Simplicity is the Ultimate Sophistication | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

Why are we afraid of simplicity? 96 replies

Daily Scalping the Asian High and Asian Low 2 - You want simplicity? 184 replies

Signals for Simplicity 1,144 replies

The Journal of Simplicity Trade 12 replies

Attachments: Simplicity is the Ultimate Sophistication
Exit Attachments

Simplicity is the Ultimate Sophistication

  • #201
  • Mar 28, 2017 8:18am Mar 28, 2017 8:18am
Quoting zentrader8
{quote} 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.
I'd like to give an example to make it clear. Open, close, high and low values of the 8:00 candle are
O : 1.08452
C: 1.08482
H: 1.08500
L : 1.08400

So as soon as 8:00 candle closes and new 9:00 candle starts, we should put a buystop order @ 1.08600 and a sellstop order @1.08300. Am i right?
  • #202
  • Mar 28, 2017 8:18am Mar 28, 2017 8:18am
Right now im testing new money management.
Use only 13 SL, and open two trade .
One take profit at 10 pips,
and another one is BE when 10 pips reached.
Let the second trade run.

IF a trade fail,
dont need to open a bigger lot,
just open two trade like the first trade.
  • #203
  • Mar 28, 2017 8:18am Mar 28, 2017 8:18am
Quoting grandaevus
{quote} I'd like to give an example to make it clear. Open, close, high and low values of the 8:00 candle are O : 1.08452 C: 1.08482 H: 1.08500 L : 1.08400 So as soon as 8:00 candle closes and new 9:00 candle starts, we should put a buystop order @ 1.08600 and a sellstop order @1.08300. Am i right?
Yes you are right.
  • #204
  • Mar 28, 2017 8:24am Mar 28, 2017 8:24am
Quoting zentrader8
{quote} Yes you are right.
Thanks zen. Another example.

O : 1.08452
C: 1.08482
H: 1.08499
L : 1.08401

So buystop @ 1.08500 , sellstop @ 1.08400
  • #205
  • Mar 28, 2017 8:24am Mar 28, 2017 8:24am
Quoting zentrader8
{quote} Sorry, What is the different then?
Well... are you able to confirm points from this list you agree with and you think are good?
  • #206
  • Mar 28, 2017 8:27am Mar 28, 2017 8:27am
Quoting grandaevus
{quote} Thanks zen. Another example. O : 1.08452 C: 1.08482 H: 1.08499 L : 1.08401 So buystop @ 1.08500 , sellstop @ 1.08400
Yup you are right.
as long as the 00 level still untouch, we trade the 00 level.
  • #207
  • Mar 28, 2017 8:29am Mar 28, 2017 8:29am
Quoting zentrader8
{quote} Yup you are right. as long as the 00 level still untouch, we trade the 00 level.
Can you share your template and 00 indicator in post 1?
  • #208
  • Mar 28, 2017 8:35am Mar 28, 2017 8:35am
Quoting fxstaton
{quote} Can you share your template and 00 indicator in post 1?
Sorry i cant.,
because one of the senior member asked me to not share the indicator,
maybe its violated some kind of copyright.

but you can get the indicator on this link
https://www.forexfactory.com/showthread.php?t=203319

or this

https://www.forexfactory.com/showthr...09#post6857209
  • #209
  • Mar 28, 2017 8:38am Mar 28, 2017 8:38am
Quoting zentrader8
{quote} Sorry i cant., because one of the senior member asked me to not share the indicator, maybe its violated some kind of copyright. but you can get the indicator on this link https://www.forexfactory.com/showthread.php?t=203319 or this https://www.forexfactory.com/showthr...09#post6857209
I attached the indicator but it seems nothing appears.
  • #210
  • Mar 28, 2017 8:46am Mar 28, 2017 8:46am
Quoting fxstaton
{quote} I attached the indicator but it seems nothing appears.

Or you can get it on this link
https://www.forexfactory.com/showthread.php?t=487923
  • #211
  • Mar 28, 2017 9:08am Mar 28, 2017 9:08am
For anyone who wants to join icmarkets.
you can use my link:
https://icmarkets.com/?camp=9995
(you can get commissions deduction 1.50 $ /a lot )

Im sorry if i sound selling,but im just helping others to get cheaper commisions here.
its okay if you dont want to use icmarkets. you can trade with others brokers as well.
but make sure if you want to trade this method you have to use a broker which has small spread.
Thanks.
  • #212
  • Mar 28, 2017 11:57am Mar 28, 2017 11:57am
In order to achieve 10 pips profit to 15 pips loss ratio , commission should be added to takeprofit and subtracted from stoploss.

So actual takeprofit should be 10 + commission which is 10+0.7 = 10.7 pips for icmarkets and stoploss should be 15-0.7 = 14.3 pips.
  • #213
  • Mar 28, 2017 5:45pm Mar 28, 2017 5:45pm
Zen. I've been having success with opening two trades too. One in eurusd and one in eurjpy. If both lose, that's it for the day. If both win, again that's it for the day. If one loses and one wins (so down on morning) I then trade the US open but with eurjpy ONLY. From my visual backtesting, this pair trades more consistently in the UK PM / US AM session. I use the 1530-1600hrs UK summer time candle close on m30 chart then same method. 00 level above below that candle high.

I'm not too fussed on the spread. As long as it's around 1 pip that's good enough for me. The strategy will still be profitable.

The downside is that this 'market inefficiency' will end up being arbed away by the SB firms/robots etc if too many people start making money with it. These boards are scanned for this sort of thing. Make hay whilst the sun shines would be my advice!
Trade less and become more profitable!
  • #214
  • Mar 28, 2017 9:51pm Mar 28, 2017 9:51pm
Quoting grandaevus
ZenTrader Ea V01 TradingStartTime = 09:00 for icmarkets mt4 server time, (one hour before London open ) Commission = 0.7 pips for icmarkets (for non ecn accounts, should be 0) Leverage = 10 (for every 1,000$ account balance , ea opens 0.10 lot) EA opens just one trade per day. If stop loss hits and you want to recover your loss by a triple lot size, you have to trade manually. {file}
Does this EA auto trade and without the need to have 00 level indicator??
  • #215
  • Mar 28, 2017 10:42pm Mar 28, 2017 10:42pm
Quoting fxstaton
{quote} Does this EA auto trade and without the need to have 00 level indicator??
Yes.
  • #216
  • Mar 28, 2017 11:02pm Mar 28, 2017 11:02pm
Quoting zentrader8
{quote} Sorry i cant., because one of the senior member asked me to not share the indicator, maybe its violated some kind of copyright. but you can get the indicator on this link https://www.forexfactory.com/showthread.php?t=203319 or this https://www.forexfactory.com/showthr...09#post6857209
I am enjoying this thread. My question is why on EARTH would a senior member ask someone to "not share" an indicator that has been around for YEARS??? It is not a secret. It is free all over this forum and others. I have had it for years, so am not asking for it...but for the "senior" to act like it is some copyrighted forex secret is a bit dramatic....
  • #217
  • Mar 28, 2017 11:15pm Mar 28, 2017 11:15pm
Quoting Jbomb21990
{quote} I am enjoying this thread. My question is why on EARTH would a senior member ask someone to "not share" an indicator that has been around for YEARS??? It is not a secret. It is free all over this forum and others. I have had it for years, so am not asking for it...but for the "senior" to act like it is some copyrighted forex secret is a bit dramatic....
I agree with you. Why should such senior to ask so and I am interested to find out who is the senior and the reason behind.
  • #218
  • Mar 29, 2017 12:58am Mar 29, 2017 12:58am
Talking for icmarkets,

We're right now in 8:00 1 hour candle. This's the candle that we take high/low values.

So as soon as this candle closes, and new 9:00 candle opens we put buy/sell stop orders.

For ea users, TradingStartTime should be 09:00 for icmarkets.

Change it according to your broker's mt4 server time.
  • #219
  • Mar 29, 2017 1:03am Mar 29, 2017 1:03am
BuyStop @ 1.0820
SellStop @ 1.0800
  • #220
  • Mar 29, 2017 1:13am Mar 29, 2017 1:13am
Sellstop has been triggered.

Tp : 1.07900
Sl : 1.08150
0 traders viewing now