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Trading Made Simple the right way, and other trading lessons 332 replies
Monitor for 'Trading Made Simple' system 563 replies
Indicators for the 'Trading Made Simple' system 343 replies
MTF Indicators for the 'Trading Made Simple' system 241 replies
Trading Made Simple system follower - Thanks to eelfranz 9 replies
DislikedFutures is the real market forex is broker made market based off futures market. Futures has exchange regulations forex has no exchangeIgnored
DislikedAUDUSD Week 04 Jan 24 H4 trade example taken by the EA when the price close above the PAC high and move SL to BE+10pips. {image}Ignored
DislikedEC if it goes to target... Come on guys, if you all 'will it' we may get there after a pullback? {image}Ignored
Disliked{quote} its original source code for trade management is MPTM by SteveHopwood. mentioned many times n this thread. simple keyword search will work. You need to code the entry rules and the exit management rules according to how you want to trade with TMS 5-Method. or you can use THV CaveManager for trade manager but it won't open any trade. You need to open the trade and let CaveManager manage the stops. There is not need for any commercial EAs required. If you want to trade with MEME, there is also an open source trade manager which works and the...Ignored
Disliked{quote} The uptrend started 5 bars ago, this is why I have my reservations with the limits of this approachIgnored
DislikedScalping 4hr charts makes no sense and when you get in late also is a recipe for disaster imopIgnored
Disliked{quote} Hi Emm, Ref - "If you want to trade with MEME, there is also an open source trade manager which works and the best thing is it is also free." Can you share the link for this open source trade manager please? Cheers! SachuIgnored
Dislikeddarko like anything new it takes time. do you think i woke up 1 day and knew it all I still make mistakes don't give up so easily here is a video of my crap day https://youtu.be/L9KHaYmWJt8Ignored
Disliked{quote} Hi darko, In using the PAC, the trade entries are usually late compared to the use of 5EMA Typical Price,Shift+3. This is reason why Big E considered this to be conservative. Below POMO charts shows the possible early entry and also the consolidation area seen with H4 Inside Bar then the breakout bar/candle. If I were watching my chart then I would have taken an earlier entry but since I was not at my computer all the time , I set the MTPM EA was set to 'buy only' and it will use the PAC as the filter for a setup bar/candle to trigger the...Ignored
DislikedI think this is both mine and 'D's argument, when we see or read about trading the Daily or 4 hourly charts, especially with the term 'scalping'. These are swing trades. Here is why i personally don't understand such huge timescales; {image} I read someone exited a trade earlier through 'boredom'. As i've written before there are two places to watch for, either Support/Resistance being an exact point and then look for a pinbar reaction to leave either a wick (short) or leg (long) and take the trade upon the following candle break or if it is deeper,...Ignored
Disliked{quote} Thanks Emmanuel. Have you read my thoughts I posted this weekend about entering long, not when upper PAC is broken but when APB re-enters the lower PAC in an established uptrend in a higher timeframe? I did that on USD pairs yesterday On a different note, I got rid of of TDI altogether, not useful when you have eyes. And I am not a fan of the alternative typical price shift 3 as it defines the market only as buy or sell whereas PAC also shows a no-trade zone for a particular TF.Ignored
Disliked{quote} Hi darko, Yes and Big E did the same when he was tweaking the Synergy system. He would sell when the APB close below the upper PAC and buy when the APB close above the lower PAC. Later on, he took the 5EMA from another system to replace the both PAC yellow lines. The RSI or TDI is just to confirm if the previous 2 to 7 bars/candles show momentum hence it is lagging. Getting rid of that TDI is progress in the right direction.. you have removed the 'learning wheels'. Do you have ForesTester v3? https://www.forexfactory.com/showthr...59#post9381959...Ignored
Disliked{quote} In support of what Emmanuel said, you can remove the training wheels (TDI), but I still like to use the TDI as confirmation of price direction and strength of that move as evidenced by the angle of the TDI, and not necessarily an entry signal since it is lagging. I like to use a multiple moving average so that I can easily see the trend. But a combination of the TDI as a momentum indicator, MMA and PAC = a good system! This example shows two entries on the NU where we had a break of the PAC supported by the MMA and TDI bounce. The other long breaks of the PAC where not supported by the classic TDI bounce or good angle. NOTE: ALL short signals against the MMA would have failed. {image}Ignored