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Trading Made Simple(r)

  • #3,901
  • Sep 20, 2019 7:05am Sep 20, 2019 7:05am
Quoting carmelina
Hi, Krismitt, I tried to apply the MTF RSI to my chart but I can't get it in the same window as yours. Can you give some clarification, please?
Sure.......have a look at Post#3,896 above.

"You should change your Inputs as shown in my screenshots below. Also, if you wish, you can avoid the second Sub-Window by dragging the RSI Indicator from the Navigator on the left into the original Sub-window containing the Stochs Etc."

Let me know if you are sorted.

Cheers.
  • #3,902
  • Sep 20, 2019 7:12am Sep 20, 2019 7:12am
Quoting krismitt
{quote} Hi David: Yes will share anything I learn, as I do. You should change your Inputs as shown in my screenshots below. Also, if you wish, you can avoid the second Sub-Window by dragging the RSI Indicator from the Navigator on the left into the original Sub-window containing the Stochs Etc. {image} {image} Cheers.
Thanks. I missed that RSI 14 part, very glad I asked now

I prefer to keep the stochs and RSI separate as I find it all too visually overwhelming to my autistic brain if they are on the same panel.
  • #3,903
  • Sep 20, 2019 7:12am Sep 20, 2019 7:12am
Here is the Template....

Attached File(s)
File Type: tpl TMSr Public.tpl   9 KB | 469 downloads


Trade well.
  • #3,904
  • Sep 20, 2019 7:15am Sep 20, 2019 7:15am
Multi-Timeframe Stochastics and RSI

why not use FerruxFX FFx standard indicators and see the actual indicators in realtime mode.

https://www.forexfactory.com/showthread.php?t=418662

Attached Image (click to enlarge)
Click to Enlarge Name: FxFerrux 20-09-2019 20-12-41.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #3,905
  • Sep 20, 2019 7:16am Sep 20, 2019 7:16am
Quoting krismitt
{quote} Hi David: Yes will share anything I learn, as I do. You should change your Inputs as shown in my screenshots below. Also, if you wish, you can avoid the second Sub-Window by dragging the RSI Indicator from the Navigator on the left into the original Sub-window containing the Stochs Etc. {image} {image} Cheers.
I think that's now correct?
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  • #3,906
  • Sep 20, 2019 7:27am Sep 20, 2019 7:27am
Quoting emmanuel7788
Multi-Timeframe Stochastics and RSI why not use FerruxFX FFx standard indicators and see the actual indicators in realtime mode. https://www.forexfactory.com/showthread.php?t=418662 {image}
cool
  • #3,907
  • Sep 20, 2019 8:59am Sep 20, 2019 8:59am
Trade report for the week. All trades closed.
26 trades taken on a 5K demo account with 2% per trade. Made a profit of 1.13% with a DD of 1.11%
I am happy with the results. Last week saw twice as many trades and only half of this weeks profit.
My biggest losers were all CAD.
I am now selecting better entries where Stochs have just cleared the 80 or 20 level and going smoothly thru 50, rather than the feeble turn through 50 level.
I have been taking trades from the H1 chart but with H4 SL and TP levels, probably to get more entries.
I have also reduced my breakeven level on my EA to around 15 pips and reviewing the trailing stop amount. TP is still set at 2R
In terms of R we have a weekly return of about +5.5R
Roll on next week
  • #3,908
  • Sep 20, 2019 9:24am Sep 20, 2019 9:24am
Quoting 40PipsAlan
Trade report for the week. All trades closed. 26 trades taken on a 5K demo account with 2% per trade. Made a profit of 1.13% with a DD of 1.11% I am happy with the results. Last week saw twice as many trades and only half of this weeks profit. My biggest losers were all CAD. I am now selecting better entries where Stochs have just cleared the 80 or 20 level and going smoothly thru 50, rather than the feeble turn through 50 level. I have been taking trades from the H1 chart but with H4 SL and TP levels, probably to get more entries. I have...
Good job!
Always a Student, Never a Master - Emulate What Works
  • #3,909
  • Sep 20, 2019 10:42am Sep 20, 2019 10:42am
This weeks Trade Report, tried to be a bit more measured in my approach had too much Red last week. Drafted my Trading Rules yesterday I will share with you number 20, last rule on the list

Losing trades are part of the game, keep them small and the quicker you can get out of the trade the sooner you can find some winning trades.
{C}· Execute your losing trades immediately upon perception that they exist.


Wish everyone a beautiful weekend.
Attached Image (click to enlarge)
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The more you learn, the more you see
  • #3,910
  • Sep 20, 2019 11:22am Sep 20, 2019 11:22am
Quoting Marcusv007
This weeks Trade Report, tried to be a bit more measured in my approach had too much Red last week. Drafted my Trading Rules yesterday I will share with you number 20, last rule on the list Losing trades are part of the game, keep them small and the quicker you can get out of the trade the sooner you can find some winning trades. {C}· Execute your losing trades immediately upon perception that they exist. Wish everyone a beautiful weekend. {image}
Great job Marcus! Thanks for sharing.
Always a Student, Never a Master - Emulate What Works
  • #3,911
  • Sep 20, 2019 12:04pm Sep 20, 2019 12:04pm
For those of you who "liked" the TDI that Big E used for signals (crossovers) in the original "Trading Made Simple" thread...

While doing some research, I just came across something interesting. Look at how well the HMA that we use very often almost matches the TDI crosses.

Attached Image (click to enlarge)
Click to Enlarge Name: TDI vs HMA.JPG Size: 224 KB
Always a Student, Never a Master - Emulate What Works
  • #3,912
  • Sep 20, 2019 12:54pm Sep 20, 2019 12:54pm
Quoting RobinHood
For those of you who "liked" the TDI that Big E used for signals (crossovers) in the original "Trading Made Simple" thread... While doing some research, I just came across something interesting. Look at how well the HMA that we use very often almost matches the TDI crosses. {image}
To go with that I use the TMS osc cross
There is also a version of HMA NRP with alerts and arrows if anybody wants it. I cant quite decide which is better.
Attached File(s)
File Type: ex4 TMS-Osc Cross.ex4   22 KB | 335 downloads
File Type: mq4 TMS-Osc Cross.mq4   12 KB | 380 downloads
File Type: ex4 HMA nrp alerts + arrows.ex4   49 KB | 384 downloads
File Type: mq4 HMA nrp alerts + arrows.mq4   19 KB | 471 downloads
  • #3,913
  • Sep 20, 2019 1:11pm Sep 20, 2019 1:11pm
Quoting 40PipsAlan
{quote} To go with that I use the TMS osc cross There is also a version of HMA NRP with alerts and arrows if anybody wants it. I cant quite decide which is better. {file} {file} {file} {file}
Thanks for sharing.
Always a Student, Never a Master - Emulate What Works
  • #3,914
  • Sep 20, 2019 2:09pm Sep 20, 2019 2:09pm
Quoting RobinHood
{quote} I don't see how that qualifies as a legitimate Continuation Trade. Maybe you could explain it?
hi robinhood
all indicators was above 0 line when I enter and now rsi show like it was not above , but it was a little when my entry
bars were blue above yellow line and hma was green, this is uptrend, then I saw red bar and this is what you said it mean retracement in trend
then blue bar apear and I entered because indicators all above 0 and this blue bar show retracement its over
I check my charts now and I see another trade touched stoploss
eurjpy d1 buy continuation
Attached Image (click to enlarge)
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  • #3,915
  • Sep 20, 2019 2:23pm Sep 20, 2019 2:23pm
"all indicators was above 0 line when I enter and now rsi show like it was not above , but it was a little when my entry
bars were blue above yellow line and hma was green, this is uptrend, then I saw red bar and this is what you said it mean retracement in trend
then blue bar apear and I entered because indicators all above 0 and this blue bar show retracement its over"

Here's the image below from your post # 3863 and it doesn't look like it ever qualified to me. Maybe it was different in real time, but I can only go by the image you posted and I don't see a legitimate trade.

Attached Image
Always a Student, Never a Master - Emulate What Works
  • #3,916
  • Sep 20, 2019 2:30pm Sep 20, 2019 2:30pm
Here's my trade report for the week. It's been a good one, I've started adding to some winners or setups where I entered a second time on the following candle if there was confirmation on the direction. Let's hope the run continues next week.

Attached Image (click to enlarge)
Click to Enlarge Name: Report.JPG Size: 73 KB
  • #3,917
  • Sep 20, 2019 3:40pm Sep 20, 2019 3:40pm
Quoting RobinHood
"all indicators was above 0 line when I enter and now rsi show like it was not above , but it was a little when my entry bars were blue above yellow line and hma was green, this is uptrend, then I saw red bar and this is what you said it mean retracement in trend then blue bar apear and I entered because indicators all above 0 and this blue bar show retracement its over" Here's the image below from your post # 3863 and it doesn't look like it ever qualified to me. Maybe it was different in real time, but I can only go by the image you posted and...
Have just run this on the strategy tester so probably not exactly how it was at the time. Anyway my take on on it, just trying to help others so don't shoot the messenger. At first look it appears the RSI and 2 stochs are rising above the 50 line, giving the impression of an uptrend in the making. But:-
This pair is in a downtrend until price gets above the last LH (red line) so short trades only unless you are confident in taking counter trends.
Also the distance in candles for the stochs and RSI to cross the 50 line is way over the 3-4 recommended by Emm (blue lines) making this a very risky buy trade.
The stochs are in OB area and could drop anytime. Should have passed on this trade.
Any more observations welcome
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 164 KB
  • #3,918
  • Sep 20, 2019 4:05pm Sep 20, 2019 4:05pm
Quoting Barraka
Here's my trade report for the week. It's been a good one, I've started adding to some winners or setups where I entered a second time on the following candle if there was confirmation on the direction. Let's hope the run continues next week. {image}
Excellent. Excellent. Excellent.
Always a Student, Never a Master - Emulate What Works
  • #3,919
  • Sep 20, 2019 4:07pm Sep 20, 2019 4:07pm
Quoting 40PipsAlan
{quote} Have just run this on the strategy tester so probably not exactly how it was at the time. Anyway my take on on it, just trying to help others so don't shoot the messenger. At first look it appears the RSI and 2 stochs are rising above the 50 line, giving the impression of an uptrend in the making. But:- This pair is in a downtrend until price gets above the last LH (red line) so short trades only unless you are confident in taking counter trends. Also the distance in candles for the stochs and RSI to cross the 50 line is way over the 3-4...
I think this kind of entry can be avoided just by following the direction of next higher time fame .
  • #3,920
  • Edited 4:41pm Sep 20, 2019 4:23pm | Edited 4:41pm
Quoting itsDavid
{quote} Very interesting. I've set up a similar RSI indi field with your settings. If you have any more insight into using all three RSI timeframes together like this I would be very interested to hear them. {image}
Here is a Learning for you David....

See my AUDNZD Trade below. There was a valid H4 SHORT Trade using the 7 Indicators, but the RSI(14), D1 and RSI(14), W1 were both above 50 so I considered this to be a quick retracement and literally waited for the next BUY Signal. I'm not saying it is a great trade, I'm only saying that the 2 additional indicators kept me out of a possible bad trade and opened the door for a good one.

My stop is now covered so it cannot be a loosing trade. #Learnings.

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More #Learnings:

This was my BIG Loosing Trade this week. I cannot recall how or why I came to the decision to take this Continuation trade - but I did. Vertical line at the Signal Candle that I used for entry.

Look at the Chart and check where the RSI(14), W1 is.

I rest

Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF.jpg Size: 124 KB


Trade well.
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