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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

  • #122,961
  • Jul 23, 2021 1:20pm Jul 23, 2021 1:20pm
Quoting LukebSkywalk
Hi TMS followers ... I'm a newbie trader and I have been using Emmanuel s teaching to trade for my friend and the winning trades have been absolutely amazing ... Thanks a lot Emmanuel and I have today joined FF to continue my forex education from you Emmanuel and God bless you

Hi LukebSkywalk

Good to hear that you are learning here and made some progress.
Remember, trading in live markets is very tough and most people lose money when they are not focus and do not maintain strict discipline when trading.
Once you have written your own system trading rules make sure you follow your own system rules with discipline. You will need to fine tuned your system and tweek tweek your strategy to stay up with changing market conditions. There's a lot more I can share but this thread is not ready to learn new things and people seems to want to remain where it was in 2011 and after Big E died in 2012.

Anyway, I am fine with the situation here and I will continue with my system developments , trade my own money and make whatever I can. Being retired and doing this is really fun.

Trade Well and Trade Safe.

Stay Safe
and take the booster
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,962
  • Jul 23, 2021 1:43pm Jul 23, 2021 1:43pm
Quoting tommydoginti
{quote} You are WRONG again. You are so ignorant that you don't know about Repaint, Recalculate, and the need to Refresh. {quote} Hi Romulorios, your smoothed version indicator is very likely to be Repainting indicator Repainting: When a new candle forms, the values of the previous candles are changed. The smoothed version indicator repaints every candle to generate a smooth curve. You don't need to refresh the chart to see repainting happens "The TDI indicator continually updates and that's why you see those changes when you switch timeframes......

LOL.

@tommydogie

You started trading in Oct last year.

You only started trading what you consider original Big E' TMS in Feb this year.

You are new to MT4 and mql4 programming. You are ignorant and naive, you still do not know what you are talking about here - repaint, recalculate, refresh, etc. etc.

I know these distinguished members like Xaphod, zznbrm, hanover , plamendp, ... in Forex Factory they know about MT4 custom indicators and they know what is repainting far better than you trying to teach people in this thread.

Go to their threads in Forex Factory and learn from them.

and for TMS indicators, there are lots of them in this thread:
Indicators for the 'Trading Made Simple' system
{ here }
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,963
  • Jul 23, 2021 1:57pm Jul 23, 2021 1:57pm
Quoting romulorios
{quote} My biggest doubt about these TDI image is if the smoothed version it repaints. {image}
Again, why do you bother with the smoothed version?
Stay and use what BigE used in this thread.
#6..... If you add other things it will influence your decisions... usually to your detriment.
  • #122,964
  • Jul 23, 2021 2:01pm Jul 23, 2021 2:01pm
Quoting baxter01
@DrDave Thank you for answering my question. I am a bit surprised that there are no valid statistics. This is one of the biggest threads in ff forum and no one is really interested in the performance ?? I didn`t expect this.. Is there any reason why there are no more "investigations" on success rate etc...?????
Quoting DrDave
{quote} Because either no one is confident enough to open a Trade Exploer to demonstrate it or no one is successful with it or if anyone is successful, he simply does not care about posting statistics.

LOL.

Davey-boy

You sure know many different excuses. ...

What about you and your TDA with IMT?
Do you have a live account Trade Explorer to show people that you are confident enough?
and to demonstrate TDA with IMT trades ,
and show how successful you as the OP really is and can trade.

I think Forex factory should have a rule requirement for OP of trading system thread to have a Trade Explorer to show.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,965
  • Jul 23, 2021 2:16pm Jul 23, 2021 2:16pm
Quoting emmanuel7788
{quote} "Are there any proven statistics on using this method?" YES! 4H Swing Trading using Big E' 5-Method is profitable provided the trader knows the Market Type conditions and plan his trades according to the Market Types. I did post trade results in 2018 when one member invited me to post in that thread. https://www.forexfactory.com/thread/...0#post11834080 That 'competition' was a one time only because that thread' OP only asked for one full year trading results and he did not continue in 2019 and 2020. I have my trading...
"Are there any proven statistics on using this method?"
The answer is still NO!

Don't be fooled by a mere screen capture: That is not validation of having traded by ANY method, let alone the 5-method. That is smoke and mirrors to try to trick the naďve.

At a minimum, the entire trade record is needed. After examining that, a decision can be made as to whether or not additional data are required (most likely, there will be more data required).
To free Gazans of Hamas, use whatever it takes.
  • #122,966
  • Jul 23, 2021 2:18pm Jul 23, 2021 2:18pm
Quoting emmanuel7788
{quote} {quote} LOL. Davey-boy You sure know many different excuses. ... What about you and your TDA with IMT? Do you have a live account Trade Explorer to show people that you are confident enough? and to demonstrate TDA with IMT trades , and show how successful you as the OP really is and can trade. I think Forex factory should have a rule requirement for OP of trading system thread to have a Trade Explorer to show.
LOL
To free Gazans of Hamas, use whatever it takes.
  • #122,967
  • Jul 23, 2021 3:43pm Jul 23, 2021 3:43pm
Are there any people in this thread still following Big E's method as he showed it, and if so, how is it going? And if you are, are you exiting on TDI change or do you use a fixed TP?
  • #122,968
  • Jul 23, 2021 3:52pm Jul 23, 2021 3:52pm
Quoting dzimidula
Are there any people in this thread still following Big E's method as he showed it, and if so, how is it going? And if you are, are you exiting on TDI change or do you use a fixed TP?
emmanuel7788 has occupied the thread and trying to impress newbies. All other people already tested that bullshit many times and understood that a) there is nothing to "learn" and b) there is no positive expectation

p.s.
TDI indicator is great.
Fixed TP is not working.
Observer effect
  • #122,969
  • Jul 23, 2021 3:58pm Jul 23, 2021 3:58pm
@Emmanuel7788

When you mention "Market Type" what do you mean ?

Do you think about different cyles which are so called "common sense" ??( Accumulation, Distribution and all the other bullshit??)

Forex Market is driven by the "BIG Banks" and they do whatever they like to make their profits.

The most interesting question is: Does this system help to follow the smart money?

The answer can only be given with statistics when using the same approach over time.

The trading rules have to be very clear.. when to enter, when to exit, when to trade(or when not) , where is stoploss -where is take profit.

I tried to read a lot about BigE system and everthing seems to be quite clear to me.

I understood: the H4 was his favorite timeframe, indicators and candles are discribed,

he said what you can expect trading his system ....have times changed so that a lot have no success with it???
  • #122,970
  • Jul 23, 2021 4:46pm Jul 23, 2021 4:46pm
Quoting baxter01
@Emmanuel7788 When you mention "Market Type" what do you mean ? Do you think about different cyles which are so called "common sense" ??( Accumulation, Distribution and all the other bullshit??) Forex Market is driven by the "BIG Banks" and they do whatever they like to make their profits. The most interesting question is: Does this system help to follow the smart money? The answer can only be given with statistics when using the same approach over time. The trading rules have to be very clear.. when to enter, when to exit, when to trade(or when...
have times changed so that a lot have no success with it??
I am sure that you have seen the broker disclaimers that say 70-85% of their clients lose money. This is nothing new. In general, new traders are losers. So no need to search for other reasons such as "have times changed."
To free Gazans of Hamas, use whatever it takes.
  • #122,971
  • Jul 23, 2021 5:18pm Jul 23, 2021 5:18pm
@DrDave

I didn`t expect that system to be the "Holy Grail" but thought over that

long period of existance there should be a hole bunch of feedback, imprrovements

and statistics .. for example: which pair performs best , best sl and tp and so on...

I think you know what I mean.

I know that a lot traders loose money and the important question is WHY??

I thought it is missing a great money(risk) management.

My simple idea was that the TMS would have a positive "edge" and comfortable win rate.

I´m learning every day.
Thank you.
  • #122,972
  • Jul 23, 2021 5:40pm Jul 23, 2021 5:40pm
Quoting baxter01
thought over that long period of existance there should be a hole bunch of feedback, imprrovements and statistics
Ha! The main problem here is that improvements are not allowed! They want to stuck with "good old TMS" only. But it is not working and never worked. There are no public TE, there are no traders who use that method. Only fake screenshots and endless links to 10 years old posts.
Observer effect
  • #122,973
  • Jul 23, 2021 6:36pm Jul 23, 2021 6:36pm
Quoting emmanuel7788
{quote} This pair went nowhere today. I see interesting TDI information on the H4 V19 chart Will follow up next week on Monday Jul 26. {image} {image}

Could you send me your TDI?
  • #122,974
  • Jul 23, 2021 6:38pm Jul 23, 2021 6:38pm
Quoting tommydoginti
{quote} Hi Solorik, I see. I worked on calculating the TDI crossing price, that one is more challenging. APB breakeven is easier The equation should be Close(current price) > or < (((Open[1]+Close[1])/2)-0.125*(Open+High+Low))/0.625 If you are writing a script, then prior to this a bool to distinguish previous candle color to use the appropriate equation. Trade well.
and what is 0.125 & 0.625 stands for
  • #122,975
  • Jul 23, 2021 7:34pm Jul 23, 2021 7:34pm
Quoting ryuryu
{quote} Ha! The main problem here is that improvements are not allowed! /


What is not allowed is forbidden.
What is not forbidden can be allowed.
I keep on working on improvements that are not forbidden.

Quoting ryuryu
{quote} /They want to stuck with "good old TMS" only. But it is not working and never worked. /

You nailed it!


Quoting ryuryu
{quote}/ There are no public TE, there are no traders who use that method. Only fake screenshots and endless links to 10 years old posts.


True. .

During Big E time when he was posting lots of training charts and a few live trades charts.

When he was asked, his best reply post was this:

https://www.forexfactory.com/thread/...82#post4764482

Quoting eelfranz
Proof, proof, proof..... come on gang. We got members here making money hand over fist... filling their gold wheelbarrows....

Suck it up, follow the simple rules and trade Demo until you build your confidence.

Snarlyjack kicks bootie all the time. Once in a while we get kicked in the tail end.... so what... that's the forex. If you can't handle the heat stay out of the kitchen.....

The...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,976
  • Jul 23, 2021 8:00pm Jul 23, 2021 8:00pm
Quoting tommydoginti
{quote} I think those who claim their success but unable to show current statistics are just liars. They don't trade TMS anyway, just using gambling EAs. I only use BigE's TMS method to trade live account ($4k then scaled up to $20k from May). Below is my performance shared with Ryu 2 weeks ago. {image} I follow BigE's TMS rules as below The way I practice TMS can be found in the following posts by BigE 1. TDI is heart of the TMS 5-method --- #261,...
@tommydogie got it wrong!

people are not interested in how you trade TMS and your two weeks old results.
people are interested in Big E' Trading Made Simple and how he trade his 5-Method and following trading journey here in Forex factory.


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
  • #122,977
  • Jul 23, 2021 8:08pm Jul 23, 2021 8:08pm
Quoting dzimidula
Are there any people in this thread still following Big E's method as he showed it, and if so, how is it going? And if you are, are you exiting on TDI change or do you use a fixed TP?

do you mean to trade the 4hr at his local time 10PM and 2AM Pacific Time and close all trades at 6AM?

I only know two traders back in 2012 did that for quite a while but they no longer trade like in Big E' Post#1.

They have both moved on to trade the Daily / Weekly swings with their own Money Management strategy. And during the US session, they trade the E-Mini Futures market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,978
  • Jul 23, 2021 8:10pm Jul 23, 2021 8:10pm
Quoting emmanuel7788
{quote} There are so many different versions of Dean Malone' Traders_Dynamic_Index. I got that first version which I got in 2006/2007 and it is that same version which Big E used. That's the one in Post#25. My favourite version is the @TMSTDI_WatchDog by plamendp. Several members have uploaded that in this thread. But I did my study of plamendp posts and followed his development and learn a lot from his posts. I recommend that you read and study plamendp' post too and you will better understand this @TMSTDI_WatchDog and use the same to pick the...

I admit, I'm not interested in reading this topic. How difficult is it to submit your indicator?

I will never understand this romanticism of putting a figurative sense in everything.
Examples:

Does this indicator repaint? "The cow walks through the pasture, but only eats feed. Page 25 kkkkk"

Can you send me this indicator? "The white plane needs a clear sky to fly"

What indicator can I use to increase the assertiveness of method 5?
"I can bring you water, but I can't make you drink." Using this type of language now and then is not a bad thing. But it's turning crazy. A big hug to everyone.
  • #122,979
  • Jul 23, 2021 8:19pm Jul 23, 2021 8:19pm
Quoting baxter01
@Emmanuel7788 When you mention "Market Type" what do you mean ? Do you think about different cyles which are so called "common sense" ??( Accumulation, Distribution and all the other bullshit??) Forex Market is driven by the "BIG Banks" and they do whatever they like to make their profits. The most interesting question is: Does this system help to follow the smart money? The answer can only be given with statistics when using the same approach over time. The trading rules have to be very clear.. when to enter, when to exit, when to trade(or when...
"When you mention "Market Type" what do you mean ? "

@baxter01

Market Types: The First Key to Forex System Development

{ here }

<quote>

“Expecting the same system to work in all market types is the definition of insanity”

Big E' trading his 4hr as in his Post#1 will not work in one particular market type.
It will work well in two Market Types and you will see them in his training charts.
In one particular Market Type, it work very well and you can make multiple R profits for small risk R trade setup what is known as low risk trading ideas.
What traders need to work at is to identify the Market Type in which they want to trade in. And when the market presents itself, the trader must take full advantage of and use his money management strategy to make more money. When you can find a trade with 9R to 15R , you will grow an account quite easily.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #122,980
  • Jul 23, 2021 8:24pm Jul 23, 2021 8:24pm
Quoting solorik
{quote} and what is 0.125 & 0.625 stands for

I learn from Dean Malone and in his trading room , when he released newer version of his Synergy 'system', he would do some sort of curve fitting to his older versions.

One example is his Price Action Channel. Trader 'complained' they missed too many trade opportunities because of the old PAC, so he took some steps to find improvements.

Curve fitting is nothing new nor original.

He also improve his APB to become Pro_APB which is nicer to help new traders.

Attached Image (click to enlarge)
Click to Enlarge Name: Synergy curve fitting the PAC.png Size: 64 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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