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RSS (Ridiculously Simple System)

  • #621
  • Mar 31, 2023 2:26pm Mar 31, 2023 2:26pm
Quoting OlehTrader
Hello Drewas ! I have a question for you How to calculate the size of the stop loss for highly volatile instruments such as dax and gold, because 50 pips will not be enough? Maybe 50% of ADR?
I dont trade dax or gold but maybe at last 3 yellow semaphores.
We're all just one trade away from humility.
  • #622
  • Mar 31, 2023 7:17pm Mar 31, 2023 7:17pm
Quoting Jinch
Took this sell trade on EURUSD on the 28th. Cyan line indicates where I placed the trade. Red horizontal line is the strike price. Reasons to enter: - the yellow sun had appeared a couple of candles before (it's now repainted so much it's gone off the screen) - candles turned red - TDR green dropped through TDR red - plenty of room for price to drop before it reached any SMAs - inside LO to NY close trading period However, price continued to rise and is still doing so 2 days later. Was this just a trade that went against me, or did I miss a rule...
Hey Jinch,

Sometimes trades just don't work out.

That trade seems valid as per the rules, on that occasion price didn't continue through MACD 0 before continuing up and creating a new high and so new yellow 3 semaphore.

This is where your stop loss and trade management comes in.

There's a high probability it would go through MACD 0 as per the subsequent 3 times a new yellow 3 semaphore formed but no guarantees.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd310423.png Size: 34 KB
We're all just one trade away from humility.
  • #623
  • Apr 1, 2023 6:28am Apr 1, 2023 6:28am
I actually traded that last 3 semaphore yesterday.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Was one of the trades I took. 50 - 60 Pips available had i been able to monitor the position but closed happy with 23 pips.

Similar trades also on EURJPY and GBPUSD also yesterday.
We're all just one trade away from humility.
  • #624
  • Apr 4, 2023 10:05am Apr 4, 2023 10:05am
Hi Drewas, I just saw this thread today. I have used TMS before with no much success. Will read the old posts and give this a try. Thank you for keeping the thread alive over the years.
BTW why did you move to MT5 from MT4? any special reason?
  • #625
  • May 24, 2023 3:29pm May 24, 2023 3:29pm
Quoting Drewas
I actually traded that last 3 semaphore yesterday. {image} {image} Was one of the trades I took. 50 - 60 Pips available had i been able to monitor the position but closed happy with 23 pips. Similar trades also on EURJPY and GBPUSD also yesterday.
Hey Drewas, thanks for this system. seems simple and clear. i have applied the available indicators but my charts don't print yellow last (3) can see pink and bluish only. is there any other indicator am missing? thank you
  • #626
  • Jun 5, 2023 12:35am Jun 5, 2023 12:35am
Hey Drewas! thanks for this man!!
i was wondering cause i had to switch to mt5 are there mt5 indicators for this system or tradingview?
thank you so much hope you are well buddy!
  • #627
  • Edited 5:46am Jun 6, 2023 5:19am | Edited 5:46am
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 24 KB

Overall Sentiment is against aud usd but lets see
Bollinger Bands set to 100 and deviation 2
  • #628
  • Jun 6, 2023 5:47am Jun 6, 2023 5:47am
Quoting 29071989
Hey Drewas! thanks for this man!! i was wondering cause i had to switch to mt5 are there mt5 indicators for this system or tradingview? thank you so much hope you are well buddy!
They are in the clip check above
  • #629
  • Oct 25, 2023 8:43pm Oct 25, 2023 8:43pm
Attached Image (click to enlarge)
Click to Enlarge Name: audusd251023.png Size: 57 KB


A trade from yesterday. All the usual rules. Traded away from yellow semaphore.Entered around the TDI cross MACD went through 0.

The yellow lines are fibonacci levels which I have been playing with recently notice how the price stalls at these levels.

I could have / should have held on as price went down to the 100 Fib level. I exited at 45 pips after new smaphore 3 formed and price stalled around 61 fib.


Attachment g
We're all just one trade away from humility.
  • #630
  • Edited Oct 30, 2023 6:48am Oct 29, 2023 10:52am | Edited Oct 30, 2023 6:48am
Quoting Drewas
{image}...... All the usual rules. Traded away from yellow semaphore.Entered around the TDI cross MACD went through 0....
Thanks Drewas for your continuous support. But usual rules? I thought (post1) to enter at close of candle once semaphore has occurred and to get out of the trade quickly, if not confirmed by a (later) TDI crossing. Have I got this wrong?

Thanks
  • #631
  • Feb 19, 2024 10:34am Feb 19, 2024 10:34am
After more than 10 years everybody left the building? What a pity!
  • #632
  • May 18, 2024 1:04am May 18, 2024 1:04am
Attached Image (click to enlarge)
Click to Enlarge Name: 17May.png Size: 28 KB


Still trading this way. Works for me.

Above is one of my trades from Friday.
We're all just one trade away from humility.
  • #633
  • May 18, 2024 2:34am May 18, 2024 2:34am
Drewas, your loyalty to a trading strategy over the years is amazing as it is commendable
Fred
  • #634
  • May 18, 2024 6:58am May 18, 2024 6:58am
Quoting Chronus
Drewas, your loyalty to a trading strategy over the years is amazing as it is commendable

Like many i swapped and changed systems at the start of my trading until I found the trading made simple thread. Adjusted it for what made sense to me and traded it until I was profitable. A lot of good systems work if applied correctly, now im hesitant to change or add too much to the system as it just works for me.

No real need to post continually because it hasnt really changed. I work so is a side hustle for me.
We're all just one trade away from humility.
  • #635
  • Edited 6:46am Aug 1, 2024 6:23am | Edited 6:46am
So having more time on my hands than expected have been playing with developing a scalping system based around RSS.

Main difference is have ditched the TDi and am now just using MACD and RSi which is used only to give an oversold or overbought level on the macd.


So rules are the same pretty much take trades away from 3 Semaphore after cross of MACD lines when above or below 80 overbought or 20 oversold level.

Have tested and took my first live trade with it today on GBP/JPY this morning for 30pips.

Notice this is on the 1 minute chart so adjust stop losses and take profit expectations as necessary. This is scalping so 5pips per trade is a win and anything additional is a bonus for me.

This trade was taken against the higher time frame trend but testing has shown that provided you take the trade following the roles pips can be mad. As always do your own testing.


Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB



Attached Image (click to enlarge)
Click to Enlarge Name: updated 2024-08-01 122503.png Size: 34 KB



Indicators Used:-

Attached File(s)
File Type: ex5 MQLTA MT5 MACD With Alert.ex5   47 KB | 294 downloads

Attached File(s)
File Type: mq5 MQLTA MT5 MACD With Alert.mq5   13 KB | 271 downloads

Attached File(s)
File Type: ex5 MQLTA MT5 RSI With Alert.ex5   44 KB | 278 downloads

Attached File(s)
File Type: mq5 MQLTA MT5 RSI With Alert.mq5   12 KB | 297 downloads

Attached File(s)
File Type: ex5 FXSSI.TradingSessions.ex5   101 KB | 253 downloads

Attached File(s)
File Type: ex5 Heiken_Ashi.ex5   7 KB | 247 downloads

Attached File(s)
File Type: ex5 Chaos_Semafor.ex5   42 KB | 272 downloads

Attached File(s)
File Type: ex5 MQLTA MT5 Support Resistance Lines.ex5   41 KB | 279 downloads
We're all just one trade away from humility.
  • #636
  • Aug 3, 2024 4:51pm Aug 3, 2024 4:51pm
Thanks for the update Drewas (and the attachments)! Although I`m a little surprised. Is it only because you wanted to trade shorter TF - or did the original setup lose its effectiveness?

Thanks
  • #637
  • Oct 7, 2024 4:20pm Oct 7, 2024 4:20pm
Any further update, Drewas?

Thanks again
  • #638
  • Oct 12, 2024 10:22am Oct 12, 2024 10:22am
Quoting Drewas
So having more time on my hands than expected have been playing with developing a scalping system based around RSS. Main difference is have ditched the TDi and am now just using MACD and RSi which is used only to give an oversold or overbought level on the macd. So rules are the same pretty much take trades away from 3 Semaphore after cross of MACD lines when above or below 80 overbought or 20 oversold level. Have tested and took my first live trade with it today on GBP/JPY this morning for 30pips. Notice this is on the 1 minute chart so adjust...

Hey Drewas,
would you mind sharing your MACD/RSI Settings?
I can't get it look like yours on my charts....
  • #639
  • Jan 1, 2026 3:28am Jan 1, 2026 3:28am
Quoting Forex37
After more than 10 years everybody left the building? What a pity!
And nobody returned .... not even at X-mas or for New Year`s Eve!

All the best to all of you
  • #640
  • Jan 1, 2026 9:27am Jan 1, 2026 9:27am
Any further update, Drewas?

Thanks
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