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Trading Made Simple the right way, and other trading lessons 334 replies

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Trading Made Simple(r)

  • #301
  • Jun 17, 2019 1:23pm Jun 17, 2019 1:23pm
Quoting RobinHood
{quote} Yes they do. And they can vary a lot. I like brokers that start the new trading day at 5:00 PM.
Do you mean 5 pm GMT?
Begin with the end in mind
  • #302
  • Jun 17, 2019 3:29pm Jun 17, 2019 3:29pm
Quoting Satraderma
I am selling gold {image}
can u share your news indicator?
Thanks
  • #303
  • Edited Jun 18, 2019 10:47am Jun 17, 2019 4:14pm | Edited Jun 18, 2019 10:47am
I am not really ready to share this in full detail because the jury is still out, but I will show you what I am working on because people are obviously wondering what it is. I am still playing around with it so I don't have any concrete rules yet. This will take some time to figure out so bear with me.

Here are the trades from last week that I am still in:

Attached Image (click to enlarge)
Click to Enlarge Name: New Trades.PNG Size: 170 KB


Here's a close-up of one pair so you can see what's going on.

Attached Image (click to enlarge)
Click to Enlarge Name: New Trades 2.PNG Size: 90 KB


1. What most traders don't realize is that the exit is far more important than the entry.

2. They also don't want to accept that you can lose on 70% of your trades and still make a fortune.

3. And they also don't want to accept that there is NO HOLY GRAIL and to stop looking for it.
Always a Student, Never a Master - Emulate What Works
  • #304
  • Jun 17, 2019 4:24pm Jun 17, 2019 4:24pm
Trading Made Simple(r)2

Trading made Simple(r) squared
  • #305
  • Jun 17, 2019 4:37pm Jun 17, 2019 4:37pm
Quoting neil001
Trading Made Simple(r)2 Trading made Simple(r) squared
LOL!
Always a Student, Never a Master - Emulate What Works
  • #306
  • Jun 17, 2019 6:56pm Jun 17, 2019 6:56pm
Quoting RobinHood
{quote} As I said in Post 1, I trade 4 Hr and Daily charts. My EJ entry was based on a 4 Hr chart...that I kept and decided to turn into a Daily trade, which I very often do. Plus, as I said before, I used a "different combination" of indicators than all 7 that are used in Template 1 to enter these trades. I used only 4 of them instead of all 7.
Hi Robinhood,

Care to explain what your H4 entry was based on as I find nothing on my H4 candles to indicate a trade? (not being difficult, would just like to know what you saw).

Regards,
Roni
  • #307
  • Jun 17, 2019 7:12pm Jun 17, 2019 7:12pm
Hi Thanks for sharing this, i think this system works for me and as an example of good system so i can build my own
  • #308
  • Jun 17, 2019 7:14pm Jun 17, 2019 7:14pm
Quoting Roni26
{quote} Hi Robinhood, Care to explain what your H4 entry was based on as I find nothing on my H4 candles to indicate a trade? (not being difficult, would just like to know what you saw). Regards, Roni
Using the AUDUSD I posted above (and below) as an example, both candles turned red and the HMA line turned Deep Pink implying to go short. (Some of these trades started on the 4 hr charts (or maybe all of them, I can't remember).

Attached Image (click to enlarge)
Click to Enlarge Name: New Trades 2.PNG Size: 90 KB


But that's the easier part. It's the exit that I am working on and I will show it after it happens. Plus, I may use the OsMA to filter some trades, I haven't come to a definitive conclusion yet.
Always a Student, Never a Master - Emulate What Works
  • #309
  • Jun 17, 2019 10:36pm Jun 17, 2019 10:36pm
Quoting RobinHood
{quote} I don't know. As you can tell by reading the thread, almost no one using the template has had any issues like this. All I can suggest is that look in your Indicators List and make sure you have all 3 indicators in there as shown below: {image}
The source file for "Stochastic_Color_v1.02classicC" indicator is giving compilation errors! you have the source included in the template.
You can either remove the source from the template or correct the bug.
Otherwise, if the source will be compiled then the ex4 file will disappear
  • #310
  • Jun 17, 2019 11:33pm Jun 17, 2019 11:33pm
Small loss on gold im out and with nzdjpy place me on break even.
Attached File(s)
File Type: ex4 News_Events.ex4   128 KB | 551 downloads
Will be back in 5years
  • #311
  • Jun 17, 2019 11:37pm Jun 17, 2019 11:37pm
Quoting Satraderma
I am selling gold {image}
Can you please share your news indicator.
Begin with the end in mind
  • #312
  • Jun 17, 2019 11:51pm Jun 17, 2019 11:51pm
Quoting RobinHood
I am not really ready to share this in full detail because the jury is still out, but I will show you what I am working on because people are obviously wondering what it is. I am still playing around with it so I don't have any concrete rules yet. This will take some time to figure out so bear with me. Here are the trades from last week that I am still in: {image} Here's a close-up of one pair so you can see what's going on. {image} Here's a close-up of the new indicator, it's called: OsMA. * Yes, I know it's not NEW, I just have not considered...
In other words, the Yellow Line = 5 EMA, Shift + 2, Close is not needed here.
Begin with the end in mind
  • #313
  • Jun 18, 2019 1:17am Jun 18, 2019 1:17am
[quote=RobinHood;12333409]{quote} I was going to mention that not waiting for RSI to cross below the 50 line can be more risky when I posted earlier. But it's a probabl
Daily chart is more reliable than 4 hour chart with this system.
  • #314
  • Jun 18, 2019 4:06am Jun 18, 2019 4:06am
After 3 days using #1 temple with Two Basic Trade Entry Methods, I got an insanse win rate. I hope I can fish for living with this tool that @RobinHood give us for free. Many thanks and best regards!
By the way, #1 temple is woking fine on 15M and 4H TF XAUUSD.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 185 KB
  • #315
  • Jun 18, 2019 4:09am Jun 18, 2019 4:09am
Quoting RobinHood
I am not really ready to share this in full detail because the jury is still out, but I will show you what I am working on because people are obviously wondering what it is. I am still playing around with it so I don't have any concrete rules yet. This will take some time to figure out so bear with me. Here are the trades from last week that I am still in: {image} Here's a close-up of one pair so you can see what's going on. {image} Here's a close-up of the new indicator, it's called: OsMA. * Yes, I know it's not NEW, I just have not considered...
It's always good to explore indis and settings to find a better 'algorithm'.

This channel has some interesting content about making your algorithm. The creator claims to be a professional trader. Naturally he is not giving away his formula, but it does explain some useful principles in terms of putting together an effective suite of indis for trend trading.
https://www.youtube.com/channel/UCc8...r4NGbaQFnd2b-A
  • #316
  • Jun 18, 2019 4:35am Jun 18, 2019 4:35am
sell [email protected]
sl 1349.13
tp 1335.00
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 36 KB
  • #317
  • Jun 18, 2019 5:06am Jun 18, 2019 5:06am
Quoting FxDream2409
After 3 days using #1 temple with Two Basic Trade Entry Methods, I got an insanse win rate. I hope I can fish for living with this tool that @RobinHood give us for free. Many thanks and best regards! By the way, #1 temple is woking fine on 15M and 4H TF XAUUSD. {image}
The winning percentage will be above 85% if you use the Daily chart. This system works with any instrument. Best of luck.
  • #318
  • Jun 18, 2019 5:20am Jun 18, 2019 5:20am
Quoting Larbi
sell [email protected] sl 1349.13 tp 1335.00 {image}
Hi Larbi,

what method are you using for this trade?

It doesn't look like tms'r as per Robinhood template

Cheers
Andy
  • #319
  • Jun 18, 2019 9:18am Jun 18, 2019 9:18am
Here's a new Continuation Trade I got in a couple of hours ago based on a 4 Hr. chart. I will likely turn it into a Daily trade if it keeps going down for long enough.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD.PNG Size: 98 KB
Always a Student, Never a Master - Emulate What Works
  • #320
  • Jun 18, 2019 9:37am Jun 18, 2019 9:37am
Quoting FxDream2409
After 3 days using #1 temple with Two Basic Trade Entry Methods, I got an insanse win rate. I hope I can fish for living with this tool that @RobinHood give us for free. Many thanks and best regards! By the way, #1 temple is woking fine on 15M and 4H TF XAUUSD. {image}
Were you just trading crossovers or what did you look for for setups? Any screenshots? Would be nice to see some examples. Way to go!
Green pips to all
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