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Trading Made Simple(r)

  • #9,841
  • Feb 26, 2025 6:15pm Feb 26, 2025 6:15pm
Quoting CogAlpha
Hey Guys! I have created a Script using RobinHood's Teachings. At least thats my Version of it. https://www.tradingview.com/script/L...TMS-Crossfire/ {image} Enjoy!
That's well done!, however you did not include the 3 ema which is a very important requirement in my opinion.
Always a Student, Never a Master - Emulate What Works
  • #9,842
  • Feb 26, 2025 7:22pm Feb 26, 2025 7:22pm
Quoting Roscearm
{quote} refer to this image from RH, all your questions will be answered in terms of setup on multi timeframe using the same simple concept. {image}
Hi Rosce - thank you for your reply! From this picture, would you say that we identify the trends in M5 / D1 timeframes with
1) consecutive candles in one color
2) HMA green / red and have already crossed EMA

Or would be great to hear how you personally identify it from a higher TF. thank you!
  • #9,843
  • Feb 26, 2025 9:14pm Feb 26, 2025 9:14pm
Quoting lyj00088
{quote} Hi Rosce - thank you for your reply! From this picture, would you say that we identify the trends in M5 / D1 timeframes with 1) consecutive candles in one color 2) HMA green / red and have already crossed EMA Or would be great to hear how you personally identify it from a higher TF. thank you!
All answered in this post https://www.forexfactory.com/thread/...mpler?page=476 Post 9511
Find a strategy that works consistently and then trading becomes easy.
  • #9,844
  • Feb 26, 2025 9:37pm Feb 26, 2025 9:37pm
Quoting Roscearm
{quote} All answered in this post https://www.forexfactory.com/thread/...mpler?page=476 Post 9511
Thank you and well noted.
  • #9,845
  • Feb 26, 2025 9:55pm Feb 26, 2025 9:55pm
Took the GBPUSD long this morning and got out 2 candles later with -0.7R

All indicators work out, D1 on a continuation long trend, so I thought I can go in for a continuation trade. Think it does not break out of ranging this time.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 35 KB
  • #9,846
  • Feb 27, 2025 1:07am Feb 27, 2025 1:07am
Congratulations to Robinhood on starting this awesome thread !

I have been going through the thread and trying to absorb as much as i can. Kudos to all contributors who make this an amazing strategy !

Looking forward to learning and growing along side the other members here.

Hitesh
  • #9,847
  • Feb 27, 2025 1:37am Feb 27, 2025 1:37am
Quoting Roscearm
Thank you RobinHood & SwingMan. I have been following this thread for the past couple of days. I like the simplicity of this trading method and i wanted to share the screenshot of a trade taken using this method. I am sharing the TradingView screenshot which I tried to replicate for the MT4 indicators. I have a similar setup on MT4 with the indicators/template share on this thread by RobinHood and SwingMan. To explain the trade: 1. The HMA candle...
Hi Aussie friend.
I have 2 questions:
can u please share the Trading view template for that set-up?
And secondly, I see your awesome performance, what I donīt understand is how do you close your trades. Cause some have a big RR others smaller. Still you say you place the trade and close the chart.
Thanks in advance.
  • #9,848
  • Feb 27, 2025 2:46am Feb 27, 2025 2:46am
Quoting RobinHood
{quote} That's well done!, however you did not include the 3 ema which is a very important requirement in my opinion.
Hey! yea.. I wasnt sure how to put the 3ema into the logic.. and how strict the EMA order has to be for the filtering.
I have coded that the EMA order should be in place for the Trade. The 3EMA would make things difficult on a bit deeper Pullbacks...

Unless you use the 3EMA differently!
  • #9,849
  • Feb 27, 2025 3:42am Feb 27, 2025 3:42am
Please correct me if Iīm wrong, did not take these trades but for learning purposes:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 184 KB
  • #9,850
  • Feb 27, 2025 4:04am Feb 27, 2025 4:04am
Quoting cuchuflito
{quote} Hi Aussie friend. I have 2 questions: can u please share the Trading view template for that set-up? And secondly, I see your awesome performance, what I donīt understand is how do you close your trades. Cause some have a big RR others smaller. Still you say you place the trade and close the chart. Thanks in advance.
Hey buddy, how are you?

can u please share the Trading view template for that set-up?
Here is the link to the template https://www.tradingview.com/chart/BL87KNZz/

And secondly, I see your awesome performance, what I donīt understand is how do you close your trades. Cause some have a big RR others smaller.
I am trying to target 2R. At the start I was not expecting this method to have a good win rate. But I stuck with 2R and still do. As you may have seen from some of my screenshots, few trades have the potential for a bigger RR. I have also mentioned few times in my posts that one day I want to ride a full swing.

Still you say you place the trade and close the chart.
I am online pretty much continuously as I use TV on my work laptop (also have it on my phone). I can monitor the trade continuously if required (of course work comes first). When i say close the chart, i meant that once you take a trade, you can set the SL and TP and be done and let it play out. RH has clearly mentioned where to place the SL. The TP target is up to the individual and in my case I am targeting 2Rs.

if you have any other question, fire away.
Find a strategy that works consistently and then trading becomes easy.
  • #9,851
  • Feb 27, 2025 4:07am Feb 27, 2025 4:07am
Quoting CogAlpha
{quote} Hey! yea.. I wasnt sure how to put the 3ema into the logic.. and how strict the EMA order has to be for the filtering. I have coded that the EMA order should be in place for the Trade. The 3EMA would make things difficult on a bit deeper Pullbacks... Unless you use the 3EMA differently!
check this out from RH

https://www.forexfactory.com/thread/...mpler?page=481 POST 9606
Find a strategy that works consistently and then trading becomes easy.
  • #9,852
  • Feb 27, 2025 4:15am Feb 27, 2025 4:15am
Quoting Roscearm
{quote} check this out from RH https://www.forexfactory.com/thread/...mpler?page=481 POST 9606
Thanks for that!

The problem is the way RH showed and explained doesnt really combine well with the Entries from the Oscillator.
Its basically a similar but yet different Approach on when/how to Enter.

At least from my understanding... but maybe RH has an idea..
  • #9,853
  • Feb 27, 2025 4:17am Feb 27, 2025 4:17am
Quoting Roscearm
{quote} Hey buddy, how are you? can u please share the Trading view template for that set-up? Here is the link to the template https://www.tradingview.com/chart/BL87KNZz/ And secondly, I see your awesome performance, what I donīt understand is how do you close your trades. Cause some have a big RR others smaller. I am trying to target 2R. At the start I was not expecting this method to have a good win rate. But I stuck with 2R and still do. As you may have seen from some of my screenshots, few trades have the potential for a bigger RR....
i did not take this trade but do you see where my 2R would have been, such a tiny shining thingy

And look on what could have been.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
Click to Enlarge Name: screenshot.png Size: 8 KB
Find a strategy that works consistently and then trading becomes easy.
  • #9,854
  • Feb 27, 2025 5:14am Feb 27, 2025 5:14am
Quoting Roscearm
{quote} i did not take this trade but do you see where my 2R would have been, such a tiny shining thingy And look on what could have been. {image} {image}
Hi, which Instrument, time frame and session was that option?
tks
  • #9,855
  • Feb 27, 2025 6:01am Feb 27, 2025 6:01am
Quoting CogAlpha
{quote} Hey! yea.. I wasnt sure how to put the 3ema into the logic.. and how strict the EMA order has to be for the filtering. I have coded that the EMA order should be in place for the Trade. The 3EMA would make things difficult on a bit deeper Pullbacks... Unless you use the 3EMA differently!
As I have said numerous times in the past, there are many, many ways to "show" a Continuation Trade developing, and I even do it several different ways myself.

Regarding using the ema's to show me Continuation Trades, I must first have the ema's in this order:

ema(3) > ema(8) and ema(8) > ema(21) and ema(21) > ema(34) and ema(34) > ema(55) and ema(55) > ema(200)

and then:

The EMA(3) should cross below the EMA(8) (or close to it ) AND it can also cross below the 21, and 34, but not the 55.

Then:

The EMA(3) MUST cross back above the EMA(8) and then when I get a green candle that closes above the 8, I enter just above the high of that candle (Long trades) and I put my Stop just below the most recent swing low.

The yellow dotted line is the 3 ema on the chart below. I think it should be easy to see on the chart below why I said that the 3 ema is very important to use.
Attached Image (click to enlarge)
Click to Enlarge Name: Continuation Trade Examples 2.PNG Size: 21 KB
Always a Student, Never a Master - Emulate What Works
  • #9,856
  • Feb 27, 2025 6:33am Feb 27, 2025 6:33am
As I said just above in Post #9855:

As I have said numerous times in the past, there are many, many ways to "show" a Continuation Trade developing, and I even do it several different ways myself.

So here is another way I do it...
Attached Image (click to enlarge)
Click to Enlarge Name: Apple 2-26-25.png Size: 162 KB
For Short trades, when the 2 thick lines on the upper part of the chart are both red, and Price is below both of them, and then Price goes back above the lower line (but not above the upper red line, and then Price drops back down below the lower red line, that's how I define a Continuation Trade using this trading template.
Always a Student, Never a Master - Emulate What Works
  • #9,857
  • Feb 27, 2025 8:17am Feb 27, 2025 8:17am
Resending some questions that seemed lost in my last post - sorry I'm still in probation period on FF so every reply is lagged.

1. For pairs that move in somewhat correlation, like AUDUSD & NZDUSD or JPY siblings, sometimes we see similar signals after one bar close; do we go in multiple position for each pair, or just go in with one most obvious pair (to control risk)?

2. Does open and close price matter? I know RH did not mention this in his post, but if I want to go long, should I wait for a bar that close above the open? Or it's fine as long as it's a blue HA candle

Thank you for your patience.
  • #9,858
  • Edited 1:28pm Feb 27, 2025 9:31am | Edited 1:28pm
Quoting lyj00088
Resending some questions that seemed lost in my last post - sorry I'm still in probation period on FF so every reply is lagged.
1. For pairs that move in somewhat correlation, like AUDUSD & NZDUSD or JPY siblings, sometimes we see similar signals after one bar close; do we go in multiple position for each pair, or just go in with one most obvious pair (to control risk)?

I only trade what you call "the most obvious pair".

2. Does open and close price matter? I know RH did not mention this in his post, but if I want to go long, should I wait for a bar that close above the open? Or it's fine as long as it's a blue HA candle Thank you for your patience.

I am not sure if you are asking about the day's open and close OR a bar's open and close.

If if you are asking about the day's open and close, the answer is no.

If if you are asking about the bar's open and close, when I get signal to enter, I wait for the bar to close green and I go in just above that (if Long).
Always a Student, Never a Master - Emulate What Works
  • #9,859
  • Feb 27, 2025 9:56am Feb 27, 2025 9:56am
Quoting RobinHood
{quote} 1. For pairs that move in somewhat correlation, like AUDUSD & NZDUSD or JPY siblings, sometimes we see similar signals after one bar close; do we go in multiple position for each pair, or just go in with one most obvious pair (to control risk)? I only trade what you call "the most obvious one". 2. Does open and close price matter? I know RH did not mention this in his post, but if I want to go long, should I wait for a bar that close above the open? Or it's fine as long as it's a blue HA candle Thank you for your patience. I am not sure...
Thank you very much RobinHood for your reply!

This is very clear, for the second question I'm referring to the bar's open and close, so if I want to go long, I can go in after a blue bar even if its close is lower than the open? Ofc like you said numerous times we look for a good entry at M1 / M5 as well.
  • #9,860
  • Feb 27, 2025 3:56pm Feb 27, 2025 3:56pm
Quoting Roscearm
{quote} Well, that long position did not last long. Scorecard: Wins: 41 Loss: 13 {image}
2 trades 2R wins with EUR melting

Scorecard:
Wins: 43
Loss: 13
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 56 KB
Find a strategy that works consistently and then trading becomes easy.
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