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Trading Made Simple

  • #81,001
  • Edited 3:20am Jul 25, 2017 2:52am | Edited 3:20am
hello
I guess I am doing something wrong
I get this when using the files you shared Enzzo
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the buttons don't seem to work and I can't find the settings for the EA
  • #81,002
  • Jul 25, 2017 3:39am Jul 25, 2017 3:39am
Quoting bistolis
hello I guess I am doing something wrong I get this when using the files you shared Enzzo {image} {image} the buttons don't seem to work and I can't find the settings for the EA

you need to set Allow automated trading in your MT4 platform

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and

also Allow Live Trading in your expert properties..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,003
  • Jul 25, 2017 3:42am Jul 25, 2017 3:42am
Quoting Enzzo
{quote} Make your advisor smiling )) {image} Use EA from this post https://www.forexfactory.com/showthr...9#post10117809
thanks mate, although the buttons still dont work
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  • #81,004
  • Jul 25, 2017 3:58am Jul 25, 2017 3:58am
Quoting Enzzo
{quote} Try to use fixed pips in options.
thanks for your help. but still nothing.

if you dont mind send a personal message to me, so that we don't clutter the thread with my personal MT4 issues
  • #81,005
  • Jul 25, 2017 5:05am Jul 25, 2017 5:05am
Quoting Enzzo
{quote} Check pm
I also have the same issues as bistolis . Please PM me since the button is not working.
  • #81,006
  • Jul 25, 2017 5:09am Jul 25, 2017 5:09am
Quoting macajos
{quote} I also have the same issues as bistolis . Please PM me since the button is not working.
Try to use it on larger timeframes. May be spread doesn't allow to place correct position.
  • #81,007
  • Jul 25, 2017 6:24am Jul 25, 2017 6:24am
Quoting emmanuel7788
{quote} Question: Average entry calculated based on lot size is the true break even level, is that right? Answer: NO. What is your definition of "true break even"? Breakeven must include all other costs of the trade transactions charged by your broker. I trail using the Average Entry Price of all open positions. Keep this simple. I may have taken some losses from some trades (closed positions)in a basket, these losses must be calculated in the Profit&Loss in a given period for example a monthly P&L.This should not be done in your MEME trade manager...
Hi Emm,
So what is the calculation for this average entry price when using incremental lots? Can you please give me an example?
  • #81,008
  • Jul 25, 2017 6:59am Jul 25, 2017 6:59am
Quoting darko2010
{quote} 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
Thank you for the quick response, I will follow the trend dirrection and as advised refer to higher TF to match my decision. Thank you again for your valuable guidance.
  • #81,009
  • Jul 25, 2017 6:59am Jul 25, 2017 6:59am
Quoting Uk1
{quote} Hi Emm, So what is the calculation for this average entry price when using incremental lots? Can you please give me an example?

see this code example

https://www.mql5.com/en/code/12037
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,010
  • Jul 25, 2017 7:06am Jul 25, 2017 7:06am
Quoting emmanuel7788
{quote} 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? {image}
Thank you Emmanuel Sir for your very informative chart setup, I would like to just ask you that if my chart setup is same as what has been advised to use as per Big E setup, Also I would appreciate if you could help to get me the same chart setup of yours which can give complete setup in one scree of different TFs and decide quickly rather to go different time frame separately. Please support me and guide me. thanks
  • #81,011
  • Jul 25, 2017 7:35am Jul 25, 2017 7:35am
Quoting emmanuel7788
{quote} see this code example https://www.mql5.com/en/code/12037

Emm,
but this describes it as: "This indicator draws a horizontal line at the Average/Breakeven Price for multiple positions (blue if overall position is buy; red if overall position is sell and White for neutral)."

I don't read C++ code myself I'm working with a developer. Could you tell me how you would calculate average entry price based on incremental lots? They have described average entry as BE, BE doesn't move after the basket goes in to profit and no more positions are added? So then the trailing of the average entry price / BE stops once this BE level is established?

I am a very visual learner and find it hard to understand something like this in a descriptive form. Could you show me your calculation?
  • #81,012
  • Jul 25, 2017 8:02am Jul 25, 2017 8:02am
What is ME that everybody talks about here. Could somebody direct me to a post where I can learn the ME strategy?
  • #81,013
  • Jul 25, 2017 8:03am Jul 25, 2017 8:03am
Quoting Enzzo
{quote} Try to use it on larger timeframes. May be spread doesn't allow to place correct position.
Thanks
  • #81,014
  • Jul 25, 2017 9:32am Jul 25, 2017 9:32am
Quoting zonalmarking
What is ME that everybody talks about here. Could somebody direct me to a post where I can learn the ME strategy?
Hi zonalmarking, please find the link below,

https://www.forexfactory.com/showthr...78#post9544878

Thanks.
FOR THE HORDE
  • #81,015
  • Jul 25, 2017 11:25am Jul 25, 2017 11:25am
Quoting Enzzo
{quote}updated files
Yes Enzzo, this is exactly what I had in mind
I think you created a very good product that really handles the basics of TMS well.
What would you like to do next? Do you want us to come up with further ideas for improvements?
Cheers.
  • #81,016
  • Jul 25, 2017 1:20pm Jul 25, 2017 1:20pm
Hello
There is someoane here ho can help me with this settings?
I try to add TDI on separate TF and i stil didn.t succeed.
I need help with this or if someone can share the settings for me please?
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  • #81,017
  • Jul 25, 2017 2:17pm Jul 25, 2017 2:17pm
Quoting jansb000
{quote} Yes Enzzo, this is exactly what I had in mind I think you created a very good product that really handles the basics of TMS well. What would you like to do next? Do you want us to come up with further ideas for improvements? Cheers.
Thanks!
Why not. But all of my improvements in the end to end grid and martingale ))
  • #81,018
  • Jul 25, 2017 2:52pm Jul 25, 2017 2:52pm
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}
Hi Jackbahrain, I also use the original strategy laid out by Big E. Having said that, the "primary requirements" are just that, he also suggested;

  1. minimizing the 4 hour chart a couple of times to see the trend direction
  2. always looking left for major S/R and recent S/R on both the chart and TDI
  3. this one is a key one for me; what did the the APB do when they last went blue/red
  4. I am in the same time zone as he was (Pacific west coast) and neither he nor I trade when the markets have just opened, IE not the Sunday afternoon, night/Monday morning.

This seems like a lot of extra stuff to add but three out of four of those points would have kept you out of this trade.

Thank you Emmanue7788 and the other current traders for helping to keep this thread going, I continue to learn!

Enter Signature
  • #81,019
  • Jul 25, 2017 4:10pm Jul 25, 2017 4:10pm
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 requirements. 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}
There is nothing wrong with the entry.
It is just one of those trades that when everything is done by the book the mark MUST show you that it does not play by any rules
All points of #647 tick positief / correct off.
Not close to any support or resistance.
Here are some point to consider
- D1 was in a down trend. (it might have been in a uptrend when order was placed)
- 27 Jul to 03 Jun = Support level - To far back to have much influence
- When green hook, flat or check mark close order
- Check Red News
--- When entering a order it must be at the beginning of that bar - order was an late entry
--- Do not chase big candles
  • #81,020
  • Jul 25, 2017 4:49pm Jul 25, 2017 4:49pm
Hi,

I'm reading the thread from January and in the meanwhile I'm entering some trades to practice. My goal is to trade D1 with ME/ME since I have a day job. Please comment the following trade.

I shorted GBPJPY on D1 after the close of 20/07. At the time I was convinced the higher TF were favorable. Now I can see that the Monthly chart has a bullish pin bar and that alone would probably invalidate the setup. I focused mainly on the Weekly chart and saw a long bearish bar (almost a BEOB). Also on the Weekly there was an apparent reaction to the 147.243 resistance created by a previous weekly close.

On the Daily chart I waited for price to close below the low of 12/07.

The trade went favorable but there was a strong reaction to the monthly support at 144.263. I oppened 2 more trades on what I expected to be a rebound.

My main questions are:
1) Should I have opened this daily trade in the first place?
2) Having opened the trade, should I have closed it when I saw a strong reaction to the monthly resistance? If so, where/when?
3) At this moment where would you put your stop loss? (mine is just a llittle higher than the NY close of 25/07)

I'm not yet focusing on the ME/ME dynamics, position sizing and stop losses...

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Thanks,
Jaime
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