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Trading Made Simple(r)

  • #6,241
  • Oct 6, 2020 5:55am Oct 6, 2020 5:55am
Quoting kecodon
{quote} Here is my chart but I can't find the ATR. Am I missing anything here? {image}

You can add the MT4 ATR to your chart.

Just drag the ATR from your Navigator ..Indicators/Oscillators/Average True Range to the sub-window where your sm TMMS Oscillator is

then set the parameters as follows,

this will show only on your D1 chart and its the ATR(100)


Attached Image (click to enlarge)
Click to Enlarge Name: TMSr with ATR 6-10-2020 6-49-05 pm.png Size: 84 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,242
  • Oct 6, 2020 7:36am Oct 6, 2020 7:36am
Quoting emmanuel7788
{quote} You can add the MT4 ATR to your chart. Just drag the ATR from your Navigator ..Indicators/Oscillators/Average True Range to the sub-window where your sm TMMS Oscillator is then set the parameters as follows, this will show only on your D1 chart and its the ATR(100) {image}
Thank you for being here to help me, I will try to learn a lot from you.
  • #6,243
  • Oct 6, 2020 9:58am Oct 6, 2020 9:58am
Quoting emmanuel7788
{quote} Hi Frank My GBPUSD Week 39 Sep 21 to 25 were D1 trades and I based on the Weekly market condition. Note when Friday Sep 18 closed, I see a sideways market type conditions and D1 was more bearish when I decided to sell. The Weekly sideways range was about 500 pips. Selling on Sep 21 would mean the worst case SL would be above 1.3264 i.e. above the high of that big Weekly candle of week 37. This is why my trade position size were very small and to allow me to scale-in and scale-out with several baskets of trades. {image} However, if you use...
Can you share me this dynamic ATR? I think I like it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD ATR Stop 3-10-2020 9-12-03 pm.png Size: 55 KB
  • #6,244
  • Oct 6, 2020 3:26pm Oct 6, 2020 3:26pm
Quoting kecodon
{quote} Can you share me this dynamic ATR? I think I like it. {image}
I got this one if it helps.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 129 KB
Attached File(s)
File Type: mq4 ATR_Stop.mq4   4 KB | 532 downloads
  • #6,245
  • Edited 7:26pm Oct 6, 2020 7:08pm | Edited 7:26pm
Quoting 40PipsAlan
{quote} I got this one if it helps. {image} {file}
Quoting kecodon
{quote} Can you share me this dynamic ATR? I think I like it. {image}

use that on Daily and use it wisely because that will lead you to the money .... your Financial Freedom.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,246
  • Oct 6, 2020 7:08pm Oct 6, 2020 7:08pm
Quoting 40PipsAlan
{quote} I got this one if it helps. {image} {file}
thank you! can you share me about its settings?
  • #6,247
  • Oct 7, 2020 2:04am Oct 7, 2020 2:04am
Quoting kecodon
{quote} thank you! can you share me about its settings?
Still learning myself. How about an ATR period of 52 and a factor of 2? Change the down colour to red
  • #6,248
  • Oct 7, 2020 6:07am Oct 7, 2020 6:07am
Quoting kecodon
{quote} thank you! can you share me about its settings?

first you need to decide which timeframe and duration of your trading system, then decide what you use the ATR for.

here is a website for some reading up and learn about the ATR.

http://forex-indicators.net/volatility-indicators/atr

For example:

I use ATR(52) on Weekly chart to know the average range of the 52 weeks.

On my Daily, I use ATR(100) which the average of 100-days, rather conservative and I use that to determine the distance between each multiple entries.

And for Initial Stop Loss, I look at the price action the technical swing high and swing low for placing my initial stop loss and double check that against 2 x ATR(10) most recent ten (10) days to see if the technical swing high / swing low it is 'safe' and has enough room for positions building.

Quite a few things to knows and put into trading practice and not to use any indicator blindly without knowing what it was programmed to do.

That ATR-Stop posted by 40PipsAlan can also be use to look for the volatility 'trigger' level to initiate the swing trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,249
  • Oct 7, 2020 8:54am Oct 7, 2020 8:54am
Quoting emmanuel7788
{quote} first you need to decide which timeframe and duration of your trading system, then decide what you use the ATR for. here is a website for some reading up and learn about the ATR. http://forex-indicators.net/volatility-indicators/atr For example: I use ATR(52) on Weekly chart to know the average range of the 52 weeks. On my Daily, I use ATR(100) which the average of 100-days, rather conservative and I use that to determine the distance between each multiple entries. And for Initial Stop Loss, I look at the price action the technical...
I trade on daily charts. See example 2 below image I have calculated ATR set SL right? I watch the price movement of ATR10 and ATR100 and the volatility at ATR10 is lower than the ATR100 so I will set the SL at ATR 100. Do I understand correctly?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ATR100.JPG Size: 209 KB
  • #6,250
  • Edited 6:46pm Oct 7, 2020 6:31pm | Edited 6:46pm
Quoting kecodon
{quote} I trade on daily charts. See example 2 below image I have calculated ATR set SL right? I watch the price movement of ATR10 and ATR100 and the volatility at ATR10 is lower than the ATR100 so I will set the SL at ATR 100. Do I understand correctly? {image} {image}
Hi kecodon

You observation with ATR(10) and ATR(100) ...
***edit: You broker has a Sunday candle ***


If I open sell today, this is what my initial SL would be , see chart below.

Technically, I would rather place my initial SL above the Daily most recent Swing High. But when I am a Position Trader, I would even consider the Weekly Range High.

Use the 0.5ADR of the Daily ATR(100), how many positions can you build between initial Entry Price and your Stop Loss to a full basket?

Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD Oct 08 D1 sel EP SL TP 8-10-2020 7-23-03 am.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,251
  • Oct 7, 2020 7:15pm Oct 7, 2020 7:15pm
Quoting emmanuel7788
{quote} Hi kecodon You observation with ATR(10) and ATR(100) ... ***edit: You broker has a Sunday candle *** If I open sell today, this is what my initial SL would be , see chart below. Technically, I would rather place my initial SL above the Daily most recent Swing High. But when I am a Position Trader, I would even consider the Weekly Range High. Use the 0.5ADR of the Daily ATR(100), how many positions can you build between initial Entry Price and your Stop Loss to a full basket? {image}
Hi Emmanuel

I am trying to figure out how many positions should be built between the initial entry price and the hole cutting, currently I only participate in 2 positions.
f you join multiple positions in a basket, you will set your stop loss on the weekly chart, if you enter a position you will put your stop loss on the daily chart. Did I understand correctly?
  • #6,252
  • Oct 7, 2020 7:28pm Oct 7, 2020 7:28pm
Quoting kecodon
{quote} Hi Emmanuel I am trying to figure out how many positions should be built between the initial entry price and the hole cutting, currently I only participate in 2 positions. f you join multiple positions in a basket, you will set your stop loss on the weekly chart, if you enter a position you will put your stop loss on the daily chart. Did I understand correctly?
Hi kecodon

NZDCAD is in one of my 5 groups.

Today I just initiated an new trade basket.

see my trade chart below.
Note: I don't use the smTMMS Osc but I place that on this chart just to have the same chart template like yours. I use the platform common indicators becasue I monitor my trades with my Android mobile.

- I manage my trade basket using the Average Entry Price of the basket i.e. the open positions.
- for this NZDCAD basket, the distance between each trade is 20pips , I simple use a round number if I divide the ATR(100) by 5.
- my limit and stop order above/below the initial EP is 20 pips.

I check these trades once a day minimum or every time I have access to the trade server VPS, usually when European sessions are open.
I'll take the profits whenever I see there is money on the table ... its a casino!
Attached Image (click to enlarge)
Click to Enlarge Name: NZDCAD Oct 08 D1 trades open 8-10-2020 7-36-30 am.png Size: 57 KB

Edit: ***
I forgot to mention this. Be careful of the Daily Tuesday and Wednesday D1 candles, these are big candles and you may see retracement into Oct 06 and Oct 07... can happen any time maybe this week or the coming week. Remember the WCC !
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,253
  • Oct 8, 2020 1:29am Oct 8, 2020 1:29am
Quoting emmanuel7788
{quote} Hi kecodon NZDCAD is in one of my 5 groups. Today I just initiated an new trade basket. see my trade chart below. Note: I don't use the smTMMS Osc but I place that on this chart just to have the same chart template like yours. I use the platform common indicators becasue I monitor my trades with my Android mobile. - I manage my trade basket using the Average Entry Price of the basket i.e. the open positions. - for this NZDCAD basket, the distance between each trade is 20pips , I simple use a round number if I divide the ATR(100) by 5. -...
Thank you.
I have a question about closing your open position. You open 3 positions 20 pips apart and you will close when it makes a profit, what is your expected profit in 1 position? Do you leave 1 positions until it reaches R: R? If the market slips in the opposite direction, do you close all the positions early or let it run to the initial stop?
  • #6,254
  • Oct 8, 2020 1:56am Oct 8, 2020 1:56am
Hi, sorry for my English. I experimented with these settings to emulate the indicator on smartphones. The parabolic sar is used to place stop loss. I've done some comparisons and it seems to be very close to the original pc version. Let me know if you like it, greetings to all
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  • #6,255
  • Oct 8, 2020 5:56pm Oct 8, 2020 5:56pm
Quoting kecodon
{quote} Thank you. I have a question about closing your open position. You open 3 positions 20 pips apart and you will close when it makes a profit, what is your expected profit in 1 position? Do you leave 1 positions until it reaches R: R? If the market slips in the opposite direction, do you close all the positions early or let it run to the initial stop?

when you have 3 open positions in one basket and all 3 positions are in profit, you can close that basket.
then you decide to start a new basket if the trade setup is still valid i.e. no trade invalidation.

I do not track the profit and R:R of single position. I keep track of the baskets profits (CashFlow) and the overall R:R of the completed swing.

If you face the situation where the market fails to continue in the direction of the swing, technically you will see the APB/HA candle getting smaller and not making higher highs or lower lows, and also the APB/HA candle are within the HMA and 5EMA,
then come that important decision ... if you have open baskets of trades, then you decide to close them.

An example, I closed a basket and re-open a new basket today.
And if the APB/HA fail to make higher high and the candle get smaller and close inside the HMA/5EMA, I will close the basket.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY Oct 09 D1 9-10-2020 6-51-30 am.png Size: 62 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,256
  • Oct 8, 2020 7:04pm Oct 8, 2020 7:04pm
Quoting kecodon
{quote} Thank you. I have a question about closing your open position. You open 3 positions 20 pips apart and you will close when it makes a profit, what is your expected profit in 1 position? Do you leave 1 positions until it reaches R: R? If the market slips in the opposite direction, do you close all the positions early or let it run to the initial stop?

Another example,

USDCAD Daily chart swing trading,

I closed the last basket and re-open a new one today.

Daily ATR(10) is 64 pips, my SL is 2xATR(10)
Order distance is 20% of ADR100 days i.e. ATR(100) Daily

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Oct 09 TMSr D1 trades 9-10-2020 7-58-33 am.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,257
  • Oct 9, 2020 2:27am Oct 9, 2020 2:27am
Quoting emmanuel7788
{quote} when you have 3 open positions in one basket and all 3 positions are in profit, you can close that basket. then you decide to start a new basket if the trade setup is still valid i.e. no trade invalidation. I do not track the profit and R:R of single position. I keep track of the baskets profits (CashFlow) and the overall R:R of the completed swing. If you face the situation where the market fails to continue in the direction of the swing, technically you will see the APB/HA candle getting smaller and not making higher highs or lower lows,...
Thank you very much for the explanation I understood and I will apply your way.
I am also looking for a similar model on my phone but I can't find the HMA line. What does the sample look like on your phone, can you share it with me?
Attached Image (click to enlarge)
Click to Enlarge Name: phone.jpg Size: 392 KB
  • #6,258
  • Oct 9, 2020 3:42am Oct 9, 2020 3:42am
Quoting kecodon
{quote} Thank you very much for the explanation I understood and I will apply your way. I am also looking for a similar model on my phone but I can't find the HMA line. What does the sample look like on your phone, can you share it with me? {image}

you need to do a lot of live trades to get a very good feel how this will work and you will develop your own mental strategies to deal with all the possible scenarios.
take your time, 2 to 3 years would be a good length of time to develop your own trading style and trading systems.

you wont find the HMA in your mobile platform and also not the APB and HA candle. You need to be able to use the price bar or Japanese candlesticks.

without the HMA(12) you can use the good old fashion way of TMS ... use a 5-period , MA method = Linear Weighted MA, Apply to: Median Price (HL/2)

BTW, today is Canadian Employment Data so careful with CAD pairs, close those in profit and decide if you want to open new baskets.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #6,259
  • Oct 9, 2020 4:27am Oct 9, 2020 4:27am
Quoting emmanuel7788
{quote} you need to do a lot of live trades to get a very good feel how this will work and you will develop your own mental strategies to deal with all the possible scenarios. take your time, 2 to 3 years would be a good length of time to develop your own trading style and trading systems. you wont find the HMA in your mobile platform and also not the APB and HA candle. You need to be able to use the price bar or Japanese candlesticks. without the HMA(12) you can use the good old fashion way of TMS ... use a 5-period , MA method = Linear Weighted...
Thanks for the reminder, I just closed GCAD and UCAD. I will reopen next week if all indicators remain in trend. Wish you happy weekend
  • #6,260
  • Oct 9, 2020 5:40pm Oct 9, 2020 5:40pm
Trade Report Week 41 Oct 05 to 09

Closed most pairs that were in profit just before London market session closed.

Kept some basket/position with open positions to rollover to next week Oct 12 to 16.

This is completion of the first 6 trading days of a new 20-trading days cycle which will run till Oct 29.

Attached Image (click to enlarge)
Click to Enlarge Name: TMSr Oct 09 Trades Closed and Open 10-10-2020 6-27-42 am.png Size: 72 KB

Am I showing off? NO.
Just want to inspire you all to work even harder at trading during this current pandemic while you have more time to be at home.
Learn EVERYTHING that come your way. Take those things and make them work for you and develop your own winning trading systems that fit you. You'll need a Blueprint for Trading Success, do you have one yet?

Trading Made Simple(r) TMS(r) evolved out of the original Trading Made Simple by eelfranz aka Big E.
Both methods requires the same - DISCIPLINE to be CONSISTENT over a long period of time trading the same method.

Have a Good Weekend, Stay Safe .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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