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Trading Made Simple

  • #82,301
  • Oct 4, 2017 4:42pm Oct 4, 2017 4:42pm
Quoting Blix
Greetings, I have reading through this thread and just thought I would chime in on what I have found through my own research regarding ME/ME which seems to be a hot topic for discussion here. I have found it can make a lot of mediocre strategies look good in the short term but there is always a dark side to it. If you have a bias from your system and trade based on an averaged pip target, without a doubt you will get a good equity curve, but when you get stopped out a couple of times you can loose months of profits. One is generally taking many...

these things which will make the difference:

1) money management of your trading accounts.

2) managing your trading capital and business risks.

3) knowing the market types and recognizing the market condition your trades in.

4) cutting losses short, managing your equity should be priority over individual trades/baskets.

5) following your own define discipline rules for your trading business to maintain consistency.

these are things which you will learn and develop through proper mentoring and guidance when you do trading system development course.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,302
  • Oct 4, 2017 4:48pm Oct 4, 2017 4:48pm
Hi all, I am new to the site and unsure how to search the topic, but just wondering if there is anyway to get this TDI on the thinkorswim platform? I have searched all over the web but can't seem to get anyone that has a version. I am extremely comfortable using thinkorswim that is why I ask. Thank you so much!
  • #82,303
  • Oct 4, 2017 5:07pm Oct 4, 2017 5:07pm
Quoting jojowoods
Hi all, I am new to the site and unsure how to search the topic, but just wondering if there is anyway to get this TDI on the thinkorswim platform? I have searched all over the web but can't seem to get anyone that has a version. I am extremely comfortable using thinkorswim that is why I ask. Thank you so much!

Frequently Asked Question FAQ for this week.

https://www.forexfactory.com/showthr...5#post10350015

if that reply wasn't enough, perhaps these below may help.

Traders Dynamic Index

How to create the TDI using the RSI available in other platform: Post#15,546
Fozzy RSI Method Post#59,617

Read this book
RSI: The Complete Guide Post#27,110 by John Hayden
Trend Determination using the RSI (TDI) Post#26,774

Pdf description: Post#18,264 Post#24,705

Post#72,156 what you need to know about the TDI
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,304
  • Oct 4, 2017 7:44pm Oct 4, 2017 7:44pm
Quoting tibovwh
{quote} Unfortunately I posted this a bit too soon. Had some bugs for live trades that are fixed. {file}
@TIBOVWH I have demoed your EA, it is pretty good. Just wondering--- Target. As your PDF manual said it is price, I have correct price input,but it seems it doesnt work. EA figure out a price override it.

So, what is the Target for?
  • #82,305
  • Oct 5, 2017 2:54am Oct 5, 2017 2:54am
EURGBP Oct 05 - After that breakout failed, the very nice rally from the bottom of the consolidation range, now market reaction to the Power of 10EMA

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 40 WRB Range.png Size: 54 KB



Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 40 Oct 05 10EMA.png Size: 66 KB


Will this cause a reversal? I do not see it happening until I see bearish price action. No selling blindly unless you want your trading capital to locked in floating DD.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,306
  • Oct 5, 2017 4:59am Oct 5, 2017 4:59am
Quoting emmanuel7788
GBPUSD Week 40 Oct 3 D1 sell setup candle HA close below PAC PAC 'trend' is good TDI moderate - Green below Red, below Yellow and below 50-level. Use your money management %risk and position sizing. Initial SL above last week' high, give room for trade to 'breathe'. {image}
This setup ran well and you could have made 100 pips with a Single Entry / Single Exit trade.
With ME/ME, I made 155 pips so far.

Still in sell trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,307
  • Oct 5, 2017 5:00am Oct 5, 2017 5:00am
Quoting emmanuel7788
{quote} Nice move down yesterday and closing below that Aug MN Close. Hope you all caught some pips. Now price reacts at the RN 0.7150 and we shall see how it will trade today and days ahead. 'empty space' below August Low and should volatility increases then good to sell more into 'empty space'. August MN Low is significant for Price Action traders. {image}

With USD strength. Kiwi move lower today...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,308
  • Oct 5, 2017 5:18am Oct 5, 2017 5:18am
Quoting emmanuel7788
{quote} Frequently Asked Question FAQ for this week. https://www.forexfactory.com/showthr...5#post10350015 if that reply wasn't enough, perhaps these below may help. Traders Dynamic Index How to create the TDI using the RSI available in other platform: Post#15,546 Fozzy RSI Method Post#59,617 Read this book RSI: The Complete Guide Post#27,110...

Fantastic information! Thank you so much Emmanuel7788.
  • #82,309
  • Edited 10:29am Oct 5, 2017 6:09am | Edited 10:29am
Hi everybody
I am newbie on this forum but I am joking with fx since a few years
I attached below my expert advisor for those who want to try it
it opens and closes positions at each TDI crossing
the idea of using an EA TDI based is to find the best setting
from my tests 13 typical 3 sma 7 sma gives the best result

Let me know if you wish more informations or modifications
bye

I forgot to say that it works with "TDI Red Green" indicator
Attached File(s)
File Type: ex4 TMS.ex4   20 KB | 286 downloads
  • #82,310
  • Oct 5, 2017 7:48am Oct 5, 2017 7:48am
Hi Guys, this may be a dumb question but english isnt my first language.

what does the beginning of that candle mean?

"We Enter a trade when green crosses red on the TDI at the beginning of that candle"
  • #82,311
  • Oct 5, 2017 10:52am Oct 5, 2017 10:52am
Today is a great day for TMS swing traders with the help of HTF TMS trend.
  • #82,312
  • Oct 5, 2017 11:42am Oct 5, 2017 11:42am
Quoting panzerFx
Hi everybody I am newbie on this forum but I am joking with fx since a few years I attached below my expert advisor for those who want to try it it opens and closes positions at each TDI crossing the idea of using an EA TDI based is to find the best setting from my tests 13 typical 3 sma 7 sma gives the best result Let me know if you wish more informations or modifications bye I forgot to say that it works with "TDI Red Green" indicator {file}

Hello,

I believe there have been a few made, this seems to quite simple.

Maybe would be more useful with a stealth SL/TP added as well.

EDIT: Upon testing - doesn't seem to take any trades.

Thanks
Griff
  • #82,313
  • Edited 2:31pm Oct 5, 2017 1:58pm | Edited 2:31pm
{quote} Hello, I believe there have been a few made, this seems to quite simple. Maybe would be more useful with a stealth SL/TP added as well. EDIT: Upon testing - doesn't seem to take any trades. Thanks Griff[/quote]

I have enabled SL / TP / Trailing Stop if they are > 0 they set on
you must make sure you set the PERIOD parameter equal to the test period
Attached File(s)
File Type: ex4 TDI Red Green.ex4   15 KB | 419 downloads
File Type: ex4 TMS.ex4   23 KB | 331 downloads
  • #82,314
  • Edited 2:23pm Oct 5, 2017 2:12pm | Edited 2:23pm
Quoting tomgu
{quote} @TIBOVWH I have demoed your EA, it is pretty good. Just wondering--- Target. As your PDF manual said it is price, I have correct price input,but it seems it doesnt work. EA figure out a price override it. So, what is the Target for?
Hi Tomgu

I am running the Tibovwh's EA along side another version I have being using this year and will let you know the results. It looks good so far with less effort. I will see if the final target price, where it turns off the EA after reaching this point, works correctly. I must add its been on my platform for over a year and never got around to testing it till Emmanual mentioned it again.
Trading thin liquidity at the boundary of the charts
  • #82,315
  • Oct 5, 2017 2:23pm Oct 5, 2017 2:23pm
Hi friends took another 2 trades tonight
GBPJYP
EURGBP
Green lines crossed the 50 and the yellow line and HA candle crossed outside the PAC

Any criticism is welcome
Cheers
Craig
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20171005_221710.png Size: 115 KB
Click to Enlarge Name: 20171005_221639.png Size: 114 KB
  • #82,316
  • Oct 5, 2017 3:26pm Oct 5, 2017 3:26pm
Quoting TrendRider86
Hi Guys, this may be a dumb question but english isnt my first language. what does the beginning of that candle mean? "We Enter a trade when green crosses red on the TDI at the beginning of that candle"

Example below, we have a new Day open and the D1 candle opened about 2 hours ago.

You can still enter a trade at this beginning of a new D1 candle.

Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY Week 40 Oct 6.png Size: 35 KB


Initial Stop Loss above the PAC High to do your trade Position Size with %Risk.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,317
  • Oct 5, 2017 3:28pm Oct 5, 2017 3:28pm
Quoting saad007
Today is a great day for TMS swing traders with the help of HTF TMS trend.

Yup, great trading day when the market moves in a trend. Today I achieved my target for the 20-trading days cycle so I can close some trades and report back later.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,318
  • Oct 5, 2017 3:35pm Oct 5, 2017 3:35pm
Quoting emmanuel7788
EURGBP Oct 05 - After that breakout failed, the very nice rally from the bottom of the consolidation range, now market reaction to the Power of 10EMA {image} {image} Will this cause a reversal? I do not see it happening until I see bearish price action. No selling blindly unless you want your trading capital to locked in floating DD.

EURGBP Oct 6,

price creates moving averages,
so it is the moving average that will catch up with the price not the other way around.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Week 40 Oct 06 10EMA.png Size: 64 KB


we shall see if the price will continue to move higher and the 200EMA will be below the price until the next time they meet again.

Do Not assume that the market will reverse anytime soon.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,319
  • Oct 5, 2017 3:48pm Oct 5, 2017 3:48pm
EURUSD Week 40 Oct 6

EU hit BRN 1.1700 which is also this week' Low,

will it make a new Low for this week today?

MN will decide this one.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 40 Oct 6 BRN.png Size: 52 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #82,320
  • Oct 5, 2017 3:56pm Oct 5, 2017 3:56pm
Quoting emmanuel7788
{quote} Nice move down yesterday and closing below that Aug MN Close. Hope you all caught some pips. Now price reacts at the RN 0.7150 and we shall see how it will trade today and days ahead. 'empty space' below August Low and should volatility increases then good to sell more into 'empty space'. August MN Low is significant for Price Action traders. {image}

NZDUSD D1 Oct 6,

we are in RUN phase... of PLAN, BUILD and RUN.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Week 40 D1 Oct 6 empty space.png Size: 33 KB



Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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