Trading Made Simple | Page 4414 | 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

  • #88,261
  • Jul 8, 2018 8:04am Jul 8, 2018 8:04am
Quoting Tekkies
{quote} Rick Can not get better that. Simple, easy, strait forward. --- How do you use TDI? With post#647 or have you some flavour of your own? edit: Is that Strat's shadow you are using? "..........Day Chart Crosses back" What do you see as crosses back? Green cross red or green give exit singnal (flat, hook,check)
Hi Tekkies

Yes, Strats shadow and concepts for pair selection and direction, following his pathway of understanding price action.
Then once I have entered, I use TDI crosses for additional Entry's to build baskets of no more than 5 trades till the move becomes invalid. It is not hard to get 700+ pips on just a average move with 4 trades in a basket. I let price action tap me on the shoulder to tell me to get out or a simple Day chart cross. Normally rejection of price is enough for me to exit. I play a game of poker, one card in my hand may provide hundreds of pips, the rest I fold.
I just added some of emmanuel's money management concepts really.

This week I'm selling EURNZD / USDCAD
I'm buying NZDUSD / NZDJPY I just hope for one to Run Hard, the second trade is risk free.
Trading thin liquidity at the boundary of the charts
  • #88,262
  • Jul 8, 2018 8:16am Jul 8, 2018 8:16am
Quoting RickM
{quote} Hi Tekkies Yes, Strats shadow and concepts for pair selection and direction, following his pathway of understanding price action. Then once I have entered, I use TDI crosses for additional Entry's to build baskets of no more than 5 trades till the move becomes invalid. It is not hard to get 700+ pips on just a average move with 4 trades in a basket. I let price action tap me on the shoulder to tell me to get out or a simple Day chart cross. Normally rejection of price is enough for me to exit. I play a game of poker, one card in my hand...

Hi RickM,

Like Big E used to say about members sharing.

Thank you for sharing and helping us learn from your success.

Attached Image (click to enlarge)
Click to Enlarge Name: Big E on sharing.png Size: 23 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Big E on sharing2.png Size: 107 KB



Caring and Sharing should not have borders nor boundary when our objective is to help other learn and become profitable traders.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,263
  • Jul 8, 2018 8:47am Jul 8, 2018 8:47am
Quoting emmanuel7788
{quote} USDCAD Week 28 Trade Plan for Weekly chart trading using Multiple Entries / Multiple Exit MEME. Money allocated $5,000. Maximum Risk is 50% i.e. $2,500 is where I will cut-losses. Note: I have booked profits from last months buy trades and this will explain my mental state when I trade this pair next week(s). {image} There are risks trading this pair next week. June 11 is BoC may raise it rates and this will have serious impact on price volatility. Also the Primary Trend on Weekly was Bullish and the recent 2 weeks maybe correction move...
Emm, what is best timeframe to do multiple entries with weekly chart trading? its H4?

If i want to trail that trade, what is best way?
Its trailing stop with ATR based volatility?

Kind Regards,

DJ.
  • #88,264
  • Edited 9:31am Jul 8, 2018 9:20am | Edited 9:31am
Comparing TDI indicator's
Do you want to use a decompiled indicator?
Open Synergy_Pro_TDI.mq4 at line 2 you will find this: "Generated by EX4-TO-MQ4 decompiler V4.0.427.4 [-]"
---------
Trading Made Simple is trend following method based on the TDI indicator: Green crossing Red.
- The cross over only indicate that a possible opportunity to place a trade exist. By using post#647 the trader can decide to place a trade or not
One of the most important fututer's of the cross over is the angle of green.
Useing the clock face
- Buy between 12 and 2, Sell between 4 and 6, No trade between 2 and 4
- The more green is closer to 12 / 6 the stronger the momentum
- Green between 2 and 4 will indicate no to little momentum which will be confirm by the candle as an range or consolidation . Support and Resistance level will be close by or will be formed.
-------
Post:
#270.................If the TDI straight green line tweaks it's angle... pay close attention... check everything... it's warning you something has changed or is about to...
#643.................When checking out the TDI for a possible trade: Think of a wall clock here and it's arms... you want to see the green line for a long trade at the 12-2 angle for best results and a short trade at a 4-6 angle... This is basic 4x stuff... Don't try to read things into the TDI just so you can get into a trade...
If the green line looks like it's at a 2-4 angle... it's weak. Pass on it. This holds true for PA too for best results...
#701.................Training Chart - example only
Look at the last short... The first red candle doesn't count... it's a nothing... barely a speck... On my FXDD Charts the second candle is the entry candle barely... The TDI is at a 4 o'clock angle...on the next candle the TDI green line drops to a 5 o'clock angle.... TDI looks good with Stochs confirming... Flashing light, flashing light.... look at the wick pullback on the big candle !!!!! wow... I'm expecting a short lived trade... next candle is at the bottom of the TDI check mark with another
candle pullback... time to exit... last two candle bottoms are about the same... exit, exit, exit ! Look to the left (2 blue boxes) that's what is stopping the downward movement... and the last candle starts up.
#772, #785, #1073, #1826 (Use Search option)
A smooth TDI green will eliminate many point's.

Summery:
Useing a indicator like in Post 88,257 can:
- prevent false signals
- late excite
- late entry
or TDI green red / RSI replicate to TDI.pdf
- enter at beginning of that bar
- early exit
- better use of angle
  • #88,265
  • Edited 3:10pm Jul 8, 2018 2:59pm | Edited 3:10pm
Sunday reading post's notice that many member's ask that thread starter's or other members to show / demand to see them Trade Explorer (TE).
When the TE is showed many cry Photoshop or spin some story that TE / FXSTAT / Myfxbook is somehow manipulated.
Many also cry: " I follow / do exactly the same as you and I still loss money"

When you signed up for a trade account and is compulsory (the warning must be clearly visible) be understood by you.
"Past performance is not indicative of future results."

BigE was asked as well and his response was: Post#7577 "Proof, proof, proof........."

Why did BigE responsed in such way? Here is one reason:
---
Take two trader's. Both trader's are equal in all aspects: have / start on the same: day, account balances, lot size, currency pair, time frame, platform, broker, method (Trading Made Simple), trading experience.
Over time one trader will show a profit and one will show a loss.

Reason is complicated as well as simple: It is how you are "put" together. The way you were brought up as a child, how you see the world, the way you think, the environment you trade in, the list is endless.

No two trader's see and read the chart the same way, neither do they react to chart's evant's the same way.
----------
Be careful when member's post chart's, TE's, trading result's not that they can be fake's (Photoshop) or in most case real true full results for they are misleading. Always remember that it is his result's that you see not your's. That his results will give you false expectation to what you might can achieve.
---------
BigE, Emanuele, RickM, DJaignals and other member's see and use TMS differently or els all posted chart's will show the same entries and exits.
--------
You have and must find your own way.
Use the rule's in Post#1 of any thread.
Ask and test the answer's against Post#1
Later you can start to define / refine your own method.
  • #88,266
  • Jul 8, 2018 4:56pm Jul 8, 2018 4:56pm
Quoting ingob
hello, very nice system, but too many entries to read maybe even a request worth to see the big trend better, mtf stochastik on w1. {image}
Hi. can you share your weekly MTF Stoch? Thank you.
  • #88,267
  • Jul 8, 2018 6:28pm Jul 8, 2018 6:28pm
Slowly and surely, trading will pick up again after this week.

It has been 4 crazy weeks with so much time spent watching the Russia World Cup games.
One of my gaming pick to play in the semi-finals was Uruguay vs Croatia. Lost £500 on this one already. The bookmakers won.

For the coming Final on July 15, I placed my bet (another £500) both teams with same team colours - blue, white and red combination.

Anyway, today being a Monday and it will be a slow day for some pairs. Watch those pairs which open with price gaps.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,268
  • Jul 8, 2018 6:33pm Jul 8, 2018 6:33pm
About the Synergy_Pro_TDI indicator, you will fidn that in this thread attachmenets.

3 simple steps:

1) Click on the paperclip icon
2) Select Name to sort in alphanumeric order
3) Jump to pages 85 and 86,

and you see all the files being uploaded by the members.

Do you see any mq4 file? I did not.

Attached Image (click to enlarge)
Click to Enlarge Name: Synergy Pro TDI paperclip09-07-2018 06-42-21.png Size: 143 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Synergy Pro TDI paperclip2 09-07-2018 06-42-21.png Size: 152 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,269
  • Jul 8, 2018 6:46pm Jul 8, 2018 6:46pm
Quoting ayour2a
{quote} Hi. can you share your weekly MTF Stoch? Thank you.

you can also use the pipware charts and show the Stochastics of different timeframes, all in one screen shown in live realtime environment.

this way you see the TMS setups in the timeframes you trade.



Note, the H4 TDI is not reliable cannot be trusted with that price gap up.(Its like levitation...LOL) What I do is look at the big picture and trade that gap in lower timeframes.

Attached Image (click to enlarge)
Click to Enlarge Name: pipware with TDI and Stochastics.png Size: 80 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,270
  • Jul 8, 2018 7:16pm Jul 8, 2018 7:16pm
Quoting DJsignals
{quote} Emm, what is best timeframe to do multiple entries with weekly chart trading? its H4? If i want to trail that trade, what is best way? Its trailing stop with ATR based volatility? Kind Regards, DJ.
There is no best timeframe. I developed my trading system according to different objectives. One objective is to find out how many trades generated by the entry strategy in any given period of time, for example 52 weeks.

MEME is an option when trading on H4, D1 and W1.
You can still trade like Big E with Single Entry/Single Exit.

OR

You can use Multi-Lots when trading H1.

some more reading of old post :
https://www.forexfactory.com/showthr...50#post9625650

...
Money Management
Big E on using multiple entries in the CHS thread
Post#2622 , Post#2629 , Post#2771 and Post#2912
Money Management Strategy for TMS: Post#48,008
...
Entry and Exits: Post#24,918 Post#18,422 Post#19,617
How to Build a Position: Post#19,588
Multiple Entries / Multiple Exits for Day chart trading: Post#58,726
Multi-Lots Buy/Sell scripts : Post#55,407

OR you can enter your trade with one single entry (instead os 3 x 0.1 lot) You enter single entry 0.3 lor and let THV Cavemanager do the multiple exits for you.

like in examples posted in Post#76788.
and below,

Attached Image (click to enlarge)
Click to Enlarge Name: THV CaveManager multiple exits.png Size: 176 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,271
  • Jul 8, 2018 7:26pm Jul 8, 2018 7:26pm
Quoting emmanuel7788
About the Synergy_Pro_TDI indicator, you will fidn that in this thread attachmenets. 3 simple steps: 1) Click on the paperclip icon 2) Select Name to sort in alphanumeric order 3) Jump to pages 85 and 86, and you see all the files being uploaded by the members. Do you see any mq4 file? I did not. {image} {image}
emmanuel there are few ways in how to obtain an indicator.
1. Buy or download the ex4 file.
2. Download the scoure file mq4 and comply to ex4.
The ex4 that is showed by your post's had to be compiled from an mq4 score file.
3. Code the indicator yourself or by a programmer.
4. Do a proper search.

Now when doing a search you have to take in consideration it is possible that:
1. Who every loaded the mq4 file might have changed the name of the indicator.
2. Maybe anywhere on the internet.
- In a thread other then Trading Made Simple.
- Member's found the mq4 in a other thread, compiled to ex4 and only posted the resulting ex4 in Trading Made Simple
Due to the fact that is time consuming only one link will be provided where an mq4 file can be found: Post #1
https://www.forexfactory.com/showthread.php?t=594212
edit: Please take note of post 4 in that thread

Many pips to you emmanuel
  • #88,272
  • Jul 8, 2018 7:26pm Jul 8, 2018 7:26pm
Big E on system development,

how he did it.

How would you do yours?

Attached Image (click to enlarge)
Click to Enlarge Name: Big E on system development.png Size: 73 KB


In my case, I took most of the technical ideas what I learned from Big E and his 5-Method.
I incorporated my own money management strategies and build three systems to suit different market conditions aka Market Type.
The toughest part is developing the mental strategies. This is where I decided to go for professional mentoring and spent 3 years. The rest is now history.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,273
  • Jul 8, 2018 7:32pm Jul 8, 2018 7:32pm
Quoting Tekkies
{quote} emmanuel there are few ways in how to obtain an indicator. 1. Buy or download the ex4 file. 2. Download the scoure file mq4 and comply to ex4. The ex4 that is showed by your post's had to be compiled from an mq4 score file. If you are unsure how to do it, use the F1 button 3. Code the indicator yourself or by a programmer. 4. Do a proper search. Now when doing a search you have to take in consideration it is possible that: 1. Who every loaded the mq4 file might have changed the name of the indicator. 2. Maybe anywhere on the internet. -...

The FACT in this thread remains, is that no member uploaded decompiled mq4 files in this thread.

It is none of my business when anyone uses decompiled mq4 files. they found on the internet.

This thread is about trading TMS so let us focus on trading as the priority.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,274
  • Jul 8, 2018 7:43pm Jul 8, 2018 7:43pm
First trade of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: first.PNG Size: 37 KB
  • #88,275
  • Jul 8, 2018 8:15pm Jul 8, 2018 8:15pm
Quoting emmanuel7788
{quote} The FACT in this thread remains, is that no member uploaded decompiled mq4 files in this thread. It is none of my business when anyone uses decompiled mq4 files. they found on the internet. This thread is about trading TMS so let us focus on trading as the priority.
No decompiled mq4 was uploaded, yes you are right.
The ex4 files uploaded to this thread are complied from those decompile mq4 file's
The only reason why any Synergy indicator are functioning is that the password / validation code has been removed or bypassed.
So every time a member use any Synergy indicator he has to ask himself is this indicator legal.
----------
It is always the best and safest to:
- obtain the mq4
- If you do not understand mql4 code find a person to verify the code is safe to use.
- Never every download an ex4 that requires a DLL file to function unless the provider can be verifyed
Some nasty piece of code can be code into a DLL because mostly DLL are programed in Python, C++, VB, Pascal, Java and not MetaEditor
  • #88,276
  • Jul 8, 2018 8:40pm Jul 8, 2018 8:40pm
Quoting Tekkies
{quote} No decompiled mq4 was uploaded, yes you are right. The ex4 files uploaded to this thread are complied from those decompile mq4 file's The only reason why any Synergy indicator are functioning is that the password / validation code has been removed or bypassed. So every time a member use any Synergy indicator he has to ask himself is this indicator legal. ---------- It is always the best and safest to: - obtain the mq4 - If you do not understand mql4 code find a person to verify the code is safe to use. - Never every download an ex4 that...

It does change the FACT that no member uploaded decompiled mq4 files here in this thread.PERIOD.

If anyone re-compile de-compiled files that is also is also none of my business.

It is easy to re-engineer any ex4 files indicators without having to see the mq4 codes.
In the case of the TDI, earlier versions were posted in mq4 files and one can easily re-engineer this to simulate the pro settings. It takes hours to run simulation modeling with the reading data from the MT4 Data window. ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,277
  • Jul 8, 2018 8:47pm Jul 8, 2018 8:47pm
One of the reason why Big E did not trade the Sunday candle back then in 2010 and 2011 was the weekend price gap which make s the TDI unreliable.

Below is an example using M15 to explain the price gap and how the TDI responded to the gap in price.

Look in your Data window and you will see the TDI Green Price Line is above the Red Trade Signal Line.. was there a cross down? NO.

Even the APB/HA candle body was so small and risky to take a trade there and then.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Jul 09 NY open gap TDI cross.png Size: 85 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #88,278
  • Jul 8, 2018 9:29pm Jul 8, 2018 9:29pm
Quoting emmanuel7788
{quote} There is no best timeframe. I developed my trading system according to different objectives. One objective is to find out how many trades generated by the entry strategy in any given period of time, for example 52 weeks. MEME is an option when trading on H4, D1 and W1. You can still trade like Big E with Single Entry/Single Exit. OR You can use Multi-Lots when trading H1. some more reading of old post : https://www.forexfactory.com/showthr...50#post9625650 ... Money Management Big E on using multiple entries in the...
OK, Thanks for the explanation and direct me to all that link.

Im going to study it and adapt to my entry style.

This is will help me alot:
1. SE/SE or SE/ME
2. Entry and Exits: Post#24,918
3. One single entry (instead os 3 x 0.1 lot) enter single entry 0.3 lor and let THV Cavemanager do the multiple exits.

Kind Regards.
DJ.
  • #88,279
  • Edited 10:50pm Jul 8, 2018 10:16pm | Edited 10:50pm
Quoting emmanuel7788
{quote} There is no best timeframe. I developed my trading system according to different objectives. One objective is to find out how many trades generated by the entry strategy in any given period of time, for example 52 weeks. MEME is an option when trading on H4, D1 and W1. You can still trade like Big E with Single Entry/Single Exit. OR You can use Multi-Lots when trading H1. some more reading of old post : https://www.forexfactory.com/showthr...50#post9625650 ... Money Management Big E on using multiple entries in the...
*****
  • #88,280
  • Jul 9, 2018 3:22am Jul 9, 2018 3:22am
Previous trade (BE + pips) has put some pips in the wheelbarrow while sleeping.

When TDI give a crossover on the prefered time use post#647 then you decide to enter a trade or not. Studying old chart's has it's limitation.
What happened in the past does not mean it will happen again in the same way.
It is like flipping a coin. There is always the 50% it would land on head's. The next coin toss has also 50% change to land on tail.
You never know what price will do with the empty space to the right of the chart.

H1 has confirmed M15 crossover with post#674
Attached Image (click to enlarge)
Click to Enlarge Name: second.PNG Size: 52 KB

-----
Edit: Got stomped out with BE + pips
Why no entry?
- Don't chase big bar's you are going to caught the tail.
- H1 is already on bar 4 after the crossover.
- H1 TDI is above level 68
Attached Image (click to enlarge)
Click to Enlarge Name: thired.PNG Size: 28 KB
124 traders viewing now, 1 is registered:
Teddyprakoso