Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Trading Made Simple 148,128 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

Attachments: Trading Made Simple(r)
Exit Attachments

Trading Made Simple(r)

Hi All.

This is my very first post but i want to thank RH for opening up and sharing these strategies and for everyone else that has contributed. I am at page 70 but keep on re-reading from page 1 to cement the concepts in my head.

Could i get some feedback on my trades I opened this morning on a DEMO account.

AUD-JPY: Went short on the last bar (just after 10am Brisbane time)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY_20210322_H4.png Size: 49 KB
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_20210322_D.png Size: 51 KB



CHF-JPY: Went short on last bar (as a continuation trade)
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY_20210321_H4.png Size: 49 KB
Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY_20210321_D.png Size: 53 KB

GBPCHF: Went short on crossover (wondering if i went 1 bar too early)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF_20210322_H4.png Size: 49 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF_20210322_D.png Size: 46 KB

Thanks and appreciate any feedback.
Quoting gentleben
Hi All. This is my very first post but i want to thank RH for opening up and sharing these strategies and for everyone else that has contributed. I am at page 70 but keep on re-reading from page 1 to cement the concepts in my head. Could i get some feedback on my trades I opened this morning on a DEMO account. AUD-JPY: Went short on the last bar (just after 10am Brisbane time) {image}{image} CHF-JPY: Went short on last bar (as a continuation trade) {image}{image} GBPCHF: Went short on crossover (wondering if i went 1 bar too early) {image}{image}...
If you ARE going to use the Daily chart for confirmation (which I assume you are since you posted the Daily charts), then it looks like you went short too early on all 3 pairs because the indicators in the lower window had not all crossed below the 50 Purple Line (on the 4 hr chart).

If you are NOT going to use the Daily chart for confirmation, then it looks like you went short too late on all 3 pairs because the indicators in the lower window had all crossed below the 50 Purple Line earlier than when you entered.


Aside from that...

You don't need any extra visual distractions as that requires you to unnecessarily waste some of your mental energy, at least it it does for me. As in..."If it doesn't help, then it hurts".

1. Personally, I would go "inside" of the 2 Stochastics indicators and turn off those arrows on the upper chart. You don't need them, and they are a visual distraction. Change the "showArrows" from true to false.

Attached Image (click to enlarge)
Click to Enlarge Name: Stoch Arrows.PNG Size: 67 KB


2. I would also eliminate those gray dashed Stochastics lines as they are also a visual distraction and we don't use them.

3. I would also turn off the "black" color on the Hull Moving Average (HMA) because it's also a visual distraction.

Attached Image (click to enlarge)
Click to Enlarge Name: HMA Color Settings.PNG Size: 7 KB


4. It also looks like to me that you have one or both of the 5 EMA and the HMA settings wrong.

Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: HMA Settings.PNG Size: 14 KB
Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
{quote} If you ARE going to use the Daily chart for confirmation (which I assume you are since you posted the Daily charts), then it looks like you went short too early on all 3 pairs because the indicators in the lower window had not all crossed below the 50 Purple Line (on the 4 hr chart). If you are NOT going to use the Daily chart for confirmation, then it looks like you went short too late on all 3 pairs because the indicators in the lower window had all crossed below the 50 Purple Line earlier than when you entered. Aside from that... You...

It also looks like either HA or Synergy candles are missing
Go big or go home
Quoting Deminsib
{quote} It also looks like either HA or Synergy candles are missing
You are correct, it's the Heiken-Ashi candles.
Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
{quote} You are correct, it's the Heiken-Ashi candles.
Thanks RobinHood and Deminsib - I have made the changes and continuing to test forward in DEMO mode.
struggling to find better entry relyin on the daily to form a trend takes forever and miss out a lot of good moves on the 4hr on the other hand's lots of pips missed if waiting for cross over on the 4 hr trying to figure out a way to enter more and enter earlier so I won't miss out moves any suggestions
  • Post #6,647
  • Quote
  • Edited Mar 25, 2021 6:54am Mar 24, 2021 1:20pm | Edited Mar 25, 2021 6:54am
Quoting JV1423
struggling to find better entry relyin on the daily to form a trend takes forever and miss out a lot of good moves on the 4hr on the other hand's lots of pips missed if waiting for cross over on the 4 hr trying to figure out a way to enter more and enter earlier so I won't miss out moves any suggestions
There is no foolproof method. However, here's another different method that I often use. You might want to consider trying this to see how it works for you...

1. Stop waiting for the Daily chart...just completely ignore it.

2. Add a 20 SMA and a 200 SMA to your 4 hour charts (this also works on every other time frame).

3. When the 20 SMA is > (greater than) the 200 SMA, only take the long trades when you get a signal.

When the 20 SMA is < (less than) the 200 SMA, only take the short trades when you get a signal.

Just for the sake of clarity, I removed all of the indicators in the upper window in the image below. That way you can BETTER see how price interacts with the 20 SMA and the 200 SMA. * You do not remove any indicators from your charts.

Attached Image (click to enlarge)
Click to Enlarge Name: 20 SMA + 200 SMA.PNG Size: 111 KB


4. I am sure one of the questions will be...what do you do when price is in-between the 20 and the 200?

a) If price is > the 20 SMA, only take long trades.

b) If price is < the 20 SMA, only take short trades.

OR

c) Don't take any trades.


5. NEVER enter any trades when price is far away from the 20 SMA, because price will ALWAYS return back to the 20 SMA.*

* Let me clarify this. A moving average moves based on price, such as: based on the closing price of the past 20 bars to create a line, so if you want to get technical, it's the 20 SMA that always returns back to price. So when I say:

"price will ALWAYS return back to the 20 SMA"

It's just a figure of speech.
Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
{quote} There is no foolproof method. However, here's another different method that I often use. You might want to consider trying this to see how it works for you... 1. Stop waiting for the Daily chart...just completely ignore it. 2. Add a 20 SMA and a 200 SMA to your 4 hour charts (this also works on every other time frame). 3. When the 20 SMA is > (greater than) the 200 SMA, only take the long trades when you get a signal. When the 20 SMA is < (less than) the 200 SMA, only take the short trades when you get a signal. Just for the sake of clarity,...
Robinhood do you have any tips on how to enter the 1 hour. For the past few weeks using the original methods are not profitable and I lost money because this method is mainly trend but we all know the market isn’t always in a Trending mood and is choppy or the risk to reward ratiois usually 1:1. I’ve been back testing the 1 hour and I know you dislike the one hour because you rather use the daily to play trades and move on with life but I notice that for me I don’t mind placing one to two trades a day that gets me a small scalp or small pips because I’m risking the same either swinging or scalping. I notice that on the one hour you get more trades and you don’t have to wait for all the stoch to cross over just focusing on the rsi to cross over but been strugggling just a bit to find a more refine and highly accurate entry method.so far I removed the yellow moving average and focus on the candles and trending indicator color change on the one hour and focusing on the cross over of the rsi for entry. I don’t mind if you have any tips for 15min entry for scalps I don’t mind waking up to trade during high volume times I want to have a consistent trading experience swinging works for a week but next week market could range during four hours
Quoting RobinHood
{quote} There is no foolproof method. However, here's another different method that I often use. You might want to consider trying this to see how it works for you... 1. Stop waiting for the Daily chart...just completely ignore it. 2. Add a 20 SMA and a 200 SMA to your 4 hour charts (this also works on every other time frame). 3. When the 20 SMA is > (greater than) the 200 SMA, only take the long trades when you get a signal. When the 20 SMA is < (less than) the 200 SMA, only take the short trades when you get a signal. Just for the sake of clarity,...
Thanks RH. A couple of questions, if I may. Can this combination of moving averages also be used on daily charts? And you mean by SMA simple moving or smoothed? thank
Quoting WindFreeze10
Couple of people asked how I use the qqe crossing via DM, where I use certain levels (just like above above/below 50 for RSI) so I guess I'll just reply them with this post here instead. So here it goes: I only use the cross, dont really pay much attention to the color change either. I find it good for 1st entry confirmation, continuation is pretty straight forward and this indicators can be laggy due to the big candle movement's impact on atr calculation. Understand the calculations and observe how it behaves should pay things forward. For example,...
Hi Windfreeze,

unfortunetly, i cant reach out to you via private message. I guess you have your reasons. I have read that you are a funded trader. Im a funded trader as well with FTMO sucessfully with Robins Hoods System. Your wrote somewhere in the thread that you mostly trading the Daily Chart, in correspondence with the weekly chart. Are you also trading with FTMO?

I'm currently trading the system with Daily and Weekly chart on my private account, and my winrate is there way higher. With FTMO I'm trading the 4h and Daily. My Question regarding the trading is how you make the Daily and Weekly work with the Trading Rules (not holding a trade over the weekend and so on?) I thank you in advance very much for your kind response.

Best of Luck at the markets!

Konrad
Quoting RobinHood
{quote} There is no foolproof method. However, here's another different method that I often use. You might want to consider trying this to see how it works for you... 1. Stop waiting for the Daily chart...just completely ignore it. 2. Add a 20 SMA and a 200 SMA to your 4 hour charts (this also works on every other time frame). 3. When the 20 SMA is > (greater than) the 200 SMA, only take the long trades when you get a signal. When the 20 SMA is < (less than) the 200 SMA, only take the short trades when you get a signal. Just for the sake of clarity,...
Dear RH. I used to add the SMA 20 as you said for a while, but if you look closely we can see that when the price is above the SMA20, the RSI is also above the 50 center line. 200 SMA is also the correlation between the chart is higher than 1 time frame, ie the price is above SMA200 on the H4 frame, the RSI of D1 is also above the 50 line. So I wonder if we only consider when the price is above the MA200, only buy and vice versa for when the price is below the MA200. This can make our chart look less confusing
Are the mt5 servers down? Just can't connect. I am in India. Anyone else also experiencing this problem?
Quoting KonradGER
{quote} Hi Windfreeze, unfortunetly, i cant reach out to you via private message. I guess you have your reasons. I have read that you are a funded trader. Im a funded trader as well with FTMO sucessfully with Robins Hoods System. Your wrote somewhere in the thread that you mostly trading the Daily Chart, in correspondence with the weekly chart. Are you also trading with FTMO? I'm currently trading the system with Daily and Weekly chart on my private account, and my winrate is there way higher. With FTMO I'm trading the 4h and Daily. My Question...
Hi KonradGER,

Yeah, too much messages. Don't want to be rude for not replying but also cant reply every single one of them since I recently joined a family office here in Singapore. Still doing my trading on daily tf with the prop firm tho.

I am not with FTMO so the weekend rules don't apply to me. If you want to hold for longer period maybe 5ers or CTI can be a better choice.
CTI is exploring to increase to 3 accounts per trader, with max capital around USD 6 mil (its still in discussion) and 5ers allow each trader to have USD 1.28 mil with 3 account max. I used to take on FTMO challenge but realize it wasn't really suits my style well plus it involves a bit on gambling to hit 10% a month so didn't go with FTMO in the end.

I went to your page and seems like you're using ichimoku as well. I haven't gone through your videos but using it to determine daily bias and make things a bit more surgical using lower time frame with Robinhood's method can have extra confluence. Less entries but can save a lot of pips from unnecessary losing.

Best of luck to your trading too. Happy to see another prop firm trader here as well.

Cheers
Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
Quoting JV1423
{quote} Robinhood do you have any tips on how to enter the 1 hour. For the past few weeks using the original methods are not profitable and I lost money because this method is mainly trend but we all know the market isn’t always in a Trending mood and is choppy or the risk to reward ratiois usually 1:1. I’ve been back testing the 1 hour and I know you dislike the one hour because you rather use the daily to play trades and move on with life but I notice that for me I don’t mind placing one to two trades a day that gets me a small scalp or small...
I don't have any suggestions because I find that the time frames below 4 hours will often chew up any profits that you did manage to make when the market gets choppy.

The only suggestion that I can offer off the top of my head is to try what I wrote in Post # 6625.
Always a Student, Never a Master - Emulate What Works
  • Post #6,655
  • Quote
  • Edited Mar 26, 2021 6:18am Mar 25, 2021 6:34am | Edited Mar 26, 2021 6:18am
Quoting iDentist
{quote} Thanks RH. A couple of questions, if I may. Can this combination of moving averages also be used on daily charts? And you mean by SMA simple moving or smoothed? thank
Yes, they can be used on daily charts. I use them on every chart I look at now BECAUSE I have always used them on Daily charts, so when I change time frames they are still there. Add them, you won't be sorry. In fact, you'll often be amazed.

*The 50 SMA is also very popular on Daily charts and above.

They matter because most professional traders have those 2 ma's on their charts, so they become a self-fulfilling prophecy just because so many traders have them on their charts.

Look the 20 and 200 sma's on GameStop (GME) on a 3 min. chart this morning...

Attached Image (click to enlarge)
Click to Enlarge Name: GME Today.PNG Size: 166 KB


SMA = Simple Moving Average


One last thing...if you trade stocks, you should also add the 50 SMA to every chart.

Here's a 3 min. GameStop chart. The 50 SMA is the white line:

Attached Image (click to enlarge)
Click to Enlarge Name: 50 SMA.PNG Size: 195 KB
Always a Student, Never a Master - Emulate What Works
Quoting Jonhathan123
{quote} Dear RH. I used to add the SMA 20 as you said for a while, but if you look closely we can see that when the price is above the SMA20, the RSI is also above the 50 center line. 200 SMA is also the correlation between the chart is higher than 1 time frame, ie the price is above SMA200 on the H4 frame, the RSI of D1 is also above the 50 line. So I wonder if we only consider when the price is above the MA200, only buy and vice versa for when the price is below the MA200. This can make our chart look less confusing
I used to add the SMA 20 as you said for a while, but if you look closely we can see that when the price is above the SMA20, the RSI is also above the 50 center line.

Generally speaking, you are right, but it is not always true.

----

So I wonder if we only consider when the price is above the MA200, only buy and vice versa for when the price is below the MA200. This can make our chart look less confusing

You could do it, BUT...I think you miss out on far too many good trades doing that.
Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
{quote} I used to add the SMA 20 as you said for a while, but if you look closely we can see that when the price is above the SMA20, the RSI is also above the 50 center line. Generally speaking, you are right, but it is not always true. ---- So I wonder if we only consider when the price is above the MA200, only buy and vice versa for when the price is below the MA200. This can make our chart look less confusing You could do it, BUT...I think you miss out on far too many good trades doing that.
I completely agree that if only Buy when the price is above the MA200 and only Sell when the price is below the MA200, I will miss out on a lot of opportunities and I have not found a way to fix it. Especially on D1 framework as I am trading. I will try the same way as you share. Thanks very much.
Quoting MalvernTrust
Silver Short entered based on H1 new Stochastic color based entry method and H4 old confirmation. Also contra crowd is a perfect hedge. When Stochastic color changes, I will exit. {image}
I haven't got the chance to test this yet, but I'm a bit confused about something. On this chart you've posted, how could you take a short position on the candle at the vertical line based on new RH method? Please correct me if I'm wrong but at the time when this candle closed, the stochastic oscillators were grey. The colors must have appeared during the next candle, but even in this case you have to wait until that candle closes to have the color confirmed.
So my logic says that when analyzing a historic chart, the actual entries (and exits) are one candle after the coloring started (ended).
Hi guys I have been looking for this Currency Strength Meter, can anybody who has it send please.
Quoting Tisetso98
Hi guys I have been looking for this Currency Strength Meter, can anybody who has it send please.
How bout this one?
Attached File(s)
File Type: ex4 Currency Strength Giraia 28 pairs TRO MODIFIED.ex4   41 KB | 273 downloads
File Type: mq4 Currency Strength Giraia 28 pairs TRO MODIFIED.mq4   22 KB | 255 downloads
4 traders viewing now