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Monitor for 'Trading Made Simple' system 565 replies

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #741
  • Apr 30, 2011 5:11pm Apr 30, 2011 5:11pm
Quoting Numb3rs
To make it easy for you to follow it is probably best for you to download the demo version of metatrader4 at fxdd and set up the indicators on that platform.

Quick instruction for installing indicators.

NOTE: An indicator can be of 2 format (extensions), .MQ4 and .EX4. MQ4 is the source code, and EX4 is the compiled version of the code.

Step By Step

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Quote
1) Download/Copy/Save the MQ4/EX4 file into your Crogram FilesMetaTrader 4expertsindicators folder
2) Close your MetaTrader application (assuming it's currently open ... Ignore this if the application hasn't been launched)
3) Launch your MetaTrader application
4) On the left hand side, look for the "Navigator" window
5) Under the "Common" tab, look into the "Custom Indicators" directory
6) Locate the indicator which you have just downloaded into the folder stated in Step 1
7) Drag (Click and drag) the indicator onto the chart
8) Voila... done

I hope that helps.
I am ready to get to work ! Finally got this puppy loaded. I think the first set , putting the file directly into the 'C Drive' is the key! Or it could be my new acc. at FXDD....Wow, that was frustrating....How does it look? BEAUTIFULLLLLLL!!!???

Thank you again Numb3er for you time in helping get this thing happing!

EU. 4hr..Any comments on this posable setup for a short at the next candel (not a small one) for entry or is the angel of the 5ema and TDI Green, not downwared enought?

Cheers!
Chilly
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  • #742
  • Apr 30, 2011 5:16pm Apr 30, 2011 5:16pm
No Job Rob...

Nice analysis... you win the prize...



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  • #743
  • Apr 30, 2011 5:23pm Apr 30, 2011 5:23pm
When I looked at the chart i didn't see the tdi.....
  • #744
  • Apr 30, 2011 5:28pm Apr 30, 2011 5:28pm
Quoting go4pips
When I looked at the chart i didn't see the tdi.....
Helps to post the right chart!
  • #745
  • Apr 30, 2011 5:32pm Apr 30, 2011 5:32pm
If you smell a skunk... run...

hahaha... the best advise yet!!!
  • #746
  • Apr 30, 2011 5:45pm Apr 30, 2011 5:45pm
Speaking of wall hangers... here is a training chart... same as the other except it's TDI Exits only...
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  • #747
  • Apr 30, 2011 5:50pm Apr 30, 2011 5:50pm
That's to funny Susan actually gave me some advice too!

Sorry Susan I don't have any guy pic's except for this..Thanks again!
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  • #748
  • Apr 30, 2011 5:51pm Apr 30, 2011 5:51pm
Quoting eelfranz
Oyapoke... (704)

At one time I used the 5ema in a different way. Back then if a candle closed across the 5ema it was the set up candle. I would enter the trade at the beginning of the next candle if it was the same color.... and that still works... this is more conservative...

[font=Comic Sans MS][size=3][color=#0000ff]I am more aggressive now and noticed I was giving up some pips doing it that way so I changed to using...
eelfranz, question:
The yellow 5ma on template is simple (typical price) or exponential (typical price)?
Thanks and hope your feeling alright.
  • #749
  • Apr 30, 2011 6:33pm Apr 30, 2011 6:33pm
Alex...

Moving Average on the chart - Mine is 5, shift 3, exponential, Typical....
  • #750
  • Apr 30, 2011 7:10pm Apr 30, 2011 7:10pm
Quote
Fugly....

Hey buddy.... I've looked this trade over a dozen times from all angles.... my eyeballs are spinnin' like the Bingo Tumbler that's got the balls in it...
thx for taking the time

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Do you agree if you moved your verticle line one candle back you would have a proper TDI entry??? Long??? Blue candle... green crosses red ???
Yes absolutely, the signal is generated one candle back, but we would enter on the opening of the next candle thats why i drew the vertical line on the opening of the red candle as that would be our entry price (at the time of entering we wouldnt know its a red candle as its just beginning its 4 hr period)



Quote
Where the verticle line is we have a red candle... TDI isn't telling me anything but the candles do. When I saw that candle was red (#1) and saw it pulling back (#2)... I would have exited to keep my profits. The 5ema is flat too...
I think this would have been a losing trade even if you exited on the close of the red candle you mention but thats ok ....... as we all know we cant win em all haha ..... losses are inevitable that is given .......

just wanted to know if my understanding was correct, and thx for confirming it was correct.

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You have to be aware of what PA is telling you as well as the TDI... If you smell a skunk... run...
will do

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There is not a new TDI signal until the next longs come along...

got that too ! thx

So BigE everything is clear to me now the PA, the TDI crossovers, the angle of the TDI crossover, the slope of the MA, the size of the HA candles, time of day to trade, checking the immediate lower time frame etc.

just one last question please (sorry to drive you up the wall)

on the training charts you've generously posted in the thread you've marked entries with vertical lines, does it mean an entry on;-

1) the opening of the candle (with the vertical line) or
2) the close of the candle (with the vertical line)

many thx
  • #751
  • Apr 30, 2011 7:15pm Apr 30, 2011 7:15pm
Quoting snarlyjack
Fugly,

I'll try to give you some good advice...

I believe you are talking about where your green arrow is located?
Remember that trading is both a science (mechanical) and an art.

There is no 100% mechanical system....
thx for mentioning about the slope of the MA to be considered when contemplating an entry, that would have kept us out of this trade

also i do realize losers are part of the game even if we fulfil all the entry conditions correctly and exercise wise discretion as u rightly mention,

  • #752
  • Apr 30, 2011 10:02pm Apr 30, 2011 10:02pm
EelFranz

Thanks for the heads-up. I noticed the PA and wouldn't have entered the trade just yet.

This strategy sits very well with what I have been following previously. There wasn't much to add to my existing charts except the TDI and it makes a lot more sense now.

No, Hinnavaru does not definitely sound British. I live in London though...
Faith with Action
  • #753
  • Apr 30, 2011 10:08pm Apr 30, 2011 10:08pm
Quoting 33drifter
Hey guys,

Im new to this system but just made a few observations for filtering bad trades.

this might be quite obvious for expirienced traders but may help the newbies.

I only take trades where both the indicators are crossing down through the 68 level on TDI and 70 level on stoch for shorts and vice versa for longs, i hope that makes sense

on the chart below the yellow circles are good trades and the green boxes are ranging and all twisted together so leave them alone.
thx 33drifter,. this is very good observation. less trades but quality ones. it suits me.
  • #754
  • Apr 30, 2011 10:58pm Apr 30, 2011 10:58pm
Hi eelfranz and thank you in advance.
When you have time would you mind quickly having a look at my posts 547, 585 and 586 and reply to them please. I am slightly unsure of the relevance or importance of the actual time to assess and enter a trade and how exactly you are numbering the candles. Sorry to trouble you
Thanks again.
Dean
  • #755
  • May 1, 2011 12:02am May 1, 2011 12:02am
Quoting eelfranz
Training Chart.... Entries

The timeframe is 15min... I think there ar 21 trades here...all winners (?)... Well if you were trading on a 15min and not paying close attention you would probably have a few losses... However if this was a 1hr/4hr chart even 1 candle produces many pips and gives you time to get out if necessary... with profit in hand... see the difference?

[font=Comic Sans MS][size=3][color=#0000ff]Note the...
E,


I would say you would have 3-4 losers or maybe break even trades in this sequence if you look at a candle chart. Still very good for 15 minutes.
  • #756
  • May 1, 2011 12:03am May 1, 2011 12:03am
thk Eelfranz Your kindness to help people is greatly appreciated..n great thread before i read this thread i always looking for 15 min chart a lot of noise n stress (no any offence for those ppl who trade in 15 min maybe 15 min is not suittable for me),but now i found the trading should be like this easy n simple n less stress just setup n wait...again thank to all the guy here u guy let learn a lot (TWO Tumb up)
  • #757
  • May 1, 2011 12:21am May 1, 2011 12:21am
Hi E...

Let me try my question in a different way.

WE have an uptrend. The first candle (blue line) has the TDI green over red but it's a small candle so we may get a reversal. The second candle is the red line and the TDI has red under green (I checked the data window to make sure). Now since the second candle is small and has a blue body even though it has green under the red line on TDI you wouldn't use this as your set up candle and enter on the open of the next candle would you? The next candle (yellow line) has a red body and has green under red on TDI would you enter the next candle open or wait because it's a small red body and hasn't closed below the 5 SMA? I know this is not a great set up but one that many traders would attempt. I'm just trying to get a feel for how you would handle this set up. It looks like if we wait until the open of 4th candle (green line) to enter we might come away with some positive pips due to this being a daily chart. If this were on a smaller TF chart it would be a loser or at best break even.
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  • #758
  • May 1, 2011 12:50am May 1, 2011 12:50am
Hello Eelfranz!
An important clarification for me please (Post 353).
The last little candle that you name 4, is candle 2.
A question: The candle 1 is just after crossing TDI?
Maybe I'm wrong!
Best regards
Oyapoke
  • #759
  • May 1, 2011 12:50am May 1, 2011 12:50am
Quoting eelfranz
Remember that not everyone sees the market and TDI the same way you do...
That I agree. Sometimes, it's the EGO inside us that paint a bull rather than a bear.

Jimi
  • #760
  • May 1, 2011 12:56am May 1, 2011 12:56am
Quoting Chillypiper
1.You need to diversify
2. You need a plan
3. You need previous results written down and shown profitable before putting money on stake
4. You need patience
5. You need to be able to walk away when things go bad
6. You can't hope for your best
7. You can't guess tops and bottoms
8. You need money management
9. Don't hold on to a looser
10. You have to check all the news
11. You have to understand the spread and how it affects your positions
12. You need to put alot of hours in to make this work
13. Even if you put the hours in it still...
These rules are great reminders to new comers and OLD as well.

Jimi
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