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

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Trading Made Simple(r)

  • #5,641
  • Jun 1, 2020 8:14am Jun 1, 2020 8:14am
Quoting SwingMan
New indicator to test: "smTMAcentered-TwoMAs" I think @RobinHood did tests with the MACD. Here is a MACD variant with TMA (Triangular Moving Average, centered, norepaint) instead of EMA, and with Open/Close instead of two different periods for the distance of the lines. (Some trend indicators use the crossing of the Close indicator line with the Open indicator line to determine long or short signals.) {image} {file} {file}
Dear SWING MAN,

I test on strategy tester,... its REPAINT,... or I make mistake ?

How I can use this ?

Thanks,

Budi Dharma
  • #5,642
  • Jun 1, 2020 8:53am Jun 1, 2020 8:53am
Quoting Rubernet
{quote} Hey buddy, you entered a long trade into a supply zone as well as into resisitance, friday's daily high, zoom out on the 4hr and look left, price has to break that high and close for a possible long trade.
Thanks a lot mate, just spotted it! I'm still a beginner and not even been looking at things like that.
Low Spreads/Commission.. https://go.vantagefx.com/visit/?bta=40917&brand=v
  • #5,643
  • Edited 11:53am Jun 1, 2020 11:33am | Edited 11:53am
Quoting Marcusv007
{quote} Here you go{file}
Thank you Marcus.

I've been lurking for a few weeks and am working on something to trade intraday. It's a work in progress to say the least.

When I looked at your template I was reminded of the Murray Math (MM) levels and I found a MM indi that duplicates what you have when set on 1440 (daily) - pic attached. MM indi also attached. So it can just be loaded onto any chart. It also has the advantage of different settings should one want smaller intraday settings or weekly & monthly. For lower timeframes I'm using 240 (H4) and find it interesting. The MM indi is founded on the same Gann principles. If anyone is interested, further info on MM can be found in the video and PDF at post#1 here:
https://www.forexfactory.com/showthread.php?t=642648.
Thanks again.
Attached Image (click to enlarge)
Click to Enlarge Name: Gann Levels.PNG Size: 72 KB
Attached File(s)
File Type: mq4 Murrey_Math1.mq4   13 KB | 461 downloads
  • #5,644
  • Jun 1, 2020 11:51am Jun 1, 2020 11:51am
Quoting Rubernet
{quote} {file}
Hi Rubernet,
Thanks for your generosity in sharing this indicator. I have added it to my indicators folder and refreshed the the indicators in the navigation but it still doesn't show up in my indicators list whenever i want to attach it to a chart. What could be the issue?
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #5,645
  • Jun 1, 2020 11:56am Jun 1, 2020 11:56am
Quoting SwingMan
New version "smTMMS Oscillator_v7.3.1" Version with additional alerts for - crossing the SMI line (violet and yellow lines) - Dots color change (slope of Hull MA) The alerts are only calculated when the bars are closed. In the previous versions, signals sometimes appeared when a bar was open and did not disappear until the close, when the conditions were no longer met. Sure one can also program that but I don't know if that would be interesting. {image} {file}
Hello, do you have an MQL5 version of it?
  • #5,646
  • Jun 1, 2020 2:09pm Jun 1, 2020 2:09pm
Quoting tonegawa
{quote} Hello, do you have an MQL5 version of it?
He doesn't.

Cheers.
  • #5,647
  • Jun 1, 2020 3:10pm Jun 1, 2020 3:10pm
Quoting SwingMan
New version "smTMMS Oscillator_v7.3.1" Version with additional alerts for - crossing the SMI line (violet and yellow lines) - Dots color change (slope of Hull MA) The alerts are only calculated when the bars are closed. In the previous versions, signals sometimes appeared when a bar was open and did not disappear until the close, when the conditions were no longer met. Sure one can also program that but I don't know if that would be interesting. {image} {file}
No further issues with the vertical lines here Swingman.

It's been perfect so far.

Good work.

Regards,
  • #5,648
  • Jun 1, 2020 3:46pm Jun 1, 2020 3:46pm
Quoting 40PipsAlan
{quote} plan was good. Bad EUR news and maybe SL a bit too tight.
+1
I am still on that buy trade.
  • #5,649
  • Edited 9:06pm Jun 1, 2020 8:56pm | Edited 9:06pm
anyone trading this?
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Attached Image (click to enlarge)
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i opened 5 trades before this 3 trades but i closed because its near support and resistances because of FEAR of losing i closed with +900$ IF ONLY i did not closed i might get +25.000$++

Attached Image (click to enlarge)
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  • #5,650
  • Jun 1, 2020 11:03pm Jun 1, 2020 11:03pm
Quoting warsito123
anyone trading this? {image} {image} i opened 5 trades before this 3 trades but i closed because its near support and resistances because of FEAR of losing i closed with +900$ IF ONLY i did not closed i might get +25.000$++ {image}
Yep, I was in those trades too
  • #5,651
  • Jun 1, 2020 11:17pm Jun 1, 2020 11:17pm
Quoting fxtrain
{quote} Yep, I was in those trades too
Did you closed it or still running and which pairs did you buy?
  • #5,652
  • Jun 1, 2020 11:42pm Jun 1, 2020 11:42pm
Quoting warsito123
anyone trading this? {image} {image} i opened 5 trades before this 3 trades but i closed because its near support and resistances because of FEAR of losing i closed with +900$ IF ONLY i did not closed i might get +25.000$++ {image}
Hi Warsito, good risk management will eliminate fear, that is part of trading, I divide my trade size into 2 smaller trades depending on my risk assessment. I take the 1st trade then after 10 + pips, if i am happy with the momentum and strength, I would enter the next trade. For every trade I set a target depending what I am trading. When 1st target has been met I would close the 1st trade and then let the rest run. Usually I would add more trades as price breaks and closes below or above support or resistance levels. When you have a strong trend and S&R levels ahead, price usually easily breaks through those levels.

Another way is to take the full trade and then take partial profit as price reacts to strong levels.

Trade safe
Trade Without Fear
  • #5,653
  • Jun 1, 2020 11:43pm Jun 1, 2020 11:43pm
Quoting warsito123
{quote} Did you closed it or still running and which pairs did you buy?
(All those pairs, plus EURGBP and EA. NO, I closed them way too early. Earlier than you ;(
  • #5,654
  • Jun 2, 2020 12:08am Jun 2, 2020 12:08am
Quoting fxtrain
{quote} (All those pairs, plus EURGBP and EA. NO, I closed them way too early. Earlier than you ;(
is it okay for you to share your reasons why you closed?

because i also happen to closed this early and regrets it...im thinking what should i do to keep this trade open
i closed early because the price is not going anywhere,i just increased my equity to doubled(fear of losing),i draw trendlines and channel on a nacked chart and i see some pairs hit the trend line and go down immediatly i thought its a reversal so i always cut my losses short and in this case i still got small profit...

also the price are moving in my directions but a few minutes before the h4 closed there are big movement of 300-400 pips in just a few minutes when i see the m5 charts....

BUT

if i just follow my exit procedure on TMMS i will still be in on the trade and make lots of profit with my 5 pairs trading i might already got 10-15% of my equity and right now i only achieve a 7% floating profit from the 3 pairs....

do you mind to share your thoughts on this so we can together find the best options when we are confronted again with this trade just for learning ^_^
  • #5,655
  • Jun 2, 2020 7:31am Jun 2, 2020 7:31am
Quoting fxtrain
{quote} (All those pairs, plus EURGBP and EA. NO, I closed them way too early. Earlier than you ;(
Could you kindly explain how you are using band on your charts and does repaint?
"You can't buy the bottom, nor sell the top. The best you can strive for is
  • #5,656
  • Jun 2, 2020 9:34am Jun 2, 2020 9:34am
AC long, +73 pip
AN long, +123 pip
Attached Image(s) (click to enlarge)
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I will do my best!
  • #5,657
  • Jun 2, 2020 10:51am Jun 2, 2020 10:51am
Quoting FXShoujo
AC long, +73 pip AN long, +123 pip {image} {image}
Please, can you share your resistance/support indicator?
Thanks.
  • #5,658
  • Jun 2, 2020 12:22pm Jun 2, 2020 12:22pm
Been riding this wave since the end of last month. The strategy works amazingly if you let profits run. It's already in 8x profit and it's still growing. With a strategy as effective as this, it wouldn't be hard to grow an account quickly. I'll likely close when I see a candle color reversal. I feel like a Larry Williams form of Risk:Reward strategy can work effectively with this method since you have at least 1:2 ratio for most trades.

I missed a few AUD and JPY trades, but I managed to trade most of the majors, so looking at a big account growth this month, just from the first week alone.
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  • #5,659
  • Jun 2, 2020 5:09pm Jun 2, 2020 5:09pm
Hello Swing MAN,

I have a quit question about Oscillator 7.2, how can I make it to print thinner green/red bars when stochastic is not in sync with the trend.. like it happened with version 5.0

thanks a lot!!
  • #5,660
  • Jun 2, 2020 5:17pm Jun 2, 2020 5:17pm
Quoting celord
Hello Swing MAN, I have a quit question about Oscillator 7.2, how can I make it to print thinner green/red bars when stochastic is not in sync with the trend.. like it happened with version 5.0 thanks a lot!!
I don't know it by heart either.
But it's not a problem: you have to study the source code, compare it with the old version, find the places, then make changes, and then you have the new version like with the old version...
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