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Trading Made Simple

  • #133,061
  • Jul 21, 2022 5:31am Jul 21, 2022 5:31am
Quoting khalidhassan
this method is super clear & easy
Then maybe you would like to help Vincent with it. He has been struggling to figure it out for about 10 years now, but still can't make steady profits (barely manages long-term break even).

So post some of your charts with trades on them and explain the logic that you used for deciding the entry and exit so that Vincent at least has a chance to study how to apply the required logic for success with the 5-method. He has posted that he has a lot of deficits, such as health problems including mental problems, and these have hindered his journey in life, including failing medical school entrance exam, failing at basic piano playing, and wiping out several trading accounts for thousands of dollars down the tube.
To free Gazans of Hamas, use whatever it takes.
  • #133,062
  • Jul 21, 2022 6:25am Jul 21, 2022 6:25am
NZD USD DAILY
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NZD USD 4HOUR
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GOOD TDI SLOPE
BOUNCE TRADE
NO MORE THAN IDEA
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,063
  • Jul 21, 2022 7:00am Jul 21, 2022 7:00am
Quoting jpntrader
{quote} if i am correct, you enter when price crosses ema + tdi cross at the same time without considering the overall market trend, no? The vertical line, is that the entry point or is that the setup candle (means you'd entry on the next candle)?
the vertical line is the entry point it is better to take any setup in the first or second candle
you must check1- basic trading things mentioned in this post #647
2-tdi slope
3-weekly and montly support and resistance and take trades near them they are A+ setups
4- you must cut losses quickly and let profits run dont get out until you found reverse in tdi or AP candles not all set ups make big profits but when the market give you chance for big profits
be patience and dont go out with small profits because big profits make the money i risk only 1% in every trade and target 1% or 2% or 3% or 4% according to market condition
5- most of the time i go out before hit stoplose when there is reverse so the losses most of the time less than 1% may be 0.5% or 0.25% or 0.75%
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,064
  • Jul 21, 2022 7:26am Jul 21, 2022 7:26am
Quoting Alihelmy123
{quote} the vertical line is the entry point it is better to take any setup in the first or second candle you must check1- basic trading things mentioned in this post #647 2-tdi slope 3-weekly and montly support and resistance and take trades near them they are A+ setups 4- you must cut losses quickly and let profits run dont get out until you found reverse in tdi or AP candles not all set ups make big profits but when the market give you chance for big profits be patience and dont go out with small profits because big profits make the money i risk...
Great breakdown, thank you!
TDI slope, enter trades near weekly-monthly SnR. Roger that.

A bit follow up questions if you don't mind.

"4- you must cut losses quickly and let profits run dont get out until you found reverse in tdi or AP candles not all set ups make big profits but when the market give you chance for big profits
5- most of the time i go out before hit stoplose when there is reverse so the losses most of the time less than 1%"

How do you determine your running trade is a bad one; because it could be just a pullback before going further to your direction? Do you take a look at lower time frame structure and check your normal Japanese candlestick, or what?
How far do you set your stop loss?

I see that your entry is like how everyone does (including me in my main system): risking 1%, which means you calculate your position size.
Whereas I am trying to imitate more how Big E originally utilize this TMS system: fixed lot in every trade without worrying too much about risk per position.
This risk management aspect is the one I am trying to find out more if I were to go 100% with how Big E traded, because he did not seem to have any mechanical method on when a loss should be realized (aside from TDI making a hook). Correct me if I am wrong, please.
  • #133,065
  • Jul 21, 2022 7:46am Jul 21, 2022 7:46am
Quoting Alihelmy123
Gbp usd daily from jan 2022 till now 8 setups 1 losses and 7 winners WIN RATE 87% learning chart{image}

back-testing is fun and also a way to test entry and exit, position sizing, trade management exit when to move SL to BE, etc.

here is my quick back-test, No TDI just HA candles price action

GU Daily Jan 01 to Jul 21 2022

- use ADR for SL and TP
- SL 1.0 adr TP 3.0 adr Risk : Reward 1:3

- move SL to BE after +1.5adr lock
- exit let TP hit
or exit when HA candle change colour

position sizing use risk 10% of balance (Big E risk is 15% to 30% per trade, 2 to 4 standard lots)

test results:
Attached Image (click to enlarge)
Click to Enlarge Name: GU Daily Jan 01 to Jul 21 21-7-2022 8-38-15 pm.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,066
  • Jul 21, 2022 7:52am Jul 21, 2022 7:52am
Quoting emmanuel7788
{quote} back-testing is fun and also a way to test entry and exit, position sizing, trade management exit when to move SL to BE, etc. here is my quick back-test, No TDI just HA candles price action GU Daily Jan 01 to Jul 21 2022 - use ADR for SL and TP - SL 1.0 adr TP 3.0 adr Risk : Reward 1:3 - move SL to BE after +1.5adr lock - exit let TP hit or exit when HA candle change colour position sizing use risk 10% of balance (Big E risk is 15% to 30% per trade, 2 to 4 standard lots) test results: {image}

same test parameters for AU Daily Jan 01 to Jul 21

result:

Attached Image (click to enlarge)
Click to Enlarge Name: AU Daily Jan 01 to Jul21 21-7-2022 8-50-46 pm.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,067
  • Jul 21, 2022 7:55am Jul 21, 2022 7:55am
Quoting emmanuel7788
{quote} same test parameters for AU Daily Jan 01 to Jul 21 result: {image}
here is EurCad Daily Jan 01 to Jul 21

- same test parameters,

Attached Image (click to enlarge)
Click to Enlarge Name: ECad Daily Jan 01 to Jul 21 21-7-2022 8-54-38 pm.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,068
  • Jul 21, 2022 8:01am Jul 21, 2022 8:01am
Quoting emmanuel7788
{quote} here is EurCad Daily Jan 01 to Jul 21 - same test parameters, {image}

UJ Daily Jan 01 to Jul21

- same test parameters

results

* the only difference is the volatility use ADR for SL and TP, Position Sizing, and trade exit management
Attached Image (click to enlarge)
Click to Enlarge Name: UJ Daily Jan 01 to Jul 21 10pct lot 21-7-2022 8-58-50 pm.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,069
  • Jul 21, 2022 8:06am Jul 21, 2022 8:06am
Quoting emmanuel7788
{quote} UJ Daily Jan 01 to Jul21 - same test parameters results * the only difference is the volatility use ADR for SL and TP, Position Sizing, and trade exit management {image}

GbpAud Daily Jan 01 to Jul 21

- same test parameter

- this pair is a disaster

look at Daily and Weekly charts and you will know why

* do you understand why knowing the Market Type conditions is so important to pick the pair to trade.

* Do Not trade Market Type #3 Sideways Narrow Range

Attached Image (click to enlarge)
Click to Enlarge Name: GA Daily Jan 01 to Jul 21 10pct lot 21-7-2022 9-03-20 pm.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,070
  • Jul 21, 2022 8:12am Jul 21, 2022 8:12am
Quoting emmanuel7788
{quote} GbpAud Daily Jan 01 to Jul 21 - same test parameter - this pair is a disaster look at Daily and Weekly charts and you will know why * do you understand why knowing the Market Type conditions is so important to pick the pair to trade. * Do Not trade Market Type #3 Sideways Narrow Range {image}

EurGbp ... my favourite pair to hedge EU and GU and for recovery of losses

- same test parameter

Attached Image (click to enlarge)
Click to Enlarge Name: EG Daily Jan 01 to Jul 21 10pct lot 21-7-2022 9-08-19 pm.png Size: 38 KB


Now do you know why it is important to develop a system trading strategy trading several pairs at the same time and make full use of your trading margin deposited with your broker.

If you trade 5 pairs at the same time in the same trading cycle, 3 pairs do well and 2 pairs do badly, you will still make money.... 60:40
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,071
  • Jul 21, 2022 10:25am Jul 21, 2022 10:25am
Quoting emmanuel7788
{quote} GbpAud Daily Jan 01 to Jul 21 - same test parameter - this pair is a disaster look at Daily and Weekly charts and you will know why * do you understand why knowing the Market Type conditions is so important to pick the pair to trade. * Do Not trade Market Type #3 Sideways Narrow Range {image}
Hey Emm, thanks for the backtest results, helpful (and good to show the Market Type narrow ranging is no good!). Can I ask are you using an EA to test this? (the only way I've seen to "backtest" with MT4...)
  • #133,072
  • Jul 21, 2022 11:43am Jul 21, 2022 11:43am
Quoting holyGrill
{quote} Hey Emm, thanks for the backtest results, helpful (and good to show the Market Type narrow ranging is no good!). Can I ask are you using an EA to test this? (the only way I've seen to "backtest" with MT4...)
Don't be fooled by the smoke and mirrors.

Did you look carefully at the drawdown??? That 30-60% in those reports are levels that few people would be able to deal with.

In addition, few people would be able to tolerate those extended REPEATING periods of the equity steadily falling.
To free Gazans of Hamas, use whatever it takes.
  • #133,073
  • Jul 21, 2022 1:20pm Jul 21, 2022 1:20pm
Hi all, you think its good entry ?
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  • #133,074
  • Jul 21, 2022 6:44pm Jul 21, 2022 6:44pm
this is my fourth trade for this week
no more than idea
usdjpy daily
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Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,075
  • Jul 21, 2022 7:00pm Jul 21, 2022 7:00pm
Quoting jpntrader
{quote} Great breakdown, thank you! TDI slope, enter trades near weekly-monthly SnR. Roger that. A bit follow up questions if you don't mind. "4- you must cut losses quickly and let profits run dont get out until you found reverse in tdi or AP candles not all set ups make big profits but when the market give you chance for big profits 5- most of the time i go out before hit stoplose when there is reverse so the losses most of the time less than 1%" How do you determine your running trade is a bad one; because it could be just a pullback before going...
in long time frame like daily i wait for candle color change MOST OF THE TIME
FOR ME I RISK NO MORE THAN 1% BECAUSE I FOCUS IN HOW MUCH I RISK THAT I CAN CONTROL NOT THE PROFIT
I PUT MY STOP LOSS AT THE HIGH OF LAST CANDLE IF THE MARKET CHANGE AND CANDLE COLOR CHANGE AND IT DONT HIT STOP I WILL GO OUT QUICKLY WITH SMALL LOSSES OR SMALL PROFIT IF THE MARKET IN MY WAY I STILL IN IT UNTIL COLOR CHANGE THE MOST OF TIME I DO THIS
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,076
  • Jul 21, 2022 7:08pm Jul 21, 2022 7:08pm
Quoting DrDave
{quote} Don't be fooled by the smoke and mirrors. Did you look carefully at the drawdown??? That 30-60% in those reports are levels that few people would be able to deal with. In addition, few people would be able to tolerate those extended REPEATING periods of the equity steadily falling.
"Did you look carefully at the drawdown??? That 30-60% in those reports are levels that few people would be able to deal with."

LOL. @Fake'Dr'Dave aka @DrDick given by @robots4me

You worry about that 30% to 60% in a backtesting report...

You don't have to worry because you do not have USD10,000 real money to start with anyway.

You have been in FF for more than 10 years and spent all your time jumping from thread and thread looking for a holy grail trading system. You still have no clue what a winning trading system is. Obviously your post is another evidence that your 'Dr' is FAKE. You failed academically because you are a fraud and cheat.

Now go back to your failed trading system thread TDA with IMT and post some charts to show people how you trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,077
  • Jul 21, 2022 7:13pm Jul 21, 2022 7:13pm
Cad jpy 4 hour strong trend broken
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return from daily resistance and good price action
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no more than idea
Cut your losses. Cut your losses. Then maybe you have a chance
  • #133,078
  • Jul 21, 2022 7:17pm Jul 21, 2022 7:17pm
Quoting holyGrill
{quote} Hey Emm, thanks for the backtest results, helpful (and good to show the Market Type narrow ranging is no good!). Can I ask are you using an EA to test this? (the only way I've seen to "backtest" with MT4...)
hi @holyGrill

You can back-test on all trading platforms no need to use MT4.

There are system testing software available in the market. Some of use bought the ForexTester version 2.0 years ago and use that for our trading system development.
Just search this thread: "ForexTester".

In MT4, I developed my own tester which I use every month study recent market performance and to help me pick the pairs for my trading cycle. Its just a routine monthly task in trade planning. Some traders call this market optimization as in the Blessing3 thread.

Remember, we pick 5 pairs, one pair each from our six(6) groups.... balancing and mitigating correlation risks.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,079
  • Jul 21, 2022 7:20pm Jul 21, 2022 7:20pm
Quoting emmanuel7788
{quote} LOL. Took many hours for price to return to 08500... M5 double bottom {image} {image}

Finally, EG took that big move up and pulled back ... LOL.

Did you take profit at the top?

Attached Image (click to enlarge)
Click to Enlarge Name: EG Jul 22 Daily with M5 low risk trade idea 22-7-2022 7-56-41 am.png Size: 29 KB


If, you missed that, its okay.

Today you still have another shot at taking lower risk trading idea trade setup.


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #133,080
  • Jul 21, 2022 7:24pm Jul 21, 2022 7:24pm
Quoting emmanuel7788
{quote} Sure! Here is one for today, S&P500 Daily broke the WCC High range Look for low risk trading idea - buy and target BRN 4000 with potential Risk:Reward 1:3 minimum... 3R type trades. be very careful at Chicago 8:30am which is New York 9:30am. {image}

BINGO!

S&P500 hit BRN4000

Attached Image (click to enlarge)
Click to Enlarge Name: SP500 Jul21 hit 4000 22-7-2022 8-21-14 am.png Size: 25 KB

next ... 4050 one step at a time,

remember take only trades with low risk trading idea....

and Risk:Reward 1:3


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