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Trading Made Simple

  • #90,661
  • Sep 8, 2018 9:25pm Sep 8, 2018 9:25pm
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?
It's the same guy that owns the other TMS website, he also owns one of those "Praise be the Lord" Churches on the Sunshine Coast which was apparently investigated or so I heard.
Ardua Ad Astra Per
  • #90,662
  • Sep 8, 2018 9:40pm Sep 8, 2018 9:40pm
Quoting PayItForward
{quote} 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
I've used both MT4 and Dukascopy 99% data back testing our EA over the last 3 years but from what I was told by someone way more experienced than me, if your EA makes entries on the close of a candle then using MT4 data is not a problem. If your rules specify entries during the life of a candle then yes, you need tick data.
Ardua Ad Astra Per
  • #90,663
  • Sep 8, 2018 10:28pm Sep 8, 2018 10:28pm
Quoting mistakesr
{quote} I've used both MT4 and Dukascopy 99% data back testing our EA over the last 3 years but from what I was told by someone way more experienced than me, if your EA makes entries on the close of a candle then using MT4 data is not a problem. If your rules specify entries during the life of a candle then yes, you need tick data.
The problem with results for back tests as I understand it is with the MT4 data Modelling Quality and spread - to be of any real value it should be =>99% ... you can read the reasons here: mt4backtest dot com
Thanks your comment appreciated
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,664
  • Sep 8, 2018 11:37pm Sep 8, 2018 11:37pm
One more Thread died the "Troll Death"
Are you also trying to do this?:
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  • #90,665
  • Sep 8, 2018 11:41pm Sep 8, 2018 11:41pm
Quoting Tekkies
One more Thread died the "Troll Death" Are you also trying to do this?: {image}
Google the Dunning Kruger effect. It will help you understand much better. This has been going on for years at FF.

Here is the life of a trading thread.

https://www.forexfactory.com/showthread.php?t=347075
If you are good at something, never do it for free--Joker
  • #90,666
  • Sep 9, 2018 1:26am Sep 9, 2018 1:26am
Quoting PayItForward
{quote} The problem with results for back tests as I understand it is with the MT4 data Modelling Quality and spread - to be of any real value it should be =>99% ...
Maybe I didn't explain it real well. If your algo only enters trades on the close of a candle it is irrelevant to it what went on during that candle and therefore tick data gives it no benefit, in that scenario, the MT4 data feed is sufficient.
Ardua Ad Astra Per
  • #90,667
  • Sep 9, 2018 2:07am Sep 9, 2018 2:07am
Quoting mistakesr
{quote} Maybe I didn't explain it real well. If your algo only enters trades on the close of a candle it is irrelevant to it what went on during that candle and therefore tick data gives it no benefit, in that scenario, the MT4 data feed is sufficient.
Yes you explained it fine ... MT4 is restricted to close, my indicators can be set to act on either the close or RTD (dynamic) plus MT4 does not provide the variable spread which makes a difference to the outcome so for me and for overall accuracy tick is best.
Thanks again
When you are successful perhaps give a thought to others ... Kiva dot org
  • #90,668
  • Sep 9, 2018 2:14am Sep 9, 2018 2:14am
Quoting PayItForward
{quote} Yes you explained it fine ... MT4 is restricted to close, my indicators can be set to act on either the close or RTD (dynamic) plus MT4 does not provide the variable spread which makes a difference to the outcome so for me and for overall accuracy tick is best. Thanks again
No probs.
Ardua Ad Astra Per
  • #90,669
  • Sep 9, 2018 4:51am Sep 9, 2018 4:51am
Quoting okoso
{quote} Hi Emmanuel, Thanks for your view. But we have another WRB of week 28 (with arrow on my chart) which seems more significant than WRB of week 34 and the low of that seems to be holding the price for quite few weeks. Now we have a case of WRB within a WRB. Which one prevails? Thanks for your comments. Okoso {image}

Hi okoso,

The low 110.34 of the WRB Week 28 is still in play and it should be support for next week's trading.
If you look at the W1 price action, it has been trading in a narrow range for 6 weeks and it has not traded above or below its 5period SMMA PAC High-Low.

Next week I will still be looking to swing trade on H4 until I see a breakout of the WRB Week 34 or a breakout of the Weekly PAC High-Low. Follow the H4 price action and try catch the reversals - swing low and swing high next week....
On Monday open I may consider a buy entry based on current H4 swing low.

Must keep track of market events and the news in FF calendar.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 37 W1 chart.png Size: 29 KB


Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Week 37 H4 swing BPP.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,670
  • Sep 9, 2018 6:15am Sep 9, 2018 6:15am
Quoting mousteven
{quote} Emmanuel, I have this puzzle..... Let's say your current 3 positions are all closed with profit, and then your EA starts a new basket, if later, D1 closes bullish with a change in ABP/HA color, at that point how many position or MEs will you have? s,
Hi Steven,

In your example, after you closed 3 positions with profit you as the trader must decide if you want to continue trading by initiating a new basket. This must be in accordance with your trade plan and if the original trade setup is still valid (i.e. no trade invalidation) then you can continue with a new basket.
Important to note that when I am trading the 4H short swing, I will not initiate a new basket on Fridays unless I can convert the short swing to a long swing on D1 chart timeframe.
It is not always necessary to close positions when the APB/HA changes colour. Look at the bigger picture and the price action if the market goes sideways narrow range, this will have the possibility to breakeven or close with smaller losses in the basket provided that the maximum number of trades per basket has not been reached. In a narrow range sideways market, it is often unlikely that the maximum number of trades per basket would be reached when you use 0.5ADR.

Quoting mousteven
{quote} .. If you close all and cut losses.. do you give back all the profit you made on AUDJPY? I know you mentioned, "I will give back some money to the market", I think "some" means the overall profit you made on several pairs, right? .,
When you trade with multiple pairs, you can leverage on the profits of all pairs and use that to your advantage. But when you trade only one pair, you do not have this leverage at your advantage. You can manage your account equity and balance, and in some situations you may face larger floating DD in one or two pairs but the other pairs have larger banked-in profits. Always look at the overall equity and balance of an account and what your financial goal is.

Dr Van Tharp in one of his newsletter made this statement “ To maximize profits (i.e. to let profit run) , one must be prepared to give back 50% of what the market gave you”. From my experience the last 10 years, I find this to e very true and this requires certain mental strategy to stay the entire course of my trade plan by having a disciplined money management and exit strategy.

If you have many situations where you cut losses short and gave back 100% and more of your floating profits, you must re-evaluate your trade risk and position sizing, and also you exit strategy. It can happen if you trade in the narrow range sideways market type and the market breaks out against your open positions/basket you must decide to cut losses when you see the breakout or you decide to let the market take out your positions based on the dynamic stop loss when you already have the maximum 5 positions per basket opened.


Quoting mousteven
{quote} .. In my experience, when I faced this kind of scenario, if I cut all losses, it's always giving back 100% of my profit or more. I think the only solution will for the price to pullback and find a right timing to close all positions with fewer losses, or best to breakeven. Please help, thank you Regards,
But with more experience trading in narrow ranged sideways market type, you can breakeven some positions in the basket and let only one position run with profit lock. This will enable a very small profit in the trade plan.
Look at my EURUSD example last week.
APB/HA candle changed colour and I did not close all open position.
Notice the positions closed at beakeven and the last position took profit with profit lock.
These are the key features trading TMS with MEME and is low stress when I let my trade manager perform the trading tasks when I do not have the time to babysit all my currency pairs. My emotion does not get in the way of the trading tasks when I automate the trade management.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 36 trades closed BE and profit lock.png Size: 68 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,671
  • Edited 1:15pm Sep 9, 2018 1:04pm | Edited 1:15pm
Quoting emmanuel7788
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.
Yes but that wonīt work well for day trading. H4 is a different thing, you have more time to read price action and probably hold your position for days or longer. A lagging indicator on a M15 for e.g where price might already moved 1-2-3 candle periods on until you get the TDI cross confirmed is a problem. Especially if you only look for 20-30 Pips/trade. Often i see price after the TDI Cross happened immediately starting to hook over and a fixed stop loss of lets say 10 Pips is triggered in no time.
  • #90,672
  • Edited 2:40pm Sep 9, 2018 2:16pm | Edited 2:40pm
Quoting emmanuel7788
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.

Here we go again:
https://www.tradeciety.com/is-price-...an-indicators/
------
It never stops, does it Emmanuel.
  • #90,673
  • Sep 9, 2018 3:26pm Sep 9, 2018 3:26pm
Quoting Tekkies
Quoting emmanuel7788 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. Here we go again: https://www.tradeciety.com/is-price-...an-indicators/ ------ It never stops, does it Emmanuel.
It depends what you define as "lagging". An indicator takes past price action for its calculation. Actually a price bar/candle on your MT4 chart is pretty much the same, it also has some kind of calculation running to visualize on your chart.

With lagging (i only speak for my self not for Emmanuel) i mean, the TDI Indicator SIGNAL green/red crossing is often times quiet late to the party. This probably depends on the settings and how many fakeouts or more accurate signals you want to get. In my case i am just using the default settings.
  • #90,674
  • Sep 9, 2018 4:01pm Sep 9, 2018 4:01pm
Quoting lddd
{quote} It depends what you define as "lagging". An indicator takes past price action for its calculation. Actually a price bar/candle on your MT4 chart is pretty much the same, it also has some kind of calculation running to visualize on your chart. With lagging (i only speak for my self not for Emmanuel) i mean, the TDI Indicator SIGNAL green/red crossing is often times quiet late to the party. This probably depends on the settings and how many fakeouts or more accurate signals you want to get. In my case i am just using the default settings.
How come Iddd?
I like my lagging TDI very much. Better ask Emm what he define as "lagging"
Look at inside a TDI mq4 file.
Every time a tick comes in, all the code in the start function is run once, many times inside a loop. Any change in any value is immediately transferred to the green / red line.

You and Emm must show where does TDI "lag" on the chart or late to the party.
  • #90,675
  • Sep 9, 2018 4:15pm Sep 9, 2018 4:15pm
Quoting Tekkies
{quote} How come Iddd? I like my lagging TDI very much. Better ask Emm what he define as "lagging" Look at inside a TDI mq4 file. Every time a tick comes in, all the code in the start function is run once, many times inside a loop. Any change in any value is immediately transferred to the green / red line. You and Emm must show where does TDI "lag" on the chart or late to the party.
There is some kind of delay no matter how you want to see it Tekkies. If you like this, good for you. I donīt.
  • #90,676
  • Sep 9, 2018 6:12pm Sep 9, 2018 6:12pm
If you do not like any of the TDI versions posted in this thread, you can use the MACD(2,13,7)
This was posted by another member long time ago.

Attached Image (click to enlarge)
Click to Enlarge Name: MACD 021307 vs TDI.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,677
  • Sep 9, 2018 6:15pm Sep 9, 2018 6:15pm
Hi eelfranz.

I hope you summarize all the indicator or template or tools you share in #1 post.
because all newbie and new reader would ask the indices and the tools over and over again.
Profit growth tells you the trader ability.
  • #90,678
  • Sep 9, 2018 6:21pm Sep 9, 2018 6:21pm
If you are still unsure of the TDI versions and the platforms' MACD, you can also consider using two moving averages to replicate the TDI. Some members in the ealry years used this.

Maybe use them to filter 'fake TDI crosses'.

There is no 100% but if you can achieved 45% to start with, then the rest depends on your combined money management strategy and entry and exit strategy.

Attached Image (click to enlarge)
Click to Enlarge Name: MA 2-5 SMMA vs TDI.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,679
  • Sep 9, 2018 6:30pm Sep 9, 2018 6:30pm
Quoting emmanuel7788
AUDJPY Week 36 Sep 03 to 07, my third cherry picked CURRENCY PAIR for this week. Will close all positions in profit soon before NY closes. Next week, I will still be picking this favourite cherry tree. {image}
CHERRY PICK pair for Week 37 Sep 10 to 14... AUDJPY D1.

After I closed some positions in profit, Ire-open one position and kept that for this week.

I use limit order to catch the retracement.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY Week 37 Sep10 open trades.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #90,680
  • Sep 9, 2018 6:33pm Sep 9, 2018 6:33pm
Quoting emmanuel7788
AUDUSD Week 36 Sep 03 to 07, another one of my cherry picked CURRENCY PAIR this week. Will close all positions in profit soon before NY closes. Next week, I will still be picking this favourite cherry tree. {image}

CHERRY PICK pair for Week 37 Sep 10 to 14 ... AUDUSD D1

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 37 Sep10 open trades.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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