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Effortless Trading Explained + FAQ

  • #121
  • Nov 21, 2018 11:24am Nov 21, 2018 11:24am
Newest Addition: The Dashed RED (or BLUE) TL

It is a simple logic added to raise the odds of regular RED and BLUE TL breakouts. Below image you can see it explained.

Candle 1: Standard breakout candle. Once we see this we try to go long once we see revisit to breakout (BO) level or even better once we see a retouch to RED TL. (That area builds our standard buy zone).

Candle 2: But sometimes candles drop back below the RED TL because of market confusion or volatility. If we haven't went long at that time we still can benefit from risking a new buy order once we see a retouch to Dashed RED TL that we have already cloned just as we cloned the regular RED Trendline.

Candle 3: Once we see a touch we might directly buy (or we can still check M5 chart for precise entry). But overall, when entering here the odds are often in our favour to run away in time or with little loss if things go wrong.

No rocket science, we simply try to act smart. Flip the story and you will have the explanation for the Dashed BLUE TL.

I hope it explains the logic.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: DashedLineLogic.png Size: 17 KB
Focus only on what truly matters!
  • #122
  • Nov 21, 2018 11:44am Nov 21, 2018 11:44am
Try this MACD I use it settings 5 13 1
Attached File(s)
File Type: ex4 MACD_Colored_v102.ex4   15 KB | 542 downloads
  • #123
  • Nov 21, 2018 1:33pm Nov 21, 2018 1:33pm
Quoting bob44
Try this MACD I use it settings 5 13 1 {file}
Mine uses 3.. yours is already lagging because of the 5.. and using 1 for signal is actually not using a signal line. Anyway still thanks for the offer!

Stay Green
Focus only on what truly matters!
  • #124
  • Nov 26, 2018 6:02am Nov 26, 2018 6:02am
Additional Infor for The Dashed Trendlines

The below chart explains an important part of my dashed trendline logic for bullish situation. You can flip the story for bearish trends and Dashed Blue Trendlines. No rocket science here.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M15-DashedTL.png Size: 51 KB
Focus only on what truly matters!
  • #125
  • Dec 5, 2018 5:54am Dec 5, 2018 5:54am
Quoting Ata-Turkoglu
Newest Addition: The Dashed RED (or BLUE) TL It is a simple logic added to raise the odds of regular RED and BLUE TL breakouts. Below image you can see it explained. Candle 1: Standard breakout candle. Once we see this we try to go long once we see revisit to breakout (BO) level or even better once we see a retouch to RED TL. (That area builds our standard buy zone). Candle 2: But sometimes candles drop back below the RED TL because of market confusion or volatility. If we haven't went long at that time we still can benefit from risking a new buy...
If the BO didnt retest the BO level would you just step down to M15 to look for a M15 BO, step down to M5 to find a BO there or just avoid this setup?
  • #126
  • Dec 5, 2018 9:42am Dec 5, 2018 9:42am
Quoting Caifas
{quote} If the BO didnt retest the BO level would you just step down to M15 to look for a M15 BO, step down to M5 to find a BO there or just avoid this setup?
Yes I would prefer to step down to M15, and very very rarely to M5. Overall I like to stick to H1 and "only" if market momentum is so fast that it doesn't allow me to jump in into a bull or bear trend I would go to M15.

Stay Green
Focus only on what truly matters!
  • #127
  • Dec 7, 2018 6:02pm Dec 7, 2018 6:02pm
Hi Ata,

I have been following and reading your thread for some time now. Just want to say thank you for sharing with us your ways and it's amazing how much I've learnt so far. However, I do have 2 questions regarding when to enter a trade using your methods.

1. You said that we should enter at the first touch of the RED TL after the blue-red candle couple has been established. With regards to the BLACK arrow I have drawn, that is the first time price touched our RED TL, and price is above the GREEN LWMA (I have used your settings). But if we had entered a trade there, it is clear that price would have dropped and hit our SL, hence it would be a losing trade. I understand that not all trading strategies have a 100% win rate, so would you count this as an example of a failed trade using this strategy, or is there a better way to do it?

2. With regards to the YELLOW arrow I have drawn, that is when price touched our RED TL for the second time at around 1375 area, and price is once again above GREEN LWMA. Let's say we entered a buy trade here. Price rose to around 1384 (+9 pips), before dropping back down to nearest support level at around 1365. For this trade, I would probably have put a trailing stop, which would have resulting in being stopped out at around +6 pips of profit. My question is this - since price shot up after rebounding on the 1365 support zone, how do we stay confident in our trade that it will continue the bullish trend, or is this trade simply +6 pips worth? (I may have answered my own question, but looking at the H1 chart, trend is bullish and above LWMA, so is that how we stay confident in this long trade?)

Once again, thank you for all your help.
Attached Image (click to enlarge)
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Go with the flow
  • #128
  • Dec 8, 2018 7:08am Dec 8, 2018 7:08am
Quoting Funkydoodle
Hi Ata, I have been following and reading your thread for some time now. Just want to say thank you for sharing with us your ways and it's amazing how much I've learnt so far. However, I do have 2 questions regarding when to enter a trade using your methods. 1. You said that we should enter at the first touch of the RED TL after the blue-red candle couple has been established. With regards to the BLACK arrow I have drawn, that is the first time price touched our RED TL, and price is above the GREEN LWMA (I have used your settings). But if we had...
Okay, I see your confusion. Let me clarify the misunderstanding. Please study the explanations on the image below. I hope it helps.

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: Dashed-Logic-Clarification.png Size: 418 KB
Focus only on what truly matters!
  • #129
  • Dec 9, 2018 4:45pm Dec 9, 2018 4:45pm
Quoting Ata-Turkoglu
{quote} Okay, I see your confusion. Let me clarify the misunderstanding. Please study the explanations on the image below. I hope it helps. Stay Green {image}
Thanks a lot Ata! That cleared things up!
Go with the flow
  • #130
  • Dec 10, 2018 12:00pm Dec 10, 2018 12:00pm
Hi,

Interesting thread Ata, thanks for sharing.

I've been looking at pull back trend lines (the red and blue) for a while now but have always felt that they lagged slightly because of the need to wait for another HH or LL in order to draw the line. Your method of drawing the line from the start of the pull back at a particular angle gets round this problem which is great!! Except........ for the issue of using angles..... I don't want to get drawn into that debate, it's been done to death here and you already have a solution to it. However I have come up with an alternative method which I'll share.

In order to draw a trend line we need two points, each of which has two co-ordinates - time and price. We know both of these coordinates for the first point so we just need to define a time and a price for the second point. By defining the second point in terms of time and price, it will always hold the same point on the chart irrespective of the zoom or stretch of the screen.

Time is easy one, we just project a fixed amount of time into the future - eg 24hours. Price is harder. The method I've come up with is to use a proportion of the ATR for each day of time we want to project forward. So the price element of the second co-ordinate is calculated as:

Second TrendLine point = First point price +- {Number of days projected forward * PriceATRFactor * ATR} (+ or -) depends on if it is a Long or Short line.

So essentially for each day across you go, you step in price by a factor of the ATR. Using ATR rather than absolutes allows this method to be applicable across different pairs with the same settings.

To test this idea, I've coded a quick script to draw the pull back lines. You have to drop this script onto the first bar in a valid "down-up" or "up-down" candle pair (the one you want the line drawn from). The script will check the direction of the first bar and draw the line acording to the inputs. You can refine the angle of the line it draws by changing PriceATRFactor in the inputs. If you do this on a fixed ratio chart you can also compare to a particular angle!

Notes:
- The script doesn't check you actually have a valid pull back pair - it just uses the bar you've dropped it on
- This is just a test version (hence the .exe) - I will consider sharing the code once it's more pollished but I don't want multiple versions
- It won't work with brokers with a sunday candle as its weekend calculations are fixed to two days.

Thanks

Bruster.


Attached File(s)
File Type: ex4 Draw_PullBack_Line.ex4   10 KB | 686 downloads
  • #131
  • Dec 10, 2018 1:53pm Dec 10, 2018 1:53pm
Quoting Bruster400
Hi, Interesting thread Ata, thanks for sharing. I've been looking at pull back trend lines (the red and blue) for a while now but have always felt that they lagged slightly because of the need to wait for another HH or LL in order to draw the line. Your method of drawing the line from the start of the pull back at a particular angle gets round this problem which is great!! Except........ for the issue of using angles..... I don't want to get drawn into that debate, it's been done to death here and you already have a solution to it. However I have...
Thanks for your interest and the effort on explaining your smart mentality and for sharing your indiciator with us. I truly appreciate.

That being said, my "main philosophy" is to keep things as simple as it gets so that we can trade by just using a smart phone. The core idea is to strictly staying away from any external indicators. Based on my personal theory, I strongly claim that we don't need anything "advanced" to trade successfully. And... yes, as you have mentioned the endless debate, I have to repeat again that angles are really not that important once a trader gets the core logic.

I introduced the angles only to make it easier for my audience to be able to bear with my charts. So that they could see what I was seeing. The variations of angles here and there was never a major issue. I personally don't even use a laptop to trade. Angled trendlines work so nice and stay fixed on an iphone or android phone (or tablet), that I directly use those and they stay exactly as I initially put them on my chart.

Still, thank you for introducing your clever logic. For many here it might improve their overall success. The downside is that now a trader has to use the desktop version of MT4 on a laptop or pc, which is not what I prefer. Anyways, good luck and happy trading my friend. Peace

Stay Green
Focus only on what truly matters!
  • #132
  • Dec 11, 2018 4:33am Dec 11, 2018 4:33am
Dear Ata,

Millions of bundles of thanks for this thread. You are an awesome teacher and explains so well that leave very less room for confusions and questions. Your simple charts are the most attractive and meaningful. Die hard fan since long time. I have read 7-8 posts of this thread and made my lines copying your style. Can you please have a look and let me know if I did anything wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 57 KB
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  • #133
  • Dec 11, 2018 5:24am Dec 11, 2018 5:24am
Quoting Ata-Turkoglu
{quote} my "main philosophy" is to keep things as simple as it gets
Fully understand and respect your commitment to this. I just wanted to clarify, my attachment was a script and not an indicator. It was meant to just help people draw their trendlines on new charts without having to use angles. It's not an indicator just a handy, manual tool to help people as they start to use your system. You have to drop the script onto the bar you've chosen to draw your line from - it won't look for the bars automatically.

You're right though, it can only be used on the desktop method but for those doing that then I hope it helps.

Thanks again for your thread.
  • #134
  • Dec 11, 2018 8:06am Dec 11, 2018 8:06am
To make decisions of bearish / bullish enteries, may I know what is your sequence of preference?

MACD?
Blue/Red TL?
Green Line?

If Green Line, Red TL and Previous Green Red cross broken but MACD not yet confirmed, so will you open trade? or wait for MACD confirmation?
.................
  • #135
  • Dec 12, 2018 5:26am Dec 12, 2018 5:26am
Quoting KashifNawaz
Dear Ata, Millions of bundles of thanks for this thread. You are an awesome teacher and explains so well that leave very less room for confusions and questions. Your simple charts are the most attractive and meaningful. Die hard fan since long time. I have read 7-8 posts of this thread and made my lines copying your style. Can you please have a look and let me know if I did anything wrong? {image}
There are little differences in how you clone your lines but all good. Also don't forget the "Dashed TL" concept. Trading dashed trendline areas gives you an advantage in every entry where you can run away easier and with little loss in case things go wrong.

Finally, the core logic and primary importance is to "stick" to selling the BLUE TL breakouts while below the GREEN line. And "stick" to buying the RED TL breakouts while above the GREEN line. And trade mixed when Green flows almost horizontal (flat).

MACD is only to see "Divergence" where I either close my trade and/or don't trade the next most current RED or BLUE trendlines anymore. At those times I am even looking to go against the trend (if I get a good feeling that there might be a reversal based on MACD divergence: Hence that's why the Steep TL breakout comes in play).

1. Green line comes first!
2. Then RED or BLUE TL breakouts. (I am checking MACD to be above 0 but it is let's say 30% crucial)
3. Then MACD Divergence (100% crucial): That's where I might start risking going against the trend via Steep TL breakout.

Stay Green
Focus only on what truly matters!
  • #136
  • Dec 12, 2018 5:50am Dec 12, 2018 5:50am
Quoting Ata-Turkoglu
{quote} There are little differences in how you clone your lines but all good. Also don't forget the "Dashed TL" concept. Trading dashed trendline areas gives you an advantage in every entry where you can run away easier and with little loss in case things go wrong. Finally, the core logic and primary importance is to "stick" to selling the BLUE TL breakouts while below the GREEN line. And "stick" to buying the RED TL breakouts while above the GREEN line. And trade mixed when Green flows almost horizontal (flat). MACD is only to see "Divergence"...
Thanks Ata for your detailed reply and explanation. It removed lot of confusions.
Now I reached to page 4 and learned to draw Dashed Lines as well. I calibrated Blue TL based on your morning post in EU thread and also Target Indi (shared by you) is recommending same line. I hope, soon I will be ready to copy your style.
Attached Image (click to enlarge)
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  • #137
  • Dec 12, 2018 8:32am Dec 12, 2018 8:32am
Quoting KashifNawaz
{quote} Thanks Ata for your detailed reply and explanation. It removed lot of confusions. Now I reached to page 4 and learned to draw Dashed Lines as well. I calibrated Blue TL based on your morning post in EU thread and also Target Indi (shared by you) is recommending same line. I hope, soon I will be ready to copy your style. {image}
In the beginning I understand that learning requires you to be a copy cat. But once you get the core logic try to be a little tolerant with lines. Try to adapt to little market noise. Sometimes candles look like they break the line but slip back in. At those times it is good to see the overall picture and therefore at such times you might have to move the trendlines a little bit to adapt to the new situation. But for now don't worry for that part. First get used to the logic. Take your time. All well

Stay Green
Focus only on what truly matters!
  • #138
  • Edited 9:33am Dec 13, 2018 8:09am | Edited 9:33am
[quote = Ata-Turkoglu; 11791640] {quote} Ada sedikit perbedaan dalam bagaimana Anda mengkloning garis Anda tetapi semuanya bagus. Juga jangan lupakan konsep "Dashed TL". Area trendline putus-putus perdagangan memberi Anda keuntungan di setiap entri di mana Anda dapat melarikan diri dengan lebih mudah dan dengan sedikit kerugian jika terjadi kesalahan. Akhirnya, logika inti dan kepentingan utama adalah "menempel" untuk menjual semburan TL BIRU sementara di bawah garis HIJAU. Dan "tongkat" untuk membeli jerawat TL RED sementara di atas garis GREEN. Dan perdagangan dicampur ketika Green mengalir hampir horizontal (datar). MACD hanya untuk melihat "Divergence" ... [/ quote]

Hai Ata-Turkoglu .. Sistem Anda Berjalan dengan Baik ....

Gross Profit:1 290.61
Gross Loss:0.00
Total Laba Bersih: 1 290,61
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 4.png Size: 60 KB
Click to Enlarge Name: 8.png Size: 60 KB
Attached File(s)
File Type: ex4 Ata-Turkoglu_Angles.ex4   19 KB | 1,063 downloads
  • #139
  • Dec 13, 2018 10:33am Dec 13, 2018 10:33am
Quoting COmar.FX
[quote = Ata-Turkoglu; 11791640] {quote} Ada sedikit perbedaan dalam bagaimana Anda mengkloning garis Anda tetapi semuanya bagus. Juga jangan lupakan konsep "Dashed TL". Area trendline putus-putus perdagangan memberi Anda keuntungan di setiap entri di mana Anda dapat melarikan diri dengan lebih mudah dan dengan sedikit kerugian jika terjadi kesalahan. Akhirnya, logika inti dan kepentingan utama adalah "menempel" untuk menjual semburan TL BIRU sementara di bawah garis HIJAU. Dan "tongkat" untuk membeli jerawat TL RED sementara di atas garis GREEN....
Terima kasih banyak temanku. Senang medengarnya. Maka saya dengan senang hati mengucapkan semoga anda sukses yang terbaik.

Stay Green
Focus only on what truly matters!
  • #140
  • Dec 14, 2018 8:15am Dec 14, 2018 8:15am
Additional Info - The Importance of the Dashed TL

Below is the explanation of the main benefit of making use of the Dashed TL. Example shows the bearish scenario. Flip the story for bullish scenario. Important is to be aware that we already can clone the Dashed line onto the preceding candle of the new candle that just has opened! I hope this little info improves your wisdom and success

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: DashedLineImportance.png Size: 24 KB
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