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Trading Made Simple

  • #95,481
  • May 4, 2019 9:00am May 4, 2019 9:00am
Quoting Tekkies
{quote} What can Tekkies offer here? ------ Don't have a crystal ball. Will do this everyday: Follow TDI Using these rules: a. Every-time M15 TDI makes a crossover: - check with V-Line if: b. H1 TDI green angle confirm the same direction. c. Both TDI green are: - Between 2 / 4 no trade. - Between 2 / 1 and 4 / 5 are good signals to enter a trade. - Between 12 / 1 and 5 / 6 are the best signals to enter a trade. d. Both Stoch confirm direction. 1. Grow the account bit by bit. 2. Keep doing it over and over every day. {image}
Some questions:
What is the V-Line?
What is 12 1 5 6 ?
Vucking good EA coder... https://t.ly/AZjRM
  • #95,482
  • Edited 12:10pm May 4, 2019 9:43am | Edited 12:10pm
Quoting reteid2222
{quote} Some questions: What is the V-Line? What is 12 1 5 6 ?
Are you asking as (a) coder or (b) trader?
----
What is the V-Line?
a. Indicator plot a OBJ_VLINE after every TDI crossover.
===
b. MQ4 build in vertical line (V-Line) and only used for visual aid when posting to FF. Not required or needed to trade this method.
---
What is 12 1 5 6?
a. Read this: https://www.mql5.com/en/articles/3237 , TMS Angleator.mq4 have the code already coded. (Steve, Mladen, CJA or Griffin might have coded it.)
===
b. It is a visual representation of the old clock or watch: 12 o'clock, 1 o'clock, 2 o'clock, 3 o'clock, 4 o'clock, 5 o'clock and 6 o'clock
It represent the strength of the momentum that caused TDI green to cross over red. The steeper the angle the stronger the momentum.
There are five stage that have the following criteria:
- Between 12 / 1 > Best signal to enter a buy trade. (Market will be very volatility or in a strong up trend.)
- Between 1 / 2 > Good signal to enter a buy trade. (Normale everyday market candles in a slow up trend.)
- Between 2 / 4 > Do not enter any trade. (Market in consolidation or ranging.)
- Between 4 / 5 > Good signals to enter a sell trade. (Normale everyday market candles in a slow down trend.)
- Between 5 / 6 > Best signals to enter a sell trade. (Market will be very volatility or in a strong down trend.)
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  • #95,483
  • May 4, 2019 10:28am May 4, 2019 10:28am
Hello,

I would like to ask you kindly, what is the success rate in this system?

Thank you.
  • #95,484
  • May 4, 2019 12:30pm May 4, 2019 12:30pm
Quoting reteid2222
{quote} Some questions: What is the V-Line? What is 12 1 5 6 ?
What is 12 1 5 6 ?

Answer: See the OP' Post#1073 for his example.
That post example says it is 5:45PM. But I know from experience, it can also be 5:45AM

Attached Image (click to enlarge)
Click to Enlarge Name: Big E post 1073 5-45pm angle.png Size: 149 KB


some confusion, example below by the OP.

Attached Image (click to enlarge)
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What is V-Line?

Next week, when market is open I will post some live example to explain the RSI Price Line momentum with charts and following the OP trading rules in his Post#261. The use of the HA candles is one of his rule.

<>
Don't contact Dean Malone about the TDI. The way he uses it for his method is 180 degrees from how we use it... you need to learn how to use it our way...

The TDI is the heart of our method. It tells you when to enter and where to exit any trades... so review previous posts and learn it good.

HA Candles are important because it makes your trading way less stressful... use them.

Stoch's is nothing but confirmation. If Stoch's & the TDI give different signals... lights flash off and on warning me to take a closer look before entering.. and usually I look for another trade.

5 ema... shows direction currently... only wanting to enter on candle 1 or two. If there is a reversal do I have a TDI signal to enter... if not and all looks strong then enter on candle 2... use some discretion... practice on Demo... take some chances and see if yor head computer was right... it's free.

HA Candles... What are their size? If they are small I will usually go find another set up... Look for consolidation... look for how close PA is to supp/res levels... use your brain !

Believe it or not you have to participate and think... until it's so second nature... there is nothing to it... it's so simple... don't complicate it or you will lose...

<>

programming is fun during my school days.
now programming to make money is even more fun in my retirement years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,485
  • Edited 12:45pm May 4, 2019 12:30pm | Edited 12:45pm
Quoting reteid2222
{quote} Some questions: What is the V-Line? What is 12 1 5 6 ?
Not related to your question. When testing a method for viability make use of trend lines. It is one way of many ways to test beside the Strategy Tester.
With the Strategy Tester the requirement is that history data must be 99.9% quality. Also take into consideration that the EA may have a coding error unknowing to the coder or user.

Trendlines can also confirm visually where the expert placed a correct or wrong trade or closed a trade wrongly. (Post 1,084)
VISUAL TESTING OF THE PROFITABILITY OF INDICATORS AND ALERTS
https://www.mql5.com/en/articles/1557
-------
Daily those trend lines / vlines are a reminder where I screwed up with a trade. Mistakes are becoming less and less.
Nice: a Break- even trade. Post 95,415
Bad: Placed the Break- even to early and the market took of with out a trade. Post 95,416
Can you see on the last chart the angle of green: Almost touching 12. Look how the market moved up.
-----
Down side to angles. They can also fool you.
  • #95,486
  • May 4, 2019 12:42pm May 4, 2019 12:42pm
Quoting thenk
Hello, I would like to ask you kindly, what is the success rate in this system? Thank you.
Hello,

According to the OP, his Post#495 below:

<>
Guys.... My point is lets keep the thread clean... If you see a post for someone looking for something or a different way you trade it... no problem but please PM them alone... thanks...

Lets build this so we can help as many traders as possible because they all have money and time invested and they need to make money for their efforts.

Starting out you should be 60-65% successful. Within 1 to two months you should be 70-80% successful.. IF... you follow the simple rules and simple exits... 3-6 months... 85% successful. Don't complicate it... keep it simple. Buy your wheel barrow..

I never knownly take a draw back of 40-50 pips even on the 4hr. I generally exit at 10-15 pips to keep my profit and I'll re-enter when it turns back. If it happens when I'M SLEEPING... SO WHAT ... I never know about it... S/L at last HH or LL. It turns out in my favor most of the time. I lose about 2 trades out of 14-16 trades. I can live with that. I choose my trades carefully making sure they meet the entry rules spot on... and pass on the iffy ones and go hunt other charts.

Even people trading Silver with our method are winning big time.

It's simple and straight forward so let's keep it that way please. I want you to win big time..
<>

Last week, trading DE30, I made 100% wins with just 7 trades. I trade following the Weekly trend. I use %Risk with initial Stop Loss and do my trades Position Sizing.
But next week, I can suffer losses and possibly Margin Call too if I trade 100 lots per trade recklessly without following DISCIPLINED money management strategy.
Better look for long term CONSISTENT results , say 36 months minimum. CONSISTENCY is just one measure of the trader's WINNING EDGE.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 18 trades closed W1 04-05-2019 07-32-50.png Size: 50 KB


Do you want to develop your winning edge?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,487
  • May 4, 2019 1:00pm May 4, 2019 1:00pm
Quoting Tekkies
{quote} ...----- Down side to angles. They can also fool you.
<>
Down side to angles. They can also fool you.
<>
But when you follow rules and conditions in the OP' Post#261 and pick the reversal candles that shows price action with momentum they will not fool you. Try it!

I will post next week with charts live examples when market is open.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,488
  • May 4, 2019 1:26pm May 4, 2019 1:26pm
Quoting emmanuel7788
{quote} <> Down side to angles. They can also fool you. <> But when you follow rules and conditions in the OP' Post#261 and pick the reversal candles that shows price action with momentum they will not fool you. Try it! I will post next week with charts live examples when market is open. {image}
Do you understand plain English?
Attached Image

Stop trolling Tekkies
  • #95,489
  • May 4, 2019 1:43pm May 4, 2019 1:43pm
Quoting Tekkies
{quote} Do you understand plain English? {image} Stop trolling Tekkies

Are you feeling insecure when we are discussing about trading related matters like coding, back-testing, etc. most important is how we trade following the OP's posts and finding improvements to our own trading results as we progress.

This is sharing and learning together for the benefit of all who are interested learn and develop.

The OP said: let's build this thread together. Post#4432 when he moved the discussions from the Commercial forum to Trading Systems forum.

OK... we've made the jump... we are now in Trading Systems under "Trading Made Simple"... I want to invite you all and lets build this new thread together... I'm depending on you... Let's kick bootie... Big E

Do you know the Six Thinking Hats?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,490
  • May 4, 2019 2:18pm May 4, 2019 2:18pm
looking foward to being a part of the thread and following Big Es example as good as i can!
how much chartime is normally needed to get really good at a specifik strategy?
  • #95,491
  • May 4, 2019 9:50pm May 4, 2019 9:50pm
Quoting TooBadFX
looking foward to being a part of the thread and following Big Es example as good as i can! how much chartime is normally needed to get really good at a specifik strategy?
Depends on how much you already know. BigE gave the time period between 3 and 8 month's: Post 88,221

Even now at almost 5 years the market manage to take a chunk out of the trading account now and then. Then you do this:Post 786

Download BigE Full.pdf, Use the Search function / google for answers to your own questions.
  • #95,492
  • May 4, 2019 10:39pm May 4, 2019 10:39pm
Quoting TooBadFX
looking foward to being a part of the thread and following Big Es example as good as i can! how much chartime is normally needed to get really good at a specifik strategy?
Quoting Tekkies
{quote} Depends on how much you already know. BigE gave the time period between 3 and 8 month's: Post 88,221 Even now at almost 5 years the market manage to take a chunk out of the trading account now and then. Then you do this:Post 786 Download BigE Full.pdf, Use the Search function / google for answers to your own questions.
@Tekkies.


Hi TooBadFX,


That Post 786 was taken from the old thread title Craig Harris Stochastics Method.
The complete post is linked below.

Post#4030
https://www.forexfactory.com/showthr...23#post4504723

There are 3 options which I posted before, several times. It really depends on you as the person who wants to be a trader.

Q. how much chartime is normally needed to get really good at a specifik strategy?
A.
If you have been trading the markets for 9 years like Big E before he turn to trading spot forex, it took him 6,000 hours and 2 years to develop his 5-Method which is now Trading Made Simple in this thread. Big E as I learned was no rookie trader. He traded the stock market in the late 90's. He knew several other trading methods/systems which he used to develop his 21/233 Method and 5-Method. Both methods are trend following and are still good technical trading methods. You need to be discipline to trade these two methods and make them your own winning systems which fits you only. reference Post#296

New traders coming to this thread have three Options:

Option #1: Go to this post link, read and follow that post.The TMS history is all here.

https://www.forexfactory.com/showthr...2#post10965032

Option #2:
You don't have to read 4475 pages (95k of posts)
Just two pdf files compiled by older members here will suffice.
Go to this post link, download and read those two pdfs files.
But note that these pdf are not complete but a good summary compilation.

https://www.forexfactory.com/showthr...31#post9656031

Option #3:
For those with some years of trading experience trading with indicators, this option may be better.

Click and read One, Two and Three

TMS being the 5-Method is a technical trading methodology therefore you need to add your own Money Management and make it your own system. Your trading psychology is another subject matter not talked about much.

Have fun and enjoy your learning and trading journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,493
  • May 4, 2019 11:14pm May 4, 2019 11:14pm
GBPAUD Week 19 May 06 to 10

I know some traders were chasing longs last week and it may continue to move higher in the next few days.
But there is historical swing levels and these can be potential resistance for sideways market condition and correction of the recent strong move up.
Those who started sell at the extremes must hold longer and for better average selling price which can be much higher.

Anyway, I start stalking next week and look for sell opportunities with ME/ME.
It is now a WAITING game that require daily watch ... PATIENCE.

H4 look for swing high would be one way to jump in early with smaller stop loss Risk and build from there.


Weekly Big Picture View:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 19 May 06-10 W1 BPP 05-05-2019 11-52-13.png Size: 29 KB



Daily Big Picture View:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 19 May06-10 D1 BPP 05-05-2019 11-54-37.png Size: 31 KB


TMS multi-charts view:

D1 - take note of Price Action when the TDI RSI price Line re-enters the VB.

H4 - like wise, pay attention to the H4 Price Action when the TDI approaches level of the last TDI reversal.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 19 May 02 - 10 H4 TMS multi charts 05-05-2019 12-08-40.png Size: 49 KB


Trade Well and Trade Safe, always trade with Stop Loss / Cut-loss in your plan.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,494
  • May 4, 2019 11:33pm May 4, 2019 11:33pm
GBPAUD Daily chart various scenarios

the market will do what it wants, but looking at past performance by analysing what happened in its past after a bullish rally. History tends to repeats itself.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 19 May 06 to 10 scenarios 05-05-2019 12-19-18.png Size: 62 KB


A,B,C,D and E can repeat or there will be yet another scenario F.

Being GREEDY, I would love scenario B to happen in the comings days / weeks.

I FEAR most Scenarios A and D much more than C because I am SELL bias.

Scenario E is choppy conditions and can cause pro-long stress if selling at too high average price.

In every market situation, we are always prepared to cut-loss and walk away.

We shall see.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,495
  • May 5, 2019 6:59am May 5, 2019 6:59am
Is eelfranz active?
Last login was 2011.
The 1st page is up to date or should we read all pages?
Can you give us system requirements and conditions ( I am sure you already shared previous pages ).
Thank you.
  • #95,496
  • May 5, 2019 7:11am May 5, 2019 7:11am
Quoting thenk
Is eelfranz active? Last login was 2011. The 1st page is up to date or should we read all pages? Can you give us system requirements and conditions ( I am sure you already shared previous pages ). Thank you.
BigE passed away.
Post#1 is applicable.
Use Post#25 indicators.
Use Post#1 or Post#25 template.
Unless you are still using pre- 2011 computer, system requirements are the same for MT4 platform.
----
What conditions? We are not mind reader's, be specific please.
  • #95,497
  • May 5, 2019 7:18am May 5, 2019 7:18am
Quoting Tekkies
{quote} BigE passed away. Post#1 is applicable. Use Post#25 indicators. Use Post#1 or Post#25 template. Unless you are still using pre- 2011 computer, system requirements are the same for MT4 platform. ---- What conditions? We are not mind reader's, be specific please.
Thank you for quick response, conditions mean rules.
  • #95,498
  • May 5, 2019 7:36am May 5, 2019 7:36am
Quoting thenk
Is eelfranz active? Last login was 2011. The 1st page is up to date or should we read all pages? Can you give us system requirements and conditions ( I am sure you already shared previous pages ). Thank you.

Hi thenk,

You know his last Post#12,912 was this:
<>
So many new traders... Do not think you can trade with us without reading the thread and taking notes. READ & STUDY.

...

Big E
<>

Best thing you can do is to read from Post#1 up to Post#12,912.... read, study and learn. Write your own notes as you follow the trading journey of Big E here is Forex Factory.

When you have any questions, post and ask. I will reply you easily as I have made my own wikipage on all the topics shared and discussed since 2008.

Enjoy the learning journey and trade well.

Quoting thenk
{quote} Thank you for quick response, conditions mean rules.
Read Post #261 and Post#647. These are the important posts of the 5-Method.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #95,499
  • May 5, 2019 7:38am May 5, 2019 7:38am
Quoting thenk
{quote} Thank you for quick response, conditions mean rules.

When market goes up > Buy
When market goes down > Sell
-----
Start with post#647.
If you really want to go the distance: Post 92,918
  • #95,500
  • May 5, 2019 7:47am May 5, 2019 7:47am
DE30 Week 19 May 06 to 10 Trade Plan

Will continue with buy like the previous weeks but with more caution next week. Look at H4 TMS chart template, the price action can swing around the 5EMA like last week and it only breakaway from the 5EMA on Friday.

Weekly chart with APB/HA candles.

Note the HA candle open next week will be very close the low of last week. This means something to the price action when we trade TMS 5-Method.
I will open buy when market open and build my positions looking at 4-hour periods using M5.

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 Week 19 W1 Buy EP SL 05-05-2019 20-37-34.png Size: 38 KB


H4 TMS chanrt template:

Attached Image (click to enlarge)
Click to Enlarge Name: DE30 H4 review 05-05-2019 20-26-17.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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