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Trading Made Simple

  • #90,641
  • Edited 7:34pm Sep 7, 2018 7:10pm | Edited 7:34pm
Quoting Tekkies
{quote} Why do you ask a "fake trader" a question Iddd? GU does work. Due to USA trade war and GBP Brexit GBPUSD is not for me at this stage. Also DE30 spread is constant at 10 pips.
Oh okay :-) Please donīt take my words here to personally Tekkies. I only used the term of fake traders to open up some peoples eyes here.

I canīt force you to provide some verified track record for trading the TMS strategy. On the other hands you should not be surprised if people doubt it. So, it was not just for you but for everyone else here, me included but with the difference i never claimed to be anything to be "king" here :-)

I really believe nothing in the TDI indicator is more accurate as flipping a coin where price will go (including 12-2, 4-6 angle setups). For every of these signals i can show you at least one that looked good but price was not able to move for even 2 pips after spread.

So what does it mean? The fact the TDI green/red is crossing no matter what fancy good looking angle it shows doesnīt guarantee a shit nor it gives you any significant edge of what will happen next. Especially if market condition is not trending on the time frame you decide to enter you will get slaughtered MOST OF THE TIME. Thats the reality and there is nothing the TDI or any other indicator could do about it.

So the only way to put the odds in your favour i guess is by looking at the big picture before every trade e.g SR levels, currency strength, longer term trend, respecting news and so on (so all the stuff consuming some time to observe). And even then you might get stopped out because of some investbank trader decided to go against you at this moment because of some big clients need to change some billions of a currency in some billions of another currency. So, there is no shortcut to be profitable in the long run by following a cross of two lines. And i think you know this too.

So let me ask you again. Why should we wait for the TDI cross to happen before entering a trade? Why not just going long or short if the chart without any indicator is telling you to do so? Because BigEīs rules are saying so? But why? Is there any proof of how many times the TDI cross (even in its perfect angle condition) happened the last 50 years and gave a positive outcome? If its 60% how would you avoid not have entered in trades where it failed for 40%? And now does this gurantee future results? Think about it..

I wish a great weekend to all of you
  • #90,642
  • Sep 7, 2018 8:02pm Sep 7, 2018 8:02pm
About the Trader Dynamic Index aka TDI:
It is an indicator using multiple moving average of the RSI data aka Fozzy-RSI. The RSI is derived from the market real price hence the TDI is always lagging the Price Action. To have as good understanding of the TDI, read this book by John Hayden.
RSI: The Complete Guide Post#27,110 .
Warning: Do Not believe in anyone or website telling you that there is a leading TDI developed.

About lagging indicators:
There is nothing wrong in using a lagging indicator so long as you know how to read the price action and apply just a few simple PA rules and let the TDI or RSI confirms the PA when trading this 5-Method.

Read this thread on regular basis and keep up to date with the developments.
If you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHs thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new ‘system’ of your own.

TMS 5-Method is the simplest trend trading method here in Forex Factory and it works in all timeframes because there is a trend (price swing or wave) in every timeframe and we trade the trend (price swing or wave) of the moment.

Read and study the OP's original posts and his training charts. Give yourself a chance to trade this method by being like the OP Big E, he knows how to pick only the best setups.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,643
  • Sep 7, 2018 8:10pm Sep 7, 2018 8:10pm
WARNING:

Beware of websites like this one below.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS bullshit found online 20-04-2016.png Size: 719 KB


TMS is free here in Forex Factory. You do not need to pay for trade signals.

All the trading tools you need to trade TMS are all here in Forex Factory. If you see something which you think is of help to aid you in your trading, all you need to do is post and ask.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,644
  • Sep 7, 2018 8:19pm Sep 7, 2018 8:19pm
WARNING:

There is no such thing as a TDI that predicts the market. It is nonsense created to make money from innocent people.

Even that member who stole TMS and sell it online , he cannot spell proprietary (propitiatory) correctly.

Now you know why I have enemies... LOL

Attached Image (click to enlarge)
Click to Enlarge Name: GilR nonsense predictive TDI.png Size: 951 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,645
  • Sep 7, 2018 8:25pm Sep 7, 2018 8:25pm
WARNING:

A new website TMS Club under development . Let's all be patient when we see the content.

Attached Image (click to enlarge)
Click to Enlarge Name: GilR TMS Club.png Size: 731 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,646
  • Sep 7, 2018 8:41pm Sep 7, 2018 8:41pm
This question asked:
"If its 60% how would you avoid not have entered in trades where it failed for 40%? And now does this gurantee future results? Think about it.."

The simple answer is positive EXPECTANCY should be your goal.

and you first must achieve CONSISTENCY in your trading hence your win rate.

A win rate of 45% would be a good start.

Cut Losses Short and Let Profit Run ....

lots of youtube videos, use search and get the free education.

one example below,

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,647
  • Sep 7, 2018 8:59pm Sep 7, 2018 8:59pm
Quoting emmanuel7788
WARNING: A new website TMS Club under development . Let's all be patient when we see the content. {image}
A specialist building design company located on the Sunshine Coast ... and now they are specialists in TMS as well ... is that called diversification?
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,648
  • Sep 7, 2018 9:12pm Sep 7, 2018 9:12pm
Quoting PayItForward
{quote} A specialist building design company located on the Sunshine Coast ... and now they are specialists in TMS as well ... is that called diversification?

Interesting .... must be that same owner. .. person with many usernames here in FF.

Now you know why I have enemies here.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,649
  • Edited 2:02am Sep 8, 2018 1:07am | Edited 2:02am
Quoting lddd
{quote} Oh okay :-) Please donīt take my words here to personally Tekkies. I only used the term of fake traders to open up some peoples eyes here. I canīt force you to provide some verified track record for trading the TMS strategy. On the other hands you should not be surprised if people doubt it. So, it was not just for you but for everyone else here, me included but with the difference i never claimed to be anything to be "king" here :-) I really believe nothing in the TDI indicator is more accurate as flipping a coin where price will go (including...
Hi Iddd

The facts are laid bare if you have created an EA to test these rules as described by Big E. I have created an Test EA only as project to test all these cross rules as described by Big E and other members here just to see if a good profitable EA can be traded. This was only over a weekend as I wasn't going to waste much time on this EA because I was quickly getting the results I expected. I am aware Jansboo is doing a great job with his EA development of TMS so he's the go to guy for information on TMS EA development, not me.

So with a that limited time available to me, I learned four things.

1.. TMS as a strategy is fine ONLY if your a GOOD DISCRETIONARY TRADER and can trades with experience using PA as King.
2.. TMS as a Strategy on a EA is very average, not worth the programming time in my eyes but this is my personal opinion.
3.. The best indicator on Big E's Chart is the Stochastic hands down, results showed there is little chance to win over a good period without this indicator.
4.. The TDI indicator works well for scalping only - at 15M time frame and lower.

I only spend a weekend on that project and decided there's better projects to spare my time on.
Trading thin liquidity at the boundary of the charts
  • #90,650
  • Sep 8, 2018 1:10am Sep 8, 2018 1:10am
Quoting emmanuel7788
{quote} Interesting .... must be that same owner. .. person with many usernames here in FF. Now you know why I have enemies here.
From what I have seen don't know if I would class them as enemies (by my definition anyway) ... maybe they just disagree with some things you post ... however I look at that this way ... if someone disagrees with you and has a mature logical reason for doing so (well maybe does not apply to everyone here) ... then in the FX market that is good because they are probably amongst the group who has taken the opposite side of your trade and then when/if you win you have validated your view as far as the market is concerned ... and isn't that why we "play" this game ... to win?
If you concern yourself with what others (the unknown) think I believe you could become distracted ... however from what I have seen I doubt that would apply to you.
Have a great weekend ...
Looking forward to your future posts.
Cheers
PS Beat The Forex Dealer - a great read.
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,651
  • Sep 8, 2018 3:21am Sep 8, 2018 3:21am
Quoting RickM
{quote} Hi Iddd The facts are laid bare if you have created an EA to test these rules as described by Big E. I have created an Test EA only as project to test all these cross rules as described by Big E and other members here just to see if a good profitable EA can be traded. This was only over a weekend as I wasn't going to waste much time on this EA because I was quickly getting the results I expected. I am aware Jansboo is doing a great job with his EA development of TMS so he's the go to guy for information on TMS EA development, not me. So...
Interesting ... if I may ask ... choose not to respond if you wish ... how did you determine your opinion.
In asking this I guess it was a back test, if so please advise the details, parameters, SL TF TP etc., etc.
The reason I ask is because I too have adapted TMS with an EA and it works fine ... for me anyway.
Thanks
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,652
  • Sep 8, 2018 3:42am Sep 8, 2018 3:42am
Quoting onejester
{quote} Its your fault he's gone, I'm gonna miss him. But please tell me, was this yours?: {image}

Absolutely. That chart is mine.

Quoting RickM
{quote} Hi Iddd The facts are laid bare if you have created an EA to test these rules as described by Big E. I have created an Test EA only as project to test all these cross rules as described by Big E and other members here just to see if a good profitable EA can be traded. This was only over a weekend as I wasn't going to waste much time on this EA because I was quickly getting the results I expected. I am aware Jansboo is doing a great job with his EA development of TMS so he's the go to guy for information on TMS EA development, not me. So...
1. True, he clearly stated this.
2. EA bots cannot manage trades. They are good for entries only.
3. Big E did not think this. He did use it to confirm the TDI cross.
4. Big E specifically said to avoid the M15.

Not trolling, just pushing back. Looking forward to your responses if you care to do so.
If you are good at something, never do it for free--Joker
  • #90,653
  • Sep 8, 2018 4:34am Sep 8, 2018 4:34am
Quoting lddd
{quote} Oh okay :-) Please donīt take my words here to personally Tekkies. I only used the term of fake traders to open up some peoples eyes here. I canīt force you to provide some verified track record for trading the TMS strategy. On the other hands you should not be surprised if people doubt it. So, it was not just for you but for everyone else here, me included but with the difference i never claimed to be anything to be "king" here :-) I really believe nothing in the TDI indicator is more accurate as flipping a coin where price will go (including...
Do this, do that, look here, did you take notice of that, did you check for S/R, angle is not below 4, blah blah blah.................
---------
Iddd, have no quick fix answer for you or try to provide one. You are seeking for a "guarantee" were none can be given by price action, indicator or whatever is used.
--------
Can give advice which you not going to like.
- Find a method that resonates with you
- Download what must be downloaded.
- Study, practice, learn, and keep doing it until you succeed with the choices you made.
  • #90,654
  • Sep 8, 2018 4:43am Sep 8, 2018 4:43am
Quoting realjumper
{quote} You also made a choice late last year, where in a PM to me you said that you were trading using Renko bricks and that you were going to use that, but any trades that coincidentally conformed to post #647, you would post as TMS trades. In other words you cherry pick your trades. You even tried to get me to do the same by trading "whatever method" I use and any trades that coincidentally agreed with post #647, you wanted me to post as TMS trades. Deny this and I'll produce the PM in it's entirety. Enjoy your cherry's
Please post the PM Jumper.
  • #90,655
  • Edited 5:48am Sep 8, 2018 4:59am | Edited 5:48am
Quoting PayItForward
{quote} Interesting ... if I may ask ... choose not to respond if you wish ... how did you determine your opinion. In asking this I guess it was a back test, if so please advise the details, parameters, SL TF TP etc., etc. The reason I ask is because I too have adapted TMS with an EA and it works fine ... for me anyway. Thanks
Hi PayItForward

I created the parameters directly off the well known posts detailing entry on first or second bar to cross TDI red on a above average size bar, no nearby resistance, cross on stoch etc. Just the standard spec's repeated here again & again.
I tried mainly the H4 and H1 time frames using the Red Green indicator with SL being the hook. I used no TP but that may have improved result.
I also coded a bounce off the Red in the EA but that's where I stopped.
I then ran these tests through the MT4 strategy tester, then I optimised my results before I put them into a Analyser for review.
While I produced a profit result in testing only, it wasn't much to shout about. I use parameters set to a $10,000K account using 0.20 lot size. I expect to see at least a year return of 75% per year in testing with no more than a 10% drawback.

It just didn't get anywhere near my minimum target for me to move forward to further development and Demo testing.
There is far better strategy's that are worth the time, its would of been a wasteful use of Demo time.

However if your getting good results, that is great news.
Trading thin liquidity at the boundary of the charts
  • #90,656
  • Edited 5:52am Sep 8, 2018 5:26am | Edited 5:52am
Quoting jmn5611
{quote} Absolutely. That chart is mine. {quote} 1. True, he clearly stated this. 2. EA bots cannot manage trades. They are good for entries only. 3. Big E did not think this. He did use it to confirm the TDI cross. 4. Big E specifically said to avoid the M15. Not trolling, just pushing back. Looking forward to your responses if you care to do so.
Hi Jmn5611

This is just a good discussion on a quite Saturday evening for me.
Lets look at 2.. EA bots can be programmed to performed almost any task after trade is open if the development is detailed.

Hers's an example in plain English

ACTION - SELL till price meets one of these conditions.

IF --------------------- Price Hooks Up
IF --------------------- Price breaks last Day Bar Low
IF --------------------- Bar exceeds average volume by 200%
IF --------------------- Bar exceeds ATR10 by 50%
IF --------------------- Bar Close ends as a inside bar
IF --------------------- Bar closes as a pinbar
IF --------------------- Bar closes during asia session

ACTION - CLOSE

Lets look at 3. My weekend trial offered results that showed the profit was double with Stoch, there was almost no profit without the stoch by the end of the year.

Lets look at 4. My weekend trial offered results that the TDI became quite profitable below M15 Charts. It wasn't very profitable above H1.

I must repeat this was only a weekend test therefore I will not state my findings are actuate, I would need months of testing to be sure.
I do not claim to be a expert coder either.
However I saw no reason to spend any more time on this project when there is far more profitable strategys to develop.
Trading thin liquidity at the boundary of the charts
  • #90,657
  • Sep 8, 2018 5:50am Sep 8, 2018 5:50am
Quoting RickM
{quote} Hi PayItForward I created the parameters directly off the well known posts detailing entry on first or second bar to cross TDI red on a above average size bar, no nearby resistance, cross on stoch etc. Just the standard spec's repeated here again & again. I tried mainly the H4 and H1 time frames using the Red Green indicator with SL being the hook. I used no TP but that may have improved result. I also coded a bounce off the Red in the EA but that's where I stopped. I then ran these tests through the MT4 strategy tester, then I optimised...
Thanks ... probably the most important aspect for me if you used MT4 Tester is/was the Modelling Quality, was it >99.9%. Or do you know the level?
In my experience MT4 Strategy Tests are very inaccurate in part due to this aspect.
Thanks again
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,658
  • Sep 8, 2018 6:06am Sep 8, 2018 6:06am
Quoting eelfranz
...study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean? It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why? ....

what did Big E mean when he said in his post 2617 above?

did he mean trade without the TDI and Stochastics?

I've done that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,659
  • Sep 8, 2018 6:09am Sep 8, 2018 6:09am
Cherry picked CURRENCY PAIR for next week' trading

Week 37 Sep 10 to 14

Mondays after NFP Friday are usually boring to trade.

Attached Image (click to enlarge)
Click to Enlarge Name: Week 37 GBP USD cherry picked.png Size: 116 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,660
  • Sep 8, 2018 9:04am Sep 8, 2018 9:04am
Quoting jmn5611
{quote} Absolutely. That chart is mine. {quote} 1. True, he clearly stated this. 2. EA bots cannot manage trades. They are good for entries only. 3. Big E did not think this. He did use it to confirm the TDI cross. 4. Big E specifically said to avoid the M15. Not trolling, just pushing back. Looking forward to your responses if you care to do so.

I know we are all different, but I just couldn't see how you could make a decision with all of that going on.
'in less than half an hour he made over 100 ticks'
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