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Monitor for 'Trading Made Simple' system 565 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

  • #119,001
  • May 18, 2021 2:45pm May 18, 2021 2:45pm
Quoting hasib
if you like TDI corss and and TDI angle you will sell in this candle, bad entry. If you don't understand market structure and conditions It is given that your account balance will go south. sorry to say TDI cross is nothing but a way to lose money. {image}
It is not clear why you think that selling that marked bar would be a bad entry, when a common place for the stop loss is above the high of that bar, and price on your screen capture has not gone there, so the sell would still be open.
To free Gazans of Hamas, use whatever it takes.
  • #119,002
  • May 18, 2021 3:04pm May 18, 2021 3:04pm
Quoting DrDave
{quote} It is not clear why you think that selling that marked bar would be a bad entry, when a common place for the stop loss is above the high of that bar, and price on your screen capture has not gone there, so the sell would still be open.
yes, if anyone sell their SL is not hit yet.
MA provides the market's current direction and strength.
  • #119,003
  • May 18, 2021 6:29pm May 18, 2021 6:29pm
Quoting hasib
if you like TDI corss and and TDI angle you will sell in this candle, bad entry. If you don't understand market structure and conditions It is given that your account balance will go south. sorry to say TDI cross is nothing but a way to lose money. {image}

that H1 TDI on your chart is one of Big E' 'iffy' and he would not have taken that signal.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,004
  • May 18, 2021 6:37pm May 18, 2021 6:37pm
Quoting anjanbabu
{quote} what's your TDI mine hasn't crossed over yet but it is a solid entry {image}
that is a two-bars REVERSAL candle and that TDI version in Post#25 used in plamendp' @TMSTDI WatchDog shows a good slope value.

note the APB/HA candle colour changed as that setup candle move higher high + higher Close.

The C-slope +9.7(cross) against the P-Slope -3.1 is a technical 'check-mark' entry.

Attached Image (click to enlarge)
Click to Enlarge Name: EG May18 H4 2AM 2bars reversal is risky 18-5-2021 7-57-42 pm.png Size: 82 KB


I think that would also qualify as Phx62 PCRF setup.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,005
  • May 18, 2021 6:42pm May 18, 2021 6:42pm
Quoting ladharimoham
what about this one ? {image}

there is a setup and you could have entered at the open of this H4 .

you have the Daily TDIc1 in favour.

one of the risk is the Trend 2/8 Weekly is sideways and you can mitigate this easily.

note the ATR is 17pips and you have to decide on your exit knowing this is narrow range.

the pip $value is good to trade to 'hedge' when the two amigos EurUsd and GbpsUsd are not riding alongside.


see post above:
https://www.forexfactory.com/thread/...7#post13543637

Attached Image (click to enlarge)
Click to Enlarge Name: EG May18 H4 2AM 2bars reversal is risky 18-5-2021 7-57-42 pm.png Size: 82 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,006
  • May 18, 2021 6:53pm May 18, 2021 6:53pm
Quoting bigpips
Hi Everyone! 3 years on from last visit and not much has changed! Well done! System still very similar to early days. Emm and Tekkies also still at each other! Incredible.. you 2 are relentless! All the best to all! Find your niche..work hard and your life will change!
My tennis idol got beaten:
LONDON: A rusty Roger Federer was beaten 6-4 4-6 6-4 by Spaniard Pablo Andujar on his return to the ATP Tour at the claycourt Geneva Open on Tuesday, but there were still plenty of positives for the Swiss in his performance.

and here in TMS,
people still digging while many have given up.
Attached Image (click to enlarge)
Click to Enlarge Name: traders in ForexFactory.png Size: 1.2 MB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,007
  • May 18, 2021 7:03pm May 18, 2021 7:03pm
Quoting eelfranz
Hey Gang, You know I prefer to trade the the 1 & 4hr timeframes.... Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....

Today is Wednesday May19,

we have Monday and Tuesday MoTu candles already ... Follow MoTu candles.

Example: Monday Tuesday Daily

Attached Image (click to enlarge)
Click to Enlarge Name: EurSgd MTu May19 19-5-2021 8-01-51 am.png Size: 44 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,008
  • May 18, 2021 7:07pm May 18, 2021 7:07pm
Quoting emmanuel7788
{quote} hey Folks when you are not sure if you can trade when the Stoch is above / below in its overbought / oversold regions, read, study and learn from another of Big E' top traders ... he has a good brain and is brilliant in technical studies. he has two methods following Big E' TMS and work great trading H4 and daily charts. Lower risk, stress free TDI system https://www.forexfactory.com/thread/...ree-tdi-system mehdi343 Method 1 : At the beginning of the day,...

Lower risk, stress free TDI system
https://www.forexfactory.com/thread/...ree-tdi-system

mehdi343

Method 1 :

>>>> At the beginning of the day, I will check all 28 pairs for possible entries based on the following rules:

BUY:

1) Stochastic : Should be over 80
2) TDI : a) Green should cross above the red line or show a rebound b) prefer that cross or rebound happened above the yellow line.

Sell:

1) Stochastic : Should be bellow 20
2) TDI : a) Green should cross bellow the red line or show a rebound b) prefer that cross or rebound happened bellow the yellow line.


Example:

GbpUsd May19 Daily

Attached Image (click to enlarge)
Click to Enlarge Name: Gu May19 mehdi343 Method1 19-5-2021 8-04-54 am.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,009
  • May 18, 2021 8:10pm May 18, 2021 8:10pm
May19 H4 Tokyo 10AM is new H4 candle

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon May19 Tokyo 10am 19-5-2021 9-06-01 am.png Size: 15 KB


EJ buy:

- you have all the V19 information available to you

- should be an easy decision and mitigate the risks you see

Attached Image (click to enlarge)
Click to Enlarge Name: EJ May19 H4 TOK10AM 19-5-2021 9-05-31 am.png Size: 75 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,010
  • May 18, 2021 8:49pm May 18, 2021 8:49pm
Quoting emmanuel7788
May19 H4 Tokyo 10AM is new H4 candle {image} EJ buy: - you have all the V19 information available to you - should be an easy decision and mitigate the risks you see {image}
I see you to atr(100)=26 pips. if buy EJ now. Would you put SL at 52 pips (2ATR) right? That's the safest way, isn't it? To optimize R:R. can i order 1 ATR 100 ( 26pip) ?
  • #119,011
  • May 18, 2021 8:58pm May 18, 2021 8:58pm
Quoting emmanuel7788
{quote} Lower risk, stress free TDI system https://www.forexfactory.com/thread/...ree-tdi-system mehdi343 Method 1 : >>>> At the beginning of the day, I will check all 28 pairs for possible entries based on the following rules: BUY: 1) Stochastic : Should be over 80 2) TDI : a) Green should cross above the red line or show a rebound b) prefer that cross or rebound happened above the yellow line. Sell: 1) Stochastic...
Last 4h candle I found 4 setups according to this strategy : Buy EURJPY,GBPCAD,EURCHF, Sell CADCHF!
  • #119,012
  • May 18, 2021 10:24pm May 18, 2021 10:24pm
Quoting emmanuel7788
{quote} that is a two-bars REVERSAL candle and that TDI version in Post#25 used in plamendp' @TMSTDI WatchDog shows a good slope value. note the APB/HA candle colour changed as that setup candle move higher high + higher Close. The C-slope +9.7(cross) against the P-Slope -3.1 is a technical 'check-mark' entry. {image} I think that would also qualify as Phx62 PCRF setup.

hello emm,

i am not sure if this has been asked. if it has been asked, my apologies but i could not find the thread about it. what is the best numerical value for the slope and why?
  • #119,013
  • May 18, 2021 10:26pm May 18, 2021 10:26pm
I am trying to create this strategy to EA. I am a coder, but new to MQL4. Can anyone in this forum help me to create EA.
  • #119,014
  • May 18, 2021 10:44pm May 18, 2021 10:44pm
Quoting mistdraw28
{quote} Last 4h candle I found 4 setups according to this strategy : Buy EURJPY,GBPCAD,EURCHF, Sell CADCHF!
I have my 60:40 rules when I am trading TMS 5-Method. I need only 3 good 4H swing trades ever week.
I do not trade any CHF pairs because in my first 20 pairs in 5 groups, I have enough trades every week/every month to reach my 20-trading days profit target. In the worst case, I cut loss - 10% to 15% max and this allow me to recover that drawdown.

GBPCAD, yes, if you are the aggressive IB breakout type trader.

Buy I wait for the London session and see if the Mother Bar/Inside Bar which can turn to become a Master Candle.
That last H4 price MOMENTUM is not the best in my opinion for a breakout at this time of the Sydney-Tokyo session. The C-Slope 3.6 and bounce value 3.7 not in my strict pick criteria.
During this YSD-TOK session, I wait for the TOKY_5H to be complete then see if I have a H1 TOKY_5H trade.
There are many different ways to find good trades.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD May19 H4 V19 Tokyo 1236PM 19-5-2021 11-34-02 am.png Size: 82 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,015
  • May 18, 2021 10:51pm May 18, 2021 10:51pm
Quoting Kristinjack
I am trying to create this strategy to EA. I am a coder, but new to MQL4. Can anyone in this forum help me to create EA.

quite many people have tried in the last 15 years including Dean Malone who is the creator of the Traders_Dynamic_Index.

here in FF were a few good attempts and I learned a lot from these members.

my conclusion is to develop a better trade manager EA to help you manage your manually picked trade setups, i.e. you initiate the trade entry and let the EA manage the exits for your.

learn from this thread:
Trading Made Simple EA by Guess Whom
https://www.forexfactory.com/thread/...-by-guess-whom
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,016
  • May 18, 2021 10:52pm May 18, 2021 10:52pm
Quoting rdapol
{quote} hello emm, i am not sure if this has been asked. if it has been asked, my apologies but i could not find the thread about it. what is the best numerical value for the slope and why?

this thread:

Indicators for the 'Trading Made Simple' system

https://www.forexfactory.com/thread/...45#post4667745

follow and read the posts by member named plamendp he created his @TMSTDI WatchDog with the original TDI used by Big E.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,017
  • May 19, 2021 12:03am May 19, 2021 12:03am
Quoting emmanuel7788
{quote} I have my 60:40 rules when I am trading TMS 5-Method. I need only 3 good 4H swing trades ever week. I do not trade any CHF pairs because in my first 20 pairs in 5 groups, I have enough trades every week/every month to reach my 20-trading days profit target. In the worst case, I cut loss - 10% to 15% max and this allow me to recover that drawdown. GBPCAD, yes, if you are the aggressive IB breakout type trader. Buy I wait for the London session and see if the Mother Bar/Inside Bar which can turn to become a Master Candle. That last H4 price...

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD May19 H4 V19 Tokyo 1236PM 19-5-2021 11-34-02 am.png Size: 82 KB


GBPCAD H4 May19 Tokyo 2pm also Big E' 10PM PDT

- H4 now has a Master Candle confirmed

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCAD May19 H4 TOH_2PM 10PM PDT 19-5-2021 1-00-48 pm.png Size: 72 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,018
  • May 19, 2021 1:01am May 19, 2021 1:01am
Quoting emmanuel7788
{quote} I have my 60:40 rules when I am trading TMS 5-Method. I need only 3 good 4H swing trades ever week. I do not trade any CHF pairs because in my first 20 pairs in 5 groups, I have enough trades every week/every month to reach my 20-trading days profit target. In the worst case, I cut loss - 10% to 15% max and this allow me to recover that drawdown. GBPCAD, yes, if you are the aggressive IB breakout type trader. Buy I wait for the London session and see if the Mother Bar/Inside Bar which can turn to become a Master Candle. That last H4 price...
Thank Bro. In D1 GCAD is also very beautiful. Expect it to break the main candle in the upcoming LO session.
  • #119,019
  • May 19, 2021 2:07am May 19, 2021 2:07am
Quoting Kristinjack
I am trying to create this strategy to EA. I am a coder, but new to MQL4. Can anyone in this forum help me to create EA.
Post 1
  • #119,020
  • May 19, 2021 2:22am May 19, 2021 2:22am
Quoting Tekkies
{quote} Post 1

Hey @Tekkies

I think of this Post#136 by Moewet and
Quoting Moewet
Hello I'm I think this system rocks can someone with invite Steve Hopwood to this party I mean I would ask him myself to create this ea but I have no reputation on FF,so most likely he'll just ignore me but please someone reach out and touch him on this one,I know sometimes people don't want ea's to clutter the thread but the way Steve's been doing it lately he can just start a separate thread,thanks I respect the pippin going on here!

Hello I'm I think this system rocks can someone with invite Steve Hopwood to this party I mean I would ask him myself to create this ea but I have no reputation on FF,so most likely he'll just ignore me but please someone reach out and touch him on this one,I know sometimes people don't want ea's to clutter the thread but the way Steve's been doing it lately he can just start a separate thread,thanks I respect the pippin going on here!



Big E's reply Post#139
Quoting eelfranz
Moe, 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... sorry buddy...

Moe,

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... sorry buddy...

and my reply to Kristinjack:

see Post#119,016

https://www.forexfactory.com/thread/...4#post13543814
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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