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Trading Made Simple(r)

  • #2,141
  • Jul 29, 2019 7:17am Jul 29, 2019 7:17am
Quoting Meerrettich
{quote} Don't try to open it, just place it in the indicator folder of your mt4 terminal and then apply it to your chart.
I was not trying to open it. That was what popped up instead of the download menu, i have done it severally, and this happens only on indicators posted by emmanuel7788
  • #2,142
  • Jul 29, 2019 7:31am Jul 29, 2019 7:31am
Three quick questions. I hope they're not embarrassingly amateurish.

1) Is the 1 hour chart suitable for this method and intraday trading? Or should that be done on the 15m only as mentioned in the OP?

2) Is there a script/EA that will open and manage positions for you? Automatically adding stop loss/take profit, and possibly adding a trailing stop? I am not talking about something that will auto trade, just something that will make it easier to open positions, and then manage them from there?

3) Finally. Is there a scanner script that can scan multiple charts and pop up alerts when the trading conditions are met?

Many thanks

David
  • #2,143
  • Jul 29, 2019 7:56am Jul 29, 2019 7:56am
I am liking this strategy very much
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  • #2,144
  • Jul 29, 2019 8:01am Jul 29, 2019 8:01am
Quoting itsDavid
Three quick questions. I hope they're not embarrassingly amateurish. 1) Is the 1 hour chart suitable for this method and intraday trading? Or should that be done on the 15m only as mentioned in the OP? 2) Is there a script/EA that will open and manage positions for you? Automatically adding stop loss/take profit, and possibly adding a trailing stop? I am not talking about something that will auto trade, just something that will make it easier to open positions, and then manage them from there? 3) Finally. Is there a scanner script that can scan...
1. You can use it to trade on any time frame YOU want, but the best results will come from using it on the higher time frames, 4 hrs. and above.

2. I don't use them so I can't help you with this.

3. I don't use them so I can't help you with this.
Always a Student, Never a Master - Emulate What Works
  • #2,145
  • Jul 29, 2019 8:01am Jul 29, 2019 8:01am
Quoting 40PipsAlan
I am liking this strategy very much {image} {image}
Good job!
Always a Student, Never a Master - Emulate What Works
  • #2,146
  • Jul 29, 2019 8:04am Jul 29, 2019 8:04am
Quoting RobinHood
{quote} Good job!
GB/AUD closed out at 2R. Happy days
  • #2,147
  • Jul 29, 2019 8:13am Jul 29, 2019 8:13am
UJ H4 crossover signal detected, waiting for M5 to allign for long

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Detach yourself from the value of money - Mr. Pip
  • #2,148
  • Jul 29, 2019 8:19am Jul 29, 2019 8:19am
Quoting Supreme1394
UJ H4 crossover signal detected, waiting for M5 to allign for long {image}
theres a lot of small candles there and a line of resistance by the looks. I will wait till it gets above those ones.
  • #2,149
  • Jul 29, 2019 8:22am Jul 29, 2019 8:22am
Quoting 40PipsAlan
{quote} theres a lot of small candles there and a line of resistance by the looks. I will wait till it gets above those ones.
Thanks for your feedback. Momentum still looks good for now, and I don't think we should be concerned by resistance or small candles, but just by what the indicators tell us to do.
Detach yourself from the value of money - Mr. Pip
  • #2,150
  • Jul 29, 2019 8:30am Jul 29, 2019 8:30am
Can't be more awesome.
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Can't be more awesome.
  • #2,151
  • Jul 29, 2019 8:39am Jul 29, 2019 8:39am
Quoting 40PipsAlan
I am liking this strategy very much {image} {image}
Damn! I missed that setup, because it didn't quite fit the criteria. The Stochs reached below the centre line on the last candle, and that was already the 5th HA bar turned red. Butt man that momentum on the current H4 bar is awesome Good for you.
  • #2,152
  • Jul 29, 2019 8:42am Jul 29, 2019 8:42am
Here is a trade I took at the end of last week, a continuation cross. Going ok for now, TP1 already hit, still 2 units in play. We're at previous R/S flip, there might be some turbulence, but worst case the rest will hit BE.

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  • #2,153
  • Jul 29, 2019 8:59am Jul 29, 2019 8:59am
Quoting Supreme1394
{quote} Thanks for your feedback. Momentum still looks good for now, and I don't think we should be concerned by resistance or small candles, but just by what the indicators tell us to do.
You are EXACTLY right.

Traders MUST learn to only "Fly By the Instruments" just as a professional pilot does, or in our case, the 7 trading indicators.

Traders MUST accept the fact that Support and Resistance FAILS just as often as it works. Using it becomes a "coin toss" which offers no advantage to us.

What works best for most traders (in my opinion) is to find very reliable and repeatable entry methods that are correct more often than not, to place an initial stop at a reasonable distance behind price, and to trail your stop a reasonable distance behind the price OR if you are so inclined, to exit when price hits 2 -3 - 4 times your risk.
Always a Student, Never a Master - Emulate What Works
  • #2,154
  • Jul 29, 2019 8:59am Jul 29, 2019 8:59am
Quoting 40PipsAlan
{quote} Looks like a retrace to me, everything point for the down. Maybe a short coming up
I combine the method between the original Big E method and RobinHood method, I still using TDI for entrance... And use 2 EMA (EMA 21, close) and (EMA 56, close) to see the trend.

IF EMA5 shift 2 under EMA21 and EMA21 under EMA56, then I only looking for sell, except if I think there would be trend reversal or any chart pattern I think would makes big reversal. AND when EMA5 shift 2 at the above of EMA21 and EMA21 at above EMA56, then I only look for long position. But the entry is by looking TDI.

Here is the update of the trading until this time
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  • #2,155
  • Jul 29, 2019 9:04am Jul 29, 2019 9:04am
I am really surprised by today trading progress with this method....
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  • #2,156
  • Jul 29, 2019 9:26am Jul 29, 2019 9:26am
Update : Entered long UJ , M5 alligned with H4

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Detach yourself from the value of money - Mr. Pip
  • #2,157
  • Jul 29, 2019 9:32am Jul 29, 2019 9:32am
Quoting itsDavid
Three quick questions. I hope they're not embarrassingly amateurish. 1) Is the 1 hour chart suitable for this method and intraday trading? Or should that be done on the 15m only as mentioned in the OP? 2) Is there a script/EA that will open and manage positions for you? Automatically adding stop loss/take profit, and possibly adding a trailing stop? I am not talking about something that will auto trade, just something that will make it easier to open positions, and then manage them from there? 3) Finally. Is there a scanner script that can scan...
Ps. follow the rules that is in the first page. It is 100% manual trading system. This system cannot be traded successfully below 4H TF. But for scalping there are lots of other system.
  • #2,158
  • Jul 29, 2019 10:33am Jul 29, 2019 10:33am
Quoting salimc
{quote} Ps. follow the rules that is in the first page. It is 100% manual trading system. This system cannot be traded successfully below 4H TF. But for scalping there are lots of other system.
Have you backtested below 4h TF?
Success means going from failure to failure without loss of enthusiasm
  • #2,159
  • Jul 29, 2019 10:48am Jul 29, 2019 10:48am
Quoting Supreme1394
UJ H4 crossover signal detected, waiting for M5 to allign for long {image}
I am long the UJ from 108.67 and I moved my stop to slightly above break-even at 108.675 because I am going to be gone for the next 8-10 hours and can't monitor the trade.
Always a Student, Never a Master - Emulate What Works
  • #2,160
  • Jul 29, 2019 10:52am Jul 29, 2019 10:52am
Quoting 40PipsAlan
{quote} theres a lot of small candles there and a line of resistance by the looks. I will wait till it gets above those ones.
As you can see, neither of those things mattered. Just follow the what the indicators are telling you.
Always a Student, Never a Master - Emulate What Works
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