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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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Trading Made Simple

  • #103,381
  • Apr 29, 2020 6:25pm Apr 29, 2020 6:25pm
Quoting emmanuel7788
TMS Monitor Apr 29 H4 2AM GBPCAD looks good for a bounce trade. sell at 2AM ... close trade at 6AM... {image} {image}

GBPCAD Apr 29 H4 trade closed.
+18 pips
Close when price pulled back before the 6AM candle. Price did move 66pips but pulled back when NY open.
If I had waited till the next H4 candle ... the 6AM .. could have made more pips.
Missed some pips but that's the DISCIPLINE in following some rules of the OP trading 10PM, 2AM and 6AM H4 candle period.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD Apr 29 H4 trade closed 30-4-2020 7-19-27 am.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,382
  • Apr 29, 2020 6:41pm Apr 29, 2020 6:41pm
Quoting mkfx
{quote} Hi Emmanuel, I have this TMS Monitor but it is updating the c-slop and recommendation even in before closing the bar. My update mode is 1, It is due to this code. Thanks
Quoting emmanuel7788
{quote} Hi MKFX The UpdateMode =1 is correct. It is the TDI version you have in your folder. Go to this Post#193 and follow that installation. https://www.forexfactory.com/showthr...68#post8753868
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Apr 29 H4 2AM 29-4-2020 5-01-13 pm.png Size: 21 KB


Just to add,

the Recommendation is based on several of the conditions hence it will update when those conditions changes.
one of the condition is the HA candle status and the HA/5EMA status which is updated on every tick.

but the C-Slope using the TDI Red Green will only update at the Close price of that bar/candle and will not be updated on every tick.
However, your MT4 can refresh due to your internet connection disruption or effect of your PC 'throttling'.

You trade decision should always be based on what you see on your trading chart. The TMS Monitor gives an overall of your trading pairs and the alerts you choose.

below is my TMS Monitor after 3 hours and notice any of the changes in the two images - above and this one below,


Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Apr 29 H4 update rem21-4729-4-2020 8-38-14 pm.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,383
  • Apr 29, 2020 6:52pm Apr 29, 2020 6:52pm
Just ask your self why the author of this topic did not simply attached a history of his brokers account showing all his TMS trades after describing his successful strategy/method/system on Post 1.

He could have even anonymizes his brokers name, account name, equity, withdrawals if afraid of publishing personal details.

This would have cost just one mouse click to export the trade summary and one of two more clicks making it available here.

People like me could have studied his trades instead of having to deal with thousands of following posts without even knowing that there is a positive expectancy.

Same with every single other topic i see on this forum under the systems section.

They all have egos bigger than the Mount Everest and have no problems with posting day in day out here, giving you comments and explaining you their holy grail strategies.

Not ONE of them is providing a transparent report of their success on post 1.

Now if you would have tested a strategy for 1-2 years and did find out you have success with it, why do you would have a problem presenting it by showing each of the trades entry and exit price levels?

This would say more than a thousands of written words...

You could actually close down 99% of the topics after post 1.

So what do you think, what might be the reasons for it?
  • #103,384
  • Edited 9:23pm Apr 29, 2020 8:30pm | Edited 9:23pm
Quoting lddd
Just ask your self why the author of this topic did not simply attached a history of his brokers account showing all his TMS trades after describing his successful strategy/method/system on Post 1. He could have even anonymizes his brokers name, account name, equity, withdrawals if afraid of publishing personal details. This would have cost just one mouse click to export the trade summary and one of two more clicks making it available here. People like me could have studied his trades instead of having to deal with thousands of following posts without...
You realize showing broker history's doesn't explain why they took any trade or extenuate the concept behind a system in anyway?
This in the Trading Systems category, the charts and examples show the nuance of the system. Trading will never be as easy as 1+2=3

Anyone smart enough to trade can clearly see the merits of this system and why it will make you money
I think you are looking for something else my friend
its just a script. join the club
  • #103,385
  • Apr 30, 2020 12:06am Apr 30, 2020 12:06am
TMS Monitor Apr 30 10PM H4

EURJPY sell

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Apr 30 10PM 30-4-2020 1-02-45 pm.png Size: 63 KB


check again in 4 hours!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,386
  • Apr 30, 2020 3:06am Apr 30, 2020 3:06am
Quoting lddd
Just ask your self why the author of this topic did not simply attached a history of his brokers account showing all his TMS trades after describing his successful strategy/method/system on Post 1. He could have even anonymizes his brokers name, account name, equity, withdrawals if afraid of publishing personal details. This would have cost just one mouse click to export the trade summary and one of two more clicks making it available here. People like me could have studied his trades instead of having to deal with thousands of following posts without...
To both your post's.
----
If you tell me where to find a mentor that can show me how to trade this strategy backed by proven facts in terms of a longer term successful track record where I could study each of his trades, yes maybe then it would be a help otherwise I don’t think so.
----
You got a mentor === TDI indicator.
You got a strategy backed by proven facts === TDI crossover
You can study each of TDI trades (from crossover to crossover)
Dzap nailed it with: "doesn't explain why they took any trade or extenuate the concept behind a system"
Has previously posted: Where trade A see profit, trader B see loss, trader C see breakeven, trader D no trade, trade E........ put your own reason.........
TDI is impersonal, only does what it does and that is what price does.

Don't refresh / restart / disconnect internet for MetaTrader.
Run TDI for every pair that you want to trade for a day / week / month / year.
-- You will have "proven facts in terms of a longer term successful track record" of TDI.
-- You will see "each of the trades entry and exit price levels" by TDI.

What you need to do is to study what TDI have showed you, not what a trader thinks what TDI showed him.
You don't need to study how a other trader understand TDI crossover with post#647.

You need to study how you understand TDI crossover with post#647.

what might be the reasons for it?
They want you to do your own homework.
----------
Dzap: I think you are looking for something else my friend.

Take note of the word: YOU
  • #103,387
  • Apr 30, 2020 3:10am Apr 30, 2020 3:10am
Let me offer this...

The only way for me to get out of this hole is for me to dig my way out!

Sometimes we need to take a break and re-examine our logic.
To free Gazans of Hamas, use whatever it takes.
  • #103,388
  • Apr 30, 2020 3:27am Apr 30, 2020 3:27am
Quoting Tekkies
{quote} ---- You got a mentor === TDI indicator. You got a strategy backed by proven facts === TDI crossover You can study each of TDI trades (from crossover to crossover) TDI is impersonal, only does what it does and that is what price does. Don't refresh / restart / disconnect internet for MetaTrader. Run TDI for every pair that you want to trade for a day / week / month / year. -- You will have "proven facts in terms of a longer term successful track record" of TDI. -- You will see "each of the trades entry and exit...
No need to even worry about refreshing charts. Simply take screen captures. There are screen capture EAs or scripts. I am sure if one does not exist that will automatically take a capture at a set interval that one can be coded.
Of course, you can manually make captures at whatever interval you want.

Or, if you have plenty of drive space, use a video capture application like OBS Studio, Camtasia Studio, Filmora Scrn, Debut Screen Recorder, and on and on... Then you will have the REAL TIME view of everything on the screen to study at your leisure.

Then you will have a shipload of material to work with.
To free Gazans of Hamas, use whatever it takes.
  • #103,389
  • Apr 30, 2020 4:29am Apr 30, 2020 4:29am
Quoting emmanuel7788
TMS Monitor Apr 30 10PM H4 EURJPY sell {image} check again in 4 hours!
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Apr 30 10PM 30-4-2020 1-02-45 pm.png Size: 63 KB


TMS Monitor Apr 30 2AM H4

EurJpy ... that TDI re-painted during the 4 hours 10PM till 2AM.

and when that 10PM H4 closed, the TDI updates to show very steep slope because of that Bullish Engulfing Outside Bar/candle... big candle!

compare the chart above and this new chart below

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Apr 30 2AM 30-4-2020 5-00-44 pm.png Size: 67 KB


next we check again in 4 hours ... the 6AM H4 candle time

there is red news today!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,390
  • Apr 30, 2020 4:54am Apr 30, 2020 4:54am
GBPUSD Apr 30 Trading Daily chart with M5 entry.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD4-30---0-25.gif Size: 32 KB


TMS_V19 does the trade management using CandleStickTrailingStopm on M5

move the initial SL to BE then each subsequent M5 HA candle close to lock in more profits.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr 30 M5 CSTSL update 30-4-2020 5-50-05 pm.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,391
  • Edited 6:07am Apr 30, 2020 5:32am | Edited 6:07am
Quoting lddd
Just ask your self why the author of this topic did not simply attached a history of his brokers account showing all his TMS trades after describing his successful strategy/method/system on Post 1. He could have even anonymizes his brokers name, account name, equity, withdrawals if afraid of publishing personal details. This would have cost just one mouse click to export the trade summary and one of two more clicks making it available here. People like me could have studied his trades instead of having to deal with thousands of following posts without...

hi lddd

You are right and you are NOT the only one here. Many people have tried and they moved on.

Big E did not post any of his trading results except a few trading charts where he showed when he open trades.
His period of live trading here is Forex Factory is also not very long. For example, in his old thread - started in Dec 2009. Then he moved to this new Trading Systems thread in Apr 2011 and he stopped posting in Oct 2011 same year. This overall period from Dec 2009 to Oct 2011 is less that 2 years and in my opinion, any thing less than 36 months trading is of not use. A trading system must be able to trade in various market conditions and it can only show how robust a trading system is over a longer periods trading in the markets. A good measure is 3 to 5 years continuous trading.

If you followed his trading journey starting in Dec 2009, he was very enthusiastic after he attended Craig Harris seminars and it was during the same period when he subscribed to Dean Malone' Synergy system. He was a very new forex trader and full of enthusiasm like many newbies usually are.
But knowing that Eric was a stock market trader for about 10 years, he was quite seasoned to being a trader during that period 1990s up to the big crash 2007/2008.

About how Eric traded his TMS 5-Method, he was not a rule-based system trader. He was a rule-based discretionary trader who often did not follow 100% of his own method/system rules. Many people were confused by some of his posts and they have given up.
If Eric was profitable in that short period 2009 to 2001, then he belongs to that rare rule-based discretionary traders group.
https://www.facebook.com/notes/marco...4773496933157/

Once you understand the 5-Method trading methodology and you need to move on to develop your own trading systems for different market type conditions which fits you and your life style and most important your temperament, then that would be right to look for a suitably qualified coach and mentor. Over the last 30 years, I had looked up to different traders to be my coach / mentor and including one of the market wizards mention in Jack Schwager' book Market Wizards. That one was my biggest disappointment. You need to find that coach/mentor and that is no guarantee that you will achieve your dreams.

Hope this help you decide and to move on.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,392
  • Apr 30, 2020 6:32am Apr 30, 2020 6:32am
Is this another of TDI hindsight trading?

Inserted Video


A lot of TDI expert traders on the world wide web.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,393
  • Apr 30, 2020 6:52am Apr 30, 2020 6:52am
Quoting emmanuel7788
GBPUSD Apr 30 Trading Daily chart with M5 entry. {image} TMS_V19 does the trade management using CandleStickTrailingStopm on M5 move the initial SL to BE then each subsequent M5 HA candle close to lock in more profits. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr 30 M5 CSTSL update 30-4-2020 5-50-05 pm.png Size: 53 KB


GBPUSD Apr 30 trade update

last trade got stopped out by the CSTSL

and did a re-entry and now at BE+

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD Apr 30 re-entry 30-4-2020 7-49-40 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,394
  • Apr 30, 2020 7:17am Apr 30, 2020 7:17am
Quoting lddd
{quote} No Tekkies. My account grows for already more than 2 years now but still I wouldn’t say I have any clue what I am doing, it could be based on pure luck or cutting losing trades very short. When I talk about right or wrong I did mean, how a mentor could help if there is no right or wrong that can be backed by statistical data regarding to specific technical analyses details it self. A teacher in school can tell you 1+2=3, and you listen to him because you know his „science“ is backed by proven facts. If you tell me where to find a mentor...
I haven't been to this thread for a while, but I have to say that you seem to be still suffering the very same dilemma that you were months ago. I remember mentioning to you that there simply isn't a system/method that is so mechanical (as you seem to be insisting upon) that it can be a "1+2=3" equation. There is always a degree of discretion involved in each and every system/method. If that were not the case, this market would have ceased to exist years ago!!

My 5c worth says that either you accept that you absolutely need to learn how to read the market and how to use a system/method to assist you in your decisions, or else accept that manual FX trading just isn't for you. And if you make such a decision, then it's nothing to be ashamed of, indeed it's something to be proud of because pigheadedness in this business is a road to ruin.

A lot of people here 'talk the talk' and try to teach people how to trade someone else's system/method, but they can't 'walk the walk' when you put it on them to back up their talk with a live TE! And yes, Big E also fell into that category, so did I with Genesis method, but of course Big E is gone so he can't address that issue, and I closed Genesis thread about 6 years ago, so I can't go back either! I don't trade this method or Genesis as I have developed another way to trade which I will not share.

So imo, it's time for you to make the decision as to whether you're going to accept that you have to trade with a degree of discretion, which will come with experience that (respectfully) I don't believe you currently possess, or, decide that manual FX trading isn't for you and to move on to greener pastures.

Best of luck to you.
RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #103,395
  • Apr 30, 2020 7:32am Apr 30, 2020 7:32am
EURGBP Apr 30 D1 trading with M5 entry

the last trade got stopped out by the CSTSL.

Now M5 gives a new sell setup

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP Apr 30 D1 w M5 entry 30-4-2020 8-29-18 pm.png Size: 89 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #103,396
  • Apr 30, 2020 8:13am Apr 30, 2020 8:13am
Quoting realjumper
{quote} I haven't been to this thread for a while, but I have to say that you seem to be still suffering the very same dilemma that you were months ago. I remember mentioning to you that there simply isn't a system/method that is so mechanical (as you seem to be insisting upon) that it can be a "1+2=3" equation. There is always a degree of discretion involved in each and every system/method. If that were not the case, this market would have ceased to exist years ago!! My 5c worth says that either you accept that you absolutely need to learn how...
'talk the talk' / 'walk the walk' and "Big E also fell into that category, so did I with Genesis method"
----
Like Iddd posted: few clicks and a member's TE can be viewed by all. What purpose will that solve?
----
BigE opened his TE with (let's say) 2000 trade's, Profit 4.10, Sharp Ratio 2.5.
- OP can trade his method.
- Proved that the method is profitable.
- Other reasons..........
--------
Negative side of TE.
- Davit (Pivot Trading) and the backlash he suffered with his TE, (can recall David closed his thread for awhile).
- Emmanuel suffer for those TE's he has opened.
-------
Now a newbie comes along and blow account after account based on an TE by the OP / member.
- OK newbie did not look at start date / Nr of trades, Sharp Ratio, because only looked at Profit% (his eyes glazed over) and saw only $$$$$$
- Jump to last page ask for "Just joined today -- What? Are the settings for the TDI indicator you like? Thanks!"
------
Question: Must the method prove itself by the member who use it or must the method been proved by the OP.
Attached Image (click to enlarge)
Click to Enlarge Name: jmnhb.PNG Size: 25 KB
  • #103,397
  • Apr 30, 2020 8:30am Apr 30, 2020 8:30am
Quoting Tekkies
Question: Must the method prove itself by the member who use it or must the method been proved by the OP. {image}

If you want to learn how to build a house for you and your family to live in, would you like to spend thousands of hours learning structural engineering from someone who can prove that they know how to build houses......or someone who can merely talk the talk?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #103,398
  • Apr 30, 2020 9:37am Apr 30, 2020 9:37am
Is it me or are weekly/daily pivots bullshit?

I've since stop using them to take trades off and instead started using price structure and am doing significantly better. I notice a pivot blocking the trade will often repel it, but as far as taking actual trades off them I don't find useful.

I used to take trades off of pivots in another system as well back in the day, and they literally worked like 1 in 3 times
  • #103,399
  • Apr 30, 2020 11:23am Apr 30, 2020 11:23am
Quoting DrDave
{quote} No need to even worry about refreshing charts. Simply take screen captures. There are screen capture EAs or scripts. I am sure if one does not exist that will automatically take a capture at a set interval that one can be coded. Of course, you can manually make captures at whatever interval you want. Or, if you have plenty of drive space, use a video capture application like OBS Studio, Camtasia Studio, Filmora Scrn, Debut Screen Recorder, and on and on... Then you will have the REAL TIME view of everything on the screen to study at your...
What about NinjaTrader and a TDI, I think you can re-play the markets on a tick by tick base, so you could backtest certain times you like even on the weekend where Demo trading is not possible because markets are closed.

Forward testing always takes a lot of time before you actually have enough data to work with.

I am also not sure why there is no TDI indicator that works like it does under live market conditions so you could run this through X months or years through the MT4 strategy tester without getting results that are adulterated.
  • #103,400
  • Apr 30, 2020 11:36am Apr 30, 2020 11:36am
Quoting Dzap
{quote} You realize showing broker history's doesn't explain why they took any trade or extenuate the concept behind a system in anyway? This in the Trading Systems category, the charts and examples show the nuance of the system. Trading will never be as easy as 1+2=3 Anyone smart enough to trade can clearly see the merits of this system and why it will make you money I think you are looking for something else my friend
I was not questioning the why. Read carefully what I did write. The why is explained by his posts but that’s not my problem.

If you might be smart enough to see at a glance the systems or strategies having a positive expectancy over a few hundred trades, well good you.

I can’t see this. So tell me how you did see it if backtesting TDI entries and exists are not accucate because of the indicators would have performed differently than they do live?

Go back on some charts for M15 and take every TDI cross over and as by the rules for 1 month and you will see it’s not even a 50% chance to end up positive even with taken every setup according to the rules.

i did that for EU, GU and some other of the major currencies pairs and didn’t get a better win rate than about 30-40%. Now you might be able to still come out positive with a 40% win rate but only if wins would have been larger than your SL for each trade which I also could not find.

Maybe its it’s different for H4 or the Daily but definitely not for M15.
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