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Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

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Trading Made Simple(r)

  • #6,841
  • Aug 31, 2021 3:43am Aug 31, 2021 3:43am
Quoting kasrafx
{quote} Hello Trade1969 , can you share your "ssl fast sbar" indicator and setting please?
Attached File(s)
File Type: mq4 SSL_fast_sBar_alert_mtf.mq4   6 KB | 417 downloads
SSL is just an indicator.You can use any similar indicator.His job is only to confirm the trend in the higher time frame.I m sure you can find better.
  • #6,842
  • Aug 31, 2021 9:29am Aug 31, 2021 9:29am
Quoting trade1969
{quote} {file} SSL is just an indicator.You can use any similar indicator.His job is only to confirm the trend in the higher time frame.I m sure you can find better.

Thanks and green pips to you
  • #6,843
  • Aug 31, 2021 10:21am Aug 31, 2021 10:21am
Quoting trade1969
{quote} STOP LOSS 1.5 ATR, 1 TAKE PROFIT 1 ATR 2 TAKE PROFIT 2 ATR 3 TAKE PROFIT 3 ATR Brake your position to three thirds {file} OR ROBINHOOD POST 1382
THANX trade 1969

but - No Nonsense ATR - does not run on my MT4 build 1340 -would you maybe know why ?

T
  • #6,844
  • Sep 1, 2021 4:25am Sep 1, 2021 4:25am
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  • #6,845
  • Sep 1, 2021 4:33am Sep 1, 2021 4:33am
Quoting Tjp
{quote} THANX trade 1969 but - No Nonsense ATR - does not run on my MT4 build 1340 -would you maybe know why ? T
Really I dont.Try to download it from somewere else. Working just fine for me.Sorry.
  • #6,846
  • Sep 1, 2021 4:58am Sep 1, 2021 4:58am
Accurancy is very important,especially in short timeframes.MY ENTRY POINT IS NOT GOOD.My S/L is 1.5 Atr.Attachment ggone!!!!!
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  • #6,847
  • Sep 1, 2021 5:18am Sep 1, 2021 5:18am
Good morning from the UK. I've just started demo'ing this system, could i get feedback on this entry please? I hope you can decipher my TV charts. I have recreated this template as best i can!

My 4H candle closes at 1000 my time - i entered shortly after a retracement on 5 minute chart.
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  • #6,848
  • Sep 1, 2021 9:41am Sep 1, 2021 9:41am
Quoting UkSmurfy
Good morning from the UK. I've just started demo'ing this system, could i get feedback on this entry please? I hope you can decipher my TV charts. I have recreated this template as best i can! My 4H candle closes at 1000 my time - i entered shortly after a retracement on 5 minute chart. {image}
I would have waited to enter on the 5 min. chart when all 3 indicators in the lower window crossed above 50 Purple line, which they had not done at the point that you entered. I have found that when you break a trading system's/method's rules, the trading gods will punish you almost every time. At least, they do me.
Always a Student, Never a Master - Emulate What Works
  • #6,849
  • Sep 1, 2021 10:01am Sep 1, 2021 10:01am
Quoting RobinHood
{quote} I would have waited to enter on the 5 min. chart when all 3 indicators in the lower window crossed above 50 Purple line, which they had not done at the point that you entered. I have found that when you break a trading system's/method's rules, the trading gods will punish you almost every time. At least, they do me.
Thanks for the tip Robinhood, I didnt actually consider the lower window when timing that entry. I'm very excited about your method, i've been following the BigE taught method for quite some time but struggled with having enough confirmations of when to enter and exit, im very new to trading. This system provides more direction when to pull the trigger which i feel will help me.

Thanks for sharing this system.
  • #6,850
  • Sep 1, 2021 10:39am Sep 1, 2021 10:39am
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  • #6,851
  • Sep 1, 2021 3:32pm Sep 1, 2021 3:32pm
Quoting trade1969
{image}
Good Trading!
Always a Student, Never a Master - Emulate What Works
  • #6,852
  • Sep 1, 2021 4:30pm Sep 1, 2021 4:30pm
Quoting RobinHood
{quote} Good Trading!
Thanks Robinhood.If you allow me I will keep posting good and bad trades as well backtestings,not for showing off but for motivational reasons.The method is working without to add anything to it.It will be very nice if someone could codes a scanner,so we can easier find potential trades.
  • #6,853
  • Sep 1, 2021 10:15pm Sep 1, 2021 10:15pm
Quoting RobinHood
{quote} I would have waited to enter on the 5 min. chart when all 3 indicators in the lower window crossed above 50 Purple line, which they had not done at the point that you entered. I have found that when you break a trading system's/method's rules, the trading gods will punish you almost every time. At least, they do me.
I thought trading gods a lot worse, they often punish me even if all three indicators have been agreed because I forgot to check the PA
  • #6,854
  • Sep 1, 2021 10:36pm Sep 1, 2021 10:36pm
Quoting trade1969
{quote}.It will be very nice if someone could codes a scanner,so we can easier find potential trades.
Check the paperclip top right, there is a very good one there by swingman
From tiny pips mighty oaks grow
  • #6,855
  • Sep 2, 2021 12:10am Sep 2, 2021 12:10am
Trying to catch the US30 movement on M5 chart
Entered long when all three lines are above purple line, but it reverse direction after trade executed
End up trapped in a choppy market and decided to get out from the market with loss.
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  • #6,856
  • Sep 2, 2021 2:06am Sep 2, 2021 2:06am
Quoting Jay3ast
Trying to catch the US30 movement on M5 chart Entered long when all three lines are above purple line, but it reverse direction after trade executed End up trapped in a choppy market and decided to get out from the market with loss. {image}
1.I would have chosen to enter at the close of the first blue candel,or at the open of the second blue candel,IF the rest indicators were aligned.
2. Then i would have checked the higher timeframe to confirm that the trend is in the same direction.
3.1M aligned also.
4.I would have checked also the calendar or the news.If news comes out related to my trade i will stepout no matter what my indicators indicate.
5.My opinion also is that the best time frame to trade are 1D,1W,1M.As we ALL see the same candels on those timeframes.This is our first edge as retail traders.
  • #6,857
  • Sep 2, 2021 2:15am Sep 2, 2021 2:15am
Just stumbled across this thread looks very interesting. Ill give it a good read thanks for sharing
  • #6,858
  • Sep 2, 2021 3:59am Sep 2, 2021 3:59am
Quoting trade1969
{quote} 1.I would have chosen to enter at the close of the first blue candel,or at the open of the second blue candel,IF the rest indicators were aligned. 2. Then i would have checked the higher timeframe to confirm that the trend is in the same direction. 3.1M aligned also. 4.I would have checked also the calendar or the news.If news comes out related to my trade i will stepout no matter what my indicators indicate. 5.My opinion also is that the best time frame to trade are 1D,1W,1M.As we ALL see the same candels on those timeframes.This is our...
1. Partly agree, because the candle where the trade executed is actually the first candle AFTER the 50line crossing.
2&3. 100% agree, I failed to do this.
4. Agree, trade the lower TF uses razor thin SL. Its mandatory to check the news.
5. On higher TF (H4, D1) us30 looks choppy, but if we zoomed in to lower TF there are a lot of setup potentials.

Thanks for the feedback, really appreciate
  • #6,859
  • Sep 2, 2021 4:57am Sep 2, 2021 4:57am
Quoting Forextobe
Just stumbled across this thread looks very interesting. Ill give it a good read thanks for sharing
You are in the right path...
  • #6,860
  • Sep 2, 2021 5:28am Sep 2, 2021 5:28am
@RobinHood

Thank you very much for all the information you've been putting on this thread (that I've read 2 times already).
It really made me a better trader.

For the last year I've been following silently and experimenting this method and now I feel like it would be good if I share my trades.

By the way RH still can't figure this out - would you use the cross of the SMI with the new oscillator to determine the direction on the higher time frame or do you still use the RSI & Stochastics above and below 50 to determine that?


Thanks once again!

_________________________

Here are my current trades
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