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X-Man's Super Simple System

  • #761
  • Dec 4, 2011 11:56am Dec 4, 2011 11:56am
Quoting viocable
O ic...so to work with this TDI, when the H1 candle close, I must switch between (for. ex.) 4H then back to 1H before making any decision? Thanks
Also you can use the TDI version is updated every tick, which is attached.
Attached File(s)
File Type: mq4 TDI_RT.mq4   9 KB | 691 downloads
Enter Signature
  • #762
  • Dec 4, 2011 5:00pm Dec 4, 2011 5:00pm
Quoting Phx62
Last week was a very busy week for me, without much sleep, but I still managed to get some good trades in. I had already posted Mon & Tues trades. No trades on Wed, Thurs PA was ranging and took a long time to reach profit but Friday was a good trading day....lots of pips. The trading plan is simple and it works. You have to trust the TDI crosses and watch what PA is doing. Thanks to Big E for showing me the system and X-Man, keep up the good work.
Phx62, thanks for the weekly screenshot. It should provide some inspiration for all!

I believe that between X-Man, BigE (get well soon), and the experienced traders' contribution here...Pips can be made weekly and consistently with practice and patience.

Attached is my simple contribution to this thread, the trade management piece of the puzzle which is not talked about much, I'm sure due to lack of glamor . Think of it as your motivational roadmap!

IF you can average just 30 pips/day...
AND you maintain your risk at only 5%
You would have your first million in 28 weeks, based on a 3k USD account and average 30Pip SL.

First and foremost...You MUST master the trading system!

Hope it provides a little motivation and provides some targets to aim for.

Wishing all a successful week!
Attached File(s)
File Type: xls 1M_28Wks.xls   26 KB | 1,285 downloads
Enter Signature
  • #763
  • Edited 5:17pm Dec 4, 2011 5:14pm | Edited 5:17pm
Quoting mshupe
Phx62, could you upload the cave manager pls. That may make it easier to manage the trade.
I know my replies are usually taken as rude, but really, you can find these things by searching, and it takes less time than waiting for a reply

Forex is about learning, you can only learn things by doing them yourself, not having everything handed to you on a silver plate
Attached Image(s) (click to enlarge)
Click to Enlarge Name: search.png Size: 60 KB
Click to Enlarge Name: search2.png Size: 132 KB
Attached File(s)
File Type: ex4 THV CaveManager v1.41.ex4   63 KB | 1,050 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #764
  • Dec 4, 2011 5:59pm Dec 4, 2011 5:59pm
Here is a link to another Trade Management EA produced by Steve Hopwood. The link also includes a PDF instruction manual....
http://www.forexfactory.com/showthread.php?t=89371
  • #765
  • Dec 4, 2011 6:03pm Dec 4, 2011 6:03pm
Quoting vcary
Thank you Phx62!
Regarding thetradeon Thursdayto 16h, it seemsthat there wasapullbackof more than 30pipson the secondcandle.Whydid you decide (and rightly so!)to staystillin thetrade? Psychologicallyit mustbe hard!
vcary
I had moved my stop to -20 and if it had retraced to that point, I would have been taken out. Most of that retracement was above my entry. It didn't come all the way down and I finally got the 50 pips.
To me, the most difficult part of trading has been to master the psychological part of it....not hanging on every tick.....not able to accept losses......giving your trade room to breath.....not exiting too early....etc. It has taken me a long time to accept that we cannot will the market to do anything and sometimes it will take you out no matter what you do. The only way to succeed is to develop your own trading plan that addresses money management and what you will do in any situation, as PA develops opportunities to enter. Determine under what conditions you will enter and do the same for your exits. Each trade will present it's own situations. Study old charts, demo trade, trade small live lots and then put that plan into writing and refine it over time. Eventually you will have a plan that will make you successful (when you stick to it).
  • #766
  • Dec 4, 2011 6:48pm Dec 4, 2011 6:48pm
Quoting Phx62
I had moved my stop to -20 and if it had retraced to that point, I would have been taken out. Most of that retracement was above my entry. It didn't come all the way down and I finally got the 50 pips.
To me, the most difficult part of trading has been to master the psychological part of it....not hanging on every tick.....not able to accept losses......giving your trade room to breath.....not exiting too early....etc. It has taken me a long time to accept that we cannot will the market to do anything and sometimes it will take you out no matter...
The mental part was and still is the hardest part of the game for me. The trade mgmt aspect is the second hardest part.
  • #767
  • Dec 4, 2011 7:06pm Dec 4, 2011 7:06pm
you were probably burned by EA's that enter & exit trades for you, Cavemanager only takes the exit for you, depending on your setting(s)

Takes the emotion out of it, or lets you go do something else.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cm01.png Size: 129 KB
Click to Enlarge Name: cm02.png Size: 111 KB
Click to Enlarge Name: cm03.png Size: 109 KB
It takes a lot for me to IGNORE you, but you can try.
  • #768
  • Dec 4, 2011 7:19pm Dec 4, 2011 7:19pm
Quoting Erebus
you were probably burned by EA's that enter & exit trades for you, Cavemanager only takes the exit for you, depending on your setting(s)

Takes the emotion out of it, or lets you go do something else.
Thanks. Yes it was a complete auto trader ea. I downloaded the instructions, but are there any particular settings for Xman's method? Thanks again for the response.
  • #769
  • Dec 4, 2011 7:27pm Dec 4, 2011 7:27pm
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
here is a pdf with some info about what time the market move the most.... hope you find it useful...
Attached File(s)
File Type: pdf Forex_Traders_Cheat_Sheet.pdf   321 KB | 1,371 downloads
  • #770
  • Dec 4, 2011 7:50pm Dec 4, 2011 7:50pm
Quoting Fitness09
Thanks. Yes it was a complete auto trader ea. I downloaded the instructions, but are there any particular settings for Xman's method? Thanks again for the response.
THAT would requires days of backtesting; backtesting requires specific trade entry, not readily avaliable either with TMS or XSSS methods due to the great degree of discretionary applied by each individual trader
It takes a lot for me to IGNORE you, but you can try.
  • #771
  • Dec 4, 2011 8:14pm Dec 4, 2011 8:14pm
I have been using the ATR (7) to calculate my trade criteria. What happens when the trade is cacluated on one particular ATR, lets say 49, and it changes while the trade is still live? Certainly the sl and tp will change, or do you stick with your original ATR? Thanks

Fitness
  • #772
  • Dec 4, 2011 8:35pm Dec 4, 2011 8:35pm
Quoting X-Man
...
For my swing trading the 4 ema is shift 0 typical
and for my 1H method the 4 ema is shift 2 typical
X-Man, at post 50 you say that 4 EMA is typical shift 0 or 2, but in the template that you placed in the post 1 to Swing in H4, you have 4 EMA applied to the median. Which is correct? Thank you.
Enter Signature
  • #773
  • Dec 4, 2011 10:14pm Dec 4, 2011 10:14pm
Quoting Phx62
I had moved my stop to -20 and if it had retraced to that point, I would have been taken out. Most of that retracement was above my entry. It didn't come all the way down and I finally got the 50 pips.
To me, the most difficult part of trading has been to master the psychological part of it....not hanging on every tick.....not able to accept losses......giving your trade room to breath.....not exiting too early....etc. It has taken me a long time to accept that we cannot will the market to do anything and sometimes it will take you out no matter...
I like your post PHX, I always learn from your charts. Please, keep post every trade you made and the reason behind it so I can learn better day to day.
You're 100% correct, Trading tests my psychology to my bone. thanks!
  • #774
  • Dec 4, 2011 10:25pm Dec 4, 2011 10:25pm
Good morning my fellow S3 traders

I had a busy weekend so i will be replying to you guys posts by today.
Wish all the traders a profitable week ahead.

Lets get pippin
X-man the legendary conqueror of markets
  • #775
  • Dec 4, 2011 10:31pm Dec 4, 2011 10:31pm
Quoting hutrader
X-Man, Is it possible to post next time when you enter the trades?
Yes i will do that but its very hard to post the 1H trades as the markets move very quickly at the London and NY session, at those times i spend watching the charts rather than posting.

The 4h trades are not a problem to post.
X-man the legendary conqueror of markets
  • #776
  • Dec 4, 2011 10:37pm Dec 4, 2011 10:37pm
Your cavemanager post was so funny to me...I think you seem a little rude in your posts (not that you're trying to be rude ;0) But you are correct in what you say and that's much more important.

People should take note of your words (sometimes bitter or not) because they have been proven of use, demonstrated by your voucher. Thanks for your posts.
"IN CASH WE TRUST"
  • #777
  • Dec 4, 2011 10:37pm Dec 4, 2011 10:37pm
Quoting shahrooz67
I am a math student which cares about the stocks and FX ! my calculations in fx is incredibly accurate when combined with your strategy ! the indicator is coded by myself but still hard works needed , when it came to an end i ,will post it here !
thx for your support
Keep us updated on your calculations etc. If you keep getting accurate results then you must be onto something.
I love math.

X-man the legendary conqueror of markets
  • #778
  • Edited 10:55pm Dec 4, 2011 10:38pm | Edited 10:55pm
What do you guys think of EURUSD for this week?

I went short, PA is under EMA60 and it's bouncing off upper channel
Altought I saw the daily timeframe and I got the impression trend it's getting bullish.
TDI has crossed down the red line.

I'm not sure this time


Advise me please
let's skype: @elchinoazul
  • #779
  • Dec 4, 2011 10:40pm Dec 4, 2011 10:40pm
Quoting fxtrade13
How are the fractals considered when entering, exiting a trade? They are not mentioned in the rules, yet they are in the template.

Thanks! :-)
The only thing I use fractals for is to see my high swings and low swings.
You could also use it to trade fractal break, Thanks to Britpip7 to showing me how that works. That guy is another excellent trader
X-man the legendary conqueror of markets
  • #780
  • Dec 4, 2011 10:41pm Dec 4, 2011 10:41pm
Quoting Fitness09
I have been using the ATR (7) to calculate my trade criteria. What happens when the trade is cacluated on one particular ATR, lets say 49, and it changes while the trade is still live? Certainly the sl and tp will change, or do you stick with your original ATR? Thanks

Fitness
Mine are set at the trade entry and I do not change the SL ever. I run with 2 entries so my TP1 will be either 1 or 2XATR(7) with TP2 at either 3 or 4XATR(7), depending on ranging or trend reversal patterns.

Depending on how the trade progresses / reversal patterns, I may exit early and look to re-enter on PA on a Fractal break.
"To live with Passion, it takes Courage and Grace to survive"
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