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Trading Made Simple 151,880 replies

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

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Trading Made Simple(r)

  • #5,281
  • May 8, 2020 9:36am May 8, 2020 9:36am
Quoting Bluejay12
{quote} what about a MTF indicator mounted on 4h charts? like TDI ZZ set to 1440 mins (daily) and SR set to Daily {file} {file}
For me tdi indicator is useless, but it's just me. Others can make some money with it.. You need to find what works best for you. And other indicator I never used it and don't know the logic behind it.
For support and resistance I don't need indicators, I put it myself on charts. You can read Strat's thread about that.
  • #5,282
  • May 8, 2020 11:30am May 8, 2020 11:30am
Results for the week, the reason I am posting my results is just to show that this system can be profitable.

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Report 8 May.png Size: 68 KB
Trade Without Fear
  • #5,283
  • May 8, 2020 11:51am May 8, 2020 11:51am
Quoting Rubernet
Results for the week, the reason I am posting my results is just to show that this system can be profitable. {image}
Great results, how do you manage your lot amounts?
  • #5,284
  • May 8, 2020 4:15pm May 8, 2020 4:15pm
At the request of a member, here is the source code for "smTMMS Oscillator_v7.2"
Attached File(s)
File Type: mq4 smTMMS Oscillator_v7.2.mq4   22 KB | 998 downloads
  • #5,285
  • May 8, 2020 5:28pm May 8, 2020 5:28pm
Hello everyone, thanks to you I set the indicators and I will try to play consistently. I wish you good luck and thank you for your help once again!
Attached Image (click to enlarge)
Click to Enlarge Name: setup.png Size: 153 KB
  • #5,286
  • Edited 10:57pm May 8, 2020 8:22pm | Edited 10:57pm
Quoting Rubernet
Results for the week, the reason I am posting my results is just to show that this system can be profitable. {image}
Hi Rubernet,

There is no doubt this system that It is very profitable and simple , easy to follow.... . it is easy for traders who already knows TMS. If any one not traded on TMS, it is advisable please to read Big E PDF 3 times.

Rubernet, Your results summary shows potential and confidence about this system.

I wants to learn more from your trades, need to analyse your entry and exits by putting your trades on my own chart and understand more. and for this we need your last week trade history like i am attaching here. I traded purely based on 4HR time frame ( some time looked chart few minutes before and entered the trade even before closing the bar).

Once again thanks a lot for sharing this system.... and helping us

Have more green pips in coming week..

MK
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 154 KB
  • #5,287
  • May 8, 2020 10:17pm May 8, 2020 10:17pm
Quoting SwingMan
At the request of a member, here is the source code for "smTMMS Oscillator_v7.2" {file}
thank you very much Sir
  • #5,288
  • May 8, 2020 10:22pm May 8, 2020 10:22pm
Rubernet and Mkfx, awesome guys , you guys are inspirational for the new traders , thanks for sharing, glad to see RH is replying almost all questions , we are very fortunate to have RH , SwingMan and Emma here.

but I am still in training wheels , hope I can pickup some:

all the best to everyone

have a good weekend Cheers
  • #5,289
  • May 8, 2020 11:24pm May 8, 2020 11:24pm
Quoting Rubernet
Results for the week, the reason I am posting my results is just to show that this system can be profitable. {image}
Hi Rubernet
Good trading result. Could you share your own exit method ?
Thank
  • #5,290
  • May 9, 2020 12:15am May 9, 2020 12:15am
Quoting Sanhngo
{quote} Hi Rubernet Good trading result. Could you share your own exit method ? Thank
Hi Sanhgo

When the dot in the oscillator changes color, I exit. On page 1 RH explains a couple of ways to exit.
Trade Without Fear
  • #5,291
  • May 9, 2020 1:10am May 9, 2020 1:10am
Quoting Rubernet
{image}{image}{image}
Hi Rubernet.
Could you tell me how related between TMMS Oscilictor and TMO on your trade, cause i see some your entry when TMMS confirm and TMO not yet.
Thank
  • #5,292
  • May 9, 2020 1:20am May 9, 2020 1:20am
Quoting Rubernet
{quote} Hi Sanhgo When the dot in the oscillator changes color, I exit. On page 1 RH explains a couple of ways to exit.
I like this rule , I modified the settings slightly to make it a little smoother and back chart looks really nice going to put it in action starting Monday morning 4h charts .

do any of you guys do multiple entries ? Quick profit for one. Medium profit for next , let the 3rd entity ride out until opposite direction color ?
Or one single trade per signal only ?
  • #5,293
  • May 9, 2020 1:32am May 9, 2020 1:32am
Quoting Bluejay12
{quote} I like this rule , I modified the settings slightly to make it a little smoother and back chart looks really nice going to put it in action starting Monday morning 4h charts . do any of you guys do multiple entries ? Quick profit for one. Medium profit for next , let the 3rd entity ride out until opposite direction color ? Or one single trade per signal only ?
im tending to do this i enter in a quarter position to dip my toe into the trade.. i then add to winners and let losers go has been working well so far i was up 14% this week on the account.
  • #5,294
  • May 9, 2020 2:11am May 9, 2020 2:11am
Quoting dbsys
{quote} Choose another broker with normal open hours, normally new starts after NY close.
I have a "normal" normal broker. The question is : everybody posting 4H charts has "normal" broker?. Because I've noticed differences in signals if 4H candle close at different time.
Another question is do you usually check and open trades aground same time of the day?
Let's say 4H candles are created 6 times per day.Do you check every one of them?
Whether you think you can, or you think you can't,you're right. H.F.
  • #5,295
  • May 9, 2020 2:12am May 9, 2020 2:12am
Quoting Wyrebill
{quote} Fire 2 Brokers?
and why would I do that?
Whether you think you can, or you think you can't,you're right. H.F.
  • #5,296
  • May 9, 2020 2:16am May 9, 2020 2:16am
Quoting PhillipmC
{quote} im tending to do this i enter in a quarter position to dip my toe into the trade.. i then add to winners and let losers go has been working well so far i was up 14% this week on the account.
how often do you add on positions ? Every other dot going same way ? Every 3 dots ? Use a momentum turbo indicator to show strength ?
  • #5,297
  • May 9, 2020 2:29am May 9, 2020 2:29am
Quoting SwingMan
At the request of a member, here is the source code for "smTMMS Oscillator_v7.2" {file}
Thank you very much SwingMan
  • #5,298
  • May 9, 2020 3:14am May 9, 2020 3:14am
Dear RobinHood,

first I want to thank you very much for all your input and help here on your thread. I`m coming from a long journey of strategies and systems and what not. I`m reading your thread step by step for 6 days right now. It gets clearer day by day.

I have a question regarding stop loss orders on Oanda because I saw that you use it too for forex. This is important for my mind when changing to the 4 hour chart.

If I set a stop loss in Mt4 platform, will this stop still be valid and executable with Oanda when I close my computer for bedtime or say when I will loose internet connection? Or do I have to run the MT4 system 24 hours when in a trade? I`m from Europe and using v20 live 5 account. I also asked Oanda but sad I got no clear answer.

Maybe you have an advice or practical expierence for this matter. I`m still not trading and learning and forward checking your trading specials to get use to it.

Thank you very much in advance and take good care in this times.

All the best
flower7
  • #5,299
  • May 9, 2020 3:25am May 9, 2020 3:25am
Quoting Sanhngo
{quote} Hi Rubernet. Could you tell me how related between TMMS Oscilictor and TMO on your trade, cause i see some your entry when TMMS confirm and TMO not yet. Thank
Hi Sanhngo

It is part of my confirmation exercise. Firstly it is important that you understand how the PMO indicator works, lot of info on google. Important to note, momentum leads price, trading starts a the 1 min chart. With that in mind I flip back to the 1 hr chart to see if the PMO indicates in my favor to trade, thereafter. I will confirm some more possible obstacles and if all favorable I trade. But as we all know you can have a high probability trade setup and then the trade turns against you, why, because anything can happen.

Do a bit of back testing, where the PMO is not favorable the trade usually fails.

Hope this answers your question, also important to note, with this system I am day trading and favorable trades usually last for 3 - 4 days. RH has also mentioned a couple of jewels in this thread.

Enjoy your trading
Trade Without Fear
  • #5,300
  • May 9, 2020 7:34am May 9, 2020 7:34am
Still new here and still got a lot to learn but so far so good!

Here are my results for this week with this strategy

Really happy with them overall but next week I'm going to try and let them run a little longer and try stick to the 4 hr charts. I tend to keep checking every hour atm.
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