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Trading Made Simple

  • #81,021
  • Jul 25, 2017 4:56pm Jul 25, 2017 4:56pm
Quoting fxscalp1
{quote} 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; minimizing the 4 hour chart a c8ouple of times to see the trend direction always looking left for major S/R and recent S/R on both the chart and TDI this one is a key one for me; what did the the APB do when they last went blue/red 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....
Hi fxscalp

May i know what APB mean ?

Thank you
  • #81,022
  • Jul 25, 2017 5:39pm Jul 25, 2017 5:39pm
Quoting Uk1
{quote} 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...

in that calculation is included the trade order open price and the order lots (trade lot size).
so the average entry price for 2 and more open orders are taken care of.

post your chart showing the trades on the chart and verify that the indicator is showing correctly the average entry price of all open orders on your chart.
check this against the terminal trade details - the commission, taxes and swap are included in the final column Profit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,023
  • Jul 25, 2017 5:42pm Jul 25, 2017 5:42pm
Quoting Jackbahrain
{quote} 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

If you are asking me for the pipware mini-charts,

they are in Post#76,270.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,024
  • Jul 26, 2017 12:03am Jul 26, 2017 12:03am
Tokyo +5 hours, strong CAD weak AUD...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,025
  • Edited 3:14am Jul 26, 2017 3:00am | Edited 3:14am
hi
i like sharing what i consider nice opportunities on charts (educational purposes, i keep examples to imprint patterns of price in my brain )
so have a look
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look at the H1 cross and bounce (and double top)
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  • #81,026
  • Jul 26, 2017 3:13am Jul 26, 2017 3:13am
Quoting whitefox
{quote} Hi fxscalp May i know what APB mean ? Thank you
average price bar
like the heikin ashi
  • #81,027
  • Jul 26, 2017 3:31am Jul 26, 2017 3:31am
Quoting jmmac
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...
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  • #81,028
  • Jul 26, 2017 8:38am Jul 26, 2017 8:38am
Quoting bistolis
{quote} average price bar like the heikin ashi
Thanks
  • #81,029
  • Edited 11:55am Jul 26, 2017 11:33am | Edited 11:55am
Quoting emmanuel7788
{quote} in that calculation is included the trade order open price and the order lots (trade lot size). so the average entry price for 2 and more open orders are taken care of. post your chart showing the trades on the chart and verify that the indicator is showing correctly the average entry price of all open orders on your chart. check this against the terminal trade details - the commission, taxes and swap are included in the final column Profit.
OK will do when I can, trading the daily (H4 entries / weekly direction and market type) I am waiting for a good setup to come along, and will put the indicator on the chart and see if we get a good number of basket positions averaged in which show on this indicator.

I think I have figured this out now though :-) the core calculation is => Average entry price based on incremental lots = total of entry prices / the total scaled in lots... Also need to take in to the equation the

We must ensure that the units of each are uniform to get the correct average entry price level
  • #81,030
  • Jul 26, 2017 1:19pm Jul 26, 2017 1:19pm
Quoting Uk1
{quote} OK will do when I can, trading the daily (H4 entries / weekly direction and market type) I am waiting for a good setup to come along, and will put the indicator on the chart and see if we get a good number of basket positions averaged in which show on this indicator. I think I have figured this out now though :-) the core calculation is => Average entry price based on incremental lots = total of entry prices / the total scaled in lots... Also need to take in to the equation the We must ensure that the units of each are uniform to get the...

No. You do not need to ensure that "the units of each are uniform to get the correct average entry price level".

The average entry price will always be correct when you calculate using the trade entry price and its lots size.

See my chart below which was captured earlier today as example to explain while I waited for you to post your trade chart.

I have 3 open positions,
0.65 lot entry 1.68267
0.10 lot entry 1.63902
0.20 lot entry 1.64261

Using that indicator, the average entry price was calculate to be 1.66965.
{Sum (0.65x1.68267)+(0.10x1.63602)+(0.20x1.64261) } divide by (0.65+0.10+0.20)

In this case, there are no other costs - Commission, Taxes, Swap in the terminal account summary.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 30 AverageEntryPrce and PnL.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,031
  • Jul 26, 2017 1:23pm Jul 26, 2017 1:23pm
Quote
No. You do not need to ensure that "the units of each are uniform to get the correct average entry price level".

The average entry price will always be correct when you calculate using the trade entry price and its lots size.

See my chart below which was captured earlier today as example to explain while I waited for you to post your trade chart.

I have 3 open positions,
0.65 lot entry 1.68267
0.10 lot entry 1.63902
0.20 lot entry 1.64261

Using that indicator, the average entry price was calculate to be 1.66965.
{Sum (0.65x1.68267)+(0.10x1.63602)+(0.20x1.64261)...

are u real professional trader i like u
sorry i am mean gbpaud trade me to same sir
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  • #81,032
  • Jul 26, 2017 1:34pm Jul 26, 2017 1:34pm
Quoting Uk1
{quote} OK will do when I can, trading the daily (H4 entries / weekly direction and market type) I am waiting for a good setup to come along, and will put the indicator on the chart and see if we get a good number of basket positions averaged in which show on this indicator. I think I have figured this out now though :-) the core calculation is => Average entry price based on incremental lots = total of entry prices / the total scaled in lots... Also need to take in to the equation the We must ensure that the units of each are uniform to get the...
Now with FOMC over, the same GBPAUD trades closed today but I have that 0.65lot trade still open protected with SL.
4 other ME trades open and closed today of variable lot sizes - 0.10, 0.20, 0.30, 0.40, all closed (2 losses, 2 wins) overall still in profits and now re-open one new ME trade 0.10 lot.

Is trading simple? It can be simple but only when you have the knowledge and the experience, and you use good trading tools to help you in the way you trade.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 30 AverageEntryPrice updatedJul27.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,033
  • Jul 26, 2017 2:05pm Jul 26, 2017 2:05pm
Quoting emmanuel7788
USDCAD Week 30 Jul 24 to 27: Looks good and very close to making a new low for 2017 should sellers overcome the BRN 1.2500 {image}
FOMC sends UCad lower. ...

new Low for 2017 happening soon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,034
  • Jul 26, 2017 2:58pm Jul 26, 2017 2:58pm
Hi. AUDNZD looks very good (D1). I'm going to try to build a position. Let's see if I can.
Emmanuel7788, you are a master.
Can I ask which is this indicator you use to know the average price?
Attached Image (click to enlarge)
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  • #81,035
  • Jul 26, 2017 3:06pm Jul 26, 2017 3:06pm
Quoting bistolis
{quote} {image} {image}
Thanks for your reply bistolis.

That would have been an aggressive entry, al least for me. But it would have had better results in this case.

Jaime
  • #81,036
  • Jul 26, 2017 3:28pm Jul 26, 2017 3:28pm
I made a little test EA, just to see if I can get the mechanical rules correct.
Attached File(s)
File Type: ex4 BiM_LRSF_04.ex4   103 KB | 410 downloads

It needs only one additional indicator that doesn't come standard with MT4. It must be installed like in the screenshot...
[so, you have to create a sub-folder "bim" and "tms" in your indicators folder]
This TDI indicator can be found in the download area of this forum.
Attached Image

It should run fine on timeframe H4 or higher. I am testing it myself on H4.
Don't forget: it's a test version. Do not trade with real money.
Have fun
  • #81,037
  • Jul 26, 2017 4:22pm Jul 26, 2017 4:22pm
Quoting jguellbo
Hi. AUDNZD looks very good (D1). I'm going to try to build a position. Let's see if I can. Emmanuel7788, you are a master. Can I ask which is this indicator you use to know the average price? {image}
Hi jguellbo, please use this indicator.
AUDNZD... Bulls are still alive in my opinion... Emmanuel will help you . Thank you.
Attached File(s)
File Type: ex4 !#_AveragePriceOpenPos.ex4   12 KB | 422 downloads
FOR THE HORDE
  • #81,038
  • Jul 26, 2017 4:37pm Jul 26, 2017 4:37pm
Quoting jansb000
I made a little test EA, just to see if I can get the mechanical rules correct. {file} It needs only one additional indicator that doesn't come standard with MT4. It must be installed like in the screenshot... [so, you have to create a sub-folder "bim" and "tms" in your indicators folder] This TDI indicator can be found in the download area of this forum. {image} It should run fine on timeframe H4 or higher. I am testing it myself on H4. Don't forget: it's a test version. Do not trade with real money. Have fun
is this a TMS/tdi EA? or a money management EA?
  • #81,039
  • Jul 26, 2017 5:19pm Jul 26, 2017 5:19pm
There are lots of new participants recently, which is great news.
I am not that old a participant here, but I have been a silent follower for quite some time already.

If I may offer one piece of advice, don't get caught up too much in the technicalities or EAs, and, instead, try to understand the spirit of the TMS philosophy which adds "some" simplicity to PASR trading which remains the primary philosophy (at least for me).

Look at the charts, look at the higher timeframes to confirm direction, make sure you spot the key S and Rs, watch EMA 10 (some prefer 5 or 20), try and understand the rhythm (or lack of) of the market. TDI and all the other nice indicators are just additional help but not the meat of trend following, PASR is.

There is no magical recipe, just hard work, humility and, if you are persistent, the feeling that you are starting to see some meaning to the market
  • #81,040
  • Jul 26, 2017 5:56pm Jul 26, 2017 5:56pm
Quoting shay14
{quote} is this a TMS/tdi EA? or a money management EA?
Eeeh, I guess its a bit of both. It certainly is a TMS/TDI EA and it will open trades. Once the trades are on there are a couple of options on how to protect the profit. that you made.

Attached Image

  1. Start with this volume
    This is the normal trading lotsize.
  2. Never trade more than this
    This is the maximum lotsize. If 1% risk of you account would be more than this than it will use this lotsize (and hence reduce your risc).
  3. Percent risc per trade
    This is how much risc you want per trade.
  4. Break-even trigger
    Break even protection will be triggered when profit reaches this treshhold
  5. Trailing stop
    The trailing stop will become active once this treshhold is reached
  6. Trigger profit protection
    My own profit protection kiks in at this level. Explanation follows below.
  7. Maximum profit protection
    The maximum profit protection will be reached at this level. Explanatiion below.
  8. Maximum profit protection
    As a trade goes into profit I decided that I wanted to protect a bigger chunk of it as the profit became more. So from 40 pips upto 100 pips the protection goes from 0 to 75% (which with default settings would be 75 pips). When your trade makes more than 100 pips the protection remains at 75%.
  9. Recover lost trades
    This does not work yet.
  10. Use soft break even
    Once the break-even treshhold has been reached the break even will protect 3 pips.
  11. Use hard break even
    Tries to move the SL to the LOW of the first bar that is completely above the opening price of the order. Once this is done the soft break even is disabled.
  12. Use the hard trailing stop
    Once the hard break even has moved the SL, this function will try to move the SL to the low of the next candle.
  13. Expert advisor mode (LRSF, TMS)
    We will now onle use the TMS method. The other method is from another forum and is not yet tested.
    (forum Low Risk Stress Free)
  14. Trade/Monitor status
    Normal trade - it will open trades
    Monitor only - It will not open new trades, but it will manage open trades (with same magic number)
    Close after - After the managed order is closed the EA will be removed from the chart

Now, as explained in my previous post, this is a test EA to see if I can get the order entry correct. The other functions for protection and so on might still be buggy. Do not rely on them for now. My first goal is to get the "mechanical" conditions right for entry. The money management functions are collected from other projects that I did, but are not yet thouroughly tested in this particular combination in this program. Individually they should work (they did on the other projects where I copied them from).

Once I get this EA stable (meaning it puts orders on according to the TMS rules, and it takes them out in a reliable way) I want use it as a testbed for more advanced logic to go beyond just the mechanical rules. In my day to day job (which has nothing to do with FX trading) we are now entering the world of "Predictive Analytics" and "Machine Learning". My idea is to apply that to my testbed EA. Would be a nice learning execise.

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