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Trading Made Simple(r)

  • #10,161
  • Apr 2, 2025 6:53am Apr 2, 2025 6:53am
@Roscearm - Many thanks for sharing your charts. I found your post # 10070 which describes your RSI settings, but not the length of the RSI Average ? Unless of course the length of 8 applies to the original RSI and then it is an 8-Period moving average of that RSI for the white line. Any insight would be appreciated, thanks.
  • #10,162
  • Apr 2, 2025 4:04pm Apr 2, 2025 4:04pm
Quoting rogerha
@Roscearm - Many thanks for sharing your charts. I found your post # 10070 which describes your RSI settings, but not the length of the RSI Average ? Unless of course the length of 8 applies to the original RSI and then it is an 8-Period moving average of that RSI for the white line. Any insight would be appreciated, thanks.
This is what I am using.
Nothing fancy
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Find a strategy that works consistently and then trading becomes easy.
  • #10,163
  • Apr 2, 2025 4:07pm Apr 2, 2025 4:07pm
Quoting Webb1003
{quote} Damn when your looking at that chart it's almost like the RSI crossing the average white line is the signal and the two stochastics are the strength of that signal. Example: RSI crosses white line, stochastics turn blue and green. Or RSI crosses white line down, stochastics turn orange red. The closer the stochastics are together the better. If ones sitting on top of the other that's even better.
you don't say

I have mentioned before and even RH has mentioned this repeatedly, spend time on the charts, it will reveal itself on what works and what doesn't.
Find a strategy that works consistently and then trading becomes easy.
  • #10,164
  • Apr 2, 2025 6:24pm Apr 2, 2025 6:24pm
Quoting sh3rs1t
{quote} Dear Mr Roscearm, appreciate for your kind response. I'm trying to set that up all on MT4. please kindly check is my setting is okay? i set the EMA 5 shift 2 just like RH mentioned on this thread previously. {image} {image} {image} thank you again, really looking forward to be as consistent as you and the rest of the team on this amazing thread. have a nice day.
Looks correct mate.
Just do this one minor tweak on the Stochs: for the %K, change the color to none. Once done on both Stochs, you should have just the 2 lines for %D.
Those dotted lines will be gone. It will be much cleaner and easier to read that way.
Find a strategy that works consistently and then trading becomes easy.
  • #10,165
  • Apr 3, 2025 2:27am Apr 3, 2025 2:27am
Here is a trade I took for 2R
AudNzd 12h
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  • #10,166
  • Apr 3, 2025 3:38am Apr 3, 2025 3:38am
Hi everyone,
I’m new to the forum (though not to trading), and I just wanted to thank you all for the insights and details you’ve shared with the sole purpose of helping the community. That’s pretty rare these days, and it’s really appreciated.
I already use a few strategies in my portfolio, but I find this one particularly interesting—it offers great diversification.
I’ve been going back to the basics of TMS for the past 3 or 4 days, and I’ve noticed that many of you have made some changes to the original method (at least from what it looks like).
Is there any consensus today on what’s considered the best evolution or version of it compared to the 2019 posts?
Big thanks again for your help!

shizuka
  • #10,167
  • Apr 3, 2025 5:27am Apr 3, 2025 5:27am
Quoting ShizukaFx
Hi everyone, I’m new to the forum (though not to trading), and I just wanted to thank you all for the insights and details you’ve shared with the sole purpose of helping the community. That’s pretty rare these days, and it’s really appreciated. I already use a few strategies in my portfolio, but I find this one particularly interesting—it offers great diversification. I’ve been going back to the basics of TMS for the past 3 or 4 days, and I’ve noticed that many of you have made some changes to the original method (at least from what it looks like)....
Since learning these methods I have now received 2 payouts and scaled my propfirm account. I can also say its a really easy way of trading. No need for Extreme analysis. Just some basics and then u wait for the indicators to give u the trigger. Keep it Simple.
  • #10,168
  • Apr 3, 2025 4:10pm Apr 3, 2025 4:10pm
Quoting MaDxPT
{quote} Since learning these methods I have now received 2 payouts and scaled my propfirm account. I can also say its a really easy way of trading. No need for Extreme analysis. Just some basics and then u wait for the indicators to give u the trigger. Keep it Simple.
Wow!! Congratulations mate!!

what an inspiration!
Find a strategy that works consistently and then trading becomes easy.
  • #10,169
  • Apr 3, 2025 6:15pm Apr 3, 2025 6:15pm
Quoting ShizukaFx
Hi everyone, I’m new to the forum (though not to trading), and I just wanted to thank you all for the insights and details you’ve shared with the sole purpose of helping the community. That’s pretty rare these days, and it’s really appreciated. I already use a few strategies in my portfolio, but I find this one particularly interesting—it offers great diversification. I’ve been going back to the basics of TMS for the past 3 or 4 days, and I’ve noticed that many of you have made some changes to the original method (at least from what it looks like)....
Since learning the methods kindly provided by Robinhood, am now a funded trader with FTMO where I have stayed with the template from page 1 and received 2 payouts to date

Thanks again RobinHood
  • #10,170
  • Apr 3, 2025 7:03pm Apr 3, 2025 7:03pm
Quoting MaDxPT
{quote} Since learning these methods I have now received 2 payouts and scaled my propfirm account. I can also say its a really easy way of trading. No need for Extreme analysis. Just some basics and then u wait for the indicators to give u the trigger. Keep it Simple.
CONGRATS!!! Im hoping to get there myself soon!!! Great work yo great work!!!!!!!!!!

What prop firm are you doing this with?
Trying to learn how to learn how to teach a robot how to learn
  • #10,171
  • Apr 4, 2025 11:39am Apr 4, 2025 11:39am
Quoting MaDxPT
{quote} Since learning these methods I have now received 2 payouts and scaled my propfirm account. I can also say its a really easy way of trading. No need for Extreme analysis. Just some basics and then u wait for the indicators to give u the trigger. Keep it Simple.
This is inspiring and massive, Congratulations brother. Please I've couple of questions to ask. How Many trade did you take per day and what's your RR, What session did you trade?
  • #10,172
  • Apr 4, 2025 11:40am Apr 4, 2025 11:40am
Quoting SF422
{quote} Since learning the methods kindly provided by Robinhood, am now a funded trader with FTMO where I have stayed with the template from page 1 and received 2 payouts to date Thanks again RobinHood
Wow, congratulations.
  • #10,173
  • Apr 4, 2025 3:24pm Apr 4, 2025 3:24pm
Quoting SF422
{quote} Since learning the methods kindly provided by Robinhood, am now a funded trader with FTMO where I have stayed with the template from page 1 and received 2 payouts to date Thanks again RobinHood
What timeframe do you use?

And congrats
  • #10,174
  • Apr 4, 2025 8:33pm Apr 4, 2025 8:33pm
Quoting CogAlpha
{quote} What timeframe do you use? And congrats

Read the OP' post #1.

Since you claimed to be profitable trading retail forex for 10 years, the answer should be obvious when you have read all the OP's posts in the first "25 pages".



quote post#1
----------------------

Templates:

# 1 (Used on 4 Hour, Daily, Weekly and Monthly Charts)

# 2 (Used on 1 Hour and Lower Time Frame Charts)

* The only difference between the two templates is that Template # 2 includes a market Open and Close times indicator, which would mainly be used for intraday trading. Mine are preset with the London Open and Close times and the U.S. Open and Close times (based on Eastern Standard Time). They can easily be edited to suit your preferences and time zone. I like being able to visually see when different markets open and close.

* Personally, I only trade 4 hour charts and daily charts and I only use Template # 1.

----------------------


attached here is RobinHood' page 1

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File Type: pdf Trading Made Simple(r) _ Forex Factory Page1.pdf   741 KB | 441 downloads



..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,175
  • Apr 4, 2025 8:35pm Apr 4, 2025 8:35pm
Quoting SF422
{quote} Since learning the methods kindly provided by Robinhood, am now a funded trader with FTMO where I have stayed with the template from page 1 and received 2 payouts to date Thanks again RobinHood

@SF422



You are one of the very rare 1%.

I know 9 other FFAI funded account traders.

...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,176
  • Apr 4, 2025 11:40pm Apr 4, 2025 11:40pm
Hello all! Thank you for all the great sharings and knowledge. I am learning so much from this thread and currently back testing the setup from the original setup (Page @robinhood).

I have a question: How are you reading the two Stochastic lines?

I understand that blue / green and above the purple-50 line means bull ; orange / yellow plus below purple means bear. HOWEVER, in my back tests on XAUUSD H1 pair (of over 80 trades so far) - the two lines are almost useless in detecting a switch of trend. We would have get stopped out of our trades most of the time with the two lines still in favor color and position.

Is there something I am missing?

Thanks in advance and appreciate your input.
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  • #10,177
  • Apr 4, 2025 11:55pm Apr 4, 2025 11:55pm
many similar setup this week.
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  • #10,178
  • Apr 5, 2025 3:06am Apr 5, 2025 3:06am
Quoting CogAlpha
{quote} What timeframe do you use? And congrats
Cheers thanks
I trade the daily and 4H timeframes
Vast majority of the trades are 4H - have alarm set 5mins before the 4H Close with a laptop in the vechile when Im not home.
Usually the only unchecked candle close is the one when im sleeping, easy.
  • #10,179
  • Apr 5, 2025 4:18am Apr 5, 2025 4:18am
Was a busy day yday with trading

NAS 3x2R and 1x-1R

Gold 2x2R - Missed major major down move. Lucky you NY traders.
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Find a strategy that works consistently and then trading becomes easy.
  • #10,180
  • Apr 5, 2025 4:49am Apr 5, 2025 4:49am
Quoting CogAlpha
{quote} What timeframe do you use? And congrats
Hey Cog by any chance have you already posted an indicator for this thread strategy?
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