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

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Trading Made Simple(r)

  • #6,961
  • Sep 22, 2021 6:02am Sep 22, 2021 6:02am
Quoting RobinHood
{quote} Based on my experience, the London open until the U.S. close are the best times to trade intraday.
Thanks R
  • #6,962
  • Sep 23, 2021 7:27am Sep 23, 2021 7:27am
Hello everybody Thank you for your contribution Would it be possible to have a dashboard like tms dashboard (tdi) with alerts during the Yellow Line / EMA crossover with all the devies
  • #6,963
  • Sep 26, 2021 8:57am Sep 26, 2021 8:57am
Quoting trade1969
{quote} {image}{image}Sorry , I'm not a computer geek
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 profit from this then you shouldn't be trading (or words to that effect) are probably right but at the time it just didn't suit me. For some reason I went onto Trading Made Simple and the arguing and ego trips on there is horrendous!! Popped back into this and the content and people are great and so I am trying to play catch up and I don't know if it's a different mind set or as a result of me building more strategies but I really like this now. I have similar entries although often later but I would be interested to compare with back tests although I have only been trading H4 with the odd M15.

One thing I did do differently was add RSI's 21 & 63 to the sub window. I'm not saying it's better of course, but it suits me for trend direction. Just a thought.
  • #6,964
  • Sep 27, 2021 4:52am Sep 27, 2021 4:52am
Quoting nmuscles
{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...
Were these both crossover and continuation trades as per trade rules in post 1? YES
do you check higher TF for entry being aligned YES
what TF and did you confirm the trend 15 MIN-1H,1D-1W
Is your stop loss... S/L 2X 1.5 ATR 1ST TP 1 ATR,THEN TRAILING STOP
Finally, have either of you done any wider tests on other pairs and other timescales other than what has been posted? DAILY CHARTS AND 15 M CHARTS
on other pairs SIMILAR RESULTS
  • #6,965
  • Sep 27, 2021 5:09am Sep 27, 2021 5:09am
Quoting xiqat
{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.
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 EXACTLY!!!!!
ATR...
  • #6,966
  • Sep 27, 2021 5:12am Sep 27, 2021 5:12am
Quoting Jay3ast
{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 again
I guess I will spend more time learning & practicing PA again. BACKTESTS HELPED ME A LOT
  • #6,967
  • Sep 27, 2021 6:05am Sep 27, 2021 6:05am
Quoting abarrett
{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...
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. DON'T SPEND YOUR TIME TRYING TO FIND THE PERFECT METHOD. THE METHOD HERE, IS VERY GOOD, SIMPLE, BUT NOT SIMPLISTIC.
  • #6,968
  • Sep 27, 2021 9:16am Sep 27, 2021 9:16am
Quoting trade1969
{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....
Very true. I take profit too early which Isn't in the plan but I finally think I am happy with my exit so going forward it is easier to stick to. I am always tweaking things but the basics remain the same but I do need to leave it and just trade it. Money Management I am happy with, I am too cautious in fact. I have been profitable for a couple of Years now but I need to increase my risk but remain under 2%.

As mentioned, I have only just come back to look at this method and I really like it now. I will back test M15 and compare methods before deciding on one only.

I did add the 50HMA. Visually I like for trend but need to test it.
  • #6,969
  • Oct 1, 2021 10:36am Oct 1, 2021 10:36am
Please 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.
  • #6,970
  • Oct 1, 2021 2:29pm Oct 1, 2021 2:29pm
Quoting trade1969
{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....
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 all parameters are there (HA and Synergy blue, both Stochastics and RSI over 50)?

Thanks in advance for your reply.
  • #6,971
  • Oct 2, 2021 7:42am Oct 2, 2021 7:42am
Quoting soladnet
Please 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.
Nothing has changed that I know. Everything still works the same way as it always has.

To install an indicator...

Go to: File > Open Data Folder > MQL4 > Indicators (you drag or drop the indicator into the indicator folder).

Afterwards, close the MT4 program, and then restart it.

Your indicators should now appear in your Navigator folder (Ctrl + N).
Always a Student, Never a Master - Emulate What Works
  • #6,972
  • Oct 4, 2021 2:28am Oct 4, 2021 2:28am
Quoting AKozlowski
{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...
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.
  • #6,973
  • Oct 4, 2021 8:39am Oct 4, 2021 8:39am
Thank you RH for sharing the trading methods you have explained. It is so easy to over complicate Trading which is what I tend to do, so a simple, very clear direction was what I have been looking for to get my trading back on track. I will be trying your methods out this week to see if I can trade successfully using what you have taught. Thanks again
  • #6,974
  • Oct 4, 2021 4:02pm Oct 4, 2021 4:02pm
Quoting trade1969
{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.
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.
  • #6,975
  • Oct 5, 2021 2:02am Oct 5, 2021 2:02am
Quoting AKozlowski
{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.
You would trade into rates, CPIs etc. DAILY:According to my backtest results yes.Maybe the loosing trades i have is because of this...but there are not many.
In 15 M timeframe i avoid all red news and i dont trade.
one candle as per just Heiken Ashi indicator or one candle and the rest of indicators.....BACKTEST AND OBSERVE YOUR INDICATORS
  • #6,976
  • Oct 5, 2021 4:05am Oct 5, 2021 4:05am
Hey 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. My bad. I don't know why I did that (probably because I took this trade BEFORE my first cup of coffee in the morning), but it happened and it's fixable so I am not worried. See example :

Attached Image

I trade this system on the 1H which leads to more screentime then I ideally like to. But overall I am extremely satisfied with the way the strategy is performing. Stick to the rules and you;ll be fine.

Attached Image

Cheers,
  • #6,977
  • Oct 5, 2021 12:45pm Oct 5, 2021 12:45pm
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  • #6,978
  • Oct 5, 2021 1:00pm Oct 5, 2021 1:00pm
Quoting Hactic
Hey 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....
Well Done!
Always a Student, Never a Master - Emulate What Works
  • #6,979
  • Oct 6, 2021 1:02am Oct 6, 2021 1:02am
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  • #6,980
  • Oct 13, 2021 6:22am Oct 13, 2021 6:22am
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