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Trading Made Simple

  • #110,041
  • Oct 21, 2020 10:30am Oct 21, 2020 10:30am
Have been trading GJ for the last couple of weeks but cant resist trading EA again , 2 trades since yesterday

Emmanuel , on daily theres an Inside Bar candle, do u see it as a bearish breakout tomorrow for some quick H1 trade ?
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I Have Learned to Take Some Losses to Make Profits
  • #110,042
  • Oct 21, 2020 10:58am Oct 21, 2020 10:58am
Quoting Gh0stRider
{quote} Ill Look at the price action but what do i have to see in tms monitor ?
Sorry to tell you, but ToxicFakeTrader aka emmanuel7788 got you on the hòok! He has made several replies to you, right? But he has not given you a STRAIGHT ANSWER to your question, has he? I don't even read his posts (I have him on Ignore so they are collapsed) and I am confident that my above analysis is correct, because the leopard does not change his spots, and he also keeps returning to fertile hunting grounds.
To free Gazans of Hamas, use whatever it takes.
  • #110,043
  • Oct 21, 2020 11:07am Oct 21, 2020 11:07am
Quoting Dhanymartin
{quote} you want to make real money? i suggest you to open in H4 TF. if u want more accurate u can identify the current trend with following D1 Trend on TDI. i mean when green line above the red line its up trend so you just need to wait oportunity in H4 to open buy. since ive been calcuulating about what i gonna gain from 1 month earlier and what i found when i follow all the TDI on H4 alone the total pip i got just about 200 pip for clean profit. and also i recomending to use Take Profit so u need to save ur profit, because usually the candle...
You don't need to look at either H4 or D1-- just look at the bar chart again that you posted and apply Trading 101 for trend.

You have higher high and higher low before your SELL. There is no evidence by price that there is even an ATTEMPT to reverse the uptrend.

(The TDI gives a clue that the buyers are WEAKENING, but I suspect that you don't know the internals of that indicator so you don't see that.)
To free Gazans of Hamas, use whatever it takes.
  • #110,044
  • Oct 21, 2020 12:20pm Oct 21, 2020 12:20pm
Hi, does anyone created an EA for this?
  • #110,045
  • Oct 21, 2020 1:32pm Oct 21, 2020 1:32pm
Quoting hasib
I am forward testing this strategy in the H4 chart. I am trading 28 pairs with this, So far getting mixed results, If you have any recommendations Let me know. Thanks {image}
Unless you share your exact entry filters and exit conditions, there is not really much of value that can be said about your mixed results.
To free Gazans of Hamas, use whatever it takes.
  • #110,046
  • Oct 21, 2020 2:00pm Oct 21, 2020 2:00pm
Quoting TheScorpS
Have been trading GJ for the last couple of weeks but cant resist trading EA again , 2 trades since yesterday Emmanuel , on daily theres an Inside Bar candle, do u see it as a bearish breakout tomorrow for some quick H1 trade ? {image}
Just saw ur post and want to say Hi to you Scorps.
  • #110,047
  • Oct 21, 2020 2:04pm Oct 21, 2020 2:04pm
Quoting Josephtky725
Hi, does anyone created an EA for this?
If if he has, this is neither the place to share it nor to discuss it.

What were BigE's actual words about EAs?
Post #139
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...
Here are the very important words, "We don't want any EA's." Notice that important qualifier-ANY. To help those that have comprehension problems with English, we can reorganize this to "We want NO EA's."

It is important when performing the textual exegesis to not pull the words out of context, but to study not only the immediately surrounding text, but other text that the writer has presented on the subject. An important element in the analysis that is too often overlooked is what is NOT said.

There are a variety of EAs that have a range of functionalities. There could very well be EAs that would provide some type of aid for some people. But that fact becomes moot and unproductive to discuss, because from post #139, it is very clear that BigE did not want EAs of any kind. If BigE were interested in having some kinds of EAS, for example "helper" EAs that could do something like sound an alert when a TDI green cross red occurred, then he would have included a list of exceptions for certain types of EAs. No exceptions were given.

So, for those of you that like the idea of using EAs in this thread, consider the wishes and WORDS of BigE and decide if you will show respect for his wishes and not discuss EAs in this thread, or simply treat the thread as the Dump Thread and do whatever you feel like doing.

You can try to keep the thread on track (with ONLY HA bars, TDI, and stochastics), or add more to the Dump. You're free to choose.
To free Gazans of Hamas, use whatever it takes.
  • #110,048
  • Edited Oct 22, 2020 5:47am Oct 21, 2020 2:16pm | Edited Oct 22, 2020 5:47am
Quoting DrDave
{quote} "When the narcissist has been accused of some undesirable behavior, his need to feel superior to all others typically results in a fierce "counter-attack" on the accuser. projecting that very behavior back to the accuser in a usually successful attempt at shifting the focus onto the accuser and painting him as the offender. Even a simple benign suggestion can provoke the narcissist into a caustic assault, simply because in his distorted perspective, he believes that the person offering the suggestion is actually sending criticism about a...
The narcissist's relationship with his supporters (victims) is governed by self-interest. Eventually, the narcissist loses his earlier victims because, over time, the victims finally recognize that they have been duped and used!
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stay tuned!
To free Gazans of Hamas, use whatever it takes.
  • #110,049
  • Oct 21, 2020 3:03pm Oct 21, 2020 3:03pm
Quoting piple
{quote} Well done 'Dr' for bringing to my attention the nearly a decade old post by the OP, of blessed memory, which was no doubt relevant during that period in the evolution of this thread. But, asking Good Bro Emm for a download link to such a useful tool that was based on OP's ideas, does not in any way IMHO imply disrespect to his will, as you misdiagnosed. Permit me to ask, which kind of 'Dr' are you?

the kind that has many Fake_PhDs, Fake_MDs, aka FakeDrDave aka FakeTradingGURU aka DrDick { latest nick given by robots4me }

just for laughs...

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,050
  • Oct 21, 2020 3:15pm Oct 21, 2020 3:15pm
Quoting Josephtky725
Hi, does anyone created an EA for this?
Your question was asked by another member Moewet:
https://www.forexfactory.com/thread/...18#post4572818


YES. Several members did created several trading robot expert advisors since 2011. I have tested them all. The trading functions work according the user sepcified entry and exit conditions but you won't make money consistently over a long term due to the changing market conditions.

Someone did invited SteveHopwood to create an EA :
Trading Made Simple EA by Guess Whom
https://www.forexfactory.com/thread/...-by-guess-whom




Rather than auto-trading robots EA, I developed my own trade manager to manager my TMS MEME trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,051
  • Oct 21, 2020 3:23pm Oct 21, 2020 3:23pm
Quoting [B
FakeDrDave aka DrDick[/b];13224315]{quote} The narcissist's relationship with his supporters (victims) is governed by self-interest. Eventually, the narcissist loses his earlier victims because, over time, the victims finally recognize that they have been duped and used! {image}
The markets are speaking to you. Do you know their language?
Mental Fitness and Trading Psychology

Schizophrenia is a serious mental disorder in which people interpret reality abnormally. Schizophrenia may result in some combination of hallucinations, delusions, and extremely disordered thinking and behavior that impairs daily functioning, and can be disabling. People with schizophrenia require lifelong treatment.

Schizophrenics hear voices in their head. Traders suffering from Schizophrenia listen to the market talking to them and they struggle everyday trying to learn the market' language.
Some people describe the voices they hear as friendly and pleasant, but more often they're rude, critical, abusive or annoying. The voices might describe activities taking place, discuss the hearer's thoughts and behaviour, give instructions, or talk directly to the person.


https://www.forexfactory.com/attachm...1&d=1603307752
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,052
  • Oct 21, 2020 3:30pm Oct 21, 2020 3:30pm
Quoting [B
FakeDrDave aka DrDick[/b] ;13224020]{quote} Sorry to tell you, but ToxicFakeTrader aka emmanuel7788 got you on the hòok! He has made several replies to you, right? But he has not given you a STRAIGHT ANSWER to your question, has he? I don't even read his posts (I have him on Ignore so they are collapsed) and I am confident that my above analysis is correct, because the leopard does not change his spots, and he also keeps returning to fertile hunting grounds.
LOL.

Talking to another Additional Username
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,053
  • Oct 21, 2020 3:41pm Oct 21, 2020 3:41pm
Quoting hasib
I am forward testing this strategy in the H4 chart. I am trading 28 pairs with this, So far getting mixed results, If you have any recommendations Let me know. Thanks {image}
Learn from the OP Big E how he was blending different systems/methods to create new ones.

Hi 5-Method was a blending of other systems/methods - Craig Harris Stochastics + Synergy + { one more }.

Similar concept of COWABUNGA trading system approach.

Plus following the concept of Triple Screen Trading System by Dr. Alexander Elder.

that smTMMS Oscillator by SwingMan is a nice tool, its an AIO hybrid type indicator to show various technical studies All-In-One. Using the AIO tool, it is more conservative than my own trading style. Big E was a very aggressive trader with his reversal entries.

You chart show true REVERSAL setup - HA PA + 5EMA + Stoch(8,3,3).
By adding another oscillator as filter, the number of trades reduces by 36%.... COWABUNGA development study.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,054
  • Oct 21, 2020 7:15pm Oct 21, 2020 7:15pm
Quoting Tekkies
{quote} Ghost, please read TDI full.pdf. Your entery's are close to level 68.
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That member's TDI trade failed and it was not because his entry was close to the 68-level.


Many trades taken based on the TDI cross will fail because of Price Action + Support & Resistance and not knowing the prevailing market conditions.

One of the many failures of newbie traders trading with the TDI is they do not know how to use this pic and apply on their trading charts.

If you are trading the M30, which trend is your M30?

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1) Reversal trades are very risky, therefore when you want to trade reversals, you need to have the trend/swing conditions checked first. Know the Primary (Dominant) Trend.

2) Then the next condition check is where recent support and resistance are.

3) Then the next condition check is if the price in in a consolidation or if the price is near to a consolidation.

4) The next important is the Price Action, is there a True REVERSAL setup. Do you know what a True REVERSAL setup is?

You have to know all these above when you open your charts and when you see a TDI cross signal you already know well ahead in time ... how to trade, ... what to trade, ... when to trade ... then taking clean trades would be a breeze.

The member Gh0stRider did not follow SIMPLE Rules... he spent too much time on the TDI.

stay tuned!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,055
  • Oct 21, 2020 7:27pm Oct 21, 2020 7:27pm
Quoting TheScorpS
Have been trading GJ for the last couple of weeks but cant resist trading EA again , 2 trades since yesterday Emmanuel , on daily theres an Inside Bar candle, do u see it as a bearish breakout tomorrow for some quick H1 trade ? {image}

EURAUD pulled back from a historical level

Traders trading the Forex Futures market will know when not to trade.

I noticed the AUD pairs on Oct 19 and my post :
https://www.forexfactory.com/thread/...5#post13221915


Spot forex traders see these charts, they chase the 'buyers' day after day with their small stops, and get slaughtered by the smart money.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,056
  • Oct 21, 2020 8:02pm Oct 21, 2020 8:02pm
About Drawdown and Recovery from Drawdowns

Trading Losses are inherent in every trading system. There is no system with 100% win rate. Limit your losses by knowing how much your system design can deal with and have a trade recovery plan for every trading cycle. My trading cycle is 20-trading days.

Drawdown DD is something which kill many trading accounts.
In her book title “Millionaire Traders”, Kathy Lien and Boris Schlossberg touch several aspects on the Art of Trading. There are a lot you have to learn from and master them.

Managing drawdowns and recovery require constant attention to details and diligent work.
I need to keep my drawdown to 10% and a maximum of 20% per trading cycle of 20-trading days because the recovery is very difficult to do above 20% DD.

Statistics taken from books shows that:

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Read this money management report:

This Money Management Report pdf [click to download] has some information you can use.

What is an acceptable drawdown to you? {link}
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,057
  • Oct 21, 2020 11:53pm Oct 21, 2020 11:53pm
Do anyone have all close order pointer in chart indicator for Mt4. I don't have to drag the order It will automatically show close order history on the chart.
Mt5 has this in the platform but Mt4 doesn't have it.
MA provides the market's current direction and strength.
  • #110,058
  • Oct 22, 2020 12:40am Oct 22, 2020 12:40am
Quoting hasib
Do anyone have all close order pointer in chart indicator for Mt4. I don't have to drag the order It will automatically show close order history on the chart. Mt5 has this in the platform but Mt4 doesn't have it.

https://www.forexfactory.com/thread/...-trade-history
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #110,059
  • Oct 22, 2020 1:32am Oct 22, 2020 1:32am
Quoting emmanuel7788
{quote} Mental Fitness and Trading Psychology Schizophrenia is a serious mental disorder in which people interpret reality abnormally. Schizophrenia may result in some combination of hallucinations, delusions, and extremely disordered thinking and behavior that impairs daily functioning, and can be disabling. People with schizophrenia require lifelong treatment. Schizophrenics hear voices in their head. Traders suffering from Schizophrenia listen to the market talking to them and they struggle everyday trying to learn the market' language. Some...
emmnual my dear friend,i tried to write u in private but your messaging is disabled,plz stay away from negativity,whenver we engage in argument or defending our point,sometimes it goes too far and toxic and it becomes a cycle to feed,it will take time to break it ,why all of you dont try to break tis cycle and avoid feeding and replying to negative comments,if one will stop,another will be tired n stop,this war is going on for years now,i come to this thread because there is lot to learn from all of you,but this negativity spoils our mood and experiences.Thanks!
  • #110,060
  • Oct 22, 2020 2:49am Oct 22, 2020 2:49am
Quoting hasib
Do anyone have all close order pointer in chart indicator for Mt4. I don't have to drag the order It will automatically show close order history on the chart. Mt5 has this in the platform but Mt4 doesn't have it.
Hi

You can try this : codebase

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Just sign on if you are not a member yet.

Trade well.

Mos
Don't limit yourself!!
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