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Trading is this Simple? Finally Explained simple and clearly! 45 replies

More easy is impossible 17 replies

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SIMPLE EA for a simple method needed!! 1 reply

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Quoting Matomi
{quote} If there would be EA, why we are all trading manually ? When I started in this thread I was trying with my friend code EA in hundred different ways until we found out it is impossible code human brain - it took us 1 year. The second thing - this is not thread about strategies, if you are looking for exact rules, entries, magic indicators... you are in wrong thread. That's why I suggested to you read whole thread. If you were read at least last 50 pages, you wouldn't ask it. {quote} The same case here, if you have no interest about read at...
I'm not looking for a shortcut. I've been trading for my full time living for 6 years however I'm always looking to learn new things which is why I'm on this thread at all, to see if there isn't something I can learn from you.

However pretty much everyone that posts a system here posts the rules for entry and exit with the system in the first post. Subsequent posts then explain the details from that point.

I'm simply asking you to provide the basic rules for your system in a cogent manner. Asking me to go wading through 50 plus pages of posts just to find your set of entry/exit rules is ridiculous at best. You either can explain your rules or you can't. If you can't then your system really isn't all that simple now is it.

If this thread is "all about strategies" and not describing a system for trading then this thread doesn't belong on this board but instead in the "trading strategies" board. And if it's a simple matter that you posted here by accident and you are simply looking to discuss strategies then I understand.
Woohiye is a Lakota Sioux word that means success, or overcoming obstacles
Thanks for the answer Natomi...

However I don't agree with you.

If I chose or look for an EA is because maybe I want to add extra to my daily trading, I have a job and I would need to be a really good trader to even think about switching one thing for the other.
Said so, trading for me is fun, is learning a new thing every day and is a challenge. But if an EA makes some extra pips (or not) when I'm not at home, well, ¿Why not?

Then, said this, I must say that I didn't read the whole thread, at the end you have a person posting a trading system, some basic rules and the rest showing entries and adding indicators, from the beginning to what I have read in the last posts, the only thing similar is Renko Chart (And I probably lost things in the middle, which I will read when I have time and some will)...

I was trading pure PA without indicators for almost 6 months (Yes, I'm a total junior) and started trading with Renko yesterday, today I took the EURUSD 100pips drop almost from the beginning using the strategy from first posts and I added some indicators that I think are filtering a bit my entries.

What I see now is that everyone is posting their entries which is totally nice, but seems like an improvement of the original strategy and I don't know anymore what is this about as probably this "new way" is in the page 235 or "who knows"...

Said so, I'm really thankfull to people like you that spend some time showing their trades and resolving doubts to total strangers.

Kind Regards,
Jimm
Building a Freedom All Time Return: 5,178.8%
Quoting Woohiye
{quote} I'm not looking for a shortcut. I've been trading for my full time living for 6 years however I'm always looking to learn new things which is why I'm on this thread at all, to see if there isn't something I can learn from you. However pretty much everyone that posts a system here posts the rules for entry and exit with the system in the first post. Subsequent posts then explain the details from that point. I'm simply asking you to provide the basic rules for your system in a cogent manner. Asking me to go wading through 50 plus pages of...
You do, because your questions were already answered hundred times here and every single time it only triggered far more absolutely same questions. Only this is ridiculous.

I am trading 4 years now and I am opened to new stuff as well, but I have at least so much respect to members of each thread, that before I ask something I check if it is not answered a few pages back. If you are interested about new things, why you are not interested about reading them ? In this thread are 493 pages of new things. It is like you're on the apple tree, but you want by apples to load themselves into your basket.

So okay, I am gonna write it again specially for you:

The presented trading styles in this thread have no exact rules, because the most of traders here are discretionary traders (I wasn't at first, but I became), so it means that if you want to talk about strategy and exact rules, nobody will answer you, because our only rule here is our mindset. Just check the screens here (recommend you Dee50's and PhilippineFX) and you'll find out how it works, if you want..
Quoting J1mm
Thanks for the answer Natomi... However I don't agree with you. If I chose or look for an EA is because maybe I want to add extra to my daily trading, I have a job and I would need to be a really good trader to even think about switching one thing for the other. Said so, trading for me is fun, is learning a new thing every day and is a challenge. But if an EA makes some extra pips (or not) when I'm not at home, well, ¿Why not? Then, said this, I must say that I didn't read the whole thread, at the end you have a person posting a trading system,...
You're welcome buddy. And that's about this thread is, trade the stuff which works for you. You see different screens by different members of this thread differently, but in real the "strategy" is still same. Do not wait you will get it within few days, but after some time you are going to get it for sure. You can read whole thread and I reccomend it to everyone who didn't, but after that you have to make your own research, trades, analysis to understand how it works. Maybe as a teacher I totally sucks, but I am not trying to educate here anybody. I am just sharing for free, as Dee, as Philippine and many others.

About EA - I know how you thought it, but believe me, the EA which will be able to trade instead of you without any control by human being is non-sense. Human brain is the most perfect computer on the planet, and you want to beat every unique human brain of every participant of market - by single MQL code ?
Quoting Matomi
The presented trading styles in this thread have no exact rules, because the most of traders here are discretionary traders (I wasn't at first, but I became),
Unless you're "trading" solely by an EA then every trader is a discretionary/manual trader.

That doesn't mean that you can't just say, "I basically look for entries like this ..."

I have posted my own system to this board. You will probably notice that there is A LOT of room for discretion because of the emphasis on analysis once a trend is identified.

That said, I was still able to say, "I basically look for entries by doing this ..."

I'm not saying you haven't said that.

I'm saying that this should have been certainly within the first post or two. And expecting someone to review 50 pages of material just to get a "basically I do this" shows a lack of respect for their time ... despite you claiming you have respect.
Woohiye is a Lakota Sioux word that means success, or overcoming obstacles
Quoting Matomi
About EA - I know how you thought it, but believe me, the EA which will be able to trade instead of you without any control by human being is non-sense. Human brain is the most perfect computer on the planet, and you want to beat every unique human brain of every participant of market - by single MQL code ?
I will say that I absolutely agree with you here. EAs are good if you use them to give you alerts for market conditions.

I will use them to actually open the trade and calculate where the stop loss should be, then to manage the open trade to automatically set the profit taking stop at the right time, then when the trade grows to the right point to add in the trailing stop.

But to actually open a trade ... oh yeah really only a human is intelligent enough for that. Well, that's not entirely true. If you've got a cool two or three hundred million and the right connections you can do some algorithmic trading between the spread and that happens by computer. But you need a crazy expensive server, crazy expensive programmers and network engineers, and the connections to get you a spot inside the physical server room of places like NYSE. But that's not really what we're talking about.
Woohiye is a Lakota Sioux word that means success, or overcoming obstacles
Quoting JoshuaHope
Hi all. I have some time off, so I decided to do some trading today. Ger30 +40 +8 +3 +18. Doing a lot of experimenting with settings for the oscillators that suit me best. As I said, 10 7 5 throws me off sometimes, but ultimately it is a give and take game. Best, Josh {image}
Hi Josh, I would like to ask you, blue line in the picture is moving average mtf with MA period 13? Thank you for your answer.
Quoting Woohiye
{quote} I will say that I absolutely agree with you here. EAs are good if you use them to give you alerts for market conditions. I will use them to actually open the trade and calculate where the stop loss should be, then to manage the open trade to automatically set the profit taking stop at the right time, then when the trade grows to the right point to add in the trailing stop. But to actually open a trade ... oh yeah really only a human is intelligent enough for that. Well, that's not entirely true. If you've got a cool two or three hundred...
Yes that's what I exactly meant to explain.

You can be you sure, there in the world are teams of hundred geniuses to trying everyday code the algorithm able to replace human factor in the trading. In Czech Republic were 3 of these algorithmic systems running. Created by great mathematician and very influential person, he was 1 of 3 largest liquidity providers globally when they all 3 were active. And same, within 1 or 2 years they're all ruined his accounts. Why ? Because even algorithm is as stupid as coder make him stupid. It has few formulas and patterns how to educate itself, save these values in the memory and use them when the situation repeats. And now you can see the biggest problem clearly - Market is not predictible and everyday is making new and new patterns. None of the algorithmic systems is able to react to things it hasn't in code.

So most probably you would waste 2-3 million $ bucks, you can have Ferarri FXX instead of that .
Quoting yoko
{quote} Hi Josh, I would like to ask you, blue line in the picture is moving average mtf with MA period 13? Thank you for your answer.
Hi. The blue line is a EMA 50.
Hello all,

I am not sure if you all seen these: https://www.esma.europa.eu/press-new...tail-investors
I trade with Admiral and I just received an email regarding the ESMA decision on margins from 28 may this year.

I am not sure if these rules will apply only in UE for the moment. A broker from Australia for example (or Asia) will adopt this rules too, or there is only a matter of time until they do...
I understood that if you qualify as a professional trader these restrictions will not apply... however the conditions are tough.
What do you think this decision will have on each product... Dax for example... We all trade it here. Can we expect to see a significant drop in volatility and liquidity maybe?

Have a green day!
Quoting victor007
Hello all, I am not sure if you all seen these: https://www.esma.europa.eu/press-new...tail-investors I trade with Admiral and I just received an email regarding the ESMA decision on margins from 28 may this year. I am not sure if these rules will apply only in UE for the moment. A broker from Australia for example (or Asia) will adopt this rules too, or there is only a matter of time until they do... I understood that if you qualify as a professional trader these...
Nobody? This forum is still active?
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Quoting Woohiye
{quote} I'm not looking for a shortcut. I've been trading for my full time living for 6 years however I'm always looking to learn new things which is why I'm on this thread at all, to see if there isn't something I can learn from you. However pretty much everyone that posts a system here posts the rules for entry and exit with the system in the first post. Subsequent posts then explain the details from that point. I'm simply asking you to provide the basic rules for your system in a cogent manner. Asking me to go wading through 50 plus pages of...
Hi mate, i have a question for you. I think that when a trader win consistently for a long time. Does he need to look at for another way to trade the market?.
A trade for eleven years. Initially i blew some demo accounts but then i understood what the market whas doing and it change my aproach to my trading. Sincerely I dont remember when it happens but sept by step i start to stay my balances account and finally to increase it. In my experience, the market always do the same thing, again and again, and only change its volatilly, but anything more. Some mates was talked about Mark Douglas and is Trading in the Zone is really true. When you look at a chart for thousand and thousand hours you understand to see that the price is doing. Is the same thing over the time. When you reach this mental state nothing can help you to improve your trading. Then you are in the correct side of market. But human nature is complicated and some traders dont learn it and will looking for a matematicall or magical system to know this.

Honestly, i look at this thread some times and im happy if a was help to others traders to win consistentl. Then you dont need looking for nothing when you are consistently. This only could be deviate of your way. When you find your way only thing you can do is dont go away it.

I dont believe in indicators. I only believe what i see, and Price tell you all you need to know. I naked chart with candles or renko is enought. When i understood this true i started to win.

When i opened this thread my intention was to change the way that majority or retail traders have to aproach to the market. Its not system byself.

Price go from a support to a resistence, and viceversa. Thats all. First find the supports and resistences in the time frame you are more confortable and use renko chart for put the trade with a small risk. If your MM Works and you RR is OK the trades are always the same over the time.

Regards.
That which you give to others, life will return it in spades
Quoting Jaquemate
{quote} Hi mate, i have a question for you. I think that when a trader win consistently for a long time. Does he need to look at for another way to trade the market?. A trade for eleven years. Initially i blew some demo accounts but then i understood what the market whas doing and it change my aproach to my trading. Sincerely I dont remember when it happens but sept by step i start to stay my balances account and finally to increase it. In my experience, the market always do the same thing, again and again, and only change its volatilly, but anything...
You may have a brilliant mind

I have looked at chart for endless hours...nothing... losing is the pattern
Mix of trades Return Today: na
Quoting thewriter30
{quote} You may have a brilliant mind I have looked at chart for endless hours...nothing... losing is the pattern
I dont trade patterns. The patterns are visual ilusions of market movements. Where a trader reconigze a pattern another think other thing. Im talking about my experience. Im not saying you dont win basing your trading in patterns. I respect it but dont work for me.
In this chart maybe you can see some patterns. But How do you do to trade it?. Im sure that a trader says a thing and another the opposite. Who is right?.
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That which you give to others, life will return it in spades
Quoting Jaquemate
{quote} I dont trade patterns. The patterns are visual ilusions of market movements. Where a trader reconigze a pattern another think other thing. Im talking about my experience. Im not saying you dont win basing your trading in patterns. I respect it but dont work for me. In this chart maybe you can see some patterns. But How do you do to trade it?. Im sure that a trader says a thing and another the opposite. Who is right?. {image}
Jaquemate I sent you a PM...

After all these years you still trade same approach?
Building a Freedom All Time Return: 5,178.8%
Quoting Jaquemate
{quote} I dont trade patterns. The patterns are visual ilusions of market movements. Where a trader reconigze a pattern another think other thing. Im talking about my experience. Im not saying you dont win basing your trading in patterns. I respect it but dont work for me. In this chart maybe you can see some patterns. But How do you do to trade it?. Im sure that a trader says a thing and another the opposite. Who is right?. {image}
Hello Mr. Jaquemate. Thanks for your thread and sharing your simple strategy. I have read many initial pages and also recent pages. Can you please do a favor to all new comers here to update the first post and give some further explanation of your strategy for which you have years of experience now. Like do's and dont's. Entry Exit Rules.

I have read recent conversation and arguments about this topic (entry rules) but still if you can give your brief opinion in your first post or here, that will be much appreciated. Thanks
Grid / Martingale / Hedge Lover
It's good to see the original thread Op back on here after such a long time.
Quoting Jaquemate
Hi everyone and thanks for to post here: I want to contribute with a video i make today but i cant cause it excede limitation of 5.mb. I hope add in next post. The video is a guide to how you can backtest renko bars. Follow step by step this video. May be it is a bit complicate the first time. For backtest i use this script to add a M1 chart and Mt4 trading simulator EA. I hope help you. Regards. {file} {file}
Hi Jaquamate, I have tried adding RenkoLiveChart_v3.4.ex4 and 10843-anyone-have-indicator-s-renko-bars.ex4, but none of them are working.
when I use 55.tpl or 55-renko2.tpl, it works, but none of those tpl loaded renko chart. Does anybody know how to fix it?
here is my 55-renko2.tpl for hourly. is it correct already?
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forex is better than cryptocurrency, trust me.
Quoting Jaquemate
{quote} I dont trade patterns. The patterns are visual ilusions of market movements. Where a trader reconigze a pattern another think other thing. Im talking about my experience. Im not saying you dont win basing your trading in patterns. I respect it but dont work for me. In this chart maybe you can see some patterns. But How do you do to trade it?. Im sure that a trader says a thing and another the opposite. Who is right?. {image}
There is a saying about trading: "One guy buys, another sells and they both think thaye are smart ".
Thank you for creating this thread and explaning this method transparently. I'm so glad that you gave so much valuable information.
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