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Trading Made Simple

  • #102,521
  • Apr 9, 2020 3:33pm Apr 9, 2020 3:33pm
Quoting Tekkies
{quote} Nothing has changed Iddd, still trading like I did yesterday, last week, last month. Only now: - trade from crossover to crossover - at begin of crossover bar when green is visible on the other side of red with angle above / below 2 / 4 - Target for 10 pips, and let the trade run after that. - Don't start with SL or TP > Always BE + spread. If I see price moves against trade I close trade with a loss. - Don't have a trading plan --- Total crossovers between 06H00 to 20H00 is the number of trades per day. You know the chart by now. (Best...
Ok. But you still not wait for a M15 candle to close if TDi green/red crossing over. So you enter when ever you see green on the other side of red, even if the candle is not closed and can easily pull back until it’s closed making that cross over become invisible at close but you already in then...

if you close a trade entered going against you what criteria do you have for closing the trade manually? Like momentum not picking up and price starts consolidating instead of making a move in your direction, price going drastically against you (if so then how many pips you wait before closing it).

And what if a trade is not going against you but the momentum is not picking up and price consolidating there which could maybe go on for hours or even longer. Do you leave such trade open and giving it a chance to play out or you just close it at break even or a loss.
  • #102,522
  • Apr 9, 2020 8:34pm Apr 9, 2020 8:34pm
Hi Folks

I get many PMs asking me for my set files for the TMS_V19 EA.

Therefore I repeat this:
There is no generic set file for TMS_V19. This EA is not a auto-trading robot. You need to decide on how you want to trade using the TMS 5-Method and set up the EA with the correct parameters and run the EA. Use this EA to teach you what the trade setups conditions are and how it will take the trades and manages the trades. There a lots of different trade setup conditions which you have to decide on and let the EA trade in live market conditions and you observe and learn.

It is important that you first learn what is Trading Made Simple and how the OP traded his 5-Method in his old thread before he moved the discussions to this new thread.

Therefore I feel it is better you learn how the TMS_V19 work by forward testing for a few months and do as many trades as possible and learn from this practice in live market.

Update for Friday Apr 10 and Monday Apr 13

Trading today and on Monday when most markets are closed we need to adjust to the market type conditions.
Expect and plan for trading in lower market liquidity and small range trading.
The recent ATR for example the recent 5 days may not be effective to gauge the volatility. Use a longer period for example 100 days and compare.
Exit management is very important other than the use of SL and TP settings.
Trading the M15 short term, consider the other Trade Closure options available in your Ea TMS_V19.

AUDUSD Apr 10 M15 Tokyo Open

use 'stricter' setup conditions top pick trades today.
and to avoid those 'iffy' setups.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD4-10---3-9 Apr 10 Tokyo Open.gif Size: 35 KB


consider other Trade Closure signals, for example - the HA candle colour change with combination of Candlestick Trailing Stop.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 Trade Closure Signals.png Size: 53 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TMS_V19 Trade Management settings Apr 10.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,523
  • Apr 9, 2020 9:26pm Apr 9, 2020 9:26pm
Quoting lddd
{quote} Ok. But you still not wait for a M15 candle to close if TDi green/red crossing over. So you enter when ever you see green on the other side of red, even if the candle is not closed and can easily pull back until it’s closed making that cross over become invisible at close but you already in then... if you close a trade entered going against you what criteria do you have for closing the trade manually? Like momentum not picking up and price starts consolidating instead of making a move in your direction, price going drastically against you...
wait
-- M15 it is better to wait for crossover.
-- H1, wait for M15 to cross over and place the trade when green is about to crossover (last few minuets before bar close).
closing the trade manually?
-- if loss is >= $$$$. How big $$$$ is will depend on you and what you can afford to lose on a bad trade.
price consolidating
- If can: move SL to BE and wait.
- if not: close trade with small profit / loss. (Even one point (R0.01 profit) is better then nothing.
-- Iddd this is where post#647 come in and tell you what to do. You look at the chart and go with what you feel is right. When you follow the same set of rules day in / day on the same pair / time-frame, you sort of starting to develop a mental crystal ball where the market is going.
Think of driving a car, after 2 years you listen to the engine, and change gear with out thinking much about it.
I don't know about these new car's, you can't hear nothing.
  • #102,524
  • Apr 9, 2020 9:32pm Apr 9, 2020 9:32pm
Quoting emmanuel7788
Hi Folks I get many PMs asking me for my set files for the TMS_V19 EA. Therefore I repeat this: There is no generic set file for TMS_V19. This EA is not a auto-trading robot. You need to decide on how you want to trade using the TMS 5-Method and set up the EA with the correct parameters and run the EA. Use this EA to teach you what the trade setups conditions are and how it will take the trades and manages the trades. There a lots of different trade setup conditions which you have to decide on and let the EA trade in live market conditions and you...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD4-10---3-9 Apr 10 Tokyo Open.gif Size: 35 KB


AUDUSD Apr 10 M15 Tokyo session

Close sell position.

Open Buy same 'strict' TMS 5-Method technical conditions in TMS_V19.
1) HA PA above 5EMA
2) use Candle Pattern #2 and #3
3) TDI slope above defaul value 4.0
4) Stoch slope above default value 5.0

***Do Not trade blindly following M15 TDI crossover to crossover.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Apr 10 M15 open buy 10-4-2020 10-23-58 am.png Size: 141 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,525
  • Apr 9, 2020 9:52pm Apr 9, 2020 9:52pm
EURAUD Apr 09 H1 POMO

I was watching this yesterday but missed the trade opportunity.

TMS_V19 will not trade Master Candle breakouts.

But when you follow the PA of the HA candles with its 5EMA, you will see the technical reason why there was no trade with candle# 9 and candle #10.

This is when you as the TMS trader need to decide on your own to trade manually based on your knowledge and experience using Post#647
- do not trade when PA is in consolidation. Master Candles are consolidation range market type conditions.
- Master Candle High-Low are support and resistance i.e. the High-Low of its range
- check the H4 and D1 'trends' or swings.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Apr 09 H1 POMO 10-4-2020 10-40-12 am.png Size: 81 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,526
  • Apr 9, 2020 11:03pm Apr 9, 2020 11:03pm
Quoting emmanuel7788
{quote} {image} AUDUSD Apr 10 M15 Tokyo session Close sell position. Open Buy same 'strict' TMS 5-Method technical conditions in TMS_V19. 1) HA PA above 5EMA 2) use Candle Pattern #2 and #3 3) TDI slope above defaul value 4.0 4) Stoch slope above default value 5.0 ***Do Not trade blindly following M15 TDI crossover to crossover. {image}

AUDUSD Apr 10 M15 trade Update:

close the Buy position as price is in another consolidation ... 'M15 Master Candle'.

turn-off the morning trading hours now and wait till Frankfurt open then decide.

Note: the number of winners vs losers. Make sure your winners in pips & $dollars are greater than your losers in pips & $dollars. This important when you want to become a Super Trader.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Apr 10 M15 trade updae closed 10-4-2020 11-56-17 am.png Size: 55 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,527
  • Apr 10, 2020 12:37am Apr 10, 2020 12:37am
Excuse me Emmanuel, may I ask for the indicators and the template you are using? I used this one from one of your post, but it seems its a different one. Thank you.
Attached File(s)
File Type: rar Indicators.rar   74 KB | 636 downloads
File Type: rar templates.rar   5 KB | 514 downloads
I will do my best!
  • #102,528
  • Apr 10, 2020 1:30am Apr 10, 2020 1:30am
Quoting FXShoujo
Excuse me Emmanuel, may I ask for the indicators and the template you are using? I used this one from one of your post, but it seems its a different one. Thank you. {file} {file}
Hi FXShoujo

I think you are very late to this thread.

if you are referring to my most recent posts, then these links maybe what you are looking for.

then this Post# 102,339
are the indicators I use.
https://www.forexfactory.com/showthr...2#post12859772

and

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 you have many. Setting up your charts and load 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
  • #102,529
  • Apr 10, 2020 1:34am Apr 10, 2020 1:34am
EURAUD Apr 10 H1 trade

TMS_V19 did not signal any setup so I took the setup manually.

TMS_V19 will manage trade opened manually...

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Apr 10 H1 sell 10-4-2020 1-03-19 pm.png Size: 42 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Apr 10 H1 trade update BE 10-4-2020 2-31-07 pm.png Size: 43 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,530
  • Apr 10, 2020 1:43am Apr 10, 2020 1:43am
Quoting emmanuel7788
{quote} AUDUSD Apr 10 M15 trade Update: close the Buy position as price is in another consolidation ... 'M15 Master Candle'. turn-off the morning trading hours now and wait till Frankfurt open then decide. Note: the number of winners vs losers. Make sure your winners in pips & $dollars are greater than your losers in pips & $dollars. This important when you want to become a Super Trader. {image}

AUDUSD Apr 10 M15

what did I miss?

Price Action breakout of the M15 Master Candle range.

But the breakout was not a signal by TMS_V19...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Apr 10 M15 MC breakout.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,531
  • Apr 10, 2020 1:51am Apr 10, 2020 1:51am
Quoting emmanuel7788
{quote} AUDUSD Apr 10 M15 what did I miss? Price Action breakout of the M15 Master Candle range. But the breakout was not a signal by TMS_V19... {image}
Why didn't you move your trade to BE rather than close it?
Success means going from failure to failure without loss of enthusiasm
  • #102,532
  • Apr 10, 2020 3:09am Apr 10, 2020 3:09am
Quoting emmanuel7788
{quote} AUDUSD Apr 10 M15 trade Update: close the Buy position as price is in another consolidation ... 'M15 Master Candle'. turn-off the morning trading hours now and wait till Frankfurt open then decide. Note: the number of winners vs losers. Make sure your winners in pips & $dollars are greater than your losers in pips & $dollars. This important when you want to become a Super Trader. {image}
Oh ok I've just noticed your notation on the chart, as you know though, spread is irrevelant when you already have a buy in.
Success means going from failure to failure without loss of enthusiasm
  • #102,533
  • Apr 10, 2020 3:48am Apr 10, 2020 3:48am
Quoting Tekkies
{quote} Nothing has changed Iddd, still trading like I did yesterday, last week, last month. Only now: - trade from crossover to crossover - at begin of crossover bar when green is visible on the other side of red with angle above / below 2 / 4 - Target for 10 pips, and let the trade run after that. - Don't start with SL or TP > Always BE + spread. If I see price moves against trade I close trade with a loss. - Don't have a trading plan --- Total crossovers between 06H00 to 20H00 is the number of trades per day. You know the chart by now. (Best...
Wow Tekkies, 14-hour days... I should get my lazy ass off the couch!
  • #102,534
  • Apr 10, 2020 4:09am Apr 10, 2020 4:09am
Quoting yokoten
{quote} Wow Tekkies, 14-hour days... I should get my lazy ass off the couch!
Careful.
Some days are only 1 hour, other days are 28 hours.
You trade the hours you want and when you want.
It all depends on the TDI crossover.
Use / Find a TDI with a alert function.
One pair can be like this:
M15 > sometime the alert won't sound for a hour or two
H1 > sometime four / five hours with out a alert.
H4 > can be the whole day without a alert
D1 > (I don't trade) can be a week or weeks.
The more pairs are traded, more alert's are sounded
  • #102,535
  • Apr 10, 2020 7:02am Apr 10, 2020 7:02am
Quoting emmanuel7788
EURAUD Apr 10 H1 trade TMS_V19 did not signal any setup so I took the setup manually. TMS_V19 will manage trade opened manually... {image} {image}

EURAUD Apr 10 H1 trade closed.

BE+6pips

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Apr 10 H1 trade closed BE 10-4-2020 4-30-38 pm.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,536
  • Apr 10, 2020 7:05am Apr 10, 2020 7:05am
There is nothing to trade so close shop for this week.

But let TMS_V19 alert running but no trading.

You will get email alert when TMS_v19 will monitor all your trading charts according to your 'instructions' in the input parameters.


Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,537
  • Apr 10, 2020 7:27am Apr 10, 2020 7:27am
Quoting lddd
{quote} So what is your EA setting for „Trend Period“ on sending M15 alerts. As far as I can see you can only set it to one TF, so either H1 or H4? What does the 2/8 stands for?

both the TMA "Trend Period" and the Trend 2/8 are not used when trading TMS 5-Method.

Trend 2/8 is explained in the Manual. It is useful when you trade the Daily chart.

A lot of the add-on features to that EA were discussed in that SteveHopwood thread.
https://www.forexfactory.com/showthread.php?t=292301
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #102,538
  • Apr 10, 2020 6:56pm Apr 10, 2020 6:56pm
Quoting Tekkies
{quote} wait -- M15 it is better to wait for crossover. -- H1, wait for M15 to cross over and place the trade when green is about to crossover (last few minuets before bar close). closing the trade manually? -- if loss is >= $$$$. How big $$$$ is will depend on you and what you can afford to lose on a bad trade. price consolidating - If can: move SL to BE and wait. - if not: close trade with small profit / loss. (Even one point (R0.01 profit) is better then nothing. -- Iddd this is where post#647 come in and tell you what to do. You look at the...
Thanks for the answers!
  • #102,539
  • Apr 10, 2020 7:35pm Apr 10, 2020 7:35pm
Quoting emmanuel7788
{quote} both the TMA "Trend Period" and the Trend 2/8 are not used when trading TMS 5-Method. Trend 2/8 is explained in the Manual. It is useful when you trade the Daily chart. A lot of the add-on features to that EA were discussed in that SteveHopwood thread. https://www.forexfactory.com/showthread.php?t=292301
Ok, thanks.

I have another question, not sure if this has been ever discussed here.

How do you adapt to changing market conditions? As there is no way to produce reliable backtests due to the indicators problematic do you have any kind of data from your long term results of trading this strategy in lower and higher volatile conditions?

I know you gave me some data for EUR/USD a couple of weeks before where ADR was rather low than normal and the results were not as good.

If not even the OP could backtest the strategy how can people actually know this strategy will have any kind of edge in the long run?

So it’s more like such edge will come from doing the right things at the right time, filtering out a lot of bad trades, pre-select only trending markets before placing trades and if trading intraday picking only markets showing at least a high ADR for the last weeks?
  • #102,540
  • Apr 10, 2020 8:08pm Apr 10, 2020 8:08pm
Quoting emmanuel7788
TMS_V19 Q&A Indicators required in your MT4 folder. There are 3 custom indicators required ib the EA for its calculations. It is important that your have these indicator filenames correct (***note1 the underscore in use) 1) Synergy_APB 2) TMS-Osc Histo 3) Traders_Dynamic_Index ***note1 also note that there are two different versions of this TDI, one dated back 2006 and the other newer 2007/2008. the other indicators are standard ones available in your MT4. 4) Stochastics (8,3,3) 5) 5EMA Typical Price, Shift+2 The EA does not required the above indicators...

TMS_V19 Q&A

I am still getting a few PMs asking me which is the correct TDI version to use when running the TMS_V19 EA.

First, there is no correct or wrong version. There are only two versions I mention in the above post which you can use. The trading results will be different anyway depending on your input parameters in the EA settings.
If you decide to use the TDI Red Green from Post#25 (candle close update) , then you simply make a copy of it and rename to the file name Traders_Dynamic_Index.
If you want to use the real-time updating version (TDI_RT), do the same make a copy and rename to the file name Traders_Dynamic_Index.

Read this Sep 2011 Post #913 by the EA owner seller9 in the SteveHopwood thread.
https://www.forexfactory.com/showthr...16#post4933416

***IMPORTANT***
The filename is very important because the EA uses iCustom function to read the actual data from Traders_Dynamic_Index indicator.

Know the difference between "Static" and "Dynamic" entry.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS V19 #913 seller9 11-4-2020 8-53-49 am.png Size: 100 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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