Disliked{quote} Based on my experience, the London open until the U.S. close are the best times to trade intraday.Ignored
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Trading Made Simple 146,167 replies
Trading Made Simple the right way, and other trading lessons 333 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
Disliked{quote} Based on my experience, the London open until the U.S. close are the best times to trade intraday.Ignored
Disliked{quote} Hi RobinHood, thanks for the thread - I can see lots of potential with this method and slight variations to suit a traders personal style etc. Thanks for sharing it. Trade1969 - your results are impressive. I have read a lot of the thread (I can't say I've read 300 pages, but I believe I 'get it') however just some questions on your entry/exit methods for your test results if I may: Were these both crossover and continuation trades as per trade rules in post 1? Or did you decide just to focus on continuation? Is your entry 1 bar or 2 bars...Ignored
Disliked{quote} 1. Are these tests purely mechanical? You're only taking entries based on the indicators, and not taking into account time/sessions, spread, news, or PA? 2. Is TP based on indicators or ATR? Because I see a lot of TP below 5pips.Ignored
Disliked{quote} Yeah, I've learned my lesson. TMSr method is pretty clear, however the success rate of my judgement based on price action analysis is poor. I guess I will spend more time learning & practicing PA againIgnored
Disliked{quote} Trade1969 you have some great contributions, thank you! Have you tried 1:1 SL TP or higher? Just wondering what difference it would make to your back testing? 1:1.5 and going to BE is very NNFX. Helps with win rate I think but some systems are improved with higher TP but get more losses but that is offset overall with the high win rate.......if good on this system of course. I love the RSI and Stochastics, I use it in all my templates! I went away from this system because I really didn't get it. I know Robin Hoods comment of if you can't...Ignored
Disliked{quote} Have you tried 1:1 SL TP or higher? Just wondering what difference it would make to your backtesting NO. PERHAPS LATER. OK...THEY ARE MANY METHODS WITH A WIN RATE OF AROUND 65%. THE FIRST PROBLEM IS THAT MOST OF US DON'T FOLLOW THE RULES OF THE METHOD, THE SECOND PROBLEM IS THAT WE DON'T FOLLOW THE MONEY MANAGEMENT RULES THAT'S WHY WE ARE OUT OF THE BUSINESS VERY EARLY THE THIRD IS THAT WE ARE MIXING MANY METHODS-SYSTEMS, AND THE FOURTH PROBLEM IS THAT WE DON'T TAKE THE RESPONSIBILITY FOR OUR SITUATION. ANY METHOD IS ONLY 33% OF THE PLAN....Ignored
Disliked{quote} Have you tried 1:1 SL TP or higher? Just wondering what difference it would make to your backtesting NO. PERHAPS LATER. OK...THEY ARE MANY METHODS WITH A WIN RATE OF AROUND 65%. THE FIRST PROBLEM IS THAT MOST OF US DON'T FOLLOW THE RULES OF THE METHOD, THE SECOND PROBLEM IS THAT WE DON'T FOLLOW THE MONEY MANAGEMENT RULES THAT'S WHY WE ARE OUT OF THE BUSINESS VERY EARLY THE THIRD IS THAT WE ARE MIXING MANY METHODS-SYSTEMS, AND THE FOURTH PROBLEM IS THAT WE DON'T TAKE THE RESPONSIBILITY FOR OUR SITUATION. ANY METHOD IS ONLY 33% OF THE PLAN....Ignored
DislikedPlease is this template still working for the new mt4 platform because is not showing on my system, moreso nowhere to paste the indicators. Kindly enlighten me on this. Thanks.Ignored
Disliked{quote} First I would like to thank RH for starting a great thread about a method/system that can generate positive (and sometimes massive) ROI. Secondly, I have few follow-up questions about Your particular way of trading Trade1969 Are You observing the "no news trading" rule of the NNFX system? I think I must be doing something wrong because I am not even close to Your results with regards to the Daily time frame. With regards to checking the higher timeframe - are You looking at a perfect setup - by that I mean are You entering trade ONLY when...Ignored
Disliked{quote} Are You observing the "no news trading" rule ......NO I must be doing something wrong.....BACKTEST AND OBSERVE YOUR INDICATORS You entering trade ONLY when all parameters are there .....I CHECK IF AT LEAST ONE CANDLE ON THE HIGHER TIME FRAME HAVE CLOSE TO MY SIDE.Ignored
Disliked{quote} Thanks a lot for the answers. So - given we're talking about a daily time frame - You would trade into rates, CPIs etc.? Also with a higher time frame - one candle as per just Heiken Ashi indicator or one candle and the rest of indicators? Thanks in advance for Your anserws.Ignored
DislikedHey RobinHood, Thank you for sharing this strategy with us and for putting in the effort to help all of us become better traders. I highly appreciate it. I have been using this strategy for some time now and I make a consist profit. The key here is to stick to the rules as described in the first post. I had a few losing trades but that is because I screwed up and not because the system is flawed. For example, I'm in a silver trade at the moment and I did not wait for the bar to close above the HMA lines and the green line crossed the yellow line....Ignored