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Trading Made Simple(r)

  • #1,061
  • Jul 5, 2019 10:09am Jul 5, 2019 10:09am
Quoting hikaru259
My trades right now with all of profit locked, trades are ready to stay over weekend. Have a nice weekend guys! {image}
Those are fantastic results! Great job!
Always a Student, Never a Master - Emulate What Works
  • #1,062
  • Jul 5, 2019 10:10am Jul 5, 2019 10:10am
my first trade h4, the system is good you have to wait
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  • #1,063
  • Jul 5, 2019 10:33am Jul 5, 2019 10:33am
Quoting kette
my first trade h4, the system is good you have to wait {image} {image} {image} {image}
Good job!
Always a Student, Never a Master - Emulate What Works
  • #1,064
  • Jul 5, 2019 10:34am Jul 5, 2019 10:34am
Quoting hikaru259
My trades right now with all of profit locked, trades are ready to stay over weekend. Have a nice weekend guys! {image}
Wow! brilliant results. On holiday this week so unable to trade but I am so looking forward to trying this system next week. thanks for posting your results they are very encouraging.
Just trying to put a kiss on the cheek of success
  • #1,065
  • Jul 5, 2019 11:40am Jul 5, 2019 11:40am
Quoting RobinHood
{quote} I "fly" by the instruments ONLY just like a professional airline pilot. Whatever they tell me to do, I do. I put in my stops and whatever happens happens. It's that simple. The exceptions may be things like I am going on vacation, I get sick, etc. and therefore I can't trade. See, here's the thing... NONE of that stuff that everybody worries about affects my trading. Not S&R areas or lines, not previous highs or lows, not trend lines and NOT the news. NONE of them can predict future direction of the market any better than 50/50, so why use...
Great post RH. Totally agree. I started trading TMS(r) this week and so far, so good. Up 200 pips despite some small losses and several very good moves that I missed due to my busy work schedule.
Without vision, the people will perish.
  • #1,066
  • Jul 5, 2019 11:45am Jul 5, 2019 11:45am
Quoting bythepound
{quote} Great post RH. Totally agree. I started trading TMS(r) this week and so far, so good. Up 200 pips despite some small losses and several very good moves that I missed due to my busy work schedule.
Congratulations!
Always a Student, Never a Master - Emulate What Works
  • #1,067
  • Jul 5, 2019 12:19pm Jul 5, 2019 12:19pm
Quoting RobinHood
{quote} I "fly" by the instruments ONLY just like a professional airline pilot. Whatever they tell me to do, I do. I put in my stops and whatever happens happens. It's that simple. The exceptions may be things like I am going on vacation, I get sick, etc. and therefore I can't trade. See, here's the thing... NONE of that stuff that everybody worries about affects my trading. Not S&R areas or lines, not previous highs or lows, not trend lines and NOT the news. NONE of them can predict future direction of the market any better than 50/50, so why use...
This is interesting point of view. I like it. I am still drawing support/resistance lines and trying to figure out if it is good idea to take trade even if your indicators shows green light. Mostly it ends 50/50.
Basically you are saying that we have to unlearn anything what we have learned so far and just follow the rules. That is going to be impossible thing for some seasoned traders
  • #1,068
  • Jul 5, 2019 12:31pm Jul 5, 2019 12:31pm
Hi All,

Can anyone tell me where my problem lies with this code? I compile the code with no errors, however, when backtesting, the EA will not take any trades despite the EA signal firing and I get error code 130 in the journal.

I went to https://www.forexboat.com/ordersend-error-130/ to try and fix the error code 130 as I initially suspected it had to do with broker 4 digit vs 5 digit discrepancy, unfortunately I was unsuccessful.

I realize this EA type has been created, I am just trying to learn how to code as I have no experience as I am sure it shows

Thanks in advance for the assistance and guidance.

Best Regards,
KingSwing

extern int Magic = 8810;
extern int FastSMA = 5;
extern int SlowSMA = 21;
extern double MaxTrades =1;
extern double StopLoss = 300;
extern double TakeProfit = 400;
extern double Lot_Size = 0.1;
extern double Max_pip_spread = 5;

void OnTick()
{
// We create a string variable for signal
string signal ="";

// We calculate the Fast moving average
double FastMovingAverage1 = iMA(_Symbol, _Period, FastSMA, 0, MODE_SMA, PRICE_CLOSE, 1);

// We calculate the Slow moving average
double SlowMovingAverage1 = iMA(_Symbol, _Period, SlowSMA, 0, MODE_SMA, PRICE_CLOSE, 1);

// We calculate the Fast moving average
double FastMovingAverage2 = iMA(_Symbol, _Period, FastSMA, 0, MODE_SMA, PRICE_CLOSE, 2);

// We calculate the Slow moving average
double SlowMovingAverage2 = iMA(_Symbol, _Period, SlowSMA, 0, MODE_SMA, PRICE_CLOSE, 2);

//If SlowMovingAverage1 > FastMovingAverage1
if (SlowMovingAverage1 > FastMovingAverage1)
{
//If SlowMovingAverage2 < FastMovingAverage2
if (SlowMovingAverage2 < FastMovingAverage2)


// Set the signal variable to sell
signal="Sell";

// Sell Microlot
if (signal=="Sell" && OrdersTotal()==0)
{
int Sellticket=OrderSend(Symbol(),OP_SELL,Lot_Size,Bid,Max_pip_spread,Ask-StopLoss*Point(),Ask+TakeProfit*Point(),NULL,Magic,0,Red);
}

// SlowMovingAverage1 < FastMovingAverage1
if (SlowMovingAverage1 < FastMovingAverage1)

// SlowMovingAverage2 > FastMovingAverage2
if (SlowMovingAverage2 > FastMovingAverage2)


// set the signal variable to buy
signal="Buy";
}

// Buy Microlot
if (signal=="Buy" && OrdersTotal()==0)
{
int Buyticket=OrderSend(Symbol(),OP_BUY,Lot_Size,Ask,Max_pip_spread,Bid-StopLoss*Point(),Bid+TakeProfit*Point(),NULL,Magic,0,Green);
}
// Chart output for the signal
Comment ("The current signal is: ",signal);

}
  • #1,069
  • Jul 5, 2019 12:33pm Jul 5, 2019 12:33pm
Quoting onsen
{quote} This is interesting point of view. I like it. I am still drawing support/resistance lines and trying to figure out if it is good idea to take trade even if your indicators shows green light. Mostly it ends 50/50. Basically you are saying that we have to unlearn anything what we have learned so far and just follow the rules. That is going to be impossible thing for some seasoned traders
I look at it like this...

If 90+% of traders lose and 90+% of traders use that stuff, then maybe that stuff isn't the right stuff to use.
Always a Student, Never a Master - Emulate What Works
  • #1,070
  • Jul 5, 2019 12:36pm Jul 5, 2019 12:36pm
Do you think it could be a good trade?
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  • #1,071
  • Jul 5, 2019 12:57pm Jul 5, 2019 12:57pm
Quoting luatrader
Do you think it could be a good trade? {image}
It "could" be a good trade. Don't overthink it. If you get the signal, take the trade. Some win, some lose. It's really no big deal.
Always a Student, Never a Master - Emulate What Works
  • #1,072
  • Jul 5, 2019 1:00pm Jul 5, 2019 1:00pm
Quoting RobinHood
Personally, I don't like to enter a trade when the previous bar closed in the opposite direction of my trade. I usually wait to enter until after a bar has closed in the direction of my trade. It's a momentum thing. .
Hey RH,
do you mean for example a red bar before a buy signal?
Or also a blue bar but with lower close than the open before a buy signal?
  • #1,073
  • Jul 5, 2019 1:04pm Jul 5, 2019 1:04pm
RH, excellent information, excellent method and excellent communcations. Have a great weekend and thanks again as this is the best on Forex Factory to date. Cliff
  • #1,074
  • Jul 5, 2019 1:04pm Jul 5, 2019 1:04pm
Quoting RobinHood
{quote} It "could" be a good trade. Don't overthink it. If you get the signal, take the trade. Some win, some lose. It's really no big deal.
Ok. Thank you for this great system!
  • #1,075
  • Jul 5, 2019 1:35pm Jul 5, 2019 1:35pm
Quoting jgadefelth
{quote} It seems like a low winrate if we compare the results posted here, where there are hardly no losing trades Do you think this is because of different market conditions lately or people here trade the biggest movers of the pairs or something else ? Do you think you would have similar numbers if it would been on 4h charts ? And last question how did you exit your trades, because RH have presented a variety of options for that ? Thank You. Best regards
Hey, I guess I forgot to mention that I try to be as brutal as possible when backtesting. I'm a firm believer in expect the best but prepare for the worst. In the backtesting period, I mentioned I took EVERY SINGLE VALID SIGNAL, regardless of higher timeframe bias. Despite this the system has come out still profitable with a positive expectancy.

These results give me even more confidence in going into demo/live trading with higher time frame analysis, as this should greatly improve results. In fact, I'm thinking of backtesting higher time frame analysis on a few pairs to get a "before and after" of how the filter impacts results.

A winning trade for my simple backtesting = Any trade that was positive in pips.

Note: for a lot of the losing trades price did hit the 1R target but came back so money management should be implemented according to risk tolerance like RH suggests.

Not looking for perfection here, just want to be perfectly clear about how I'm gonna trade using this system.

Loving the knowledge you all share. Keep Posting!
  • #1,076
  • Jul 5, 2019 1:57pm Jul 5, 2019 1:57pm
Quoting Reitilicios
{quote} Hey RH, do you mean for example a red bar before a buy signal? Or also a blue bar but with lower close than the open before a buy signal?
YES
Always a Student, Never a Master - Emulate What Works
  • #1,077
  • Jul 5, 2019 1:57pm Jul 5, 2019 1:57pm
Quoting cpfleger
RH, excellent information, excellent method and excellent communcations. Have a great weekend and thanks again as this is the best on Forex Factory to date. Cliff
You are very welcome.
Always a Student, Never a Master - Emulate What Works
  • #1,078
  • Jul 5, 2019 2:34pm Jul 5, 2019 2:34pm
Quoting iSintim
{quote} Hey, I guess I forgot to mention that I try to be as brutal as possible when backtesting. I'm a firm believer in expect the best but prepare for the worst. In the backtesting period, I mentioned I took EVERY SINGLE VALID SIGNAL, regardless of higher timeframe bias. Despite this the system has come out still profitable with a positive expectancy. These results give me even more confidence in going into demo/live trading with higher time frame analysis, as this should greatly improve results. In fact, I'm thinking of backtesting higher time...
" Note: for a lot of the losing trades price did hit the 1R target but came back so money management should be implemented according to risk tolerance like RH suggests." Moving stop to BE after 1 r ? how would that affect winners and losers ?


Best regards
  • #1,079
  • Jul 5, 2019 3:06pm Jul 5, 2019 3:06pm
Quoting jgadefelth
{quote} " Note: for a lot of the losing trades price did hit the 1R target but came back so money management should be implemented according to risk tolerance like RH suggests." Moving stop to BE after 1 r ? how would that affect winners and losers ? Best regards
I would like to test before I give a definite answer but i'm thinking of taking off a percentage at 1R. Don't know how much yet. Open to suggestions.
  • #1,080
  • Jul 5, 2019 3:10pm Jul 5, 2019 3:10pm
Quoting iSintim
{quote} I would like to test before I give a definite answer but i'm thinking of taking off a percentage at 1R. Don't know how much yet. Open to suggestions.

why not move to BE do you think it will have a major effect on your winning trades aswell ?

typical take offs is 1/ 2 or 1 / 3

Best regards
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