Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #122,582
- Jul 18, 2021 8:28am Jul 18, 2021 8:28am
- | Membership Revoked | Joined Jun 2011 | 9,885 Posts
To free Gazans of Hamas, use whatever it takes.
- #122,583
- Jul 18, 2021 8:47am Jul 18, 2021 8:47am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} You are all the time coming back to the beginner win-rate of 65%. I have seen one member with over 80% win-rate in this thread and he still losing money because he can not cut the losers. In the last couple of months I have back-tested the TMS strategy a lot. In one test with EJ I tried to cut the loser early when the price was going against me with 10-15pips, like BigE, and re-enter when the price coming back to my original entry. From BigE post #Post 495 (https://www.forexfactory.com/thread/...74#post4579774) Starting...
First of all, Good work on achieving a good start in your journey in practicing Trading Made Simple strategy!
Your screenshot showed “ticks in simulation” as a backtest result. With a total of <100 trades in a backtest, I would not make any conclusion on the significance of win rate in the actual performance at this moment.
The next step would be doing real trading with Demo or small live account. If your strategy is a solid one the performance should be similar, though I would be cautious with the 9.8 profit factor
Trading Made Simple is a system that focus on entry accuracy. Yes I agree with you that low win rate can still be profitable, just if you can improve your skills in the TMS 5-method and improve your entry accuracy, say for 5%. While you keep everything else consistent, your profitability will be significantly increased.
trade well
- #122,586
- Jul 18, 2021 9:20am Jul 18, 2021 9:20am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #122,588
- Jul 18, 2021 10:03am Jul 18, 2021 10:03am
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #122,589
- Jul 18, 2021 11:01am Jul 18, 2021 11:01am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Good to see that your search skills are still in tact. But you have plenty of material about BigE's 5-method to learn without worrying about Deep Practice. Your time would be better spent trying to learn what BigE presented about his 5-method and then applying that in a demo account until you can achieve that 65% beginner's success rate. Only then should you attempt to do live trading.
They fail to understand BigE’s posts. Instead of focusing on the TMS 5-method, they turn their attention to other indicators, relying on EAs, and meaninglessly naysaying BigE’s TMS method, in this TMS thread
They indeed need to deep practice like the examples in the video - practice one and only one method, which is BigE’s TMS 5-method.
- #122,591
- Jul 18, 2021 12:12pm Jul 18, 2021 12:12pm
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #122,592
- Jul 18, 2021 12:26pm Jul 18, 2021 12:26pm
- Joined Jan 2013 | Status: Trader | 4,386 Posts
MA provides the market's current direction and strength.
- #122,593
- Jul 18, 2021 3:54pm Jul 18, 2021 3:54pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Market open in few hours folks.. Are we ready to milk the market or is everythign a long thing? Am eyeing usdcad and audusd, both in my zone... Let see {image} {image}
TMS_V19 Information EA:
TMS 5-Method chart template
NY Open price gap down from Friday Close... dumb indicators that uses Close price including the TDI follow the price gap down.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #122,594
- Jul 18, 2021 4:14pm Jul 18, 2021 4:14pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Hi experts, I noticed many developments done on this simple strategy so that becomes a complicated, which make me confused. I hope to put separate thread include the latest indicators and template (Final) with most thankful for your efforts in this useful strategy
I am not an expert in this Big E' thread.
Big E' 5-Method has not changed. It can be summarized in just three posts ... One, Two and Three
I followed the trading journey of Big E here in Forex Factory and I read, studied and learned from all his posts in FF. I was a COWABUNGA system trader for many years and in 2011 I decided to take one big leap forward by removing one indicator at a time following Big E' system development approach.
If you want to know what the COWABUNGA system is, here is the previous post I made in this thread.
#COWABUNGA Post#60,313
this thread's self-proclaimed 'expert' has replied your post twice in a short one hour.
#1 reply:
{quote} You are not the first and only one making this valid and constructive suggestion over the last 6 years and more. There are multiple threads each about a strategy stemmed from the original Trading Made Simple method in this thread. having a thread for each variation (or a better method) not only keep the information concise, but also beneficial to traders to learn. The latest one, {quote}
{quote} Yes. The Trading Made Simple method by BigE was kept at its original form until BigE’s departure... Since then, unskillful traders occupied this thread. They have failed in understanding the TMS 5-method, so they started to introduce more indicators, gambling EAs for management, complicating the simple TMS 5-method. I see those traders consistently naysaying about “TDI does’t work” blah blah, or showing their own strategies like averaging down grid trading, trying to show off their own strategies to compete with the TMS 5-method, in this...
Stay Safe
and
take the third ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #122,595
- Jul 18, 2021 4:31pm Jul 18, 2021 4:31pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} We have seen the traders spending years but unable to stick to BigE’s Trading Made Simple method. They fail to understand BigE’s posts. Instead of focusing on the TMS 5-method, they turn their attention to other indicators, relying on EAs, and meaninglessly naysaying BigE’s TMS method, in this TMS thread They indeed need to deep practice like the examples in the video - practice one and only one method, which is BigE’s TMS 5-method. {image}
the newbie fail to understand BigE’s posts. Instead of focusing on the TMS 5-method, the newbiw turn his attention to use RSI(13) with MA(2) and MA(7), spending time in his own EAs development, back-testing with EAs,... and meaninglessly claims with demo trading Big E original TMS, etc. in this TMS thread
The
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #122,596
- Jul 18, 2021 4:57pm Jul 18, 2021 4:57pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Hi Ryu, I have another account running EA auto trades. ....
hey Folks,
so we now know that this newbie is running an EA and he posts only winning trades in this thread to mislead people that he is trading Big E 5-Method.
his posts in other threads also evident that he trade with EAs.
"Hi Guys. I am new to the forum and also Forex (~4 month in). My goal is to write EAs for auto trading (Also new to MQL4 and PineScript too!)..."
Hi Guys. I am new to the forum and also Forex (~4 month in). My goal is to write EAs for auto trading (Also new to MQL4 and PineScript too!) Anyway I came across this thread and found that my current strategy is pretty similar to the Magic 100 (mine is more picky, only on EURUSD m15, ~53% win rate but less trades). So I just think might as well backtest the Magic 100 on EURUSD H1 as the most original form. I did add one more confirmation for trending market, which is a 20EMA and to enter a trade the 20EMA must be also trending down or up (20EMA[1]...
Big E post#8703 :
I'm going to do a test on the Daily charts. When green crosses red I'll stay in until green crosses red again. I'll report the results in a week or so...I'll only enter if the candles are medium length or larger... wish me luck ...
Entry > Same entry APB/HA #1 as the setup candle, TP 5ADR, SL 1ADR, No TDI, No Stoch. 1 standard lot.
Exit > TP hit, or SL hit, or trade-invalidation i.e. APB/HA candle closed with colour changed. No TDI, No Stoch.
2009
2019
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #122,597
- Jul 18, 2021 5:17pm Jul 18, 2021 5:17pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} ".... I have another account running EA auto trades." hey Folks, so we now know that this newbie is running an EA and he posts only winning trades in this thread to mislead people that he is trading Big E 5-Method. his posts in other threads also evident that he trade with EAs. "Hi Guys. I am new to the forum and also Forex (~4 month in). My goal is to write EAs for auto trading (Also new to MQL4 and PineScript too!)..." {quote} But what he has not done in his backtesting is this: Big E...
same back-test, H4 - same entry, same exits.
compare Big E' time 2011 Jan to Jun
and this year 2021 Jan to Jun ,
you can see the difference.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #122,598
- Jul 18, 2021 5:52pm Jul 18, 2021 5:52pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} You are not the first and only one making this valid and constructive suggestion over the last 6 years and more. There are multiple threads each about a strategy stemmed from the original Trading Made Simple method in this thread. having a thread for each variation (or a better method) not only keep the information concise, but also beneficial to traders to learn. The latest one, {quote}
{quote} Hi emmanuel, Opening a new thread maybe a solution for many things like you being the boss and getting rid of members that you dont like for reasons we all know. Also you will be more free, like bigE said once with time you will make your own system, it's true that you are trading tms 5 method but i'm sure that you are limiting yourself to tms 5 by respect to bigE as it is his thread and his method. What do we expect ? The simplier with the maximum results, just like TMS. Maybe a step by step routine to follow starting with weekend, how...
and my reply to that "latest one" is still the same:
https://www.forexfactory.com/thread/...9#post13580929
====================================
hi ladharimohan
but I am here to fill the void left behind by the OP Big.
who said that? read Tekkies' post below and that was Feb 2017
10 years on, I am still filling the void Big E left behind.... its a big sink hole and growing larger every day.
Quoting Tekkies
{quote} Hi marionetka BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. ...
BigE have left a void behind that members need to full on their own. Emmanuel filled that void and did it very good. Somewhere along the way he lost track that he is dealing here mostly with members that do not know how to trade at all. Members that have learned from BigE and emmanuel have moved on and left this forum. Most probable successful traders in own right. Those old members are replace by new members that do not know how to trade. Every couple of days / weeks the cycle repeat it self. So after many years the level of traders in this thread is still at the level of a new member. The subject / topic's that emmanuel is posting now is advance forex trading.
Stay Safe
and one more
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #122,599
- Jul 18, 2021 5:55pm Jul 18, 2021 5:55pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} To learn Trading Made Simple method, follow the rules laid out by BigE The way I practice TMS can be found in the following posts by BigE, not made up by me 1. TDI is heart of the TMS 5-method --- #261, #2617 All trades I share here are signaled by TDI green cross /bounce red 2. I work with time frames and time of day that suits me --- #644,...
@tommydogie got it wrong!
we are not interested in how he learn TMS.
we are interested in Big E' TMS and his trading journey.
Introduction to Trading Made Simple aka TMS
To learn what Trading Made Simple is, you have to follow the trading journey of the OP eelfranz aka Big E. He started in FF as a newbie in 2008.
Know the TMS history and you will learn a lot from the OP and when you have mastered his 5-Method, you can then move on and develop your own trading system following how he did his. Many traders have moved on to trade their own systems.
Trading Made Simple for beginners : Post#52,707
A short history by pioneer member snarlyjack Post#110
Our late OP eelfranz aka Big E spent 6,000 hours: Post#6 and he evolved as a trader and went on and developed two trading methods.
5-Method and 21/233 Method Post#3018, Post#4104,
After months of postings and answering many frequently asked questions FAQs,
eelfranz made the jump to this new Trading Made Simple thread on 26 April 2011... Post#4432
In Post#1, he explained how he traded the H4 chart timeframe and he also traded the H1 chart during the NY session. This suited his lifestyle being retired and the time zone he lived. Sadly he passed away in Oct 2012.
Two very important posts: Post#261 and Post#647, give a simple summary of what this 5-Method is and the basic forex stuff we check before we look for the TDI setups to trade.
TMS 5-Method Basic Rules: Post#53,841
Always check the #1- Price Action first, then #2- TDI Post#3142
Big E wanted us to build this TMS thread together... Post#4,432
The original indicators and template Post#25
When you are overwhelmed (information overload) by the number of posts and the loads of information and variations shared by other traders here, the best thing to do is to stop reading and go back to the basics what Big E mentioned in his 463 posts in this thread and 861 posts in the CHS thread. First you learn and master the 5-Method first before you start add your own tweaks and make a new system.
Recommendations:
Read all of Big E posts... 861posts in the Craig Harris Stochastics thread and 463 posts in this TMS thread....and make notes on those training charts he posted. Pay attention whenever he mentioned PA and what you see on his training charts.
Learn the basic stuff about forex trading first. A good place to start is www.babypips.com/school
If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.
Important to Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.
Big E was a rule-based discretionary trader. According to studies by Dr Van K Tharp this rule-based discretionary are the best traders,
Enjoy and Have fun during your learning journey...
Stay Safe
you need a booster too
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #122,600
- Jul 18, 2021 6:04pm Jul 18, 2021 6:04pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
*** LIVE Trading *** Jul 19 Tokyo 10AM
- this is my first 4hr of the day
- 4H swing trading for this week 29 July 19 to 23
TMS Monitor Jul 19 H4
- nothing to pick now
- I'll wait for the 10PM PDT in another 4 hours,
- this is my first 4hr of the day
- 4H swing trading for this week 29 July 19 to 23
TMS Monitor Jul 19 H4
- nothing to pick now
- I'll wait for the 10PM PDT in another 4 hours,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett