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Trading Made Simple(r)

  • #2,421
  • Aug 5, 2019 9:04am Aug 5, 2019 9:04am
Hello, can someone help me out? I have a problem with the Stochastic Parameters, this is how it looks on my charts - and I don't understand where the other two grey lines come from. Trading-Rookie here ...
Any advice?

Great thread btw and thanks in advance for any help!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4.png Size: 43 KB
  • #2,422
  • Aug 5, 2019 9:26am Aug 5, 2019 9:26am
Quote
Hello, can someone help me out? I have a problem with the Stochastic Parameters, this is how it looks on my charts - and I don't understand where the other two grey lines come from. Trading-Rookie here ...
Any advice?

Great thread btw and thanks in advance for any help!

Be sure about the "none" color settings ( 2 stochs)
Attached Image (click to enlarge)
Click to Enlarge Name: none.png Size: 11 KB
"Great Men are not born great, They Grow Great."
  • #2,423
  • Aug 5, 2019 10:12am Aug 5, 2019 10:12am
Quoting 40PipsAlan
{quote} They are all indicators and go in the MT4 indicator folder. only the dashboard goes in the MT4 experts folder. The templates go in the MT4 templates folder

Noted. Thank you!
  • #2,424
  • Aug 5, 2019 10:21am Aug 5, 2019 10:21am
Quoting gj7rwt
{quote} And remember to close mt4 down and restart it after putting the indicators in their relevant folders.

Yep, will do. Thanks you!
  • #2,425
  • Aug 5, 2019 10:26am Aug 5, 2019 10:26am
AU stopped out at 2 candle trail for -0.22R

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Click to Enlarge Name: Screenshot1.png Size: 136 KB
Detach yourself from the value of money - Mr. Pip
  • #2,426
  • Aug 5, 2019 10:49am Aug 5, 2019 10:49am
Quoting emmanuel7788
{quote} there is a pdf in Post#1538 Using Multi-Lot Positions .... study that and if you still have question, ask me again.
Thank you sir, I have read it. So the goal of this multi-lot position is to boost win rate by securing 1R profit on 1 part, and 2 part BE as soon as possible. Do you also use the 2 candle trailing stop system with this strategy?
Detach yourself from the value of money - Mr. Pip
  • #2,427
  • Aug 5, 2019 12:01pm Aug 5, 2019 12:01pm
Quoting MyProfit
{quote} Be sure about the "none" color settings ( 2 stochs) {image}
Thanks a lot!
  • #2,428
  • Aug 5, 2019 12:29pm Aug 5, 2019 12:29pm
valid setup if it closes like this tonight ?
Attached Image (click to enlarge)
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  • #2,429
  • Aug 5, 2019 2:03pm Aug 5, 2019 2:03pm
can anybody tell me what the background color on the dashboards' supposed to mean ??

that
- orange
- green/blue
- gray-ish

colors ??
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADM1.png Size: 21 KB
  • #2,430
  • Aug 5, 2019 2:35pm Aug 5, 2019 2:35pm
(You are going to say "DUH!" After you read this.)
Look at AUDCAD D1. All three are red, right? Background is orange. Direction is down on that chart.

Look at EURAUD H4. All three are green, right? Bacground is blue. Direction is up on that chart.

Look at GBPJPY, GBPNZD, and GBPUSD H4. None of those have all three the same color, right? Background is grey. Direction not established on those charts.
To free Gazans of Hamas, use whatever it takes.
  • #2,431
  • Aug 5, 2019 2:40pm Aug 5, 2019 2:40pm
Quote
can anybody tell me what the background color on the dashboards' supposed to mean ??

that
- orange
- green/blue
- gray-ish

colors ??


i think if All (3) indicators are pointing in the same direction will be "bluish' Up, orange.. Down for that timeframe.
Grey no signal
"Great Men are not born great, They Grow Great."
  • #2,432
  • Aug 5, 2019 4:12pm Aug 5, 2019 4:12pm
AU H4 short continuation trade

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Click to Enlarge Name: Screenshot1.png Size: 175 KB
Detach yourself from the value of money - Mr. Pip
  • #2,433
  • Aug 5, 2019 4:35pm Aug 5, 2019 4:35pm
Quoting DrDave
(You are going to say "DUH!" After you read this.) Look at AUDCAD D1. All three are red, right? Background is orange. Direction is down on that chart. Look at EURAUD H4. All three are green, right? Bacground is blue. Direction is up on that chart. Look at GBPJPY, GBPNZD, and GBPUSD H4. None of those have all three the same color, right? Background is grey. Direction not established on those charts.
DUH!
  • #2,434
  • Aug 5, 2019 6:19pm Aug 5, 2019 6:19pm
Quoting mtacki
{quote} DUH!
Was wondering why you too so long mtacki

This is a GREAT System. Read the first post a few times over.

Spend the time to read the entire thread if you can; you will learn lots.

Trade well.
  • #2,435
  • Aug 5, 2019 6:43pm Aug 5, 2019 6:43pm
Quoting Supreme1394
{quote} Thank you sir, I have read it. So the goal of this multi-lot position is to boost win rate by securing 1R profit on 1 part, and 2 part BE as soon as possible. Do you also use the 2 candle trailing stop system with this strategy?


Hi,

I know you are being very polite but please do not address me as 'sir'.

Back in 2011-2013 period, many TMS traders were struggling with low win rates around 40%+/- when they tried trading like the way the OP did with aggressive single entry / single exit without understanding why the OP would exit his trades when price pull-back 15 to 20 pips.
A few of us got together and worked on developing TMS-II which one of its goal was to improve the overall win rate and to help build confidence in the trading methodology leading to a winning system.

There are differences between these:

1) 2 bars/candles look back

2) trailing by previous 1 or 2 bars/candles high/low.

3) 2 candle trailing stop ???

Your AUDUSD trade posted is not clear which you followed.

Attached Image (click to enlarge)
Click to Enlarge Name: Supreme1394 AU H4 trade Aug 05.png Size: 262 KB


1) when you use 2 bars/candle look back at your trade entry, it should be clear where your initial SL should be the high of the previous 2 bars.

2) when you use the Trail by Prev bar/candles whether it is 1 bar or 2 bars, you must look for when the next price bar moved lower than the previous bar then only you will move your SL to the previous bar high in your trade. In your case, both bars after your entry did not move with lower low. You got stopped out by the pullback before that next candle closed.

3) if you simply move you SL and trail the previous bar/candle high when the price had not move with lower low, you will get stopped out very often like in your case.

THV CaveManager would have managed your trade according to 2) correctly.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,436
  • Aug 5, 2019 6:54pm Aug 5, 2019 6:54pm
Quoting Pips4Helena
Hello, can someone help me out? I have a problem with the Stochastic Parameters, this is how it looks on my charts - and I don't understand where the other two grey lines come from. Trading-Rookie here ... Any advice? Great thread btw and thanks in advance for any help! {image}
Learn the Stochastics and the RSI ... technical studies

If you are new to trading with the Stochastics and the RSI, you should at least learn what these two oscillators are and what they do on your charts.

http://forex-indicators.net/stochastic

http://forex-indicators.net/rsi

each of their lines on your charts represents something and know what you remove when you make it simple.

Have Fun with technical studies.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,437
  • Aug 5, 2019 7:04pm Aug 5, 2019 7:04pm
Week 32 Aug 06

A new day and a few D1 trade setup opportunity when Sydney open.

Euro pairs dominates the market now with some JPY and SGD pairs following closely.

...

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,438
  • Aug 6, 2019 2:17am Aug 6, 2019 2:17am
Hi everyone,

First post, I've just read the thread, And now having a go a loading the indicators onto my meta4 platform.
I'm having issues with getting it all set up?

Anyone else have problems.

I RMC on the open page and click template, Using #1 (From the first page of this thread). However it does not appear to be the same as everyone else has/use.

Hope all is well,
  • #2,439
  • Aug 6, 2019 3:20am Aug 6, 2019 3:20am
Just had a quick scan of the first 8 pairs I watch. Looks like all of them are in correction mode and are nearly showing the green light to take trades in the opposite direction to yesterday. I would be hesitant to take those trades as the China/US trade war will more than likely continue to dominate markets for a while. I would be more comfortable looking for continuation trades after these pullbacks have been made. I know some pairs have had huge moves in one direction but this trade war is also huge and will have a major impact on the major economies around the world in the near future.
  • #2,440
  • Aug 6, 2019 3:25am Aug 6, 2019 3:25am
Quoting Bb298
Hi everyone, First post, I've just read the thread, And now having a go a loading the indicators onto my meta4 platform. I'm having issues with getting it all set up? Anyone else have problems. I RMC on the open page and click template, Using #1 (From the first page of this thread). However it does not appear to be the same as everyone else has/use. Hope all is well,
Post a chart and we will see
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