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Trading Made Simple

  • #117,581
  • Mar 13, 2021 2:54am Mar 13, 2021 2:54am
Quoting MalvernTrust
{quote} Wow :-) Good to know, I never heard TMS has EA. That would be helpful if you can share some info. Thanks

Hi MalvenTrust

Since the time Big E started his old thread in 2009, there were several auto-trading robot EAs by other members. None of the auto-trading robot EA has worked in the last 10 years when I tested all of them. This only show that Big E was right when he made this post #139 in Apr 2011.

"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..."...

However, there are other EAs which are not trading robots.

TMS_V19 is one example which it can help you look for specific technical chart conditions and alert you if those technical conditions occur in live market charts. You will then decide if those trade setup conditions are what you have in your trade plan and you can pull the trigger.

There is also another EA , TMS Monitor which you can consider to use and look for TMS 5-Method conditions.

There are other EAs which are trade managers to help you manage your manual trades.
Two good examples are:

1) Multi-Purpose Trade Manager MPTM
2) THV CaveManager
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,582
  • Mar 13, 2021 3:52am Mar 13, 2021 3:52am
I read this today. I don't know what to say.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20210313-155014_cropped.png Size: 145 KB
MA provides the market's current direction and strength.
  • #117,583
  • Mar 13, 2021 3:53am Mar 13, 2021 3:53am
Quoting emmanuel7788
{quote} Hi MalvenTrust Since the time Big E started his old thread in 2009, there were several auto-trading robot EAs by other members. None of the auto-trading robot EA has worked in the last 10 years when I tested all of them. This only show that Big E was right when he made this post #139 in Apr 2011. "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...
i am confident about trade entries,please teach us about cave manager ,multipurpose and blessing EA
what time frame,what setting and which version of these EAs are good? thanks a lot!
  • #117,584
  • Mar 13, 2021 5:37am Mar 13, 2021 5:37am
Quoting emmanuel7788
{quote} BTCUSD Mar11 Daily Update: - breaking high is good! - breaking high with large volume is even better (Darvas Box traders) {image}

BTCUSD March 14, 2021

> hit USD60,000

Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD Mar13 Daily 60000 13-3-2021 7-34-07 pm.jpg Size: 280 KB

Attached Image (click to enlarge)
Click to Enlarge Name: BTCUSD Mar13 60000 mark 13-3-2021 7-32-17 pm.jpg Size: 422 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,585
  • Mar 13, 2021 5:40am Mar 13, 2021 5:40am
Quoting T4Trade
{quote} i am confident about trade entries,please teach us about cave manager ,multipurpose and blessing EA what time frame,what setting and which version of these EAs are good? thanks a lot!

Blessing EA is not for you unless you are a Weekly chart trend swing trader.

You can learn one thing at a time. Start with THV CaveManager, this is simpler unlike MPTM which is a monster EA trade manager.

Follow these posts links:

THV CaveManager Trade Management EA.

Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455

Both the EA and pdf description are in Post#30,032

User guide by FF member Lookleft Post# 58,004

I made a pdf for member hsn100.
CM parameter setting for HSN : Post#56,308
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,586
  • Mar 13, 2021 9:03am Mar 13, 2021 9:03am
Quoting hasib
I read this today. I don't know what to say. {image}
Davit banns many traders from his thread upon asking questions
  • #117,587
  • Mar 13, 2021 9:25am Mar 13, 2021 9:25am
Quoting emmanuel7788
{quote} Blessing EA is not for you unless you are a Weekly chart trend swing trader. You can learn one thing at a time. Start with THV CaveManager, this is simpler unlike MPTM which is a monster EA trade manager. Follow these posts links: THV CaveManager Trade Management EA. Download the trade manager EA and pdf description from original thread / post by Caveman: Post# 18,455 Both the EA and pdf description are in Post#30,032...
i read CM,please teach me blessing EA ,im intersted in adding trades and close either with BE or profit,thanks
  • #117,588
  • Mar 13, 2021 12:54pm Mar 13, 2021 12:54pm
Quoting emmanuel7788
{quote} Hello Sicario I have now 6 Currency Groups created for trading 2021 to 2023, see this recent post #117,201 There are reasons why I group these currency pairs: - I pick only the best trade setups from each group and to avoid over trading - correlation of the pairs in each group - system strategy is to trade 3 to 5 pairs at any one time , one pair from each group - there are enough setups from these 6 groups to generate enough trade opportunities every year (swing...
Thank you very much my friend emmanuel7788 you helped me a lot
  • #117,589
  • Mar 13, 2021 1:17pm Mar 13, 2021 1:17pm
"Beginners Questions "
I will be glad if someone does help

I have read that to say uptrend has reverse you should wait for the last "HL previous highest point " to break "red cycle" . But I saw many traders take the latest HL to determine the reversal ?! Which one is correct ?
Thanks
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  • #117,590
  • Mar 13, 2021 6:35pm Mar 13, 2021 6:35pm
Quoting T4Trade
{quote} i read CM,please teach me blessing EA ,im intersted in adding trades and close either with BE or profit,thanks
You want to learn adding positions, first master trading his 5-Method and make the transition to trade the Daily and Weekly charts.



Post#8703


study Big E old thread.

Post#2913

Post#4104

Post#4107

blend his 21/233 Method with his 5-Method, that is the simple solution.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,591
  • Mar 13, 2021 6:50pm Mar 13, 2021 6:50pm
Quoting T4Trade
{quote} i read CM,please teach me blessing EA ,im intersted in adding trades and close either with BE or profit,thanks

Your question is when to exit in profit?

Quoting milicentfx
Big E, how did you determine your exit point?

Big E replied:

5 Method - When PA comes back to the 5ma...exit.

21/233 - If I can get 3 cycles on the trade I usually exit. See chart above. I Exit at consolidation. This method works great on all time frames. Just requires patience waiting for the proper set up.
I'll exit if the PA crosses over the 21ma... no matter if it's only 1 cycle but I've found it's usually good for 2-5 cycles.

Go back 6 months in your favorite charts and observe the trades and # of cycles. Studying the charts to learn is the best way.

Big E

Quoting eelfranz
Mili... Which chart? 5 Method - When PA comes back to the 5ma...exit. 21/233 - If I can get 3 cycles on the trade I usually exit. See chart above. I Exit at consolidation. This method works great on all time frames. Just requires patience waiting for the proper set up. I'll exit if the PA crosses over the 21ma... no matter if it's only 1 cycle but I've found it's usually good for 2-5 cycles. Go back 6 months in your favorite charts and observe the trades and # of cycles. Studying the charts to learn is the best way. Big E

https://www.forexfactory.com/thread/...28#post4220628
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,592
  • Mar 13, 2021 7:04pm Mar 13, 2021 7:04pm
Quoting T4Trade
{quote} i read CM,please teach me blessing EA ,im intersted in adding trades and close either with BE or profit,thanks


Quoting emmanuel7788
{quote} Hi shay, yes, I traded stock since 1980s and back then we did not have online retail trading. we have to plot our own charts on paper and calculate the RSI and the moving averages using the D charts only. That is EOD trading. today we have fast computers and software to calculate the TDI using the RSI data. you can use the RSI in any trading platform and create your own Fozzy-RSI aka TDI using the RSI data in your trading platform not necessary to by bound by using MT4. Trading stocks has one advantage when we see the real contract volume...

Years ago I mentioned about Darvas Box and how I would look for trending pairs to trade.

Below is an old chart example of a trending pair by Big E in his old thread Post#4231

Attached Image (click to enlarge)
Click to Enlarge Name: Big E chart 4231 entries re-entries etc.png Size: 148 KB

Now watch this video on Darvas Box trading.

What lessons do you learn from these ?

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,593
  • Mar 13, 2021 7:17pm Mar 13, 2021 7:17pm
Quoting emmanuel7788
{quote} {quote} Years ago I mentioned about Darvas Box and how I would look for trending pairs to trade. Below is an old chart example of a trending pair by Big E in his old thread Post#4231 {image} Now watch this video on Darvas Box trading. What lessons do you learn from these ? https://youtu.be/tuctqAWkGpI
so many years passed---- and still trying to educate masses and learning from them ------------ thats real-------
  • #117,594
  • Mar 13, 2021 7:30pm Mar 13, 2021 7:30pm
Quoting Gonzaga
{quote} so many years passed---- and still trying to educate masses and learning from them ------------ thats real-------
Hi Gonzaga

Actually, it is all new people coming to this thread every year and asking the same questions over and over again, they remind me that the good old fashion trend following trading methodology that has been working for 30 years is still working today and will continue to work the next 30 years.

Big E left his legacy here for us to learn and keep on learning from one another.

Trade Well and Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #117,595
  • Mar 13, 2021 7:34pm Mar 13, 2021 7:34pm
Quoting emmanuel7788
{quote} Hi Gonzaga Actually, it is all new people coming to this thread every year and asking the same questions over and over again, they remind me that the good old fashion trend following trading methodology that has been working for 30 years is still working today and will continue to work the next 30 years. Big E left his legacy here for us to learn and keep on learning from one another. Trade Well and Trade Safe.
i guess each method each approach to each one----------- but still i tried---- like obviously you did----------- and theres no trade made simple--------- and you debated that for years--------- know i see you changed your approach to tms again---- i understand a newbie has to start somewhere---- and maybe you changing your approach for masses now---- i dont see no warm there---- still REAL-------
  • #117,596
  • Mar 13, 2021 8:02pm Mar 13, 2021 8:02pm
whats masses just aswell try to understand if they can---------
i can flip a coin i have 50% change of winning---- should i place a position for bet knowing i have 50% change of winning---------
dependeds of the size of the position someone is willing to trade with me----
if you are willing to trade with 10 euros for my position/bet of 5 euros i will take that trade every time............
i will win in the long run 50% of the times.......
each loss will be 5 euros..........
each win wil be 10 euros.............

do the math masses--------------
  • #117,597
  • Mar 13, 2021 8:08pm Mar 13, 2021 8:08pm
Quoting Gonzaga
whats masses just aswell try to understand if they can--------- i can flip a coin i have 50% change of winning---- should i place a position for bet knowing i have 50% change of winning--------- dependeds of the size of the position someone is willing to trade with me---- if you are willing to trade with 10 euros for my position/bet of 5 euros i will take that trade every time............ i will win in the long run 50% of the times....... each loss will be 5 euros.......... each win wil be 10 euros............. do the math masses--------------
know to extrapolate analyzing technical stuff-----
every time i flip i coin-------- if i get skilled enough flipping a coin a will raise the probability of flipping the side i want----------- this extrapolating but its true------ will gain some real percentage if you practice the skill of fliping a coin lol
now the same stupid extropolating goes for knowing where price will go afterwards--------- think about it---------
but getting knowledge and skillfull at something like technical price action makes you get that stupid small edge some as get to know how to flip a coin-------

so the important here is always RISK MANAGEMENT ---------------
  • #117,598
  • Mar 13, 2021 8:12pm Mar 13, 2021 8:12pm
Quoting Gonzaga
whats masses just aswell try to understand if they can--------- i can flip a coin i have 50% change of winning---- should i place a position for bet knowing i have 50% change of winning--------- dependeds of the size of the position someone is willing to trade with me---- if you are willing to trade with 10 euros for my position/bet of 5 euros i will take that trade every time............ i will win in the long run 50% of the times....... each loss will be 5 euros.......... each win wil be 10 euros............. do the math masses--------------
so if you are betting 5 euros with someone stupid enough to pay 10 euros if you win thats when you should act--------
extropolating to the market you need to PROTECT YOUR LOSS-----
you bet 5 euros --------- to gain 10 euros ----------- AT LEAST-------
if you are losing the 5 euros you cut your loss!
the 50% change of winning will come next for 10 euros again------------
  • #117,599
  • Mar 13, 2021 8:32pm Mar 13, 2021 8:32pm
I AM A CONSISTENT WINNER BECAUSE: 1. I objectively identify my edges. 2. I predefine the risk of every trade. 3. I completely accept the risk or I am willing to let go of the trade. 4. I act on my edges without reservation or hesitation. 5. I pay myself as the market makes money available to me. 6. I continually monitor my susceptibility for making errors. 7. I understand the absolute necessity of these principles of consistent success and, therefore, I never violate them.
Mark Douglas,
MA provides the market's current direction and strength.
  • #117,600
  • Mar 13, 2021 8:36pm Mar 13, 2021 8:36pm
Quoting Gonzaga
{quote} so if you are betting 5 euros with someone stupid enough to pay 10 euros if you win thats when you should act-------- extropolating to the market you need to PROTECT YOUR LOSS----- you bet 5 euros --------- to gain 10 euros ----------- AT LEAST------- if you are losing the 5 euros you cut your loss! the 50% change of winning will come next for 10 euros again------------
now knowing when to act or enter the market with edge is also important------------ i guarantee you there's no trade made simple------ but following this thread and emmannuel advice will open doors for you to enter the initiation of price and start assimilating visual patterns and your personal interior fight with self emotions and awareness aswell as others as mass psychologic driven emotion------- so this is a long run roaaaaaaaad---- as you can see from the profile age of emmanuel who i vouche for----------------
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