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

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Trading Made Simple(r)

  • #8,961
  • Jul 8, 2024 1:08am Jul 8, 2024 1:08am
Quoting RobinHood
I feel that I have given so much to this thread over 5 plus years by way of sharing my nearly 40 years+ of trading experience...and all for free, experience that cost me well over 500k USD (decades ago) with trading mentors, courses, and the such, and with very little appreciation from most who visit here for the most part, relatively speaking, that I will no longer post here until something changes for the better. For example, people private message me all the time asking for my help and advice and then they don't even have the decency to reply...
Hi RobinHood,

It is a real shame that you have been driven to make such a decision, but I totally understand where you are coming from.
I am new to this thread so have not been part of the journey since the beginning. The little bit over the past week your posts have already helped more than can be put into words. THANK YOU. I've had a couple of successes with your system so far, the losses were my own stupidity (mostly not following the rules and emotion taking over). Overall I like the system and for what it is worth just want to say, thank you.

I do hope we have not lost a good man permanently (the world has so few of them these days it seems).

Regards
Johan
  • #8,962
  • Jul 12, 2024 12:05pm Jul 12, 2024 12:05pm
Quoting RobinHood
I feel that I have given so much to this thread over 5 plus years by way of sharing my nearly 40 years+ of trading experience...and all for free, experience that cost me well over 500k USD (decades ago) with trading mentors, courses, and the such, and with very little appreciation from most who visit here for the most part, relatively speaking, that I will no longer post here until something changes for the better. For example, people private message me all the time asking for my help and advice and then they don't even have the decency to reply...
Dear RobinHood, I can't speak for everyone, but your advice has been incredibly valuable to me. Your forex system has helped me refine my trading method, and your stock market strategy has helped me achieve excellent results.

Thank you so much for your contribution to this thread. Others may not appreciate your altruism, but be sure that everyone who have heart and soul are grateful to you.
  • #8,963
  • Jul 15, 2024 8:50am Jul 15, 2024 8:50am
Anyone tested RHO method on H4? I've been backtesting and it works well but need to have large SL size (below-above all MA lines) anyone doing the same rn?
  • #8,964
  • Jul 16, 2024 3:34am Jul 16, 2024 3:34am
Quoting RobinHood
{quote} TC2000 does not have a SMMA (see the chart below), I recreated it by using the EMA with the settings of 22 and 26. It only says SMMA on my chart because I typed it there as to be a reminder to me as to what it is. I use 4 different trading platforms and it's easy for things to get confusing when switching back and forth between them. {image} Notice in the lower right corner where I typed "RHO2 SMMA" in as a name. You can label an indicator anything you want to in TC2000. {image}
does tc2000 gives accurate data. many reviews on wardon.com are about tc2000 don't give correct forex data?
  • #8,965
  • Jul 18, 2024 2:02am Jul 18, 2024 2:02am
I am using this system as outlined in post #1, and have found it to be the (for me) the best system I have tried in years of trying to figure FX trading out. I am now consistently having more winners than losers.
Big thanks to RobinHood
  • #8,966
  • Jul 23, 2024 1:11pm Jul 23, 2024 1:11pm
THANK YOU
THANK YOU
THANK YOU
My sincere appreciation goes to you @Robinhood, Emmanuel, Swingman and etc.
This trading methods as outline has helped me again and again. thank you Grandpa (Robinhood)
Just my sincere appreciation - "Always emulate what works"
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  • #8,967
  • Jul 23, 2024 2:47pm Jul 23, 2024 2:47pm
@RobibHood I also want to thank you very much, you can't even imagine how much you've helped me.
  • #8,968
  • Jul 24, 2024 7:52pm Jul 24, 2024 7:52pm
Hello everyone, it's a pleasure to be here, thank you Robin Hood for your page one template today I had this trade in the AU +30Pips 1:2 in my demo account thanks man I will be following your template one rules, any advice is welcome
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  • #8,969
  • Jul 25, 2024 3:27am Jul 25, 2024 3:27am
@Robinhood, thank you for helping my struggles. Please do not be offended with my appreciation. i have never had this confidence with losing and high winning mentality all these years have been locked with Forex. I woke up this morning again to see an amazement on a single thread line of winning. Though, i am still struggling with managing and exiting trades, at least, i am a little bit closer. Thank you very much.
I want to use this as a reminder to myself that God sent His Guardian Angel through you(most especially), Swingman _ golden cross concept and Emmanuel LWMA 5s. My prayer for you all is God showers more blessings on all your endeavours.
THANK YOU!!!
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  • #8,970
  • Jul 26, 2024 10:21am Jul 26, 2024 10:21am
Now I have converted to MT5 because I was fed up with Mt4 keep freezing....

Has anyone converted, or can they convert, the RHO-pro indicators to MQ5 ??
  • #8,971
  • Jul 26, 2024 8:24pm Jul 26, 2024 8:24pm
Quoting sj9bp20
Now I have converted to MT5 because I was fed up with Mt4 keep freezing.... Has anyone converted, or can they convert, the RHO-pro indicators to MQ5 ??
you can resolve why your mt4 freezing problem,

most often freezing is caused by some poorly coded custom indicators with calls to other custom indicators

one way to resolve the problem is install a fresh instance of MT4 without all the custom indicators, you will see how fast it loads and starts,

then add to your MT4 folders only those custom indicators you would be using for trading.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,972
  • Jul 27, 2024 3:30am Jul 27, 2024 3:30am
Quoting emmanuel7788
{quote} you can resolve why your mt4 freezing problem, most often freezing is caused by some poorly coded custom indicators with calls to other custom indicators one way to resolve the problem is install a fresh instance of MT4 without all the custom indicators, you will see how fast it loads and starts, then add to your MT4 folders only those custom indicators you would be using for trading. ...
It freezes because its 16 bit technology trying to run 27 charts with a few simple indicators....

Big powerful computers are no help due to the huge limitations of the 16 bit framework.
  • #8,973
  • Jul 27, 2024 4:19am Jul 27, 2024 4:19am
Quoting sj9bp20
{quote} It freezes because its 16 bit technology trying to run 27 charts with a few simple indicators.... Big powerful computers are no help due to the huge limitations of the 16 bit framework.

I solved that same problem you have today ... 15 years ago.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #8,974
  • Jul 27, 2024 5:29am Jul 27, 2024 5:29am
Hi Swingman
thanks for your help on this forum.
is it possible to add arrow and alert to this Blau smi and smTMSS oscillator crosses
its two different indicators.its more visible Smi to the default one on SMTMSS oscillator when trading with tripple threat.
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 smTMMS Oscillator_v7.3.1.mq4   27 KB | 493 downloads
File Type: ex4 Blau - smi averages(mtf + alerts +fl).ex4   176 KB | 403 downloads
  • #8,975
  • Aug 5, 2024 3:14pm Aug 5, 2024 3:14pm
I have been a long time lurker (since 2003) and recently decided to join ForexFactory.

I like the simplicity of this method, so I started with the TMS system.

I set up Forex Tester and simulated a year and a half worth of trading. Though the winning trades to losing trades ratio was more than 50%, it really depends on your risk management (stop loss, number of lots, take profit strategy). With testing a higher stop loss strategy (above near by resistance for sells, below near support for buys), the account balance came out to be even.

A couple of hypothesis I will be testing soon
- Only take the trades in the direction of the trend (use another indicator - dont block me yet!)
- Use ATR based Stop loss and Take profits (take the subjectivity out of setting stop losses and take profits)

If folks are interested I can post the trading history and the simulation results.

Next, I tried with a demo account. First I made plenty of mistakes setting up the platform and taking some trades on H1. But lo and behold, the market just started trending all in the right direction. With some loose risk management (10% of account on each trade), I was able to make ~3000 on a 10000 account.

Learnings
1. There is something here that can be built into a rules based trading system
2. Rigorous back testing needed to gain experience in all market conditions
3. Correlated pairs (like All JPY pairs this past week) trading involves an added risk. how to pick the best one?
4. GBP pairs generally move a lot and need higher stop losses and a mind of steel
  • #8,976
  • Aug 5, 2024 6:30pm Aug 5, 2024 6:30pm
Hello RobinHood

I think it's safe to say i've been lurking from january 2024 and until now i've read every single post, taking notes and all that.

I opened a demo account on fxpro to try the methods here. I've been having a hell lot of questions but my way to learn is to figure it out by myself by trying, making mistakes, and learning from it. Been tempted to ask but all your posts are so simple and easy to understand.

Since mid july i've been having consistent wins like in the file attached, wins outnumber the losses by a lot, and by the next 2 months i will open my first real account. I even learned a small bit of coding and was able to edit your original templates to create a mix between the #1 method and the triple threat and man, it's been giving me the best results. My favorite takes from you are "start off by trading small" and "emulate what works".

Sincerely, thanks for your time and sharing your knowledge. Your decades of experience are invaluable, and im really happy you decided to share it for free. Wish you and your family all the best.
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  • #8,977
  • Aug 6, 2024 1:29am Aug 6, 2024 1:29am
Quoting StonebankS1
Hello RobinHood I think it's safe to say i've been lurking from january 2024 and until now i've read every single post, taking notes and all that. I opened a demo account on fxpro to try the methods here. I've been having a hell lot of questions but my way to learn is to figure it out by myself by trying, making mistakes, and learning from it. Been tempted to ask but all your posts are so simple and easy to understand. Since mid july i've been having consistent wins like in the file attached, wins outnumber the losses by a lot, and by the next 2...

Your post is inspiring. Can you share your template with us?
  • #8,978
  • Aug 10, 2024 2:49pm Aug 10, 2024 2:49pm
Quoting sj9bp20
{quote} One of my favourites is to use the Hull MA. Settings are shown. {image} Another option which works better above M30 is to use a channel made of 20sma high and 20sma low. If price closes through the channel, exit. Its not so good below M30 or even H1 but maybe a different sma period would be ok. {image}

Hi, your chart looks really good, would,you post a template and the indicators please, Thankyou
  • #8,979
  • Aug 10, 2024 2:55pm Aug 10, 2024 2:55pm
Quoting toosin_alade
@Robinhood, thank you for helping my struggles. Please do not be offended with my appreciation. i have never had this confidence with losing and high winning mentality all these years have been locked with Forex. I woke up this morning again to see an amazement on a single thread line of winning. Though, i am still struggling with managing and exiting trades, at least, i am a little bit closer. Thank you very much. I want to use this as a reminder to myself that God sent His Guardian Angel through you(most especially), Swingman _ golden cross concept...

Hi, I like the look and layout of your chart, please could you post the indicators and template please, thankyou
  • #8,980
  • Aug 10, 2024 3:19pm Aug 10, 2024 3:19pm
Quoting bountintern
{quote} Hi, your chart looks really good, would,you post a template and the indicators please, Thankyou

The chart is posted by Robin Hood
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