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Trading Made Simple

  • #118,541
  • May 9, 2021 10:54am May 9, 2021 10:54am
Quoting hasib
I don't usually read tommydoginti post at all. I read one of his post today. He think he has in right place to give suggestions. He think, I am going to follow his suggestions, he trade this market for 1 years I will follow his suggestions. are you kidding me. Let me clear it if a market wizard give me a suggestions to buy gold now am I going to follow it. are you going to follow it? You will find this answer if you read New market wizard book. tommydoginti is a perfect example of little knowledge is dangerous. Yes I call him stupid because he is...
Whatever you think, mate.

If you appreciate people have different knowledge than you possess, then I think it is not wise to come to this thread and claim the TMS is not working in general. It does not work for you we know that.

Go on thinking people are stupid if that makes you happy but I am not the one whining here.

trade safe clever brother. I think it’s time you should have already succeeded in getting a funded account since last month?
  • #118,542
  • May 9, 2021 11:05am May 9, 2021 11:05am
Quoting hasib
I don't usually read tommydoginti post at all. I read one of his post today. He think he has in right place to give suggestions. He think, I am going to follow his suggestions, he trade this market for 1 years I will follow his suggestions. are you kidding me. Let me clear it if a market wizard give me a suggestions to buy gold now am I going to follow it. are you going to follow it? You will find this answer if you read New market wizard book. tommydoginti is a perfect example of little knowledge is dangerous. Yes I call him stupid because he is...

And just to make things clear, I and many other “stupid people” gave you suggestions and advice, never calling you names or insult you in anyway. To be honest I followed some advice the other members advised to you, you are calling them stupid but I can say their words work, and maybe for you.

On the other hand, your words are full of hatred towards others and explicitly attack personally. You are projecting your hate and desire of personal attack to others, and thinking others are doing what you think. That is delusional.

Calm down and good night
  • #118,543
  • May 9, 2021 11:10am May 9, 2021 11:10am
Quoting tommydoginti
{quote} Practicing crypto with demo. It is heavily buy bias and showing reversal signals. See how low it will go. {image}
probably time to long ETHUSD
  • #118,544
  • May 9, 2021 10:10pm May 9, 2021 10:10pm
Quoting tommydoginti
{quote} probably time to long ETHUSD
TDI bounce trade.
510 pips (who would use pips to measure performance this way)

Buy signal is also present on H4 and Daily. With the crypto hype and ETHBTC favours ETH, bias is more towards buy

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  • #118,545
  • May 9, 2021 10:45pm May 9, 2021 10:45pm
Quoting beatentrader
{quote} U said, "1st u have a trade plan..." .... Do you mean that the TMS Monitor gives you the plan or you plan it yourself using PA, then look at the monitor...? Which is which..? EDIT : Regarding those EURGBP and GBPCAD trades i took last week, yea i agree those were not good trades, but was lucky, GC closed with 40+ profit and EG closed with -10 pips.

The TMS Monitor is only a tool TMS traders use to monitor those pairs they want to trade. It is not a trade plan nor part of a trade plan.

A trade plan requires the trader to do his own Weekly Top Down Analysis and form a Big Picture of the the market and his trading pairs.

Only with a Big Picture plan done, you will know what to trade then only use the TMS Monitor to alert you when setup conditions are there.

Today' TMS Monitor H4 at Sydney 8am (about 3 hours ago)

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor May10 H4 SYD 8am 10-5-2021 11-27-28 am.png Size: 36 KB


then on your TMS V19 charts, you look for setups like the BUOB alerts and the other market information which thye V19 EA provides.

once you have done a quick analysis of the V19 information, you will decide whether to take a trade and do your risk assessment using the V19 information and decide the amount $ risk, initial SL 'R' and your trade Positions Size.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS H4 BUOB setups alerts SYD8AM 10-5-2021 11-24-58 am.png Size: 105 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,546
  • May 9, 2021 11:04pm May 9, 2021 11:04pm
Quoting tommydoginti
{quote} TDI bounce trade. 510 pips (who would use pips to measure performance this way) Buy signal is also present on H4 and Daily. With the crypto hype and ETHBTC favours ETH, bias is more towards buy {image}
Hi Folks,

Question: who would use pips to measure performance?

Answer: newbie traders who are ignorant and naive what is trading system performance and look at a single trade floating profits and get euphoric or what Big E said being fired-up seeing hundreds of pips and did not place trade stop-loss and do their trade positions size based on the trade initial stop loss.

For every trade setup, you must know how much $amount you are prepared to loss should the trade go against you. You should know your initial stop loss from you entry price and with these data , you calculate your trade positions size.
If your initial SL is say 1100 pips and you profit is 510pips, then your should know what the R is.

If you do not know what is R and R-Multiple, then read some books and do some research.

Using R and R-Multiple is just one way to measure your trade performance. There are other system performance parameters which to determine how a system performs in different market types.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,547
  • May 9, 2021 11:12pm May 9, 2021 11:12pm
Quoting emmanuel7788
{quote} Hi Folks, Question: who would use pips to measure performance? Answer: newbie traders who are ignorant and naive what is trading system performance and look at a single trade floating profits and get euphoric or what Big E said being fired-up seeing hundreds of pips and did not place trade stop-loss and do their trade positions size based on the trade initial stop loss. For every trade setup, you must know how much $amount you are prepared to loss should the trade go against you. You should know your initial stop loss from you entry price...

Glad you have realised that “making 918 pips is better than 10 pips” is not the correct description.

you learn fast in just 1 day. Bravo

you said
Quoting emmanuel7788
{quote} of course hasib is a far better trader than you @tommydogie, you are just a newbie who started trading in Oct last year. his M1 trade made +918pips and your M1 trade made 10pips. {image} https://www.forexfactory.com/thread/...1#post13529271 keep learning and one day you will reach 1,000 trades and you will then know if you can have the substance to become one of Dr. Van Tharp' super trader.
  • #118,548
  • May 9, 2021 11:15pm May 9, 2021 11:15pm
Quoting beatentrader
{quote} U said, "1st u have a trade plan..." .... Do you mean that the TMS Monitor gives you the plan or you plan it yourself using PA, then look at the monitor...? Which is which..? EDIT : Regarding those EURGBP and GBPCAD trades i took last week, yea i agree those were not good trades, but was lucky, GC closed with 40+ profit and EG closed with -10 pips.

here is an example GBPAUD H4 May10

- there is a BUOB setup , good current slope and previous TDI cross UP.
- but the TMS_V19 info panel Trend 2/8 is bearish and the TDIC1 D1 is also bearish
- looking at the H4 Price Action, it is making lower highs lower lows , PA traders 4H swing traders prefers to look for sell setup either in H1 or H4.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD May10 H4 SYD 8AM 10-5-2021 12-09-34 pm.png Size: 109 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,549
  • May 9, 2021 11:19pm May 9, 2021 11:19pm
Quoting tommydoginti
{quote} Glad you have realised that “making 918 pips is better than 10 pips” is not the correct description. you learn fast in just 1 day. Bravo you said {quote}
hey @tommydogie

before you flap those lips of yours again,

you should learn to pay attention to hasib' chart and note where his entry price level and SL were.

Now I post again his chart for you to learn one important lesson about Entry Price and minimum Two Exits.

Do you know how to 'measure' the number of R's on his chart below?

Attached Image (click to enlarge)
Click to Enlarge Name: hasib M1 918pips 9-5-2021 7-12-10 pm.png Size: 189 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,550
  • May 9, 2021 11:27pm May 9, 2021 11:27pm
Quoting emmanuel7788
{quote} hey @tommydogie before you flap those lips of yours again, you should learn to pay attention to hasib' chart and note where his entry price level and SL were. Now I post again his chart for you to learn one important lesson about Entry Price and minimum Two Exits. Do you know how to 'measure' the number of R's on his chart below? {image}

You asked a question. Do you need me to teach you how to measure the R:R ratio? If you ask politely...

ETHUSD
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  • #118,551
  • May 9, 2021 11:35pm May 9, 2021 11:35pm
Quoting tommydoginti
{quote} You asked a question. Do you need me to teach you how to measure the R:R ratio? If you ask politely... ETHUSD {image}

hey folks

evidently this newbie @tommydogie is confused what is R and R-Multiple.

he think of R:R ratio and pretending to know what is risk R based on initial Stop Loss.

I am sure all of you notice his ETH post and his trade entry did not have any Stop Loss.

he only post after the market moved in his favour...

Attached Image (click to enlarge)
Click to Enlarge Name: tommydogie no stop loss 10-5-2021 12-02-26 pm.png Size: 98 KB


reminder by the Op Big E #7662

Attached Image (click to enlarge)
Click to Enlarge Name: Big E #7662 dont forget to put stop loss.png Size: 638 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,552
  • May 10, 2021 12:02am May 10, 2021 12:02am
Quoting emmanuel7788
{quote} hey folks evidently this newbie @tommydogie is confused what is R and R-Multiple. he think of R:R ratio and pretending to know what is risk R based on initial Stop Loss. I am sure all of you notice his ETH post and his trade entry did not have any Stop Loss. he only post after the market moved in his favour... {image} reminder by the Op Big E #7662 {image}
I actively manage my trades before setting it to BE, when I will place a limit order to close.

Prior to that, I use alerts to signal me if the price is approaching my designated SL or level to set BE. Some of the SL levels were plotted on the Trading View charts.

If you want to know how to set alerts, it can be easy to manage trades, and more flexible for each trade. For examples
1) (Price) levels where you anticipate a set up to form
2) Alerts for confirmation signals for entry
3) SL and other levels where you will decide to take actions to manage trades
4) Exit signals.

in TV alerts can be set not only for price levels but also indicators. Crosses, slopes, etc, pretty handy.

Trade well.
  • #118,553
  • May 10, 2021 1:23am May 10, 2021 1:23am
seems like GU is strongly moving up today
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MA provides the market's current direction and strength.
  • #118,554
  • May 10, 2021 1:32am May 10, 2021 1:32am
Here is today' example how to use the Price Action AHA indicator to alert you of setups like this H1 BEOB 5-mins before the H1 candle closes and this case is also today' 2nd the H4 candle closing time.

Attached Image (click to enlarge)
Click to Enlarge Name: EG May10 H1 BEOB in a H4 closing 10-5-2021 1-36-06 pm.png Size: 101 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EG May10 H1 BEOB 10-5-2021 2-20-11 pm.png Size: 58 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,555
  • May 10, 2021 1:35am May 10, 2021 1:35am
Asian session GJ move. 106 pips upside from open.

Most of the time GJ move well in Asian session.

For day trading you can use GJ. Few months ago I come to know a very good trader who trade Asian session only. trade most of the time GJ.
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MA provides the market's current direction and strength.
  • #118,556
  • May 10, 2021 1:38am May 10, 2021 1:38am
Quoting hasib
seems like GU is strongly moving up today {image}
Yes. Those who trade the Daily are all happy since last Friday' Master Candle [3] breakout and today is just the CONTINUATION.

https://www.forexfactory.com/thread/...8#post13529288

Attached Image (click to enlarge)
Click to Enlarge Name: GU May10 H1 FO 10-5-2021 2-37-06 pm.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #118,557
  • May 10, 2021 2:02am May 10, 2021 2:02am
Why prefer .NET to MQL for creating automatic trading experts
Authors of MetaTrader were guided by different considerations when creating a language for it, which led to the fact that instead of integrating with existing programming systems they have chosen to create a DSL (domain specific language). Thus, they have won for themselves independence of the platform, and also got an easy to learn scripting language. But programmers have lost significant opportunities which are present in any general-purpose programming environment, with nothing in return. One of the features of MQL is that programmers do not have control over the code, and any developments are visible for the broker. A dishonest broker sees how good your program is, and can easily run it and use for his own purposes without notifying you.
MQL did not become a DSL, because there is nothing that would have facilitated the work of the trader-programmer, which doesn’t exist in other general purpose programming language. The syntax and semantics of the language is very much based on C, and all features are implemented in the form of global functions. The only significant differences from C - implicit memory management, and the “string” type. With the same success they could take any other language as a basis, for example, Java or JavaScript.
In 2000, when MetaTrader was created, C# was gaining a momentum and it was hard to tell what would be the result. In 2012 .NET has unquestionably become the best development platform for Windows. All of the Windows technologies are available in .NET. You can refer to the operating system itself, and to work with the memory at a low level, but despite of that the language remains easy to learn. There’s an endless number of commercial and free libraries, which provide a solid background and let you focus directly on the task at hand, rather than the on the infrastructure.
Comparison of C# and MQL shows that MQL4 - it is almost a subset of C#, but C# is more convenient, starting from simple things, such as working with strings.
Example 1 - Remove the insignificant white space MQL:
string str1 = StringTrimLeft(StringTrimRight(" Hello world "));
C#:
string str1 = " Hello world ".Trim();
A large number of functions is implemented in libraries. With .NET you can: work with Excel, generate reports and graphs, work with databases, work with Internet protocols, mathematical calculations, and more. Yes, you can use the pure MQL to write programs, yes, they do it a lot and the programs work correctly, but it’s like to farm the land with bare hands and simple instruments in the era of machinery and technics.
Programming C# experts in possible with NQuotes. NQuotes is a library that brings every feature from MQL4 to .NET, which allows you to create new programs for the trading in C# environment, as well as easily transfer old programs from MetaEditor to Visual Studio. A distinctive feature is that the API is presented in exactly the same form as in MQL. This means that to master NQuotes you can use all the knowledge about programming experts, and use the Help and Support from MQL4-programmers community.
If we consider C# as a DSL for trading, it is convenient due to features such as enumerated types (IEnumerable), LINQ query language and broad means of abstraction. For example, LINQ allows you to work with data streams as objects, rather than element by element, which is useful if you want to deal with a price quotations as with a continuous stream, the discrete function, and not just an array of values.
Example 2 - Calculate the sum MQL:
int count = ArraySize(values); int sum = 0; for (int i = 0; i < count; i++) sum += values[i];
C#:
int sum = values.Sum();
When the good automatic trading expert is created, it is important to think about the protection and preservation of information and intellectual property that you own (by your code). Something that can help you to do this is “obfuscators” - systems of binary code obfuscation, which will make it impossible to understand the program intrinsics. And the fact that the expert code is separated from the terminal by the .NET virtual machine protects from the broker sniffing.
Development tools must address the daily programmer problems, and let programmers concentrate on the primary task - modeling of the domain. C# has significant advantages compared with the limited built-in language of the terminal, and this is not only true in the general sense, but also true when applied to trading, and programming experts. You can try the library NQuotes - a solution for seamless integration between MQL and .NET.
MA provides the market's current direction and strength.
  • #118,558
  • May 10, 2021 2:27am May 10, 2021 2:27am
Quoting emmanuel7788
{quote} Yes. Those who trade the Daily are all happy since last Friday' Master Candle [3] breakout and today is just the CONTINUATION. https://www.forexfactory.com/thread/...8#post13529288 {image}
I can 2 master candle
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MA provides the market's current direction and strength.
  • #118,559
  • May 10, 2021 3:53am May 10, 2021 3:53am
Quoting tommydoginti
{quote} TDI bounce trade. 510 pips (who would use pips to measure performance this way) Buy signal is also present on H4 and Daily. With the crypto hype and ETHBTC favours ETH, bias is more towards buy {image}
It makes you wonder.
Attached Image
  • #118,560
  • May 10, 2021 4:04am May 10, 2021 4:04am
Quoting Tekkies
{quote} It makes you wonder. {image}

No need to wonder.

You trade M15 with a different TDI version.

H1 TDI#25 has not cross yet.

Attached Image (click to enlarge)
Click to Enlarge Name: EU May10 H1 LO2 10-5-2021 4-58-26 pm.png Size: 50 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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