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Trading Made Simple 151,872 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple(r)

  • #2,841
  • Aug 13, 2019 2:05am Aug 13, 2019 2:05am
[quote=emmanuel7788;12437459]
Quoting emmanuel7788
{quote} Here is a trade taken just after I posted the input parameters above. {image} stay tuned for update,
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD H1 Aug 13 CM Cap Protect 13-08-2019 10-22-47.png Size: 67 KB


Here, I promised an update ... and London just opened. Note FO pulled back.

Note the Capital Protection has been activated by CM hours ago. Guess when?

Note the initial SL remains where it was when trade entry was made.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD AUg 13 H1 trade update LO 1500 13-08-2019 14-59-37.png Size: 60 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,842
  • Aug 13, 2019 2:07am Aug 13, 2019 2:07am
Quoting Marcusv007
{quote} Hi Mortal, please may you share with me the Adr indicator you have in your charts, this will save me some time with a simple glance Thankyou in advance.
hi, you can download an improved version of ADR indicator from here.
  • #2,843
  • Aug 13, 2019 2:11am Aug 13, 2019 2:11am
[quote=emmanuel7788;12437783]
Quoting emmanuel7788
{quote} {image} Here, I promised an update ... and London just opened. Note FO pulled back. Note the Capital Protection has been activated by CM hours ago. Guess when? Note the initial SL remains where it was when trade entry was made. {image}
Nice Trade example Emm
Remember not to change chart TF else it will mess it all up.
  • #2,844
  • Aug 13, 2019 2:22am Aug 13, 2019 2:22am
[quote=40PipsAlan;12437795]
Quoting emmanuel7788
{quote} Nice Trade example Emm Remember not to change chart TF else it will mess it all up.


yes, that's a good reminder.

happened often many times in the past because of itchy fingers....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,845
  • Aug 13, 2019 3:18am Aug 13, 2019 3:18am
[quote=emmanuel7788;12437783]
Quoting emmanuel7788
{quote} {image} Here, I promised an update ... and London just opened. Note FO pulled back. Note the Capital Protection has been activated by CM hours ago. Guess when? Note the initial SL remains where it was when trade entry was made. {image}
EURAUD Aug 13 H1 trade closed update.

see comments on chart below.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Aug 13 H1 trade closed by CM LO hr 13-08-2019 15-23-38.png Size: 77 KB


for the complete CM setting please read the above post.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,846
  • Aug 13, 2019 3:27am Aug 13, 2019 3:27am
Quoting vortexz
{quote} trade 10k$ with how many lots per trade ?

in the original TMS thread, the OP eelfranz traded 2 to 4 standard lots in one single entry type of trade.

I can trade the same $10k by breaking down the maximum 4 standard lots into many smaller multiple positions mini-lots.

what is important is not to trade with aggressive entry style they way he trade. I trade conservative entry using the 5EMA similar to RH here. The use of HMA with the 5EMA in this thread is conservative and safe. The stragey here is to focus in the reward-risk and win-loss using multiple of Rs and limiting all losses to 1R maximum.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,847
  • Aug 13, 2019 3:31am Aug 13, 2019 3:31am
EURUSD Aug 13 H4 trade using CaveManager trade manager.

Note the Capital Protection is set to 15pips
Candlestick Trailing set to activate at 25pips.
this will move the Stop Loss to trail behind the previous candle high+3 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Aug 13 H4 LS 1609 13-08-2019 16-09-00.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,848
  • Edited 4:05am Aug 13, 2019 3:48am | Edited 4:05am
Quoting moRTaL
{quote} hi, imho, 400k/50k = 8x.. 8^(1/36)=1.0594 -> this means on average can we reach +6% per month...? it is very conservative, should be able to reach it.. if not, the system is not even worth to trade.. then depends on how comfortable you are with your risk for 1R, your risk reward system, winning rate, your expectancy.. imho, in my case, let say i'm comfortable with losing 2% max per trade from my balance =1R (while shaving off as time pass passes), my reward is fixed at 4%=2R, even my winning rate is below 50%, if the system works, i should...

your calculation is about correct except that 2% of 10k part.

how often we learn from forex school/teachers/coaches/gurus uses $10k trading capital in their teaching... and make examples using risk 1% to 3% of $10k...etc. bla bla bla.

can you use say $500 account and do the same?
how to do risk management with position sizing with $500?
with most brokers giving 1:50 leverage these days, how much margin do you need to trade 1 standard lot?

bottom line is what is your financial objective in trading retail spot forex when we all know that a big percentage of traders lose money.

what is your edge in trading retail spot forex?

what do you leverage leverage on in your trading strategy? here I am not talking about your broker offered leverage.

Can you grow a small account into a very large account? how small is small? how very large can an account grow with?
<quote> A $10k / currency type account is fantasy island stuff for most people here at FF,...<unquote> True or False?
Can someone grow a $5k account to 1$million is say 3 to 5 years? If not, the how many years?
Too many fanstasy trading system threads with such get rich mentality.

I read a lot of cheap talk in many trading forums threads.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,849
  • Aug 13, 2019 4:04am Aug 13, 2019 4:04am
what do you think ...
Attached Image (click to enlarge)
Click to Enlarge Name: capture.jpg Size: 291 KB
  • #2,850
  • Aug 13, 2019 4:07am Aug 13, 2019 4:07am
Quoting emmanuel7788
{quote} your calculation is about correct except that 2% of 10k part. how often we learn from forex school/teachers/coaches/gurus uses $10k trading capital in their teaching... and make examples using risk 1% to 3% of $10k...etc. bla bla bla. can you use say $500 account and do the same? how to do risk management with position sizing with $500? with most brokers giving 1:50 leverage these days, how much margin do you need to trade 1 standard lot? bottom line is what is your financial objective in trading retail spot forex when we all know that a...
The only thing that is growing this week is weeds in the garden
  • #2,851
  • Aug 13, 2019 4:12am Aug 13, 2019 4:12am
Quoting 40PipsAlan
{quote} The only thing that is growing this week is weeds in the garden
you are correct!
weeds = pips
garden = my account
To free Gazans of Hamas, use whatever it takes.
  • #2,852
  • Aug 13, 2019 4:15am Aug 13, 2019 4:15am
Quoting 40PipsAlan
{quote} The only thing that is growing this week is weeds in the garden
that is seasonal where you live...

the market also has its 'seasons'.

this is reason why we must not expect one system to be able to trade all market 'seasons'.

I learn to developed 3 systems to trade 3 different market types.

I face the fact that trading retail spot forex is very risk and there is a lot of speculation (some say gambling) involved. Hence I gamble too and look for market conditions when and where I can place large bets and try make some Lotto model wins once a while.

Do you all know what Lotto model and Insurance model are in Money Risk Management techniques in forex trading?

Watch this youtube video and get some ideas.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,853
  • Aug 13, 2019 4:19am Aug 13, 2019 4:19am
Quoting emmanuel7788
{quote} your calculation is about correct except that 2% of 10k part. how often we learn from forex school/teachers/coaches/gurus uses $10k trading capital in their teaching... and make examples using risk 1% to 3% of $10k...etc. bla bla bla. can you use say $500 account and so the same? how to do risk management with position sizing with $500? with most brokers giving 1:50 leverage these days, how much margin do you need to trade 1 standard lot? bottom line is what is your financial objective in trading retail spot forex when we all know that a...
I'm sorry Emmanuel, but as I said, everything is relative. Apparently you often make 20% over a trading month, according to you much more some months, so you are the only one that can do that? Someone taking a $100 account and making 20% a month on average will take that $100 to $1,000,000 in 52 months approx. There is no arguing with the maths, the problem lies with the individual trader and their discipline and determination and finding a system that suits them.
Success means going from failure to failure without loss of enthusiasm
  • #2,854
  • Aug 13, 2019 4:29am Aug 13, 2019 4:29am
Quoting SwingMan
After a few tries I was able to download the "HMA Trend Professional". The signals can be compared well with my Double HMA. The advantage of my indicator is that with the ADX filter one can better identify the sideways trends... {image} {file}
Great indi which promises green pips,this one too!

Thank you so much,siir SwingMAn !!

Would you mind sharing mql5 version,if and when you have time ?

Best regards.

Mrs.W
  • #2,855
  • Edited 4:46am Aug 13, 2019 4:29am | Edited 4:46am
Good morning all,

I think I can give something to this group, for those that use ATR for money management.
This tool was made by a friend of mine.

"The indicator calculates the value of the SL/TP based on the ATR allowing to verify the historical data in a simple and practical way, showing not only the SL/TP values but also the place where they would be and if it was a gain or loss. The No Nonsense ATR also calculates the trading volume required for each trade according to the desired risk, using the SL and the account currency for the calculation thus giving a more accurate value."

Attached Image


Calculates volume for 28 pairs and I think SGD isn't included. AUD CAD CHF EUR GBP NZD JPY and USD
This ATR tool indicator offers several inputs

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 176 KB



For more information go here https://github.com/rpsreal/No_Nonsense_ATR

Attached File(s)
File Type: ex4 No_Nonsense_ATR.ex4   226 KB | 515 downloads
  • #2,856
  • Aug 13, 2019 4:35am Aug 13, 2019 4:35am
Quoting Pepetrueno
what do you think ... {image}
Not yet
  • #2,857
  • Aug 13, 2019 6:04am Aug 13, 2019 6:04am
Quoting emmanuel7788
{quote} your calculation is about correct except that 2% of 10k part. how often we learn from forex school/teachers/coaches/gurus uses $10k trading capital in their teaching... and make examples using risk 1% to 3% of $10k...etc. bla bla bla.
Thx for your reply emm, i do learn a lot with those questions posted..

imho,
A leverage of 1:50, 1 standard lot requires USD2240 for EU.. 500 won't do.. if we were to lower it to be 0.01lot, margin 224, push to the limit, margin 448 for 0.02 lot, using %risk per trade, hmmm... have to limit trading certain pairs let say below H4 ATR(10) X2, eg let say max 50pips for 1R.. if we trade only 1 pair, 1R is 50 pips -> for 0.02 lot, a loss is 10USD(5%.. risking 1-3% is not feasible).. assuming worst case scenario in which 5 continuous full loss at 1R, before risk management helps the trader, in the end, it will make the account only able to trade 0.01 lot which is fixed lot, that will result in more difficult to grow the account.. in the end, more likely than not, a cycle of bad pyschology, bad money management, fears appears... all the bad things that should be avoided as a retail trader will be experienced..

The choice will be a much higher leverage.. lol.. which should be avoided too.. maybe with discipline one can trade with higher leverage, but how many traders can conquer discipline and emotion? especially majority likes to take reversal strategy, without SL, all it takes is just 1 bad black swan event, i'm not saying bad stuff about the niche experts in reversal, they are too little compared the majority who fails, really scary stuff to see the average negative pips in the fxbook sentiment, PA is trending somewhere, the high percentage who trades reversal increases... while actually we should follow the trend until it hits us..

You are right, the bottom line is to evaluate one financial objective as statistics wise majority will likely to fail..

what is my edge in trading retail spot forex? hmmm... hmmmmm... lol.. difficult question.... enough pain has been experienced from this retail forex.. beginning to understand and accept not the method/system that is the problem, but it is one trading psychology, those fears n greed.. so never give up to this.. a minority can be successful, so just emulate what work, just 1 will do... lol... yup, enough is enough for all the stupidest mistakes i made...

One definitely have to leverage on trending markets, knowing where our trades are in the MTF cycle, not finding top or bottom, be the second mouse more than the early bird, HTF minimal H4 in line with W1 best.. so there will be lesser whipsaws while balancing the number of available frequency of trades.. leverage on max 1R loss, if possible not trail SL before 1R is reached, n do reward yourself as those R passes... with potential reward minimal 1.5R.. and as you would say leverage on mechanical system like this, so having an entry point is clear, reducing the emotion, and keep on improving till reaching minimal positive expectancy which is extremely difficult to reach 2.. at the moment, my positive expectancy is only ~0.2... lol...

imho, get rich fast in forex is a more of a nonsense, maybe a minority niche traders can reach it, but majoirty can't.. i prefer the notion of getting a reasonable conservative % per month.. totally believe that this system on average reaching 2-4R per month is possible... to be able n reach 9.23% per month average continuously for 60 months? hmmm... lol... i would be very satisfied to reach 5% average without losing months while enjoying what life has to offer... hahahahahaha omg...lol... aiming too high is stressful in forex when everything is random, which in the end affects psychology and then performance...
  • #2,858
  • Aug 13, 2019 7:10am Aug 13, 2019 7:10am
Quoting RobinHood
Here's ONE of the reasons why I really like this new template. The vertical grey lines in the lower window make it easier (in my opinion) to see possible Continuation Trades setting up. Look at the vertical purple lines. {image}
RH, please explain the significance of the Purple lines and vertical Gray Lines? I setup Template #3 and saw no purple lines at all?
You NEVER will be the person you could be, without pressure & discipline
  • #2,859
  • Aug 13, 2019 7:18am Aug 13, 2019 7:18am
Quoting DiamondMiner
{quote} RH, please explain the significance of the Purple lines and vertical Gray Lines? I setup Template #3 and saw no purple lines at all?
RH meant the purple lines he drew on his image in the post, not on the template.
Success means going from failure to failure without loss of enthusiasm
  • #2,860
  • Aug 13, 2019 7:22am Aug 13, 2019 7:22am
Quoting lisat
{quote}RH meant the purple lines he drew on his image in the post, not on the template.
Understood, however that defining moment was considered consolidation or what?
You NEVER will be the person you could be, without pressure & discipline
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