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Trading Made Simple the right way, and other trading lessons 331 replies

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Trading Made Simple

Quoting emmanuel7788
{quote} AJ Apr19 SYD_2H - today's potential trade {image}

AJ Apr19 SYD_2H M15 trades closed

- 5-Method simple and basic price action continuation setup

- I don't need to sit in front of my PC to manage my trades, just use MPTM EA to manage multiple entries trades.

- I just need to focus on picking the best PA setups.


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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting lynnc
{quote}Am I going daft or isn't that what he said. The actual settings I mean? I don't usually come into arguments but this is now getting silly. This is just arguing for the sake of it...how does it help anyone at all?? And as for Robots4you...shame on you for joining in with this crap. {quote}Look at that post again, he plainly says he deposited money which is the SINGLE large step you talk about, but look at the rest of the stats. and {quote} And now following Emmanuel's post when he clearly had the right specifications?
Dude -- look at the chart. If it weren't for that one large step his trading simply treads water. Plus, he crops the stats so you can't see enough details. You don't even know if it's his chart. Plus, he boasts that he trades using the TradingView platform -- and, yet, he shows MT4 stats? Come on -- open your eyes -- it's smoke and mirrors. His only purpose here is to denigrate @emmanuel7788. A fellow who sees fit to post his lunch photos on a trading forum because he thinks it will impress people (like yourself) is (a) not a serious trader, and (b) shouldn't be trusted. And shame on me for calling him out? Fair enough -- I'll wear that badge of shame proudly...

And as for the specifications -- no, he didn't have it right. Look at the details. Details matter in trading...
Quoting lynnc
{quote}Am I going daft or isn't that what he said. The actual settings I mean? I don't usually come into arguments but this is now getting silly. This is just arguing for the sake of it...how does it help anyone at all?? And as for Robots4you...shame on you for joining in with this crap. {quote}Look at that post again, he plainly says he deposited money which is the SINGLE large step you talk about, but look at the rest of the stats. and {quote} And now following Emmanuel's post when he clearly had the right specifications?

hey @lynnc

many of the older members here were also subscribing members of CompassFX and Dean Malone' Synergy trading model the same time when Big E started this thread. In fact some were in his old thread and were active in Craig Harris trading school in 2006. Synergy trading model /systems has another active forum back in 2006 ... forex-tsd. Lots of discussions and all the newer version of TDI and Synergy advance system releases since then.
This is how long ago all the knowledge and years of experience there.
If you want details, then you need to know who are the members in eelfranz skype groups and if they are willing to talk with you then you will learn even more.

What do we have here with @tommydog. He started trading in Oct 2020, and he is portraying himself to be the one who knows everything about TMS.
TMS is just three letters acronymn for Trading Made Simple this thread' title the method we trade is Big E' 5-Method.

I know you are working hard to become FTMO trader. Stop wasting your time reading this thread. I passed my FTMO trial already. If I want to trade their $200,000, I will pass again without any problem. All I need to do is copy my own Daily /Weekly swing trades to a FTMO account, and have nothing more to do.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting robots4me
{quote} Dude -- look at the chart. If it weren't for that one large step his trading simply treads water. Plus, he crops the stats so you can't see enough details. You don't even know if it's his chart. Plus, he boasts that he trades using the TradingView platform -- and, yet, he shows MT4 stats? Come on -- open your eyes. A fellow who sees fit to post his lunch photos on a trading forum because he thinks it will impress people (like yourself) is (a) not a serious trader, and (b) shouldn't be trusted. And shame on me for calling him out? Fair enough...
Firstly, it doesn't impress me. Nobody on this thread impresses me. Every single one of the "main players"have nothing at all to show they can actually trade. Because one is better than photoshopping than the other one, is not impressive. As far as the chart is concerned, look at the text at the bottom, 240 trades with a profit factor of 4.18 is not treading water as far as I'm concerned. The chart itself is skewed because of the large deposit.
Quoting emmanuel7788
{quote} hey @lynnc many of the older members here were also subscribing members of CompassFX and Dean Malone' Synergy trading model the same time when Big E started this thread. In fact some were in his old thread and were active in Craig Harris trading school in 2006. Synergy trading model /systems has another active forum back in 2006 ... forex-tsd. Lots of discussions and all the newer version of TDI and Synergy advance system releases since then. This is how long ago all the knowledge and years of experience there. If you want details, then...
Thanks for the lesson Emmanuel, but I have passed the ftmo trial, I am now using their free trial to try different strategies and so far TMS is the only one I will use on the funded account. Confused though, why didn't you take the $200,000 challenge first time?
Edit: You are right about one thing though, in order to pass the challenge I had to stop reading this thread and all the others in here.
Quoting lynnc
{quote}Firstly, it doesn't impress me. Nobody on this thread impresses me. Every single one of the "main players"have nothing at all to show they can actually trade. Because one is better than photoshopping than the other one, is not impressive. As far as the chart is concerned, look at the text at the bottom, 240 trades with a profit factor of 4.18 is not treading water as far as I'm concerned. The chart itself is skewed because of the large deposit.

You are right. When I deposited last May and topped up my account from 4K to 20k, the statistics on MT4 started getting skewed. The profit factor of 4.18 is not accurate representation of my performance because MT4 calculates using actual $ values. You can imagine when the first few trades after topping up won.

Then I switched to MyFxBook because it is calculated using %. The actual profit factor was about 3, which is consistent compared with the profit factor before and also some time after topping up (exclude the time before May)

That is something traders should know and be aware of when assessing performance using MT4’s trading journal
Quoting lynnc
{quote}Firstly, it doesn't impress me. Nobody on this thread impresses me. Every single one of the "main players"have nothing at all to show they can actually trade. Because one is better than photoshopping than the other one, is not impressive. As far as the chart is concerned, look at the text at the bottom, 240 trades with a profit factor of 4.18 is not treading water as far as I'm concerned. The chart itself is skewed because of the large deposit.
Dude -- the reason he posted that chart is because of the large PF. What do you think the PF would be without that huge step? More like 1.10. That's what I mean about paying attention to details. You don't yet know how to compare stats and chart data and are easily fooled -- as you've just now proven. You see a PF of 4.18 and think WOW!! You see his expensive lunch and think WOW!! That's why he posts that shit. He didn't need to crop those MT4 stats -- it would have taken the same effort to post the entire chart. But he didn't want us to see the entire chart because it would expose his game.

tommy isn't shy about posting his BS and doesn't need any additional wet nurses -- he already conspires with DrDave and Tekkies. So unless you really feel a compelling urge to come to his defense and join the misfit crew, then let's leave it at that. I know you are a conscientious fellow, though on the naive side.
Quoting robots4me
{quote} Dude -- the reason he posted that chart is because of the large PF. What do you think the PF would be without that huge step? More like 1.10. That's what I mean about paying attention to details. You don't yet know how to compare stats and chart data and are easily fooled -- as you've just now proven. You see a PF of 4.18 and think WOW!! You see his expensive lunch and think WOW!! That's why he posts that shit. He didn't need to crop those MT4 stats -- it would have taken the same effort to post the entire chart. But he didn't want us to...

You know you can do custom analysis of your portfolio at MyFxBook?

On May 6 2021 I increased my account size to 20000 and no more deposit/withdrawal since then

MyFxBook is a better algorithm to calculate performance parameters because it uses % and dominators are based on last known value. That is a much more accurate matrix

Before May when I began to trade BigE’s TMS, the performance was okay.

Take note here the profit factor was under 3. Then after deposit the Profit Factor shown on MT4 went sky high. That was when I realise the MT4 trade journal is not capable to handle deposit/withdrawal calculation.
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Then the performance went better


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In the custom analysis tab, the instruments shown are limited to the ones the account actually opened trades with
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this information can be verified easily by the traders themselves
Quoting tommydoginti
{quote} You know you can do custom analysis of your portfolio at MyFxBook? On May 6 2021 I increased my account size to 20000 and no more deposit/withdrawal since then MyFxBook is a better algorithm to calculate performance parameters because it uses % and dominators are based on last known value. That is a much more accurate matrix Before May when I began to trade BigE’s TMS, the performance was okay. {image}{image} Then the performance went better {image}{image} In the custom analysis tab, the instruments shown are limited to the ones the account...
All you've shown is that you can cut / paste images from the Internet. That, and spam this thread with bunches of 5-6 posts. And denigrate @emmanuel7788 and @BigE every step of the way -- along with DrDave and Tekkies who hate him with a passion and would like nothing more than to disrupt this thread and see it binned.

And while you're at it -- how about explaining why you crop the MT4 stats charts... Is it because you want to save on electrons and combat global warming?
Quoting robots4me
{quote} Dude -- the reason he posted that chart is because of the large PF. What do you think the PF would be without that huge step? More like 1.10. That's what I mean about paying attention to details. You don't yet know how to compare stats and chart data and are easily fooled -- as you've just now proven. You see a PF of 4.18 and think WOW!! You see his expensive lunch and think WOW!! That's why he posts that shit. He didn't need to crop those MT4 stats -- it would have taken the same effort to post the entire chart. But he didn't want us to...
I'm sorry but I am not coming to the defense of anyone. Just trying to balance things up. I don't think I am naive profit factor is worked out as:

PROFIT FACTOR

  1. Profit Factor measures profitability of a trading system or strategy. ...
  2. Profit Factor = Total number of profit-making trades / Total number of loss-making trades.
  3. Profit Factor = (Winning probability x Average profit from a profit-making trade) / (Loss probability x Average loss from a loss-making trade).

Nowhere in there does it mention if you put a deposit in, it will help your profit factor?

I'll leave it there. Put this thread back on ignore and enjoy the rest of my day.

Quoting lynnc
{quote}I'm sorry but I am not coming to the defense of anyone. Just trying to balance things up. I don't think I am naive profit factor is worked out as: PROFIT FACTOR Profit Factor measures profitability of a trading system or strategy. ... Profit Factor = Total number of profit-making trades / Total number of loss-making trades. Profit Factor = (Winning probability x Average profit from a profit-making trade) / (Loss probability x Average loss from a loss-making trade). Nowhere in there does it mention if you put a deposit in, it will help your...
Dude -- you cut / pasted a definition you found on the Internet. You don't even understand how it is actually calculated.

Quoting lynnc
{quote}
Profit Factor = Total number of profit-making trades / Total number of loss-making trades.
Wrong!! Are you fucking serious? Suppose I have 10 trades -- 5 are winners and 5 are losers. 5 / 5 is '1', right? Do you really believe the PF is '1'?

See: https://www.forexfactory.com/thread/...06#post4483006
"The dollar amount a trading strategy made for every dollar it lost.
gross profits / gross losses"

When you deposit money into the account in the middle of a chart then it counts toward gross profits. That's why he included the deposit in his stats. If he were honest, his chart would have begun AFTER the deposit.
Quoting robots4me
{quote} Dude -- you cut / pasted a definition you found on the Internet. You don't even understand how it is actually calculated. {quote} Wrong!! Are you fucking serious? Suppose I have 10 trades -- 5 are winners and 5 are losers. 5 / 5 is '1', right? Do you really believe the PF is '1'? See: https://www.forexfactory.com/thread/...06#post4483006 "The dollar amount a trading strategy made for every dollar it lost. gross profits / gross losses" When you deposit money into the account in the middle of a chart then it counts toward...
Last time posting. Lets try a bit of basic maths for you according to his image:
Gross profit: 2313.76 / Gross Loss 553.07 = 4.18 Profit factor. Show me on there where the $20,000 comes into it.
Quoting lynnc
{quote}I'm sorry but I am not coming to the defense of anyone. Just trying to balance things up. I don't think I am naive profit factor is worked out as: PROFIT FACTOR Profit Factor measures profitability of a trading system or strategy. ... Profit Factor = Total number of profit-making trades / Total number of loss-making trades. Profit Factor = (Winning probability x Average profit from a profit-making trade) / (Loss probability x Average loss from a loss-making trade). Nowhere in there does it mention if you put a deposit in, it will help your...
Hi Lynnc,

Just ignore the troll. This dude has no knowledge about trading. He has no idea about Profit factor and any other terms in trading..

I traded with a % risk. So when I deposit and boosted the account to 5x its size, you can imagine the lot size of my trades thereafter would be scaled up.

In reality, before I deposit in May 2021, when account size was at $4k level, my average trading lot size was 0.03.
After deposit, I scaled up to at least 0.1 lot per trade. A range of 0.1 - 0.4 lot depending on setup.

The lot size was at least 3x

But what did not change much was % risk, back in May was ~0.25% per trade.

So when my first few trades after deposit took profit, the equation was then tilted. MT4 only looks at how much $ won and lost in the past trades


If wanting to avoid confusion of Profit Factor due to big change of trade size, one can use custom analysis to only analyze the period before and after the change.

For example, custom analysis of 6May 2021 till now, avoiding the small lot trades before 5May when the account size was $4k.
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MT4 trading Journal came up with same result for 6May2021 to now.
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Quoting lynnc
{quote}Last time posting. Lets try a bit of basic maths for you according to his image: Gross profit: 2313.76 / Gross Loss 553.07 = 4.18 Profit factor. Show me on there where the $20,000 comes into it.
So, you know -- you are right. My apologies to you @lynnc -- I stand corrected. His deposit was not included in Gross profit and the PF for that chart truly is 4.18. Yes -- I've made an ass of myself. Not the first time and, hopefully, not the last...

@lynnc -- your eye for detail is better than mine. Good luck on your FTMO challenge...


Testing a new strategy...

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Quoting robots4me
{quote} So, you know -- you are right. My apologies to you @lynnc -- I stand corrected. His deposit was not included in Gross profit and the PF for that chart truly is 4.18. Yes -- I've made an ass of myself. Not the first time and, hopefully, not the last... @lynnc -- your eye for detail is better than mine. Good luck on your FTMO challenge... Testing a new strategy... {image}

Since you are not a profitable trader and have little knowledge about trading, it is understandable that you can make such as newbie mistake even after all these years "trading"

Good luck seeking your holy grail!
Quoting tommydoginti
{quote} Since you are not a profitable trader and have little knowledge about trading, it is understandable that you can make such as newbie mistake even after all these years "trading" Good luck seeking your holy grail!
Thanks for the good wishes -- mauuw, mauuw...

And for your information I ain't no newbie -- I'm a rookie. There's a big difference...
Quoting tommydoginti
{quote} Hi Lynnc, Just ignore the troll. This dude has no knowledge about trading. He has no idea about Profit factor and any other terms in trading.. I traded with a % risk. So when I deposit and boosted the account to 5x its size, you can imagine the lot size of my trades thereafter would be scaled up. In reality, before I deposit in May 2021, when account size was at $4k level, my average trading lot size was 0.03. After deposit, I scaled up to at least 0.1 lot per trade. A range of 0.1 - 0.4 lot depending on setup. The lot size was at least...
Just FYI,

The drop of Balance on the graph was because I transferred $1k to a secondary account, named "Aggressive" to expose MrBullBear as a fake trader.

That day was Dec 17, 2021.

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Quoting emmanuel7788
{quote} S&P500 Apr 18 trades closed - in total I did 5 trades yesterday, 4 winners 1 loser - the 5th trade was taken when NYSE open m30 opening range trading {image}

S&P500 Apr19 day trades closed

- just trade the common 5-Method 5bars swing high REVERSAL setup

- using yesterday' NYSE m30 opening range as 'support & resistance' and CONFLUENCE with historical levels and RN/BRN

- the rest is how you view the market big picture and your money management strategy

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> done for today' day trading

> and early night and early rise

> will be back with my Auckland traders-friends to trade the NYSE afternoon session


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
TMS Monitor Apr19 H4 2AM PDT

- USD majors Big E' 2AM 4hr setups were all CT

- JPY pairs were good for continuation

> if you are trading the New York H1, then be careful the dollar bulls

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Quoting emmanuel7788
{quote} AU Apr19 SYD_2H - today' potential trade {image}

AU Apr19 SYD_2H

- miss the trade this morning

- anyway took the TOK_5H break during London Open

- closed with small profit as price pulled back from the BRN 0.7400 and previous Day Open

- was not prepared to take the short so let it go

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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emmanuel7788