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Simplicity is the Ultimate Sophistication

  • #181
  • Mar 27, 2017 1:38am Mar 27, 2017 1:38am
Hello every1, we start 1 hour early today is summertime!

I long already from 1.0850 and price nearly the TP, wow now my trade trigger the TP.

start green the week, thanks zentrader!
  • #182
  • Mar 27, 2017 3:34am Mar 27, 2017 3:34am
TP already.
Green pips today.



Attached Image (click to enlarge)
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  • #183
  • Mar 27, 2017 3:38am Mar 27, 2017 3:38am
You still have the wrong time, or it's not clear where your TP
  • #184
  • Mar 27, 2017 3:55am Mar 27, 2017 3:55am
that was my trade today, you see the M1 chart and the big green and red candles are the H1 candle

my broker server time is +1 to the euro summertime, you see on the bottom of the chart

Attached Image (click to enlarge)
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  • #185
  • Mar 27, 2017 4:00am Mar 27, 2017 4:00am
[Quote = 4x4free; 9.711.059], che era il mio mestiere oggi, si vede il grafico M1 e le grandi candele verdi e rosse sono la candela H1 mio tempo di server broker è +1 per la stagione estiva di euro, che si vede nella parte inferiore del grafico { image} [/ quote]

Your Trade understand. I run it, too, it is to do not understand Zen.
  • #186
  • Mar 27, 2017 4:16am Mar 27, 2017 4:16am
Sorry, i forgot to change the indicator to one hour earlier,
I took the trade from the phone.
so i dont pre attention when i screenshot it and upload to forexfactory.
because today market start earlier.
Below chart is the correct one

Buy stop
@1.0860
TP at 1.0870

Attached Image (click to enlarge)
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  • #187
  • Mar 27, 2017 7:58am Mar 27, 2017 7:58am
Zen you can find several variations of GU or London breakout EA's i don't know are you re-inventing wheel, there are many varations of these, and easily found.
  • #188
  • Mar 27, 2017 10:48am Mar 27, 2017 10:48am
Quoting kk100
Zen you can find several variations of GU or London breakout EA's i don't know are you re-inventing wheel, there are many varations of these, and easily found.
This must be one of the best breakout EA:s: Volceq from mastercoder xux99.
https://qforex.ml
  • #189
  • Mar 28, 2017 1:00am Mar 28, 2017 1:00am
I've coded an ea for this strategy. I'm going to upload it after testing ends.
  • #190
  • Mar 28, 2017 1:05am Mar 28, 2017 1:05am
Broker : icmarkets
Buystop : 1.0880
Sellstop : 1.0860
  • #191
  • Mar 28, 2017 1:08am Mar 28, 2017 1:08am
Sellstop @ 1.0860 has been triggered.

TP : 1.0850
SL : 1.0875
  • #192
  • Mar 28, 2017 1:51am Mar 28, 2017 1:51am
TP has been reached. Mission accomplished.
  • #193
  • Mar 28, 2017 2:06am Mar 28, 2017 2:06am
Quoting grandaevus
Sellstop @ 1.0860 has been triggered. TP : 1.0850 SL : 1.0875
right, same I have this Trade. good job!
  • #194
  • Mar 28, 2017 2:09am Mar 28, 2017 2:09am
@zentrader if high or low of the previous candle is 1.xx000 like 1.08600, then buystop or sellstop should be 1.08600 or next 00 point which is 1.08700 for buystop , 108500 for sellstop.
Thanks in advance.
  • #195
  • Mar 28, 2017 2:16am Mar 28, 2017 2:16am
Anyone share 00 Level indicator please
  • #196
  • Mar 28, 2017 2:41am Mar 28, 2017 2:41am
Quoting MemO_KinG
Anyone share 00 Level indicator please
https://www.forexfactory.com/showthr...09#post6857209

or this

https://www.forexfactory.com/showthread.php?t=203319

check this post the sweetspotgold indi
  • #197
  • Mar 28, 2017 5:26am Mar 28, 2017 5:26am
Hi Everyone,

I am following this tread and reading your posts. I think it is really helpful but it still can be misleading. Let me sum up our rules for you to review and to modify if necessary.

Zen Trader Method:

  1. Play major pair with low spread, most commonly EUR/USD
  2. Use 1H chart with marks at 00 levels
  3. Focus on market openings, most commonly London open (8:00 GMT) but you can also use NY Open, Tokyo Open etc...
  4. Two hours before market open (6:00 GMT) watch 1H candle and mark her HIGH and LOW, those are your reference points
  5. If next candle (7:00 GMT) breaks one of your reference points (HIGH or LOW from previous candle) you go this direction
  6. At the point next candle breaks one of your reference points you immediately put pending BUY (if it is HIGH direction) or SELL (if it is LOW direction) entry point is nearest 00 price level
  7. Take profit is 10 pip, Stop Loss is 15 pip
  8. If it is a success you finish for today
  9. If it is failure, you go the opposite direction in the next trade. So if you went SELL and lost, in next trade you go BUY (with the same Take profit is 10 pip, Stop Loss is 15 pip) but with bigger position
  10. Your ENTRY POINT in next trade is nearest 00 price level on the opposite side of candle at 7:00 GMT


BUT... to be honest, reading more of this tread leads me to different conclusions, and different method:


Zen Trader Method v2:

  1. Play major pair with low spread, most commonly EUR/USD
  2. Use 1H chart with marks at 00 levels
  3. Focus on market openings, most commonly London open (8:00 GMT) but you can also use NY Open, Tokyo Open etc...
  4. Two hours before market open (6:00 GMT) watch 1H candle and mark her HIGH and LOW, those are your reference points
  5. You mark closest 00 points above and below your reference points at the higher you put BUY STOP and the lower you put SELL STOP
  6. Whichever is trigged first you go this direction
  7. Take profit is 10 pip, Stop Loss is 15 pip
  8. If it is a success you finish for today
  9. If it is failure, you go the opposite direction in the next trade. So if you went SELL and lost, in next trade you go BUY (with the same Take profit is 10 pip, Stop Loss is 15 pip) but with bigger position
  10. Your ENTRY POINT in next trade is nearest 00 price level on the opposite side of candle at 7:00 GMT


As zentrader8 is not fluent in english I encourage all of you to help add comments and evolve this thread.

Thank you guys!

  • #198
  • Mar 28, 2017 8:02am Mar 28, 2017 8:02am
Quoting grandaevus
I've coded an ea for this strategy. I'm going to upload it after testing ends.
thanks, it would be great if you can code the strategy into EA.
It should be next 00 level,
so if it is already touched at the 8(2 hours before london open candle) then we will trade the next 00 level.
  • #199
  • Mar 28, 2017 8:03am Mar 28, 2017 8:03am
Quoting Plainview
Hi Everyone, I am following this tread and reading your posts. I think it is really helpful but it still can be misleading. Let me sum up our rules for you to review and to modify if necessary. Zen Trader Method: Play major pair with low spread, most commonly EUR/USD Use 1H chart with marks at 00 levels Focus on market openings, most commonly London open (8:00 GMT) but you can also use NY Open, Tokyo Open etc... Two hours before market open (6:00 GMT) watch 1H candle and mark her HIGH and LOW, those are your reference points If next candle (7:00...
Sorry,
What is the different then?
  • #200
  • Mar 28, 2017 8:13am Mar 28, 2017 8:13am
TOday trade.
Ended in green pips.
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