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Trading Made Simple

  • #111,201
  • Edited 2:16am Nov 17, 2020 2:00am | Edited 2:16am
Quoting hasib
{quote} Brother EM thanks for sharing. I have good news I have got a 58% win rate in the same semple. Hope it will continue in other pair and other market conditions. I have to test my current ideas. I will read mehdi343 work. After eyeballing Mehdis work it seems interesting. After testing my ideas I will work on Mehdi's idea Let's see how it performs.

Hi everybody,

hasib,
Have you seen this post posted by emmanuel7788?
I hope it helps!

Many many thanks and God bless to:

loveevery1
X-Man
mehdi343
and this man too:
RobinHood with this thread

and God bless everyone!
The only impartial feeling is love. It is also the only feeling of God.
  • #111,202
  • Nov 17, 2020 2:46am Nov 17, 2020 2:46am
Quoting emmanuel7788
EURUSD Nov 17 buy >1.850 to 1.875ish SL 50pips TP ... let market decide use %risk $$$ do trade positions size. {image}

EURUSD Nov 17 H1 London Open

- H1 price has moved but the TDI is lagging

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Nov 17 H1 TDI lagging 17-11-2020 4-43-45 pm.png Size: 69 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,203
  • Nov 17, 2020 3:08am Nov 17, 2020 3:08am
Quoting lucky1359
{quote} Dear Emmanueal, Very Good Morning. Hope you would be in good of your health and high spirits. I needed a little help of yours. I am not getting candles in pipware chart. What changes have to be made in settings for seeing the candles in pipware chart. Attached image for your understanding. Please help {image} {image} i want the candles in pipware instead of the lines. Thanks in Advance Thanks & Regards
Dear Emmanueal,

Can you please help me

Thanks & regards
  • #111,204
  • Nov 17, 2020 3:25am Nov 17, 2020 3:25am
Quoting lucky1359
{quote} Dear Emmanueal, Very Good Morning. Hope you would be in good of your health and high spirits. I needed a little help of yours. I am not getting candles in pipware chart. What changes have to be made in settings for seeing the candles in pipware chart. Attached image for your understanding. Please help {image} {image} i want the candles in pipware instead of the lines. Thanks in Advance Thanks & Regards

Hi

I am good and all going well in life.

I look at your attached setting and they are okay to show the candles in the sub-window.
So I am not sure what the issue is.
Try this just to test if the pipware-charts indicator is running, set both the MAOn and MA2On to true and see if the MA lines appear.

Try re-start MT4.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #111,205
  • Nov 17, 2020 4:09am Nov 17, 2020 4:09am
Quoting LvMMT
{quote} Hi everybody, hasib, Have you seen this post posted by emmanuel7788? I hope it helps! Many many thanks and God bless to: loveevery1 X-Man mehdi343 and this man too: RobinHood with...
I almost read all the post of Robinhood, I love this Method. very straight forward clean information. After reading RH method I decided to learn more about the strategy. NOw I have found mehdi343 I will read it too. Thanks for shareing.
MA provides the market's current direction and strength.
  • #111,206
  • Edited 4:53am Nov 17, 2020 4:25am | Edited 4:53am
Quoting Tekkies
{quote} Post#1......I wanted a method that was simple, worked on all timeframes, simple rules, few indicators.... that when looking at my simple chart it just shouted out what I needed to do....
Hey Tekkies. I was pretty sure you will be going to write something like that after my post defending what BigE called to be simple.

Here's the thing (My personal opinion, please don't attack me for it).

1.) A new trader maybe doing better with trading one market at a time just observing things for at least some months for a specific time of the day he/she/it can easily do so by not using any indicators or having things attached to the chart which could influence decisions or confuse with anything else which is really important

A) What YOU (the trader) will think/do looking for a trade.
B) What YOU (the trader) will think/do once opened a trade.

This will hopefully burn more useful information into the brain of the trader he/she/it will later need to become hopefully more successful instead of starting with some hybrid mashup of a "fools proof" "simple" indicator based "method" right at the beginning of his/her/it career.

2.) A new trader will then hopefully also learn that the entry/exit (especially if you don't want to hold trades for hours/days/weeks/months) is rather unimportant compared to what the trader will think/do/react in the moment the trade is on (not having used monopoly money), because all your previous "analytics" goes out the window at that time you enter the trade with your real money and emotions coming in. This is where any in theory nice sounding risk/reward crap goes out the window too, because you can try to hit 20 Pips by risking 10 Pips but what are you going to do if the market just moved 8 Pips in your favor then? Do nothing? Letting it crash your hard SL then and maybe losing on that trade a -10 instead booking in 8 green pips? Fun fact, you can even end up with a bigger loss than expected due to some unexpected price spike in a blink you might even get stopped out for far more than -10 because the broker couldn't execute your "planed" SL or didn't want to execute it. So even what you plan was to risk on a single trade is not 100% bullet proof to be respected as well.

This will, once again, burn hopefully more useful information into the brain the trader will later need to become hopefully more successful.

3.) After doing this for let's say a year or two years and started to really focus on rather being/staying overall profitable managing the money/risk and emotions looking at one single market for a specific time window of the day.

This will, once again, burn hopefully more useful information into the brain he/she/it will later need to STAY hopefully profitable.

4. At this stage you might found out that you CAN use an indicator to help you with your trading decisions. But perhaps also found out that you DON`T NEED any of them any longer telling you things which you cannot answer your self by watching the chart for a quick moment seeing price action on the chart for the time of the day you were trained to look at.

Because here's the thing again. Even if you then have gone through all of your 911 "simple" rules of the TDI checklist before placing a trade like

- Does the TDI gave me signal (green/red crossing over)
- Does TDI "momentum" look good (angle)
- Does Stock confirm
- How does the size of the candles looks (big, small, wicks)
- How does price action generally looks like
- Is there anywhere S/R near my entry (highly subjective)
- Do i have to check even more multiple time frames on that chart to be in agreement with what i just found out to validate my potential entry? (Which is actually NOT changing a thing, price will be still the same price on the Daily Chart as it will be on the M1 chart and clock time on the Daily Chart will be still the same as it will be on the M1 Chart).

What other "simple" rules i have forgotten BigE left traders with to make sure the trader will have at least a 60-70% win rate after having applied all this correctly?

Do you really call this "simple"?. Well at least for me this doesn't really sound simple and probably is more of confusion to a new trader than it actually helps. At least thats what it is/was to me. Because in the end it really comes down to the trader if self again right? How he/she/it thinks, reacts and controls money/risk/emotions.

BigE probably knew all this only too well because he already traveled that dirty road of trading a technical price chart without all these add-ons and created something out of it he called "simple" for HIM SELF.

Does it therefor mean to be "simple" for anyone else because some anonymous person who never backed his claims nor provided any statistics for his "simple" method/system/strategy (or what you call it) wrote so on a public internet forum? So at least a new trader/person coming to it could easily see all these preaches have some substance? What is simple is, creating a topic and call it "trading made simple" so some new traders will be amazed by the words and step in, having a look, then they get shocked...

You maybe modified all these rules to make it work for YOU. You see not even the rules it self can be the same why otherwise have you modified things like using a normal candle stick chart instead of HA price bars? Again, most of these rules, can be interpreted completely different from one person to another person because the TDI and the Stock and all these other rules you go through every time you get a signal by trading from one TDI cross over to the next on your M15/H1 chart combination are rather subjective than objective. And that alone leaves so much room for failure, so the outcome can be different and will be different from one person to another person.

Thats why i gave the advice i gave. Not because i don't believe that the TDI or Stochastic Indicator is not doing what the programmer wanted to do with it to do. Its more because i think especially new traders don't understand that having an indicator is giving a alleged security to a trader he/she/it can then after the event blame any failure on it, neglects what is really important, the man/women or non-binary person sitting in from of the screen, pressing the buttons.
  • #111,207
  • Nov 17, 2020 4:46am Nov 17, 2020 4:46am
Hi EM
I have found out this (https://www.forexfactory.com/thread/...-by-guess-whom)
Thread. I have installed the EA. I have found The Pdf too. I am reading it now. If you have any recommendations or any important posts you think I should read please share. I get very interested when I saw a semi-automated.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 60 KB
MA provides the market's current direction and strength.
  • #111,208
  • Nov 17, 2020 4:49am Nov 17, 2020 4:49am
Quoting lddd
{quote} Hey Tekkies. I was pretty sure you will be going to write something like that after my post defending what BigE called to be simple. Here's the thing (My personal opinion, please don't attack me for it). 1.) A new trader maybe doing better with trading one market at a time just observing things for at least some months for a specific time of the day he/she/it can easily do so by not using any indicators or having things attached to the chart which could influence decisions or confuse with anything else which is really important...
You make some good points. But this one
3.) After doing this for let's say a year or two years
This is the killer for most people. If you look at statistics that various brokers have provided, you will see that a majority of their clients close their accounts within 6 months, and then another big percentage close within 1 year. So, do you REALLY think that people are going to spend 1-2 years "doing this"? According to these statistics, no way. People want instant success. They want a gold bar handed to them on a platinum platter, and then they want to take the platter, too!
To free Gazans of Hamas, use whatever it takes.
  • #111,209
  • Nov 17, 2020 4:59am Nov 17, 2020 4:59am
Quoting hasib
Hi EM I have found out this (https://www.forexfactory.com/thread/...-by-guess-whom) Thread. I have installed the EA. I have found The Pdf too. I am reading it now. If you have any recommendations or any important posts you think I should read please share. I get very interested when I saw a semi-automated. {image}
That is OLD NEWS, hasib! That has been raised (too) many times in this thread. It looks like you have not invested the time into reading this entire thread.

child: "Hey dad, I am going to university to study engineering!"
father: "That's great, son! I hope that you will do well and learn a lot of other things than just engineering as well during the next 4 years."
child: "Come again?!?! What do you mean 4 years, and what is this talk about learning 'other things'"?
father: "Well, son, engineering incorporates a number of disciplines including mathematics, physics, geometry, materials science, etc. But you don't want to become highly specialized in just engineering, so you will will also study other areas such as literature, art, music, etc."
child: "WH-A-A-A-T are you talking about?!?! You think that I am going to go through 4 YEARS of THAT!?!?! Hrrmpff! Where did I put that advertisement for workers at McDonalds..."
To free Gazans of Hamas, use whatever it takes.
  • #111,210
  • Nov 17, 2020 5:04am Nov 17, 2020 5:04am
Quoting hasib
Hi EM I have found out this (https://www.forexfactory.com/thread/...-by-guess-whom) Thread. I have installed the EA. I have found The Pdf too. I am reading it now. If you have any recommendations or any important posts you think I should read please share. I get very interested when I saw a semi-automated. {image}
If you have any recommendations...
I recommend that you take your questions and comments about this EA to that thread or other threads where it is relevant.

BigE made it VERY CLEAR that he wanted NO EAs and no discussions of EAs in this thread! Seems odd how so many people blithely disrespect that wish of his.
To free Gazans of Hamas, use whatever it takes.
  • #111,211
  • Nov 17, 2020 5:08am Nov 17, 2020 5:08am
Quoting DrDave
If you look at statistics that various brokers have provided, you will see that a majority of their clients close their accounts within 6 months, and then another big percentage close within 1 year. So, do you REALLY think that people are going to spend 1-2 years "doing this"? According to these statistics, no way. People want instant success. They want a gold bar handed to them on a platinum platter, and then they want to take the platter, too!
Yes, right. People want to have instant success with having to spend less time as possible for highest returns possible. Find the error?

After the ESMA stepped in and gave EU clients less leverage brokers now also have to put on their landing pages some kind of risk disclaimer. It often looks like this "76% of retail investor accounts lose money when trading".

Fun fact, do you think brokers count less clients since then? Noooo way. They even have more clients than ever before
  • #111,212
  • Nov 17, 2020 5:35am Nov 17, 2020 5:35am
who post that picture. if it is done by BigE your correct. observe it did you see ea on the chart.

Yes, Big E also uses EA. but He said not to talk about ea here because a lot of people will promote their paid ea here and this thread will become a commercial thread. That is why he said not to talk about ea. He wanted to help a lot of general people for free. I am talking about free ea.
Yes, I don't read 111220 posts, because I am lazy.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-12.gif Size: 26 KB
MA provides the market's current direction and strength.
  • #111,213
  • Nov 17, 2020 5:38am Nov 17, 2020 5:38am
Quoting lddd
{quote} Yes, right. People want to have instant success with having to spend less time as possible for highest returns possible. Find the error? After the ESMA stepped in and gave EU clients less leverage brokers now also have to put on their landing pages some kind of risk disclaimer. It often looks like this "76% of retail investor accounts lose money when trading". Fun fact, do you think brokers count less clients since then? Noooo way. They even have more clients than ever before
do you think brokers count less clients since then? Noooo way. They even have more clients than ever before

That is well documented behavior: Even when presented with statistics showing the poor performance of a large percentage of people, most individuals maintain a position of "but I am not the AVERAGE person, I am much better than that", failing to accept that it is more likely that he is INDEED the AVERAGE person and not some point in the right tail of the distribution.

Current economic conditions have resulted in more people looking for a quick way out of their worsening monetary position that requires a rather small capital investment. Brokerages are capitalizing on this with more advertising on every online venue that they believe, from demographic analysis, will bring more clients.
To free Gazans of Hamas, use whatever it takes.
  • #111,214
  • Nov 17, 2020 5:41am Nov 17, 2020 5:41am
Quoting hasib
who post that picture. if it is done by BigE your correct. observe it did you see ea on the chart. Yes, Big E also uses EA. but He said not to talk about ea here because a lot of people will promote their paid ea here and this thread will become a commercial thread. That is why he said not to talk about ea. He wanted to help a lot of general people for free. I am talking about free ea. Yes, I don't read 111220 posts, because I am lazy.
I agree this thread is realllllllly looooooonnnnnng, but definitely need some reading over many of them (I would say go ahead and read ALL recommended by fellow FF members).
My suggestion is if you want to stick to a strategy, read as much as you can, and study the chart as much as you can. Then and only then you will understand a bit of the strategy. Then some practice, then you can start using the strategy with high enough discipline and a better chance to BreakEven at first if not earning a cent.

I was like you, browsing all over the forum for a "good" strategy. If you test them only for a week or two, you will find them all Failed for some reason. I picked 3 strategies here on FF, one for auto trade one for manual trade and one just for learning an indicator. I can say I read 99% posts in that threads. It took me a week. Then I studied the strategies on my charts, another week. And then I started forward tested and found that I was at 0% chance to profit from them. But the trick is you now know the concept behind the strategies after all these studying. So by then you have the possibility to start "learning" the strategies like learning to cycle. I would say I am seeing some light finally, and unfortunately, they are not exactly the rules written on the posts, because now they are YOUR STRATEGIES.

Learn. Patience. FOCUS
  • #111,215
  • Nov 17, 2020 5:45am Nov 17, 2020 5:45am
Quoting hasib
who post that picture. if it is done by BigE your correct. observe it did you see ea on the chart. Yes, Big E also uses EA. but He said not to talk about ea here because a lot of people will promote their paid ea here and this thread will become a commercial thread. That is why he said not to talk about ea. He wanted to help a lot of general people for free. I am talking about free ea. Yes, I don't read 111220 posts, because I am lazy. {image}
Yes, Big E also uses EA.
Please, post the link to the post(s) of BigE where he said that he uses EAs!
To free Gazans of Hamas, use whatever it takes.
  • #111,216
  • Nov 17, 2020 5:49am Nov 17, 2020 5:49am
Quoting hasib
who post that picture. if it is done by BigE your correct. observe it did you see ea on the chart. Yes, Big E also uses EA. but He said not to talk about ea here because a lot of people will promote their paid ea here and this thread will become a commercial thread. That is why he said not to talk about ea. He wanted to help a lot of general people for free. I am talking about free ea. Yes, I don't read 111220 posts, because I am lazy. {image}
Yes, I don't read 111220 posts, because I am lazy.
Then, as a lazy person, how many posts are you willing to read???
To free Gazans of Hamas, use whatever it takes.
  • #111,217
  • Nov 17, 2020 6:22am Nov 17, 2020 6:22am
Quoting lddd
{quote} Hey Tekkies. I was pretty sure you will be going to write something like that after my post defending what BigE called to be simple. Here's the thing (My personal opinion, please don't attack me for it). 1.) A new trader maybe doing better with trading one market at a time just observing things for at least some months for a specific time of the day he/she/it can easily do so by not using any indicators or having things attached to the chart which could influence decisions or confuse with anything else which is really important...
Iddd, I agree with you.
That TDI checklist, when I started use it, it took me 10/15 minutes to do them all, now after (say two / three years) I do all those points in 5/8 seconds.

You keep doing what your are doing it, will become simple for you as well.

DrDave mentioned "People want instant success.

That is the problem, many come here, see Emmanuel, myne and other that do posted chart's, thinking that looks simple and it is not. How long have I and Emmanuel been at each other in this thread. I don't know about Emma, those post's have reinforced BigE's advice that it has become second nature when looking at a TDI setup.

Who is willing to spend five years learning one method?

I did.
Attached Image
  • #111,218
  • Nov 17, 2020 6:31am Nov 17, 2020 6:31am
Quoting lddd
{quote} Yes, right. People want to have instant success with having to spend less time as possible for highest returns possible. Find the error? After the ESMA stepped in and gave EU clients less leverage brokers now also have to put on their landing pages some kind of risk disclaimer. It often looks like this "76% of retail investor accounts lose money when trading". Fun fact, do you think brokers count less clients since then? Noooo way. They even have more clients than ever before
The lure of easy money.
  • #111,219
  • Nov 17, 2020 6:38am Nov 17, 2020 6:38am
Quoting emmanuel7788
{quote} Hi I am good and all going well in life. I look at your attached setting and they are okay to show the candles in the sub-window. So I am not sure what the issue is. Try this just to test if the pipware-charts indicator is running, set both the MAOn and MA2On to true and see if the MA lines appear. Try re-start MT4.
Thank you Emmanuel very much.
  • #111,220
  • Nov 17, 2020 6:38am Nov 17, 2020 6:38am
Quoting tommydoginti
{quote} I agree this thread is realllllllly looooooonnnnnng, but definitely need some reading over many of them (I would say go ahead and read ALL recommended by fellow FF members). My suggestion is if you want to stick to a strategy, read as much as you can, and study the chart as much as you can. Then and only then you will understand a bit of the strategy. Then some practice, then you can start using the strategy with high enough discipline and a better chance to BreakEven at first if not earning a cent. I was like you, browsing all over the...
BigE full.pdf will spare many hours.
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