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Trading Made Simple 151,867 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(r)

  • #6,741
  • Jul 4, 2021 11:19am Jul 4, 2021 11:19am
Quoting SwingMan
{quote} Hi young man, here are the old indicators ... I did not understand where the problem is. You probably have to change "deinit" int deinit() { //ObjectsDeleteAll(0,OBJ_RECTANGLE); //ObjectsDeleteAll(0,OBJ_TREND); ObjectsDeleteAll(0,"PCLine_"); return(0); } {image} {file} {file} {file}


That was fast.
Thank you very much SwingMan
IH - B221 Return Today: -0.2%
  • #6,742
  • Jul 5, 2021 8:50am Jul 5, 2021 8:50am
Quoting RobinHood
As I have always said... I would share new things here over time, so here's a really good one... In my never-ending quest to help other traders become successful (or more successful), I am going to introduce one of my favorite secret trading methods that I have never shared here before. 1. Bring up your favorite Forex pair on chart that only has white OHLC bars (on a black chart). You can make it a 5 min. 1hr, 4 hr, a Daily, a Weekly, or a Monthly chart...just pick any time frame that you like. 2. Add Heiken-Ashi candles. Make the up candles one...
Hello!
Has anyone (other than RobinHood) put this one to use?
  • #6,743
  • Jul 9, 2021 10:53am Jul 9, 2021 10:53am
Can the author tell me when using this mde simple trading system and method to avoid the sideways market, and any other tips to minimize the risk? Thank you
  • #6,744
  • Jul 12, 2021 4:51am Jul 12, 2021 4:51am
[quote=RobinHood;13530163]A1. Locate a spot on the chart when the shorter ema crosses above the longer ema. 2. Then after immediately after the cross, look for 2 up colored Heiken-Ashi candles (blue in my case) TOGETHER (they must be back-to-back candles) that have FLAT BOTTOMS....meaning with no wicks (or some traders call them tails). 3. Buy just above the high of the second consecutive candle with the flat bottom. 4. Place your stop just below the low of the 1st candle with no wick. 5. You decide where to exit. I personally have many different exits so I am not going to pick just one and say that's the way to exit every trade. Let's just say I like going for 2:1 trades and I like exiting into strength when possible, not on retracements.

Hi RobinHood

A query re your Flat Bottom strategy if I may. Does your text (highlighted)mean that one should only look for entries only immediately after the ema crossing or that once there has been a crossing of the ema's one can then take multiple entries as and when two consecutive Flat Bottoms print as suggested by your chart. I presume the latter but would appreciate your confirmation.

While posting I wish to say how much your efforts to enlighten are appreciated

Regards
Pilulae
  • #6,745
  • Jul 12, 2021 8:04am Jul 12, 2021 8:04am
Quoting Pilulae
Quoting RobinHood
A1. Locate a spot on the chart when the shorter ema crosses above the longer ema. 2. Then after immediately after the cross, look for 2 up colored Heiken-Ashi candles (blue in my case) TOGETHER (they must be back-to-back candles) that have FLAT BOTTOMS....meaning with no wicks (or some traders call them tails). 3. Buy just above the high of the second consecutive candle with the flat bottom. 4. Place your stop just below the low of the 1st candle with no wick. 5. You decide where to exit. I personally have many different
...
As you presumed, it's the latter.
Always a Student, Never a Master - Emulate What Works
  • #6,746
  • Jul 12, 2021 8:11am Jul 12, 2021 8:11am
Quoting trannhat2904
Can the author tell me when using this mde simple trading system and method to avoid the sideways market, and any other tips to minimize the risk? Thank you
The only definitive way that I have ever found to avoid sideways markets is to not trade at all.

Otherwise, I just let my most preferred indicators tell me when to enter and exit.
Always a Student, Never a Master - Emulate What Works
  • #6,747
  • Jul 13, 2021 11:26pm Jul 13, 2021 11:26pm
Quoting RobinHood
{quote}{quote} As you presumed, it's the latter.
Thank you RH
  • #6,748
  • Jul 14, 2021 4:32am Jul 14, 2021 4:32am
Quoting RobinHood
{quote} The only definitive way that I have ever found to avoid sideways markets is to not trade at all. Otherwise, I just let my most preferred indicators tell me when to enter and exit.
Robinhood and Emanuelle thanks a lot for your knowledge contribution. I find the Waddah_Attar Explosion indicator in combination with ADX helpful sometimes in ranging markets.
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  • #6,749
  • Jul 15, 2021 8:27am Jul 15, 2021 8:27am
Holy sufferin succotash Robinhood! This right here could be the Holy Grail. Your thread should really be a must read for newbies. But I guess most newbie traders dream making it big in the shortest time possible. "Get rich in a day please."

Anyway, am glad I stumbled upon your thread as I was wondering whatever happened to eelfranz. Thanks so much for sharing this.
  • #6,750
  • Jul 17, 2021 8:02am Jul 17, 2021 8:02am
Quoting Fotraneca
Holy sufferin succotash Robinhood! This right here could be the Holy Grail. Your thread should really be a must read for newbies. But I guess most newbie traders dream making it big in the shortest time possible. "Get rich in a day please." Anyway, am glad I stumbled upon your thread as I was wondering whatever happened to eelfranz. Thanks so much for sharing this.
Thank you for the kind words. Unfortunately, eelfranz passed away a few years ago due to being in very poor health for a long while as best I know.
Always a Student, Never a Master - Emulate What Works
  • #6,751
  • Jul 17, 2021 8:04am Jul 17, 2021 8:04am
Quoting trade1969
{quote} Robinhood and Emanuelle thanks a lot for your knowledge contribution. I find the Waddah_Attar Explosion indicator in combination with ADX helpful sometimes in ranging markets. {image}
Thank you for the suggestions.
Always a Student, Never a Master - Emulate What Works
  • #6,752
  • Jul 21, 2021 12:21pm Jul 21, 2021 12:21pm
Quoting RobinHood
As I have always said... I would share new things here over time, so here's a really good one... In my never-ending quest to help other traders become successful (or more successful), I am going to introduce one of my favorite secret trading methods that I have never shared here before. 1. Bring up your favorite Forex pair on chart that only has white OHLC bars (on a black chart). You can make it a 5 min. 1hr, 4 hr, a Daily, a Weekly, or a Monthly chart...just pick any time frame that you like. 2. Add Heiken-Ashi candles. Make the up candles one...
Hi RH, hope you are well.
Interested in looking into this method, however I have a few questions. Do you still check higher TF's for confirmation with this method? also after you get the back to back candles with flat bottoms/tops if the very next candle doesn't trigger your entry does the trade then become invalid? what if the candle that triggers the trade doesn't have a flat top/bottom is it still valid? What if candle 1 wick is longer than candle 2 wick when shorting?
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  • #6,753
  • Edited 7:04pm Jul 24, 2021 7:11am | Edited 7:04pm
Quoting Noors
{quote} Hi RH, hope you are well. Interested in looking into this method, however I have a few questions. Do you still check higher TF's for confirmation with this method? also after you get the back to back candles with flat bottoms/tops if the very next candle doesn't trigger your entry does the trade then become invalid? what if the candle that triggers the trade doesn't have a flat top/bottom is it still valid? What if candle 1 wick is longer than candle 2 wick when shorting? {image}
1. Do you still check higher TF's for confirmation with this method?
Yes, I now always check the higher time frame, and I only trade in that direction.

2. also after you get the back to back candles with flat bottoms/tops if the very next candle doesn't trigger your entry does the trade then become invalid?
No, it's still valid.

3. what if the candle that triggers the trade doesn't have a flat top/bottom is it still valid?
Yes, it's still valid.

4. What if candle 1 wick is longer than candle 2 wick when shorting?
You enter just above the highest high of the 2 candles.
Always a Student, Never a Master - Emulate What Works
  • #6,754
  • Jul 25, 2021 9:41pm Jul 25, 2021 9:41pm
Quoting RobinHood
Trading Made Simple(r) I have named this thread as such because I learned so much from "Big E's" thread "Trading Made Simple" and I incorporated in some of the ideas and indicators he used, and some of how he used them. Furthermore, I would like to dedicate this thread to him, and may he rest in peace. .
I came across this system and have been testing for the last month and I must say it has been very good winner. I would like to thank you for this and I wish I came across it much sooner.

Do you have version of the template? or indicators?
  • #6,755
  • Jul 26, 2021 2:48am Jul 26, 2021 2:48am
is there an ALERT ideas or indicator available in the MQL5 Market or on other places? trading this off the 4H but can't stare at the chart all day just to find one good setup. Appreciate any help fam!

Thank you.
  • #6,756
  • Jul 26, 2021 3:29pm Jul 26, 2021 3:29pm
Quoting ipowersxm
{quote} I came across this system and have been testing for the last month and I must say it has been very good winner. I would like to thank you for this and I wish I came across it much sooner. Do you have version of the template? or indicators?
I don't understand your question?
Always a Student, Never a Master - Emulate What Works
  • #6,757
  • Jul 27, 2021 3:13pm Jul 27, 2021 3:13pm
Quoting RobinHood
{quote} I don't understand your question?
I'm sorry. I was asking if there is a mobile version of the indicators?
  • #6,758
  • Jul 28, 2021 7:02am Jul 28, 2021 7:02am
Quoting ipowersxm
{quote} I'm sorry. I was asking if there is a mobile version of the indicators?
There may be, but I only trade on a desktop computer so I don't have a mobile version.
Always a Student, Never a Master - Emulate What Works
  • #6,759
  • Jul 28, 2021 8:12pm Jul 28, 2021 8:12pm
@ Robinhood....

1. Do you still check higher TF's for confirmation with this method?
Yes, I now always check the higher time frame, and I only trade in that direction.

Can you please show how you determine the trend direction using this method using charts......mtf analysis is a bit confusing at times,with different approaches.
  • #6,760
  • Edited 10:37am Jul 29, 2021 8:00am | Edited 10:37am
Quoting csethna
@ Robinhood.... 1. Do you still check higher TF's for confirmation with this method? Yes, I now always check the higher time frame, and I only trade in that direction. Can you please show how you determine the trend direction using this method using charts......mtf analysis is a bit confusing at times,with different approaches.
It's very simple.

1. You first determine what your lower time frame is.

2. Then, you go to the higher time frame of your choice and whatever direction the majority of "our" indicators are going in as a group, that becomes the only direction that you trade on the lower time frame.

There is no way to pick the one perfect higher time frame. You just have to look at the charts and determine for yourself what your chosen higher time frame will be, for example, you could use:

1 min. -> 5 min.

5 min. -> 15 min.

15 min -> 1 hr.

1 hr. -> 4 hr.

4 hr. -> 1 day

1 day -> 1 week

1 week -> 1 month

* I tend to like my higher time frame to be about 3 to 5 times longer than the time frame that I am trading.


I would like to also point out another VERY IMPORTANT issue.

Most Forex traders have many multiple different currency pairs on on their screen at the same time.

This is a HUGE MISTAKE for most traders!

Pick ONE PAIR to trade UNTIL you become consistently profitable trading only it. I would suggest the EURUSD.

You will find that by concentrating all your efforts into just one pair (in the beginning), you will trade much better than if you trade multiple pairs at the same time.

Now, many will argue that diversification has many advantages, and it does in certain instances, but there is a saying that applies well in this circumstance:

Bruce Lee said: “I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.”

It's a emphasizes the importance of focusing on just one thing, and then trying to achieve a very high level of proficiency at that one thing.
Always a Student, Never a Master - Emulate What Works
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