August 7th, 2014: MODIFIED First Batch entry (in "trend direction") AND not moving TP levels: image ORIGINAL First Batch entry (in original "countertrend direction") AND moving TP to Level1 after Level2 entry: image

MGH System (Martingale Grid & Hedging)

@rockypoint Nice, man! Where do you activate the TP and SL?

The power of range bars

Good point Eamonn, but as it has been "pointed out" by me, the above ideas fall into the "brainstorming" category. The "stone set" rules were logical and straightforward, at least for me. Only the Stop Loss was not determined, but as with most ...

MGH System (Martingale Grid & Hedging)

What would have been the result by your rules?

The Coin-Flip Theory

Well, I disagree. That "vitriol" might change the behaviour of "Cipollas" (Thomas Mann: "Mario and the Magician").

DON'T trade Udine's 00 level Strategy

August 8th, 2014: MODIFIED First Batch entry (in "trend direction") AND not moving TP levels: image ORIGINAL First Batch entry (in original "countertrend direction") AND moving TP to Level1 after Level2 entry: image

MGH System (Martingale Grid & Hedging)

All the above have some credit, but it was still a morally questionable act by Udine, i.e. to collect an admiring herd and apostles around him and feeding them BS from Page1. As an experienced trader he should have been well aware from the beginning ...

DON'T trade Udine's 00 level Strategy

Some "brainstorming" ideas for further experimentations: 1. First batch entry is in "trend direction": Buy: When price comes from BELOW and touch a grid level (level 1) Sell: When price comes from ABOVE and touch a grid level (level 1) Reasoning: To ...

MGH System (Martingale Grid & Hedging)

Thanks, Sypderman and room217!

MGH System (Martingale Grid & Hedging)

@kfx Do the mentioned profit targets refer to the entire "basket" from Trade No.1. (i.e. including all already closed trades' profits) or only to the last open batches at the final close? Thanks!

MGH System (Martingale Grid & Hedging)

Well, I can just repeat myself (although it is out of the scope if this thread). 1. 30k is definitely not worth to give up the EA, not even 300k. (Although 3M might be a fair offer.) Why? It would be stupid to saturate the entry and exit levels, ...

DON'T trade Udine's 00 level Strategy

I have just noticed that - at this moment - MORE TRADERS are viewing this blog than the original LEVEL00 strategy blog (88 vs. 57!)... It tells a lot... Maybe EVERYTHING... Congrat pj9999 for starting this thread!

DON'T trade Udine's 00 level Strategy

Showing the performance of the EA was not for "bragging". Someone had stated that a mechanical EA could not produce consistent stable profits. Simply to support my argument against this limited horizon statement (i.e. "if I cannot do it, then it is ...

DON'T trade Udine's 00 level Strategy

I have asked him about that (i.e. signal providing)... He could make 20k-30k per month easy and risk free just by posting his trades to interested subscribers. He has frankly refused it... Why...? Take a guess...! (HINT: If you think that he does ...

DON'T trade Udine's 00 level Strategy

Another question: Why does Udine not teach his followers about his "discretionary pearls"...? For example, a brief Price Action analysis about why a "by-the-rule trade" is not taken would be a nice gesture. Maybe once a day. Just two sentences. ...

DON'T trade Udine's 00 level Strategy

It seems that pj9999' thread and intentions have been taken out of context. Some facts: 1. Udine has posted a bunch of his personal rules. 2. He stated that he had doubled TWO demo accounts within 6 months by using the "rules". 3. He stated that he ...

DON'T trade Udine's 00 level Strategy

Sure, most newbies lose their funds (at least statistically), but everybody deserves an HONEST fighting chance without being intentionally mislead by some "RULES", rules which actually work only if they are violated sometimes. Actually it gives a ...

DON'T trade Udine's 00 level Strategy

Forex is full of BS and scams (unfortunately) and similarly to pj9999 I kind'a feel obliged to warn people to avoid pitfalls. Although I don't care about anybody else's financial freedom (as stated above), I do care about warning people ...

DON'T trade Udine's 00 level Strategy

I guess, enough said. Anybody who has taken the time to read this thread got his fair warning by PJ9999 and me. For the rest: Good Luck with Level00 BS...!

DON'T trade Udine's 00 level Strategy