Trading Made Simple | Page 4053 | 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

  • #81,041
  • Jul 26, 2017 6:55pm Jul 26, 2017 6:55pm
Quoting emmanuel7788
{quote} 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. {image}
hi emm,i see in your picture the distance between ME more tight, is that 0.5 ADR 100 or 25% ADR which is use for H4 ME/ME ?
2% target/Month !
  • #81,042
  • Jul 26, 2017 8:56pm Jul 26, 2017 8:56pm
Hi TMS friends,

I have done Emmanuel short notes(resently) pdf for myself and I think it might be useful for some TMS friends.
I also have a lot to catch up such as EA.

Cheers,
Attached File(s)
File Type: pdf Emmanuel short notes.pdf   1.6 MB | 1,470 downloads
  • #81,043
  • Jul 26, 2017 9:06pm Jul 26, 2017 9:06pm
Quoting jansb000
{quote} 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.
Great jansb000
  • #81,044
  • Jul 26, 2017 11:57pm Jul 26, 2017 11:57pm
my bad entry on AUDUSD , retracment got deeper and decide to cutloss
any suggest for me emm for avoid this situation ? i trade and place entry manual, i hope anyone can create EA based on ME/ME management
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 37 KB
2% target/Month !
  • #81,045
  • Jul 27, 2017 12:58am Jul 27, 2017 12:58am
Quoting irvanhidan
my bad entry on AUDUSD , retracment got deeper and decide to cutloss any suggest for me emm for avoid this situation ? i trade and place entry manual, i hope anyone can create EA based on ME/ME management {image}

there are a few things which I do when I prepare my trade plan at the end of every month.
- do top down analysis starting from MN, W1 and D1, to know the market condition and from the Big Picture Plan.
- from the BPP, you will see the market type and the market type changes as the market trade day-to-day. it can change from trending to sideways, from wide range sideways to narrow range sideways, etc. it change between these 3 market types.
- when trade planning, know the Monthly trading range, the Weekly trading range and the Daily trading range.
for MN simply use the ATR 60 months, i.e. the ATR period 60 on the MN chart and check the range in pips.
do the same for Weekly but use only 52 weeks i.e. ATR 52 period on W1 chart. The Daily is ADR for 100 days.
Market rarely trade beyond certain ranges in different periods.

For AUDUSD, the ATR(60) months is about 375 pips and if you check the range traded in July since the low of the month on July 5, it went into narrow range seen on the D1 chart.
When this narrow range market type, you need to be careful when you trade with ME/ME.
The pip distance between ME positions must be minimum 25pips and avoid placing too many positions at pip distance smaller than 25pips.
Also, do not open ME position within the same 4 hours period. Time space between the ME positions. Usually 2 open positions in one day avoid more than 3 positions in same day.

If you are placing limit orders, keep the minimum 25 pips between every ME positions or use the 0.5ADR 100 as your guide.

Trade management, if the market goes sideways form too long time, close the oldest positions at small loss or try t breakeven some positions when there is opportunity to do so. Usually, when you have 3 or more open positions, try to do the breakeven often but keep one last one open to run.
Note, we are in the month end trading this week so be prepared for pullback. But with FOMC this week, it either help you or against you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,046
  • Jul 27, 2017 1:19am Jul 27, 2017 1:19am
Quoting irvanhidan
{quote} hi emm,i see in your picture the distance between ME more tight, is that 0.5 ADR 100 or 25% ADR which is use for H4 ME/ME ?

Good you pay attention to details on my posts. You will learn more and much faster by paying attention to details.

Yes, you are right those ME positions are not space at the same pips distance. This is another variation how I trade with ME/ME.
But this depends on your trading account size which enable me to do position sizing with %risk.
Instead of placing ME positions at fix pips distance during the retracements, I let the price retrace above the minimum 25pips distance and wait for the next reversal in lower timeframe (either M15 or M5 TDI cross) to place the next ME position. Avoid placing too many ME trades in the same 4-hour period.

See the details on my chart below:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD MEME order distance.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,047
  • Jul 27, 2017 1:27am Jul 27, 2017 1:27am
Quoting jansb000
{quote} 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. {image} Start with this volume This is the normal trading lotsize. 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). Percent risc per trade This is how much risc you want per trade. Break-even trigger Break even protection will be triggered when...



Good one!

I see we have another software developer among us.

Maybe we should hold a summit gathering for all TMS traders software developers/ programmers soon.

Any suggestions for date and place we can all meet? How about Bali island?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,048
  • Jul 27, 2017 1:59am Jul 27, 2017 1:59am
Quoting emmanuel7788
{quote} Good you pay attention to details on my posts. You will learn more and much faster by paying attention to details. Yes, you are right those ME positions are not space at the same pips distance. This is another variation how I trade with ME/ME. But this depends on your trading account size which enable me to do position sizing with %risk. Instead of placing ME positions at fix pips distance during the retracements, I let the price retrace above the minimum 25pips distance and wait for the next reversal in lower timeframe (either M15 or M5...
thank you for your super explanation emm !
2% target/Month !
  • #81,049
  • Jul 27, 2017 2:05am Jul 27, 2017 2:05am
Quoting emmanuel7788
{quote} Good one! I see we have another software developer among us. Maybe we should hold a summit gathering for all TMS traders software developers/ programmers soon. Any suggestions for date and place we can all meet? How about Bali island?
that will be awesome !! i will be happy if i can guide you and all TMS traders to see our beautiful island, yes im from Indonesia, lets gathering and drink together !
2% target/Month !
  • #81,050
  • Jul 27, 2017 2:28am Jul 27, 2017 2:28am
Quoting emmanuel7788
{quote} Good one! I see we have another software developer among us. Maybe we should hold a summit gathering for all TMS traders software developers/ programmers soon. Any suggestions for date and place we can all meet? How about Bali island?
Since the last fight to keep this thread TMS it stayed more or less BigE's way.
It just take a few members to derail TMS. One bright spark posted a expert and now this thread for the next couple 100 or so post is going to be fill with EA's.

emmanuel7788 you should know better then sucking up to newbie's. By the the way what happened to the new thread that you should have started about 3 month's ago

Stick to the OP's instruction.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 21 KB


Quoting jansb000
{quote} 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. {image} Start with this volume This is the normal trading lotsize. 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). Percent risc per trade This is how much risc you want per trade. Break-even trigger Break even protection will be triggered when...
Start your own thread Jan, please
  • #81,051
  • Jul 27, 2017 3:00am Jul 27, 2017 3:00am
s
Quoting Tekkies
{quote} Since the last fight to keep this thread TMS it stayed more or less BigE's way. It just take a few members to derail TMS. One bright spark posted a expert and now this thread for the next couple 100 or so post is going to be fill with EA's. emmanuel7788 you should know better then sucking up to newbie's. By the the way what happened to the new thread that you should have started about 3 month's ago Stick to the OP's instruction. {image} {quote} Start your own thread Jan, please
@Tekkies,

My new thread already started. If you did not get my invitation to my new thread, then you are not up to the level of those members who are in there trading and testing new trading tools.Loaded up 60% of my content the past weeks after my June vacation. It is not here in ForexFactory, too bad to all the folks who waited and expecting it here. Read all the shit going on here in FF forums, its not worth my time and effort to share here therefore I chose to CUG type forum.

Of course we all read Big E' post and he mentioned in 2008 and 2010 that he did not want to discuss trading robots back then. He was right, none of those robots worked in the past and none will ever work in the future after he died. Many members were then using trade managers like THV CaveManager which was a very popular and used by many traders here. He did not stop them.

But since he died in 2012, a lot of improvements has been released in MT4 and MT5. Today, a lot of trade managers have being developed using all the latest software features of MT4 and MT5. Using trade managers will make our trading life much easy and simple, less time is required to monitor trades, manage trade exits take profits while we sleep. But the hardwork is still our own effort in doing our top down analysis and trade planning. Without knowledge and hardwrok, nothing will work and trading cannot be that simple as this thread title implied.

TMS is the 5-Method. It has matured and will not change. The method cannot be derailed. Its all here in Big E' posts. How you trade with it is your own business.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,052
  • Jul 27, 2017 3:02am Jul 27, 2017 3:02am
Quoting irvanhidan
{quote} that will be awesome !! i will be happy if i can guide you and all TMS traders to see our beautiful island, yes im from Indonesia, lets gathering and drink together !

Let's see how many people are willing to travel to Bali for gathering summit.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,053
  • Jul 27, 2017 3:22am Jul 27, 2017 3:22am
Quoting emmanuel7788
{quote} Let's see how many people are willing to travel to Bali for gathering summit.
Hi Emmanuel,

I am not a software developer but still willing to join the summit, of course if others accept me.

Thanks,

Okoso
  • #81,054
  • Jul 27, 2017 3:29am Jul 27, 2017 3:29am
Quoting emmanuel7788
{quote} {image} XAUUSD spinning top rally... {image} always trust your belief in the Power of 10EMA and the TDI.
Hi Emmanuel,

I was a buyer of gold since 17th July with MEME. I do not use yet an EA on my trades as I do not have access to VPS, so these trades were managed manually.

Thank you for all the help.

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH427.07.17.png Size: 50 KB
  • #81,055
  • Jul 27, 2017 3:43am Jul 27, 2017 3:43am
Quoting okoso
{quote} Hi Emmanuel, I was a buyer of gold since 17th July with MEME. I do not use yet an EA on my trades as I do not have access to VPS, so these trades were managed manually. Thank you for all the help. Okoso {image}
Very good trades! Well done. now I know why you want to come to Bali....

When we mention EA, most people are thinking we use some kind of trading robot for ME/ME.
The fact is anyone can trade with multiple entries and multiple exits ME/ME by trading manually. Big E did that manually so can we.
What you need to know is to understand the concept of trading with ME/ME.
Simply make use of pending limit orders and pending stop orders which are available in all trading platforms, not necessary to be MT4 or MT5.

However, if there are scripts to help you place the pending orders, it would save you time and you cna trade more pairs which will help you achieve your financial targets through trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,056
  • Jul 27, 2017 4:03am Jul 27, 2017 4:03am
Quoting irvanhidan
my bad entry on AUDUSD , retracment got deeper and decide to cutloss any suggest for me emm for avoid this situation ? i trade and place entry manual, i hope anyone can create EA based on ME/ME management {image}
Do you use H4 for your MEME trades? Why you don't use D1? And when you use H4 you don't look left? Wait to break out of the range and then take MEME trades WHEN you have also recognize weekly/monthly swings....

Look at AUDUSD, price swing for several days in the range from this not so big bar in front of the blue range, yesterday price breaks out of this range and when it closes today above previous weekly swing we will have some room to go north...then I will think about to start to build position

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD.JPG Size: 48 KB


regards
  • #81,057
  • Jul 27, 2017 5:07am Jul 27, 2017 5:07am
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
Question

Look at the screenshot below ... it`s ok what is showing?
Attached Image
  • #81,058
  • Jul 27, 2017 5:30am Jul 27, 2017 5:30am
Quoting irvanhidan
{quote} that will be awesome !! i will be happy if i can guide you and all TMS traders to see our beautiful island, yes im from Indonesia, lets gathering and drink together !
A Nice gesture brother
Attached Image
  • #81,059
  • Jul 27, 2017 7:06am Jul 27, 2017 7:06am
Quoting emmanuel7788
s{quote}
a. If you did not get my invitation to my new thread, then you are not up to the level of those members who are in there trading and testing new trading tools.
- You mean only those members that sucked to you were invited.
- No loss there for sure.
- Most probably no new thread anywhere on the internet, if so members would have mentioned it somewhere.
b. Read all the shit going on here in FF forums, its not worth my time and effort to share here therefore I chose to CUG type forum.
- And here you are, posting everyday.
c. none of those robots worked in the past and none will ever work in the future after he died.
- Yet you encourage it
d. THV CaveManager which was a very popular and used by many traders here. He did not stop them.
- You are right and no trader did discussed those managers while he was alive.
e. Without knowledge and hard work, nothing will work and trading cannot be that simple as this thread title implied. TMS is the 5-Method. It has matured and will not change. The method cannot be derailed. Its all here in Big E' posts.
- Knowing that new members do not read old posts:
--- What have been or could have discussed about TMS was done in the first 2000 post's.
--- That is way old members do not post here any more, for it has become repetitive.
f. trading cannot be that simple
- Really?
- Google - famous traders have mentioned "keep it simple"

Before this deteriorated into a senseless fight....................

cheers emmanuel
  • #81,060
  • Jul 27, 2017 7:35am Jul 27, 2017 7:35am
Quoting andreiu
{quote} Question Look at the screenshot below ... it`s ok what is showing? {image}
Yes. Maybe the message is a bit confusing: "No support from TDI ..." means that the TDI indicator gives no signal at this moment. Neither for a crossing nor a continuation. My EA first checks TDI signals. Only when that seems promising it will continue checking the stochastic and then the PAC. So when the TDI has a crossing then you might see a message "No support from STO ...". Until all conditions are met.
40 traders viewing now