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Trading Made Simple(r)

  • #21
  • May 19, 2019 7:02pm May 19, 2019 7:02pm
Thanks for sharing your system
  • #22
  • May 19, 2019 7:23pm May 19, 2019 7:23pm
Quoting Laval
Thanks for sharing your system
You're welcome!
Always a Student, Never a Master - Emulate What Works
  • #23
  • May 19, 2019 10:23pm May 19, 2019 10:23pm
Two crossover trades. Is my entries correct?

Crossover trade 4H AUDNZD:

Attached Image (click to enlarge)
Click to Enlarge Name: 20190520AUDNZDH4.png Size: 65 KB



Crossover trade 4H EURAUD:


Attached Image (click to enlarge)
Click to Enlarge Name: 20190520EURAUDH4.png Size: 68 KB
  • #24
  • May 19, 2019 10:39pm May 19, 2019 10:39pm
Hi Robinhood
Is it possible to put an alert when HMA crosses MA?
  • #25
  • Edited 8:24am May 20, 2019 6:11am | Edited 8:24am
Quoting kirinda
Two crossover trades. Is my entries correct? Crossover trade 4H AUDNZD: {image} Crossover trade 4H EURAUD: {image}
Yes. Both are exactly correct. Good job. See how easy this is?

Edit: After just now looking more closely at these two trades, the only negative is that they occurred after very large bars which is usually much more risky, not because they don't ever win, but because you need a much larger stop. I apologize for not noticing this sooner. I mentioned this issue in my original post which I am re-posting below. Look at the lines I place in bold text.

Trading Tips:

When using the Crossover or Continuation methods for entries, it is best to enter on the 1st, 2nd, or 3rd candle after the HMA Line crosses the Yellow Line. Otherwise, it is usually better to wait for the next trade set-up. This is because, as Big E used to preach, most often candles only run the same colors for 3-8 bars.

When using the Crossover or Continuation methods for entries, ideally, you should only enter if BOTH Stochastic have crossed the Purple 50 Line (in the direction you are trading), or if one has crossed and the other is very close to crossing the 50.

You MUST wait for the set-up candle to close before you enter OR exit a trade.

It's often must riskier to enter a new trade immediately after an exceptionally large bar. So it's not suggested that you do it.

Whenever you enter a trade, make sure that the last bar has closed on the same side of the Yellow Line as the direction you are trading in.

When the two Stochastics cross in unison (or very close together), it's usually a better than average trade set-up. But, you also need the other indicators to agree before you enter.

Always enter a stop loss immediately when you place a trade.
Always a Student, Never a Master - Emulate What Works
  • #26
  • May 20, 2019 6:15am May 20, 2019 6:15am
Quoting paroucia
Hi Robinhood Is it possible to put an alert when HMA crosses MA?
I am sure it could easily be done, but I can't do it.

You could go to this thread and ask:

I will code your EAs and Indicators for no charge

https://www.forexfactory.com/showthread.php?t=166758
Always a Student, Never a Master - Emulate What Works
  • #27
  • May 20, 2019 6:26am May 20, 2019 6:26am
Straightforward system. Thanks.
  • #28
  • May 20, 2019 8:08am May 20, 2019 8:08am
Quoting mopaditi
Straightforward system. Thanks.
You're welcome!
Always a Student, Never a Master - Emulate What Works
  • #29
  • May 20, 2019 10:55am May 20, 2019 10:55am
Hi, im not getting the stochastic lines or the purple line appear in my RSI indicator, any ideas?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-w1-ig-group-limited.png Size: 74 KB
  • #30
  • Edited 12:43pm May 20, 2019 11:29am | Edited 12:43pm
Quoting Hazza88
Hi, im not getting the stochastic lines or the purple line appear in my RSI indicator, any ideas? {image}
I have no idea why this is happening. The zip file has been downloaded over 300 times and I have not heard of anyone else having that issue.

I have attached the Stochastic indicator below.

Attached File(s)
File Type: mq4 Stochastic_Color_v1.02classicC.mq4   15 KB | 1,940 downloads


Attached File(s)
File Type: ex4 Stochastic_Color_v1.02classicC.ex4   16 KB | 1,728 downloads


After you download and install it, close and restart MT 4, open your navigator and drag the indicator into the lower window....twice.

One Stochastic is set to 14, 3, 3 and the other one is set to 8, 3, 3

-------------

As far as the purple line goes, in the lower window, AFTER YOU INSTALL the Stochastic indicator (twice), just insert a purple horizontal line on 50
Always a Student, Never a Master - Emulate What Works
  • #31
  • May 20, 2019 9:23pm May 20, 2019 9:23pm
Quoting kirinda
Two crossover trades. Is my entries correct? Crossover trade 4H AUDNZD: {image} Crossover trade 4H EURAUD: {image}

today' potential H4 trades.
better to wait for the current H4 bar/candle to close and confirm the setup.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD May 22 H4 21-05-2019 12-18-24.png Size: 58 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD May 22 H4 21-05-2019 12-18-57.png Size: 57 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #32
  • May 20, 2019 10:23pm May 20, 2019 10:23pm
EURGBP example of a Weekly setup.

still have time to jump in perhaps a another approach is to jump in using H4.

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Weekly setup 21-05-2019 13-20-03.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33
  • May 21, 2019 12:39am May 21, 2019 12:39am
Quoting RobinHood
{quote} Yes. Both are exactly correct. Good job. See how easy this is? Edit: After just now looking more closely at these two trades, the only negative is that they occurred after very large bars which is usually much more risky, not because they don't ever win, but because you need a much larger stop. I apologize for not noticing this sooner. I mentioned this issue in my original post which I am re-posting below. Look at the lines I place in bold text. Trading Tips: When using the Crossover or Continuation methods for entries, it is best to enter...
Thanks for your good explanation why I shouldn't take these setups. Still my SL isn't hit so it doesn't look to bad yet.
  • #34
  • May 21, 2019 1:25am May 21, 2019 1:25am
Quoting kirinda
{quote} Thanks for your good explanation why I shouldn't take these setups. Still my SL isn't hit so it doesn't look to bad yet.
Here's what I see:

The EA looks like it's about to have a Crossover trade long (if you ignore the very large up candle). Both Stochastics and the RSI are above the 50 line. The HMA has turned Lime green and it has crossed above the Yellow Line and the candles have turned Blue/Blue.

The AN is less of an issue so far BUT the HMA Line has turned Deep Pink and the candles have turned Red/Red which tend to be warning signs (at least for me) when you are in a long trade.

----------

Aside from that, whichever ways you decide to trade the template is totally up to you. Personally, I like having all the indicators pointing in the direction I want to trade (figuratively speaking) and I don't like using large stops.
Always a Student, Never a Master - Emulate What Works
  • #35
  • May 21, 2019 1:50am May 21, 2019 1:50am
Quoting emmanuel7788
EURGBP example of a Weekly setup. still have time to jump in perhaps a another approach is to jump in using H4. {image}
Hi Emmanuel - your charts show arrows that no-one else does - are they manually drawn arrows to highlight an item/point or are they Indicatoer drawn? Cheers Neil
  • #36
  • May 21, 2019 2:36am May 21, 2019 2:36am
NZDUSD 4H crossover trade:

Attached Image (click to enlarge)
Click to Enlarge Name: 20190521NZDUSDH4.png Size: 69 KB




EURUSD 4H continuation trade:

Attached Image (click to enlarge)
Click to Enlarge Name: 20190521EURUSDH4.png Size: 73 KB
  • #37
  • May 21, 2019 2:43am May 21, 2019 2:43am
Quoting RobinHood
{quote} Here's what I see: The EA looks like it's about to have a Crossover trade long (if you ignore the very large up candle). Both Stochastics and the RSI are above the 50 line. The HMA has turned Lime green and it has crossed above the Yellow Line and the candles have turned Blue/Blue. The AN is less of an issue so far BUT the HMA Line has turned Deep Pink and the candles have turned Red/Red which tend to be warning signs (at least for me) when you are in a long trade. ---------- Aside from that, whichever ways you decide to trade the...
When you get a warning sign do you exit the trade?

On the EA trade I got a setup in the other direction than the orginal setup. Should I exit the trade?
  • #38
  • May 21, 2019 2:49am May 21, 2019 2:49am
Quoting emmanuel7788
EURGBP example of a Weekly setup. still have time to jump in perhaps a another approach is to jump in using H4. {image}
Hello @emmanuel7788 what's the red/blue arrow you are using on your chart?
  • #39
  • May 21, 2019 4:30am May 21, 2019 4:30am
Quoting neil001
{quote} Hi Emmanuel - your charts show arrows that no-one else does - are they manually drawn arrows to highlight an item/point or are they Indicatoer drawn? Cheers Neil

Quoting Chosen3000
{quote} Hello @emmanuel7788 what's the red/blue arrow you are using on your chart?

Hi,

I am testing an alert indicator to see if it works properly according to RobinHood's Crossover condition i.e. the HMA crosses the 5EMA,Close,Shift+2 Yellow Line.
Want to be sure that there is no repainting of the Up/Down arrows on live charts.
It is not intended to be trade signal but to send alert so that traders can analyse their own charts for buy or sell trade opportunities.
Let me finish the tests by this week and I will communicate with RobinHood and see how it can be of use in his thread.

Please wait for further update on this.

Trade Well, be discipline and follow the rules in Post#1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #40
  • May 21, 2019 4:35am May 21, 2019 4:35am
Quoting kirinda
NZDUSD 4H crossover trade: {image} EURUSD 4H continuation trade: {image}
Good Job!
Always a Student, Never a Master - Emulate What Works
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