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Trading Made Simple 151,881 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

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(r)

  • #6,601
  • Mar 16, 2021 8:38am Mar 16, 2021 8:38am
Quoting Boobligoom
{quote} Your system is very simple and effective at the same time. The simpler the system, the easier it is to trade. I like your system and read your advice here. But I use my own trading method and therefore cannot share entry points here. But I learned a lot from your messages, which help me not to forget the basics of trading and again remember the knowledge that is forgotten over time. Thank you Robinhood.
You're welcome. Thanks for participating. I like it best when we learn from each other.
Always a Student, Never a Master - Emulate What Works
  • #6,602
  • Mar 16, 2021 9:14am Mar 16, 2021 9:14am
Quoting Boobligoom
{quote} I used this indicator a few years ago. But I couldn't apply it correctly. In the end, I concluded that it is better to trade against the crowd using this indicator. But sometimes it happened the other way around, when I entered a position, and the interest quickly changed to the opposite. In general, I hope that you will be able to use this indicator correctly. and you will give us advice.
Here are the two examples

USDCAD Short : TSM(R) already showing short based on the maximum number of indicators on H4/D1. Along with this sentiment 60 % Traders are net long so additional confirmation to enter short.

GBPUSD Neutral : TSM(R) was kind of short in previous days but not both H4/D1 aligned. Sentiment shows neutral, better stay away until TSM(R) and Sentiment aligned in one direction. At least potential to place 1.5-2 R setup.

Bottom line - Here are the rules I follow

  1. TSMR H4 clean signal to enter buy or Sell ,
  2. TSMR D1 looks like a Buy or Sell,
  3. Sentiment >60 Buy or Sell .

Note : If Sentiment is Neutral no trade , so we can avoid few losing trades

Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 4162fd58372eb7877fe637e70e760077.png Size: 118 KB
  • #6,603
  • Mar 16, 2021 9:24am Mar 16, 2021 9:24am
Quoting MalvernTrust
{quote} Here are the two examples USDCAD Short : TSM(R) already showing short based on the maximum number of indicators on H4/D1. Along with this sentiment 60 % Traders are net long so additional confirmation to enter short. GBPUSD Neutral : TSM(R) was kind of short in previous days but not both H4/D1 aligned. Sentiment shows neutral, better stay away until TSM(R) and Sentiment aligned in one direction. At least potential to place 1.5-2 R setup. Bottom line - Here are the rules I follow TSMR H4 clean signal to enter buy or Sell , TSMR D1 looks like...
That's interesting. Thanks for explaining it.

I'll place the Sentiment indicator on my charts and see how well it works in conjunction with our other indicators.
Always a Student, Never a Master - Emulate What Works
  • #6,604
  • Mar 16, 2021 10:27am Mar 16, 2021 10:27am
Quoting RobinHood
Just for fun, I thought I would show everyone one of my stock trading methods and how easy it is to trade stocks using it...on a stock that MOVES a lot. Since GameStop stock has been in the news a lot lately, I thought I'd show a 3 minute chart from today of it as an example. Without going into too much detail, when the moving averages are aligned correctly (which they are on the chart below during the downtrend) and when the dots are orange, you sell short. When the dots turn blue (in a downtrend) you exit. The opposite is true for long trades....
That's quite interesting - I would certainly be interested in know more (about the dots specifcally). I too have started trading a system where I use a 'rainbow' of moving averages to determine entries and exits (without any oscillators). One key advantage is not having to switch the chart to LTF or HTF's as the MA's tell you enough to determine the short term and long term bias.
  • #6,605
  • Mar 16, 2021 10:58am Mar 16, 2021 10:58am
Quoting MalvernTrust
{quote} \USDCAD Short : TSM(R) already showing short based on the maximum number of indicators on H4/D1. Along with this sentiment 60 % Traders are net long so additional confirmation to enter short.
Interesting. So am I right to say that other than Neutral, you trade opposite to the dominant sentiment? ie if there is more buying sentiments, you Short instead.

Also, where can I download it? I tried searching the attachments in this thread but couldn't find it.

Edit: Is it this one? https://www.forexfactory.com/thread/...timent-for-mt4

Thanks.
  • #6,606
  • Mar 16, 2021 12:50pm Mar 16, 2021 12:50pm
Quoting tonberry
{quote} That's quite interesting - I would certainly be interested in know more (about the dots specifcally). I too have started trading a system where I use a 'rainbow' of moving averages to determine entries and exits (without any oscillators). One key advantage is not having to switch the chart to LTF or HTF's as the MA's tell you enough to determine the short term and long term bias.
Those "dots" are my secret sauce. It's a proprietary indicator so I can't share it. Plus, it only works stocks and not the Forex.
Always a Student, Never a Master - Emulate What Works
  • #6,607
  • Mar 16, 2021 12:52pm Mar 16, 2021 12:52pm
Quoting procmail
{quote} Interesting. So am I right to say that other than Neutral, you trade opposite to the dominant sentiment? ie if there is more buying sentiments, you Short instead. Also, where can I download it? I tried searching the attachments in this thread but couldn't find it. Edit: Is it this one? https://www.forexfactory.com/thread/...timent-for-mt4 Thanks.
I don't know for sure, but here's mine:

Attached File(s)
File Type: ex4 Sentiment.ex4   102 KB | 664 downloads
Always a Student, Never a Master - Emulate What Works
  • #6,608
  • Mar 16, 2021 2:38pm Mar 16, 2021 2:38pm
Quoting RobinHood
{quote} That's interesting. Thanks for explaining it. I'll place the Sentiment indicator on my charts and see how well it works in conjunction with our other indicators.
Anytime Mr.RH.

Another example GBPNZD H4 looks like a Long sentiment clearly says Short and TMS(r) looks like short. I wont take long trade unless sentiment changes or TSM(r) changes to Long.
Attached Image (click to enlarge)
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  • #6,609
  • Mar 16, 2021 2:41pm Mar 16, 2021 2:41pm
Quoting procmail
{quote} Interesting. So am I right to say that other than Neutral, you trade opposite to the dominant sentiment? ie if there is more buying sentiments, you Short instead. Also, where can I download it? I tried searching the attachments in this thread but couldn't find it. Edit: Is it this one? https://www.forexfactory.com/thread/...timent-for-mt4 Thanks.
Yes your understanding is correct.

Here is the link to download https://fxssi.com/fxssi-sentiment-lite-mt4

For H4/D1 trading this free lite version is sufficient. If you are trading lower time frame like scalping these data may not be accurate.
  • #6,610
  • Mar 16, 2021 2:48pm Mar 16, 2021 2:48pm
Quoting MalvernTrust
{quote} Here are the two examples USDCAD Short : TSM(R) already showing short based on the maximum number of indicators on H4/D1. Along with this sentiment 60 % Traders are net long so additional confirmation to enter short. GBPUSD Neutral : TSM(R) was kind of short in previous days but not both H4/D1 aligned. Sentiment shows neutral, better stay away until TSM(R) and Sentiment aligned in one direction. At least potential to place 1.5-2 R setup. Bottom line - Here are the rules I follow TSMR H4 clean signal to enter buy or Sell , TSMR D1 looks like...
USDCAD Short turned very well this morning. TSM(R) already confirming, Sentiment also went extreme, you can see before and after effects. May be a breakout trade USDCAD may go down further.
Attached Image (click to enlarge)
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  • #6,611
  • Mar 16, 2021 3:36pm Mar 16, 2021 3:36pm
Couple of people asked how I use the qqe crossing via DM, where I use certain levels (just like above above/below 50 for RSI) so I guess I'll just reply them with this post here instead.

So here it goes: I only use the cross, dont really pay much attention to the color change either. I find it good for 1st entry confirmation, continuation is pretty straight forward and this indicators can be laggy due to the big candle movement's impact on atr calculation. Understand the calculations and observe how it behaves should pay things forward.

For example,
Attached Image

A side note to add, be grateful that the method RH shared, is not mechanical enough to be coded into a mechanical trading software. If it is, other large players would come into the market place and exploit the edge since most of them are running on mechanical basis. Certain level of discretion to recognize market structure will help you do what the program cant.

Trade well and may the pips stay with us.
Full Time Funded Trader. Occasionally drop by FF. Expect a delay in reply.
  • #6,612
  • Mar 16, 2021 4:17pm Mar 16, 2021 4:17pm
Quoting emmanuel7788
{quote} I can trade all chart timeframes from M5, M15, H1, H4, D1 .... W1. My favourite timeframe is H4, D1 and W1. And with MT5 now Ican trade also H4, H8, H12, D1 and W1. {image}
where can i get the mt5 indicators?!

Thanks
  • #6,613
  • Mar 17, 2021 5:37am Mar 17, 2021 5:37am
Quoting MalvernTrust
Here is the link to download https://fxssi.com/fxssi-sentiment-lite-mt4 For H4/D1 trading this free lite version is sufficient.
Thank you for pointing us to this sentiment indicator, much appreciated!
If I code, I can't trade...
  • #6,614
  • Mar 17, 2021 10:42am Mar 17, 2021 10:42am
Quoting Cognoscio
{quote} Thank you for pointing us to this sentiment indicator, much appreciated!
You are very welcome. I believe trading against the crowd has some edge even with regular indicators. But I strongly believe if we combine with RH's powerful template we can get more confluence. We need to learn how to utilize with these combinations. Keep us posted if you find this is useful, may be after few days or weeks.

Good Luck :-)
  • #6,615
  • Mar 17, 2021 11:05am Mar 17, 2021 11:05am
Quoting MalvernTrust
{quote} You are very welcome. I believe trading against the crowd has some edge even with regular indicators. But I strongly believe if we combine with RH's powerful template we can get more confluence. We need to learn how to utilize with these combinations. Keep us posted if you find this is useful, may be after few days or weeks. Good Luck :-)
I've added it to my default chart and observe what it is trying to tell me and when.
I'm not going to adapt my methods just yet, merely learning the behaviour of the beast for the time being....
If I code, I can't trade...
  • #6,616
  • Mar 17, 2021 1:02pm Mar 17, 2021 1:02pm
Hi everyone! I have been following you for a while and tested a few times this system. I think it's great, but from past experiences, anything is difficult in Forex. These markets are really choppy and can wipe out profits quickly if you enter at the wrong time. I've been using MT4 since ages, so I never had any problems setting up the template and indicators there. RobinHood made things very easy for anyone reading this discussion. But I've been thinking recently to try to migrate these indicators to other platforms and maybe try to automate some signals. All nice in theory, but I'm struggling a lot in finding my way out of how to calculate the Stochastic SMMA Lo/Hi oscillator. Does anyone know what is the mathematical formula behind the iStochastic function in MT4? Let's make this easy first and try to calculate the values in a spreadsheet, starting from a table containing the OHLC candlesticks. Does anyone know how to calculate the oscillator values? I've started from the standard stochastic formula: %K = (CLOSE-LOW(%K))/(HIGH(%K)-LOW(%K))*100, but I'm lost in how to apply this as a SMMA and then what is that Lo/Hi input parameter influence the calculation.
Hope you will find this useful, because if we figure it out, we won't be trapped anymore in MT4.
Thanks!
  • #6,617
  • Mar 17, 2021 4:55pm Mar 17, 2021 4:55pm
Quoting tyler0315
I made an EA based on rules post#1. It's not perfect yet, I need advice to make it better. Please share your thoughts to make it alot of pips. {file}
Hi Tylor,

Are you still using this EA and looking for suggestions, can you able to modify the code with HTF and other settings. I can coordinate with you for the best setup and various combinations. Let me know if you are interested.

Thank you - MT
  • #6,618
  • Mar 17, 2021 4:57pm Mar 17, 2021 4:57pm
Quoting cristeam
Hi everyone! I have been following you for a while and tested a few times this system. I think it's great, but from past experiences, anything is difficult in Forex. These markets are really choppy and can wipe out profits quickly if you enter at the wrong time. I've been using MT4 since ages, so I never had any problems setting up the template and indicators there. RobinHood made things very easy for anyone reading this discussion. But I've been thinking recently to try to migrate these indicators to other platforms and maybe try to automate some...
Thanks cristeam for your initiative, appreciated, did you try automate by using MQL4 !?
  • #6,619
  • Mar 17, 2021 5:38pm Mar 17, 2021 5:38pm
Mr.abokwaik looks like already made an EA with these set of rules.

EA location : https://www.forexfactory.com/thread/post/12460894#post12460894
  • #6,620
  • Mar 17, 2021 5:39pm Mar 17, 2021 5:39pm
Quoting MalvernTrust
{quote} Thanks cristeam for your initiative, appreciated, did you try automate by using MQL4 !?
No, same as RobinHood who is trading now mainly stocks, I would like to use this system outside MT4, to cover other assets as well. On the other side, let's be honest, MT4 is an old platform, nothing wrong with it, it still does the job perfectly, but for me, it's much easier to monitor charts in TrandingView for example. So to break this task in multiple steps, there are various things which can be done, independent from each other. Personally, I would love to have the indicators and create a template for TradingView. But the main thing would be to understand how to calculate these indicators and generate the arrays of values behind them. From there, it just doesn't matter which programming language you use. Mql4 is not something I personally enjoy, I'm more into python, and I would like to replicate these indicators there. But as I said it would benefit anyone no matter which way you go.
I've been trying to calculate options after options since yesterday trying to figure it out how mt4 calculates the stochastic smma, but nothing so far. First intriguing part is that the first value is calculated on the 18th candle, for the stochastic (14,3,3). Now why is that.... I don't know, but normally it should have been on the 16th, 14 candles to calculate the stochastic and 3 candles (14,15,16) to get the first value sma(3).
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RobinHood