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Effortless Trading Explained + FAQ

  • #61
  • Oct 23, 2018 9:29am Oct 23, 2018 9:29am
11. Addition of Dotted 7 and Dashed RED and BLUE Clones to the System

One new Linear Weighted Moving Average (Dotted Black): 7, Shifted 1, Set to Close. This will help me to catch trend direction changes earlier. The logic is: while candles stay above it (or below in downtrends), I will feel no suspicion to close any of my open trades. Once any candle closes below it or above it depending on trend direction, I will keep my trade running but I will start watching closer (maybe even start sitting in front of my laptop and watching directly)

Dashed Red TL clones and Dashed BLUE TL clones: They are just clones of the original RED and BLUE Trendlines. But these will also help us to catch trend reversals earlier. The trick is, I will start cloning them right at the opposite end of the candle where we put our classic RED or BLUE Trendlines. If the candle body is very long we will put them onto the body middle. Now, if no candle wick can touch them then all good and it means the trend is intact. But if they get touched or pierced it will mean: careful! And if any close below Dashed RED or close above Dashed BLUE happens I will try to close my trade and open a counter-trend within the following 2 or 3 candles and based on the situation.

Once my experimenting phase is over and it comes out they work well, I will hopefully explain it in more detail here.

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #62
  • Oct 23, 2018 2:39pm Oct 23, 2018 2:39pm
Quoting Ata-Turkoglu
{quote} We can not solely trust MACD. Therefore we use it only as an additional "confirmation" tool. Trading based on "divergence" can be tricky. I suggest that the "Green Line to RED or BLUE TL Breakout" correlations should always come first! Stay Green
I took profit on this and many. but I dont have time to study the magnetic lines yet. i'm just using 1hr and 15min to enter trades with 1:1 rr.

I'm using trading view to enter trades.

edit; I was referring to my posted chart.
  • #63
  • Oct 24, 2018 8:28pm Oct 24, 2018 8:28pm
Here is a view of tradingview chart.

As you can see you can even set an alert. You can set alert for when price crosses down the angle trendline or up.

You can set alerts for macd, linear weighted ma etc.

you dont need any special script its built in.

Here is what I'm gonna try from now on.

For buys I will check to see if a pair is above the 49 lnw ma from Monthly all the way down to 1 hr. And if it is I will either use the 1hr or 15 min to place an angle line and trade off of that. Reverse for sells.
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  • #64
  • Oct 25, 2018 1:09am Oct 25, 2018 1:09am
Quoting Ata-Turkoglu
Study the material, ask if you have questions and leave. Nothing more! Welcome to the "Effortless Trading + FAQ" thread. As you can see from the first line, the thread will not serve for regular chatter like many system threads normally do. I consistently post on my "EURUSD Only" thread, which you can access via this link: https://www.forexfactory.com/showthread.php?t=699860 and if you interested to join the party there be my guest. Here I simply want to keep it limited with only explaining my "Effortless Trading" methodology, from which...

ata turkoğlu zahmetsiz ticaretin sonunda fare kapanı vardır ))))))

ata turkoğlu is a mouse trap at the end of effortless trade ))))))


ata turkoğlu is a mouse trap at the end of effortless trade ))))))
  • #65
  • Oct 25, 2018 8:04am Oct 25, 2018 8:04am
Hey Ata, how is your application of fibo with the system?
  • #66
  • Oct 25, 2018 9:35am Oct 25, 2018 9:35am
Quoting ahmetyasin83
{quote} ata turkoğlu zahmetsiz ticaretin sonunda fare kapanı vardır )))))) ata turkoğlu is a mouse trap at the end of effortless trade )))))) ata turkoğlu is a mouse trap at the end of effortless trade ))))))
Lol. Don't let the title fool you. The real sweat hides behind the "discipline" which nobody can teach you but YOU.

Stay Green
Focus only on what truly matters!
  • #67
  • Oct 25, 2018 9:38am Oct 25, 2018 9:38am
Quoting Caifas
Hey Ata, how is your application of fibo with the system?
I focus on my personal fib levels 88.8 and 57.0 the most. One for max. retracement level and the other for small retracement levels respectively. Especially 88.8 retracements are generally best places to look for bounces.

Stay Green
Focus only on what truly matters!
  • #68
  • Oct 26, 2018 1:44pm Oct 26, 2018 1:44pm
Quoting TudorIoan
{quote} Sorry Ata, the Trendline by Angle are relative all the time if the Vertical Scale is not frozen. If anyone touch the Vertical Scale the angle will change! So the Angled Trendlines has no meaning. I think you meant common Trend Line on certain rules (Not Trendline by Angle) or something.... Edit: ...they are not sqeezed proportionally! that's the problem! ...they show different levels and different trend contact points
Actually, if you think about it, trend by angle is brilliant. If done daily, it captures the market of the moment. When the market is making wider swings, the angle of the trend adapts to it. I like the idea. OT also went into great depth about how to normailze the slope of the line after initiating the angle using slope by angle.

Ata, how often do you redraw your angles?
  • #69
  • Oct 26, 2018 4:41pm Oct 26, 2018 4:41pm
Quoting Sciurus
{quote} Actually, if you think about it, trend by angle is brilliant. If done daily, it captures the market of the moment. When the market is making wider swings, the angle of the trend adapts to it. I like the idea. OT also went into great depth about how to normailze the slope of the line after initiating the angle using slope by angle. Ata, how often do you redraw your angles?
Every Monday, once I create the "Trendline" clones with help of the "Trendline by Angle" I go with them for that week without the need to calibrate. In other words, creating fresh lines every Monday should suffice. But once you get used to creating them, a recheck here and there doesn't even feel like an effort. It takes me 30 seconds roughly to get them ready from scratch

Stay Green
Focus only on what truly matters!
  • #70
  • Oct 26, 2018 11:06pm Oct 26, 2018 11:06pm
Quoting Ata-Turkoglu
{quote} Every Monday, once I create the "Trendline" clones with help of the "Trendline by Angle" I go with them for that week without the need to calibrate. In other words, creating fresh lines every Monday should suffice. But once you get used to creating them, a recheck here and there doesn't even feel like an effort. It takes me 30 seconds roughly to get them ready from scratch Stay Green
Unfortunately I tried many times but still I couldn't get any successful trade using this system
Every time I enter the trade on breakout of blur/red TL suddenly they become support/resistant and price will come back. Even if i wait for pullback, the price will pass the TL and will go to opposite direction . I think still the rule of entry is not clear (atleast for me)
when we have to enter the breakout and when we have to ignore it.
  • #71
  • Oct 27, 2018 3:43am Oct 27, 2018 3:43am
Quoting Zara22
{quote} Unfortunately I tried many times but still I couldn't get any successful trade using this system Every time I enter the trade on breakout of blur/red TL suddenly they become support/resistant and price will come back. Even if i wait for pullback, the price will pass the TL and will go to opposite direction . I think still the rule of entry is not clear (atleast for me) when we have to enter the breakout and when we have to ignore it.
Show me with help of a chart at what places you entered (mark at least 3 locations of losing entries on your example chart) based on your idea of entry and then let me clarify. Let's solve out together what the problem could be.

Stay Green
Focus only on what truly matters!
  • #72
  • Oct 27, 2018 3:50am Oct 27, 2018 3:50am
Hey Ata - great thread and initiative.

Do you mind sharing your own personal experience (years in the game etc) how long you've been sticking to this system, and an idea of what kind of results it has yielded for you personally (I know that the result monthly/yearly varies from person to person regardles if they use the same system)

Thanks in advance, have a great weekend!
  • #73
  • Oct 27, 2018 7:10am Oct 27, 2018 7:10am
Quoting Ata-Turkoglu
{quote} Show me with help of a chart at what places you entered (mark at least 3 locations of losing entries on your example chart) based on your idea of entry and then let me clarify. Let's solve out together what the problem could be. Stay Green
Thanks alot

I would appreciate it greatly if you could show me on the following chart that how and when we can enter the market, it will help me alot
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  • #74
  • Oct 27, 2018 9:02am Oct 27, 2018 9:02am
Quoting Zara22
{quote} Thanks alot I would appreciate it greatly if you could show me on the following chart that how and when we can enter the market, it will help me alot {image}
No, Ata wants from you your own chart with your losing trades. This is chart made by Ata.

By the way interesting thread. I'm gonna look at something later with this.

SF
  • #75
  • Oct 27, 2018 9:36am Oct 27, 2018 9:36am
Quoting SilentFather
{quote} No, Ata wants from you your own chart with your losing trades. This is chart made by Ata. By the way interesting thread. I'm gonna look at something later with this. SF
Yes
sure i understood what he wants

But as i said even showing on same chart which ATA gave us as instruction I can not find the good entries based on the breakout, for example the breakout (5) in the chart of ATA, where will be the good time to enter. if we wait for price to close, then we see the price didnt came back to the breakout point to give us the chance to enter, if we wait for the pull back then we see the price changed the direction and went down
  • #76
  • Oct 27, 2018 10:31am Oct 27, 2018 10:31am
Hey Ata,
Could you please tell us how do you manage your risk?
Another question... Can you give us more info on an exit strategy?
  • #77
  • Oct 27, 2018 10:31am Oct 27, 2018 10:31am
Quoting Ata-Turkoglu
{quote} Show me with help of a chart at what places you entered (mark at least 3 locations of losing entries on your example chart) based on your idea of entry and then let me clarify. Let's solve out together what the problem could be. Stay Green
am i correct to count the signed candles in following charts as the breakout?
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  • #78
  • Oct 27, 2018 11:35am Oct 27, 2018 11:35am
I noticed all the new questions. As soon as I find the time I will answer.

Stay Green
Focus only on what truly matters!
  • #79
  • Edited 12:41pm Oct 27, 2018 12:04pm | Edited 12:41pm
Quoting Zara22
{quote} am i correct to count the signed candles in following charts as the breakout? {image} {image}
I think your issue is with getting the correct angle. And to be able to have a breakout (a candle that closes below trendline in a downtrend) you first must have a candle close above trendline!

Below you can see the same chart period and me using both angles that I mentioned whether it is the 33.3 or the 36.9 (which actually is safer). Read the explanations on the first chart. The second chart is only there to show that entry price gets even better when using 36.9 degrees angle.

I will try to analyze your other case as well. I need some time!

Stay Green
Attached Image(s) (click to enlarge)
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Focus only on what truly matters!
  • #80
  • Oct 27, 2018 12:32pm Oct 27, 2018 12:32pm
Quoting Zara22
{quote} am i correct to count the signed candles in following charts as the breakout? {image} {image}
Here are my comments regarding to your first case. I give you the right, this was tricky, but still, you should never forget that a "close back" candle means danger and you must get out with BE or small loss and worst case would be just a losing trade. It is still okay. But a little experience could help you here to avoid the entry in the first place by just looking at all the red candles which rallied a 100 pips before your entry.

Stay Green
Attached Image (click to enlarge)
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Focus only on what truly matters!
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