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Trading Made Simple

  • #65,921
  • Feb 18, 2016 1:21am Feb 18, 2016 1:21am
Hello friends,
2 x 100 pips

How to setting MT4 to show circles (enter and exit positions)

regards, dan
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  • #65,922
  • Feb 18, 2016 1:53am Feb 18, 2016 1:53am
Quoting mousteven
Hello Everyone: Like to share with you guys my EURCAD D ME/ME Trade SUMMARY The setup candle was on D chart 2/16 and I entered short. Only set 3 sell limit pending orders usign 0.5ADR(100) distance, just in case, I was busy and missed an entry when price went up. If need to enter the 4th entry, I would like to do it manually. Luckily, 2 pending orders got triggered when price retraced. And 2 hours ago, I closed them all to prevent giving back some of my profit to the market. There are several reasons that I wanted to close: 1. The price reached...

Hi,

you did better than me on this one. I think you missed the ME3 trade on your D1 chart posted.

but when you take your trades in D1 better to show the entries and exits on D1 chart.
our trade add-on entries are based on ADR 100 days so they are not TMS entries seen in lower timeframe chart.

however, when we show our trade entries and exits on H4 it can confuse others when they look at the add-on entries were not H4 TMS setups.

below is my trades for this pair shown both in D1 and H4.



Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 07 D1 trades in H4.png Size: 46 KB


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,923
  • Feb 18, 2016 2:02am Feb 18, 2016 2:02am
Quoting Trader MT4
Hello friends, 2 x 100 pips How to setting MT4 to show circles (enter and exit positions) regards, dan {image} {image} {image} {image}

if you want to show your closed trades from your MT4 Account History,

here is how you can do it.

http://www.forexfactory.com/showthre...82#post8411282
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,924
  • Feb 18, 2016 2:06am Feb 18, 2016 2:06am
Quoting omonisha
{quote} Hi mousteven sorry for my lack of understanding. I did not understand your entry. You took the bias from D1 and start your entry from H4? On H4 why you entered after 10 12 red candle in a row? On your H4 chart i can understand 1 valid entry but you did not take thatwhat rules are you applying to enter the market?

very simple, his add-on trade entries are not based on H4 TMS setups in this case.
he is trading D1 chart TF, his initial market entry is based on D1 amd his add-on trade entries are based on using ADR-100days.

there is another ME/ME entry method based on M15 TDI cross after the initial trade entry is done on either H4 or D1 TMS setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,925
  • Feb 18, 2016 2:12am Feb 18, 2016 2:12am
Quoting omonisha
{quote} These questions are all meant to understand for us the chart entry tp exit etc taking bias from the daily and make our entry on LTF to minimize risk. 1. You entered on daily candle that had moved near 500 pips. You didn't wait for it to retrace and give you signal for further move down. Don't you think you risked too much? Price could reversed. Where was price going to hit [ S/R ] first of that move? Did you anticipate that ? 2. Big move usually retrace. What sign was there it was retracing not reversing? 3. Set a limit order. There was...

I see your chart shows you have 2 entries with second entry scale-out with 2 exits, right?

your other entry (above the second entry) still open, right?

Attached Image


you manage your trades manually since you don't place SL and TP in your MT4 terminal, right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,926
  • Feb 18, 2016 2:19am Feb 18, 2016 2:19am
Quoting Ygr
Hi Emm. what is FO and IB and APB? Thank you so much. Your posts are so informative. Can you also post 1hr trades? Even if you don't take them I still belive that I could learn a lot from them...

FO = Frankfurt Open
IB = Inside Bar

...
LO= London Open
NYO= New York Open
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,927
  • Feb 18, 2016 2:28am Feb 18, 2016 2:28am
Quoting emmanuel7788
{quote} I see your chart shows you have 2 entries with second entry scale-out with 2 exits, right? your other entry (above the second entry) still open, right? {image} you manage your trades manually since you don't place SL and TP in your MT4 terminal, right?
Yes
Sad i'm not trying to understand PA
  • #65,928
  • Feb 18, 2016 3:56am Feb 18, 2016 3:56am
Guyz I don't think the expert is running correctly on my MT4. I follow the Emmanuel7788 instruction from this post, what can I do?

Attached Image (click to enlarge)
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It's not over, until I win.
  • #65,929
  • Feb 18, 2016 4:04am Feb 18, 2016 4:04am
I got this HA indicator, maybe you'll find it useful. It shows the HA color just down the price, so you can study candlestick chart and still have the HA.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 Heiken Ashi_SWAlert.mq4   5 KB | 410 downloads

Attached File(s)
File Type: ex4 Heiken Ashi_SWAlert.ex4   10 KB | 378 downloads
It's not over, until I win.
  • #65,930
  • Feb 18, 2016 4:18am Feb 18, 2016 4:18am
Quoting ItaTrader93
Guyz I don't think the expert is running correctly on my MT4. I follow the Emmanuel7788 instruction from this post, what can I do? {image}
Itatrader, It may be due to some naming issue, because the tms monitor is designed to only use the ea's/Indicators named, heiken ashi for example..
or it could be due to the fact that mt4 has a new build.
It's in fear when people show what they truly value.
  • #65,931
  • Feb 18, 2016 4:54am Feb 18, 2016 4:54am
AUDUSD 4H:

BUEB (Or DBLHC?) with TDI crossing up when new candle open. Half position entered immediatly, half position with limit order a bit lower.

3.1% return = 1,5 R

Best,
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  • #65,932
  • Feb 18, 2016 5:00am Feb 18, 2016 5:00am
Quoting ItaTrader93
Guyz I don't think the expert is running correctly on my MT4. I follow the Emmanuel7788 instruction from this post, what can I do? {image}
Don't use it myself but have you got Auto Trading enabled
Never argue with a fool; onlookers may not be able to tell the difference.
  • #65,933
  • Feb 18, 2016 5:06am Feb 18, 2016 5:06am
Hi Emanuel
When you trade d1 tms me/me and you get 5 position in profit do you get more position or just 5 position? when you close your trade ? With tdi flat or another?
  • #65,934
  • Feb 18, 2016 5:07am Feb 18, 2016 5:07am
quick question:

is there a reason most of the more advanced people do not post losing trades? personally, i benefit a bunch from seeing trades that don't work out esp when they were taken by my betters and not just by beginners like me.
  • #65,935
  • Feb 18, 2016 5:22am Feb 18, 2016 5:22am
Quoting floydd
quick question: is there a reason most of the more advanced people do not post losing trades? personally, i benefit a bunch from seeing trades that don't work out esp when they were taken by my betters and not just by beginners like me.
Totally agree, why do we only see winning trades most of the time? it cant be happening all the time, also the thread seems to be more about ME/ME now, not the basic TMS 5 method
  • #65,936
  • Feb 18, 2016 5:29am Feb 18, 2016 5:29am
Quoting floydd
quick question: is there a reason most of the more advanced people do not post losing trades? personally, i benefit a bunch from seeing trades that don't work out esp when they were taken by my betters and not just by beginners like me.

read my post:
http://www.forexfactory.com/showthre...81#post8750381

I had 32 losing trades between Jan 11 and Feb 12.
never possible to have a 100% win rate.
I doubt anyone has win rate better than Big E' 80%
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,937
  • Feb 18, 2016 5:33am Feb 18, 2016 5:33am
Quoting emmanuel7788
{quote} Hi, you did better than me on this one. I think you missed the ME3 trade on your D1 chart posted. but when you take your trades in D1 better to show the entries and exits on D1 chart. our trade add-on entries are based on ADR 100 days so they are not TMS entries seen in lower timeframe chart. however, when we show our trade entries and exits on H4 it can confuse others when they look at the add-on entries were not H4 TMS setups. below is my trades for this pair shown both in D1 and H4. {image} regards,

Hello dear emmanuel.thanks to u for your all help.
i still cant understand how do u conside R/R?
in your first trade with 2 days candle back sl strategy your sl must be more than 420 pips for 100 pips tp
in second one your sl must be more than 500 pips for 42 pips tp
in third one your sl must be more than 400 pips for 145 pips tp
would u please explain how do u consider R/R.
sorry for my weak english language and really thanks to you.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD Week 07 D1 trades in H4.png Size: 88 KB
  • #65,938
  • Feb 18, 2016 5:34am Feb 18, 2016 5:34am
Quoting Scrambleguy
{quote} Totally agree, why do we only see winning trades most of the time? it cant be happening all the time, also the thread seems to be more about ME/ME now, not the basic TMS 5 method

You are confuse 5-Method with Multiple Entries / Multiple Exits ME/ME. These are completely two different things.

TMS 5-Method is the Method, some call that the trading strategy.
ME/ME is Money Management strategy.

If you want to trade TMS 5-Method exactly like Big E, then deposit $10,000 and trade 2 to 4 standard lots.

http://www.forexfactory.com/showthre...34#post4580234
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,939
  • Feb 18, 2016 5:41am Feb 18, 2016 5:41am
Quoting secondpath
{quote} Hello dear emmanuel.thanks to u for your all help. i still cant understand how do u conside R/R? in your first trade with 2 days candle back sl strategy your sl must be more than 420 pips for 100 pips tp in second one your sl must be more than 500 pips for 42 pips tp in third one your sl must be more than 400 pips for 145 pips tp would u please explain how do u consider R/R. sorry for my weak english language and really thanks to you. {image}

Yes, I use R:R.
My R:R is based on basket of trades not just one single trade.
500 pips is hard stop loss
risk is 1% divided into maximum 5 trades of 0.2% to build up to one full position.
trade size is based on using ADR 100 days and not the hard stop loss.
this is for traders who trade with small account and position sizing based on using R and R-Multiple is not possible.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,940
  • Feb 18, 2016 5:48am Feb 18, 2016 5:48am
Quoting emmanuel7788
{quote} You are confuse 5-Method with Multiple Entries / Multiple Exits ME/ME. These are completely two different things. TMS 5-Method is the Method, some call that the trading strategy. ME/ME is Money Management strategy. If you want to trade TMS 5-Method exactly like Big E, then deposit $10,000 and trade 2 to 4 standard lots. http://www.forexfactory.com/showthre...34#post4580234

​Hi Emm no I haven't confused two, I understand that ME/ME is money management with added positions/ exit etc, and the 5 method is Big E`s strategy, I just mean there seems to be a lot of talk about ME/ME which I think is/ will confuse a lot of newbies like myself, just my opinion
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