Trading Made Simple | Page 4050 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #80,981
  • Jul 24, 2017 6:56am Jul 24, 2017 6:56am
Quoting Sheeep44
{quote} Do you personally still use Synergy PB or just normale japanese candlesticks? I personally like the Japanese ones, a little easier to watch them as the average price bars.. But you sometimes can't really decide if it is candle #1 or #2 as they might react a little quicker to changes since they immediately change colour and APB doesn't what is your opinion on this? Only use pretty decent size candles for entry and skip the doji's because they would just turn blue in a strong up- or downtrend?

Hi,

I look at the Bar chart with the APB/HA candle in background. All my PA uses bar patterns not the HA candles.

If there is a Doji bar, I treat that as market indecision or neutral and ignore it.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,982
  • Jul 24, 2017 7:21am Jul 24, 2017 7:21am
Hi, emmanuel EURJPY in D sell?
Attached Image (click to enlarge)
Click to Enlarge Name: RoboForex - MetaTrader 4 EURJPY 24 07_LI.jpg Size: 1.9 MB
  • #80,983
  • Jul 24, 2017 7:30am Jul 24, 2017 7:30am
Hi enzzo,
Post 80,971

i have some doubts. i will trade intraday only crude oil. so which TF i select? and the arrow mark signal's are show the lower TF's. else how to trade using your indicators and signals.where the entry point and exit point. please upload the pictures for me..... thankyou.
  • #80,984
  • Jul 24, 2017 8:19am Jul 24, 2017 8:19am
Aud/Usd crossed down daily chart though still high away from PAC. One to watch. Could take a reasonable drop from here if it can't reach 0.8
  • #80,985
  • Jul 24, 2017 10:34am Jul 24, 2017 10:34am
Quoting emmanuel7788
EURAUD Jul 24 H1 LO candle trade taken with Enzzo' EA. {image}
Is there a particular reason that made you close your position in the 1.4670 area?
  • #80,986
  • Edited 11:24am Jul 24, 2017 10:58am | Edited 11:24am
Quoting emmanuel7788
{quote} Week 29 Jul 17 to 21 trades closed (15 trading days) This week my win rate dropped 1% from last week 68%. But the account grew so far 8.1% and still have not reach my 10% for the 20-trading days cycle. Nest week, I have to work harder and try my best not to screw up and can achieve the 10% by Friday next week. {image}

Hi Emmanuel.
Nice trading!

After some weeks ME with the "lotto way" I can see the advantage of this kind of moneymanagement.
While one satellite account doubled (Gcad since 3 weeks short),
did the second one half its value.

What did I learn from first steps with it?

... simple... one +100% , other around-50 = +50%

With single entries I would be anywhere around BE or +1-2% with these 2 charts traded charts.
keep the system as a system and don t try to close it how I would do it with a single entry ( open opposite pac = close).

It is too early to leave a valuable post, because its just a couple of trades and really not enough to have a statistic.

In a couple of months when our group collected more experience.. will be the right time to leave better posts.


Thank you for all the good informations and tips you gave us here in this thread.

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #80,987
  • Jul 24, 2017 11:23am Jul 24, 2017 11:23am
Quoting Enzzo
{quote} Hi! If you want use fixed pips, try this option: {image} {file}
Hi Enzzo,

Wow, that was a quick reply! Good work Enzzo.

I think I did not explain my idea clear enough. What I meant was this:
Let the EA use the HA for determining the stop-loss. As it was initially designed.
Now only if this stop loss is less then the minimum stop loss it should increase it to the requested minimum.

Example 1:
The EA determines, based on previous HA candle, that the SL must be 60 pips away. Then the EA will set that SL. Done.

Example 2:
The EA determines, based on previous HA candle, that the SL must be 30 pips away. This is less than the requested minimum of, say, 50 pips. The EA will then use the SL of 50 pips.

The effect of this would be that we have the possibility to prevent being stopped out in cases where the HA candles are not really big.
I am sorry that I was not clear in my previous post.

Greetz, Jansb000
  • #80,988
  • Jul 24, 2017 12:22pm Jul 24, 2017 12:22pm
Gudevening everybody, I am a new member and trader of this system which really attracted me and I am doing a demo practice on this system. Today I made an entry after satisfying Big E primary requirments. However it is now giving minus -60 Pips kindly guide me where i have been wrongly gone. Attached is my order screen and current PA for your guidance.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad-buy 24072017.png Size: 126 KB
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-07-24_audcad current.jpg Size: 271 KB
  • #80,989
  • Jul 24, 2017 12:51pm Jul 24, 2017 12:51pm
Quoting Jackbahrain
Gudevening everybody, I am a new member and trader of this system which really attracted me and I am doing a demo practice on this system. Today I made an entry after satisfying Big E primary requirments. However it is now giving minus -60 Pips kindly guide me where i have been wrongly gone. Attached is my order screen and current PA for your guidance.{image}{image}
I assume you took a long position.
I suggest you check that the Daily trend agrees with H4 before taking an H4 position. Same for H4 when you take an H1 position.
In this case, the Daily trend is bearish and, even if there was potential to make money on an H4 buy, there was an H4 resistance at 0.9985-ish level dating back to Friday.

PASR is always more powerful than TDI

Hope this helps
  • #80,990
  • Edited 4:22pm Jul 24, 2017 2:21pm | Edited 4:22pm
Quoting tejaharine
Hi enzzo, Post 80,971 i have some doubts. i will trade intraday only crude oil. so which TF i select? and the arrow mark signal's are show the lower TF's. else how to trade using your indicators and signals.where the entry point and exit point. please upload the pictures for me..... thankyou.
Hi! 80 896
It works on current TF
  • #80,991
  • Jul 24, 2017 6:23pm Jul 24, 2017 6:23pm
Quoting Jackbahrain
Gudevening everybody, I am a new member and trader of this system which really attracted me and I am doing a demo practice on this system. Today I made an entry after satisfying Big E primary requirments. However it is now giving minus -60 Pips kindly guide me where i have been wrongly gone. Attached is my order screen and current PA for your guidance.{image}{image}
Look at my multi-charts below as of last Friday close.
Looking at PA with a top down approach - start at MN, then at the W1 and D1 , then decide if you want o be buyer or seller this week when market opens.
Which is the higher probability trade direction?

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD Week 30 Jul 24 - 28 BPP.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,992
  • Jul 24, 2017 6:34pm Jul 24, 2017 6:34pm
Quoting darko2010
{quote} Is there a particular reason that made you close your position in the 1.4670 area?

It was 'set and forget' type of trade and the exit was managed using Enzzo' expert which set the R:R 1:2.
SL was above the high of the previous candle of the entry candle.

From my experieince, I see that Enzzo' expert has a lot of potential which can be further customized with different trade management preference like THV CaveManager.
Right now, the basic functions - for e.g. the the limit order and placement of SL and TP (single entry /single exit) is working very well.

Try it folks, it will help you learn and focus on picking only the best setups and let the expert do the work. Its a great trading tool to start with.

Thank you very much Enzzo.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,993
  • Jul 24, 2017 6:40pm Jul 24, 2017 6:40pm
Quoting AskAngel
Hi, emmanuel EURJPY in D sell? {image}

Based on last week closing, the W1 is an Inside Bar. There is potential for the next big move.
But as for now, this week we can trade the 4H swing both ways - buy and sell, as long as we can pick the swing high and swing low.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Week 30 Jul 24 - 28 BPP.png Size: 63 KB


Just watch closely the previous 2 weeks highs and lows. And pay attention to the news and market events, listen to the market and it will tell you when to trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,994
  • Jul 24, 2017 6:50pm Jul 24, 2017 6:50pm
Important post by cat.

Read it and better understand that TMS is trading the price momentum.

https://www.forexfactory.com/showthr...4#post10117434

Do not try pick tops and bottoms through faulty logic thinking, read a few books and mixing up what book authors wrote.

Attached Image (click to enlarge)
Click to Enlarge Name: Market_trends and picking tops and bottoms.jpg Size: 99 KB


Trading is an art not science. But there is a huge difference how an artist trade the market and how a trader trades the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,995
  • Jul 24, 2017 7:20pm Jul 24, 2017 7:20pm
Whether people like it or not, Trading Made Simple 5-Method is trend trading. There is a trend in every different timeframe chart we look at.

Another good thread started by Graviton on Trend Trading.

I suggest you start reading his thread soon ans keep up with his posts there and learn from him. He is a very knowledgeable trader and has been in this business for long time. What is more important is his contribution here in Forex Factory to help others.

Graviton also has another thread "Multi-Lot Multi-Timeframe Position Trading" where I learned a lot from.

Have fun and enjoy the learning journey/
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #80,996
  • Edited 7:44pm Jul 24, 2017 7:25pm | Edited 7:44pm
Quoting emmanuel7788
Important post by cat. Read it and better understand that TMS is trading the price momentum. https://www.forexfactory.com/showthr...4#post10117434 Do not try pick tops and bottoms through faulty logic thinking, read a few books and mixing up what book authors wrote. {image} Trading is an art not science. But there is a huge difference how an artist trade the market and how a trader trades the market.
Furthermore:

1. Continuation pattern = Trend following.

2. Reversal pattern = Swing trading.
Time always comes before price
  • #80,997
  • Edited Jul 25, 2017 1:19am Jul 24, 2017 7:56pm | Edited Jul 25, 2017 1:19am
Quoting jansb000
{quote} Hi Enzzo, Wow, that was a quick reply! Good work Enzzo. I think I did not explain my idea clear enough. What I meant was this: Let the EA use the HA for determining the stop-loss. As it was initially designed. Now only if this stop loss is less then the minimum stop loss it should increase it to the requested minimum. Example 1: The EA determines, based on previous HA candle, that the SL must be 60 pips away. Then the EA will set that SL. Done. Example 2: The EA determines, based on previous HA candle, that the SL must be 30 pips away. This...
Attached File(s)
File Type: ex4 eaCHHA.ex4   32 KB | 375 downloads

Attached File(s)
File Type: docx Description.docx   745 KB | 453 downloads
  • #80,998
  • Jul 25, 2017 1:07am Jul 25, 2017 1:07am
Quoting Enzzo
{quote} {file} {file}
Hi Enzzo
Again thanks for valuable development in the EA and the very good thing is the Description.doc which was very much needed for guidance.
Thanks
arasheed
  • #80,999
  • Jul 25, 2017 1:08am Jul 25, 2017 1:08am
@ Enzo - What is the MKT?
  • #81,000
  • Jul 25, 2017 1:25am Jul 25, 2017 1:25am
Quoting andreiu
@ Enzo - What is the MKT?
If LMT is for Limit Order

then MKT would be for Market Order.

I used that this morning to place an instant market order.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
41 traders viewing now