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Trading Made Simple(r)

  • #3,781
  • Sep 14, 2019 2:21pm Sep 14, 2019 2:21pm
Quoting 40PipsAlan
{quote} how about using a trailing stop EA. It will move your SL automatically as your trade progresses. For a more advanced EA some of the guys are using cavemanager for taking profit in batches.
Thank you! That will definitely help a lot. I need to look into it a little more as I am unfamiliar with EA's. I have noticed some of the posts that mentioned the cavemanager but I wasn't exactly sure how it work or even how to use it
  • #3,782
  • Sep 14, 2019 6:11pm Sep 14, 2019 6:11pm
Quoting RobinHood
{quote} Thanks Marcus. Many of the stories and quotes are ones that I wrote or created based on my real life experiences. Here's a quote that I wrote with an explanation of what it means that is in the book: "Perception Determines Opinion" So what does that mean? I created that quote and nobody that I have ever told it to understood exactly what it means without me first explaining it to them. Let's break it down word-by-word using the definitions of each word. Perception Definition: the ability to see, hear, or become aware of something through...

One of my favorite quotes

“We don't see things as they are, we see them as we are.”

― Anaïs Nin
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #3,783
  • Sep 14, 2019 11:29pm Sep 14, 2019 11:29pm
[quote=Shazzie;12503227]
Quoting salimc
\{quote} Thanks, it's all good now!

You are leading a very impressive life. Best of luck.
  • #3,784
  • Sep 15, 2019 12:05am Sep 15, 2019 12:05am
Quoting monty20
{quote} Thank you! That will definitely help a lot. I need to look into it a little more as I am unfamiliar with EA's. I have noticed some of the posts that mentioned the cavemanager but I wasn't exactly sure how it work or even how to use it
Here is a selection of trailing stop experts. I am currently testing the FPA breakeven trailing stop. The cavemanager EA recalculates based on the current chart so if you jump TF for example the M5 to get a better entry then CM is all messed up hence I cannot use it. A standalone trading PC is probably the best option for CM with a different PC used for adding more trades.
Make sure that MT4 autotrading button is enabled and the EA icon in the top right has a smiley face.
Let us know which EA if any works best for you.
I have also found swingmans RR calculator indi very useful if you choose to do a TP. Set your TP to 2R minimum which should be twice your SL. Losing trades =1R and the winning trades make up for the losers =2R
Or just leave the trailing stop to end your trade for you, hopefully with a minimum of a few pips should the trade go against you.
Attached File(s)
File Type: zip Experts.zip   114 KB | 399 downloads
File Type: ex4 smTMMS RR-Calculator_v1.1.ex4   22 KB | 350 downloads
  • #3,785
  • Sep 15, 2019 7:04am Sep 15, 2019 7:04am
Quoting Shazzie
{quote} Wow what a life, eh? Nice, I live in New England too, Rowley, MA on 9 beautiful acres.... I love New England and the area, though I was just diagnosed with MS, and am now trying to trade more, just in case I need to work from home at some point. Right now, I build military helicopter engines at a very large, well known company. I love my job, but i also love trading FX and I’m so excited to have found you, and this thread. I’m reading and learning so much from it, and it’s nice to know your background and a bit about you, it instills trust,...
Thank you for the kind words. I pass by where you live on my way to Maine. I'm particularly fond Ogunquit and so that's usually where I stay.
Always a Student, Never a Master - Emulate What Works
  • #3,786
  • Sep 15, 2019 7:05am Sep 15, 2019 7:05am
Quoting monty20
{image} hello guys, I am fairly new to trading forex. I ran across this thread and have been reading it and studying it and practicing the techniques in a demo account. First off I would like to thank RH and all the other members who have contributed to this system. Here are my trades from this past week. I work full time so I have limited time to trade and not being able to check trades during the day I decided to just set my TP at 100 pips per trade and see how it went for awhile. I know by doing this that I will miss out on some profit but not...
You're welcome, and best of luck to you!
Always a Student, Never a Master - Emulate What Works
  • #3,787
  • Sep 16, 2019 2:05am Sep 16, 2019 2:05am
Lets see how this one goes
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  • #3,788
  • Sep 16, 2019 2:14am Sep 16, 2019 2:14am
Also just taken a cad/jpy continuation trade
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  • #3,789
  • Sep 16, 2019 2:32am Sep 16, 2019 2:32am
CADJPY H4 is due for a rally. How soon it will come, nobody knows, but it is more probable to come than for more down movement to continue.
To free Gazans of Hamas, use whatever it takes.
  • #3,790
  • Sep 16, 2019 5:15am Sep 16, 2019 5:15am
How about this one then?
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  • #3,791
  • Sep 16, 2019 5:32am Sep 16, 2019 5:32am
EURGBP it looks that the sell will continue
  • #3,792
  • Sep 16, 2019 6:19am Sep 16, 2019 6:19am
Hows this one looking guys?
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  • #3,793
  • Sep 16, 2019 7:12am Sep 16, 2019 7:12am
Quoting RobinHood
{quote} I tried it. In every instance that I saw it crossed the 50 later than the RSI, which is of no benefit that I can see.
Does this strategy work with candlesticks?
  • #3,794
  • Sep 16, 2019 7:48am Sep 16, 2019 7:48am
Quoting northedan
{quote} Does this strategy work with candlesticks?
You could try it out and let us know. There is a HA tape indicator for trade confirmation if you really need to see the candlesticks without the HA candles.
  • #3,795
  • Sep 16, 2019 8:32am Sep 16, 2019 8:32am
Quoting 40PipsAlan
Lets see how this one goes {image}
Crash and burn -1R
  • #3,796
  • Sep 16, 2019 9:15am Sep 16, 2019 9:15am
Quoting 40PipsAlan
{quote} Crash and burn -1R
If you want my 2 cents worth, you took a trade where the price was obviously in congestion which is never a good idea.
Always a Student, Never a Master - Emulate What Works
  • #3,797
  • Sep 16, 2019 9:30am Sep 16, 2019 9:30am
Quoting RobinHood
{quote} If you want my 2 cents worth, you took a trade where the price was obviously in congestion which is never a good idea.
Cheers RH. I don't suppose you can expand on your statement? Is there a way for us newbies to spot this easier.
I can see the Weekly is in a upswing on a downtrend
and the daily is in downswing on an uptrend.
sounds like consolidation if they all disagree?
  • #3,798
  • Edited 10:01am Sep 16, 2019 9:33am | Edited 10:01am
I am playing around with something new that I thought I would share. I don't know if it's something I'll keep using but I find it interesting.

Let me first say that today is the first time that I have used this indicator (in real time) and I radically altered it from it's original settings because I wanted to use it in a completely different way. BTW, it repaints to a degree, but that doesn't affect how I am using very much.

I am using it to prevent me from taking trades in the opposite direction that the two bands are pointing AND as a way to stay in trades longer by staying with the trend

SwingMan created it and it's called: smLazyTMA Bands v1

Here it is:

Attached File(s)
File Type: mq4 smLazyTMA Bands_v1.mq4   8 KB | 759 downloads


Attached File(s)
File Type: ex4 smLazyTMA Bands_v1.ex4   20 KB | 657 downloads


Here'w what it looks like USING IT MY WAY...it's the 2 magenta lines:

Attached Image (click to enlarge)
Click to Enlarge Name: smLazy MA Bands.JPG Size: 242 KB


Here's the settings that I'm using:

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Attached Image (click to enlarge)
Click to Enlarge Name: 1b.JPG Size: 57 KB
Always a Student, Never a Master - Emulate What Works
  • #3,799
  • Sep 16, 2019 9:47am Sep 16, 2019 9:47am
Quoting RobinHood
I am playing around with something new that I thought I would share. I don't know if it's something I'll keep using but I find it interesting. Let me first say that today is the first time that I have used this indicator and I radically altered it from it's original setting because I wanted to use it in a completely different way. BTW, it repaints to a degree, but that doesn't affect how I am using very much. I am using it to prevent me from taking trades in the opposite direction that the two bands are pointing AND as a way to stay in trades longer...

Now you've done it RH... you've opened up Pandora's Box of questions that are sure to flood the thread and your inbox I'm sure it will help a lot of traders once they get the hang of it. The TMA bands are magical for my trading, and thanks to you, I'm sticking with the higher time frames, just haven't had much time to trade recently with finalizing my business sale. Keep up your great work!
  • #3,800
  • Sep 16, 2019 9:51am Sep 16, 2019 9:51am
Quoting OnAJourney
{quote} Now you've done it RH... you've opened up Pandora's Box of questions that are sure to flood the thread and your inbox I'm sure it will help a lot of traders once they get the hang of it. The TMA bands are magical for my trading, and thanks to you, I'm sticking with the higher time frames, just haven't had much time to trade recently with finalizing my business sale. Keep up your great work!
Well, answering questions about this indicator will be easy, because I don't really know much about it at all.

Possibly you could help when someone asks?
Always a Student, Never a Master - Emulate What Works
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