Thread: DONT trade Udines 00 level Strategy

Originally Posted by ;

quote... I have built an EA after the rules 100%. No discretion from the bot. No errors. In back and foward tests it was a loser...

FxMasterGuru, can you share the EA here? I would like to run it on MT4 Strategy Tester.

Stay green!

Dear,
Hi, I'm from India.
I am attempting to interpret the rules on the Index such as Bank nifty on mt4. Nevertheless, the clear levels are like this as seen on screenshot. Can you please assist me the way to make modifications? So that it gives levels.
Waiting to understand your reply.
Regards,
Ravi

I am quoting this post and rewriting here at Bold.
I totally agree with this individual:

Originally Posted by ;

I'm currently examining 3 EA's. All of them dependent on the rules of the way I trade manually. They do an excellent job for the most part but they cannot, and never will be able to find things like data prints, market sentiment and an entire host of other factors that only a discretionary eye can see coming ahead of time. Last week's data prints delivered the EA's to a tail spin rapidly. I'd just fine .

Originally Posted by ;

An EA left to it's own devices will do fine so long as market conditions do not change from it's If/Then logic. But market changes occur quite...

sorry if this isn't what you would love to listen from a Real Trader.
Sorry if the above announcement could be unsatisfactory both for mechanical and for manual Traders
Welcome to Reality

Anyone who believes that,s 00 level egy is going to make them profitable may be in for a difficult ride....
Reasons below:

1. There seems to be a lot of ambiguity surrounding his principles for trading the machine, for example made it very clear that people needed to follow the rules as posted in page 1 however as some people started to eliminate money trading his system stated that there was more to it than just sticking to the principles.

2. Risk reward is terrible=lose $10 to win $5 minus spread commission....leaves an ordinary risk/reward of shed 11 to acquire 4. . .anyone using a commonsense approach and a brain would understand that this r/r is going to blow your account and it might take 6 weeks but it is going to happen..An Average of 72.5% win rate needed to breakeven

3. Ask anyone on,s tread to article there account balance and they will fail to do so giving all sort of factors. .think about it a minute if you're profitable would head showing a fast snap shot of your account? . .

4. A mean of 72.5% win rate needed to breakeven

5. Doesn't post his chart until after the function. . .why not state beforehand for example buy the gbp/usd in 1.68500
WHY?? Ill leave you decide.


What's the purpose of udine beginning a tread to post his egy outlining his strict set of principles claiming to be some sort of expert and who seems to be very condescending to newcomer traders.DONT CLAIM TO BE A EXPERT SUCCESSFUL TRADER WITHOUT SHOWING YOUR ACCOUNT BALANCE.