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Trading Made Simple

  • #118,221
  • Apr 27, 2021 6:23am Apr 27, 2021 6:23am
Quoting tommydoginti
{quote} #540 is a way to bypass the infamous OnStart() tick-by-tick update of array values in MQL4, since MQL4 does not have built-in mechanism to differentiate OHLC of the candles. Coders have to manually input [n] for n candle back. How did BigE check charts before and after entering a trade? Knowing the routine will understand why BigE didn’t complain. meanwhil, GU sell. {image}

hey @tommydogie

Knowing the routine will understand why BigE didn’t complain.

Let's review some of Big E posts in his old thread and learn some of his trading habits ...

1. Post#2846
When you see a TDI cross that doesn't look good... start checking other timeframes for the trade... look at other templates at different timeframes... do a thorough investigation before entering any trade. If you do this faithfully your win rate will increase dramatically... If its not quite ready put it on a watch list and go back and check it every 5,15 or 30 minutes...

2. Post#2935
Everyone... please realize my charts, indicators, templates, etc have been collected from all over the internet. I trade on FXDD and I use the indicators they offer on my charts as well as others I have imported... As I suggested in post #1 - Download the Demo from FXDD and you'll have all the indicators to make up the charts... and they will look like mine.

I got my HA candles from going to www.compassfx.com and downloading their free Synergy system and the TDI indicator. You can do that right? I got the yellow and dodge blue colors from their Synergy charts too. Easy on the eyes...

I put the Synergy black into my templates. I don't trade their system but it's a good conserative one. Now when I want to make up a chart... I bring the Synergy black template chart up. I remove the two yellow 5 ma lines around HA-PA and add the indicators I want. Then I save the chart to my templates and give it a name. This is where I got my HA Candles and TDI you see on my charts.

You realize the 21 & 233 are Fib numbers right? They are free for anyone to use off the internet. (233, shift 5 0r 8, exponential, typical, dodge blue). (21, shift 3, exponential, typical, yellow).

The 5 chart is 5, shift 2 or 3, exponential, typical, yellow as previously posted.

I have 19 templates in my template file.


It pays to read and study all Big E posts in Forex Factory and follow his trading journey.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,222
  • Apr 27, 2021 6:37am Apr 27, 2021 6:37am
Quoting longman72
Hi Emmanuel, I have just added day trading stocks to my forex trading and have an acc with zero trade in Bahamas , i still want to use my TDI indicator as i have used it for so long now that i cant do without it. I need to make my own custom TDI as its not an Mt4 which i use for my forex trades or if anyone knows of a tdi indicator that works on zero trade platform and IG index platform that would be great. I use IG index for shorting so i have 2 platforms with no TDI. I tried loading it from the tdi stats but it does not look the same at all. Thanks...

Hi longman72,

I trade the stock market too for more than 30 years and I do not use the TDI.

I have the Fozzy-RSI which is what the TDI evolved from. Traders Dynamic Index was a nice marketing name given by its creator to sell his systems and subscription.

Trading the stock market, you have one more information to use when you pick trades. Learn Darvas trading methodology.

I used this book by John Hayden and developed my stock trading systems.

RSI: The Complete Guide by John Hayden click to [download]

Trend Determination using the RSI (TDI)click to [download]

Note the RSI period and the moving average to the RSI data by John Hayden. They are proven and tested over many years.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,223
  • Apr 27, 2021 6:47am Apr 27, 2021 6:47am
Quoting BigKev67
Hi Emmanuel, Thanks for replying. From your chart I can see that the TDI cross has occurred on this active bar - which would be too late to enter given the original rules where Eric entered at the start of the candle. I know he also didn’t used to refresh his charts - he’d wait until the close of the candle for it to repaint, and then check the start of the next candle. So when looking at old charts to try to determine entries, don’t we need a TDI indicator that paints the lines as per the start of each candle rather than the end?

Hi BigKev67

Big E has many trading habits.

He did not refresh his chart when he has open trades and managing his trades.

But there were times when he was looking for trades, he mentioned he would switch his chart timeframe to get the 'more current information' because he knew the TDI#25 updates constantly during an active candle (before the Close). Doing this, he could jump into a trade using the APB/HA#1 active candle. Otherwise, it is a lot of risk jumping in with APB?HA#1. It is quite rare from what I learn reading his posts and trade examples that he enter during the active APB/HA candle. I would not do it.

"
The TDI indicator continually updates and that's why you see those changes when you switch timeframes... that's a good thing. More current information.
"
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,224
  • Apr 27, 2021 7:40am Apr 27, 2021 7:40am
GENIUS is a complement as a so-called experienced trader debunked his own way of trading different from BigE, a self-reflection. Liar is to describe a bad trader pretending to be “following exactly BigE’s way” but in fact, sadly, is not. Guru is spreading contradictory and false information.

It is my intention to help fellow traders. Most of us are ordinary people, not GENIUS. This difference is one major cause of traders come and go in this thread and lose money in the last 10 years after BigE’s time.

Answer to #118189 is in the immediately last post.
BigE either opened the terminal and charts (refresh) or change timeframe (also refresh) when no trades were open. Once open, BigE did not refresh afterwards.

This is the well-known issue of MQL4 of which CANDLE’s OHLC is used for custom indicator calculation at the first tick of a new candle. Indi that look for cross (like TDI) needs the last candle, that will need extra codes to ensure values of last candles are “locked” once candle close. Such discussions are easy to find on MQL5 forum.

Only those who are not trading like BigE, or use EAs that continuously monitor the TDI, will find they yield wrong value and sometimes wrong signal, leading to bad trades.

so... good luck guys.
  • #118,225
  • Apr 27, 2021 7:42am Apr 27, 2021 7:42am
Quoting tommydoginti
{quote} #540 is a way to bypass the infamous OnStart() tick-by-tick update of array values in MQL4, since MQL4 does not have built-in mechanism to differentiate OHLC of the candles. Coders have to manually input [n] for n candle back. How did BigE check charts before and after entering a trade? Knowing the routine will understand why BigE didn’t complain. meanwhil, GU sell. {image}
Big moves are almost certainly a reaction.

m1 and left when momentum decreased. Switched to m5 to find the same setups. Exited with profit.

looking for sells at HTF or buys at same TF
Use a correct TDI indi, or keep refreshing. Either way it works.

Attached Image (click to enlarge)
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  • #118,226
  • Apr 27, 2021 7:54am Apr 27, 2021 7:54am
Quoting tommydoginti
{quote} Big moves are almost certainly a reaction. m1 and left when momentum decreased. Switched to m5 to find the same setups. Exited with profit. looking for sells at HTF or buys at same TF Use a correct TDI indi, or keep refreshing. Either way it works. {image}
How the setup was formed and confirmed.

Attached Image (click to enlarge)
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  • #118,227
  • Apr 27, 2021 10:32am Apr 27, 2021 10:32am
Quoting tommydoginti
{quote} How the setup was formed and confirmed. {image}
Use range boundaries for anticipation. Trade setups often form at levels. TDI as trigger and PA for decision. Notice how TDI reacts to PA and showed exit signal

1.39124 > 1.39206. Good night guys

Attached Image (click to enlarge)
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  • #118,228
  • Apr 27, 2021 8:27pm Apr 27, 2021 8:27pm
[quote=tommydogie

GENIUS is a complement as a so-called experienced trader debunked his own way of trading different from BigE, a self-reflection. Liar is to describe a bad trader pretending to be “following exactly BigE’s way” but in fact, sadly, is not. Guru is spreading contradictory and false information.

It is my intention to help fellow traders. Most of us are ordinary people, not GENIUS. This difference is one major cause of traders come and go in this thread and lose money in the last 10 years after BigE’s time.

Answer to #118189 is in the immediately last post.
BigE either opened the terminal and charts (refresh) or change timeframe (also refresh) when no trades were open. Once open, BigE did not refresh afterwards.

This is the well-known issue of MQL4 of which CANDLE’s OHLC is used for custom indicator calculation at the first tick of a new candle. Indi that look for cross (like TDI) needs the last candle, that will need extra codes to ensure values of last candles are “locked” once candle close. Such discussions are easy to find on MQL5 forum.

Only those who are not trading like BigE, or use EAs that continuously monitor the TDI, will find they yield wrong value and sometimes wrong signal, leading to bad trades.

so... good luck guys.
-----

And look who is the guru here spreading lies and false information above.

Another newbie with only 10 months forex trading experience compared to the OP' 15 years trading stock and forex, who do you listen to and get help? Obvious, follow the OP of this thread and read all hi posts in Forex Factory.
This newbie has no knowledge in MT4 and MQL4 programming system and give false information above.

Look folks, you don't need luck when trading. You need trading skills and market knowledge.

Do Not suffer the same #463# Limitations which many suffered in this thread and lose money trading indicator green cross red.

[B]Post#2617 reminder for all.[/b]
It will take you a lot of time to get to the same level of the OP.
Do Not think you can make it in less that 10 months.

Quoting eelfranz
Alright all you party animals trying to recover from last night... or longer... Last couple of pages has covered many different topics... well, touched base anyway.... 2scoops... on post 2594... 2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2...
2scoops asked me a long time ago what would be the most beneficial to learning this method for higher success... The answer was simple... study old charts for set ups... now strip down everything on that chart at that point... trends, angles, S/R levels, News times, Stoch angle within the 20-80 lines..etc. Burn it into your memory... I spent 2 years doing that.... so what does that mean?

It takes me 15 seconds to strip a chart down to nothing including the TDI & Stoch's. Taking clean trades is a breeze for me... why?

Read above...

I can take you to water but I can't make you drink... follow the simple entry & exit rules. Forget other indicators. I went down those roads so you wouldn't have too...

There is a handful who trade it correctly here who are rewarded nicely...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,229
  • Apr 27, 2021 8:28pm Apr 27, 2021 8:28pm
Quoting tommydoginti
{quote} How the setup was formed and confirmed. {image}

Hindsight is 20:20 like always every trade setup look perfect and make money on paper.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,230
  • Apr 27, 2021 8:34pm Apr 27, 2021 8:34pm
Quoting tommydoginti
{quote} Big moves are almost certainly a reaction. m1 and left when momentum decreased. Switched to m5 to find the same setups. Exited with profit. looking for sells at HTF or buys at same TF Use a correct TDI indi, or keep refreshing. Either way it works. {image}
Hey Folks

Do not go there with M1 and M5. You will lose more than you would win. This is reason why so many traders lost money during Big E time and left.

This thread was started not for trading below H1. The OP was honest he was not good trading below H1. Does not matter which TDI and how you keep refreshing you charts and TDI. Price Action still the same .

Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,231
  • Apr 27, 2021 8:38pm Apr 27, 2021 8:38pm
Quoting emmanuel7788
Trading GBPUSD this week better listen to what is going on in Brussels this week. If trade talks favour the UK, then you will see what happens if you sell GU. D1 is sideways {image} H4 {image} H1 {image}
GBPUSD Apr28 Daily

Don't waste time and money trading this pair now.

Nothing is going to happen until it breaks the narrow range.

When it runs, it will run for several days. Be patient and wait.


Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr28 D1 sideways small 28-4-2021 9-35-52 am.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,232
  • Apr 27, 2021 8:43pm Apr 27, 2021 8:43pm
Quoting tommydoginti
{quote} Big moves are almost certainly a reaction. m1 and left when momentum decreased. Switched to m5 to find the same setups. Exited with profit. looking for sells at HTF or buys at same TF Use a correct TDI indi, or keep refreshing. Either way it works. {image}
Result: sell setup on H1.

Attached Image (click to enlarge)
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#11 showed how BigE bypassed the wrong calculation of the custom TDI.
I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek
  • #118,233
  • Apr 27, 2021 8:44pm Apr 27, 2021 8:44pm
Quoting eelfranz
To All - 2scoops is one of the oldest traders for our method. He understands more than most. He works hard to help you all and deserves your respect. When he posts... pay attention. He will help you become successful. I consider him AAA+++. Thank you 2scoops.
To All -

2scoops is one of the oldest traders for our method. He understands more than most. He works hard to help you all and deserves your respect. When he posts... pay attention. He will help you become successful. I consider him AAA+++. Thank you 2scoops.

Where is 2scoops today?
check his profile...

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,234
  • Apr 27, 2021 8:57pm Apr 27, 2021 8:57pm
Quoting tommydoginti
{quote} Result: sell setup on H1. {image} #11 showed how BigE bypassed the wrong calculation of the custom TDI. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek

hey Folks

below is Post#11 in full,
https://www.forexfactory.com/thread/...56#post4569656

I prefer to trade the 4hr charts at night. My broker posts new 4 hr candles at 10pm my time (Pacific), 2am my time and 6am my time.

My page when I open up my charts has 8 open charts. I just glance at the TDI for set ups when the new candle opens... If I see a set up... green just crossing red I'll take the trade, turn off the puter and go to bed. Four hours later (1:50am) my alarm goes off for the new candles and I take a peek... if I see a new set up I'll enter and go back to bed with the last alarm at 5:50am my time. I close all trades at that time and go back to sleep... There are enough set ups in a normal week to make 200-500 pips... Stress is zero...

If I do any day trading I'll use 1hr charts at news time. Any method and any timeframes are difficult and fast on the 5-15 min charts. That's where most traders get taken to the slaughter and the dealers know it which puts the odds in their favor...

I hate to monitor charts anyway. Even if I scalp the market I use 4hr charts with success....

4hr charts have less noise, less head fakes, less influence by any news. Just has a lot of benefits...

The key to building confidence is to study old charts... look at the TDI moves and how it looks on PA so every time you see that same set up you will know your odds for success are high.


below is GU H4 chart Apr28 at 6PM PDT ...
is there a H4 setup?

Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr28 H4 Tokyo1054am 28-4-2021 9-53-54 am.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,235
  • Apr 27, 2021 9:55pm Apr 27, 2021 9:55pm
Quoting eelfranz
This is so elementry... showing over and over where to enter, any chart, any timeframe when Green crosses red on the TDI... There are more trades here but I didn't mark them all... they should be obvious to anyone following this thread... {image}
Quoting eelfranz
The chart I posted was to illistrate a perfect set up.... timeframe was un-important. IF green crosses red in the TDI mid candle I would evaluate PA before entering...
Well said.

People who are clever enough should know what is important and what is optional.
BigE was flexible in trading styles although he himself preferred some.

However, a wrong TDI value can ruin a trader by giving wrong signals on any charts and any timeframes. TDI cross signal may have ~47% chance correct as suggested by another member on FF, so one should investigate why a TDI monitoring EA has ~35% only and picking tops/bottoms but not the momentum gain. How far are the wrong calculation from the actual TDI values, and if they cause the signal to be too soon, too late, or false.

there is no need to argue. Calculations are simple enough for anyone to do. Solutions have been given. Candles have been printed and no difficulty verifying if signals are right or wrong

Best is to ditch those EAs that showed up after BigE’s time and when traders following this thread started to lose money in the past years. BigE could use a tool with ~47% and achieved >65% win rate, imagine you use it wrongly and reduces your chance by 12% or more.

good luck and trade well
  • #118,236
  • Apr 28, 2021 1:26am Apr 28, 2021 1:26am
Quoting eelfranz
Don't get fired ! Just make the necessary transition to trading 4hr charts during the London session... or Daily charts.

EU Apr28 Frankfurt Open and London Open

- FO and LO happens in this H4 candle ...
- remember to look left and then check Post#261 and Post#647


Attached Image (click to enlarge)
Click to Enlarge Name: EU Apr28 H4 FO Lo in this H4 28-4-2021 2-22-31 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,237
  • Apr 28, 2021 1:28am Apr 28, 2021 1:28am
Quoting emmanuel7788
{quote} EU Apr28 Frankfurt Open and London Open - FO and LO happens in this H4 candle ... - remember to look left and then check Post#261 and Post#647 {image}

GU Apr28 FO and LO same H4 candle

- do you see a Golden Cross?

Attached Image (click to enlarge)
Click to Enlarge Name: GU Apr28 H4 FO LO golden cross 28-4-2021 2-26-55 pm.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,238
  • Apr 28, 2021 1:33am Apr 28, 2021 1:33am
UCad Apr28 H1 at FO

- do not trade this crap PA at BRN no matter how good any indicator green crosses red

- pick the best setup ...

- remember always Post#261 and Post#647
Attached Image (click to enlarge)
Click to Enlarge Name: UCad Apr28 crap PA 28-4-2021 2-31-04 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,239
  • Apr 28, 2021 1:38am Apr 28, 2021 1:38am
GJ Apr28 H1 FO candle

- the PA look good at the moment, there is a swing low but PPA to the left ...

- when FO candle closes, I check the @TMSTDI WatchDog slope for decision

Attached Image (click to enlarge)
Click to Enlarge Name: GJ Apr28 H1 wait for FO close28-4-2021 2-35-19 pm.png Size: 47 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,240
  • Apr 28, 2021 1:42am Apr 28, 2021 1:42am
Another crap market condition

do not trade green cross red blindly

always know your Post#261 and Post#647

and pick only the best high probability trade setups.

Attached Image (click to enlarge)
Click to Enlarge Name: EA Apr28 H1 FO crap PA 28-4-2021 2-40-37 pm.png Size: 53 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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