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

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Trading Made Simple(r)

  • #3,321
  • Edited 3:46am Aug 25, 2019 3:30am | Edited 3:46am
Quoting forexdg
{quote} all look great in backtest I backtested so such many strategies that I thought I will be milionaire 10000 times because most strategies look profitable with backtest Im tired of backtest and to try strategies I join this thread because I thought it give me profitable trades based on precise rule that work I didnt know we have to test and make my own rules I thought everything is already setup for profitale trading and we simply have to follow what is teach here
This post of yours makes me laugh and laugh.........

What RobinHood and the rest does here, is just a heads up........... Trading is do it yourself.

Happy weekend.
Time always comes before price
  • #3,322
  • Aug 25, 2019 3:31am Aug 25, 2019 3:31am
Quoting emmanuel7788
{quote} what some missed last Week 34: GBPNZD Week 34 Aug 19 to 23 {image} GBPAUD Week 35 Aug 26 to 30, when New York Sunday opens in about 12½ hours ... you will see if there is a setup {image}
you mean look at signal to happen at weekly bar open, not at weekly bar close
now it is closed and its no signal
but when it open the indicators will be more in the right part of the chart (because they go under next bar which will be to the right) and can happen a signal like this on the open of next bar
I was looking only for signal at close of bar and maybe this was wrong?
the logic was if signal is on the open of bar then that bar is live and can go in opposite direction and indicators will follow (they will repaint the signal)
but with closed bars indicators will not repaint the signal
  • #3,323
  • Aug 25, 2019 3:36am Aug 25, 2019 3:36am
Quoting forexdg
{quote} you mean look at signal to happen at weekly bar open, not at weekly bar close now it is closed and its no signal but when it open the indicators will be more in the right part of the chart (because they go under next bar which will be to the right) and can happen a signal like this on the open of next bar I was looking only for signal at close of bar and maybe this was wrong? the logic was if signal is on the open of bar then that bar is live and can go in opposite direction and indicators will follow (they will repaint the signal) but with...

last Friday market closed and the indicators Stochastics and RSI are lagging ... they will update as soon as NY Sunday open and there is the first price tick.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,324
  • Aug 25, 2019 3:38am Aug 25, 2019 3:38am
Quoting emmanuel7788
{quote} There are 11 exit methods in Post#1 by RobinHood. 1) I like exit No.1 best using the APB/HA candle colour change. This is best for 4H swing trading and also to close all 4H trades by London session closing on Fridays and with only one exception which I would rollover my open positions to the following week. This also work when trading the D1 chart timeframe. 2) I have also Exit rule using Weekly 2-Bars Look Back which I will "Cut-Losses Short" for all Position Trading on Daily charts. This will limit my floating drawdown to maximum 2 weeks...
thank you emmanuel
I try this system on d1 now and my trading plan should be
1 put hard stoploss on two w1 bars look back
2 when d1 bar change color I exit
market condition change is more dificult for understand now for me and I will simply use first two
  • #3,325
  • Aug 25, 2019 3:43am Aug 25, 2019 3:43am
Quoting forexdg
{quote} all look great in backtest I backtested so such many strategies that I thought I will be milionaire 10000 times because most strategies look profitable with backtest Im tired of backtest and to try strategies I join this thread because I thought it give me profitable trades based on precise rule that work I didnt know we have to test and make my own rules I thought everything is already setup for profitale trading and we simply have to follow what is teach here

the holy grail is not in the method.

the holy grail is when you lose, you lose 1R and when your wins must in multiples of Rs ... 2R, 3R, 4R, 5R, ...
when you can achieve and maintain a positive Expectancy then you are the holy grail.

the holy grail report posted here.

holy grail by thom hartle click to download
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,326
  • Aug 25, 2019 4:08am Aug 25, 2019 4:08am
Quoting forexdg
{quote} all look great in backtest I backtested so such many strategies that I thought I will be milionaire 10000 times because most strategies look profitable with backtest Im tired of backtest and to try strategies I join this thread because I thought it give me profitable trades based on precise rule that work I didnt know we have to test and make my own rules I thought everything is already setup for profitale trading and we simply have to follow what is teach here
Well then maybe you don't know how to back test properly - what pairs did you back test and what were the results - post the results here and we can see if you understand the rules properly.....what was your expectancy result for any pair???
  • #3,327
  • Aug 25, 2019 4:17am Aug 25, 2019 4:17am
Quoting emmanuel7788
{quote} the holy grail is not in the method. the holy grail is when you lose, you lose 1R and when your wins must in multiples of Rs ... 2R, 3R, 4R, 5R, ... when you can achieve and maintain a positive Expectancy then you are the holy grail. the holy grail report posted here. holy grail by thom hartle click to download
I sincerely APOLOGIZE to all for my over posting. But like this PDF paper Emmanuel has shared here [Holy Grail] just on page 1 already (of 7 pages) says it all and it is a vital and necessary foundation to winning in trading.

Thanks Emmanuel.
The more you learn, the more you see
  • #3,328
  • Aug 25, 2019 6:05am Aug 25, 2019 6:05am
Quoting fxrabbi
{quote} ...Trading is do it yourself.

So far... the best answer!!!
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #3,329
  • Aug 25, 2019 7:23am Aug 25, 2019 7:23am
Quoting PhillipmC
{quote} Wouldn't even waist your time in answering or defending to the good DR. He's a notorious troll on FF.. Hope your week ahead is good foureggs.. I could do with a little luck
wish the same for your week ahead

I agree luck we all need, the rest is knowledge

and perseverance, dont give up,

if not sure dont trade or trade on a Demo, u learn a lot

and most you learn from losing trades..cheers
  • #3,330
  • Aug 25, 2019 8:22am Aug 25, 2019 8:22am
I really appreciate everyone's supportive comments.

Everyone needs to always remember...

"Trading is a Lifelong Journey; There is No Final Destination"

We are all here to teach each other, to learn from each other, and to exchange ideas with each other...in a positive way.
Always a Student, Never a Master - Emulate What Works
  • #3,331
  • Aug 25, 2019 9:18am Aug 25, 2019 9:18am
Quoting RobinHood
I really appreciate everyone's supportive comments. Everyone needs to always remember... "Trading is a Lifelong Journey; There is No Final Destination" We are all here to teach each other, to learn from each other, and to exchange ideas with each other...in a positive way.

  1. Automated Systems, Price Action, Technical Analyst
  2. can you elaborate about Automated Systems, I did not find any auto systems they work long term, but

  1. The absolute best trading advice that I could give someone is to buy the resumption of the trend after the first pull-back. And vice-versa for short trades.
  2. I agree with you a 100% on this... this is indeed the best advice

  • #3,332
  • Aug 25, 2019 10:49am Aug 25, 2019 10:49am
Quoting foureggs
{quote} Automated Systems, Price Action, Technical Analyst can you elaborate about Automated Systems, I did not find any auto systems they work long term, but The absolute best trading advice that I could give someone is to buy the resumption of the trend after the first pull-back. And vice-versa for short trades. I agree with you a 100% on this... this is indeed the best advice
I used to write automated systems...very, very expensive ones.

I would say that the vast majority...like 99% of them do not work over an extended period of time...at least not without being tweaked every few years.

The reason, in my opinion, is because most systems are created AND OPTIMIZED using past market data and history rarely repeats itself, so over time most systems lose their efficacy. In other words, the good trading results that they produce decays over time.
Always a Student, Never a Master - Emulate What Works
  • #3,333
  • Aug 25, 2019 11:03am Aug 25, 2019 11:03am
Has anyone come across any good or decent Breakout Alert Indicators? Thank you in advance.
The more you learn, the more you see
  • #3,334
  • Aug 25, 2019 11:07am Aug 25, 2019 11:07am
I dont know how much noobs are in this threat

but I like to give one more advice

dont spend to much money on Strategies or systems

you will regret it, I did and I learn one thing

because I jump from one strategy to the next obviously better one? I was wasting not only my money

but also my time.

Stick with one strategy, and improve with learning, most is free online

if you pay for a strategy ask for real account prove, 98% will not have any or only little

because 98% never traded in first place, they only sell and receive a referrer commission

so be careful with the 100% winning strategies, they dont exist and never want

its all you and your mind and patients and the rest is knowledge
  • #3,335
  • Aug 25, 2019 11:33am Aug 25, 2019 11:33am
Quoting Marcusv007
Has anyone come across any good or decent Breakout Alert Indicators? Thank you in advance.
How about Bolli bands bossman? Or even double bolli bands. Breakout/trend and volitality all in one indicator. I am sure Emm can show us a thing or two about those.
  • #3,336
  • Aug 25, 2019 5:27pm Aug 25, 2019 5:27pm
My Current Trades:

Attached Image (click to enlarge)
Click to Enlarge Name: My Current Trades.JPG Size: 285 KB
Always a Student, Never a Master - Emulate What Works
  • #3,337
  • Aug 25, 2019 5:55pm Aug 25, 2019 5:55pm
Quoting forexdg
{quote} you mean look at signal to happen at weekly bar open, not at weekly bar close now it is closed and its no signal but when it open the indicators will be more in the right part of the chart (because they go under next bar which will be to the right) and can happen a signal like this on the open of next bar I was looking only for signal at close of bar and maybe this was wrong? the logic was if signal is on the open of bar then that bar is live and can go in opposite direction and indicators will follow (they will repaint the signal) but with...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 34 Aug 23 Close 25-08-2019 16-12-03.png Size: 58 KB



did you catch the NY Sunday open ?

it's a whopper 150pips.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD Week 35 Aug 26 NY Open 26-08-2019 06-44-41.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,338
  • Aug 25, 2019 7:05pm Aug 25, 2019 7:05pm
hey Robinhood, i just got turned on to the Trading Made Simple system from big E and I have been reading both threads and backtesting all week. I know you said to enter on candles 2 or 3 AFTER the set up candle, which makes the setup candle #1. Here in the chart you posted in your first post, it seems like entry is on the 4th candle since that is when after the green line crosses the yellow line? am i wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: Valid Crossover Entries.PNG Size: 94 KB


Here i am backtesting, and i got a signal to enter a short, but in this case, its already the 5th candle? in this case, do i not enter the trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.png Size: 137 KB
  • #3,339
  • Edited Aug 26, 2019 6:03am Aug 25, 2019 7:14pm | Edited Aug 26, 2019 6:03am
Quoting fc3s
hey Robinhood, i just got turned on to the Trading Made Simple system from big E and I have been reading both threads and backtesting all week. I know you said to enter on candles 2 or 3 AFTER the set up candle, which makes the setup candle #1. Here in the chart you posted in your first post, it seems like entry is on the 4th candle since that is when after the green line crosses the yellow line? am i wrong? {image} Here i am backtesting, and i got a signal to enter a short, but in this case, its already...
1. I never said that. I said in Post # 1:

"3. After both # 1 and # 2 above have occurred, preferably, you want to initiate a trade after the 1st bar has closed on the same side of the Yellow Line as the direction of the trade or on the 2nd or 3rd candle ideally. Entering any later than that is more risky."


2. It wasn't the 5th candle. You should have open your trade on the Open of Bar # 4.
Always a Student, Never a Master - Emulate What Works
  • #3,340
  • Aug 25, 2019 7:28pm Aug 25, 2019 7:28pm
Quoting RobinHood
{quote} 1. I never said that. I said in Post # 1: "3. After both # 1 and # 2 above have occurred, preferably, you want to initiate a trade after the 1st bar has closed on the same side of the Yellow Line as the direction of the trade or on the 2nd or 3rd candle ideally. Entering any later than that is more risky." 2. It wasn't the 5th candle. You should have open your trade on the Open of bar Bar # 4.
thanks for the quick reply. so general rule of thumb, we can still enter on the 4th candle? i ask because i tried that in one of my backtesting scenarios and resulted in a loss.
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