Do you know why I can't send private messages all of a sudden? Does everyone have something wrong?
- #138,103
- Feb 21, 2023 6:53am Feb 21, 2023 6:53am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} BigE's Trading Made Simple is a trading method using simple rules, with TDI signals and basic price actions. Busy charts and complicated charts will only make trading even more difficult. Keep it simple and focus on precise execution and management. Trade well. #647 When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Trend Look at the candles on the last reversal... big, little, what {image} {image}
TDI cross down after restesting previous high and failed to break previous high and make higher high.
#647
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
How close am I to the previous high or lo
Trend
Look at the candles on the last reversal... big, little, what
- #138,104
- Feb 21, 2023 7:18am Feb 21, 2023 7:18am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
how do i accurately know where i am entering since HA candles are not actually plotted at candle close and open? im trying to backtest this but find it very difficult to accurately test without know where the close and opens are
Hi Trumpaline,
thanks for a the PM.
yes I am also from Hong Kong, but with recent lift of travel restrictions I am travelling for extended time. I also plan to work remotely (旅居) in Taiwan for the coming year, travel and enjoy freedom of remote work. Hot springs are great here
as of your questions.
1. TDI is non-repainting. The green and red lines used in BigE’s Trading Made Simple is based on RSI (non-repainting), derived using the Simple Moving Averages (also non-repainting).
2. I put up the TDI green and red lines (RSI 13; SMA2&7). I coded some Price Action indications as of #647, the basic PA used by BigE when trading TMS. For example, higher highs and higher lows based on HA candle color. They are not difficult to code but of course only as an aid.
I use alert system to trade TMS to minimise chart time. Price levels to notify me when price is approaching levels, such as previous highs/lows as of #647.
TDI cross signal is definitive and mechanical. When set to only sell at TDI cross down after retesting previous high, there are only 1-2 valid TMS setups. So after planning the trades, when the setup forms you only need 10~15 seconds to confirm and execute trades, and alerts can make sure you don’t miss the opportunity.
3. HA candle is calculated and drawn based on OHLC candles. In BigE’s TMS, the TDI is based on OHLC candles. You can use overlapping indicators or separate sub-chart/chart to show both OHLC and HA candles.
Trade well
- #138,106
- Feb 21, 2023 8:34am Feb 21, 2023 8:34am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #138,107
- Feb 21, 2023 9:02am Feb 21, 2023 9:02am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} Tommy, post#25 TDI do repaint some crossovers with chart refresh. (That is on MT4.) Tradingview (the platform you use) does not have that defect? (Please correct if I am wrong)
Yes and Yes.
TDI is non repainting in nature. It is RSI and Moving average. Once the candle closes the values are fixed.
MT4 custom indicators “repaint” because of its calculating logic. I have explained this in previous post (see below). That is why BigE checked charts as of post #11, “...close the chart, turn off the computer,... open the (new) chart the next time checking it”.
You can simply verify this by coding any custom indicators, eg a simple moving average, and put it on any chart on MT4 and wait for multiple candle close / backtest (for EA). You should see interestingly the values are slightly off and appears different when re-opening the chart (“repainting”, a wrong term to describe this issue. An actual repainting does not involve closing and re-opening the chart, it occurs when new candle closes)
If you put up the moving averages using the built-in indicators on MT4 the values are correct and non-repainting. The values and crosses are exactly the same no matter you keep the chart open for extended time, or opening a new chart and review previous candles.
This is a known issue of MT4.
So I put up the TDI green and red lines using the built-in indicators. First an RSA (13), assign black color, then SMA of the RSI(13) with 2 and 7 period respectively
TradingView has no issue with custom indicators as it is dedicated to serve as a charting platform.
{quote} Hi ChazFarote Short answer is YES. you can backtest with TMS TDI green red indicator at #25 Long answer is the indi needs refreshing before performing analysis (At least before trade open, BigE #11). So actually extra caution is needed when FORWARD testing. Additional info: 1. MQL community, one of many threads concerning iCustom() (used in TDI indi #25) giving wrong values in new candle formations https://www.mql5.com/en/forum/223727 2. #122947 Detailed...
- #138,108
- Feb 21, 2023 9:14am Feb 21, 2023 9:14am
- Joined Oct 2020 | Status: Trader | 3,886 Posts
{quote} AUDUSD sell. TDI cross down after restesting previous high and failed to break previous high and make higher high. #647 When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like: How close am I to the previous high or lo Trend Look at the candles on the last reversal... big, little, what {image}{image}{image}
Then...
... and now
- #138,109
- Feb 21, 2023 9:18am Feb 21, 2023 9:18am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,110
- Feb 21, 2023 9:21am Feb 21, 2023 9:21am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Reply to PM today:
S&P500 9:30AM trade setup
> Bearish Engulfing Outside Bar BEEOB
> breaking the opening range low ... a nice 2R trade for some,
...
S&P500 9:30AM trade setup
> Bearish Engulfing Outside Bar BEEOB
> breaking the opening range low ... a nice 2R trade for some,
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,111
- Edited 10:20am Feb 21, 2023 9:27am | Edited 10:20am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} GN Feb21 H1 Day trade closed - hit today' ADR - manually closed the 3rd position {image}
...
PM does not allow attachments, so I upload here.
Set-file for the THV CaveManager EA for today' GN trade management.
...
Can_use_Both=Both Pivot and Batch can be combined to manage profit taking. But total percentage must be less than 100%.
UsePivots_for_TP=false
Include_Mid_Levels_SR=false
TP_1st_Lots_Percent=100.0
TP_2nd_Lots_Percent=0.0
TP_3rd_Lots_Percent=0.0
Settings_for_SDX_Pivot=Enter the SDX-TzPivots Settings below
HrsServerTzFromGMT=2
HrsChoiceTzFromGMT=0
Show_1Daily_2FibonacciPivots=1
DST_Settings=Choose DST Zone or customize one.
DST_Zone_Settings=1-US/2-EU/3-AUS/4-NZ/5-Customize
Auto_Adjust_For_DST=false
DST_Zone=1
To_Cutomize_DST_Settings1=Enter which Sunday of the month
To_Cutomize_DST_Settings2=DST should start and end.
To_Cutomize_DST_Settings3=1-1st Sunday, 2-2nd ....7-Last Sunday
cus_dst_start_sunday=2
cus_dst_month_start=3
cus_dst_time_start=02:00
cus_dst_end_sunday=1
cus_dst_month_end=11
cus_dst_time_end=02:00
UseTP_By_Batch=true
TP_1st_Batch_Lots_Percent=60.0
TP_2nd_Batch_Lots_Percent=20.0
TP_3rd_Batch_Lots_Percent=15.0
TP_1st_Batch_Pips=15.0
TP_2nd_Batch_Pips=50.0
TP_3rd_Batch_Pips=100.0
Capital_Protection=Protect capital after PA moves in your favor by pips value
UseNoLossAfterPips=true
NoLossAfterPips=15
NoLossBuffer=2
Manage_Losses=Manage losses by batches
UseLoss_by_Batch=false
Loss_1st_Batch_Lots_Percent=25.0
Loss_2nd_Batch_Lots_Percent=25.0
Loss_3rd_Batch_Lots_Percent=25.0
Loss_1st_Batch_Pips=15.0
Loss_2nd_Batch_Pips=20.0
Loss_3rd_Batch_Pips=35.0
Dynamic_Stop_Loss_Settings=Use ATR set Broker System/Server Stop Loss.
Use_ATR_Stop_Loss=false
ATR_Period_SL=10
ATR_SL_Factor=2
Dynamic_Target_Profit_Settings=Use ATR set system/server Target Profit.
Use_ATR_Target_Profit=false
ATR_Period_Target_Profit=10
ATR_Target_Factor=5
Standard_Settings=-------------------------------------
Take_Profit=150
Stop_Loss=100
Trailing_Stops=2 stage trailing stops available. 1st stage is classic trailing stop.
UseTrailingStop=false
Trailing_Stop=25
Dual_Stage_Trailing_Stop=2nd stage trailing is by percentage of profit after min. pips reached.
UseTrailPriceByPercentage=false
MinPipsToActivate=80
PercentageTrailBehindPrice=30
Dynamic_Trailing_Stop_Settings=Use ATR set Trailing Stop.
Use_ATR_TrailingStop=false
ATR_Period_TrailingStop=14
ATR_Trail_Factor=3
Trail_by_Prev_Candle_HL=Trailing by last candle high (Sell) and low (BUY) plus spread.
Special_Note=This supersedes all trailing methods.
Use_Trail_By_Candle_HL=true
Pips_Behind_Candle_HL=3
Activate_After_Pips=15
Preceding_TP=Setting TP to Precede Price by a certain number of pips.
Use_Preceding_TP=false
Preceding_TP_Pips=50
Slippage=3
Show_Status=true
Xshift=120
Yshift=50
WindowNum=0
WindowCorner=0
Status_Font=Arial
Status_Font_Size=12
Status_Color=16777215
Broker_Allow_Micro_Lot_Size=false
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,112
- Feb 21, 2023 9:33am Feb 21, 2023 9:33am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} Tommy, post#25 TDI do repaint some crossovers with chart refresh. (That is on MT4.) Tradingview (the platform you use) does not have that defect? (Please correct if I am wrong)
you are still confused with how to use the TDI#25
look at my post today GN day trading.
https://www.forexfactory.com/thread/...9#post14332609
that TDI#25 is on that chart.
Note, the BUEOB will always show a good RSI green price line slope which meet Big E' price MOMENTUM setup 12-2 clock angle.
Therefore Big E was correct in his Post#2617, you can trade without the TDI when you have a Price Action BUEOB setup at key support level or some prefer S&D zone.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,113
- Feb 21, 2023 9:44am Feb 21, 2023 9:44am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,114
- Feb 21, 2023 9:53am Feb 21, 2023 9:53am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,115
- Feb 21, 2023 10:04am Feb 21, 2023 10:04am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
GBPUSD Feb21 H1 London Open - waiting for today' PMI {image}
...
Hitting its ADR range high after today's low
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,116
- Feb 21, 2023 10:14am Feb 21, 2023 10:14am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
{quote} GN Feb21 review As this is a day trade, I was waiting on H1 chart. There is a earlier H1 setup but because of the recent swing high and the previous Day open [1] , I avoid taking that H1 buy and waited for the H4 at Pacific 10PM candle. The 4hr H1 Pacific 10Pm candle was good as it closed above the swing high and previous Day open. {image} Your trendline could connect the significant candles Close (its Line chart). {image} ...
I got a few PMs regarding this BUEOB setup on that chart which I posted.
Note: It is H4 BUEOB and you need to see the number of H1 candles to close the H4 and the BUEOB.
Also, one PM said that was a TOK_5H trade. That is also correct.
When the price action made a swing low and with a True REVERSAL , the setup candle closed above the Tokyo 5H high-low range.
I did not enter at the yellow arrow 2 because of the swing high which I marked.
Entry is the next candle after the yellow arrow 2.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,117
- Feb 21, 2023 10:29am Feb 21, 2023 10:29am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Its going to be fun...
The market type has been set and will not change after the RBNZ announcement.
...
The market type has been set and will not change after the RBNZ announcement.
...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,118
- Feb 21, 2023 10:40am Feb 21, 2023 10:40am
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Reply to PM today: S&P500 9:30AM trade setup > Bearish Engulfing Outside Bar BEEOB > breaking the opening range low ... a nice 2R trade for some, {image}
...
> breaking low
> something spooked the US Markets ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #138,120
- Feb 21, 2023 4:26pm Feb 21, 2023 4:26pm
- Joined Nov 2008 | Status: Trader | 50,234 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett