As simple as possible: 00 level trading | Page 1721 | Forex Factory

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As simple as possible: 00 level trading

  • #34,401
  • Jul 8, 2016 5:42am Jul 8, 2016 5:42am
Quoting bubincka
{quote} Hi eak154, I'm on holiday now. Coming to your question I have to say that if I see trend/strength/ momentum I place the pending order at these levels too, but I'm aware that is against Udine's rules. Best regards, Bubincka
Hi Bubincka, thanks for your answer. Hope u enjoy your holiday!
I am still fighting the market.
So far today total +10

GBPCHF+10
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  • #34,402
  • Jul 16, 2016 10:30am Jul 16, 2016 10:30am
Hello Gentlemen --

I've been here before but struggled with my own psych issues with scalping and the issue of US brokers charging > spreads. However, I'm back because I believe in the concept, am better with my own reading of PA and admire what LuXing, Bubinka and Eak are achieving regularly. Bravo!

I know you three are helping each other and by extention to others who enter the forum. So THANK YOU for your continued postings along the way.

I admit I hate to be up in the very heart of my normal overnight pushing me to NY and Asia trading. I was especially pleased to see Eak's success with the J crosses on Tokyo. I hope to emulate some of that. It doesn't take many trades to earn 1-2% each day.

Lastly, I particularly admired the super clear EA or script buttons on your chart Eak to buy/sell/close. It has to be done virtually instantly, and that has a great look to it. Is it available through the forum? I did not readily see it up in the 'paper clip.' If it is a close hold, I understand. Perhaps one of you three stars can route me to another preferred entry script?

Thanks in advance.

F-S
  • #34,403
  • Jul 16, 2016 4:27pm Jul 16, 2016 4:27pm
Quoting Forest-Sea
Hello Gentlemen -- I've been here before but struggled with my own psych issues with scalping and the issue of US brokers charging > spreads. However, I'm back because I believe in the concept, am better with my own reading of PA and admire what LuXing, Bubinka and Eak are achieving regularly. Bravo! I know you three are helping each other and by extention to others who enter the forum. So THANK YOU for your continued postings along the way. I admit I hate to be up in the very heart of my normal overnight pushing me to NY and Asia trading. I was...

Here is the latest update/version - this one has additional function to trail stop. If you need help as per the settings, pls let me know.



Yomi.
Attached Image
Attached File(s)
File Type: ex4 EsikeTrader.ex4   20 KB | 818 downloads
Time always comes before price
  • #34,404
  • Jul 17, 2016 7:10am Jul 17, 2016 7:10am
Quoting fxrabbi
{quote} Here is the latest update/version - this one has additional function to trail stop. If you need help as per the settings, pls let me know. Yomi. {file} {image}

Many thanks Yomi!

I'll try to get ready for the Tokyo open. If settings unclear I will drop you a note.

FS
  • #34,405
  • Jul 17, 2016 9:38am Jul 17, 2016 9:38am
Quoting Forest-Sea
Hello Gentlemen -- I've been here before but struggled with my own psych issues with scalping and the issue of US brokers charging > spreads. However, I'm back because I believe in the concept, am better with my own reading of PA and admire what LuXing, Bubinka and Eak are achieving regularly. Bravo! I know you three are helping each other and by extention to others who enter the forum. So THANK YOU for your continued postings along the way. I admit I hate to be up in the very heart of my normal overnight pushing me to NY and Asia trading. I was...
Hi Forest-sea, I learn a lot from LuXing and Bubincka. This trading style really suits me best. I don't have to take whole day in front of my computer to make 1-2% a day. I suggest you look back to the past posts. There are many good examples from LuXing and Bubincka. I trade Tokyo and London because NY open is 2am where I live. We are here to learn from each other. I am on holiday now and might not be able to trade for another week. I wish you all the best.

Green pips to all

ps. thanks Yomi for posting a latest version EA.
  • #34,406
  • Edited 8:40pm Jul 17, 2016 6:32pm | Edited 8:40pm
Yomi, I hate it when these things happen.

I loaded the Esike EA no problem I thought. In fact my on-screen Terminal button for Experts says 'loaded successfully,' BUT the little smiling face in the upper right is a frown . . . so not working somehow.

The buttons are on my screen and look normal and the EA is located in my Navigator folder normally it seems.

I have plenty of other working EAs . . . and this seemed straightforward, but not taking orders from me.

__________________________________________________________________________________________

OK, here is the issue: I got a uninit reason 5 -- input parameters changed by user. Does this mean the parameters can not be modified?

I am just trying to load with the established settings . . . no changes by me. Does this EA require another file to be downloaded for it to correctly operate?

Drop me a note when you can. THANKS.

Best to you, FS
  • #34,407
  • Jul 18, 2016 4:22am Jul 18, 2016 4:22am
Quoting Forest-Sea
Yomi, I hate it when these things happen. I loaded the Esike EA no problem I thought. In fact my on-screen Terminal button for Experts says 'loaded successfully,' BUT the little smiling face in the upper right is a frown . . . so not working somehow. The buttons are on my screen and look normal and the EA is located in my Navigator folder normally it seems. I have plenty of other working EAs . . . and this seemed straightforward, but not taking orders from me. __________________________________________________________________________________________...

Find my settings below and make sure that you check/on the Auto Trading on your platform.




1. MM: 2%.

2. Take Profit: 50pips (500).

3. Stop Loss: 25pips (250).

4. BE Point (points): 30pips (300) - This will accommodate the broker spreads and slippage of any kind to give enough room for the trade to move further.

5. BE Value (points): 25pips (250) - This is the actual pips that it will first lock, where it will move your SL to BE - it's as good has taking off 50% of your profit.

6. Trail Activation: 35pips (350) - This is when your trail will start to work, If you don't want to trail your stop, just put 0 there.

7. Trail Stop: 10pips (100) - This will be the distance between your stop and current price. Your trail will not move if it less than 10pips.

8. Trail Step: 1pips (10) - This is the manners/rate by which the stop/trail will be moving after each increment of pips.


NB: You can use the above settings to set yours according to your trading style.
One of the benefits of using EA to manage your trades is that it takes all emotions away from your trades.

Please, let me know if you need any further help.




Happy trading,
Yomi
Attached Image
Time always comes before price
  • #34,408
  • Jul 18, 2016 7:48am Jul 18, 2016 7:48am
Quoting fxrabbi
{quote} Find my settings below and make sure that you check/on the Auto Trading on your platform.. Happy trading, Yomi {image}
It was interesting to read your thoughts on your settings, and I am up and running.

I think you are right, though, I will have to find my way with settings that make me comfortable. You clearly are a professional while I am an amateur though with trading experience. I think it is the nerves that have always gotten to me, and use of the Esike should remove some of that issue for me. I do like the way you give your trades room the 'breathe.' I need to take this concept on-board.

Yomi, continued great success to you!

FS
  • #34,409
  • Jul 18, 2016 2:56pm Jul 18, 2016 2:56pm
On the Esike EA I see the windows for selecting an .50 or .100 entry, buy or sell, are darkened and seem not to be functional. Should those buttons be working?
  • #34,410
  • Jul 18, 2016 5:48pm Jul 18, 2016 5:48pm
Great to scroll back the pages and see you masters place your entries. I admit, to my much less trained eye, I am occasionally surprised how far into a 'trend' price goes prior to you guys taking a position.

Does it work: pretty often for you.

Let's see if I can find something on Tokyo tonight.

Thanks for the passive teaching as I examine your charts and positions.

FS
  • #34,411
  • Jul 19, 2016 7:17am Jul 19, 2016 7:17am
Back from my wonderful holidays, here to post a couple of trades taken before USD red news .

#1 EURUSD to TP
#2 USDCHF to TP

Bubincka
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Porta itineris dicitur longissima esse
  • #34,412
  • Jul 27, 2016 8:34am Jul 27, 2016 8:34am
hi guys,
i am new to forex trading and stilllearning.
i have com across this thread and after reading first post i am happy to apply this.
but its nearly impossible for me to read all 1721 pages and then start .
can some one make summery of this and add needed files in on zip file for me to understand quickly.
thanks to all.
  • #34,413
  • Jul 27, 2016 11:59am Jul 27, 2016 11:59am
Quoting kar2wlan
hi guys, i am new to forex trading and stilllearning. i have com across this thread and after reading first post i am happy to apply this. but its nearly impossible for me to read all 1721 pages and then start . can some one make summery of this and add needed files in on zip file for me to understand quickly. thanks to all.


I hope I can help you and all who are searching there .
Here all items from this Thread to download.

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  • #34,414
  • Jul 27, 2016 1:13pm Jul 27, 2016 1:13pm
Quoting kar2wlan
hi guys, i am new to forex trading and stilllearning. i have com across this thread and after reading first post i am happy to apply this. but its nearly impossible for me to read all 1721 pages and then start . can some one make summery of this and add needed files in on zip file for me to understand quickly. thanks to all.
Hello. I understand your concern. The basics of this system are shared on the first few pages by the thread's creator. Links to important posts are also placed in the first section by Udine.
Other than this, there have been several great Traders who have posted tips in the thread but these tips cannot be gathered and given to you, because the relevance of the tips comes to different learners at different stages in their journey of trading. Also, the Traders who left great tips usually all have slightly different styles and most of them use different chart templates and even different indicators. Understanding the basic idea of this thread may take 30 minutes. Understanding how different people apply the basic idea may take months (and I dare say we never totally understand how someone else is seeing the market).

Having said this, you found a good thread and I wish you "godspeed" in becoming a very successful trader. If you ask specific questions while practicing, there are still Traders here who will help answer your specific questions.

Enjoy the journey.
  • #34,415
  • Jul 28, 2016 2:56am Jul 28, 2016 2:56am
Quoting bubincka
Back from my wonderful holidays, here to post a couple of trades taken before USD red news . #1 EURUSD to TP #2 USDCHF to TP Bubincka {image} {image}
Nice trades Bubincka !
I hope you enjoyed your holidays. Until end August I am on "holidays" too, but still trading a bit

Today´s trades:

Asian session
#1 AUDCHF
#2 NZDCHF

London session
#3 AUDUSD
#4 USDJPY
#5 EURUSD

LuXing
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Wisdom begins in wonder
  • #34,416
  • Jul 28, 2016 5:54am Jul 28, 2016 5:54am
GBPAUD & GBPJPY to TP.

LuXing
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Wisdom begins in wonder
  • #34,417
  • Jul 28, 2016 6:14am Jul 28, 2016 6:14am
Last one before NY.

CADJPY +4.5 pips, spread widening a bit too much to my liking.

LuXing
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Wisdom begins in wonder
  • #34,418
  • Jul 28, 2016 7:51am Jul 28, 2016 7:51am
Smooth sailing today.

CADCHF to TP.

LuXing
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Wisdom begins in wonder
  • #34,419
  • Jul 28, 2016 8:24am Jul 28, 2016 8:24am
Let´s see how this one plays out. A bit overstretched but I think it should made it.
Stoploss one pip below NY Open.
Beach time now.

LuXing
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Wisdom begins in wonder
  • #34,420
  • Edited 1:20pm Jul 28, 2016 11:21am | Edited 1:20pm
EURGBP TPd.
Mmm, that bounce off the 161 fibs almost like a self fulfilling prophecy

LuXing
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Wisdom begins in wonder
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