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Trading Made Simple 151,880 replies

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

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Trading Made Simple(r)

  • #10,381
  • Edited 1:50pm May 11, 2025 12:44pm | Edited 1:50pm
Trend Analizer Bot
Automatic trading Advisor .This is a free version of the expert Advisor "Trend Analyzer Pro"; the robot is based on 2 strategies: at the intersection of moving averages and Bollinger bands indicator .In the paid version, three strategies are available, which increases profitability several times .Designed for the EURUSD H1 currency pair.It is possible to use it on other tools after optimization.Test only on tick data.

** Does not use such dangerous strategies as martingale, grid, averaging or pyramiding.

**All trades have visible stop loss and take profit .

**It is recommended to use a VPS

** EURUSD traded pair

** Account type Hedging

**The only time frame H1

** Use default settings

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The free version is provided below
{ virus risk deleted by staff }
Slow but sure !!!
  • #10,382
  • May 11, 2025 8:16pm May 11, 2025 8:16pm
Quoting SamIam.
Short taken on the NZDUSD Daily. Weekly bias is bearish and there is a double top on the Daily. All indies align on the Daily as well. {image}

NZDUSD Week 20 Follow-up

- to pick the best A+++ setups ...

- Price and all indies must be align on 3 timeframes,

Weekly
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Daily
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H4

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,383
  • May 11, 2025 9:29pm May 11, 2025 9:29pm
GJ May 12

- this is a no-brainer type top down technical analysis

Weekly
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Daily
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H4
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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,384
  • May 12, 2025 4:55pm May 12, 2025 4:55pm
Quoting SamIam.
{quote} Thanks Johnathan, I understand what you are saying perfectly so english can't be too bad. Yes, I realised once I looked over everything again that I had been far too quick to jump in. This is something I am struggling with, patience. I have a habit of jumping in before I should. Thankfully it is just a demo account. I definitely won't be going live until I have sorted my own trading psychology out. Easier said than done though. Thanks to Emmanuel and CogAlhpha's advice, I have whittled my watchlist down to just major pairs and I have...
If I can take this opportunity to provide my thoughts, I'd suggest you to spend more time on the charts studying it. Study the indicators, how they react at price levels, on different timeframes. Study the indicators one by one rather than relying on the template as a whole. Once you get to know how each indicator works and what to look for, using the template becomes way too easier to identify setups.

Pick one or two pairs that are very liquid and try setups on it as there will be good liquidity to play with. It is ok if you fail initially. you can trade with 0.01 lots (EURUSD is a very good pair to trade as the spreads will also not be too high, so your fills will be close to where you want to get in).

Allow yourself time for your system to develop. Even RH uses different parameters/templates for different instruments. So, play around with the settings. Like I always say Make It Your Own.

Just my 2 cents
Find a strategy that works consistently and then trading becomes easy.
  • #10,385
  • May 12, 2025 7:45pm May 12, 2025 7:45pm
Quoting emmanuel7788
{quote} NZDUSD Week 20 Follow-up - to pick the best A+++ setups ... - Price and all indies must be align on 3 timeframes, Weekly {image} Daily {image} H4 {image} ...

NZDUSD May13 Daily Tokyo 9am

- looking good on Daily

- Weekly still early

> risk control is important now,

> use %risk $$$ and Position Sizing with initial Stop Loss



Attached Image (click to enlarge)
Click to Enlarge Name: NU May13 Daily Tokyo 9am 13-5-2025 8-43-25 am.png Size: 40 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,386
  • May 12, 2025 8:55pm May 12, 2025 8:55pm
Quoting emmanuel7788
{quote} NZDUSD May13 Daily Tokyo 9am - looking good on Daily - Weekly still early > risk control is important now, > use %risk $$$ and Position Sizing with initial Stop Loss {image} ...
if you don't mind, what would be your TP on this one if you took the trade?

p.s: I do not trade this instrument. Asking just out of curiosity
Find a strategy that works consistently and then trading becomes easy.
  • #10,387
  • May 12, 2025 9:37pm May 12, 2025 9:37pm
Quoting Roscearm
{quote} if you don't mind, what would be your TP on this one if you took the trade? p.s: I do not trade this instrument. Asking just out of curiosity

First, I need to find an Entry between 5890ish and 5850,

and for intraday trade the TP potential to be minimum between +2R to +3R.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,388
  • May 13, 2025 3:07am May 13, 2025 3:07am
Quoting emmanuel7788
{quote} First, I need to find an Entry between 5890ish and 5850, and for intraday trade the TP potential to be minimum between +2R to +3R. {image} ...

NSDUSD May13 M15 London Open

- not very convincing but some traders would go for it

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,389
  • May 13, 2025 10:52am May 13, 2025 10:52am
can someone help me to set up the indicators on my mt5 since the original tmplate date from mt4
  • #10,390
  • May 14, 2025 1:01am May 14, 2025 1:01am
Quoting AymanGMI
can someone help me to set up the indicators on my mt5 since the original tmplate date from mt4
I see no one has responded to your request, so I am happy to assist.

What help do you need for MT5? Do you know how to setup indicators on MT4, it would be similar for MT5 too? If not, watch few videos on YT.

I think you will be able to find most indicators on the MT5 suggested indicators except for APB, i think.

Give it a go first and write back with any issues you face and we will take it from there.
Find a strategy that works consistently and then trading becomes easy.
  • #10,391
  • May 14, 2025 3:41am May 14, 2025 3:41am
Quoting Roscearm
{quote} I see no one has responded to your request, so I am happy to assist. What help do you need for MT5? Do you know how to setup indicators on MT4, it would be similar for MT5 too? If not, watch few videos on YT. I think you will be able to find most indicators on the MT5 suggested indicators except for APB, i think. Give it a go first and write back with any issues you face and we will take it from there.

My guess it is too much to ask him to read the OP' posts and continue in this thread, ... read, study and take notes ...

Every of the MT4 common indicators are available in MT5.

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...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #10,392
  • May 14, 2025 4:36am May 14, 2025 4:36am
Quoting emmanuel7788
{quote} My guess it is too much to ask him to read the OP' posts and continue in this thread, ... read, study and take notes ... Every of the MT4 common indicators are available in MT5. {image} ...
I agree with you on that.

It is one of the simplest methods with a set of regular/known indicators that go on the charts. It shouldn't be that hard to set it up on any trading platform to be honest.
Find a strategy that works consistently and then trading becomes easy.
  • #10,393
  • May 14, 2025 5:03am May 14, 2025 5:03am
I was browsing through the thread for some of my earlier posting. found this post from RH. Read through this couple of times.

https://www.forexfactory.com/thread/...2#post15126272 Post 9526

RH writes:

Trading is my only passion and my one and only hobby. I have many hundreds of templates/indicators as I create them for my own entertainment.

Like they say: "There's a hundred ways to skin a cat".

Without this sounding trite, I have used every way to trade that I've ever shown in this thread, and I could successfully use them all again.

I've shown lots of different ways to trade because different things resonate with different traders. Plus, I evolve and change over time just like every other trader.

Each trader must find a way or ways that resonates with them. But once you "get it", you "get it" forever. They must keep searching until they find what resonates most and best for them.

And lastly, get the win/loss ratio out of your head as it being a requirement of successful trading as it has no relevance to being successful at trading.

If you lose a dollar 99 times out of 100, but you win $200 on the one winning trade, then why does your winning percentage matter at all???

Most professional traders only win about 30% to 40% of their trades, yet they are still highly successful at trading. Their one and only secret is that they are taught to cut their losses short and to let their profits run because when it all come down to it, those are just a very few things that are within their control, along with position sizing and the markets/pairs/stocks/contracts that they trade.
Find a strategy that works consistently and then trading becomes easy.
  • #10,394
  • May 14, 2025 5:27am May 14, 2025 5:27am
Quoting Roscearm
EURUSD +2R this morning {image}
Hi Rosecearm, could you please share your settings for tradingview. i already using RH template for Mt4 but i need for trading view.
  • #10,395
  • May 14, 2025 8:50am May 14, 2025 8:50am
2 short trades at the moment, one almost at 2R. One entered slightly late? The stoc and rsi only just passed below the 50 line. Any feedback on these setups.
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  • #10,396
  • May 14, 2025 9:32am May 14, 2025 9:32am
Quoting Roscearm
{quote} I see no one has responded to your request, so I am happy to assist. What help do you need for MT5? Do you know how to setup indicators on MT4, it would be similar for MT5 too? If not, watch few videos on YT. I think you will be able to find most indicators on the MT5 suggested indicators except for APB, i think. Give it a go first and write back with any issues you face and we will take it from there.
HEY roscearn thank you for your answer , i searched for several hours but indicators are not as abundant on MT5 and couldnt find most of the needed ones , so i found a way to download mt4 and use the original indicators but thank you anyway .
  • #10,397
  • May 14, 2025 5:16pm May 14, 2025 5:16pm
Quoting AdSaf
{quote} Hi Rosecearm, could you please share your settings for tradingview. i already using RH template for Mt4 but i need for trading view.
here is the template again https://www.tradingview.com/chart/BL87KNZz/

The stoch indicator i use is https://www.tradingview.com/v/kVJIw2Ct/
Find a strategy that works consistently and then trading becomes easy.
  • #10,398
  • May 14, 2025 5:36pm May 14, 2025 5:36pm
Quoting AymanGMI
{quote} HEY roscearn thank you for your answer , i searched for several hours but indicators are not as abundant on MT5 and couldnt find most of the needed ones , so i found a way to download mt4 and use the original indicators but thank you anyway .
Moving average, Stoch, Heiken-Ashi are stock standard indicators. You should be able to find them on most platforms.

Anyway, good to hear you have it all sorted now. Now back test.
Find a strategy that works consistently and then trading becomes easy.
  • #10,399
  • May 14, 2025 5:53pm May 14, 2025 5:53pm
HI GUYS
hope everyone is doing okay in here im new so forgive me if im doing it wrong..friends i really need help with my MT4. You see when i insert the RSI indicator it works but if i want to add an overlaying layer to it like ENVELOPES. its not attaching itself in the rsi indicator,rather on the chart can somebody help me with this
God bless you all
  • #10,400
  • May 14, 2025 6:57pm May 14, 2025 6:57pm
Quoting dionysiusjun
HI GUYS hope everyone is doing okay in here im new so forgive me if im doing it wrong..friends i really need help with my MT4. You see when i insert the RSI indicator it works but if i want to add an overlaying layer to it like ENVELOPES. its not attaching itself in the rsi indicator,rather on the chart can somebody help me with this God bless you all

Hi dion
When you drag the BB to the lower window (with rsi) before you close, go to the BB first Parameter Page, and change from Apply to Close over to First Indicator's data
all the best
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