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New Year Stress-free trading system for traders with patience

  • #61
  • Jan 16, 2021 4:44am Jan 16, 2021 4:44am
Quoting simnz
{quote} I am curious to understand why you use Excel RTD and not a script to generate cvc datafile in MT4? Script I am told does not have this limitation. CVC file can be saved as Excel and you can work with your formulas or indicators. Are there any indicators in Excel that can simulate as ADR or ATR?
Agree downloading history data from MT4 will give lot more bars and may have been a better option in hindsight for this analysis.

I prefer DDE Server or Excel RTD because it can continuously stream data into excel to be able to do analysis in real-time and have the ability to execute a trade or push notification/alert to my phone to check the market for trades when conditions are met. It also has the ability to extract indicator related data with a single command.
Example if I want to find out ATR for GBPUSD for last 21 bars on Daily Timeframe.
=RTD("FXBlueLabs.ExcelRTD", , "XXXXXX", "@atr,GBPUSD,D1,21,0")\

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #62
  • Jan 16, 2021 8:24am Jan 16, 2021 8:24am
Quoting garfield75
{quote} Agree downloading history data from MT4 will give lot more bars and may have been a better option in hindsight for this analysis. I prefer DDE Server or Excel RTD because it can continuously stream data into excel to be able to do analysis in real-time and have the ability to execute a trade or push notification/alert to my phone to check the market for trades when conditions are met. It also has the ability to extract indicator related data with a single command. Example if I want to find out ATR for GBPUSD for last 21 bars on Daily Timeframe....
How many Excel indicators are available at the Fxblue ExcelRTD server?
Practice makes a person perfect
  • #63
  • Jan 16, 2021 1:48pm Jan 16, 2021 1:48pm
Quoting simnz
{quote} How many Excel indicators are available at the Fxblue ExcelRTD server?
First post has pdf of excel rtd with list of indicators.

https://www.forexfactory.com/thread/...el-rtd-finally
Trading is SIMPLE not EASY.
  • #64
  • Edited Jan 18, 2021 12:08am Jan 17, 2021 6:29am | Edited Jan 18, 2021 12:08am
This is for elderlies ....and those with an open mind to learn serious trading.

Engaging in mentally stimulating activities such as reading, writing and playing games can improve brain health. Exercising your brain can help prevent beta-amyloid deposits from developing. These are the destructive proteins that have become the hallmark of those who develop Alzheimer’s disease.

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Demo traders can use this button indicator as per their bias.

1. Before pushing the button, please do some analysis by taking a look at the 8 to 10 horizontal lines of Closed Candles and form some opinion on whether to buy or sell or keep quiet.

It would be fun to enter trading through Pending Orders with TP and choosing timeframe to exit , without worrying about Stop Loss.

Keep notes on whether the Longs or Shorts run rapidly . If Longs run rapidly with smaller SL pips in tow, that means your risk is less. If Shorts run rapidly with larger SL pips as a baggage, then always look for Longs to reduce your risks.

Until that probability of optimum Stop Loss Pips is determined by you. keep using EA to liquidate trades by Time expiry. Time expiry does not mean you will always lose, you may end up with less profit.

In my 36 years of trading, I have not been able to make peace with my brain which does not allow me to exit trades. So I found this solution of EA making a decision for me by forced exit by time.
Attached File(s)
File Type: mq4 Directional_Bias_Button.mq4   13 KB | 573 downloads
Practice makes a person perfect
  • #65
  • Jan 18, 2021 1:05am Jan 18, 2021 1:05am
TRADING MADE SIMPLE ....


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Indicator link : https://www.forexfactory.com/thread/...5#post13332165

Taking Exit by Time if TP not hit

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EA link: https://www.forexfactory.com/thread/post/13344607#post13344607
Practice makes a person perfect
  • #66
  • Edited 2:29am Jan 18, 2021 1:22am | Edited 2:29am
Buying at a discount or Selling with a premium - estimate the distance of Price travel up and down

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Practice makes a person perfect
  • #67
  • Jan 19, 2021 1:00pm Jan 19, 2021 1:00pm
Quoting Shabs19
{quote} I rarely visit the Trading Systems Forum, now I know why. Some huge claims here of a "proven", "profitable" system, entry decided on a coin toss ? Incredible. Would it not be better to direct people to Las Vegas where you might get free drinks & sandwiches and maybe some entertainment ? Losing your life savings gambling is not stress free. {image}
Dear Shabs,

if you think that any of the tousands of available MT4 indicatos will give you any advantage over the random coin flip over the long term, I have some bad news for you. You dont have to believe, if you dont have a doctorate in applied mathematics or quantum physics, but I can assure you that you will learn it the hard way in the future.
Long term succesfull trading is NOT about the indicators.
Even the Baum-Welch algorithm using Markov chain stochastic model is not succesfull for an ordinary mortal (if ever applicable at all for such).

Best.
  • #68
  • Jan 19, 2021 4:01pm Jan 19, 2021 4:01pm
Quoting colombino
{quote} Dear Shabs, if you think that any of the tousands of available MT4 indicatos will give you any advantage over the random coin flip over the long term, I have some bad news for you. Best.
Indicators only tell you what's already happened, can they predict the future ? Simple answer, No they can't.
Coin Flip however is totally random, you cannot predict a call precisely, with luck maybe, and over 100's coin tosses you may get 50-50 right ?

Trading should not be about luck, however as a probability game, it is also often the probability that will also help you identify a possible trade, which can be very often predictable.

I think Newton's first law of motion is more practical than a fancy algorithm / stochastic "whatcha ma call it."

Trading is Human psychology at best, understand this and you may be closer to the truth.

Complex problems often have simple solutions, We as Humans have to make the simple into the complex.
It never gets easier, you just get better
  • #69
  • Jan 19, 2021 6:04pm Jan 19, 2021 6:04pm
may you make a video when you are trading with yur strargy. i dodnt understn your stratgy or can you write step by step
  • #70
  • Jan 19, 2021 10:09pm Jan 19, 2021 10:09pm
Quoting Shabs19
{quote} Indicators only tell you what's already happened, can they predict the future ? Simple answer, No they can't. Coin Flip however is totally random, you cannot predict a call precisely, with luck maybe, and over 100's coin tosses you may get 50-50 right ? Trading should not be about luck, however as a probability game, it is also often the probability that will also help you identify a possible trade, which can be very often predictable. I think Newton's first law of motion is more practical than a fancy algorithm / stochastic "whatcha ma...
Trading is not that complex. It's purely speculation and a game of probabilities.
Trading is totally different from handling mindset.
Handling mindset is of primary importance if you want to be a profitable trader.
Mindset is mostly about Greed and Fear. Which requires training your mind.
In my own humble way, I have focussed on training of mindset by intensive practice.

Trading with realistic TP based on probability pattern is designed to handle Greed.
And fighting Fear is to practice forced exit. Exit by Time is easy to do and don't have to struggle with your brain. In due course of time you learn how to fix the SL pip size in a realistic way.

In short, the idea is to have both wins and losses. This is another way of making mind accept the concept of Profit Factor rather than just wins.

In order to contain impulsive trading, my total focus is on the use of Pending Orders.

I have surreptitiously tried to train mind without getting psychologists involved.

And if you want to be a consistently profitable trader, then you have to practice for years before turning your intuition into a habit.

I am not here to prove something nor win any following.
Practice makes a person perfect
  • #71
  • Jan 19, 2021 10:57pm Jan 19, 2021 10:57pm
Quoting a_fearless
may you make a video when you are trading with yur strargy. i dodnt understn your stratgy or can you write step by step
I am afraid you have to read the thread and do it everything by self.
Practice makes a person perfect
  • #72
  • Jan 25, 2021 1:11am Jan 25, 2021 1:11am
Valuable stuff on relating trading to probabilities.
Focus on not getting overloaded with any information if you want to be a decisive decision maker.
Manual trading needs practice with NO PLAN to start with.
Worth getting involved in valuable concept building exercise just started by another FF member.
https://www.forexfactory.com/thread/...7#post13374187
Practice makes a person perfect
  • #73
  • Jan 26, 2021 10:05am Jan 26, 2021 10:05am
Quoting Shabs19
{quote} Indicators only tell you what's already happened, can they predict the future ? Simple answer, No they can't. Coin Flip however is totally random, you cannot predict a call precisely, with luck maybe, and over 100's coin tosses you may get 50-50 right ? Trading should not be about luck, however as a probability game, it is also often the probability that will also help you identify a possible trade, which can be very often predictable. I think Newton's first law of motion is more practical than a fancy algorithm / stochastic "whatcha ma...
Hi Shabs,
May I suggest that seeing that the markets are BELIEF driven, each trader out there including the "Big Boys", believes that he/she has a winning trade in front of him/her after studying the charts? How they achieve it, whether by using indicators or not, is what matters in the end. I like what Simnz has said in the posts above. More traders should pay attention to this wise man.
Hercs.
Hercs
  • #74
  • Jan 30, 2021 3:36am Jan 30, 2021 3:36am
Those who can learn by observing (not by hand holding) will benefit from the posts of OHLC traders that I will curate from time to time enhancing my own simple trading method skills.
Walk the Talk from a fun-loving discretionary trader
https://www.forexfactory.com/thread/...-discretionary
Practice makes a person perfect
  • #75
  • Feb 24, 2021 8:49am Feb 24, 2021 8:49am
Quoting simnz
Can FF members please post some simple trading systems that do not use indicators to forecast direction. I am 72 and as a social project teach elderlies who enjoy trading as a game to keep their brain active and make some passive income from it. As an example, this is a simple proven manual trading system - profitable for those who are willing to practice and keep patience to enjoy it as a funful individual sports. It is not meant for those looking for Quick Gains or Effortless Success or those having impatience to see money tree being planted....
Hooray - I am not alone !
every Saint has a past. Every Sinner has a Future
  • #76
  • Feb 24, 2021 12:04pm Feb 24, 2021 12:04pm
I don't get the idea of this thread, you ask for a system with no indicators then this thread is just full of indicators?

Anyway, I scalp price action on the 1 minute charts, looking at round levels and daily opens as action areas.
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?
  • #77
  • Edited 10:56pm Feb 24, 2021 10:36pm | Edited 10:56pm
Quoting HRTrading
I don't get the idea of this thread, you ask for a system with no indicators then this thread is just full of indicators? Anyway, I scalp price action on the 1 minute charts, looking at round levels and daily opens as action areas. {image}
Trading for me is entirely own thing to do it. Practice, practice and Practice is what is needed. Nothing beats trial and error ways.

Indicators are not meant for generating signals. Those indicators cripple the mind's capability to take decisions independently.

Indicators and EAs that provide information, markers for lines, zones, times and generate statistics or visuals to that effect besides helping manage transactions are most welcome.

Round level kind of marking indicators are most welcome.

Please provide the round level indicator and similar tools which you think will contribute to discretionary trading .

Thank you.
Practice makes a person perfect
  • #78
  • Feb 28, 2021 9:50am Feb 28, 2021 9:50am
Hello Simnz,
Further to our discussion, I have the pleasure of attaching the indicator for your kind perusal and comment(s).
Continued success to you and the "team".
Best wishes,
Hercs.
Attached File(s)
File Type: mq4 OpenPriceLine_TRO1_1W_LE.mq4   6 KB | 478 downloads
Hercs
  • #79
  • Mar 3, 2021 10:54am Mar 3, 2021 10:54am
I have set up a thread specifically for pensionrs and retirees to look at another way of generating passive income while taking a limited and defined risk.
https://www.forexfactory.com/thread/...s-and-momentum
Practice makes a person perfect
  • #80
  • Mar 24, 2021 1:24am Mar 24, 2021 1:24am
Quoting Hercs
Hello Simnz, Further to our discussion, I have the pleasure of attaching the indicator for your kind perusal and comment(s). Continued success to you and the "team". Best wishes, Hercs. {file}
Using your indicator I have set up a Big Picture Trading Planning Template for people doing discretionary trades.
Indicators are attached.
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Attached File(s)
File Type: mq4 OpenPriceLine_TRO1_1W_LE (1).mq4   6 KB | 443 downloads
File Type: mq4 Open_Percentage.mq4   7 KB | 480 downloads
File Type: ex4 Daily-Weekly Open_mod.ex4   9 KB | 439 downloads
File Type: tpl Big picture open week and first hour.tpl   66 KB | 430 downloads
File Type: ex4 FirstHourHiLo v1.1.ex4   7 KB | 488 downloads
Practice makes a person perfect
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