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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

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Trading Made Simple

  • #83,921
  • Dec 7, 2017 3:10am Dec 7, 2017 3:10am
Quoting ItaTrader93
{quote} Emm, quick question about MQL language. I was thinking about backtesting strategies in MT4 / MT5, as i saw you do it dozens of times. I assume you code your strategy into an EA and then you run it in the MT4 Strategy tester. Is that right? If so, what would you suggest to someone who want to learn mql with absolutely no knowledge in coding? Should I learn CC+ before?
There a commercial strategy testers out there and they run in several different trading platforms not just on MT4.
I prefer custom built ones so I outsource mine to software developers under contract.

You can learn to do some basic coding and be able to maintain your own expert advisors, indicators and scripts.

But to write a complete expert advisor from scratch can be a big challenge when you do not have the experience how MT4 works especially when it comes to orders handling. Let an experienced mql4 developer for the work for you. There a few very good reliable developers here in FF.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,922
  • Dec 7, 2017 5:25am Dec 7, 2017 5:25am
Quoting jmn5611
{quote} Sorry about that strat, but early in the thread you did not correct me when I said you designed pipware. Pipware was done by stratman. I presumed he was you.
Once I also temporarily thought that. Their profile images both show guitar... just coincidence. The obvious difference is their characteristics. Stratman of Pipware was quite gentle and friendly I remember just like you...
By the way, I like your profile picture. It's the French guy in Matrix... I like him.. wonder why you chose his pic. My all time favorite however is agent Smith.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #83,923
  • Edited 8:44am Dec 7, 2017 7:15am | Edited 8:44am
Quoting emmanuel7788
{quote} Yes, very good. It looks like we are into the 4th RUN phase of PLAN, BUILD and RUN.
Yes, AU plays out.. unfortunately GU took my max risk and had a hard sl .
PS: Live is my trade still in play.. I use almost same settings with the tool live and demo.. but it divers a bit.
Belongs to the accountsize IMO.



Guido
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Risiko birgt immer auch die Chance.
  • #83,924
  • Dec 7, 2017 7:49am Dec 7, 2017 7:49am
Quoting heispark
{quote} Once I also temporarily thought that. Their profile images both show guitar... just coincidence. The obvious difference is their characteristics. Stratman of Pipware was quite gentle and friendly I remember just like you... By the way, I like your profile picture. It's the French guy in Matrix... I like him.. wonder why you chose his pic. My all time favorite however is agent Smith.
No, this version of strat is not the pipware version, that is for sure. The pipware strat would never be so arrogant as to rename a simple moving average fill after himself, and then try to tell newbies that any of this stuff is somehow new. Still sounds like a marketing ploy to me. However, to be fair he has sworn to twee that he is done selling courses. I picked the Merovingian because of one of his best lines. It's in my signature. I also liked his cause and effect scene. I knew everyone would pick Neo, Morpheus, Trinity or Agent Smith, so I tried to be a little different.
If you are good at something, never do it for free--Joker
  • #83,925
  • Dec 7, 2017 8:47am Dec 7, 2017 8:47am
Quoting emmanuel7788
{quote} Are you trading long term on D1 and W1 charts? How often do you trade? What are your regular trading hours when you have time to check your trading charts?
Yes i will be trading on higher time frames i.e D1 & W1.I will also like the option to choose the direction of trade in the EA. I will manually select the direction of trade while activating the EA on the chart. I will test the strategy first for 3-6 months. I will do the same in my Cent account for 3-6 months. My main reason why i need automation is that i am not able to log into MT4 during market opening hours. But i can still login & check the trades every day. I want to automate the process. I am expecting to 2-5 trades per week. I want a fixed TP & SL level. My goal is to minimize loss & achieve 3-5% every month in Cent account.

If i am successful with D1 & W1, i will then move to H4... But i will not move below H4 since i feel i can achieve my target every month using H4 or maybe D1.

Can you share with me the files? Which is the latest version? Which post?
  • #83,926
  • Dec 7, 2017 9:29am Dec 7, 2017 9:29am
Good afternoon, could anyone give any usefulness to the Monitor TMS that is in a thread of this forum?
  • #83,927
  • Dec 7, 2017 3:48pm Dec 7, 2017 3:48pm
Quoting samanfx
Looks like the Van Tharp gang got so pissed off seeing my previous two posts and now releasing their anger with some of their original usernames {quote} Ah ReverseFlash, Once FF admins correctly identified you as an additional username of emmanuel7788. How you got that tag removed? Handed over that account to another Van Tharp gang member and talked to FF admins? {quote} {quote} And you should help ReverseFlash to find correct google translate settings for translating "Temporarily Suspended" And when...
you clearly have a fixation on that van tharp thing. you lost money following? non ducor, duco.

and no, i´m not interested in translating third world statements of a guy with a net monthly income of 40 €.
funny thing your alter ego tekkies posting one digit profits.
no wonder you follow wage slave dreams of a part-time retail hindsight lying guru, trading peanuts.

latin (and the memory of rome) will stay alive for some certain reason for the next 1.000 years.
i doubt this to be true for your statement.

mundus vult decipi, ergo decipiatur...
fortis fortuna adiuvat
  • #83,928
  • Dec 7, 2017 3:51pm Dec 7, 2017 3:51pm
Hello guys! I dont have time to post all my graphics because I am not a full time trader.. I'm just a bartender, now come home after 10 hours of work, i will post only my results. And when i wil have time i will post more pictures from my trades.
Big thx to Emmanuel7788

I open new acc: 22 november (5k$)
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  • #83,929
  • Dec 7, 2017 6:14pm Dec 7, 2017 6:14pm
Quoting FXmongoose
Hello guys! I dont have time to post all my graphics because I am not a full time trader.. I'm just a bartender, now come home after 10 hours of work, i will post only my results. And when i wil have time i will post more pictures from my trades. Big thx to Emmanuel7788 I open new acc: 22 november (5k$) {image}


Good trading and good results FXMongoose.

Stay focus in what you do and do not let the distractions affect your trading.

With a day job, you should be able to trade the D1 chart and be profitable.

I have been here for 6 long years and will be here longer when anyone needs help to learn to trade and trade with Big E' 5-Method.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,930
  • Dec 7, 2017 6:19pm Dec 7, 2017 6:19pm
Quoting emmanuel7788
EURUSD Week 49 Dec 05 after London session closing... I see reaction at the Big Round Number 1.1800 ... psych level. Also the 200EMA has caught up with the price. TMS chart with PAC {image} Technical Analysis On H4, I see potential move lower into that gray shaded area. Let's keep following this pair over the next few days and into next week. Then we will know what hindsight trading would be next week close on Dec15. At the moment we know that it is range trading within the Weekly WRB High-Low. {image}

EURUSD Week 49 Dec 07

PATIENCE will always reward you when you trade the markets.

Many H4 candle went sideways but the higher timeframe direction will give us the higher probability trades.

Now that the price had entered into the gray zone, it will need to move lower to "end the gray zone" and after that the market will decide where to go next. I will continue to sell by following the price action.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,931
  • Dec 7, 2017 6:23pm Dec 7, 2017 6:23pm
EURUSD Dec 08 D1 chart

It is sell on D1 chart.
Yesterday price paused at the 50EMA which you will see in H4 and H1 but it finally did close below that 50EMA. Good sign for sellers.

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Weekly still being "control" but H4 is selling after the pause at 200EMA and BRN 1.1800.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,932
  • Dec 7, 2017 6:35pm Dec 7, 2017 6:35pm
Quoting Mistiko
Good afternoon, could anyone give any usefulness to the Monitor TMS that is in a thread of this forum?

I use the TMS Monitor to have an overview of the HA, the TDI and the slope of the TDI angle. Also the alert function work great form me and I don;t have to look at my charts all the time.

Do Not use the TMS Monitor for trade signal.

Below is the current status shown by the TMS Monitor. Look at the TDI Prev Slope and then go to you TMS trading chart to see if there is setup which fits your trade plan.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,933
  • Dec 7, 2017 9:15pm Dec 7, 2017 9:15pm
Quoting irishcraig09
Hi guys Just taken a sell trade on the EURGBP. HA candle one bar back was the setup with the 2nd bar closing outside the PAC. The tdi was at 50 with a 4/5 o'clock angle. Slight resistance but as I read it normally takes 3 times to break S/R plus with a brexit deal near we could see the pound become week. Cheers Craig {image}
Quoting emmanuel7788
{quote} Very good one taken on D1 ... Now you must have your exit plan in mind. some trader sees 0.8500 but that is still far away. I am not saying it wont reach that level but there are challenge ahead. 2018 will be the year for EU, GU and EG trading.
EURGBP Week 49 Dec 08 Update:

This pair has been choppy for few days around the BRN 008800. Now it has potential to move lower into "empty space". Watch those levels of June 2017.
With Brexit EU divorce talks ongoing, be careful with sudden reaction when intraday trading.

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Some traders are looking for correction and possible re-test of 200EMA to sell.

For me I sell with the price levels '50' and '00'.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,934
  • Edited 1:35am Dec 8, 2017 12:16am | Edited 1:35am
Quoting deltaone
{quote}funny thing your alter ego tekkies posting one digit profits.
Off topic
Was contemplating not respond to your casual remark.
Got time on hand so what the heck - respond.

deltaone why did you post what you posted?
Is it to pick a other senseless fight or was it all about stroking your alter echo:
"Hey, you should read my new post. It has great value for those that want to learn how to trade."

Before you can walk, you need to learn how to crawl, before you can run, you need to learn how to walk.
Micro account with ZAR 0.01 will give one digit profits.
So what! Any trader has to start somewhere, one digit profit is OK for it is not a two digit loss.
As the account grow the one digit profits will become two...three..... four digit.
It is HOW those one digit profit's are obtained.
POST#161: You can't get different results if you keep doing the same thing over and over... just ain't gonna happen anytime soon...
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About those book's
In summery it is the monologue of a man that does not trade himself. The same information is freely available on many webpage.
Even BigE had some wisdom in his posts:
Post#1
.............You'll learn down the road that most of the stuff you have learned in the past is crap. I did.
.............without confidence in your entries and exits you have nothing worthwhile.
............Start trading a Demo account until you build your confidence and only then consider switching to a live account...
Post#52
............Is it going up (long) or coming down (short)... that's the direction to trade.
This one phrase sum up all trading advice.

On topic
one digit profits
Did you start trading at full lot size to get multiply digit profit?
Can you tell the member's why you see one digit profit's as funny?

loquens iustitiam adnuntians recta
  • #83,935
  • Dec 8, 2017 12:26am Dec 8, 2017 12:26am
Quoting emmanuel7788
{quote} Hi priceact.fx You want to know what I think, well for someone who trying price action trading for one year, your result is excellent. your trades and result is quite similar to my trades done for November month.

You must be the wizard of all!! Doing 317 trades on your holiday off a yacht with no Inetconnection. Using pigeons is that something your boss van Tharp teaches in his tousand dollar seminars? I think so, besides backtesting mt4 data....
Newbies be warned of emmanuel7788. Hes not true.
  • #83,936
  • Dec 8, 2017 2:48am Dec 8, 2017 2:48am
Quoting emmanuel7788
{quote} EURUSD Week 49 Dec 07 PATIENCE will always reward you when you trade the markets. Many H4 candle went sideways but the higher timeframe direction will give us the higher probability trades. Now that the price had entered into the gray zone, it will need to move lower to "end the gray zone" and after that the market will decide where to go next. I will continue to sell by following the price action. {image} {image}
Thank you for this Emm. I made a wrong judgement on EURUSD this week. I failed to put weight on what Weekly and daily was doing. Instead I felt it was going sideways on H4. So I set my trade manager to only take long trades. On Wednesday I felt it was hitting support of EMA200 on H4 so I continued to hold long. As a result I have a building draw down and should close and learn from my mistake. My lesson is to work from high time frames down. I make this mistake time and time again.
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  • #83,937
  • Dec 8, 2017 3:11am Dec 8, 2017 3:11am
Quoting nigpig
{quote} Thank you for this Emm. I made a wrong judgement on EURUSD this week. I failed to put weight on what Weekly and daily was doing. Instead I felt it was going sideways on H4. So I set my trade manager to only take long trades. On Wednesday I felt it was hitting support of EMA200 on H4 so I continued to hold long. As a result I have a building draw down and should close and learn from my mistake. My lesson is to work from high time frames down. I make this mistake time and time again. {image}
Here is where it get's difficult and most likely spark a heated debate. What emmanual does is not wrong, that is how he trade.

BigE taught that you can get all the information from the chart you are using. You don't need to flip between time frame's. Post#686
Also why don't you follow the rules in post#647 with S/R.
  • #83,938
  • Dec 8, 2017 4:23am Dec 8, 2017 4:23am
Quoting emmanuel7788
{quote} EURUSD Week 49 Dec 07 PATIENCE will always reward you when you trade the markets. Many H4 candle went sideways but the higher timeframe direction will give us the higher probability trades. Now that the price had entered into the gray zone, it will need to move lower to "end the gray zone" and after that the market will decide where to go next. I will continue to sell by following the price action. {image} {image}

EURUSD Dec 08 London session update:

That gray zone has been broken by the last H4 candle.
Today is NFP during NY session , I take my profits and walk away now.

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Update:

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,939
  • Dec 8, 2017 4:32am Dec 8, 2017 4:32am
Quoting eelfranz
Stimuls... (674) Trend... long term and short term... I take a chart and make the candles as small as they will go to find the direction of the long term trend... Then I enlarge them to my normal trading size for the current short term trend... If they are the same I feel I have better odds on my side... if they are opposite I may trade less lots per trade... I will pay more attention to the last swing (candle size & length)... That kind of stuff...

Sorry Big E, you can RIP.

after you stopped posting in 2011, FF member stratman developed a new version of pipware tools to show us the price action and TDI on all timeframes we can select.
The good thing is we can see everything on just one screen and with today large wide 4K display, we can see a lot more.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #83,940
  • Dec 8, 2017 4:47am Dec 8, 2017 4:47am
Quoting nigpig
{quote} Thank you for this Emm. I made a wrong judgement on EURUSD this week. I failed to put weight on what Weekly and daily was doing. Instead I felt it was going sideways on H4. So I set my trade manager to only take long trades. On Wednesday I felt it was hitting support of EMA200 on H4 so I continued to hold long. As a result I have a building draw down and should close and learn from my mistake. My lesson is to work from high time frames down. I make this mistake time and time again. {image}
Big Picture Plan will show us many things ... all on one screen.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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