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Trading Made Simple

  • #119,061
  • May 20, 2021 8:28am May 20, 2021 8:28am
Quoting anjanbabu
A possible buy setup forming on EU waiting for TDI cross I will take if the TDI crosses If not then I will look for a sell after another red HA candle {image}
Good find anjanbabu,

Using HA indicator to overlay traditional candlestick on Trading View is the correct way. Glad you found it!
  • #119,062
  • May 20, 2021 9:46am May 20, 2021 9:46am
Lets say Mr. X is a trader, He traded market for 4 years now. He has a system. He knows that his system has 40 to 44% win rate.
So he started trading with that system. In first month He got 100 trade. 70% of those trade profitable. His average RR is little more than 1.

In the next month he saw that his win rate fall he is now getting only 48% win rate. In this case if he increase his lot size for recover the loss it will be bad decision. If he started blaming trading psychology it will be a BS. Because He got lucky in the first month. Last 10 years past data shows that his system has only 40% win rate.


That is what is happening with most of so called experienced trader. they are not testing their system in good enough data. when they win trade, they think their brilliant. when they lose the think all problem are in their psychology. psychology is not always a problem. Yes if some try to recover the losses with a big lot that is a problem, we can say lack of knowledge.

If anyone give psychology book stay away from them until they give you a back tested trading system.

There is a problem too. I will cover it some days in future.
MA provides the market's current direction and strength.
  • #119,063
  • May 20, 2021 10:48am May 20, 2021 10:48am
Sellers got trapped here.
Be careful about trading only candlesticks pattern
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MA provides the market's current direction and strength.
  • #119,064
  • Edited May 21, 2021 11:15am May 20, 2021 10:58am | Edited May 21, 2021 11:15am
{ copyrighted attachment deleted by staff }

Attached Image
MA provides the market's current direction and strength.
  • #119,065
  • May 20, 2021 11:21am May 20, 2021 11:21am
waiting for good entry.
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MA provides the market's current direction and strength.
  • #119,066
  • May 20, 2021 12:16pm May 20, 2021 12:16pm
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MA provides the market's current direction and strength.
  • #119,067
  • May 20, 2021 4:44pm May 20, 2021 4:44pm
Quoting emmanuel7788
{quote} EU May20 H1 trade - the H1 PA BUEOB + HA candle changed colour *use the @TMSTDI_WatchDog and read the Curr-slope / Prev-Slope when the setup candle closed. The clock angle 12-2 is too subjective depends on your screen aspect ratio. {image}
EU May20 Trade closed

- first trade got stopped out by the pull-back THV CaveManager Capital Protection like the way Big E would exit when price pulls back

- re-entry trade was using my mobile and was badly timed but I remembered H4 bar and HA candle was closing above its 5EMA

*good thing in using MT4 is you can have the APB/HA candle and you can turn on/off the candles to have a better view of the price OHLC price action. Or you can have your MT4 price chart set to Foreground mode.

A good buy entry candle is when price bar is green and APB/HA is also green (blue for better contrast), and sell entry on red price bar on red HA candle. Zoom in when you study Big E training charts. He has the OHLC behind the HA candles.



Attached Image (click to enlarge)
Click to Enlarge Name: EU May20 trades closed 21-5-2021 5-34-14 am.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,068
  • May 20, 2021 11:07pm May 20, 2021 11:07pm
These 4 pairs have 3 distinct Price Action setup which I normally look for.

If you can name these 3 PA and know the TDI C-Slope and P-Slope, which support these, then you are on the right track to pick some good trades.

Question is your on chart risk assessment and what information you use here to make trading decisions.

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Mon May21 Tokyo11am 21-5-2021 11-59-49 am.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,069
  • May 21, 2021 2:57am May 21, 2021 2:57am
Quoting emmanuel7788
These 4 pairs have 3 distinct Price Action setup which I normally look for. If you can name these 3 PA and know the TDI C-Slope and P-Slope, which support these, then you are on the right track to pick some good trades. Question is your on chart risk assessment and what information you use here to make trading decisions. {image}
EMM brother. Can I analyze BTCUSD with method-5? Have you tried it yet?
  • #119,070
  • May 21, 2021 4:01am May 21, 2021 4:01am
Quoting hikaru259
{quote} Hi Cj, I'm sorry I'm afraid i can't. I don't want to be spool feeding. Let's me show you the logic and you can build it by yourself. It's easy but take some time. Building by yourself will help you to understand more and know the pros and cons of the setting. It's the best way to deep dive and optimize. MEME management is suitable for a medium/large account > $5000, so find the most suitable setting for you. I'm doing my research on MEME II - EVO with the min capital of $10.000, I aim for less risk and "let 's profit run" method and MPTM...


hi Hikaru i want to make a formula that will help me find the lot size that I need to on a number of pips. Example I want to earn 8% of my trading balance on 20pips in a trade on GBPJPY, I want to make a formula that will automatically give me lotsize i need. I have few knowledge in excel formula and i know i can make this but the problem is i don't know where to start. Can you enlighten me on this? thank you in advance
  • #119,071
  • May 21, 2021 4:37am May 21, 2021 4:37am
Quoting emmanuel7788
{quote} EU May20 Trade closed - first trade got stopped out by the pull-back THV CaveManager Capital Protection like the way Big E would exit when price pulls back - re-entry trade was using my mobile and was badly timed but I remembered H4 bar and HA candle was closing above its 5EMA *good thing in using MT4 is you can have the APB/HA candle and you can turn on/off the candles to have a better view of the price OHLC price action. Or you can have your MT4 price chart set to Foreground mode. A good buy entry candle is when price bar is green and...
Please do you share your tpl?
Best regards.
  • #119,072
  • May 21, 2021 4:40am May 21, 2021 4:40am
Quoting mark692
{quote} hi Hikaru i want to make a formula that will help me find the lot size that I need to on a number of pips. Example I want to earn 8% of my trading balance on 20pips in a trade on GBPJPY, I want to make a formula that will automatically give me lotsize i need. I have few knowledge in excel formula and i know i can make this but the problem is i don't know where to start. Can you enlighten me on this? thank you in advance
Doubt Hikaru is going to answer you.
Try:
https://www.forextrading200.com/wp-c...latorV1_02.zip
https://www.tradingwithrayner.com/pip-value-calculator/
Google search with: "formula to calculate pips profit mt4"
  • #119,073
  • May 21, 2021 5:39am May 21, 2021 5:39am
Quoting Tekkies
{quote} Doubt Hikaru is going to answer you. Try: https://www.forextrading200.com/wp-c...latorV1_02.zip https://www.tradingwithrayner.com/pip-value-calculator/ Google search with: "formula to calculate pips profit mt4"

Thank you tekkies ill try to experiment on this
  • #119,074
  • May 21, 2021 10:14am May 21, 2021 10:14am
Adding a winning position to reap a bit more profit.

End the week with two TDI sell crosses
was targeting 1.415 but exited on pull back on minor support. Don’t want to stay in market on Friday evening.

Attached Image (click to enlarge)
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  • #119,075
  • Edited May 22, 2021 2:03am May 21, 2021 10:36pm | Edited May 22, 2021 2:03am
Quoting mark692
{quote} hi Hikaru i want to make a formula that will help me find the lot size that I need to on a number of pips. Example I want to earn 8% of my trading balance on 20pips in a trade on GBPJPY, I want to make a formula that will automatically give me lotsize i need. I have few knowledge in excel formula and i know i can make this but the problem is i don't know where to start. Can you enlighten me on this? thank you in advance

hi mark692

Hikaru259' post which you quoted was back in May 2019 and he was developing and testing his own TMS MEME-II ...

Quoting hikaru259
{quote} Hi Cj, I'm sorry I'm afraid i can't. I don't want to be spool feeding. Let's me show you the logic and you can build it by yourself. It's easy but take some time. Building by yourself will help you to understand more and know the pros and cons of the setting. It's the best way to deep dive and optimize. MEME management is suitable for a medium/large account > $5000, so find the most suitable setting for you. I'm doing my research on MEME II - EVO with the min capital of $10.000, I aim for less risk and "let 's profit run" method and MPTM...
I did a quick test using his spreadsheet information and ran my tests from Jun 01 2019 till current week May21 2021,

Using his example $10,000 account starting balance and only risk 1% per lot, and the result below.
Note, there a periods of narrow ranged market type which this strategy tester cannot identify but when we are trading manually we can do our Weekly Top Down Analysis WTDA and we will know when the market turn to and becomes narrow range and we will cut loss and stop trading until we se a wide ranged market type conditions.

Attached Image (click to enlarge)
Click to Enlarge Name: hikaru TMS MEME II Evo test.png Size: 26 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,076
  • May 22, 2021 2:52am May 22, 2021 2:52am
Quoting emmanuel7788
{quote} hi mark692 Hikaru259' post which you quoted was back in May 2019 and he was developing and testing his own TMS MEME-II ... {quote} I did a quick test using his spreadsheet information and ran my tests from Jun 01 2019 till current week May21 2021, Using his example $10,000 account starting balance and only risk 1% per lot, and the result below. Note, there a periods of narrow ranged market type which this strategy tester cannot identify but when we are trading manually we can do our Weekly Top Down Analysis WTDA and we will know when the...
Attached Image (click to enlarge)
Click to Enlarge Name: hikaru TMS MEME II Evo test.png Size: 26 KB



Increasing your Risk % will not improve trading performance

below risk 2% per lot

Attached Image (click to enlarge)
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then risk 5% per lot

Attached Image (click to enlarge)
Click to Enlarge Name: Hikaru259 TMS MEME II Evo $10k risk5pct.png Size: 22 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,077
  • May 22, 2021 4:11am May 22, 2021 4:11am
Quoting emmanuel7788
{quote} {image} Increasing your Risk % will not improve trading performance below risk 2% per lot {image} then risk 5% per lot {image}
Quoting hikaru259
{quote} Hi Cj, I'm sorry I'm afraid i can't. I don't want to be spool feeding. Let's me show you the logic and you can build it by yourself. It's easy but take some time. Building by yourself will help you to understand more and know the pros and cons of the setting. It's the best way to deep dive and optimize. MEME management is suitable for a medium/large account > $5000, so find the most suitable setting for you. I'm doing my research on MEME II - EVO with the min capital of $10.000, I aim for less risk and "let 's profit run" method and MPTM EA for supporting . I hope i can finish building/idea phase on May and forward testing in June. {image} So here is the logic: 1. Setup table in realtime data feed from MT4 for calculating pip value: ='MT4'|ASK!AUDUSD {image} 2. Entry average and lot size/risk calculation {image} formula to convert USD size to lot size: {image} Hope it can help you. Stay green, Son Nguyen
Most people wanting to be traders cannot handle the stress when they see their trading accounts in drawdown and lead them to do more mistakes.

Same test period GBPJPY follow Hiaru259 spreadsheet and reduce risk to 0.5% per lot, same entry and exit rules.

keep DD to between 10% and 15% maximum.

..." slow and steady ''

Attached Image (click to enlarge)
Click to Enlarge Name: TMS MEM Evo II $10k risk 0.5pct lot 22-5-2021 3-52-53 pm.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #119,078
  • May 22, 2021 1:50pm May 22, 2021 1:50pm
Quoting emmanuel7788
{quote} hi mark692 Hikaru259' post which you quoted was back in May 2019 and he was developing and testing his own TMS MEME-II ... {quote} I did a quick test using his spreadsheet information and ran my tests from Jun 01 2019 till current week May21 2021, Using his example $10,000 account starting balance and only risk 1% per lot, and the result below. Note, there a periods of narrow ranged market type which this strategy tester cannot identify but when we are trading manually we can do our Weekly Top Down Analysis WTDA and we will know when the...
I think everyone afraid to ask you this question they think it will hard their ego. Especially if you don't answer this question will feel bad about it.
Let me ask the Question? Because I don't want to have any ego with anyone.
How you Do your WTDA can you show us with picture and explanation Please.
MA provides the market's current direction and strength.
  • #119,079
  • May 22, 2021 1:58pm May 22, 2021 1:58pm
TMS PA
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MA provides the market's current direction and strength.
  • #119,080
  • May 22, 2021 2:14pm May 22, 2021 2:14pm
Look at this 6 candle, Should you open trade those candle why and why not. Answer one by one.
If anyone can't give proper explanation to those 6 candle they are fake guru of TMS.
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MA provides the market's current direction and strength.
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