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Trading Made Simple(r)

  • #721
  • Jun 28, 2019 11:16am Jun 28, 2019 11:16am
Quoting hikaru259
{quote} Hi Giedrius Here is my idea, what do you think? IMO, TMSr is a trend trading strategy, so in choppy market type, we can get some false signals. In your chart, we have a consolidation/ narrow range with flat MA, so I will wait for the price to break out this range before setting any order. It's safer I think. Thank you {image}
Sure you are right hikaru, just usually after consolidation trend takes of like a rocket . And most often I'll be just waving to this who are in this rocket .
It would be nice to know when engine starts.
  • #722
  • Jun 28, 2019 11:36am Jun 28, 2019 11:36am
Quoting gj7rwt
{quote} Hi RH, you will have to explain to me how that's classed as a crossover? From what I understand, a sell shouldn't have been taken as the rsi never fell below 50. Therefore to my mind that's a continuation trade? Have I misunderstood something? Cheers Andy
The RSI doesn't NEED to fall below the 50. It was above the 50 along with both Stochastics.

The candles turned red from to blue/blue.

The HMA Line was green AND crossed above the Yellow Line.

The HMA Line CROSSING the Yellow Line is WHY I named that type of trade a Crossover Trade. It has nothing to do with anything crossing the Purple 50 Line.

Here are the rules from Post # 1:

Crossover Trades:

1. The HMA Line is Lime Green and crosses above the Yellow Line for long trades OR the HMA Line and is Deep Pink and crosses below the Yellow Line for short trades.

2. The candles must have just changed from Dodger Blue/Blue to Red/Maroon for short trades or from Red/Maroon to Dodger Blue/Blue for long trades.

3. After both # 1 and # 2 above have occurred, preferably, you want to initiate a trade after the 1st bar has closed on the same side of the Yellow Line as the direction of the trade or on the 2nd or 3rd candle ideally. Entering any later than that is more risky.

4. The trade set-up bar is the 1st candle to cross over the Yellow Line AND is the opposite colors of the previous candles. Both bars must either be: Red/Maroon or Dodger Blue/Blue. Red/Maroon for short trades or Dodger Blue/Blue for long trades. The set-up candle must close before you enter a trade.

5. The 2 Stochastic Lines must be above, or crossing above the Purple 50 Line for longs OR below for shorts.

6. The RSI Line (Brown) must be on the same side of the Purple 50 line as the direction of the trade at the time of entry.
Always a Student, Never a Master - Emulate What Works
  • #723
  • Jun 28, 2019 11:41am Jun 28, 2019 11:41am
Just got back a while ago and closed my trades.

This is a site that shows currency movements during weekends for anyone interested and not aware: https://www.xe.com/
  • #724
  • Jun 28, 2019 11:52am Jun 28, 2019 11:52am
Hi RH!

May I know the detail of stochastic (8,3,3) ?? Because I dun have that indicator even I already downloaded from your given file.
  • #725
  • Jun 28, 2019 12:09pm Jun 28, 2019 12:09pm
Quoting RobinHood
{quote} The RSI doesn't NEED to fall below the 50. It was above the 50 along with both Stochastics. The candles turned red from to blue/blue. The HMA Line was green AND crossed above the Yellow Line. The HMA Line CROSSING the Yellow Line is WHY I named that type of trade a Crossover Trade. It has nothing to do with anything crossing the Purple 50 Line. Here are the rules from Post # 1: Crossover Trades: 1. The HMA Line is Lime Green and crosses above the Yellow Line for long trades OR the HMA Line and is Deep Pink and crosses below the Yellow Line...
Ok RH, thanks for clearing that one up.

Have a great week.

Cheers
Andy
  • #726
  • Jun 28, 2019 12:17pm Jun 28, 2019 12:17pm
Quoting Jefflee
Hi RH! May I know the detail of stochastic (8,3,3) ?? Because I dun have that indicator even I already downloaded from your given file.
If it's not there, then open the Navigator (it's the gold folder and star icon under the word Charts) and locate the correct Stochastics indicator and DRAG it onto the lower window and change the settings to 8,3,3. OR you might be able to insert the #1 Template again and it might work that way.
Always a Student, Never a Master - Emulate What Works
  • #727
  • Jun 28, 2019 12:29pm Jun 28, 2019 12:29pm
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts | Online Now
Quoting RobinHood
For those of you who are struggling with trading profitably, I would suggest that you ONLY trade Continuation Trades for a while. Once you get good at them, THEN you can start trading Crossover trades also (if you want to). The chart below shows 3 Continuation trades. {image}
RH,

Would you then also say that the two stoch when they change color have reached top/bottom or can we see it as an strong up/down trend? Interesting method, thanks.

regards,
We obey the structure that results from the market's reaction
  • #728
  • Jun 28, 2019 12:29pm Jun 28, 2019 12:29pm
Last two weeks trading is leaking like a sinking ship.
In every trade risk is 50$.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 96 KB

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 48 KB

All trades are taken by the rules on 4H chart.

SP
  • #729
  • Jun 28, 2019 12:32pm Jun 28, 2019 12:32pm
  •  Egbert
  • Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,082 Posts | Online Now
Quoting SuperPip
Last two weeks trading is leaking like a sinking ship. {image} {image} All trades are taken by the rules on 4H chart. SP
Would be better if you can post pictures of trades for us to participate.

Thanks
We obey the structure that results from the market's reaction
  • #730
  • Jun 28, 2019 12:58pm Jun 28, 2019 12:58pm
Quoting Egbert
{quote} RH, Would you then also say that the two stoch when they change color have reached top/bottom or can we see it as an strong up/down trend? Interesting method, thanks. regards,
The only real importance of the Stochastics for me is that they are above or below the Purple 50 Line.
Always a Student, Never a Master - Emulate What Works
  • #731
  • Jun 28, 2019 1:19pm Jun 28, 2019 1:19pm
Quoting Egbert
{quote} Would be better if you can post pictures of trades for us to participate. Thanks
My masterpieces.
AUDCAD
Attached Image

AUDJPY
Attached Image

AUDNZD
Attached Image

AUDUSD
Attached Image

EURAUD
Attached Image

EURGBP
Attached Image

EURJPY
Attached Image

EURNZD
Attached Image

EURUSD
Attached Image

GBPJPY
Attached Image


Next post will continue.
SP
  • #732
  • Jun 28, 2019 1:21pm Jun 28, 2019 1:21pm
GBPUSD
Attached Image

USDCAD
Attached Image

USDCHF
Attached Image

USDJPY
Attached Image


My entries are starting 2 hours before London till 2 hours after London.
Trades are closed for weekend.

Thanks!

SP
  • #733
  • Edited 3:03pm Jun 28, 2019 2:46pm | Edited 3:03pm
Quoting SuperPip
Last two weeks trading is leaking like a sinking ship. In every trade risk is 50$. {image} {image} {image} All trades are taken by the rules on 4H chart. SP
Anyone who looks closely at his trades in the chart images above can easily see that he is not always entering and exiting according to the rules that I laid out. He must have also missed the part about moving your stop to 2 bars back all along the way.

I have checked a couple of these trades and they are not accurate, so there is no need to check any more of them.

I'll show one example below.

Look at the trade highlighted in the yellow box.

It says that it was a short trade on the EURJPY on 6/28/19 on a 4 hr. chart.

Attached Image


Now here's an image of the EURJPY 4 hr. chart for that time period, June 28th and 2 days before it. Look at the purple vertical lines.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 4 Hr Chart.PNG Size: 102 KB


Does anyone see a valid short signal from 6/26/19 through 6/28/19? Because I don't.
Always a Student, Never a Master - Emulate What Works
  • #734
  • Edited Jun 29, 2019 1:42am Jun 28, 2019 2:53pm | Edited Jun 29, 2019 1:42am
~
Always a Student, Never a Master - Emulate What Works
  • #735
  • Jun 28, 2019 3:21pm Jun 28, 2019 3:21pm
Hello guy, please I need recommendations on who can help me create an indicator.
Begin with the end in mind
  • #736
  • Jun 28, 2019 3:28pm Jun 28, 2019 3:28pm
Quoting RobinHood
{quote} Anyone who looks closely at his trades in the chart images above can easily see that he is not always entering and exiting according to the rules that I laid out. He must have also missed the part about moving your stop to 2 bars back all along the way. I have checked a couple of these trades and they are not accurate, so there is no need to check any more of them. I'll show one example below. Look at the trade highlighted in the yellow box. It says that it was a short trade on the EURJPY on 6/28/19 on a 4 hr. chart. {image} Now here's an...
I too saw several flaws in the charts provided. It looks like an EA was hastily produced without incorporating all the processes required for the method to work properly.

Like I posted earlier, my first week trading this method netted me positive 50 odd pips, and that was without continuation trades.

Cheers
Andy
  • #737
  • Jun 28, 2019 3:31pm Jun 28, 2019 3:31pm
Quoting Luttlebird
Hello guy, please I need recommendations on who can help me create an indicator.

maybe https://www.forexfactory.com/showthr...6758&page=1480

or maybe https://www.forexfactory.com/reteid2222

best regards
  • #738
  • Edited Jun 29, 2019 3:22am Jun 28, 2019 5:24pm | Edited Jun 29, 2019 3:22am
Quoting RobinHood
{quote} Anyone who looks closely at his trades in the chart images above can easily see that he is not always entering and exiting according to the rules that I laid out. He must have also missed the part about moving your stop to 2 bars back all along the way. I have checked a couple of these trades and they are not accurate, so there is no need to check any more of them. I'll show one example below. Look at the trade highlighted in the yellow box. It says that it was a short trade on the EURJPY on 6/28/19 on a 4 hr. chart. {image} Now here's an...
Thank you for the comments!
I agree, I'm not always following the moving of SL. Bit messing with it.
One thing is sure, in papertrading we have better picture than it is in reality.
If you look the same EJ trade for example. On the entry time we had next situation on the chart.
RSI and Stoch are touching the purple line.
Attached Image

Later, after the entry, candle moved up and RSI and Stoch got repainted.
The same candle is marked on the chart.
Attached Image

It warns backtesting the method on the charts shows picture too ideal, because indicators are repainting and you can not see all the false signals.
I'm analyzing my entries. 52 trades is enough to make some conclusions. Last week was slowly moving for some pairs like
AUDCAD, AN, EU, GU. I'm not happy with entries on AUDCAD, pair was ranging tightly and lost every trade.
Attached Image


With thanks,
SP.

p.s.
RobinHood put me on ignore list in some reason. I do not know why, but
I simulated once again trough the entry points and they are documented here.
Most of them are by the rules. If you can understand what is wrong, please let me know.
Attached File(s)
File Type: pdf Entries.pdf   966 KB | 716 downloads

There are couple of things. Trade management should be better and sometime I was reading signal from last candle, but the
last is new one, not completed and can change and remove the signal trough next 4 hours.
Also people, be warned, back test is always more optimistic with this strategy.
There are my results of backtesting from begin of April to middle of June.
Attached Image

Forward test with same rules leaded to the losses.
I traded last two weeks blindly by the signals and wanted to get comparable result with backtest. Results are totally different.
I agree, we need to observe the bigger picture of market (trending, SR, etc).
I'm going improve and finetune trade managent for next period and want to post my results here.

The word repainting is wrong here. Reading signal from last, just opened candle is wrong.
Attached Image


RobinHood, can you remove ignore on me please.
I'm not insulting here, just looking for help, investigating and adapting the method.

With thanks,
SuperPip
  • #739
  • Jun 28, 2019 5:26pm Jun 28, 2019 5:26pm
Quoting SuperPip
Last two weeks trading is leaking like a sinking ship. In every trade risk is 50$. {image} {image} {image} All trades are taken by the rules on 4H chart. SP
Checked 10 of these - none qualified as an entry per rules.????
What TF are you using - looking at timestamp - your entries just look like random entries???
  • #740
  • Jun 28, 2019 5:33pm Jun 28, 2019 5:33pm
Quoting SuperPip
{quote} Thank you for the comments! I agree, I'm not always following the moving of SL. Bit messing with it. One thing is sure, in papertrading we have better picture than it is in reality. If you look the same EJ trade for example. On the entry time we had next situation on the chart: {image} Later, after the entry, candle moved up and RSI and Stoch got repainted. The same candle is marked on the chart. {image} Back testing the method on the charts is to ideal, because indicators are repainting and you can not see all the false signals. I'm analyzing...
Mate - none of those charts qualify as a trade - you need to read the rules again and then look at your EJ chart - nowhere near a trade
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