Trading Made Simple(r) | Page 471 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Made Simple 151,874 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)

  • #9,401
  • Jan 11, 2025 3:24pm Jan 11, 2025 3:24pm
Quoting pewebly
I have just combined the smTMMS Oscillator_v7.4 and RHO 6 and you can see the result. Please try and share your feedback. All credits go to @RobinHood and @SwingMan {image} {file}
Hi There nice work with combining the Tmms & RHO it will make things easier on the eyes not having to look at three separate indis to align.
I just have one small issue since you asked for feedback, arent the signals of the histogram supposed to print up blue when all three are aligned and vise versa red down on the histo taking to account also the lower RHO that is set to SMMA ? It might be some error on my part but i am pretty sure i have it setup as it it should.
I really men no disrespect i think its great you coded this for free and for all to use and i am thankfull but since you asked for feedback.
  • #9,402
  • Jan 11, 2025 6:38pm Jan 11, 2025 6:38pm
Quoting Roscearm
{quote} Certainly!! Indicators used: Top window 1. Hull Moving Averages - Length1 - 8, Length2 - 3, Source - close 2. Moving Average Exponential - Length - 5, Source - close, Offset - 2 2nd window 1. Stochastic - K - 14, D - 3, Smooth - 3, Source - close 2. Stochastic - K - 8, D - 3, Smooth - 3, Source - close 3rd window 1. MT4 MACD - Source - close, Fast MA - 12, Slow MA - 26, Signal Length - 9

Not all Heroes wear cap. Thank you for sharing this. Following this thread for days now and reading, difficult has been trying to get a Tradingview replication of the mt4 templates shared. Thanks for this. but my stochastic plane is not looking like yours. I do not have the boxes and my lines do not change. Please can you share what I might be doing wrong or maybe screenshot of your indicator settings. Thank you again,
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 83 KB
  • #9,403
  • Jan 12, 2025 6:44pm Jan 12, 2025 6:44pm
Quoting Roscearm
{quote} Certainly!! Indicators used: Top window 1. Hull Moving Averages - Length1 - 8, Length2 - 3, Source - close 2. Moving Average Exponential - Length - 5, Source - close, Offset - 2 2nd window 1. Stochastic - K - 14, D - 3, Smooth - 3, Source - close 2. Stochastic - K - 8, D - 3, Smooth - 3, Source - close 3rd window 1. MT4 MACD - Source - close, Fast MA - 12, Slow MA - 26, Signal Length - 9

Whats the reasoning behind using 2 stochastics? Im really enjoying this method and want to look at yours. I see you have 2 stochastics but how come 1 is hidden?
Trying to learn how to learn how to teach a robot how to learn
  • #9,404
  • Jan 12, 2025 7:49pm Jan 12, 2025 7:49pm
Quoting RobinHood
{quote} I don't know how to write MT4 code, but I did/do write code in other trading platform's language and I have programed many, many trading systems. In fact, I used to sell them. Most mechanical trading systems are optimized through back-testing to show the best results possible over the past X period of time. Then, based on those past results they are traded going forward. It has been my personal experience that because the future never matches the past that a mechanical trading system's performance typically erodes over time and then they...

More or less just trying to get your attention. I cannot seem to get the RHO indicator to work on mt4. Is it only available on mt5? whenever i download to file and open it in the data source, it adds it to the market drop down in the navigator window, not to the indicator window and i cant figure out why.... Anyone else that has info could help aswell. Thanks all for all your lessons!!!!!!!!!!!!
Trying to learn how to learn how to teach a robot how to learn
  • #9,405
  • Jan 12, 2025 8:53pm Jan 12, 2025 8:53pm
Great start to the trading week.

Monday trades:

NQ +2R - One candle too late but it still worked.
XAU +2R - This one is on demo. The TP did not trigger due to spreads. Should I count as TP or BE. hahaha

Scorecard:
Wins: 6
Loss: 1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB
Click to Enlarge Name: screenshot.png Size: 41 KB
Find a strategy that works consistently and then trading becomes easy.
  • #9,406
  • Jan 12, 2025 9:34pm Jan 12, 2025 9:34pm
Quoting miron7
{quote} Not all Heroes wear cap. Thank you for sharing this. Following this thread for days now and reading, difficult has been trying to get a Tradingview replication of the mt4 templates shared. Thanks for this. but my stochastic plane is not looking like yours. I do not have the boxes and my lines do not change. Please can you share what I might be doing wrong or maybe screenshot of your indicator settings. Thank you again, {image}
Sure, here are my 2 Stoch settings (see screenshot for both).
For Style tab, i have only ticked %k, middle level to 50, Upper and Lower Band Breakout for both. Rest all options are unticked.
For colors, you can configure to your liking.

Hope this helps.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
Click to Enlarge Name: screenshot.png Size: 6 KB
Find a strategy that works consistently and then trading becomes easy.
  • #9,407
  • Jan 12, 2025 9:41pm Jan 12, 2025 9:41pm
Quoting Webb1003
{quote} Whats the reasoning behind using 2 stochastics? Im really enjoying this method and want to look at yours. I see you have 2 stochastics but how come 1 is hidden?
Not too sure on why Stoch is being used. I am just using the methods discussed and the indicators.
Maybe go through couple more pages for more info.
Find a strategy that works consistently and then trading becomes easy.
  • #9,408
  • Jan 13, 2025 3:12am Jan 13, 2025 3:12am
Quoting Roscearm
{quote} Sure, here are my 2 Stoch settings (see screenshot for both). For Style tab, i have only ticked %k, middle level to 50, Upper and Lower Band Breakout for both. Rest all options are unticked. For colors, you can configure to your liking. Hope this helps. {image} {image}
Thank you so very much. Works now. I had a different Stoch indicator(now using the one by Everget). Thank you.
  • #9,409
  • Jan 13, 2025 3:27am Jan 13, 2025 3:27am
Quoting Roscearm
Great start to the trading week. Monday trades: NQ +2R - One candle too late but it still worked. XAU +2R - This one is on demo. The TP did not trigger due to spreads. Should I count as TP or BE. hahaha Scorecard: Wins: 6 Loss: 1 {image} {image}
I wonder if it is smart to trade NQ if US market is still closed and trade gold if no major stock exchange is open.
  • #9,410
  • Jan 13, 2025 3:41am Jan 13, 2025 3:41am
Quoting Roscearm
Great start to the trading week. Monday trades: NQ +2R - One candle too late but it still worked. XAU +2R - This one is on demo. The TP did not trigger due to spreads. Should I count as TP or BE. hahaha Scorecard: Wins: 6 Loss: 1 {image} {image}
another NQ +2R trade today. Again a tad too late for entries, missed few candles due to work.

I would like to thank Robinhood and SwingMan for their wonderful contribution by releasing the methods and indicators. All credits go to them.

You guys should seriously give this method a go. Back test and then forward test.
Try it on the 4H to get the hang of it first. I try trades on both higher timeframes like 4H and Daily and then scalp on 5mins.

Scorecard:
Wins: 7
Loss: 1
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 47 KB
Find a strategy that works consistently and then trading becomes easy.
  • #9,411
  • Jan 13, 2025 3:48am Jan 13, 2025 3:48am
Quoting iwan73
{quote} I wonder if it is smart to trade NQ if US market is still closed and trade gold if no major stock exchange is open.
When you are building a system and want to be as mechanical as possible, you take the trades if the system ticks all boxes. This way you are not expecting the price to go where you want it to go, you just trade what is in front of you.

I like this system as it works for me quite nicely. I trade mainly the Asian and early London session and using this method, there are quite a few opportunities to trade.

you wait for the setup, set stop loss and take profit and close the charts. This method gives that confidence. Give it a go.

BTW, i am sharing the screenshot only to show this strategy/method works and not to brag. If my posting isnt helping others to explore this further, then i'd rather not post at all.
Find a strategy that works consistently and then trading becomes easy.
  • #9,412
  • Jan 13, 2025 4:41am Jan 13, 2025 4:41am
Quoting Roscearm
{quote} When you are building a system and want to be as mechanical as possible, you take the trades if the system ticks all boxes. This way you are not expecting the price to go where you want it to go, you just trade what is in front of you. I like this system as it works for me quite nicely. I trade mainly the Asian and early London session and using this method, there are quite a few opportunities to trade. you wait for the setup, set stop loss and take profit and close the charts. This method gives that confidence. Give it a go. BTW, i am sharing...
Can I just ask why you replaced the RSI from the original method with the Macd?
  • #9,413
  • Jan 13, 2025 11:07am Jan 13, 2025 11:07am
Quoting Roscearm
{quote} When you are building a system and want to be as mechanical as possible, you take the trades if the system ticks all boxes. This way you are not expecting the price to go where you want it to go, you just trade what is in front of you. I like this system as it works for me quite nicely. I trade mainly the Asian and early London session and using this method, there are quite a few opportunities to trade. you wait for the setup, set stop loss and take profit and close the charts. This method gives that confidence. Give it a go. BTW, i am sharing...

Thanks for sharing. It is helpful. I agree, if the model is mechanical then one should execute once all rules are met.

Wanted to ask since you have entry on the m5. what Higher timeframe do you typically use? or do you just stick to only m5. Thanks =

please do not stop sharing very helpful to look at your charts and go and see. Thank you
  • #9,414
  • Jan 13, 2025 4:11pm Jan 13, 2025 4:11pm
Quoting lynnc
{quote}Can I just ask why you replaced the RSI from the original method with the Macd?
I have been using MACD for my previous system as I am comfortable using this indicator with its settings. So, I just replaced RSI with MACD.
MACD blended nicely with this system.
Find a strategy that works consistently and then trading becomes easy.
  • #9,415
  • Jan 13, 2025 4:20pm Jan 13, 2025 4:20pm
Quoting miron7
{quote} Thanks for sharing. It is helpful. I agree, if the model is mechanical then one should execute once all rules are met. Wanted to ask since you have entry on the m5. what Higher timeframe do you typically use? or do you just stick to only m5. Thanks = please do not stop sharing very helpful to look at your charts and go and see. Thank you
As mentioned in my earlier posts, I do look for setups on the 4H and the Daily.

I do like to scalp and I think 5mins is working nicely for me. So I am basically trying both HTF and LTF trades using the same logic. But I think RobinHood prefers the system to be used on HTF, so please try the HTF first until you gain confidence before you go for LTF setups.

Below are few trades from the HTF (mainly 4H). Few are on Demo and few from real accounts.

The indicator settings remain the same. This system works on all timeframes and probably all markets.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
Click to Enlarge Name: screenshot.png Size: 42 KB
Click to Enlarge Name: screenshot.png Size: 44 KB
Click to Enlarge Name: screenshot.png Size: 44 KB
Click to Enlarge Name: screenshot.png Size: 49 KB
Find a strategy that works consistently and then trading becomes easy.
  • #9,416
  • Jan 13, 2025 4:39pm Jan 13, 2025 4:39pm
Quoting Roscearm
{quote} I have been using MACD for my previous system as I am comfortable using this indicator with its settings. So, I just replaced RSI with MACD. MACD blended nicely with this system.
Good reasons thank you for your explanation.
  • #9,417
  • Jan 13, 2025 5:37pm Jan 13, 2025 5:37pm
Posting this for transparency. Loss on EURUSD -1R

Maybe good idea to wait for both Stoch to be below 50 for the trade to work out.

Scorecard:
Wins: 7
Loss: 2
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
Find a strategy that works consistently and then trading becomes easy.
  • #9,418
  • Jan 14, 2025 12:47am Jan 14, 2025 12:47am
Quoting Roscearm
{quote} As mentioned in my earlier posts, I do look for setups on the 4H and the Daily. I do like to scalp and I think 5mins is working nicely for me. So I am basically trying both HTF and LTF trades using the same logic. But I think RobinHood prefers the system to be used on HTF, so please try the HTF first until you gain confidence before you go for LTF setups. Below are few trades from the HTF (mainly 4H). Few are on Demo and few from real accounts. The indicator settings remain the same. This system works on all timeframes and probably all markets....
Thank you so much
  • #9,419
  • Jan 14, 2025 1:57am Jan 14, 2025 1:57am
EU Jan14 at Frankfurt Open hour

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan14 FO M5 w D1 14-1-2025 3-55-52 pm.png Size: 50 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #9,420
  • Jan 14, 2025 3:13am Jan 14, 2025 3:13am
Quoting emmanuel7788
EU Jan14 at Frankfurt Open hour {image} ...
EU Jan 14 London Open

- Daily sell continuation
- M5 sell London 9am

Attached Image (click to enlarge)
Click to Enlarge Name: EU Jan14 LO m5 sell 14-1-2025 5-10-53 pm.png Size: 50 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
8 traders viewing now, 1 is registered: