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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #1,001
  • May 2, 2011 3:39pm May 2, 2011 3:39pm
Adong,

TS ? Turkey shorts, ummm, Turtle shoes, ummmm what is it?
  • #1,002
  • May 2, 2011 3:40pm May 2, 2011 3:40pm
Quoting eelfranz
Dynel14 (post 990)...

Chart # -

1. no entry signal

2. PA is flat, TDI & Stochs opposite, no entry signal

3. Looks goog...
the vertical line you see on my pictures isn't my entry signal, its only for me to see the indis better. it goes with every new candle
indicator: "Vertical line-moves with price"
  • #1,003
  • Edited 4:05pm May 2, 2011 3:48pm | Edited 4:05pm
Checkz -

You don't have the TDI on your screen. You have about 10 flat candles too... your in a channel... I would have waited for a drop out of the channel... however I pulled it up on my charts and it looks pretty good going short... However the TDI just did a check mark reversal... Yikes Bat Man...
  • #1,004
  • May 2, 2011 3:50pm May 2, 2011 3:50pm
Quoting Adong
Mr. big E:
I am buzzled by the way to apply TS and hope you can clearify it !
1. Does it matter when to apply TS? Before, after profit or no matter?
2. What is the proper size of TS? Size does matter?
Many thanks! Adong
I think you mean STOP LOSS and yes SIZE DOES matter ( no pun intended to your sceen name..lol sry). Depending on time frame usually the last high or low or S/R to protect your acc. balance in case thinks go the wrong way and you were wrong.

This ir pretty basic stuff you need to do some homework.

Chilly
  • #1,005
  • May 2, 2011 3:52pm May 2, 2011 3:52pm
Thanks I had the TDI on top I just removed the label by accident.
  • #1,006
  • May 2, 2011 4:02pm May 2, 2011 4:02pm
Mr. E.

My subject was Trailing Stop!!

Adong
  • #1,007
  • May 2, 2011 4:09pm May 2, 2011 4:09pm
Dynel14....

I'm talking about what I'm reading on the TDT and not PA... sorry for the confusion....
  • #1,008
  • May 2, 2011 4:11pm May 2, 2011 4:11pm
Thanks big E and 2 Scoops, i really appreciate your feeedback, i will look at the video, you guys are doing an awesome job.
  • #1,009
  • May 2, 2011 4:18pm May 2, 2011 4:18pm
Adong....

Yes the old Trailing Stop... sorry but I don't use them but I'm sure there are some here that do... willing to jump in and help you....
  • #1,010
  • May 2, 2011 4:34pm May 2, 2011 4:34pm
Thanks eelfranz for your 5 method system.
Traders who are trading from the 4 hour charts:
Here a useful utility to have on your chart.

b-clock with hours.
It countdowns in Hours, Minutes and Seconds to the next candle.
An improvement from the last version, which only shows minutes and seconds only.

http://codebase.mql4.com/5380
  • #1,011
  • May 2, 2011 4:43pm May 2, 2011 4:43pm
My trades from today.. beginners luck I guess, still not unhappy ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: firstday.png Size: 14 KB
  • #1,012
  • May 2, 2011 4:49pm May 2, 2011 4:49pm
Quoting wickedwin
My trades from today.. beginners luck I guess, still not unhappy ;-)
Is that a demo? I dont see any short runs for over 200 pips on EU on my charts.
  • #1,013
  • May 2, 2011 4:56pm May 2, 2011 4:56pm
Quoting Lawton
Thanks eelfranz for your 5 method system.
Traders who are trading from the 4 hour charts:
Here a useful utility to have on your chart.

b-clock with hours.
It countdowns in Hours, Minutes and Seconds to the next candle.
An improvement from the last version, which only shows minutes and seconds only.

http://codebase.mql4.com/5380

Great design. Thanks.
(The colors have to be changed by a black background).
Attached Image (click to enlarge)
Click to Enlarge Name: clock.jpg Size: 190 KB
  • #1,014
  • May 2, 2011 5:00pm May 2, 2011 5:00pm
Quoting sam21
here
As far as I'm aware that is not the best way to be profitable with this system. Take it from an experienced pro; trade the 5 min charts on a regular basis and you'll get your a*se handed to you on a plate.
  • #1,015
  • May 2, 2011 5:34pm May 2, 2011 5:34pm
Quoting wickedwin
My trades from today.. beginners luck I guess, still not unhappy ;-)
Great job Wickedwin!

Were you trading the hourly charts?

Tony
  • #1,016
  • May 2, 2011 5:57pm May 2, 2011 5:57pm
Quoting KumoDragon
Is that a demo? I dont see any short runs for over 200 pips on EU on my charts.
his units are 1.0 which translate to $100,000. i wouldnt know if it is a demo or live by the looks of it. it could be either or.
  • #1,017
  • May 2, 2011 6:08pm May 2, 2011 6:08pm
Quoting eelfranz
I can't believe there is still confusion here on What is candle 1 or two...

[font=Comic Sans MS][size=3][color=#0000ff]If there was a reversal and it went 6 candles lets say... The first 2 candles are #1 & #2. If I don't get a signal to enter from the TDI on...
I just caught up with all the posts from the weekend. I thought I had all the rules down and after all the new posts, I became confused. lol

If there was a TDI cross on a brand new 4hr bar, do you wait for the close of that bar to make sure it's a confirmed cross? I always thought all the TDI crosses are based off of closed bars.

Thanks.
  • #1,018
  • May 2, 2011 6:22pm May 2, 2011 6:22pm
Quoting Adong
Mr. E.

My subject was Trailing Stop!!

Adong
Trailing stops are a good way to cut your good trade's short way early.
The reason being is say you have a 15 pip trailing stop, to lock in 1 pip you have to get to 16. It backs up 15, you only got 1 pip. To lock in 15 you actually have to go to 31.

I've toyed with smaller trailing stops extensively over the years. Even TS of 50 will end up cutting down your winners. (To lock in 1 pip you have to go to 51, if it backs up all the way from there, you only locked in 1 pip)

Trailing stops really only work well for longer term trading where your aiming for a 1000's of pips. Such as being up a few hundred pips and setting a 200 pip trailing stop.

IMO you'll end up with better profits just by using the TD for exits. If you can't be around at the next candle to see what the TD says and your in profit, sure use a trailing stop. Myself I prefer locking break even or some of the profit with a postive stop loss, that leaves more chance for the trade to run.

A general rule I use is that if the trade is up past the amount risked on the trade I lock it in. If it keeps going I keep locking in as I see fit or every percentage from there. So, if I'm risking 1% on a trade and up past 1% I lock it in. If it makes another 1% I lock it in again.

Keep in mind a trailing stop trails the stop as the trade progresses positive which gives you a progressively higher chance of being stopped out, which is why TS cuts down profits. Also remember that the TS is host side. So, if you turn off your platform you no longer have a TS server side, the last trail before the platform is turned off is only on the server no the trail. But hard stops are server side.
  • #1,019
  • May 2, 2011 6:24pm May 2, 2011 6:24pm
Quoting stimuls
I just caught up with all the posts from the weekend. I thought I had all the rules down and after all the new posts, I became confused. lol

If there was a TDI cross on a brand new 4hr bar, do you wait for the close of that bar to make sure it's a confirmed cross? I always thought all the TDI crosses are based off of closed bars.

Thanks.
Nope, start of the bar, if all the rules are met. Otherwise you'll end up getting in late. 1st or 2nd candle start only. After that, it'l be too late and all the momentum will be used up.
  • #1,020
  • May 2, 2011 6:25pm May 2, 2011 6:25pm
Quoting PipPipPip
his units are 1.0 which translate to $100,000. i wouldnt know if it is a demo or live by the looks of it. it could be either or.
Was it pippettes I was seeing on the right? Cause there was no 200+ pip drop on EU today. 20 pips I could believe.
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