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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #116,281
  • Edited 12:20pm Jan 30, 2021 11:59am | Edited 12:20pm
Quoting DrDave
{quote} I disagree with your conjecture of "there is no less risky entry".
Less risky entries are also created by having a good R:R ratio.
There are portfolios with 90-93% win ratios,so it should be possible unless it is pure luck,right? I don't think it is pure luck.
It is a combination of chart reading,patterns,strategy and proper risk reward ratio,the wider the your stop is the lesser chances your stop would hit..
So,many things are combined together to achieve this rate of success.
  • #116,282
  • Jan 30, 2021 12:21pm Jan 30, 2021 12:21pm
Thank you Tekkies for sending the tdi update to metatrader 5. I have a question, is the moving average still EMAS 5? I want to do backtesting in periods of 8 hrs I put that EMAS 5 and it looks different from the original ... will it work or is it another MA?
  • #116,283
  • Jan 30, 2021 1:22pm Jan 30, 2021 1:22pm
Quoting Mercayx16
Thank you Tekkies for sending the tdi update to metatrader 5. I have a question, is the moving average still EMAS 5? I want to do backtesting in periods of 8 hrs I put that EMAS 5 and it looks different from the original ... will it work or is it another MA?
It’s EMA (close,5) shift 3 for original TMS. Also remember to use HA candle.

does it help?
  • #116,284
  • Jan 30, 2021 1:37pm Jan 30, 2021 1:37pm
Quoting tommydoginti
{quote} It’s EMA (close,5) shift 3 for original TMS. Also remember to use HA candle. does it help?
It is set at typical price and not close when I was using it
the cautious seldom err....C
  • #116,285
  • Jan 30, 2021 3:18pm Jan 30, 2021 3:18pm
Quoting Mercayx16
Thank you Tekkies for sending the tdi update to metatrader 5. I have a question, is the moving average still EMAS 5? I want to do backtesting in periods of 8 hrs I put that EMAS 5 and it looks different from the original ... will it work or is it another MA?
The same.
Attached Image
  • #116,286
  • Jan 30, 2021 3:47pm Jan 30, 2021 3:47pm
Quoting DrDave
{quote} If you have followed my posts, you have seen several indicators that I used including TDI, stochastics, MACD, MA. They all lead to essentially the same entries/exits when used with Intrinsic Market Timing. I disagree with your conjecture of "there is no less risky entry". Mark at least 30 instances of a 3-bar swing on any TF. Begin numbering at 1 for the swing bar. Study 1 If bars 1 and 2 are down bars, enter a sell at the open of bar 3. If bar 3 closes as a down bar, mark "success"; otherwise, mark "fail". Find the percent success and the...
What's that with Double DC. What is the value of your Double DC. How you use Double DC.
MA provides the market's current direction and strength.
  • #116,287
  • Jan 30, 2021 5:12pm Jan 30, 2021 5:12pm
Thanks for your help! is it still important to use stochastic?
  • #116,288
  • Jan 30, 2021 5:17pm Jan 30, 2021 5:17pm
Quoting Mercayx16
Thank you Tekkies for sending the tdi update to metatrader 5. I have a question, is the moving average still EMAS 5? I want to do backtesting in periods of 8 hrs I put that EMAS 5 and it looks different from the original ... will it work or is it another MA?
@Mercayx16

You want the original indicators and setting used by the OP of this thread ... Big E.

MT5 Indicators download
see this post #105,894
https://www.forexfactory.com/thread/...1#post13025231

The 5EMA is Exponential, Typical Price and has two different settings its either Shift+2 or Shift+3


Attached Image (click to enlarge)
Click to Enlarge Name: EMA shift2.png Size: 44 KB


attached MT5 template
Attached File(s)
File Type: tpl #0_TMS Basic template.tpl   9 KB | 599 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,289
  • Jan 30, 2021 5:19pm Jan 30, 2021 5:19pm
Quoting pips29
{quote} It is set at typical price and not close when I was using it

Yes. I use this same 5EMA, Exponential, Typical Price with Shift+2.

Typical Price + APB HA candle make the difference.

Amazing how people still get this basic wrong.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,290
  • Jan 30, 2021 5:46pm Jan 30, 2021 5:46pm
thank you! but what is the difference with shift 2 than shift 3?
  • #116,291
  • Jan 30, 2021 5:47pm Jan 30, 2021 5:47pm
Quoting Tekkies
{quote} The same. {image}

It is 5EMA ... letter E is for Exponential


not SMA.
Attached Image (click to enlarge)
Click to Enlarge Name: Tekkies #116,287 5ema wrong 31-1-2021 7-08-02 am.png Size: 88 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,292
  • Jan 30, 2021 5:54pm Jan 30, 2021 5:54pm
Quoting Mercayx16
Hi I'm looking this strategy and that's awesome. I'm try to download on metatrader 5 and I cant do download tdi green...One question its compatible this custom indicator on met 5? Thanks Yoselyn

@Mercayx16

It's your first post in this thread.
Welcome to Trading Made Simple

I have this for you:

Introduction to Trading Made System

To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started as a newbie in 2008. Know the history and you will learn a lot from the OP and when you have mastered the 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems.

Trading Made Simple for beginners : Post#52,707

A short history by pioneer member snarlyjack Post#110

Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,

After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432

In Post#1, he explained how he traded the H4 chart timeframe and he also traded the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.

Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.

TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432

The original indicators and template Post#25
When you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.

Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.

Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.

Important to Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

Big E was a rule-based discretionary trader. According to studies by Dr Van K Tharp this rule-based discretionary are the best traders,

Enjoy and Have fun during your learning journey..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,293
  • Jan 30, 2021 6:17pm Jan 30, 2021 6:17pm
Quoting hasib
{quote} you started using DC. Good decision. I disagree with you one point that is every entry is risky in Fx mark at list to the extent of sl. So unless your future teller there is no less risky entry. If read Trading in the zone you should know it.

every trade setup has risks.

we just need to follow the OP Big E and pick the best setups (A+++ setups) to trade.

https://www.forexfactory.com/thread/...02#post8794602

if every trade risk is R and you use Positions Sizing for every trade, you will lose only 1R or less.

but when you make 5Rs in profits, then how many winning trades do you need to breakeven and then become profitable?

Trading is a game of Expectancy.

Attached Image (click to enlarge)
Click to Enlarge Name: 2R Expectancy.png Size: 128 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,294
  • Jan 30, 2021 7:00pm Jan 30, 2021 7:00pm
thank you Emmanuel for your help! I am interested in using the Big E system on 8 Hr charts but I cannot download the original red and green tdi. They helped me a few posts ago but it is not the original because it is for MetaTrader 5. Do you have the original red and green tdi for met 5?
  • #116,295
  • Edited 7:41pm Jan 30, 2021 7:16pm | Edited 7:41pm
Quoting Mercayx16
thank you Emmanuel for your help! I am interested in using the Big E system on 8 Hr charts but I cannot download the original red and green tdi. They helped me a few posts ago but it is not the original because it is for MetaTrader 5. Do you have the original red and green tdi for met 5?
Hi you can refer to #116,224 here for the information and indicator. Downloadable at #25 is MT4.

The identities of green and red lines are explained in #116,242 here. Emmanuel does not know about that. If can’t obtain or verify a MT5 indicator, you can use the information and post a request in the “I will code .... “ in “Platform Tech” of this forum
  • #116,296
  • Jan 30, 2021 7:30pm Jan 30, 2021 7:30pm
Compliments @failinforex (https://www.forexfactory.com/thread/...3#post13386143)

Inserted Video
  • #116,297
  • Jan 30, 2021 10:11pm Jan 30, 2021 10:11pm
@ryuryu's post #116254 -- hidden by FF due to COC (Code Of Conduct) violation...

@ryuryu's comment: "...BigE died, so his words are some kind of Truth. Ok, then Hitler words are the same quality? He has died too..."

Also -- notice who "liked" that post -- @DrDave and @tommydoginti...
Attached Image (click to enlarge)
Click to Enlarge Name: ryuryu-BigE-Hitler.png Size: 513 KB


"5 Signs You've Met a Sociopath But Just Don't Know It..

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  • #116,298
  • Jan 31, 2021 12:05am Jan 31, 2021 12:05am
Quoting Mercayx16
thank you Emmanuel for your help! I am interested in using the Big E system on 8 Hr charts but I cannot download the original red and green tdi. They helped me a few posts ago but it is not the original because it is for MetaTrader 5. Do you have the original red and green tdi for met 5?
Hi Mercayx16

The original Traders Dynamic Index version which I have been using is from 2006/2007 from CompassFX. This is the same MT4 version which the OP used. It is the same version in Post#25.

The MT5 version was also available for download at the CompassFX website but has been removed when I last checked.

But you will find the same MT5 Traders Dynamic Index

Traders_Dynamic_Index - indicator for MetaTrader 5
Free download of the 'Traders_Dynamic_Index' indicator by 'Scriptor' for MetaTrader 5 in the MQL5 Code Base, 2018.12.28

But what is your platform"met 5"?
If you are still using MetaStock 5.0 that is very old release but you can still create the TDI using the platform' RSI and MA.
There is also a custom indicator named RSIMA.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,299
  • Jan 31, 2021 12:12am Jan 31, 2021 12:12am
Quoting tommydoginti
{quote} Hi you can refer to #116,224 here for the information and indicator. Downloadable at #25 is MT4. The identities of green and red lines are explained in #116,242 here. Emmanuel does not know about that. If can’t obtain or verify a MT5 indicator, you can use the information and post a request in the “I...

@tommydogie

do you really know the history of the Traders_Dynamic_Index?

you are 19 years old today and I have my TDI from 2006/2007.

how old were you in 2007? still in junior school in HongKong and after the 1997 handover to China.

There is no need to ask anyone in FF to code a MT5 version.

The download link is here below:
Free download of the 'Traders_Dynamic_Index' indicator by 'Scriptor' for MetaTrader 5 in the MQL5 Code Base, 2018.12.28


Grow Up young man and you still do not have the 'pebble' from sifu' hand.

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #116,300
  • Jan 31, 2021 12:40am Jan 31, 2021 12:40am
TMS_Arrows - indicator for MetaTrader 5

this is a nice one for TMS traders

Free download of the 'TMS_Arrows' indicator by 'Scriptor' for MetaTrader 5 in the MQL5 Code Base, 2018.12.28

you just need to filter which arrow is good to trade... follow Post #647 and pick only the best setups A+++ setups.

Attached Image (click to enlarge)
Click to Enlarge Name: EU MT5 with TMS arrows 31-1-2021 2-38-19 pm.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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