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Trading Made Simple

  • #102,441
  • Apr 8, 2020 7:42am Apr 8, 2020 7:42am
Quoting emmanuel7788
USDCAD Apr 08 M15 Close sell and re-entry buy {image}

USDCAD Apr 08 M15

Trade update: Move initial SL to BE+ ... 'free trade' situation and let market decide on my TP. Now taking a break

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Apr 08 M15 trade update BE 8-4-2020 8-38-06 pm.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,442
  • Apr 8, 2020 7:59am Apr 8, 2020 7:59am
Quoting emmanuel7788
{quote} AUDJPY Apr 08 M15 trade closed.... Cut loss due to trade invalidation and not wait for SL to get hit. {image} EURJPY Apr 08 M15 trade closed + re-entry Cut loss due to trade invalidation plus immediate re-entry. {image}
EAs often focus on a single timeframe, resulting in questionable entries.
Attached Image
To free Gazans of Hamas, use whatever it takes.
  • #102,443
  • Apr 8, 2020 8:18am Apr 8, 2020 8:18am
Quoting Jonhathan123
{quote} The newly opened transaction is returned as a result of TDI going nagative. What happened or did I install it wrong? {image}
Same issue as described in post#102,444.
Do you want to SELL M15 when H1 made recent green x red up???
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To free Gazans of Hamas, use whatever it takes.
  • #102,444
  • Apr 8, 2020 8:44am Apr 8, 2020 8:44am
long EURUSD
still hold GBPUSD,AUDUSD long trade.They all rebounce from golden line and 50 level.
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  • #102,445
  • Apr 8, 2020 8:51am Apr 8, 2020 8:51am
Quoting DrDave
{quote} Same issue as described in post#102,444. Do you want to SELL M15 when H1 made recent green x red up??? {image}
Agree. Some of the latest M15 trades posted here by Emmanuel contradicts to his many posts before.

I see at least 3 trades shouldn’t have been entered because of the higher time frame was not in alignment or they were right taken into a very near support or resistance area.

I am still waiting for clarification Emmanuel? If you take M15 entries and therefor have M15 Sl/TP settings of only little room to get slaughtered by a near conflicting S/R and not even look at the next higher time frame to be in alignment with the direction at least for the latest 1-2 H1 candles pointing to the same direction as you M15 entry you should be very caution to blame the M15 trades Tekkies posted which you criticized a lot for exactly the same reasons...
  • #102,446
  • Apr 8, 2020 10:23am Apr 8, 2020 10:23am
Quoting yokoten
{quote} Hi Samo. I'm not Emmanuel, but I think it means: ATR x2 = Risk in pips If I'm taking a short position at 1.00000 and ATR is 0.01000, my SL will be 1.02000.

thanks yokoten
  • #102,447
  • Apr 8, 2020 10:34am Apr 8, 2020 10:34am
Quoting amiralifx
{image} my today trade in audusd
tp 1 closed with +37 pips
  • #102,448
  • Apr 8, 2020 10:40am Apr 8, 2020 10:40am
Quoting emmanuel7788
{quote} hi samobeast first learn about the ATR here: http://forex-indicators.net/volatility-indicators/atr next, to follow the trading journey of Big E when he started like every newbie learning to trade spot forex, search the OP posts with keyword "ADR" and read all his posts. {image} I will post more on ATR and how it is use in TMS_V19 later.... but now I have to let my dog out for his daily thing.

Thanks a lot for your guidance
  • #102,449
  • Apr 8, 2020 3:14pm Apr 8, 2020 3:14pm
Quoting samobeast
{quote} Thanks a lot for your guidance

You are most welcome Samo.

Start posting charts and ask any questions you have. I will reply members who ask questions when they have set up their TMS_V19 for their own testing and leaning. This way you will learn faster. You will take years to become a proficient trader and enjoy financial freedeom.

Most of the people reading this thread now and seeing my posts using TMS_V19 have all missed the golden opportunity when this EA was started in that thread by SteveHopwood (link below) and when there were active members contributed to the development of TMS_V19.

https://www.forexfactory.com/showthread.php?t=292301
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,450
  • Apr 8, 2020 3:20pm Apr 8, 2020 3:20pm
Quoting emmanuel7788
Trading Hours - DISCIPLINE One of many discipline traders must have is to observe their own trading hours. We may miss some trade opportunities and that is normal and we must learn to accept as we treat trading as a business. For example: I have EURAUD setup to trade H1 and it 'missed' a trade setup because I have my trading hours set to trade daily from Tokyo Open till London Close only. {image}
Trading Hours - DISCIPLINE

You can set the trading hours for different currency pairs in TMS_V19

*** avoid trading during market hours when the liquidity is thin and your broker spread widens.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 Trading Hours.png Size: 20 KB


Study the TMS_V19 Manual for detailed explanation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,451
  • Apr 8, 2020 3:28pm Apr 8, 2020 3:28pm
Quoting lddd
{quote} Agree. Some of the latest M15 trades posted here by Emmanuel contradicts to his many posts before. I see at least 3 trades shouldn’t have been entered because of the higher time frame was not in alignment or they were right taken into a very near support or resistance area. I am still waiting for clarification Emmanuel? ///.
you need to be specific when you ask questions.

which "latest M15 trades posted here contradicts my many posts before"? Every TMS_V19 post has its reasons.

you see "I see at least 3 trades shouldn’t have been entered because of the higher time frame was not in alignment or they were right taken into a very near support or resistance area" tell me 3 trades and quoted them when I post them.

Going forward, you can ask any question by posting charts with TMS_V19 installed and you will get my answer quicker.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,452
  • Apr 8, 2020 3:29pm Apr 8, 2020 3:29pm
Quoting chye
long EURUSD still hold GBPUSD,AUDUSD long trade.They all rebounce from golden line and 50 level. {image} {image} {image}
"They all rebounce from golden line and 50 level."
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,453
  • Apr 8, 2020 3:36pm Apr 8, 2020 3:36pm
closed my another trade in audusd with +75 pips.

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  • #102,454
  • Apr 8, 2020 3:39pm Apr 8, 2020 3:39pm
Quoting lddd
{quote} Did anyone ever reported results running that EA on autopilot for more than a few weeks Emmanuel?
Yes.

between 2011 and 2014
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,455
  • Apr 8, 2020 3:50pm Apr 8, 2020 3:50pm
USDJPY Apr 08 M15

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Apr 08 no trades 9-4-2020 4-42-10 am.png Size: 48 KB


No trades today because TMS_V19 as your live market tutor will only trade with your "instructions' in its input parameters

- Seller

- Higher timeframe alignment.

which you as the trader must decide not the EA.

when you trade M15 which other higher timeframes do you want TMS_V19 to be aligned with? Your decision!

Attached Image


Study that TMS_V19 Manual.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,456
  • Apr 8, 2020 3:57pm Apr 8, 2020 3:57pm
EURGBP Apr 08 M15

trade closed +50pips.

this week : 2 winners, 1 loser.

***note Dynamic TDI entry

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Apr 08 M15 trade closed 9-4-2020 4-55-01 am.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,457
  • Apr 8, 2020 4:49pm Apr 8, 2020 4:49pm
Truth:

TMS_V19 is an EA and it does not focus on one timeframe.

Study the Manual.

Install TMS_V19 EA as your live market trading tutor.

go to these links and download the TMS_V19 Tools,

Manual
https://www.forexfactory.com/showthr...57#post5070757


Expert Advisor
download this version here:
https://www.forexfactory.com/showthr...87#post5079087

Don't be shy to ask questions and I know there are many different combination of those TMS settings. Setting up the EA to trade according to specific technical conditions require a thorough understanding of how the EA was coded. You can only forward test in live market to learn and benefit from it. There are some very good setup conditions in that EA which can be used to filter only the better trade setups and you won't be trading blindly the TDI green cross red. I will be posting lots of live charts examples for you.

Have Fun reading the TMS_V19 Manual. Remember ... read, study, learn and take notes of your own.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,458
  • Apr 8, 2020 6:05pm Apr 8, 2020 6:05pm
Quoting emmanuel7788
Higher timeframe alignment.
Check some of your latest M15 trades posted with TMS_V19 EA. Some of the charts entries you posted were not in alignment...

Also if you say "higher timeframe alignment" this is very subjective like many of the OPs posts. Try to be more specific. If you want to take a M15 buy signal what exactly do you want to see on your H1, H4?
  • #102,459
  • Apr 8, 2020 6:20pm Apr 8, 2020 6:20pm
Quoting lddd
{quote} Check some of your latest M15 trades posted with TMS_V19 EA. Some of the charts entries you posted were not in alignment... Also if you say "higher timeframe alignment" this is very subjective like many of the OPs posts. Try to be more specific. If you want to take a M15 buy signal what exactly do you want to see on your H1, H4?
@lddd

it is because those M15 trades do not use the higher timeframe check setting. the trade management exit strategy is very important if you have read and understood why the BREAKEVEN set to 20 pips with TP=50pips, SL=50pips. the TMS_V19 does not use price pullback of 15 to 20 pips to exit the way Big E would manage his trade exit. the other exit using TDI flat, hook back, cross back, etc are available in the input parameters.

please install the TMS_V19 and post charts.

I will explain how you can trade M15 and let that EA do the higher timeframe check before placing any trade.

It is a simple process if you follow the old 'yellow brick road' and make your buy only or sell only decision in that EA input.

Full description is in the EA Manual. Study that.

Use TMS_V19 only as your live market trading tutor .. to show you alerts according to your "instructions' which you create in your input parameters.

For example:
You let TMS_V19 monitor M15 and H1 and provide the alerts, but you decided on H4 earlier.

Attached Image


Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,460
  • Apr 8, 2020 6:40pm Apr 8, 2020 6:40pm
Quoting emmanuel7788
{quote} Trading Hours - DISCIPLINE You can set the trading hours for different currency pairs in TMS_V19 *** avoid trading during market hours when the liquidity is thin and your broker spread widens. {image} Study the TMS_V19 Manual for detailed explanation.
Trading Hours - DISCIPLINE

You can set the trading hours for different currency pairs in TMS_V19

Confusion, confusion, confusion, confusion, .....

Already I received several PMs on the trading hours settings.

First, the hour format is based on your local time and your trading PC time being the same.

Some have your trading in your VPS provider which may not be the same as your local time where you are located.

If you are running TMS_V19 in a VPS, know what the VPserver time is and use that time and be in sync with that.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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