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Trading Made Simple

  • #80,881
  • Jul 19, 2017 3:27am Jul 19, 2017 3:27am
Quoting chnp
{quote} cool. i use excel to caculate the be level. thanks.

Now you can see on your chart how close you are to the breakeven level, right?

If you manage your 3 ME trades well, and when price move down to between ME1 and ME2, you can close these 2 trades at BE (one win , one loss) , and keep ME3 running with stop loss at your entry level + few pips for your hardwork.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,882
  • Jul 19, 2017 7:18am Jul 19, 2017 7:18am
Here are my results after @3 weeks with Trading Made Simple strategy
Attached Image (click to enlarge)
Click to Enlarge Name: Trading.png Size: 25 KB
  • #80,883
  • Jul 19, 2017 7:27am Jul 19, 2017 7:27am
Quoting andreiu
Here are my results after @3 weeks with Trading Made Simple strategy {image}
Nice result
  • #80,884
  • Jul 19, 2017 8:59am Jul 19, 2017 8:59am
Quoting emmanuel7788
{quote} Hi, No need to be sorry for your absence in this thread. this is not my thread but anyway welcome back. You did miss quite a lot in the last 6 months. We trade the D1 chart and using mechanical rules for entry and exit. Try read up the recent posts on what the mechanical rules are. The basic TMS 5-Method remains the same. Instead of the 5EMA Typicla Price, Shift+3 you can use the Price Action Channle 5SSMA set to High-Low. Note, the 10EMA Close price is the middle line of the PAC, so there is very little difference. The key is trading with...
Thank you I am reading from February
  • #80,885
  • Jul 19, 2017 11:13am Jul 19, 2017 11:13am
Quoting emmanuel7788
{quote} yes. Place that on a chart and do some demo trades with variable lot size trade entries.
Hi Emmanual,
I'm just reviewing that ME/ME PDF document you did for Tibovwh, and I had a few questions around the trailing SL's you mention, my questions highlighted:


- The hard Stop Loss is set in your trading terminal and sent to the broker. Use of hard Stop Loss is only for the protection of your trading account in the event of massive big move against your open positions. This is still our technical SL which we use to calculate incremental lots sizes from?
1- Every open trade/position must be protected with a stealth mode trailing SL which is manage by the trade manager.
2- The trailing stop loss is manage by the trade manager in stealth mode i.e. these stop loss are not sent to your broker.
3- The trailing stop loss is set to trail at a fix pips distance from the average entry price of all open positions/trades.

Are points 1,2,3 all the same thing you are talking about i.e. the trailing stop for the basket average entry price? But when using incremental lot sizes, isn't the average entry price the break even level for the basket? or are points 1-2-3 all different stealth trailing SL types managed by the trade manager?
  • #80,886
  • Jul 19, 2017 2:17pm Jul 19, 2017 2:17pm
Quoting andreiu
Here are my results after @3 weeks with Trading Made Simple strategy {image}
fantastic!

which is your main timeframe ?
  • #80,887
  • Jul 19, 2017 3:02pm Jul 19, 2017 3:02pm
Quoting Uk1
{quote} Hi Emmanual, I'm just reviewing that ME/ME PDF document you did for Tibovwh, and I had a few questions around the trailing SL's you mention, my questions highlighted: - The hard Stop Loss is set in your trading terminal and sent to the broker. Use of hard Stop Loss is only for the protection of your trading account in the event of massive big move against your open positions. This is still our technical SL which we use to calculate incremental lots sizes from? 1- Every open trade/position must be protected with a stealth mode trailing SL...
Hi,

the hard stop loss (aka POSL=PowerOutStopLoss) is set in the the MT4 terminal seen by the broker.
the technical stop loss is the R=Risk the pips distance of initial SL which is use to calculate the trade lot size, aka the Position Size.

Big E use the last swing high/low for his initial SL and he also used another method for his initial SL (not the last swing high/low). What is this method?

points 1, 2 and 3 in my pdf #69,715 to Tibovwh are same and also can be different depends on the broker and how you want to look at MT4 accounting.
for simplicity in coding the trade manager functions, I treat them as the same, i.e. for all open trades, simply calculate the average entry price using the open price and lot size.
*be careful what you use, the Bid and the Ask price.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,888
  • Jul 19, 2017 3:03pm Jul 19, 2017 3:03pm
Quoting andreiu
Here are my results after @3 weeks with Trading Made Simple strategy {image}

I like what I see...

obviously you did somethings the right way.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,889
  • Jul 19, 2017 3:05pm Jul 19, 2017 3:05pm
Quoting bistolis
{quote} fantastic! which is your main timeframe ?
H4
  • #80,890
  • Jul 19, 2017 3:07pm Jul 19, 2017 3:07pm
Quoting emmanuel7788
{quote} All these 3 pairs you picked have potential to make money but you need to plan early when the previous month closed and do your top down analysis and look at the price action from the MN, to the W1 and then look at the D1 to look for trades. Example below with my EURCAD trades open in Week 27 and ran through Week 28. Now with one open position and one limit order above. Total trades closed last Friday 34 trades. Total nett 876 pips in 10 trading days. MN chart when Jun closed, that was a nice BEOB candle closed. So this month July I look...

EURCAD 1.4365 is in sight for this week.

Be warned! ECB Bid Rate announcement on Thursday European hours. Be prepared for the shock and you wont regret being better prepared when trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,891
  • Jul 19, 2017 3:10pm Jul 19, 2017 3:10pm
Quoting bistolis
{quote} fantastic! which is your main timeframe ?

who created the timeframes?

in real, there is no timeframe when we trade the price-time series.

have you read this thread "The Monty Hall Problem applied to trading."?
https://www.forexfactory.com/showthread.php?t=662550
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,892
  • Jul 19, 2017 3:18pm Jul 19, 2017 3:18pm
AUDUSD looking strong, already hit 100% of its 52-week average weekly trading range of 153pips.
Strong trending move can reach 120% so 0.8000 BRN is in sight.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,893
  • Jul 19, 2017 3:31pm Jul 19, 2017 3:31pm
Quoting emmanuel7788
{quote} Hi, summer break will last till end of June. It was good to spend time doing other things and also catch up with some reading and revisions of trading models. Looking at XAUUSD charts now, it is still not ready to invest my money and buy next week. I'll wait for another week and to see how this June MN will close and also the W1 candle close next week. The W1 price action looking at the price bars/candles does not favour any buying next week. I trade Gold with other indices and do not sell nor short-sell these, so overall I wait another...

XAUUSD Week 29

I am still waiting for :
W1 to close above its 10EMA
D1 to close above its 10EMA/50EMA/200EMA

then I will be buying again.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 29 Jul 20.png Size: 48 KB


Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Multi-charts.png Size: 67 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,894
  • Jul 19, 2017 4:19pm Jul 19, 2017 4:19pm
GBPCAD reached monthly swing line so I decide to close the 2 oldest trades of the MEME-Position, now letting 2 trades open and will look if price will close the next days under it....
....also closed EURUSD cause ECB bid rate today

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD.JPG Size: 133 KB


regards
  • #80,895
  • Jul 19, 2017 4:40pm Jul 19, 2017 4:40pm
Quoting Deichkind
GBPCAD reached monthly swing line so I decide to close the 2 oldest trades of the MEME-Position, now letting 2 trades open and will look if price will close the next days under it.... ....also closed EURUSD cause ECB bid rate today {image} regards

GBPCAD Week 29 Jul 20

I see its heading into potential support zone but on D1 we have room for more profits. ... if breaking that big candle low seen.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD MN BPP support zone.png Size: 20 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Week 29 Jul 20 multi-charts.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,896
  • Jul 19, 2017 7:15pm Jul 19, 2017 7:15pm
01.
If we see a signal and want to trade long then click LMT button on EA.
The EA will set limit order on half body of current Heiken Ashi, put the stoploss on low of previous Heiken Ashi and takeprofit equals sl*2. Bid must be higher then center of body of current Heiken Ashi.
Attached Image (click to enlarge)
Click to Enlarge Name: 01.jpg Size: 28 KB


02.
When the candle is growing then EA tralls limit order to new center of body of current Heiken Ashi. Therefore distance to takeprofit too changes.
When the candle is reduced, limit and tp no changes.
Attached Image (click to enlarge)
Click to Enlarge Name: 02.jpg Size: 33 KB


03 a.
If the price is not hooked order, and formed a new candle, then limit order jump to new candle and sl/tp updates.
Attached Image (click to enlarge)
Click to Enlarge Name: 03 a.jpg Size: 30 KB


03 b.
If the price is hooked order, and formed a new candle, then stoploss jumps to next low of Heiken Ashi.
Attached Image (click to enlarge)
Click to Enlarge Name: 03 b.jpg Size: 29 KB
Attached File(s)
File Type: ex4 Synergy_APB.ex4   4 KB | 438 downloads
File Type: tpl #02 TMS.tpl   25 KB | 506 downloads
File Type: ex4 iInfo.ex4   51 KB | 421 downloads
File Type: ex4 eaCorrectorHalfHeikenAshi.ex4   17 KB | 433 downloads
  • #80,897
  • Jul 20, 2017 12:16am Jul 20, 2017 12:16am
Quoting andreiu
Here are my results after @3 weeks with Trading Made Simple strategy {image}
hello mate , nice results what TF do you use ? I see that you hava made 180 trades thats a lot . Thanks !
You attract what you think in any area of life, relationships and trading!
  • #80,898
  • Jul 20, 2017 12:17am Jul 20, 2017 12:17am
USDCAD Jul 20 H4 BUOB alert.

If you want to take a counter trend trade, this is a good one.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Week 29 Jul 20 H4 BUOB.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,899
  • Jul 20, 2017 12:21am Jul 20, 2017 12:21am
Quoting Eushev24
{quote} hello mate , nice results what TF do you use ? I see that you hava made 180 trades thats a lot . Thanks !
Hi Eushev24,

In only trade on H4 timeframe! i trade 24 pairs! once at 4 hour i take a look at the chart and if i like what i see i enter the trade! I use a SL of 40 Pips!

Nest week i will start trading live!!
  • #80,900
  • Jul 20, 2017 12:26am Jul 20, 2017 12:26am
Quoting Enzzo
01. If we see a signal and want to trade long then click LMT button on EA. The EA will set limit order on half body of current Heiken Ashi, put the stoploss on low of previous Heiken Ashi and takeprofit equals sl*2. Bid must be higher then center of body of current Heiken Ashi. {image} 02. When the candle is growing then EA tralls limit order to new center of body of current Heiken Ashi. Therefore distance to takeprofit too changes. When the candle is reduced, limit and tp no changes. {image} 03 a. If the price is not hooked order, and formed a...

Hi Enzzo

Very good trading idea and nice EA. I try it now.

What does iInfo indicator suppose to show? Closed orders or current open orders?

Thanks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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