Trading Made Simple(r) | Page 444 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,872 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple(r)
Exit Attachments

Trading Made Simple(r)

  • #8,861
  • May 31, 2024 11:02am May 31, 2024 11:02am
Quoting sj9bp20
{quote} If you do this, isnt the next logical step to create a dashboard which shows the status of each of the indicators for each pair. ?
Probably, SwingMan has done that before for us.
Always a Student, Never a Master - Emulate What Works
  • #8,862
  • May 31, 2024 1:19pm May 31, 2024 1:19pm
Quoting sj9bp20
...If you do this, isnt the next logical step to create a dashboard which shows the status of each of the indicators for each pair. ?
I don't have enough time for a dashboard right now and something like that will have to wait.
  • #8,863
  • May 31, 2024 1:32pm May 31, 2024 1:32pm
Quoting Tuatuanlq
...I really hope you can help me, it would be great if you could add the function to send alert when bar changes from red to blue (or from blue to red)...4729479
First of all, I notice that my posts are not read seriously enough and no critical reports have been made about the indicators.
As a programmer one need input and not just requests and orders without delivering anything.

In #Post 8788 where I posted the RHO-Pro-5 version, I specified: "In version RHO-Pro-5 I programmed alerts when the arrows appear, please test, you can turn them on and off."
To test is important because when programming arrows and alerts I have not always programmed cleanly. It is also true that I do very little testing with live prices.

----------------------------------------
Now I have to make a few comments:

- in the chart posted by @Tuatanlg (#Post 8858) one can see that he is using the RHO-Pro-4 version, which has no alerts. Why he has not tested and used versions 5 and 6 is his problem, but please don't demand something that is available.

----------------------------------------
- another comment relates to the template from RH in Post# 8838!

It is correct that the RHO-Pro-6 version is used, OK.
But the parameter "Cross_FastLine_and_Zero" is given.
Also OK, but if the entire FastLine is zero, there are no crossings, and what is drawn is actually the SlowLine, so there will never be arrows or alerts.

To achieve this, one should give the parameter "Cross_Fast_and_SlowLine", and then the arrows and alerts suddenly appear.

One can turn off the alerts true/false, and the arrows if one don't assign a color, for example.
Personal settings are retained when changing the time frames.

However, it is recommended to save a ".set" file to reload an indicator.
  • #8,864
  • May 31, 2024 4:08pm May 31, 2024 4:08pm
FRIDAY 31/05/2024
Attached Image (click to enlarge)
Click to Enlarge Name: CH1.png Size: 261 KB
  • #8,865
  • May 31, 2024 10:52pm May 31, 2024 10:52pm
Quoting RobinHood
...SwingMan, I can see why others would like that function added, and it's okay with me as long as we can turn it on and off. Personally, I would rather it be set to off by default, otherwise I will be getting pop-up alerts constantly as I often have 8 charts open at the same time unless I go in one by one and turn them off. Plus, often times when you switch time frames, an indicator will reset to it's default settings which would be problematic for me if it'd defaulted to "on".
To avoid posting a new version after "Pro-6" only for small changes, it might be easier to set in the source code the alert parameter to "false" and compile again.
Inserted Code
Send_Alert = true;

One can also change other parameters such as Cross_Type, Periods, Widths, Colors as desired, and recompile the source code.
  • #8,866
  • Jun 1, 2024 11:20am Jun 1, 2024 11:20am
Quoting SwingMan
{quote} I don't have enough time for a dashboard right now and something like that will have to wait.
I wasnt actually asking for one. (Although it would be handy !!)
I was wondering if this forum wanted to keep going in such directions. I ask because it doesnt take long for someone to want to create the inevitable EA and the millions of amendments required to inevitably result in failure....
  • #8,867
  • Jun 1, 2024 11:54am Jun 1, 2024 11:54am
Quoting sj9bp20
...I wasnt actually asking for one. (Although it would be handy !!) I was wondering if this forum wanted to keep going in such directions. I ask because it doesnt take long for someone to want to create the inevitable EA and the millions of amendments required to inevitably result in failure....
OK.

If one reads the RH posts, he trades successfully discretionary and it would be very difficult to implement his thoughts in an EA.

I have only posted a few indicators here in the thread to visualize some ideas and will not program an EA.
The only thing I will program in the near future is an EA for the Golden-Cross Idea and it will inevitably lead to success...
  • #8,868
  • Jun 1, 2024 1:23pm Jun 1, 2024 1:23pm
Quoting SwingMan
{quote} OK. If one reads the RH posts, he trades successfully discretionary and it would be very difficult to implement his thoughts in an EA. I have only posted a few indicators here in the thread to visualize some ideas and will not program an EA. The only thing I will program in the near future is an EA for the Golden-Cross Idea and it will inevitably lead to success...
SwingMan wrote: "If one reads the RH posts, he trades successfully discretionary and it would be very difficult to implement his thoughts in an EA"

And that IS absolutely true. I have spent decades trading and at this point I just innately make trading decisions when trading, like seeing certain patterns, S&R, time of day, the best times to trade and when NOT to, divergences, gaps, swing points, pivot points, what momentum is telling me, breaking news, fed members speaking, gov't reports being released, the time of year, trend lines, what higher time frames are telling me, and which ones matter and which ones don't, etc. etc. etc. I also trade the Forex differently than I do stocks, and differently again for Futures. I've spent years at a time only trading one group so I know each group very well.

Here is a screenshot from my stock trading platform and all of the stocks that I am currently in. If you were to place each one on a daily and weekly chart that were side by side, you would see a common theme, BUT my entry reasons (and exits) can be very different from one stock to another, but that just comes from decades of experience.
Attached Image (click to enlarge)
Click to Enlarge Name: My Stocks Now.png Size: 89 KB
Always a Student, Never a Master - Emulate What Works
  • #8,869
  • Edited 2:09pm Jun 1, 2024 1:48pm | Edited 2:09pm
If you have read my recent posts, you may remember that I was initially using the smSMMS v7.2. for the Triple Threat.

But now, and ONLY for the Triple Threat I reverted back to using an earlier version (smTMMS v5) because it is better suited to me for how I am using it in this instance.

Totally by accident yesterday, I had v7.2 on a chart that was already open, but I wanted to replace it with v5, so opened the Navigator and I dragged v5 on top of v7.2 and then deleted v7.2 from the window. While changing the bar colors I made a mistake, a mistake that I really like and am going to use on all of my Forex charts going forward. See what you think.
Attached Image (click to enlarge)
Click to Enlarge Name: smTMMS v5 Color Chart.png Size: 106 KB

Attached Image (click to enlarge)
Click to Enlarge Name: TT Colored.png Size: 106 KB

Here's how I set the colors and line thicknesses.
Attached Image (click to enlarge)
Click to Enlarge Name: smTMMS 5 Colors.png Size: 25 KB
Here is the smTMMS v5 so you don't have to go hunt it down (the color settings will work on v7.2 also).
Attached File(s)
File Type: mq4 smTMMS Oscillator_v5.0.mq4   14 KB | 816 downloads
Here is my template:
Attached File(s)
File Type: tpl Triple Threat - TMMS Colored.tpl   8 KB | 870 downloads

As is usual, I would like to hear others thoughts and opinions about this.
Always a Student, Never a Master - Emulate What Works
  • #8,870
  • Jun 1, 2024 1:59pm Jun 1, 2024 1:59pm
The Gold is golden RH. Good exit or stay out indi IMO.
  • #8,871
  • Jun 1, 2024 2:21pm Jun 1, 2024 2:21pm
expert RHO-Pro-4.ex4 is not opening on mt4 version 4.00 build 1420
  • #8,872
  • Jun 1, 2024 2:29pm Jun 1, 2024 2:29pm
Quoting maswalty
expert RHO-Pro-4.ex4 is not opening on mt4 version 4.00 build 1420
It works on mine. Did you place it in the Experts folder? It should be in the Indicators folder.
Attached Image (click to enlarge)
Click to Enlarge Name: v4 Working.png Size: 73 KB
Always a Student, Never a Master - Emulate What Works
  • #8,873
  • Jun 1, 2024 6:29pm Jun 1, 2024 6:29pm
When I am day trading I often think of this song from the 1980's.

Inserted Video


"The Gambler" Lyrics

On a warm summer's evening
On a train bound for nowhere
I met up with the gambler
We were both too tired to sleep
So we took turns a-starin'
Out the window at the darkness
The boredom overtook us
And he began to speak
He said, "Son, I've made a life
Out of readin' people's faces
Knowin' what the cards were
By the way they held their eyes
So if you don't mind my sayin'
I can see you're out of aces
For a taste of your whiskey
I'll give you some advice"
So I handed him my bottle
And he drank down my last swallow
Then he bummed a cigarette
And asked me for a light
And the night got deathly quiet
And his face lost all expression
Said, "If you're gonna play the game, boy
You gotta learn to play it right
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
Every gambler knows
That the secret to survivin'
Is knowin' what to throw away
And knowin' what to keep
'Cause every hand's a winner
And every hand's a loser
And the best that you can hope for
Is to die in your sleep"
And when he'd finished speakin'
He turned back toward the window
Crushed out his cigarette
Faded off to sleep
And somewhere in the darkness
The gambler he broke even
But in his final words
I found an ace that I could keep
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
You've got to know when to hold 'em (when to hold 'em)
Know when to fold 'em (when to fold 'em)
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
You've got to know when to hold 'em
Know when to fold 'em
Know when to walk away
And know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
Always a Student, Never a Master - Emulate What Works
  • #8,874
  • Jun 2, 2024 3:08am Jun 2, 2024 3:08am
Quoting RobinHood
{quote} It works on mine. Did you place it in the Experts folder? It should be in the Indicators folder.{image}
Thanks. Working now.
  • #8,875
  • Jun 2, 2024 4:06am Jun 2, 2024 4:06am
Quoting maswalty
{quote} Thanks. Working now.
Heiken Ashi candles look better on chart.
Attached File(s)
File Type: ex4 Heiken Ashi Ma T3 new 2 mtf.ex4   42 KB | 369 downloads
  • #8,876
  • Jun 2, 2024 4:14am Jun 2, 2024 4:14am
Quoting maswalty
{quote} Heiken Ashi candles look better on chart. {file}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
  • #8,877
  • Jun 2, 2024 12:32pm Jun 2, 2024 12:32pm
Quoting maswalty
{quote} Heiken Ashi candles look better on chart. {file}
I tend to agree with you but they don't display in the same way on my stock trading platform as they do on MT4 so I had to quit using them for stocks. You literally cannot see the price move if it is behind the candle body for stocks, whereas with MT4 you can. Then when I would go back to MT4 to trade the Forex I would use them, but switching back and forth between the 2 types of candles confused my eyes and brain. In that I basically I couldn't use them on stocks, I just went back to using only candlesticks for both. Problem solved.

On the left are HA candles for stocks and on the right are the HA candles for MT4.
Attached Image (click to enlarge)
Click to Enlarge Name: HA 2 types.png Size: 89 KB
Always a Student, Never a Master - Emulate What Works
  • #8,878
  • Jun 4, 2024 5:40am Jun 4, 2024 5:40am
Is it possible to have an alert when the SMMA switches from Red/Blue vice versa etc ?

The alerts for now are just the arrows which don't help me, but i would be really helpful if it could give me an alert when it switches color @Swingman

Unless im doing something wrong pls lmk how to switch on those alerts.

Kind regards
Attached Image (click to enlarge)
Click to Enlarge Name: smma.JPG Size: 29 KB
  • #8,879
  • Jun 4, 2024 9:13pm Jun 4, 2024 9:13pm
Please try this setting
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 17 KB
  • #8,880
  • Jun 5, 2024 1:55am Jun 5, 2024 1:55am
New version smTMMS Oscillator_v7.4

Quoting RD12
Is it possible to have an alert when the SMMA switches from Red/Blue vice versa etc ? The alerts for now are just the arrows which don't help me, but i would be really helpful if it could give me an alert when it switches color @Swingman Unless im doing something wrong pls lmk how to switch on those alerts. Kind regards

Hi David,
I remember that you once wrote to take (visual) the white histograms into account in the TMMS oscillator.

@RD12 wanted to mark the color change of the histograms, and here is a version but still without alerts.
You can better judge whether the whole thing makes sense...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.rH1.png Size: 28 KB
Attached File(s)
File Type: ex4 smTMMS Oscillator_v7.4.ex4   49 KB | 782 downloads
3 traders viewing now, 2 are registered:
wxl7015
,