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Monitor for 'Trading Made Simple' system 565 replies

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

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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

  • #102,061
  • Mar 28, 2020 3:12am Mar 28, 2020 3:12am
Quoting Tekkies
{quote} "I want the strategy / trading plan to clarify all this subjectivity in advance." Keep on dreaming Iddd, you are looking for a needle in a haystack. --- Try this: #8703.......... I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again.............
The Daily is no alternative to me at the moment.

What about my questions from previous posts to build a more combined alert indicator that is able to filter out most of the no-trade signals to minimize working trough a check list of subjective rules like most of the rules of post #647.

Would it be at least possible to get an alert only if TDI and Stochastic is in alignment + the correct angle?

I am not mql coder, also I don’t have the time to learn it my self at the moment but I would pay for it if it can be done.

If it’s not possible to check for the right market condition and S/R and the right condition of how price action should look like at time of the cross over (e.g length of bars etc.) maybe some of this list could be done?

Find possible trade entries for M15 charts:

- Alert only where TDI crossed over at the right steep angle + Stochastic confirms.
- Alert only if the longer term time frame would be in balance with M15 here. Maybe H1/H4/Daily (not sure what you look at for it or if you look at another time frame at all)
- Alert only between specific market hours.
- Alert only if there is no high impact news near to be released could quickly lead to a more volatile movement of price than normally.
  • #102,062
  • Mar 28, 2020 3:32am Mar 28, 2020 3:32am
Quoting emmanuel7788
{quote} Are you serious? ------------ \Try this: #8703.......... I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again............. ---------------- That's gambling ... https://www.youtube.com/watch?v=7hx4...dlfamo&index=1
ARE YOU SERIOUS????

Once again, making absurd ASSUMPTIONS without any facts to back them up. How do you know it is gambling? Did BigE give you a copy of his data and you did an analysis and came to that conclusion? Did you do your own study, analyze the data, and come to that conclusion? Did someone else do a study and publish the results, and you base your remark on that publication? If that is the case, give a link to said publication. Clearly, you're out of your league--again.
To free Gazans of Hamas, use whatever it takes.
  • #102,063
  • Mar 28, 2020 3:42am Mar 28, 2020 3:42am
Quoting emmanuel7788
{quote} {quote} After my simple answer to that simple question asked, I now have more time as the markets are closed. First an foremost, Trading Made Simple is NOT a system. This thread is about the trading journey of the OP Eric Franz aka Big E who started in 2008 like most forex trading newbie and he journeyed through several systems and methods and he developed his own new methods by blending components of other systems/methods to create new ones. Know the TMS history and you will learn a lot from the OP and when you have mastered the 5-Method,...
This is trading made simple. How about you keep the answers to questions simple as well instead of all of the copy-paste of thousands of words that just clutters the thread; could simply give a link and be done with it.
To free Gazans of Hamas, use whatever it takes.
  • #102,064
  • Mar 28, 2020 4:24am Mar 28, 2020 4:24am
This is for those readers who missed reading from the previous page 5103,

Quoting dannyrod01
Hi all, New here. Is there any post that has the full system step by step?
Quoting emmanuel7788
{quote} Question: Is there any post that has the full system step by step? Answer : NO simple question requires simple answer
After my simple answer to that simple question asked, I now have more time as the markets are closed.

First an foremost, Trading Made Simple is NOT a system. This thread is about the trading journey of the OP Eric Franz aka Big E who started in 2008 like most forex trading newbie and he journeyed through several systems and methods and he developed his own new methods by blending components of other systems/methods to create new ones.
Know the TMS history and you will learn a lot from the OP and when you have mastered the 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems.


Below is a quick start summary:

Introduction to Trading Made System

Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,

After months of postings and answering many frequently asked questions FAQs in his old thread,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

In Post#1, he explained how he traded the H4 10PM, 2AM and 6AM candles on his H4 chart timeframe and he also traded the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template Post#25

When you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.

Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.

Important to Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

Another thing to take note is : Big E was a rule-based discretionary trader. According a study by Dr. Van K Tharp, this type of traders are the best traders. Do some research on yoour own and see if Dr. Van Tharp is right.

Enjoy and Have fun during your learning journey..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,065
  • Mar 28, 2020 4:37am Mar 28, 2020 4:37am
Quoting Tekkies
{quote} State your reason's why it is a gamble. Here is my reason to Try this: post#8703 {image}
hey Tekkies

since you know how to draw those vertical lines on your Daily chart, it is simple to use this expert advisor by Steve Hopwood to do back-test of #8703 entry and exit exactly what the OP had said. You need to use that TDI version in Post#25 and run the test for say 3 years of live broker data and use a $10,000 account like the OP.

https://www.forexfactory.com/showthread.php?t=292301

Share your back-testing results and we can discuss.

You can start forward testing from Apr 01 2020 till as long as your $10,000 account can survive current market conditions. Pick any pair you want.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,066
  • Mar 28, 2020 4:52am Mar 28, 2020 4:52am
Quoting Tekkies
Here we go again: I rest my case Your Honour Post 102,054 Where is TDI mentioned in that post? Only methods are mentioned therefor none of them are the Holy Grail. Post 102,055 a Beautiful case of double standard. aggravator87 has posted 28 post, Proway has posted 1 post. Post 16,697 Take note: Any method, indicator,...

#463# limitation

very clear signs of Tekkies' limitations due to his very poor reading and comprehension skills..

he only want to read anything that support his beliefs one of which is the TDI is his Holy Grail.

he has two cheerleaders who actually liked his posts.

Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,067
  • Mar 28, 2020 5:06am Mar 28, 2020 5:06am
Quoting lddd
{quote} The Daily is no alternative to me at the moment. What about my questions from previous posts to build a more combined alert indicator that is able to filter out most of the no-trade signals to minimize working trough a check list of subjective rules like most of the rules of post #647. Would it be at least possible to get an alert only if TDI and Stochastic is in alignment + the correct angle? I am not mql coder, also I don’t have the time to learn it my self at the moment but I would pay for it if it can be done. If it’s not possible to...
All have that has been done, Iddd.
None worked.
The only way you are going to get anywhere is to paper trade with trendline (blue /yellow like I do) when you can be at the computer. > Normal human trading.
When you see a crossover ignore all bullshit, trade only what you see:
Green above red > buy
Green below red >sell
Don't refresh chart at all.
That is it.
- start trend-line at crossover,
- close trend-line at next crossover
Do it for long as you want.
- After a month or two you have enough blue / yellow trend-lines
- Export those trend-lines values to excel and do what every you think with the information obtained.

You not prepared to do that, go bugger someone else.
  • #102,068
  • Mar 28, 2020 5:39am Mar 28, 2020 5:39am
Quoting emmanuel7788
{quote} hey Tekkies since you know how to draw those vertical lines on your Daily chart, it is simple to use this expert advisor by Steve Hopwood to do back-test of #8703 entry and exit exactly what the OP had said. You need to use that TDI version in Post#25 and run the test for say 3 years of live broker data and use a $10,000 account like the OP. https://www.forexfactory.com/showthread.php?t=292301 Share your back-testing results and we can discuss. You can start forward testing from Apr 01 2020 till as long as your $10,000 account...
You made a statement that it is a gamble.
You must support that statement with concrete evidence, not me.
- Enjoy the back-testing and forward testing in your own time.
  • #102,069
  • Mar 28, 2020 6:01am Mar 28, 2020 6:01am
Quoting Tekkies
{quote} You made a statement that it is a gamble. You must support that statement with concrete evidence, not me. - Enjoy the back-testing and forward testing in your own time.

read the thread and you will find evidence you want.

if you read only the Big E pdf you won't find the evidence about gambling.

don't be lazy.

read all the OP's posts in this thread and also in his old thread.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,070
  • Mar 28, 2020 6:03am Mar 28, 2020 6:03am
Quoting emmanuel7788
This is for those readers who missed reading from the previous page 5103, Quoting dannyrod01 Hi all, New here. Is there any post that has the full system step by step? Quoting emmanuel7788 {quote} Question: Is there any post that has the full system step by step? Answer : NO simple question requires simple answer After my simple answer to that simple question asked, I now have more time...
For those who missed it...

Quoting emmanuel7788
{quote} {quote} After my simple answer to that simple question asked, I now have more time as the markets are closed. First an foremost, Trading Made Simple is NOT a system. This thread is about the trading journey of the OP Eric Franz aka Big E who started in 2008 like most forex trading newbie and he journeyed through several systems and methods and he developed his own new methods by blending components of other systems/methods to create new ones. Know the TMS history and you will learn a lot from the OP and when you have mastered the 5-Method,...
This is trading made simple. How about you keep the answers to questions simple as well instead of all of the copy-paste of thousands of words that just clutters the thread; could simply give a link and be done with it.
To free Gazans of Hamas, use whatever it takes.
  • #102,071
  • Mar 28, 2020 6:06am Mar 28, 2020 6:06am
Quoting Tekkies
{quote} All have that has been done, Iddd. None worked. The only way you are going to get anywhere is to paper trade with trendline (blue /yellow like I do) when you can be at the computer. > Normal human trading. When you see a crossover ignore all bullshit, trade only what you see: Green above red > buy Green below red >sell Don't refresh chart at all. That is it. - start trend-line at crossover, - close trend-line at next crossover Do it for long as you want. - After a month or two you have enough blue / yellow trend-lines - Export those trend-lines...

hey Tekkies

you have not done enough of system testing yet.

those signal mentioned by lddd can be coded and tested with backtesting and forward testing. Some of us active TMS traders have done both between 2012 and 2015.


since you know how to draw those vertical lines on your Daily chart, it is simple to use this expert advisor by Steve Hopwood to do back-test of #8703 entry and exit exactly what the OP had said. You need to use that TDI version in Post#25 and run the test for say 3 years of live broker data and use a $10,000 account like the OP.

https://www.forexfactory.com/showthread.php?t=292301

Share your back-testing results and we can discuss.

You can start forward testing from Apr 01 2020 till as long as your $10,000 account can survive current market conditions. Pick any pair you want.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,072
  • Mar 28, 2020 6:09am Mar 28, 2020 6:09am
Quoting emmanuel7788
{quote} read the thread and you will find evidence you want. if you read only the Big E pdf you won't find the evidence about gambling. don't be lazy. read all the OP's posts in this thread and also in his old thread.
No, there is not evidence in this entire thread that supports your claim of gambling. Likewise, no support of any claims of this being a profitable system.

There is a lot of TALK, a lot of ASSUMPTION, a lot of SPECULATION, and even a few postings of trades. However, there is nothing that amounts to a study of any kind that has merit for supporting ANY kind of claim.
To free Gazans of Hamas, use whatever it takes.
  • #102,073
  • Mar 28, 2020 6:13am Mar 28, 2020 6:13am
Quoting emmanuel7788
{quote} read the thread and you will find evidence you want. if you read only the Big E pdf you won't find the evidence about gambling. don't be lazy. read all the OP's posts in this thread and also in his old thread.
How about YOU supply the evidence and a discussion of the evidence as to how you came to your conclusion. If you have nothing except "go read all the OP's posts", then once again, you do nothing but make baseless claims. Your credibility? In the negative realm.

Hey, the coronavirus pandemic is just a huge hoax! I am not sick, and not a single person around me is sick. It's just a hoax being played on unsuspecting fools that don't require any evidence.
To free Gazans of Hamas, use whatever it takes.
  • #102,074
  • Mar 28, 2020 6:14am Mar 28, 2020 6:14am
Quoting Tekkies
{quote} State your reason's why it is a gamble. Here is my reason to Try this: post#8703 {image}

hey Tekkies

I have done my own backtesting. You have not.

Look at these results...
- same live data from my broker Jan 2017 till 27 Marcgh 2020,

- same entry and same exit rules when TDI green cross red and HA candle entry and exit.

Same $10k but compare the profits... 1,2,3,4, and 5.

Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test1.png Size: 19 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test2.png Size: 19 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test3.png Size: 21 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test4.png Size: 20 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test5.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,075
  • Mar 28, 2020 6:16am Mar 28, 2020 6:16am
Quoting emmanuel7788
{quote} hey Tekkies you have not done enough of system testing yet. those signal mentioned by lddd can be coded and tested with backtesting and forward testing. Some of us active TMS traders have done both between 2012 and 2015. since you know how to draw those vertical lines on your Daily chart, it is simple to use this expert advisor by Steve Hopwood to do back-test of #8703 entry and exit exactly what the OP had said. You need to use that TDI version in Post#25 and run the test for say 3 years of live broker data and use...
There you go Iddd!!! Already all done! Just get the files from the master!!!
To free Gazans of Hamas, use whatever it takes.
  • #102,076
  • Mar 28, 2020 6:26am Mar 28, 2020 6:26am
Quoting Tekkies
{quote} State your reason's why it is a gamble. Here is my reason to Try this: post#8703 {image}

hey Tekkies

more backtests and comparing results.

Look at these results...
- same live data from my broker Jan 2017 till 27 March 2020,

- same entry and same exit rules when TDI green cross red and HA candle entry and exit.

Same $10k but compare the profits... 1, 1a and 1b

Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test1.png Size: 19 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test1a.png Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test1b.png Size: 22 KB


Can you tell the difference from these results.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,077
  • Mar 28, 2020 6:44am Mar 28, 2020 6:44am
Quoting emmanuel7788
{quote} hey Tekkies I have done my own backtesting. You have not. Look at these results... - same live data from my broker Jan 2017 till 27 Marcgh 2020, - same entry and same exit rules when TDI green cross red and HA candle entry and exit. Same $10k but compare the profits... 1,2,3,4, and 5. {image} {image} {image} {image} {image}
HA-ha-ha-ha-ha! Thanks for the laugh!
Let's read the text in red at the top of those images.
"Control points (a very crude method based on the nearest less timeframe, the results must not be considered)"
Sure, the results must not be considered Ha-ha-ha-ha-ha! You can fool some of the people...
Just more nonsense images. No details; not even explanation of the differences in the parameters used in the three runs. Thanks for the laugh, clown!

By the way, look carefully at my image 1 and the original image 1. See the difference? See how EASY it is to manipulate images?
Attached Image
Attached Image
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 97 KB
To free Gazans of Hamas, use whatever it takes.
  • #102,078
  • Mar 28, 2020 6:47am Mar 28, 2020 6:47am
Look at these results...
- same live data from my broker Jan 2017 till 27 March 2020,

- same entry and same exit rules when TDI green cross red and HA candle entry and exit.

Same $10k but compare the profits... 1, 1a and 1b

Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test1.png Size: 19 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test1a.png Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Daily chart test1b.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,079
  • Mar 28, 2020 6:50am Mar 28, 2020 6:50am
Quoting emmanuel7788
Look at these results... - same live data from my broker Jan 2017 till 27 March 2020, - same entry and same exit rules when TDI green cross red and HA candle entry and exit. Same $10k but compare the profits... 1, 1a and 1b {image} {image} {image}
Sure, the results must not be considered Ha-ha-ha-ha-ha! You can fool some of the people...
Just more nonsense images. No details; not even explanation of the differences in the parameters used in the three runs. Thanks for the laugh, clown!
To free Gazans of Hamas, use whatever it takes.
  • #102,080
  • Mar 28, 2020 6:53am Mar 28, 2020 6:53am
Oh, we are in new page 5104...

This is for those readers who missed reading from the previous page 5103 and 5104,

Quoting dannyrod01
Hi all, New here. Is there any post that has the full system step by step?
Quoting emmanuel7788
{quote} Question: Is there any post that has the full system step by step? Answer : NO simple question requires simple answer
After my simple answer to that simple question asked, I now have more time as the markets are closed.

First an foremost, Trading Made Simple is NOT a system. This thread is about the trading journey of the OP Eric Franz aka Big E who started in 2008 like most forex trading newbie and he journeyed through several systems and methods and he developed his own new methods by blending components of other systems/methods to create new ones.
Know the TMS history and you will learn a lot from the OP and when you have mastered the 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems.


Below is a quick start summary:

Introduction to Trading Made System

Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,

After months of postings and answering many frequently asked questions FAQs in his old thread,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

In Post#1, he explained how he traded the H4 10PM, 2AM and 6AM candles on his H4 chart timeframe and he also traded the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template Post#25

When you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.

Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.

Important to Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

Another thing to take note is : Big E was a rule-based discretionary trader. According a study by Dr. Van K Tharp, this type of traders are the best traders. Do some research on yoour own and see if Dr. Van Tharp is right.

Enjoy and Have fun during your learning journey..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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