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Trading Made Simple 133,449 replies

Trading Made Simple the right way, and other trading lessons 320 replies

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Attachments: Trading Made Simple(r)
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Trading Made Simple(r)

Quoting Luttlebird
{quote} Yes, the Green and Red indicator
https://www.forexfactory.com/showthr...3#post12357593
Success means going from failure to failure without loss of enthusiasm
Quoting daeddie
{quote} hey alan is it better to trade between the ADR high and low lines?
I am using the ADR for my trailing stop amount until I can come up with a better solution.
Trailstop amount = ADR/3 currently being tested with a breakeven EA (FPA trailing stop) using ADR/4 as the move to breakeven amount.
My problem is when to exit a trade so I use a trail stop to take that decision away or until my trade reaches 2R, just leaves me when to take a trade which this strategy is doing fine.
I am sure the live traders will have their own opinion on this
Quoting 40PipsAlan
{quote} I am using the ADR for my trailing stop amount until I can come up with a better solution. Trailstop amount = ADR/3 currently being tested with a breakeven EA (FPA trailing stop) using ADR/4 as the move to breakeven amount. My problem is when to exit a trade so I use a trail stop to take that decision away or until my trade reaches 2R, just leaves me when to take a trade which this strategy is doing fine. I am sure the live traders will have their own opinion on this
Could be too tight. Changing the trail stop to ADR/2 and breakeven to ADR/3
Quoting Khamislbitta
can you guys please show me where is my mistake? {image} {image} {image}
Dear your all trades excellent only triggered at wrong Time, timing is very important for all matters in life.
try to catch pips first 4h candle start in London and NY session.
after this most of traders feel relex and market in zigzag and then next day comes cycle repeat same way and every day.
Quoting badeel
{quote} Dear your all trades excellent only triggered at wrong Time, timing is very important for all matters in life. try to catch pips first 4h candle start in London and NY session. after this most of traders feel relex and market in zigzag and then next day comes cycle repeat same way and every day.
thanks for your reply!
will try my best to open trades with London & NY session!
Quoting badeel
{quote} Dear your all trades excellent only triggered at wrong Time, timing is very important for all matters in life. try to catch pips first 4h candle start in London and NY session. after this most of traders feel relex and market in zigzag and then next day comes cycle repeat same way and every day.
true, timing is everything if you live in a utopian world. fact of the matter is, we do not. RH trades his indicators, not the start or end of a session. There may be preferred times to trade but a signal is a signal. The constant theme next to entry and exit is money management. Protect yourself because losses are inevitable- someone correct if I'm wrong but thats just my interpretation.
Quoting NewbTrader7
{quote} true, timing is everything if you live in a utopian world. fact of the matter is, we do not. RH trades his indicators, not the start or end of a session. There may be preferred times to trade but a signal is a signal. The constant theme next to entry and exit is money management. Protect yourself because losses are inevitable- someone correct if I'm wrong but thats just my interpretation.
This is absolutely true and one thing that take years to install in our minds. We, as human beings, are not designed to work with probabilities, we constantly look for patterns. Therefore as soon as you realize this is about managing risk and expectancy the better you'll be, strings of winners and losers WILL happen, and in a very random way, so manage your risk and welcome to trading, its not the strategic holy grail that will make you succeed, its your mindset.
thinking outside the box
Greetings to all and thanks to Robin Hood for simplifying the TMS method I follow the discussion but I've never heard of it because I don't speak English and even now I translate with google translator ... and who knows what I wrote place this image because I would like a clarification: the candle with the yellow arrow at the end of which they entered is the right one or did they enter early? HMA still green and 8.3.3 out of 50 Thank you
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Quoting RobinHood
{quote} 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...
If you say the indicators work more often than not can you show this by some backtest?

I did so last week backtesting several markets on H4 and actually it wasn’t any better than 50/50.

Its only better if you cut out all not preferable market conditions and some other aspects the indicators are not able to filter out.

Same you can do with support and resistance (and it becomes better than 50/50).

Don’t get me wrong I just wonder what’s makes you think 1,2,3 or even 7 indicators using will give any edge here in meaning of it will work out more often than not.
Quoting rikko
Greetings to all and thanks to Robin Hood for simplifying the TMS method I follow the discussion but I've never heard of it because I don't speak English and even now I translate with google translator ... and who knows what I wrote place this image because I would like a clarification: the candle with the yellow arrow at the end of which they entered is the right one or did they enter early? HMA still green and 8.3.3 out of 50 Thank you {image}
That candle is the signal candle for a trend continuation down. The traders entered at that H4 candle close
The attached EURUSD H1 has in the bottom window a white RSI(13) and a "smoothed" version in blue. Is this smoothed version of interest to anyone?

Also, the thick green and red vertical lines demarcate the RSI crossing 50 on the H4. Note that thin green vertical is the first continuation--the safest buy to take. After that buy is closed (for what ever reason), when the next pullback is finished, it is highly likely to be H4 turning down, and the fact that the rally only made about an equal high with the previous swing high supports this. However, what ACTUALLY happened? Price did not pullback very far and rallied again. You COULD buy that 2nd rally, but be aware that it is higher risk of failing early, so you will want to look for earliest signs of closing the trade.
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The markets are speaking to you. Do you know their language? I M T
Quoting lddd
{quote} If you say the indicators work more often than not can you show this by some backtest? I did so last week backtesting several markets on H4 and actually it wasn’t any better than 50/50. Its only better if you cut out all not preferable market conditions and some other aspects the indicators are not able to filter out. Same you can do with support and resistance (and it becomes better than 50/50). Don’t get me wrong I just wonder what’s makes you think 1,2,3 or even 7 indicators using will give any edge here in meaning of it will work out...
I have no desire to try to prove anything more to you regarding these methods.

Based on the fact that you keep saying that these methods are no better than 50/50, and the fact that you have not been able to make these methods work for you (and you've already proven it to yourself). You should go try to find another method/system that will work for you.

Good luck with your search.
Always a Student, Never a Master - Emulate What Works
Quoting RobinHood
{quote} I have no desire to try to prove anything more to you regarding these methods. Based on the fact that you keep saying that these methods are no better than 50/50, and the fact that you have not been able to make these methods work for you (and you've already proven it to yourself). You should go try to find another method/system that will work for you. Good luck with your search.
It has nothing to do with what is working for me or not.

I just gave you my personal opinion based on your written words.

Also you never proved anything to me so there is no „more“. You also don’t need to prove it the future.

All I was trying to say. IF you make claims like all the indicators rules for your methods entry signals will give a better chance than 50% win rate (without making any further Analyse and just trusting the indicators and hit the sell/buy button) you could have easily backed such claim with providing a detailed backtest over 1-2 years attaching it to the introduction post.

So every follower of this topic like me could easily see at a glance if it’s any better than flipping a coin or not.

Nothing less nothing more.

If you only looking for positive feedback and people throwing flowers at you, well than I am sorry that I am not such naive person.
Honestly Im pretty happy with a 50% win rate can make a shitload of money if I aim at 2:1
thinking outside the box
Quoting Mercennary
Honestly Im pretty happy with a 50% win rate can make a shitload of money if I aim at 2:1
I am also happy with just 40% win rate with Positive Expectancy above 2.0.

Some people just don't get it. They keep asking and looking for assurance that this method work. Trading the markets requires both hardwork and diligent work of the person who wants to be succeed in making money CONSISTENTLY. Simply, only YOU can make it WORK.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting lddd
{quote} It has nothing to do with what is working for me or not. I just gave you my personal opinion based on your written words. Also you never proved anything to me so there is no „more“. You also don’t need to prove it the future. All I was trying to say. IF you make claims like all the indicators rules for your methods entry signals will give a better chance than 50% win rate (without making any further Analyse and just trusting the indicators and hit the sell/buy button) you could have easily backed such claim with providing a detailed backtest...
You're not understanding the fundamentals. A low win-rate with excellent money management can return more than a strategy with a high win-rate and crappy money management. Numbers are subjective and relative only to the person its important to. I think some folks have also failed to read RH's posts. This isn't a system and its not laid out to be one. These are tools that are expressed in a language that makes sense to the original trader (RH) and we are here just trying to interpret his views in hopes of incorporating into our own. The only claim RH, Emmanuel and the like make is that if you put enough effort into reading between the lines, perhaps one day you too could see the market the way they do. Until then, quit cherry picking statements and trying to divert the conversation from the meat/heart of the matter- SHARING KNOWLEDGE.

Scared money doesn't make money. Backtesting doesn't account for all of the other factors they bring to the table (the IT factor), because each of these traders bring an element to their mechanical strategies that no backtest will ever account for. Michael Jordan can walk you through his strategies growing up as an athlete and you could practice all your life and still be a joke of a ball player. You either have some magic or you don't, coming into threads to disprove something is futile and a waste of time.

Just my .02 cents. Mostly because I've re-read the thread several times and its been laid out CLEARLY to a point that I find this a waste of time. I was really hoping to read someone's else's idea and somehow got looped to this crap. Moving on.

Cheers,
Quoting emmanuel7788
{quote} I am also happy with just 40% win rate with Positive Expectancy above 2.0. Some people just don't get it. They keep asking and looking for assurance that this method work. Trading the markets requires both hardwork and diligent work of the person who wants to be succeed in making money CONSISTENTLY. Simply, only YOU can make it WORK. {image}
Well Said.
Always a Student, Never a Master - Emulate What Works
Quoting NewbTrader7
{quote} You're not understanding the fundamentals. A low win-rate with excellent money management can return more than a strategy with a high win-rate and crappy money management. Numbers are subjective and relative only to the person its important to. I think some folks have also failed to read RH's posts. This isn't a system and its not laid out to be one. These are tools that are expressed in a language that makes sense to the original trader (RH) and we are here just trying to interpret his views in hopes of incorporating into our own. The only...
AGREED.
Always a Student, Never a Master - Emulate What Works
Thanks everybody. I Making wonderful progress
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Quoting chrisoko
Thanks everybody. I Making wonderful progress {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Nice one, I like.
Kinda suggests the system works.
I is happy with this system as well
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