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Effortless Trading Explained + FAQ

  • #141
  • Dec 14, 2018 11:05am Dec 14, 2018 11:05am
Quoting Ata-Turkoglu
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 {image}
Grear info, Ata.

Can this method be applied to M5?
  • #142
  • Edited Dec 15, 2018 5:28am Dec 14, 2018 4:16pm | Edited Dec 15, 2018 5:28am
Quoting pohchuan
{quote} Grear info, Ata. Can this method be applied to M5?
On M5, the candles would not go far enough from these breakout levels and therefore would prevent you from taking satisfying profit. I use the M5 right after I spotted an entry on H1 or M15. For example as soon as the touch to Dashed TL occurs on H1 or M15, I immediately step down to M5 and check if I can have an entry. Only at such particular moments where H1 (or M15) confirms a trade first, the M5 can help you to enter at a better price or even prevent an early entry because now you will wait one final time to have the same Dashed TL touch. That means you never use this logic on any timeframe smaller than the M15.

I hope it clarifies.

Stay Green
Focus only on what truly matters!
  • #143
  • Dec 14, 2018 11:03pm Dec 14, 2018 11:03pm
Quoting Ata-Turkoglu
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 {image}
Thank you, ... you are absolutely right ... according to what happened
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  • #144
  • Dec 16, 2018 2:44am Dec 16, 2018 2:44am
Quoting Ata-Turkoglu
{quote} On M5, the candles would not go far enough from these breakout levels and therefore would prevent you from taking satisfying profit. I use the M5 right after I spotted an entry on H1 or M15. For example as soon as the touch to Dashed TL occurs on H1 or M15, I immediately step down to M5 and check if I can have an entry. Only at such particular moments where H1 (or M15) confirms a trade first, the M5 can help you to enter at a better price or even prevent an early entry because now you will wait one final time to have the same Dashed TL touch....
How does the SL work for your system?
  • #145
  • Dec 16, 2018 4:51pm Dec 16, 2018 4:51pm
Quoting Soraman
{quote} How does the SL work for your system?
If you do everything right and have a correct entry, on H1 a 20 to 25 pips Initial SL should be safe. On M15 the initial SL would be 15 to 20 pips.

That being said, all my SL settings are "mental" and I never set a real SL so close to entry. If you still want to play safe to protect yourself from cases like the CHF crash, it would be wise to put a real SL in the very beginning 100 pips away from an entry level on H1 and 50 pips away from M15, just as an insurance policy.

But the moment you would look to manually close your trade begins once your SL level has been touched. Then you will delay closing your trade until you see an M5 candle close below that level. Only then you will close. If you anticipate that it still might reverse, you can even delay the manual close for maybe until you see two M5 candles closing below your mental SL level, but make sure you don't trick yourself to excessive delaying. Don't hesitate to close your trade once your limit has been breached. Losses are natural in trading and it is the long-term profit that counts.

Then, in case you entered and now your trade is in profit, you will start trailing. And you will trail your REAL SL (You will remember that we had one set as insurance at a distance of 50 or 100 pips, that's the SL I am talking about). The first moment you bring your SL to breakeven will be once H1 candles are 15 pips away from your entry on H1 and 10 pips away from entries on M15. If you get stopped out you will maybe enter with a better price or with the next opportunity. Don't worry. Some days we might have 3, 5 or even 10 breakeven trades in a row if the market is choppy but we keep insisting as long as we see the rules giving us signals towards the same direction.

At days when trade runs in your favor and you see price 30 or 50 pips far from your entry you already must guarantee to trail your SL at a nice level where you could take 50% of profit at least. That way you will not be giving back a crucial amount of your profit. The rest is trailing your SL as you prefer until you get stopped out. That part is totally up to your skills.

I hope it clarifies.

Stay Green
Focus only on what truly matters!
  • #146
  • Dec 16, 2018 5:23pm Dec 16, 2018 5:23pm
Quoting Ata-Turkoglu
{quote} If you do everything right and have a correct entry, on H1 a 20 to 25 pips Initial SL should be safe. On M15 the initial SL would be 15 to 20 pips. That being said, all my SL settings are "mental" and I never set a real SL so close to entry. If you still want to play safe to protect yourself from cases like the CHF crash, it would be wise to put a real SL in the very beginning 100 pips away from an entry level on H1 and 50 pips away from M15, just as an insurance policy. But the moment you would look to manually close your trade begins once...
Yes it help thank you.
  • #147
  • Dec 16, 2018 10:05pm Dec 16, 2018 10:05pm
I tried OP on Friday and today it works ... the system works according to predictions ...
thanks
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  • #148
  • Dec 18, 2018 2:55am Dec 18, 2018 2:55am
Hi! What is red 8 EMA (Shift:1) line? What does this line indicates? Thanks!
  • #149
  • Dec 18, 2018 6:01am Dec 18, 2018 6:01am
Quoting 777girl
Hi! What is red 8 EMA (Shift:1) line? What does this line indicates? Thanks!
Right after I see a breakout from RED TL or BLUE TL or right after I see the 1st touch to Dashed TL, I generally step down to M5 to enter at best price possible. Let's say it is a long trade I want to jump in. Then I look if M5 candles start to close above the 8 EMA line or not. Only once I see M5 candles can close above 8 EMA (sometimes with help of anticipation) I enter long. Flip the logic for short entries.

I also use the 8 EMA line to stay in a trade. If I am long and candles are still above the 8 EMA I wait and let my profits run. A close below 8 EMA might not mean you must close your trade. BUT candles NOT closing below 8 EMA means definitely don't close your trade or don't take profit yet.

I hope it clarifies.

Stay Green
Focus only on what truly matters!
  • #150
  • Dec 27, 2018 12:25am Dec 27, 2018 12:25am
Quoting Ata-Turkoglu
Here I simply want to keep it limited with only explaining my "Effortless Trading" methodology, from which I perpetually make use of. Think of this thread as a temporary "classroom" where all the answers related to my system shall be provided. The reason for creating this thread was the many questions that came as soon as I mentioned it on my "EURUSD Only" thread. Members naturally started asking questions to understand the logic and the thread was simply not the best place to share my answers to all questions at once. But here I can do that. Below...

Thanks Ata......................!!!
  • #151
  • Jan 3, 2019 11:22pm Jan 3, 2019 11:22pm
merhaba .resimlerin türkçe olanı varmı acaba
  • #152
  • Jan 4, 2019 1:57am Jan 4, 2019 1:57am
Quoting Ridvankara
merhaba .resimlerin türkçe olanı varmı acaba
No brother, no Turkish versions of images. Sorry.

Stay Green
Focus only on what truly matters!
  • #153
  • Jan 10, 2019 4:56am Jan 10, 2019 4:56am
Hi Ata,

Apologies if a stupid question, but i also only use the MT apps on my phone to trade. I was just wondering how u set up the angles etc (which you highlight on the first page of this thread)? Unless im using the wrong indictator, i can only draw manual TLs etc with my finger. It is only on the PC that i can enter gradients etc?

Cheers
JP
  • #154
  • Jan 10, 2019 5:08am Jan 10, 2019 5:08am
Quoting 777girl
Hi! What is red 8 EMA (Shift:1) line? What does this line indicates? Thanks!
Exponential Moving Average of the last 8 periods.
Fix up, trade sharp ...
  • #155
  • Edited 12:59am Jan 12, 2019 12:47am | Edited 12:59am
Quoting Jp1
Hi Ata, Apologies if a stupid question, but i also only use the MT apps on my phone to trade. I was just wondering how u set up the angles etc (which you highlight on the first page of this thread)? Unless im using the wrong indictator, i can only draw manual TLs etc with my finger. It is only on the PC that i can enter gradients etc? Cheers JP
Mobile version of MT4 also has the option to draw angled trendlines. Nothing new and it works much better compared to MT4 desktop version.

Stay Green
Focus only on what truly matters!
  • #156
  • Jan 12, 2019 2:22am Jan 12, 2019 2:22am
Quoting Jp1
Hi Ata, Apologies if a stupid question, but i also only use the MT apps on my phone to trade. I was just wondering how u set up the angles etc (which you highlight on the first page of this thread)? Unless im using the wrong indictator, i can only draw manual TLs etc with my finger. It is only on the PC that i can enter gradients etc? Cheers JP
Quoting Ata-Turkoglu
{quote} Mobile version of MT4 also has the option to draw angled trendlines. Nothing new and it works much better compared to MT4 desktop version. Stay Green
Here let me help... first go to your chart, then on the top of your screen click on the icon with the square, circle and triangle. That opens your objects menu. Click on ‘Trend by Angle’. After that, there’s 2 ways to do it (refer to screenshots):

1. Draw an arbitrary trend line. You’ll see 3 dots along the line. The middle dot is for you to move the trendline around and position it on your chart properly. The dots on either ends of the line are for you to adjust the angles accordingly, where you should be able to see the exact degree on the top of your screen. Once you got the proper angle, you can resize your line and position it accordingly based on Ata’s system. This method also works with regular trend lines.

2. Draw an arbitrary trend line. Tap and hold down on it. Click on properties then there will be a tab to input specific angles. It’s a little more precise this way but it only works for the ‘Trend by Angle’ option and not the regular trendline option. You can resize your line after that using the dots on either ends of the line then position it on your chart with the middle dot.

Hope this helps.
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You hesitate, you masturbate.
  • #157
  • Feb 3, 2019 2:07am Feb 3, 2019 2:07am
Quoting engweijie
{quote} {quote} Here let me help... first go to your chart, then on the top of your screen click on the icon with the square, circle and triangle. That opens your objects menu.
Thanks for your detailed post dear. I wonder, which MT4 version you are using because in my mobile version, I cannot see icon with the square, circle and triangle. I cannot even draw a simple trend line, angle line is still my dream on mobile version.
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.................
  • #158
  • Edited 10:34pm Feb 3, 2019 2:17am | Edited 10:34pm
Quoting KashifNawaz
{quote} Thanks for your detailed post dear. I wonder, which MT4 version you are using because in my mobile version, I cannot see icon with the square, circle and triangle. I cannot even draw a simple trend line, angle line is still my dream on mobile version.
Hey man, I was using MT4 for iPhone. I see your version is the one for tablets (Android and iPad). I don't want to derail or disrespect Ata's thread - this thread is for his teachings of his system and this mobile talk is off topic.

Please drop me a PM for what you need help with on your MT4 mobile I'll be happy to share some screenshots to help you set up what you need.

Hope everyone's having a good weekend!
You hesitate, you masturbate.
  • #159
  • Edited 4:52am Mar 9, 2019 3:41am | Edited 4:52am
H1 Bearish Trend Entry Examples

Important:

  1. All SL levels explained on the chart are SOLID SL and not MENTAL SL. So you must really set a solid SL on your software.
  2. All entries are executed 10 pips above the GREEN line touch point BUT this is not a must. This is sort of "the least" you can do if you can only trade blindly and don't want to bother. But I generally start checking M1 or M5 chart once price arrives at 10 pips above the GREEN line touch point. Then I check for a regular trendline breakout. That way I can entry maybe a few pips or more higher than planned and it will provide bonus pips for my trades. It also helps not getting stopped out easily.
  3. Once you calculated the distance between "GREEN LINE TOUCH POINT" and "RED TL" via the "36.9 Angled TL (Purple)" you put your SL 2 times higher than the distance pip value of your ENTRY PRICE! In other words once you have entered, you then check entry price and add "2xDistance" to it. That's your SL level.
  4. If your "2xDistance" value is smaller than 35 pips you will always assume SL is 35 pips. In other words based on H1 chart your real "Initial SL" should never be set to a level smaller than 35 pips.
  5. Once your trade runs, you will set a real "Take Profit" level to a level same in size as calculated "2xDistance". That way every trade will have a 1:1 risk reward. You will never take lesser profit than 1:1. (But if you know what you are doing then feel free to gain by trailing your SL. That's totally up to your skill. But again even if you do that you should never gain lesser than 1:1.)

So that's it. I hope it adds to what was explained so far. Study the idea as long as you can and if you have questions keep asking here.

*Currently with the same logic explained we can see that touch point to the GREEN line was roughly at: 1.1229. Now add 10 pips to it and round it up: 1.1240. So, this is our simplest SELL entry price. The Calculated Distance to RED TL would be roughly 37 pips. (I really don't try to be precise here). Now if we double that up: 2 x 37 = 74 pips. (Sorry for the typo on the chart. It should have been written 74 pips and not 72!). So if we add this 2xDistance value to entry price our initial SL level will be: 1.1240 + 0.0074 = 1.1314. Finally, the TP level we are aiming for this trade based on 1:1 risk reward would be 1.1240 - 0.0074 = 1.1166.

Stay Green

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Focus only on what truly matters!
  • #160
  • Mar 9, 2019 4:48am Mar 9, 2019 4:48am
Thanks ATA once again for bringing geometry to trading, i really appreciate the divergence and convergence dimension
Quoting Ata-Turkoglu
H1 Bearish Trend Entry Examples Important: All SL levels explained on the chart are SOLID SL and not MENTAL SL. So you must really set a solid SL on your software. All entries are executed 10 pips above the GREEN line touch point BUT this is not a must. This is sort of "the least" you can do if you can only trade blindly and don't want to bother. But I generally start checking M1 or M5 chart once price arrives at 10 pips above the GREEN line touch point. Then I check for a regular trendline breakout. That way I can entry maybe a few pips or more...
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