Trading Made Simple

simple,
that is because members pointed out that the TDI Red Green version he used repaints and his reply was he did not refresh his charts.
He emphasized that he cared t is the momentum of the price when he was looking for trade setups.

you should also know that the TDI versions repaints even when you do not refresh your chart manually.

check carefully your broker bar/candle open time. how often do you see a bar/candle open at 21.05, 22.05 and 23.05?
find out what happens to your TDI between 21.00 and 21.05? and between 22.00 and 22.05? and between 23.00 and 23.05?

Hint: MT4 is 'empty 4'

questions, questions, questions,

what other templates did the OP have at that time?

how many other templates did he have?

what indicators did he have on other templates?

did he check the higher timeframes and/or the lower timeframes?

which timeframes did he trade in his Post#647?

EURAUD Jun 01 H4 trades closed
+58 pips, +82 pips



EURNZD June 01 H4 trade closed.
+72 pips

Attached Image (click to enlarge)

and the OP did mention about "head fakes".

Post#11
I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.

My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that time and go back to sleep... There are enough set ups in a normal week to make 200-500 pips... Stress is zero...

If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor...

I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success....

4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits...

The key to building confidence is to study old charts... look at the TDI moves and how it looks on PA so every time you see that same set up you will know your odds for success are high.

Trading Made Simple TMS_V19 FAQs

Folks,

obvious that many do not read this thread on regular basis and would PM me questions that were asked and answered over and over again.


What is Trend 2/8 ?

read these posts

https://www.forexfactory.com/showthr...9#post12871149

https://www.forexfactory.com/showthr...7#post12876457

Note, the Trend 2/8 moving averages 2/8LWMAs is quite similar to the original Price Action Channel PAC using 5SSMA High Low.
Some TMS traders prefer the original PAC, some prefer the 2/8 LWMAs, some just use a 10EMA, etc ....

10 HABITS OF SUCCESSFUL TRADERS

Are the numbers in your trading account lower than you’d like them to be? Don’t worry too much if you are struggling in the beginning; everybody does, some for longer than others. If you want to accelerate your progress toward success, though, you can start mimicking the behaviors of successful traders now. A lot of that has to do with how you conduct yourself as a trader, and not necessarily your market expertise. You can control your own behavior, even if you cannot control the market. So acting like a successful trader can be a great first step to becoming one. Here are 10 habits you should get into if you want to trade like the pros.

1. Keep a journal.
You should always keep track of your successes and your failures. The most successful traders keep very detailed logs which not only say whether they won or lost their trades, but also what was going on at the time and what circumstances may have caused the win or loss. They look back frequently at their journals and see if they can find patterns that will help them turn more losses into wins in the future.

2. Use tools like rollover and early closure.
Do you ignore the useful tools your broker provides you? If so, you are an average trader. But here is some news for you: average traders are not winners. They end up losing, sooner or later (most of them sooner). The most successful traders are the ones who strive for control wherever they can get it, even if that involves more time and effort. Rollover and early closure allow you to choose when you exit your trade. When you exit can be every bit as important as when you enter for successful results.
Look for other useful tools as well which can help you to control your trades from the outset. Do you see something called “Option Builder” on your platform? You can specify your own expiry time in advance using this type of trade. That is an optimal way to approach your trading. Your broker also may provide you with economic calendars, video tutorials, and other helpful resources.

3. Keep a balanced schedule and lifestyle.
There are three common mistakes traders make when they work on their trading schedules. They may not trade enough, making trading their last priority, which means they will never get anywhere. Or they may trade all the time, forsaking other priorities and obligations like eating and sleeping, socializing, or doing their day jobs. This will also lead to disaster. A third mistake is not having a schedule at all, and trading randomly or erratically. Successful traders have organized schedules which allow them to maintain a healthy and balanced lifestyle.

4. Test your trading methods.
Before going live, you should always backtest and then demo test your trading methods. Anytime you make a change to a method, you should test it first, and then trade it with real money only after you have proven to yourself that it works. Doing this can save you a ton of money, and keep you in the game. You do not have to leave the business of trading entirely up to chance.

5. Treat trading like a business.
That leads me to another trait of winning traders, and that is treating trading like a business and not a hobby or a game. There is nothing wrong with trading for fun, but winners are those who trade like it is a business, complete with business plans, daily routines, schedules, and obligations. Self-discipline and seriousness will get you much farther in the long run than a single lucky trade every will, no matter how big that winner is. Make trading a business, and you will do well. Click here for 4 Ideas for Developing Discipline

6. Be honest with yourself and others.
Accountability is a very important habit to have. If you are in the habit of deceiving yourself about trading or anything else in your life, it is time to get honest. Even self-deceit in areas unrelated to trading can eventually start transferring to your trading, and then you will have a major problem. Successful traders admit their mistakes. They cultivate a sense of humility without losing their self-esteem. In this way, they are able to see the problems they need to fix and correct them.

7. Adapt to change.
When life throws you a curve ball, what is your typical reaction? For a lot of us, panic is the result. As a trader, you are going to be catching a lot of curve balls, and that requires you to be fast and adaptable. You have to expect the unexpected. And when it comes, you need to be willing to do what it takes to move forward, even if that means testing changes to your trading method or changing something about your personal approach to trading.

8. Never stop learning.
Great traders know that the markets are constantly adjusting and transforming, and that nothing ever stays the same forever. Because of this, they never rest on their laurels. They constantly are reading up on trading, testing out new techniques, and improving their game. This is one of the single best traits you can cultivate as you become successful. It is what will keep you there. Check out the Price Action Technique

9. Communicate with other traders.
Another important habit to build is communication. If you typically isolate yourself in your trading, you are cutting off access to some of the best trading resources out there: other people. Of course, a lot of traders probably are not much smarter than you (or may be nowhere near as smart as you), but you will find plenty of other people on a level with you who can share what they know. How do you recognize these traders? You will notice they have some or all of these good trading habits that I am discussing. You will find them honest and dedicated. Join a community today!

10. Be generous.
This may sound intangible, even counterintuitive, but generosity can help you to build wealth. How? When you trade binary options and start meeting others in the trading community, you will quickly realize how many traders are willing to help each other out. The only reason there are people out there willing to share their methods and stories with you is because they are generous. And that is why you should be the same. What goes around comes back stronger, as the saying goes. When you share what you know, you will be contributing positively to a community which can support your trading and contribute to your success. You will also probably feel pretty good about it too.
All of these different patterns of behavior, whether intangible or otherwise, may be difficult to develop at first. But eventually they will become second nature to you as you practice them. That is why they are good habits. Sometimes new traders make the mistake of believing that some people are born as honest, disciplined workers and others are not. But that is rarely the case. Almost everybody has to build up these character traits from relatively weak foundations. Others have done it, and are now trading successfully, and you can too.
But what about all the technical aspects of trading successfully? That is the beauty of developing good habits. When you become dedicated and start treating trading like a business, the rest will eventually follow if you stay determined and focused. Your honestly and discipline will lead you away from trading mistakes and help you to unearth the secrets of success.

hej mate. is it trading robot ? thanks

Yes, it's a robot. It is really good and it will make you thousands per month! However, to understand and use it, you need a degree in computer science, and better if you had at least 1 course in robotics. If you do not have a computer science degree, then it would be worthwhile for you to enroll in a program immediately. If you want to start before you have your degree, you could hire someone that is qualified until then.

He did not say TDI has head fakes. He said that 4 hour charts have less head fakes [than smaller TFs].

Keep reading English, though; there is still a slight chance for your reading comprehension to improve.

GBPUSD Jun 02 H4 10PM PDT candle

Do Not trade the TDI cross signal blindly



Follow the Daily Trend 2/8

and the Price Action

NO. If you are thinking of those auto trading robot where you do nothing and let the robot do all the work.

It is the same for this:
"Always check the #1- Price Action first, then #2- TDI Post#3142"
Above is applicable to what was used in the Harris thread.

In Trading Made Simple (this method) BigE changed it to:
#11......I just glance at the TDI for set ups
#119.... On this method the TDI is King. All trades are signaled by it as well as exits...
#270.... When I check my charts... I look to the TDI... then PA.

BigE mentioned TDI 188 times, not once is PA / Price Action put before TDI.

learn from some of the habits of the OP Big E.

he glanced at his charts is one of his many good habits


https://www.forexfactory.com/showthr...14#post4598114

https://www.forexfactory.com/showthr...57#post4583257

https://www.forexfactory.com/showthr...56#post4569656

https://www.forexfactory.com/showthr...21#post4560521

https://www.forexfactory.com/showthr...40#post4415040

https://www.forexfactory.com/showthr...43#post4355243

https://www.forexfactory.com/showthr...76#post4344576

https://www.forexfactory.com/showthr...41#post4330541

https://www.forexfactory.com/showthr...02#post3880602

https://www.forexfactory.com/showthr...01#post2285501

#119

WHEN TO EXIT -----------------

OK there appears to be some confusion here...

According to the rules you exit when the TDI GREEN LINE goes flat, check mark reversal or hooks over.... this is for the conserative trader and works great.

However.... note the blue box on the TDI below. See how the green line archs like a worm crawling up the red line without crossing red. You could have stayed in the whole trade without exiting until green crossed red finally.


note the spelling mistake "conserative"

are you a conservative trader?

if you are, then would you jump in a REVERSAL candle#1 and #2?

GBPJPY Jun 02 M15

Follow Daily Trend 2/8

and trade the M15.

Use CSTSL as one of your EXIT option.

I start stalking GBPAUD, GBPCAD and GBPNZD every 4 hours today, tomorrow, the day after tomorrow, and the following day after... , ....

plan for the next big ONE!

nothing at the 10PM PDT H4 candle.

Hi Emmanuel7788

Thanks again , i did manage to sort out the time by going through all your posted images from weeks ago.
I ended up with the exact times you kindly just sent.

I have all my charts now on 15 min and all are green and say WITHIN HOURS.

Only problem i now have is the v19 is still not sending alerts or taking trades.

Your 2 gbp trades were ignored by my v19 EA

No idea whats wrong now . I have checked it all and its still blanking?

Hi emmanuel,

Is it possible to open a trade manually via mobile and the EA takes over the rest including the exits? I'm trying to set it all up on a VPS but don't want the EA to open any trades on its own and not sure if this will work with AlertModeOnly set to true.

Thanks

Hi

Make sure you have the 3 indicators in the correct MT4 folder.

I notice your TDI Slope read 4.0 / 0.0 and that 0.0 is a problem.

see Post# 102, 339
https://www.forexfactory.com/showthr...2#post12859772

you don't need the indicators on your trading chart but TMS_V19 EA will use these in its internal calculations.
that TMS-Osc Hist is an important indicator for the EA.

another reason is your TDI and Stoch default values (4.0 and 5.0) are too strict such that the EA will not trigger any setup alert.

I don't use the Stoch slope and my TDI slope is 2.0 for M15 trading. The Trend 2/8 M15 and HA candle above/below it 5EMA has more weight combined here.
The safe factor is the CandleStickTrailingStop for EXIT.

Hi Jan

The TMS_V19 can manage trades open manually but I do not prefer this.

You can use the TMS_V19 for trade setups alert only mode and trade using your mobile.
But I suggest that you use the original MPTM to manage your trades instead.
MPTM can manage multiple entries trades and is more stable in trade management.

The newer version of MPTM is available in the SHF link provided in the thread here.
https://www.forexfactory.com/showthread.php?t=89371
You get support there at SHF plus other new versions when you want to trade TMS MEME in future.