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Trader Dale - daily trading levels

  • #8,021
  • Edited 10:05am Jun 3, 2017 9:34am | Edited 10:05am
guys, end of month came,
do we show any statements?
pnl,win ratio, etc ?


If u cannot do it here is small help - tools and process that im using since ages




ps forget plots

anyone has simpler idea?



1. install p4l.mq4 script from zip attached [don't remember where it came from , Pips4life made that script I ve added default dz.csv output file name]
2.show may trades in history then run that script
3.install Microsofs's sql server and sql server management studio any version u like [free]
4.run server management studio connect to yr server instance
5. create new database pl
6. right click on database - tools/import - select source as plain text source, then select file "dz.csv from files- mt4 catalog", remove 3 columns x,x,x from imported
then click next next till destination - select db name and click few more next's [read about it how to import file from text to sql server table - clicking only!]
8. open pa6 script and replace there in line 5: dz0417 with yr newly created table name and add yr ea magic number then set in line 10 correct value of avg postion size in lots

run sql script pa6.sql [att in zip], it presents trades and some stats grouped by ma & instrument
Attached File(s)
File Type: zip pa and p4l.zip   39 KB | 191 downloads
  • #8,022
  • Jun 3, 2017 9:47am Jun 3, 2017 9:47am
Quoting HappyMe
Last week I learned a lot I think...hope .... 1) I think that I picked the levels not that bad....anyway there were some bad levels I thought they where good. In the most of those situations I did not looked good enough to the price action around that level. So that's a real learning thing for me. 2) An other thing is...and I don't know how to tackle it at the moment.... a level can be perfect but the market just can decide to blow it away. But when can we expect a level to blow away....one part is special News events like Nonfarm-payrolls....etc...
about 3)
check how class CalendarFilter in my ScalpHelper002 ea is used.
it filters events. depending on yr choice.
ps it takes time it costs time.
  • #8,023
  • Jun 3, 2017 9:58am Jun 3, 2017 9:58am
OK I see u donno how to do it this day,
but as end of month june come we all show ur stats , right?
wins losses and be divided by instrument.

Challenge accepted?
  • #8,024
  • Edited 1:51pm Jun 3, 2017 10:36am | Edited 1:51pm
Quoting januszo
guys, end of month came, do we show any statements? pnl,win ratio, etc ? If u cannot do it here is small help - tools and process that im using since ages ps forget plots anyone has simpler idea? 1. install p4l.mq4 script from zip attached [don't remember where it came from , Pips4life made that script I ve added default dz.csv output file name] 2.show may trades in history then run that script 3.install Microsofs's sql server and sql server management studio any version u like [free] 4.run server management studio connect to yr server instance...
For me ....accepted. If I'm not the only one (All for One and One for All )
On the other side.....I'm not running hot for commentary from some people on my demo and practicing account....because it isn't saying anything about the followed strategy. It is just saying that I manage it well or just make a mess out of it and besides that I'm still practicing! Anyway I just don't like some idiote discussions about that sort of things....

BUT Is it really needed to do it that complex?! I don't think so! There are plenty otherways and just simple solutions to get this information!

The quickest and easiest one is in MQ4 just running the Detailed Report over the last month History, and at the end of the month we copy and past the result as screenshot overhere...
Or everybody can create a trade explorer in eg. MyFXBook....I'm familiar with that. But then it would be ideal that everone is doing it at the same site. Otherwise it cost to much time to go through it...I guess...? That would be also an opportunity.... but again.....only if I'm not the only one!!
You can manage risk, but you can't manage the return
  • #8,025
  • Edited 3:01pm Jun 3, 2017 1:44pm | Edited 3:01pm
no demos.
there are subtle differences between live and demo esp when small sl tp are set.
take $100 or $10 live account and trade it.

it is important to have comparable test ground.
Report
instrument/wins/losses/break even
give such ground.

It will give us some insight i.e. if trade eur crosses or usd etc.
  • #8,026
  • Jun 3, 2017 1:50pm Jun 3, 2017 1:50pm
Quoting januszo
no demos. there are subtle differences between live and demo esp when small sl tp are set. take $100 or $10 live account and trade it. it is important to have comparable test ground. Report instrument/wins/losses/break even it give such ground. It will give us some insight i.e. if trade eur crosses or used etc.
Well in that case.... I'm sorry then I'm not your guy atm!!

Do you already have the results from last month?
You can manage risk, but you can't manage the return
  • #8,027
  • Jun 3, 2017 2:17pm Jun 3, 2017 2:17pm
Quoting HappyMe
{quote} Well in that case.... I'm sorry then I'm not your guy atm!! Do you already have the results from last month?
sure I have.
lets check it after June anyway.

there is no stress when u use ea, but I strongly advice trade live acc, 100 or 10 $,
there could be some stress when u do analysis, so better practice with all that stress present.
  • #8,028
  • Jun 4, 2017 4:50am Jun 4, 2017 4:50am
Quoting spynoza
I will try AU, short 0.74000 {image}
AU not trade, tested.


Quoting spynoza
I will try NZDUSD, short 0.70831 {image}
NU hit SL -12

Win : Loss = 6 : 5 (62 pips : 60 pips).......... not impressive week
Follow the flow of water in a stream
  • #8,029
  • Jun 4, 2017 7:03am Jun 4, 2017 7:03am
Do you use market profile TPO or volume?
1MN/1W/1D?
  • #8,030
  • Jun 4, 2017 1:06pm Jun 4, 2017 1:06pm
Quoting HappyMe
Last week I learned a lot I think...hope .... 1) I think that I picked the levels not that bad....anyway there were some bad levels I thought they where good. In the most of those situations I did not looked good enough to the price action around that level. So that's a real learning thing for me. 2) An other thing is...and I don't know how to tackle it at the moment.... a level can be perfect but the market just can decide to blow it away. But when can we expect a level to blow away....one part is special News events like Nonfarm-payrolls....etc...
great post :-) for 2. I have known Dale to let a level pass at times and enter higher or lower to then give him a positive result. what he watched to do that I don't know. guess you have to ask the man.

Can I ask what you use to determine your direction before price hits the level. perhaps only look at two levels, one above and below current price? I know you want to use an EA to trade.
disappointment and questioning comes from not correctly predicting an event before it happens in my book..
Take 1 step forward, two small steps back
  • #8,031
  • Edited 2:26pm Jun 4, 2017 2:02pm | Edited 2:26pm
Quoting HappyMe
I also add the levels for the coming session for Monday already... I know it's early...but I just was curious.... My EA isn't showing the levels now because the market is closed (no ticks at the moment) ....that's why I just put them in text here. Have a good weekend you all!! EURUSD: long - 1.1219 long - 1.1176 long - 1.1127 AUDUSD: Long - 0.7386 GBPUSD: Long - 1.2821 Short - 1.2959 USDCAD: -- USDJPY: Short - 111.77 Short - 111.61 For the USDJPY I'm a little unsure.... I mean the levels I gave are I think oke but... there are also some other...
and my screenshot...
Attached Image
You can manage risk, but you can't manage the return
  • #8,032
  • Jun 4, 2017 2:43pm Jun 4, 2017 2:43pm
Quoting DrBeercan
{quote} great post :-) for 2. I have known Dale to let a level pass at times and enter higher or lower to then give him a positive result. what he watched to do that I don't know. guess you have to ask the man. Can I ask what you use to determine your direction before price hits the level. perhaps only look at two levels, one above and below current price? I know you want to use an EA to trade. disappointment and questioning comes from not correctly predicting an event before it happens in my book..
Wel firstly I try to indicate in which basic MP we have to deal with. P-profile...b-profile...D-Profile or Thin Profile.
Depending what it is we have support or resistance areas (see the Dales sites Profile articles for a quick overview)

Besides that Dale was in the Video's often mentioning we are in a down-trend.... so I'm only interested in Short-levels and visaversa.

I try to combine that info....for the direction
You can manage risk, but you can't manage the return
  • #8,033
  • Jun 4, 2017 2:52pm Jun 4, 2017 2:52pm
Quoting HappyMe
{quote} Wel firstly I try to indicate in which basic MP we have to deal with. P-profile...b-profile...D-Profile or Thin Profile. Depending what it is we have support or resistance areas (see the Dales sites Profile articles for a quick overview) Besides that Dale was in the Video's often mentioning we are in a down-trend.... so I'm only interested in Short-levels and visaversa. I try to combine that info....for the direction
Sounds good, how about reduce the number of levels you trade post your ideas in a screen shot (so that you don't have too many to comment on or the closest to current price) and hopefully we will jump in (or the more knowledgeable on the forum) each time you decide to trade that level am hoping this will entice a few people to start evaluating their levels with you? Obviously if that is too much late in the day that is understandable.
Take 1 step forward, two small steps back
  • #8,034
  • Jun 4, 2017 4:19pm Jun 4, 2017 4:19pm
eu
1.1332
1.1308
1.1233
1.1215
1.1172
1.1145
1.1126
1.1082

au
0.7660
0.7509
0.7476
0.7423
0.7406
0.7391
0.7372
0.7327
gu
1.30
1.2963
1.2931
1.2902n
1.2853n
1.2833
1.2803
1.2707

nu
0.7156
0.7105
0.7088n
0.7057
0.7042
0.7011
0.6970
0.6930
0.6885
uc
1.3597
1.3573
1.3555
1.3530
1.3467
1.3448
1.3426
1.3404

uchf
0.9678
0.9649
0.9610
0.9575
0.9536
uj
111.88
111.5
110.75
110.37
110.02
109.74
eg
0.8802
0.8781
0.8751
0.8725
0.8708
0.8685
0.8640
0.8604
0.8570
  • #8,035
  • Jun 4, 2017 4:34pm Jun 4, 2017 4:34pm
I hope it will be peacefull day today.. - de&fr have bank holiday .
  • #8,036
  • Jun 4, 2017 4:39pm Jun 4, 2017 4:39pm
Quoting DrBeercan
{quote} great post :-) for 2. I have known Dale to let a level pass at times and enter higher or lower to then give him a positive result. what he watched to do that I don't know. guess you have to ask the man.
What I remember is if a price make rotation few pips below or above the level (5 min TF) it indicates a cumulation of volumes which usually leads to overshooting the level with few pips.
  • #8,037
  • Jun 4, 2017 6:48pm Jun 4, 2017 6:48pm
My level today

AU : long 0.7344 or short 0.7490
UC : long 1.3439 or short 1.3584
EU : level I - long 1.1249 or short 1.1300
: level II - long 1.1191 or short 1.1358
UJ : level I - long 110.12 or short 110.78
: level II - long 109.381 or short 111.52
Attached Image(s) (click to enlarge)
Click to Enlarge Name: A01.png Size: 94 KB
Click to Enlarge Name: A02.png Size: 93 KB
Click to Enlarge Name: A03.png Size: 90 KB
Click to Enlarge Name: A04.png Size: 94 KB
Follow the flow of water in a stream
  • #8,038
  • Jun 4, 2017 11:55pm Jun 4, 2017 11:55pm
You re using c# or Java?
Quoting HappyMe
{quote} and my screenshot... {image}
  • #8,039
  • Jun 5, 2017 2:22am Jun 5, 2017 2:22am
Quoting Koulus
{quote} What I remember is if a price make rotation few pips below or above the level (5 min TF) it indicates a cumulation of volumes which usually leads to overshooting the level with few pips.
Or a resistance or support that will test just above/below and shoot the PA away from the level is also my understanding.
Take 1 step forward, two small steps back
  • #8,040
  • Edited 4:11am Jun 5, 2017 2:25am | Edited 4:11am
Quoting spynoza
My level today AU : long 0.7344 or short 0.7490 UC : long 1.3439 or short 1.3584 EU : level I - long 1.1249 or short 1.1300 : level II - long 1.1191 or short 1.1358 UJ : level I - long 110.12 or short 110.78 : level II - long 109.381 or short 111.52 {image} {image} {image} {image}
Just a personal thought and don't take it for gospel, AU is on a channel up so AU 0.7490 might not work.. having said that I have probably just jinxed my long trade I am in right now!

Edit: literally minutes after I posted this the market reversed!
Take 1 step forward, two small steps back
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