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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

  • #104,201
  • May 18, 2020 8:06am May 18, 2020 8:06am
TMS Monitor May 18 H4

nothing at 10PM and 2AM but now 6AM

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now 6AM

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,202
  • May 18, 2020 9:17am May 18, 2020 9:17am
Decided to post something for all of you sceptical crybabies.

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To free Gazans of Hamas, use whatever it takes.
  • #104,203
  • May 18, 2020 10:09am May 18, 2020 10:09am
Quoting DrDave
Decided to post something for all of you sceptical crybabies. {image}
Demo Trader...
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You will learn the most from your losing Trades
  • #104,204
  • May 18, 2020 10:50am May 18, 2020 10:50am
Quoting Chenzo25
{quote} Demo Trader... {image}
wow chezo amazing results can you share with us your entries
  • #104,205
  • May 18, 2020 3:17pm May 18, 2020 3:17pm
Quoting emmanuel7788
TMS Monitor May 18 H4 nothing at 10PM and 2AM but now 6AM {image} {image} now 6AM {image}

EURUSD May 18 H4 6AM PDT candle trade

+56 pips, nice pop!


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,206
  • May 18, 2020 3:26pm May 18, 2020 3:26pm
Quoting emmanuel7788
TMS Monitor May 18 H4 nothing at 10PM and 2AM but now 6AM {image} {image} now 6AM {image}
TMS traders make the discretionary decision which setups to take a trade. When trading H4 and Daily, there is the larger trade window for you to decide. Important that you make the transition to trade H4 and Daily.

USDCAD May 18 H4 6AM trade

BE+ let it run!

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EURJPMay 18 H4 6AM trade

BE+ let it run!

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,207
  • May 18, 2020 3:36pm May 18, 2020 3:36pm
Quoting Tekkies
{quote} "Therefore I follow the OP post request:" Other lie Emmanuel? ----- You are so eager to re-post BigE's post's to remove TDI / Stoch. Be so eager and re-post what BigE posted about other indicator's, methods, expert's? Then compare "the OP post request" to what you are posting, reader's will see that you have managed again to post a bucket load of bullshit trying to justify your post's in this thread.
Tekkies

You don't have any winning edge.

Don't get euphoric when you have a few profitable days/ weeks trading M15 and H1. You need to achieve CONSISTENCY over a longer period of trading TMS. I look at 12 to 36 months and depends on how many pairs you trade, that can be anything from 1,000 to 3,000 trades.

To be in this business for the long haul, I did exactly the same what the OP wrote in his Post#281. I moved on to swing trading on H4 and now mostly medium term swing trading on Daily. My trading results were goos swing trading H4 and you will find my posts between 2015 and 2017. Since 2018, I moved on to medium term swing trading on Daily and my business cycle is 3 years, 2018 to 2020... still running.

Now I plan my next 3-years cycle (36 months)... 2021 to 2023.

Do Not look for quick results and short term gains. You need to have clear financial goals and know what you have in your trading arsenal to help you achieve your financial goals.

Trading Made Simple' 5-Method is a simple and elegant technical trading methodology which you can consider to use as your core trading methodology. You need to use that and develop your winning systems that fits you and to be able to trade in different market types.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,208
  • May 18, 2020 4:00pm May 18, 2020 4:00pm
TMS_V19 is not a auto-trading robot.

You use it as your trading tool and you make the decisions on the technical criteria you want to trade.

Based on Daily PA seen on my chart I can either buy or sell with M5 scalping. Using CandleStickTrailingStop CSTSL setting will help you in lock-in profits and also take profit, CSTSL will help you cut losses short in many cases where price did not move in your favour.

AUDJPY Daily with M5 trading
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,209
  • May 18, 2020 4:32pm May 18, 2020 4:32pm
Quoting Tekkies
{quote} "Therefore I follow the OP post request:" Other lie Emmanuel? ----- You are so eager to re-post BigE's post's to remove TDI / Stoch. Be so eager and re-post what BigE posted about other indicator's, methods, expert's? Then compare "the OP post request" to what you are posting, reader's will see that you have managed again to post a bucket load of bullshit trying to justify your post's in this thread.
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Tekkies

Yes, I follow the OP Post#281 and made the necessary transition to trading H4 2015 to 2017 and then to Daily charts 2018 to 2020...

I can still trade M15 and H1 which is not a problem for me as I have mastered the 5-Method and mentally I am prepared for the losses because there is no 85% to 90% win rate trading these timeframes. If I claim to have 85% to 90% win rate trading M15 and H1, then I would be lying.

You on the other-hand is bucket full of bullshit making such claims in your Post#71,385 that TDI is Holy Grail and win rate of 85% to 90%.

Quoting Tekkies
TDI for me is the Holy Grail. My win rate is about 85 - 90% with with all rules applied. ."
Do you know that even with high win rate your account can get 'fried'?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,210
  • May 18, 2020 5:03pm May 18, 2020 5:03pm
Quoting Moewet
Hello I'm I think this system rocks can someone with invite Steve Hopwood to this party I mean I would ask him myself to create this ea but I have no reputation on FF,so most likely he'll just ignore me but please someone reach out and touch him on this one,I know sometimes people don't want ea's to clutter the thread but the way Steve's been doing it lately he can just start a separate thread,thanks I respect the pippin going on here!
the date was Apr 27, 2011
member Moewet had an idea
and
SteveHopwood did just that ... May 01,2011
https://www.forexfactory.com/showthread.php?t=292301


And I agree with Big E post Apr 27, 2011
Quoting eelfranz
Moe, We don't want any EA's. Why? They can't observe and think like humans can and do. You need to learn to think on your own while trading and making your own decisions. Most EA"s don't work well anyway... sorry buddy...
Big E's key points:

- most EAs auto trading robots don't work... that's his experience.

- TMS traders are discretionary traders who must observe and think on our own.


TMS_V19 is not your auto-trading robot. It is a trading tool which you can use to help you when you do not have the luxury of time to be in front of your computer 24 x 7

This is why I do not post any set files for TMS_V19. My approach is that I would rather explain how to use the EA's parameters and settings according to your own trading preferences, our trading style, your trade plans, etc. There are simply too many configurations which you need to forward test in live market conditions and to get a large sample size of trades to learn from. I have done my own forward testing for 18 months between 2012 and 2013. I know what TMS_V19 EA can do for me and I went on and developed my trading systems based on some of its features.

You can do it too and you need to make the commitment and to spend your time in doing it. I am here to help you to get going. Do Not give up so quickly. It takes time ... 2 to 3 years is about right amount of time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,211
  • May 18, 2020 5:04pm May 18, 2020 5:04pm
Quoting emmanuel7788
{quote} EURUSD May 18 H4 6AM PDT candle trade +56 pips, nice pop! {image}
Manu, I notice that you are not using magic numbers for each currency. How so? Good trading, BTW.
Vincit qui se vincit.
  • #104,212
  • May 18, 2020 5:15pm May 18, 2020 5:15pm
Quoting Pippopotamus
{quote} Manu, I notice that you are not using magic numbers for each currency. How so? Good trading, BTW.
Thanks, I see you got that EA running ,,

For single-shot trades, I just leave the magic number at default = 0.

But when I trade multiple entries I use unique magic number for each basket/batch - different currency pairs and different timeframes.
Also I have the Comment field which I use to analyse my trade statistics.

Last night was crazy PDT 6AM candles. Lots of 'good' signals.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,213
  • May 18, 2020 5:19pm May 18, 2020 5:19pm
Quoting emmanuel7788
{quote} OK. But first do this and post your screenshot Set the ShowALLAlerts to true and make a screenshot. it should show all the inputs. let me check these first. {image}
Thanks for helping
this is the Scr
I noticed that you use
two versions
one is TMS_V19_MTF
and the other is TMS_V19MTF
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  • #104,214
  • May 18, 2020 5:27pm May 18, 2020 5:27pm
Quoting emmanuel7788
{quote} TMS traders make the discretionary decision which setups to take a trade. When trading H4 and Daily, there is the larger trade window for you to decide. Important that you make the transition to trade H4 and Daily. USDCAD May 18 H4 6AM trade BE+ let it run! {image} EURJPMay 18 H4 6AM trade BE+ let it run! {image}
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Differences in CandleStickTrailingStop

EURJPY May 19 H4 trade management

Instead of trailing using the HA candle, I moved my initial SL to 3 pips below the Price Bar. This way I lock-in more profits as my final TP is still higher above current price.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,215
  • May 18, 2020 6:24pm May 18, 2020 6:24pm
Quoting tadekcorona
{quote} Thanks for helping this is the Scr I noticed that you use two versions one is TMS_V19_MTF and the other is TMS_V19MTF {image}
You have 'eagle-eyes'

Use the one I showed the download link before ... TMS_V19_MTF

with your Step 5 settings, you will probably get 1 M5 trade every 3 months.

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You want to trade - Trend 2/8 M30 ... ok but how many M5 candles within that 30-minutes window?

You want to use TDiC1 M1 with slope 4 as filter ??? Using TDiC1 is

Get rid of ADX use, set that to 'false'.... Stoch + TDI is good enough for basic TMS 5-Method.

Use HA candle PA with 5EMA - very good! your are a conservative trader.

CandlePattern on M5 is a

Check your local times for the Trading Hours.


I prepare a simpler settings for your M5 trading with Trend 2/8 as the market condition.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,216
  • May 18, 2020 6:55pm May 18, 2020 6:55pm
Quoting tadekcorona
{quote} Thanks for helping this is the Scr I noticed that you use two versions one is TMS_V19_MTF and the other is TMS_V19MTF {image}

Quoting emmanuel7788
{quote} You have 'eagle-eyes' Use the one I showed the download link before ... TMS_V19_MTF with your Step 5 settings, you will probably get 1 M5 trade every 3 months. {image} You want to trade - Trend 2/8 M30 ... ok but how many M5 candles within that 30-minutes window? You want to use TDiC1 M1 with slope 4 as filter ??? Using TDiC1 is Get rid of ADX use, set that to 'false'.... Stoch + TDI is good enough for basic TMS 5-Method. Use HA candle PA with 5EMA - very good! your are...

here try these Step 5 settings for a week.

most basic TMS 5-Method conditions according to Post#261.

you can change the TDI slople value from 4 to say for e.g. 2 ... less strict.

avoid Stoch slope for now unless you are blending NFF reversal candle with Synergy setup candle. Use simple Stoch cross for now. Then you will learn what blending means when Big E mentioned that in his old thread.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,217
  • May 18, 2020 7:04pm May 18, 2020 7:04pm
Quoting emmanuel7788
{quote} {quote} here try these Step 5 settings for a week. most basic TMS 5-Method conditions according to Post#261. you can change the TDI slople value from 4 to say for e.g. 2 ... less strict. avoid Stoch slope for now unless you are blending NFF reversal candle with Synergy setup candle. Use simple Stoch cross for now. Then you will learn what blending means when Big E mentioned that in his old thread. {image}

Step 1 to 4 and Step 6

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*** your Step 5 will be precedence and overwrite Step 6
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,218
  • May 18, 2020 7:11pm May 18, 2020 7:11pm
Quoting emmanuel7788
{quote} Step 1 to 4 and Step 6 {image} {image} {image} *** your Step 5 will be precedence and overwrite Step 6

Steps 7, 8 and 9

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,219
  • May 18, 2020 7:25pm May 18, 2020 7:25pm
Quoting emmanuel7788
{quote} Steps 7, 8 and 9 {image} {image}

and the rest ... Trade Management is more important than your Step 5 entries.

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Now, you are ready to run that in your DEMO account trading 5-minute charts and be prepared to be 'fried' in the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #104,220
  • May 18, 2020 7:25pm May 18, 2020 7:25pm
Quoting emmanuel7788
{quote} {quote} here try these Step 5 settings for a week. most basic TMS 5-Method conditions according to Post#261. you can change the TDI slople value from 4 to say for e.g. 2 ... less strict. avoid Stoch slope for now unless you are blending NFF reversal candle with Synergy setup candle. Use simple Stoch cross for now. Then you will learn what blending means when Big E mentioned that in his old thread. {image}
Thank you for your time
I did everything in harmony
as you write we'll wait a week
I wish you all the best
Kind regards for what you do here.
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