It will be hard to argue with veterans of this threat, but for me TS is just more profitable then TP . Also I didn't manage to find any profitable settings for EA's WUKAR , APTM, MTPM or anything similar in the market. This EA's are not build for a FIFO system. So need's to be something custom. If you trail a 0.5 , 0.8 difference does the broker always accept that little difference ? Is the latency...
I posted a TP/SL Excel calculator file in this thread and a hint on how to unlock this "pandoras box" in the gap trading thread.
You should be able to hook it up to a live tick stream and get all sorts of interesting stats...

Regarding EAs for a FIFO system, I dont agree with you.
If we were trading StatArb requiring ITCH or OUCH server connections I would agree with you, but we arent (yet)...
Trailing at 0.1 pip should not be a problem at all for any broker, just use Wukar 1.3.2e and hide your trailstop !

If you are so concerned with latency (trust me, you shouldnt be unless your ping is in excess of 150ms), I can recommend running a VPS on i.e. forexvps.net.
You did not hear this from me, but they happen to have a server rack in the very same room on Wall Street as i.e. the IC Markets trade server (and some other brokers)
You will get a round trip delay - the time clocked between sending a data packet from your MT4 platform to the brokers trade server and back - of 0.1ms on average. Having said all that, I does not mean your broker will respect your (hidden) stoploss, trailstop, etc. but at least you are minimising adverse latency effects.

LuXing
Wisdom begins in wonder
  • #33,727
  • Feb 25, 2016 11:32am Feb 25, 2016 11:32am
Quoting ender600ro
{quote} In some of your charts ADR reached?!?!?!?!?! "IF ADR has been reached: no more trading..." Udine doc file from first post...
If you refer to your own EURJPY trade yes, RmUp was in red and that trade was not taken on a 00 or 50 level (unless you had really bad slippage on live).

My trades no, ADR had not been reached at the time of taking the trade.
At the time of taking the screenshots maybe on some, but thatīs a different story.

LuXing
Wisdom begins in wonder
  • #33,728
  • Feb 25, 2016 11:47am Feb 25, 2016 11:47am
Quoting LuXing
{quote} If you refer to your own EURJPY trade yes, RmUp was in red and that trade was not taken on a 00 or 50 level (unless you had really bad slippage on live). My trades no, ADR had not been reached at the time of taking the trade. At the time of taking the screenshots maybe on some, but thats a different story. LuXing
My trade is manualy not pending becouse MT4 in that moment, maybe late, do not accept my pending trade and I prefer manual and that is the entry...thanks you so much, I mean very much, for your help!!!


Cheers!
  • #33,729
  • Feb 25, 2016 2:32pm Feb 25, 2016 2:32pm
Quoting LuXing
{quote} I posted a TP/SL Excel calculator file in this thread and a hint on how to unlock this "pandoras box" in the gap trading thread. You should be able to hook it up to a live tick stream and get all sorts of interesting stats... Regarding EAs for a FIFO system, I dont agree with you. If we were trading StatArb requiring ITCH or OUCH server connections I would agree with you, but we arent (yet)... Trailing at 0.1 pip should not be a problem at all for any broker, just use Wukar 1.3.2e and hide your trailstop ! If you are so concerned with latency...
Again if anyone thing that calculating a SL based on Win/Lose % desire , or probability or just a average bar measure is totally wrong and I can't agree not even to this thing SL has to be even smarter and better calculate then TP.

You don't need to agree with me, I just said for me TS is better then TP, and just explain few of scenarios that could happen to rest of peoples and why TS can very easy be unprofitable, if one of that scenario happen.

And in the END , I will not going to put any of my trading system on a VPS that I don't personal own the hardware.

Oh yea just paranoia none of this company's use backdoors, and they are too big to care about our trading systems

Green pips to everyone
By failing to prepare, you are preparing to fail.
  • #33,730
  • Feb 26, 2016 1:12am Feb 26, 2016 1:12am
Quoting project13et
{quote} Again if anyone thing that calculating a SL based on Win/Lose % desire , or probability or just a average bar measure is totally wrong and I can't agree not even to this thing SL has to be even smarter and better calculate then TP. You don't need to agree with me, I just said for me TS is better then TP, and just explain few of scenarios that could happen to rest of peoples and why TS can very easy be unprofitable, if one of that scenario happen. And in the END , I will not going to put any of my trading system on a VPS that I...
No, I would not put my trading system on a VPS. I was suggesting running only a Metatrader platform on a VPS in parallel.

Trade #1 o/t day: EURJPY to TP

LuXing
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Wisdom begins in wonder
  • #33,731
  • Feb 26, 2016 2:08am Feb 26, 2016 2:08am
Trade #2 o/t day: EURCAD to TP.

LuXing
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Wisdom begins in wonder
  • #33,732
  • Feb 26, 2016 3:11am Feb 26, 2016 3:11am
I want to ask you,usually how much time(minutes) put your pending order?? Of course if is not a unless question! Thanks in advance have a happy trading and weekend!




Alin
  • #33,733
  • Feb 26, 2016 7:09am Feb 26, 2016 7:09am
Quoting ender600ro
I want to ask you,usually how much time(minutes) put your pending order?? Of course if is not a unless question! Thanks in advance have a happy trading and weekend! Alin
It depends, in this CADJPY trade right at the open of the M30 candle. Triggered 10 seconds later, TP on the turn of the hour.

No more trading today, wishing everybody a good weekend.

LuXing
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Wisdom begins in wonder
  • #33,734
  • Feb 26, 2016 7:21am Feb 26, 2016 7:21am
I missed right post
"All will be correctly, in this world is built" - The Master and Margarita
  • #33,735
  • Feb 26, 2016 7:30am Feb 26, 2016 7:30am
Quoting LuXing
{quote} Thanks. Post your charts, hopefully ppl can learn sth from it !!! LuXing
I will bro, for sure! But now I am stick to EURUSD Udine H1 system on my live and have not so much trades. But reading a lot trough your posts and related threads info. A lot is done but a lot still need to understand..

Stay positive, Multimillion

ps here it is, correct one
"All will be correctly, in this world is built" - The Master and Margarita
  • #33,736
  • Feb 29, 2016 10:07am Feb 29, 2016 10:07am
hi all...today I make omly mistake Someone can halp me with some suggestion of my trading in out,please! I do all trades of my phone becouse on daily I am working...Thanks in advance!
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  • #33,737
  • Feb 29, 2016 10:22am Feb 29, 2016 10:22am
Quoting ender600ro
hi all...today I make omly mistake Someone can halp me with some suggestion of my trading in out,please! I do all trades of my phone becouse on daily I am working...Thanks in advance! {image}
1. No trading on mobile phone. If you cannot sit in front of a PC itīs better not to trade at all.
2. Whatīs the use of all those overlaid indicators in the bottom row if you donīt act on them ? 2 candles prior to your entry (on close of the "big" red candle) all signalled red for a short, but you did not enter....
3. GBPJPY M15 candles have a range of approx. 20-25 pips. You are entering a trade when the M15 candle has already moved 25 pips !!! Thatīs not exactly a high probability setup.
4. Your coral indicator is blue. I donīt use it, but is it not signalling you to stay out of that trade ?

LuXing
Wisdom begins in wonder
  • #33,738
  • Feb 29, 2016 10:57am Feb 29, 2016 10:57am
Quoting LuXing
{quote} 1. No trading on mobile phone. If you cannot sit in front of a PC its better not to trade at all. 2. Whats the use of all those overlaid indicators in the bottom row if you dont act on them ? 2 candles prior to your entry (on close of the "big" red candle) all signalled red for a short, but you did not enter.... 3. GBPJPY M15 candles have a range of approx. 20-25 pips. You are entering a trade when the M15 candle has already moved 25 pips !!! Thats not exactly a high probability setup. 4. Your coral indicator is blue. I dont use it, but...
I just trade from my job and from the phone to test the entry point and I use the teamviewer to connect on my pc home...Thank you sooo much for your answer!!!!!!!!!!!!
the indicators i use then for understand the apx directions of the market I see that indicators usful for me, maybe I am wrong becouse I must use Udine template...that's it!
I tell you before my entry level understanding is very poor becouse all yours trading it is on pending and I find it useful but I try every day to find the easy way...I will take off all the indicators and I use Udine clean template!

I want to thank you every day because have that patience with people like me and I apreciate very much your contribute(free) for our learning...and maybe someday I can offer you a Sangria

p.s. sry for my poor english!
  • #33,739
  • Feb 29, 2016 12:31pm Feb 29, 2016 12:31pm
The last 2 try trades for tonight with high spread, demo testing!
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  • #33,740
  • Feb 29, 2016 12:45pm Feb 29, 2016 12:45pm
Quoting ender600ro
The last 2 try trades for tonight with high spread, demo testing! {image} {image} {image}
1. No trading if spread >=2.5 to 3 pips max. 3 pips if daily range > 350 pips. Calculate (spread/daily range)*100%. If > 2% think again.
2. No trading last hour before Sydney Open, nor first hour from Sydney Open. Many brokers adjust spreads, market needs to determine and find direction.
3. Find your "favourite" Timeframe and stick with it. Nothing wrong at all with dialling up and down to see what gives on other TFs, but I hope you understand what I am saying.
4. Open your eyes !!! What happened when GBPJPY approached the 950-900 area during the last hours ???? Many traders have stops around the BRN area and if there is one thing the big players love, itīs flushing stops. Stay clear of the Big Round Numbers unless you are totally sure and trade them during Tokyo +2-3 hrs or London Open - Close

LuXing
Wisdom begins in wonder
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