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Trading Made Simple(r)

  • #1,181
  • Jul 9, 2019 7:00am Jul 9, 2019 7:00am
Quoting carmelina
Hi emmanuel 7788, how do you scan the pairs? Is there a quick way of doing it? Thanks in advance, Carmen.
Have you installed the indices, and read the first page dude?
A good trade comes with a good assessment
  • #1,182
  • Jul 9, 2019 7:22am Jul 9, 2019 7:22am
Quoting martbac
{quote} Thank you that worked great. Regards, Mart.
Good. How did you manage the stochastic indicator for mt5?
  • #1,183
  • Jul 9, 2019 7:32am Jul 9, 2019 7:32am
Quoting salimc
{quote} Good. How did you manage the stochastic indicator for mt5?
I got one called stochastic extended which seem to give me similar results, what are you using?
  • #1,184
  • Jul 9, 2019 8:19am Jul 9, 2019 8:19am
Quoting martbac
{quote} I got one called stochastic extended which seem to give me similar results, what are you using?
Still I am using mt4 because I couldn't manage this version of stochastic for mt5. Can you share your stochastic with your template? Thanks.
  • #1,185
  • Jul 9, 2019 8:24am Jul 9, 2019 8:24am
Quoting Rob_Trader
{quote} I'm not sure yet. The goal is to ride the trend as long as possible. In backtesting I found out that it can make sense to stay in until 4 criteria are met together: 1) HMA color-change AND 2) Candle color-change AND 3) crossing the MA AND 4) at least 1 indicator crossing the 50-line However, in the future it may still be possible for me to stay in when the overall time unit is clearly in the direction of the trend. But I still experiment and backtesting in this regard.
There are many exit methods to test out . Thanks for info.
  • #1,186
  • Jul 9, 2019 8:49am Jul 9, 2019 8:49am
Quoting temporal
{quote} Don't know if this helps but I use NewsCal-v-108a and had to change the Forexfactory URL some time back to get it to keep working. https://cdn-nfs.faireconomy.media/ff...r_thisweek.xml
Thanks, I'll try that when I get back in front of my mt4 terminal

Cheers
Andy
  • #1,187
  • Jul 9, 2019 10:40am Jul 9, 2019 10:40am
Quoting salimc
{quote} Still I am using mt4 because I couldn't manage this version of stochastic for mt5. Can you share your stochastic with your template? Thanks.
Hope this works.
Attached File(s)
File Type: ex5 Stochastic extended.ex5   26 KB | 409 downloads
Attached File(s)
File Type: tpl mainsyst1.tpl   50 KB | 320 downloads
  • #1,188
  • Jul 9, 2019 11:32am Jul 9, 2019 11:32am
Quoting martbac
{quote} Hope this works. {file}{file}
Thanks. Did u have the HMA for mt5?
  • #1,189
  • Jul 9, 2019 12:07pm Jul 9, 2019 12:07pm
Quoting salimc
{quote} Thanks. Did u have the HMA for mt5?
Attached File(s)
File Type: mq5 Hull average 2.mq5   13 KB | 365 downloads


Regards,

Mart
  • #1,190
  • Jul 9, 2019 12:19pm Jul 9, 2019 12:19pm
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.
Please, I need the indicator for TMS
Begin with the end in mind
  • #1,191
  • Jul 9, 2019 12:55pm Jul 9, 2019 12:55pm
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
Please why does "R" mean?
Begin with the end in mind
  • #1,192
  • Jul 9, 2019 12:58pm Jul 9, 2019 12:58pm
Quoting Luttlebird
{quote} Please why does "R" mean?
1R is the risk for example if you risk 1 percent then 1R Is 1 percent 2 R is 2 percent and so on.

Best regards
  • #1,193
  • Jul 9, 2019 2:06pm Jul 9, 2019 2:06pm
Thank you RH for this wonderful stress-free method. I am currently just testing the waters. Please see attached running trade on GBPUSD and let me know if my chart set-up and entry is okay
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 39 KB
  • #1,194
  • Jul 9, 2019 3:01pm Jul 9, 2019 3:01pm
Quoting Milanista
Thank you RH for this wonderful stress-free method. I am currently just testing the waters. Please see attached running trade on GBPUSD and let me know if my chart set-up and entry is okay {image}
You're welcome. Yes, all looks good at the moment. But I also think that it's very likely that it's going to be bottoming out within the next few 4 hr. bars. SO, when you see 2-3 indicators change color and/or cross above the Purple 50 Line, I would strongly consider bailing out of the short.
Always a Student, Never a Master - Emulate What Works
  • #1,195
  • Jul 9, 2019 4:20pm Jul 9, 2019 4:20pm
Congratulations on your work...It's very good. I trade mainly the ES and futures, is there any reason why this system would not work for futures? Also, I think all can be set up on Ninjatrader 7 also? Kind regards
  • #1,196
  • Jul 9, 2019 4:55pm Jul 9, 2019 4:55pm
Quoting RobinHood
{quote} You're welcome. Yes, all looks good at the moment. But I also think that it's very likely that it's going to be bottoming out within the next few 4 hr. bars. SO, when you see 2-3 indicators change color and/or cross above the Purple 50 Line, I would strongly consider bailing out of the short.
Okay. Will surely keep an eye on it. Just so we could all learn, how are you able to conclude that the pair is close to bottoming out even before the indicators show so?
  • #1,197
  • Jul 9, 2019 5:10pm Jul 9, 2019 5:10pm
Quoting Milanista
{quote} Okay. Will surely keep an eye on it. Just so we could all learn, how are you able to conclude that the pair is close to bottoming out even before the indicators show so?
It's getting near previous support.
Always a Student, Never a Master - Emulate What Works
  • #1,198
  • Jul 9, 2019 5:40pm Jul 9, 2019 5:40pm
Hi RH,

I've been trading TMS for quite some time now with decent success. More positives than negatives for sure. However, since introduced to this I feel like the stress aspect of trading has been minimized. It just makes clearer sense when using the tools and ideas you've provided. There is no doubt in my mind as to whether or not I should pull the trigger. This was the first trade, I entered on the fourth candle because the close of the third had the RSI trailing underneath the 50 level. When it crossed I jumped in at 1.61108 and set take profit to 1.61900. In my opinion, all other conditions were met for a buy. Please ignore stop-loss, It was just put in arbitrarily. I hope to share more. Salud.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2019-07-09 at 5.15.13 PM.png Size: 2.2 MB
  • #1,199
  • Jul 9, 2019 6:39pm Jul 9, 2019 6:39pm
Quoting NewbTrader7
Hi RH, I've been trading TMS for quite some time now with decent success. More positives than negatives for sure. However, since introduced to this I feel like the stress aspect of trading has been minimized. It just makes clearer sense when using the tools and ideas you've provided. There is no doubt in my mind as to whether or not I should pull the trigger. This was the first trade, I entered on the fourth candle because the close of the third had the RSI trailing underneath the 50 level. When it crossed I jumped in at 1.61108 and set take profit...
Thank you, and good luck!!
Always a Student, Never a Master - Emulate What Works
  • #1,200
  • Jul 9, 2019 8:59pm Jul 9, 2019 8:59pm
I made an EA based on rules post#1.
It's not perfect yet, I need advice to make it better.
Please share your thoughts to make it alot of pips.
Attached File(s)
File Type: ex4 TMS(r).ex4   248 KB | 409 downloads
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