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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

  • #121,161
  • Jun 23, 2021 4:05am Jun 23, 2021 4:05am
Quoting emmanuel7788
{quote} *** LIVE Trading *** June 23 H4 The last 10PM PDT candle will expire soon and the next H4 is 2AM PDT in 14 mins by now you should know which pairs will have a setup. {image}

*** LIVE Trading *** June 23 H4 2AM PDT

Now you know which pairs and you have the signal alerts

Just go for it!

Attached Image (click to enlarge)
Click to Enlarge Name: TMS Monitor Jun23 H4 2AM PDT 23-6-2021 5-03-41 pm.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,162
  • Jun 23, 2021 4:21am Jun 23, 2021 4:21am
Quoting mosiskv
Hi Even though it is not directly applicable to Eelfranz's system here are some info regarding neural systems in forex we found when a friend and I investigated it some time ago. It is not something to take lightly and "loosely/jokingly" - it needs a "bit"" more serious attention and a "bit of a deeper" pocket than the normal retail trader has available. If one is serious just google something like "application of neural networks in forex" etc. You will see it has received a lot of attention. At MQL5 codebase you can start here...

If you read the suggested materials, look at the first part of the researches where the groups were building up the statistical foundations for the subsequent Neural Network development

and compare with the statistical presentation in the previous posts.

some may be resentful and say “Hey! I don’t need the indicator and know prices picks up momentum at certain time of the day and reverse at a certain range from day open”
Indeed, that is your experience in trading that accumulate enough “statistics” so that it becomes your foundation to make such statements.

The distinctive features of Neural Network is not difficult to be built on top of statistical models. Think about how you would use your understanding of the market to determine “I will look for a buy at x.xxxx at LO and believe it has >50% chance to win”. That, is what Regression to Neural Network do.
I will elaborate a bit on shortcuts for non-coding experts to develop their regression tool based on statistical information. Let the codes work for you

stay tuned

but, honesty is a very expensive tool, you don’t find it in cheap people.
  • #121,163
  • Jun 23, 2021 5:32am Jun 23, 2021 5:32am
Quoting mosiskv
Hi Even though it is not directly applicable to Eelfranz's system here are some info regarding neural systems in forex we found when a friend and I investigated it some time ago. It is not something to take lightly and "loosely/jokingly" - it needs a "bit"" more serious attention and a "bit of a deeper" pocket than the normal retail trader has available. If one is serious just google something like "application of neural networks in forex" etc. You will see it has received a lot of attention. At MQL5 codebase you can start here...
Can also use these:
https://www.mql5.com/en/search#!keyw...%20Made%20Easy
  • #121,164
  • Jun 23, 2021 5:47am Jun 23, 2021 5:47am
Quoting EpicSeo
{quote} may i ask what timeframe should we use to run the EA? Do you suggest running it with 15mins? 1Hr? and can this run in different kind of major currency pairs? Thank You i am new to this
First, don't use any EA for this method.

TDI crossover only indicate a trade set up.
When such a set is indicated filter the crossover:
TDI green angle: above/ below 2/4
Does Stoch confirm direction of green angle
Apply post#647 "When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:"

As to your question:
Use any timeframe your are comfortable to trade with.
- M15 to trade with
- H1 TDI green to confirm direction of intended order.
Try to use the last 15min of the hour when H1 can/look like/about to crossover.
  • #121,165
  • Jun 23, 2021 6:04am Jun 23, 2021 6:04am
Quoting emmanuel7788
{quote} also tracking the Daily USD majors know the bulls and the bears {image}

USD majors still bullish today so we buy AU, EU and GU, and sell UCad and UChf using Big E' 5-Method.

simple indicator just use the OHLC of AU, EU, Gu, UCad, UChf and calibrate them into one combined OHLC for this composite currency USD and create its own candles

and do the usual technical analysis.

Is this simple enough?

Attached Image (click to enlarge)
Click to Enlarge Name: CX_USD Jun23 Daily.png Size: 13 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,166
  • Jun 23, 2021 6:06am Jun 23, 2021 6:06am
Quoting Tekkies
{quote} Can also use these: https://www.mql5.com/en/search#!keyw...%20Made%20Easy

hey @Tekkies

Good to see you are interested in Neural Networks too.

Lets develop some new tools and help more traders trade with better tools and make more money.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,167
  • Jun 23, 2021 6:18am Jun 23, 2021 6:18am
Quoting tommydoginti
{quote} Thanks for the reading materials. For those traders who would like to quickly know how to distinguish if a tool is indeed “Neural Network” or not, I would like to point your attention to the OUTPUT of the Neural Network algorithm in those published papers. then you can understand immediately. stay tuned.
I read a study a few months ago that answered the question, Are the results from neural networks significantly different from a simple statistical analysis?
For the systems that were analyzed, the finding was that in most cases, no statistically significant difference was found. In a few cases, a quite small difference was found, with the neural network being better. Some of the results from the neural networks were grossly wrong, compared to wrong results from the statistical model.

They concluded that for the amount of time and resources required to set up and run the neural network analysis compared to a simple statistical analysis, stick with statistical analysis. Especially in cases where the neural network was complex and/or had hidden layers that made it extremely difficult to determine exactly what the network was doing.
To free Gazans of Hamas, use whatever it takes.
  • #121,168
  • Jun 23, 2021 6:31am Jun 23, 2021 6:31am
Quoting emmanuel7788
{quote} hey @Tekkies Good to see you are interested in Neural Networks too. Lets develop some new tools and help more traders trade with better tools and make more money.


My first advice to you is accept that tool you are using has nothing to do with Neural Network. Sorry if you were told that way.

If you are interested in learning what coding and Neural Network is, please feel free to ask.

Regression model is easier than Neural Network by a lot. Stay tuned
  • #121,169
  • Jun 23, 2021 7:09am Jun 23, 2021 7:09am
Quoting DrDave
{quote} I read a study a few months ago that answered the question, Are the results from neural networks significantly different from a simple statistical analysis? For the systems that were analyzed, the finding was that in most cases, no statistically significant difference was found. In a few cases, a quite small difference was found, with the neural network being better. Some of the results from the neural networks were grossly wrong, compared to wrong results from the statistical model. They concluded that for the amount of time and resources...

Some legit working AI/neural network models that I know of applied in trading are heavily based on fundamental analysis and aim for long term investment

And it is not about “xxx news, so price will go up/down”. One model that was explained in more detail in a webinar was using AI to seek correlation of a combination of news and adjust forecast of currency pairs.

There have been a number of groups and individuals attempt to apply neural network for technical analysis from retail traders’ perspective. But you are correct that while machine leaning approach creates a large variety in trading approach, so far there is no breakthrough in accuracy compared with other approaches including discretionary approach.

Yet, it is still a trend getting more attention in recent years. People love new toys.
In my opinion, it adds convenience as it can be applied to replace more and more aspect of trading which normally is done manually.
  • #121,170
  • Jun 23, 2021 7:25am Jun 23, 2021 7:25am
Quoting hasib
{image}

when it moves will you be there?

right here waiting.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Jun23 arrow flag 23-6-2021 8-23-04 pm.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,171
  • Jun 23, 2021 7:27am Jun 23, 2021 7:27am
Quoting tommydoginti
{quote} My first advice to you is accept that tool you are using has nothing to do with Neural Network. Sorry if you were told that way. If you are interested in learning what coding and Neural Network is, please feel free to ask. Regression model is easier than Neural Network by a lot. Stay tuned

"Regression model is easier than Neural Network by a lot."

LOL. I'll buy twenty lots then.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #121,172
  • Jun 23, 2021 7:29am Jun 23, 2021 7:29am
greetings emmanuel, Would you be available for a EA development?
  • #121,173
  • Jun 23, 2021 8:26am Jun 23, 2021 8:26am
Quoting emmanuel7788
{quote} when it moves will you be there? right here waiting. {image}
I am not that interested in gold market this week. I am waiting for setup in US30 today. News is coming today and tomorrow. If not today tomorrow market will move nicely. Let's see how it goes.

NN is too advanced for me, I leave it for those who want 85% win rate, I just need 50 to 60% win rate. I will read material about NN so that I can learn something and improve my trading. so far what I read about NN Did not improve my trading.
MA provides the market's current direction and strength.
  • #121,174
  • Jun 23, 2021 8:28am Jun 23, 2021 8:28am
Quoting tommydoginti
{quote} My first advice to you is accept that tool you are using has nothing to do with Neural Network. Sorry if you were told that way. If you are interested in learning what coding and Neural Network is, please feel free to ask. Regression model is easier than Neural Network by a lot. Stay tuned
"Regression model is easier than Neural Network by a lot"
Why do you say that Tommy?
Do a google search for "BPNN.dll" and you will find how easy are Neural Network.
  • #121,175
  • Jun 23, 2021 8:30am Jun 23, 2021 8:30am
Quoting Tekkies
{quote} "Regression model is easier than Neural Network by a lot" Why do you say that Tommy? Do a google search for "BPNN.dll" and you will find how easy are Neural Network.
LOL
To free Gazans of Hamas, use whatever it takes.
  • #121,176
  • Jun 23, 2021 9:28am Jun 23, 2021 9:28am
Quoting hasib
{quote} I am not that interested in gold market this week. I am waiting for setup in US30 today. News is coming today and tomorrow. If not today tomorrow market will move nicely. Let's see how it goes. NN is too advanced for me, I leave it for those who want 85% win rate, I just need 50 to 60% win rate. I will read material about NN so that I can learn something and improve my trading. so far what I read about NN Did not improve my trading.

Of course reading about Neural Network do not improve your trading, simply because Neural Network, and coding, has nothing to relate with trading at all. Just like reading about fluidic dynamics does not help you with swimming. You need to build a Neural Network tool so it can help with your trading.

especially for technical analysis, not one approach has significant advantage over others, from naked chart to indicators, manual to automatic. The attraction of Neural Network comes from efficiency and objectivity of automation combined with its adapting capability, and ability to see rooms of improvement which otherwise very difficult to be done traditionally (e.g. what is the optimal TP in pips in different market condition and volatility, etc. Things cannot be estimated by single equation)

The win rate, etc, still rely on the traders' own trading skills. machine learning are mostly supervised, in layman's term is developed from the traders' own existing strategies.
  • #121,177
  • Jun 23, 2021 11:37am Jun 23, 2021 11:37am
Inserted Video
MA provides the market's current direction and strength.
  • #121,178
  • Jun 23, 2021 2:16pm Jun 23, 2021 2:16pm
Quoting tommydoginti
{quote} Of course reading about Neural Network do not improve your trading, simply because Neural Network, and coding, has nothing to relate with trading at all. Just like reading about fluidic dynamics does not help you with swimming. You need to build a Neural Network tool so it can help with your trading. especially for technical analysis, not one approach has significant advantage over others, from naked chart to indicators, manual to automatic. The attraction of Neural Network comes from efficiency and objectivity of automation combined with...
Neural networks get plenty of hype in a number of fields. However, Design of Experiments is a valuable statistical approach that typically is easier to implement and requires much shorter run times to find optimized parameters and interactions, if any, between factors.

A published trading strategy was optimized via Design of Experiments and demonstrated that significant improvements in profits and Sharpe ratio were possible, along with which factors had inter-relationships. The curious can find it here.
To free Gazans of Hamas, use whatever it takes.
  • #121,179
  • Jun 23, 2021 3:03pm Jun 23, 2021 3:03pm
Quoting tommydoginti
{quote} Good price volatility EU buy at TDI bounce + reversal setup 5min TP {image}{image}
TDI cross entry SELL

Attached Image (click to enlarge)
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Attached Image
  • #121,180
  • Jun 23, 2021 5:51pm Jun 23, 2021 5:51pm
EurUsd Jun23 5PM EST New Close

- when NY Close the market liquidity is usually low so we do not take any 4H swing trade.

- H4 shows L H > HH HL > HH HL

- the TDI cross [slope 2.5] is not the best setup condition to sell

- market sentiments is weaker USD

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jun24 H4 V19 24-6-2021 6-42-03 am.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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