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Trading Made Simple

  • #81,801
  • Sep 6, 2017 5:36am Sep 6, 2017 5:36am
Dear All

I am kind of newbie to this topic and just finished through some threads from fornt and back and I am shocked to learn that the original creator of this topic was passed. May he BIG E R.I.P in a less violent wolrd.

I got one concern, my habit is to lets say in a long postion ,wait until the RSI Cross over TSL AND MBL while it is above the 50 line.
Much like in the picture i uploaded. I understand its much delayed entry than LATE BIG E said but i found this is more secure to me .

Can anyone please tell me if I am thinking straight?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 13 KB
Always be humble, and Stay Vigilant
  • #81,802
  • Sep 6, 2017 5:53am Sep 6, 2017 5:53am
Quoting emmanuel7788
{quote} Trade Report Sep 06, closed trades for first 3 trading days of this new cycle. EURNZD went into deep retracement yesterday and got 5 open position in one basket. Close an hour ago with 2 losses and 3 wins. USDCAD closed 2 positions in profits yesterday. {image}
Emmanuel, the retracement for EURNZD was only around 190 pips. That's an average gap of around 38 pips between these 5 trades. Are you sticking to the TDI 5 min or TDI 15 min signals here between these trades as your go to MEME Method instead of using the 0.5 ADR(100) gap trades.
Trading thin liquidity at the boundary of the charts
  • #81,803
  • Edited 1:11pm Sep 6, 2017 5:54am | Edited 1:11pm
Quoting emmanuel7788
{quote} Trade Report Sep 06, closed trades for first 3 trading days of this new cycle. EURNZD went into deep retracement yesterday and got 5 open position in one basket. Close an hour ago with 2 losses and 3 wins. USDCAD closed 2 positions in profits yesterday. {image}

Hi Emm.

100% agreed..
EN reached a final TP on the 165-166 level.. (Top down analyses)
No idea if it continues yet.. but for "the moment" itīs done
I took my last orders end of August.
Got it running for 3 weeks and skipped then..

The same account is since monday 4.9. on GN.. took my first targets..
Looks promising.
... thanks for your help..
We..? (I) learned a lot from your postings.

I really enjoy this kind of trading, trading never was that easy like now.

Hereīs the courve .. EN 1.8.-25.8. and GN from 4.9. to open end

Stay tuned
Guido
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EN 2.8.-25.8.2017 and GN 4.9.- open end.gif Size: 6 KB
Click to Enlarge Name: EURNZDDaily.png Size: 35 KB
Risiko birgt immer auch die Chance.
  • #81,804
  • Sep 6, 2017 10:44am Sep 6, 2017 10:44am
Hi there,

I have two micro accounts and I want to run them together.
For instance, If I open a position in first account and that position should also be opened automatically in second account. I don't want to log in and log out from each account to open a position.

how can I do that copy trade etc? Does anybody have a such kind of indicator or does anybody know about this procedure?
your help in this regard will be much appreciated.
thanks
  • #81,805
  • Sep 6, 2017 11:56am Sep 6, 2017 11:56am
Quoting anwaarkhan
Hi there, I have two micro accounts and I want to run them together. For instance, If I open a position in first account and that position should also be opened automatically in second account. I don't want to log in and log out from each account to open a position. how can I do that copy trade etc? Does anybody have a such kind of indicator or does anybody know about this procedure? your help in this regard will be much appreciated. thanks
Hi
I found this one on mql5 but you have to pay for it
https://www.mql5.com/en/market/product/4676
I sure if you Google trade copier or search the forum you may find a free one
Cheers
Craig
  • #81,806
  • Sep 6, 2017 12:29pm Sep 6, 2017 12:29pm
Quoting anwaarkhan
Hi there, I have two micro accounts and I want to run them together. For instance, If I open a position in first account and that position should also be opened automatically in second account. I don't want to log in and log out from each account to open a position. how can I do that copy trade etc? Does anybody have a such kind of indicator or does anybody know about this procedure? your help in this regard will be much appreciated. thanks
Hi AnwaarKhan
You can search Market for Trade Copier free Version, see the photo below
Attached Image (click to enlarge)
Click to Enlarge Name: Market.PNG Size: 132 KB
  • #81,807
  • Sep 6, 2017 2:24pm Sep 6, 2017 2:24pm
Quoting emmanuel7788
{quote} Hi, Your test results depends on your coding for the 3 conditions. I suspect you may not have the PAC 'trend' condition correct. The reason why we started with D1 chart is because Big E tested his entry and exit purely based on TDI cross. We did the same but did not get good results. Therefore we went back to the original Synergy model where he traded in 2008 till 2010. See these 2 posts: https://www.forexfactory.com/showthr...62#post4803962 https://www.forexfactory.com/showthr...93#post4808893...
Dear Emmanuel,
could you tell a little bit more about the PAC 'trend' condition?
In my backtests, the PAC 'trend' seems to be always in the direction of the other 2 conditions, when they meet.
Is the PAC 'trend' also a stop condition?
  • #81,808
  • Sep 6, 2017 3:41pm Sep 6, 2017 3:41pm
Quoting chnp
{quote} When coding PAC trend, I interpret it into "continuously going up for N days" before entry of a long trade. Short trade the opposite. I tested N=2,3,4,5. This coding just for fun and to understand the rules. I am still reading more here. Thanks again.

Hi,

Ok. Got your PM and I will make an example to explain how the PAC 'trend'direction should be tested in coding.

stay tuned.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,809
  • Sep 6, 2017 3:48pm Sep 6, 2017 3:48pm
Quoting zMinga
{quote} Dear Emmanuel, could you tell a little bit more about the PAC 'trend' condition? In my backtests, the PAC 'trend' seems to be always in the direction of the other 2 conditions, when they meet. Is the PAC 'trend' also a stop condition?

Hi,

This could be true in some situations and happens more often in lower timeframes - H1 and H4.
Therefore in H1 and H4, you can consider to filter them with another condition test for example, using the D1 HA direction for H1 and W1 HA directon for H4.

What do you mean by stop condition? Not for exit but for moving trailing jumping stop.

You can consider condition for add-on entries using either HA or HA with PAC condition.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,810
  • Sep 6, 2017 4:11pm Sep 6, 2017 4:11pm
Quoting RickM
{quote} Emmanuel, the retracement for EURNZD was only around 190 pips. That's an average gap of around 38 pips between these 5 trades. Are you sticking to the TDI 5 min or TDI 15 min signals here between these trades as your go to MEME Method instead of using the 0.5 ADR(100) gap trades.

Hi,

Your observations are correct. Good!

Since last week, EURNZD shows signs of getting into narrow range trading as it approach historical resistance and also could be the trend exhaustion. We donlt know for sure but we follow its price action day by day.
Therefore in trade management, we need to adapt to the changing market condition.

There are different variations for position size and order distance between ME entries. The first variation is easy way is to fix the ME order distance at 0.5ADR(100) D1 between every ME entry. I know many traders still prefer this way.

The other variation is to use a minimum pips distance, for example I use 25 pips as the minimum for this pair plus the order time delay between ME orders.
A minimum delay is 4 hours delay from the last ME order to the next but must be minimum 25 pips distance away. To execute the order entry in your platform, you can use either the TDI cross in M15 or M5. Lately, I use the M5 as it has more entry opportunities over M15. In this EURNZD caes, I use a shorter delay of 1 hour between orders looking at the narrow range trading and I want to get out of this pair this week.

Also, I do not use the iCustom function to read the TDI cross signal because I find it to be less efficient so I but rather code the RSI data with moving averages in the trade manager directly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,811
  • Sep 6, 2017 4:24pm Sep 6, 2017 4:24pm
Quoting Forexrocks
Dear All I am kind of newbie to this topic and just finished through some threads from fornt and back and I am shocked to learn that the original creator of this topic was passed. May he BIG E R.I.P in a less violent wolrd. I got one concern, my habit is to lets say in a long postion ,wait until the RSI Cross over TSL AND MBL while it is above the 50 line. Much like in the picture i uploaded. I understand its much delayed entry than LATE BIG E said but i found this is more secure to me . Can anyone please tell me if I am thinking straight? {image}...
Well, every time someone new comes to this thread, the same Frequently Asked Questions get asked over and over again. Also the older members do not read this thread on regular basis and will ask the same questions when posts were made in the past months and questions asked and answered over and over again.
So this post will be repeated over and over again. Most important thing is to read all of the OP's posts in FF and learn how he started trading forex in 2008 as a newbie until 2011. You need to know the man Eric aka Big E, his lifestyle, his risk profile, and you will better understand the way he traded.

I think to read all the 80k posts in this thread will take very long time and to get started trading with TMS 5-Method.

You can have three options:
Option #1 will help you in knowing the OP and the history of this 'system'.
Option#2 is what you can take along with you and read in your free time.
Option #3 is for you who have been trading for 5 years and you will get started very easily.


Option #1: Go to this post link, read and follow that post.

https://www.forexfactory.com/showthr...80#post9661780

Option #2: Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3: Click and read One, Two and Three

TDI Modes:

Scalping - Big E's choice
Long = Green above Red
Short = Green below Red

Active
Long = Green above Red, above Yellow lines
Short = Green below Red, below Yellow lines

Moderate This can be your choice, it is 'safer' and most profitable
Long = Green above Red, above Yellow, & 50 lines
Short= Green below Red, below Yellow & 50 line
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,812
  • Sep 6, 2017 4:30pm Sep 6, 2017 4:30pm
Who managed to catch those CAD big moves?

Not easy with single entry,

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Sep 06 drop from 12400.png Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Sep 06 nice drop from 16200.png Size: 37 KB


After yesterday's big move by CAD pairs, which pairs is next?

I start to watch AUD now and over the next few days into the next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,813
  • Sep 6, 2017 4:32pm Sep 6, 2017 4:32pm
Quoting nbelchior
{quote} Hi, Can you tell me please, what is the minimum profit you set for each basket?

The minimum is 10pips from the breakeven of all open positions in one basket.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,814
  • Sep 6, 2017 4:47pm Sep 6, 2017 4:47pm
It's getting better.....


https://www.forexfactory.com/attachm...1&d=1504741523
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 20 KB
  • #81,815
  • Sep 6, 2017 7:58pm Sep 6, 2017 7:58pm
Quoting emmanuel7788
{quote} Trade Report Sep 06, closed trades for first 3 trading days of this new cycle. EURNZD went into deep retracement yesterday and got 5 open position in one basket. Close an hour ago with 2 losses and 3 wins. USDCAD closed 2 positions in profits yesterday. {image}
Dear emmanuel,

How to put the re-open order's SL when you close one basket?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 34 closing Aug 25.png Size: 71 KB
Keep DISCIPLINE, control RISKS, and don't destroy your DREAM easily.
  • #81,816
  • Sep 6, 2017 10:58pm Sep 6, 2017 10:58pm
Quoting emmanuel7788
Who managed to catch those CAD big moves? Not easy with single entry, {image} {image} After yesterday's big move by CAD pairs, which pairs is next? I start to watch AUD now and over the next few days into the next week.
Also catched USDCAD, but with Lotto partial account:

Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Lotto.gif Size: 5 KB


regards
  • #81,817
  • Sep 7, 2017 12:04am Sep 7, 2017 12:04am
Quoting Bluesky8635
{quote} Dear emmanuel, How to put the re-open order's SL when you close one basket? Thanks {image}

when you trade manually, you simply place your stop loss for every trade the normal way.
but when you have 2 and more open positions, you use the average entry price of all open positions and place your stop loss using the average entry price.

https://www.forexfactory.com/showthr...4#post10098534

use the forum keyword search " average entry price" and read up on this topic.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,818
  • Sep 7, 2017 12:06am Sep 7, 2017 12:06am
Quoting Frank0
It's getting better..... {image} {image}

nice, but why so many JPY pairs at the same time? If something happens with JPY, you have 3 pairs going wrong.

Usually no good idea to trade more than 2 pairs with same Base and Quote currencies, for example yesterday all CAD pairs reacted to the rate announcement. That could have gone in the opposite direction and we lose our shirt.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,819
  • Sep 7, 2017 12:20am Sep 7, 2017 12:20am
Quoting chnp
{quote} When coding PAC trend, I interpret it into "continuously going up for N days" before entry of a long trade. Short trade the opposite. I tested N=2,3,4,5. This coding just for fun and to understand the rules. I am still reading more here. Thanks again.
Quoting zMinga
{quote} Dear Emmanuel, could you tell a little bit more about the PAC 'trend' condition? In my backtests, the PAC 'trend' seems to be always in the direction of the other 2 conditions, when they meet. Is the PAC 'trend' also a stop condition?

here is an example:

Attached Image (click to enlarge)
Click to Enlarge Name: PAC test 6 bars.png Size: 90 KB


and today's EURAUD

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 36 Sep 07 PA PAC TDI example.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #81,820
  • Sep 7, 2017 12:29am Sep 7, 2017 12:29am
Quoting emmanuel7788
{quote} You have done the hardwork and I am confident that you will make money this month with those pick. well you have picked one pair from each of the 5 groups... overall for next week, those 5 pairs look good as planned but be prepared if next week does not play out we need to make changes in the following Week 37~39 Sep 11 to 29. you dont have to trade 5 pairs in one same account , but only when your BPP shows good and pick the best ones with money management in mind. I have EURNZD buy and GBPCAD sell next week., but need to monitor the...

Trade Report for closed trades Sep 04 to 07.

So far this week went week according to trade plan and those pair picked ran well except for AUDJPY and AUDNZD which are slow moving.

Nevertheless, good profits for this week and this weekend will review which pairs to trade next week.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report Sep 04 to 07 trades closed.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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