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Trading Made Simple(r)

  • #8,061
  • Jun 6, 2022 4:58pm Jun 6, 2022 4:58pm
6 out of 6 today, after one dark week, i'm back

i love this indicator, it draws the trend channels and it's insane how most of the times the pair just follow it like a law
Attached File(s)
File Type: ex4 AutoTrendChannels.ex4   165 KB | 636 downloads
  • #8,062
  • Jun 6, 2022 5:25pm Jun 6, 2022 5:25pm
Quoting 40PipsAlan
{quote} This might help. {file}
Thanks alot !
  • #8,063
  • Jun 6, 2022 5:31pm Jun 6, 2022 5:31pm
A Good One, SGDJPY
Attached Image (click to enlarge)
Click to Enlarge Name: SGDJPY.PNG Size: 48 KB
  • #8,064
  • Jun 6, 2022 7:24pm Jun 6, 2022 7:24pm
Quoting Polimini
6 out of 6 today, after one dark week, i'm back i love this indicator, it draws the trend channels and it's insane how most of the times the pair just follow it like a law {file}
It does look interesting. Which time frame did you have 6 winning trades on today?
Attached Image (click to enlarge)
Click to Enlarge Name: AutoChannel.PNG Size: 103 KB
Always a Student, Never a Master - Emulate What Works
  • #8,065
  • Jun 6, 2022 9:06pm Jun 6, 2022 9:06pm
Quoting Coffeebuff
{quote} Thanks Matsu, appreciated, I am always challenged when I only have a MQ4 to down load and no FX4, is there some material to read somewhere that would teach me the correct protocol.
You mean EX4? Just restart MT4 and it will compile for you.

Any here it is:
Attached File(s)
File Type: ex4 RHO.ex4   9 KB | 437 downloads
  • #8,066
  • Jun 7, 2022 12:59am Jun 7, 2022 12:59am
Hi RobinHood,
Thank you very much I learn too usefull things from you and I wish more geen pips to you.
  • #8,067
  • Edited 3:32am Jun 7, 2022 3:09am | Edited 3:32am
Quoting RobinHood
{quote} It does look interesting. Which time frame did you have 6 winning trades on today? {image}
4 on M15, and 2 on M5 (it was a mistake, i didn't realize they were on M5, should be all M15), i still struggle with the timeframes, i was trying to keep it all M15 yesterday as a test.

I also used this dashboard that all of the stuff i tried of monitors, dashboards it's the one i like the most. I remember i used it for 2 of the trades. I don't just follow what it says but it works as what pair to look for my entry point on my charts.
I really liked the idea behind it as the autor explains it. To try and find the best and worst performing currency overall against all others (the one that is all red against the one that is all green, or the strongest against the weakest)
https://www.forexfactory.com/thread/...erage-distance

It works. Like i said to a point, i don't just blindly follow it or care for the suggestions as they seem to me they are more for quick scalping.
  • #8,068
  • Edited 5:18am Jun 8, 2022 3:23am | Edited 5:18am
Quoting RobinHood
{quote} You need the 11-13 MACD to overlay and scale with the 7-10 MACD. On the price chart above, you mentioned to add 2 EMA (4 and 9) but you didnt mention if they apply to last, close, high, low.... I think the only thing I did right was the road! Lol Thank you!! Last/Close I have slightly changed my 4 EMA to 4 SMA -1. <--- Please also note that I use a SIMPLE moving average here. {image} 9 EMA {image}
Hello David,

I thought you wouldn`t even respond to that, since I imagine the fun part for you is analyze what the price does in charts you create and not getting to small specifics like I asked and you most kindly went to explain.
Yesterday I made 6 trades based on your template. All 5 minutes. 4 very profitable, and 2 slightly profitable. 1.8% profit from total account in one day. I never managed this kind of result, and I was/am very happy about it. Even knowing I have to balance emotions and get used to it.
I am reading the "Holy Grail by Van K. Tharp" you sent here another day. And that`s gold!

So, for your attention, and continuos help, patience, and high quality of what you give for free, THANK YOU from the bottom of the heart.
I wish you have it all back to you somehow.

Olympio Dumont
  • #8,069
  • Edited 6:09am Jun 8, 2022 5:52am | Edited 6:09am
Quoting Tricolor77
{quote} Hello David, I thought you wouldn`t even respond to that, since I imagine the fun part for you is analyze what the price does in charts you create and not getting to small specifics like I asked and you most kindly went to explain. Yesterday I made 6 trades based on your template. All 5 minutes. 4 very profitable, and 2 slightly profitable. 1.8% profit from total account in one day. I never managed this kind of result, and I was/am very happy about it. Even knowing I have to balance emotions and get used to it. I am reading the "Holy Grail...
Well done with the trading! You're welcome, and thank you for the kind words!

What specifically were you trading?
Always a Student, Never a Master - Emulate What Works
  • #8,070
  • Jun 8, 2022 6:54am Jun 8, 2022 6:54am
Quoting Polimini
6 out of 6 today, after one dark week, i'm back i love this indicator, it draws the trend channels and it's insane how most of the times the pair just follow it like a law {file}
Would you mind giving us the opportunity to change the colours that you have selected as default, please?
Thanking you sincerely,
Hercs.
Hercs
  • #8,071
  • Jun 8, 2022 7:06am Jun 8, 2022 7:06am
Quoting Hercs
{quote} Would you mind giving us the opportunity to change the colours that you have selected as default, please? Thanking you sincerely, Hercs.
I'm sorry but i didn't made the indicator. The colors are in the code and there is no options to change it. As it is in ex4 i can't help you. If you follow the link in the about tab that's all you got.
  • #8,072
  • Jun 8, 2022 7:34am Jun 8, 2022 7:34am
Attached Image (click to enlarge)
Click to Enlarge Name: THE JOURNEY OF A TRADER.png Size: 113 KB
  • #8,073
  • Jun 8, 2022 8:59am Jun 8, 2022 8:59am
Quoting Hercs
{quote} Would you mind giving us the opportunity to change the colours that you have selected as default, please? Thanking you sincerely, Hercs.
One thing to be made aware of is that that indicator repaints very badly (I don't know if that's intentional or not).

After suspecting that it was repainting, this morning I placed the 2 white diagonal lines exactly on top of the indicator's 2 brown diagonal lines and after a short while it looked like this:
Attached Image (click to enlarge)
Click to Enlarge Name: Repaint.PNG Size: 157 KB

And currently they look like this:
Attached Image (click to enlarge)
Click to Enlarge Name: Updated Lines.PNG Size: 93 KB
Always a Student, Never a Master - Emulate What Works
  • #8,074
  • Jun 8, 2022 11:26am Jun 8, 2022 11:26am
Quoting RobinHood
{quote} Well done with the trading! You're welcome, and thank you for the kind words! What specifically were you trading?
Yesterday`s trades 6 wins and no loss were 3 Eur/Usd, 1 Gbp/Usd, 1 Aud/Usd and 1 Xau/Usd
Today I lost a trade in Aud/Usd I couldn`t understand what I did wrong.... but I know we have to handle losses and thats it.
I am loosing a Gbp/Usd trade I made a mistake out of FOMO. So, it`s on me. And I won 2 trades, 1 Eur/Usd and 1 Aud/Nzd.
All in 5 min TF with Awesome Template.
I am still training for FTMO. I realize I still make mistakes in entries and exits, but the template is really awesome.
At some point I will chin up and begin the real challenge. Giving myself another week to practice with discipline.
Thanks.
  • #8,075
  • Jun 8, 2022 11:32am Jun 8, 2022 11:32am
Quoting RobinHood
{quote} One thing to be made aware of is that that indicator repaints very badly (I don't know if that's intentional or not). After suspecting that it was repainting, this morning I placed the 2 white diagonal lines exactly on top of the indicator's 2 brown diagonal lines and after a short while it looked like this: {image} And currently they look like this:
I think it's not repainting in the sense you use it as for other indicators, as the pair brakes the support or resistence it draws anothers.
I usually make printscreens to compare later and it nevers stays the same for long.
You have to see it exclusively for the imediate future, will the pair break or respect it, that's the only way it is usefull, at least that's how i see it.

The repainting gets worst if you look at the smaller timeframes, at 1M or 5M it's constantly changing. It works best for higher time frames when things are more stable.
  • #8,076
  • Jun 8, 2022 11:44am Jun 8, 2022 11:44am
Quoting Matsu
{quote} You mean EX4? Just restart MT4 and it will compile for you. Any here it is: {file}
Do you have MT5 version of this indicator
  • #8,077
  • Jun 8, 2022 12:44pm Jun 8, 2022 12:44pm
Quoting Tricolor77
{quote} Yesterday`s trades 6 wins and no loss were 3 Eur/Usd, 1 Gbp/Usd, 1 Aud/Usd and 1 Xau/Usd Today I lost a trade in Aud/Usd I couldn`t understand what I did wrong.... but I know we have to handle losses and thats it. I am loosing a Gbp/Usd trade I made a mistake out of FOMO. So, it`s on me. And I won 2 trades, 1 Eur/Usd and 1 Aud/Nzd. All in 5 min TF with Awesome Template. I am still training for FTMO. I realize I still make mistakes in entries and exits, but the template is really awesome. At some point I will chin up and begin the real challenge....
Where can I find the "awesome template" you are writing about? Couldn't find it.
  • #8,078
  • Jun 8, 2022 12:50pm Jun 8, 2022 12:50pm
Quoting FundedCoffee
{quote} Where can I find the "awesome template" you are writing about? Couldn't find it.
Hey FundedCoffee!

Please take a look in the posts #7993 and #7994 - it`s all there, thanks to Robin Hood.
Cheers!
  • #8,079
  • Jun 8, 2022 1:59pm Jun 8, 2022 1:59pm
Quoting Tricolor77
{quote} Hey FundedCoffee! Please take a look in the posts #7993 and #7994 - it`s all there, thanks to Robin Hood. Cheers!
Ah thank you!

You wrote it as someone shared a template called "awesome template" and I wondered where I could find that one.
  • #8,080
  • Jun 8, 2022 2:07pm Jun 8, 2022 2:07pm
Quoting RobinHood
{quote} It does look interesting. Which time frame did you have 6 winning trades on today? {image}
Hey RobinHood, where can we get these indicators and template? Thanks.
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