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Effortless Trading Explained + FAQ

  • #41
  • Oct 22, 2018 5:25am Oct 22, 2018 5:25am
tradingview has a angle line feature, when you draw the angle line it shows the angle in number and the angle does not change no matter what you do. you can zoom in out, change time frame. check it out its free to use. maybe we can all be on same page if we all use it.
  • #42
  • Oct 22, 2018 5:35am Oct 22, 2018 5:35am
Quoting hibra68
tradingview has a angle line feature, when you draw the angle line it shows the angle in number and the angle does not change no matter what you do. you can zoom in out, change time frame. check it out its free to use. maybe we can all be on same page if we all use it.
I just tested it and yes tradingview chart coders are brilliant. There it stays fixed. Splendid Hibra68. I appreciate. Maybe soon we all will move over to tradingview although Forexfactory owners will hate it but as a matter of fact nowadays talented fish eats sucking fish. No chance for losers in this world.

Stay Green
Focus only on what truly matters!
  • #43
  • Oct 22, 2018 5:44am Oct 22, 2018 5:44am
Quoting Ata-Turkoglu
{quote} According to system your latest buy trade that should have been opened around 1.1505/10 zone would be stopped out with profit and you would not see any signal on H1 yet and would wait. If you traded the M15 then again, your latest entry would be around 1.1507/12 zone and you would get stopped out with profit and then waiting for new RED TL breakout during candles being above Green line and once candles go below green line on M15 you still would look for longs because H1 is still above Green line! (Rule: The higher timeframe comes first!)...
Moving average didnot must go to 196 in M15?
  • #44
  • Oct 22, 2018 5:51am Oct 22, 2018 5:51am
Quoting arya.aryaee
{quote} Moving average didnot must go to 196 in M15?
Right now my green line ends at 1.15165, I am guessing you have a difference in your chart. Be sure that you are using a Linear Weighted Moving Average! But I might have misunderstood your question anyway.

Stay Green
Focus only on what truly matters!
  • #45
  • Oct 22, 2018 5:54am Oct 22, 2018 5:54am
Quoting Ata-Turkoglu
{quote} Right now my green line ends at 1.15165, I am guessing you have a difference in your chart. Be sure that you are using a Linear Weighted Moving Average! But I might have misunderstood your question anyway. Stay Green
i meant if we want follow of big picture trend when we switch from H1 to M15 then we have to change moving average value from 49 t0 196. dont we?
  • #46
  • Oct 22, 2018 6:03am Oct 22, 2018 6:03am
Quoting arya.aryaee
{quote} i meant if we want follow of big picture trend when we switch from H1 to M15 then we have to change moving average value from 49 t0 196. dont we?
I see now. You are thinking of transferring H1 setting statically to M15 and yeah that has some logic in it but no. Not with this system. Even on M15 we still use the same settings. That is the idea of the "Effortless" part. Same settings that work almost everywhere by not worrying for precision. Don't change anything please. Best would be to wait for a climb back up to green line on M15 but as long as H1 is above its own green line the chances are you will still enter with best price with help of M15 breakout (even if it is below green line)

So what is crucial is the bullish breakout on M15 while H1 is still above its own green line. In other words ignore the green line on M15 completely while H1 candles are above green line and focus on trading the lowest RED TL breakout level that you can find on M15 chart

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: H1-M15-Status.png Size: 64 KB
Focus only on what truly matters!
  • #47
  • Oct 22, 2018 6:11am Oct 22, 2018 6:11am
thanks !got it
  • #48
  • Oct 22, 2018 6:33am Oct 22, 2018 6:33am
do we wait for the close of the breakout candle?
  • #49
  • Oct 22, 2018 6:38am Oct 22, 2018 6:38am
Quoting Forex Lion
do we wait for the close of the breakout candle?
Yes we wait and best case would be to even wait for a pullback to breakout level. But I know that none of you could wait for that (impatience everywhere I look lol) so it would be better to have an eye on M15 once you see price nearing to RED TL on H1. Sometimes before the breakout and sometimes during the breakout the M15 is already printing a RED TL breakout at or above its own Green line. That's when you know it would not be a bad decision to enter. In case you are wrong you can still get away with BE or little loss. But if you are right it will shoot up in latest 4 to 6 hours. Anything longer than that should create doubts and we must be careful.

Another hint for you: Generally when price drops back to one previous RED TL on H1 it is also a good place to look for longs. On a bear trend same, if price rises back to one previous BLUE TL it generally is good place to look to sell.

Stay Green
Focus only on what truly matters!
  • #50
  • Oct 22, 2018 6:41am Oct 22, 2018 6:41am
Quoting Ata-Turkoglu
{quote} I see now. You are thinking of transferring H1 setting statically to M15 and yeah that has some logic in it but no. Not with this system. Even on M15 we still use the same settings. That is the idea of the "Effortless" part. Same settings that work almost everywhere by not worrying for precision. Don't change anything please. Best would be to wait for a climb back up to green line on M15 but as long as H1 is above its own green line the chances are you will still enter with best price with help of M15 breakout (even if it is below green...
That's a nice addition... I usually wait for RED TL breakout above green line on M15 as well, but thats sometimes way to late
  • #51
  • Oct 22, 2018 7:27am Oct 22, 2018 7:27am
Quoting Ata-Turkoglu
{quote} According to system your latest buy trade that should have been opened around 1.1505/10 zone would be stopped out with profit and you would not see any signal on H1 yet and would wait. If you traded the M15 then again, your latest entry would be around 1.1507/12 zone and you would get stopped out with profit and then waiting for new RED TL breakout during candles being above Green line and once candles go below green line on M15 you still would look for longs because H1 is still above Green line! (Rule: The higher timeframe comes first!)...
How our buy entry around 1.1505/10 zone would be stopped out with profit?
  • #52
  • Oct 22, 2018 7:36am Oct 22, 2018 7:36am
Quoting Zara22
{quote} How our buy entry around 1.1505/10 zone would be stopped out with profit?
that zone was active around 11 hours ago, after that, we had a 38 pips movement
  • #53
  • Oct 22, 2018 7:48am Oct 22, 2018 7:48am
Quoting Zara22
{quote} How our buy entry around 1.1505/10 zone would be stopped out with profit?
Because:

  1. You would trail your SL at least to half of H1 mofu candle (much longer candles than the surrounding candles) to not give back profit!
  2. You could trail your SL based on M15. There again you have a mofu candle. You would put your SL on half of it: 1.1522 area and wait. Or keep trailing to the low of every new bull candle pair (meaning trailing your Sl to the low of "every new two bull candles in a row")
  3. Worst case: You could at least trail your SL along the green line on M15 and get at least +7 pips profit by getting stopped out 2 to 3 pips below green line. (I believe that we don't even need brains to do that at least).

Anyways.. I hope it clarifies!

Stay Green

Focus only on what truly matters!
  • #54
  • Oct 22, 2018 7:58am Oct 22, 2018 7:58am
Quoting Ata-Turkoglu
{quote} Because: You would trail your SL at least to half of H1 mofu candle (much longer candles than the surrounding candles) to not give back profit! You could trail your SL based on M15. There again you have a mofu candle. You would put your SL on half of it: 1.1522 area and wait. Or keep trailing to the low of every new bull candle pair (meaning trailing your Sl to the low of "every new two bull candles in a row") Worst case: You could at least trail your SL along the green line on M15 and get at least +7 pips profit by getting stopped out 2...
Ata, how do you deal with your orders when sleeping? Do you have a trailing EA, set targets or just leave it open and wait to see when you wake up?
I opened last night (for me) on our last H1 breakout and went to bed with a fixed TP (I had it set to 1:1 ratio) which could be double that if I could have it trailed
  • #55
  • Oct 22, 2018 8:03am Oct 22, 2018 8:03am
Quoting Ata-Turkoglu
{quote} Because: You would trail your SL at least to half of H1 mofu candle (much longer candles than the surrounding candles) to not give back profit! You could trail your SL based on M15. There again you have a mofu candle. You would put your SL on half of it: 1.1522 area and wait. Or keep trailing to the low of every new bull candle pair (meaning trailing your Sl to the low of "every new two bull candles in a row") Worst case: You could at least trail your SL along the green line on M15 and get at least +7 pips profit by getting stopped out 2...
Thanks

very clear explanation
  • #56
  • Oct 22, 2018 8:21am Oct 22, 2018 8:21am
Quoting Caifas
{quote} Ata, how do you deal with your orders when sleeping? Do you have a trailing EA, set targets or just leave it open and wait to see when you wake up? I opened last night (for me) on our last H1 breakout and went to bed with a fixed TP (I had it set to 1:1 ratio) which could be double that if I could have it trailed
Unless my SL is at BE or I am in profit while trailing I never leave a trade open and go to sleep or leave it open for weekends at all. But if you have to open a trade just before sleep and want it to close or trail SL automatically once you have at least 10 pips profit you can use expert advisors. There should be plenty of paid or free EA's out there that could trail for you in your absence.

Stay Green
Focus only on what truly matters!
  • #57
  • Edited 10:32am Oct 22, 2018 9:54am | Edited 10:32am
Quoting TudorIoan
{quote} The strategy is to enter at a Trendline breakouts The point of the breakout depends on the Trendline. That Trendline depends on the initial Angle Trendline The Angle Trendline is the starting base of everything. And is not THE SAME at every hour!!! It changes bar by bar! As a result, the breakout point depends on the hour that the initial Angle Trendline was drawn! ...that may be different for every follower is drawing that line by the TIME he is drawing it! ...entry point at breakout for 5, 10, 15 pips different
Below two lines, one black line what represents an angled TL at 33.3°, and a green regular TL at 33.3° in the current zoom.
When you compare these lines to the black horizontal lines you can see that when you zoom out, the angled TL will stay at 33.3° for the current zoom, but this would mean that the price when we trade a breakout changes with it! Suddenly when I zoom out the black line is 10pips away from the angled TL!

That's why he uses regular TL's,the angle of the line will change BUT: The breakout price stays the same no matter what zoom or extra candles come in to play.

Grtz

Update
Tudor thanks for your pm, I see your point, either we need to use angled TL's and just trade the same zoom every time, or we accept the small error we have on the angles.
An other thing we can do is to draw the trend line from the same time perspective every time.. say every start of the new week, if we line the start of every new week on the left side of the screen and zoom out, draw the TL we end up with the same TL alltogether.
I don't think for the trading part this will cause to much problems, it's just a reference line and it will be a small error only.

Grtz

Normal
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Zoom Out
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What's that smell? ---- I smell money!
  • #58
  • Oct 22, 2018 7:37pm Oct 22, 2018 7:37pm
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  • #59
  • Oct 23, 2018 8:00am Oct 23, 2018 8:00am
Quoting Caifas
Hey Ata Could we add MACD correlation as a valid entry point or just use it to give me insurance that we are in t he right direction?
We can not solely trust MACD. Therefore we use it only as an additional "confirmation" tool. Trading based on "divergence" can be tricky. I suggest that the "Green Line to RED or BLUE TL Breakout" correlations should always come first!

Stay Green
Focus only on what truly matters!
  • #60
  • Oct 23, 2018 9:22am Oct 23, 2018 9:22am
Quoting Caifas
{quote} oh.. sorry I meant to say MACD Green Line Correlation. (Post number 2) I didnt understand what you meant by "Green Line to RED or BLUE TL Breakout" is this the normal BLUE/RED TL we have been using so far?
Yes those are the normal BLUE and RED Trendlines. I assume your question becomes obsolete then.

Stay Green
Focus only on what truly matters!
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