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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 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

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Trading Made Simple

  • #94,901
  • Mar 22, 2019 4:15am Mar 22, 2019 4:15am
Quoting deltaone
{quote} sorry, canīt disagree more about that topic. blowing up is absolutely no part of the risk that "we all" take. it is very likely at the beginning, but later on itīs a shame. and itīs a disgrace to promote such gambling to noobs. if this strategy would be a financial product, it would never get licensed by bafin or other regulators for retail clients. taking losses is part of the game, thatīs true. itīs high risk gambling getting married with huge positions. market will take each of them out sooner or later. never ever taking over-night risk...
once an ass-wipe always an ass-wipe.You are a joke
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In trading, you have to be defensive and aggressive at the same time
  • #94,902
  • Mar 22, 2019 4:23am Mar 22, 2019 4:23am
Quoting Davit
{quote} once an ass-wipe always an ass-wipe.You are a joke {image}
good evening mr. torrance

Inserted Video
fortis fortuna adiuvat
  • #94,903
  • Mar 22, 2019 8:17pm Mar 22, 2019 8:17pm
Quoting RickM
{quote} Hi Heispark I have 8 explorer accounts so who knows what your looking at, I will check it out. I run 7 live accounts from 4 brokers and run three EA accounts with 4 manual trading accounts. Five of them are going well, two bad and will shut those EA,s down. Maybe it’s from one of those accounts. That screen shot was from a account I showed, the drawdown has hit 20% for 2 days in February but normally runs at 5%. Today the drawdown is 3%. Trading with EA’s is no different to normal trading, a few work but most fail.
Hi Rick,



Trading with an expert advisor as your trade manager is just to automate the trading tasks which you would normally perform at your trading computer.
Here I am not talking about using any trading robot to trade TMS 5-Method. I am saying use a trade manager to place add-on trades and manage the trades exits of all open positions. The trader needs to initiate the buy or sell decisions and let the expert advisor handle the trading tasks when the trader cannot be at his trading computer 24 hours.
Important that the trader knows he has to intervene his trade manager EA and take manual control at certain times, for example yesterday when the PMI data was release and euro fell sharply.

DrawDown, I avoid letting floating DD exceed 20% when trading single pair accounts. I have several of these small accounts $5K each which are my "kedge accounts". Usually DD of 10% to 15% is manageable and can be recovered. I do run these kedge account with up to 50% DD at times and cut-losses. Top up kegde accounts with profits from the Pool Account.

However, I trade multiple pairs in one account (Pool Account), I do sometimes let the DD in one pair exceed that 15% and only when I see other pairs are in good profits and the overall DD does not exceed that threshold DD 10%. This is how I leverage on trading multiple pairs in one larger account. I manage the overall DD in a pool account. Use kedge account to live forward tests of new trading ideas, etc.

It is a good strategy to manage both account balance and equity keeping both very close together and knowing when to activate that "safety valve" when the market conditions are no longer favourable for your trade plan.
I like the Monty Hall problem applied to Trading (click link) by Mingary and traders must learn that and develop their money and risk management in their trading systems.

Therefore my conclusion :

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,904
  • Mar 22, 2019 8:27pm Mar 22, 2019 8:27pm
Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

Quoting eelfranz
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so... I'll only enter if the candles are medium length or larger... wish me luck ...
Those 2 posts above go back to June July 2011,

how many of you actually did follow them and have done your forward testing in the past 7-8 years?

If some0ne did not know what that means neither sure, he should have done his reading and also have done his back-testing and forward-testing, and he would have learn a lot from doing both and not just reading.

[/quote]Post 94,885 Look at these words in reference to BigE's post: post 1: .... give it a try.... post 2: .... report the results in a week or so What did BigE mean by that? Not sure myself, so be careful.[/quote]

I hear and I forget.

I see and I remember.

I do and I understand.
- Confucius (551 BC - 479 BC)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,905
  • Edited 11:33pm Mar 22, 2019 11:21pm | Edited 11:33pm
Quoting heispark
{quote} I mean the one shown on your profile page. There's only one TE you shared (am I missing something?). I attached screenshots I took two days ago... {image}{image}
WARNNING: Don't share screenshots of Trade Explorers or you will run into the risk of getting banned.

Funny that someone one took a screenshot of second TE of Tan Warp just before it was taken down.

Quoting emmanuel7788
I hear and I forget. I see and I remember. I do and I understand. - Confucius (551 BC - 479 BC)
Confusing Confessions of Confucius
Videsha Mudal Welenda
  • #94,906
  • Mar 23, 2019 2:24am Mar 23, 2019 2:24am
Follow TDI
Other week gone by and M15H1 has done it again.

Using only what is listed below:
1. Every-time M15 TDI makes a crossover:
- check with V-Line if:
a. H1 TDI green angle confirm the same direction.
b. Both TDI green are:
- Between 2 / 4 no trade.
- Between 2 / 1 and 4 / 5 are good signals to enter a trade.
- Between 12 / 1 and 5 / 6 are the best signals to enter a trade.
c. Both Stoch confirm direction.
1. Grow the account bit by bit.
2. Keep doing it over and over every day.
-----
The angle of TDI green is extremely important for both TDI's. Stoch must confirm direction. Have come to realis using these two time frames with only those check point's I did not even bother to use price action or post#647.

Four indicator's agree with in predefined thrash-hole (TDI angle) place the trade, baby sit the trade until BE (break-even plus profit), BE get stumped out, place second trade as long as the same four indicator's agree with in predefined thrash-hole.
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  • #94,907
  • Mar 23, 2019 2:50am Mar 23, 2019 2:50am
Can anyone help me to find V-Line attached file for mt5 and mt4.Thanks.
  • #94,908
  • Mar 23, 2019 3:54am Mar 23, 2019 3:54am
Quoting Celal
Can anyone help me to find V-Line attached file for mt5 and mt4.Thanks.
whatever V-Line you have in mind will not work with the OP's Post#261 and his trading rules when using his TDI Red Green Post#25.

don't waste your time looking for indicators which lags the price. There is no indicator that can predict the future of price and what the price will do.

there is no predictive TDI as advertised in some forex website and sold online. It is a scam... be warned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,909
  • Mar 23, 2019 4:10am Mar 23, 2019 4:10am
Let's clear up the nonsense that is spewing out from one member here regarding what is lagging and what is not.

EVERYTHING LAGS THE PRICE. That includes PA (Price Action, not to be confused with Price), which encompasses candles formations like Head and Shoulders, Pop Guns, Inside Bars etc etc etc and it also includes the candles themselves. The candles are not 'painted' until the candle period has closed. So in the case of the H4 candle, it cannot be relied upon until the 4 hour period has completed and the candle painted. When the candle updates at the end of the period, so too does the stoch and TDI, RSI, MACD and the PA formations.

EVERYTHING LAGS THE PRICE...PERIOD.

Don't be fooled by someone who doesn't even use the TDI (he says) and has an agenda of his own. The TDI is an integral part of this system of eefranz and if you no longer use it for whatever reason, there are many Price Action threads to go to.

Here is a graphic of 'Price'

Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #94,910
  • Mar 23, 2019 4:28am Mar 23, 2019 4:28am
It is fact that the all versions of the TDI lags the Price. Of course we know PA lags price too. But we should read PA the way Big E had advocated in his posts using the HA candles.

But Big E was right in the way he traded with his version of the TDI Red Green Post#25. That version works the way Big E used it to pick his trade setups and he was right when he wrote his rules for the way he traded.

You must look at live market realtime and follow Post#261 and also post#647.

Another member is spewing nonsense about his M15H1 V-line method in this thread. He has his own agenda.

I posted this below many times:

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.

Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,911
  • Mar 23, 2019 4:33am Mar 23, 2019 4:33am
Quoting eelfranz
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average... With bounce trades the odds are lower for your success... but it still works. When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Am I in an uptrend or downtrend.. short & long term... Am I in or close to a consolidation area Are the previous candles small... Look at the candles on the last...

Here is Post#647. It is about price action the way the OP described.

Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor. Why? Because I'm expecting 3-8 candles... which is average...

With bounce trades the odds are lower for your success... but it still works.

When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:

How close am I to the previous high or lo

Am I in an uptrend or downtrend.. short & long term...

Am I in or close to a consolidation area

Are the previous candles small...

Look at the candles on the last reversal... big, little, what

How does the momentum look right now (12-2, 4-6)

Does Stoch's confirm the TDI signal

Sounds like a lot of stuff but it's basic stuff and only takes a moment to observe it...

If you don't already know these things... don't trade live yet... www.babypips.com is a good place to learn about the basics of trading 4X
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,912
  • Mar 23, 2019 4:39am Mar 23, 2019 4:39am
Quoting mi5mi6
{quote} Cantinflas, I think just focus on the trading methods. Whichever one that fits your style. Genuine/non-genuine people get called out most of the time. And if you're a newbie, there's a lot to learn. Same for me.
You are absolutely right. We should all focus on trading matters.

LOL.

Looks like he went to other thread and got his membership revoked.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,913
  • Mar 23, 2019 4:48am Mar 23, 2019 4:48am
What is the benchmark for bickering?
Post 94,910
............. Another member is spewing nonsense about the TDI is not in the winning edge equation his M15H1 V-line method in this thread. He has his own agenda.
  • #94,914
  • Mar 23, 2019 4:59am Mar 23, 2019 4:59am
Quoting Tekkies
What is the benchmark for bickering? Post 94,910 ............. Another member is spewing nonsense about the TDI is not in the winning edge equation his M15H1 V-line method in this thread. He has his own agenda.
@Tekkies,

selective reading again?

must read the complete conclusion.

Too much time is being spent on TDI and Stochastics,
Too little time on Price Action and Support/Resistance.
And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run.
You need to find your WINNING EDGE and the TDI is not in the winning edge equation.

on my agenda list is to expose scams like this one below which I did few years ago.

preying on innocent people in this thread for their money.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS bullshit found online 20-04-2016.png Size: 719 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,915
  • Mar 23, 2019 5:01am Mar 23, 2019 5:01am
Would you please make a video?

Thanks in advance.
  • #94,916
  • Mar 23, 2019 5:32am Mar 23, 2019 5:32am
Quoting emmanuel7788
{quote} @Tekkies, selective reading again? must read the complete conclusion. Too much time is being spent on TDI and Stochastics, Too little time on Price Action and Support/Resistance. And no time spend on Money Management, Risk Management for entries and exits, When and How to Let Profits Run. You need to find your WINNING EDGE and the TDI is not in the winning edge equation. on my agenda list is to expose scams like this one below which I did few years ago. preying on innocent people in this thread for their money. {image}

Yea right. Like the phase "selective reading".
"Another member is spewing nonsense about the TDI is not in the winning edge equation his M15H1 V-line method in this thread. He has his own agenda."
----
Highlight's what you post on a regularly base. Where in any of BigE's post IN THIS THREAD did he post what you post about TDI?

Don't know how you are able to link what you post to a scam web-page or is it a lame attempt to divert reader's to a unrelated subject.

Rather put you back on mental ignore where you belong.
  • #94,917
  • Mar 23, 2019 6:45am Mar 23, 2019 6:45am
Dear Tekkies, I can't find v-line file for mt5. Instean of it can I use zig zag indicator, It's default variables are depth:12 deviation:5 backstep:3. How can I change theese variables to looks like v_line.
  • #94,918
  • Mar 23, 2019 6:56am Mar 23, 2019 6:56am
Quoting Celal
Dear Tekkies, I can't find v-line file for mt5. Instean of it can I use zig zag indicator, It's default variables are depth:12 deviation:5 backstep:3. How can I change theese variables to looks like v_line.
Look for this simbole on the information bar:
Attached Image (click to enlarge)
Click to Enlarge Name: vline.PNG Size: 12 KB

You also need to find a TDI indicator that is compatible MT5 platform.
Example TDI green red.ex5 or Google search "TDI indicator for MT5"
  • #94,919
  • Mar 23, 2019 7:18am Mar 23, 2019 7:18am
Quoting Celal
Dear Tekkies, I can't find v-line file for mt5. Instean of it can I use zig zag indicator, It's default variables are depth:12 deviation:5 backstep:3. How can I change theese variables to looks like v_line.

@Celal,

Big E warned us not to add anything but you want to play with some tools.

So here are some tools which you can try while you want to learn EVERYTHING. But you don't need EVERYTHING to make money trading the way Big E did.

see these posts by member cja, he is among the best here in Forex Factory.

TDI RSI cross lines:
https://www.forexfactory.com/showthr...17#post9380317

while you at at it playing with trading tools,

try this one - Heiken Ashi in Multi-Timeframes.... also by cja.

https://www.forexfactory.com/showthr...7#post11925717

chart example below:

you need to test these in live market and learn how to use them.

*** important note: You need to make a copy of the Synergy APB and rename that to Heiken Ashi. this will ensure that your APB on price chart and the HA are the same.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS RSI Lines and MTF HAS.png Size: 63 KB


the MTF-HA can be cause your MT4 to pause momentarily, so be patient with it and try refresh your chart just in case.

HINT: Pay attention when the RSI vertical line appears, check the Stochastic for a cross (usually within 1 to 3 bars) and look for the REVERSAL candle.

When M15 HA changed colour, check the next 3 higher TFs e.g. M30, H1 and H4 for same colour.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #94,920
  • Mar 23, 2019 7:26am Mar 23, 2019 7:26am
Quoting Celal
Dear Tekkies, I can't find v-line file for mt5. Instean of it can I use zig zag indicator, It's default variables are depth:12 deviation:5 backstep:3. How can I change theese variables to looks like v_line.

@Celal,

you want to play with ZigZag.

Now play with this MT5 ZigZag - HeikenAshi.

More good stuff using MT5 cominbg up...

see chart example below, it is H8 chart. Starting next month, I go live with MT5 and trading 8-hour chart timeframe. This way I need only to check my trading charts once every 8 hours, 3 times a day.

Attached Image (click to enlarge)
Click to Enlarge Name: MT5 ZigZag Heiken Ashi.png Size: 25 KB


Remember, follow Big E rules in Post#261 when you use this ZigZag-HA candles.
Attached File(s)
File Type: ex5 ZigZag-HeikenAshi.ex5   23 KB | 621 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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