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Monitor for 'Trading Made Simple' system 565 replies

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

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #2,541
  • May 13, 2011 6:30pm May 13, 2011 6:30pm
Quoting Vanaris
Hi everyone! I would like to backtest this great method on FXDD platform, but don't know how to advance the price action tic by tic. Could someone who knows help me with it, please? Thanks in advence!
Hi, Vanaris. There is an MT4 program called Trade Simulator that can do this. You can set it to trade last week or last month, any TF, any pair. You can speed it up and slow it down. It's not perfect but it's pretty good. Get it here: http://www.forexfactory.com/showthread.php?t=70742 Easy setup, good instructions.

There is a similar tool call VHands, which you can search for. I've heard it's good but haven't used it.

You can also scroll your chart back to the date you want and advance it one bar at a time. Use F12 to go forward, Shift-F12 to go backward. Credit to CCE Cliff for this idea! I like that better because it's easier to control than the sim. Try them both, see how you like them!
Luck occurs when preparation meets with opportunity.
  • #2,542
  • May 13, 2011 6:30pm May 13, 2011 6:30pm
[quote=snarlyjack;4617505] "...Your right I enter mid candle when the markets are very quiet and I make money..."

Would mid candle on the 4H be about the same as the close of the second candle on the 1H?
  • #2,543
  • May 13, 2011 7:10pm May 13, 2011 7:10pm
Quoting ragu
The one thing new traders must realize is that the TDI will look more angled once price continues to move in one direction. This is where experience and hours of screen time comes into play. [b]So initially, the green TDI might have crossed above the red on the 1 hour (if price is bullish), however price might be consolidating sideways and the green TDI is flat, pointing at the 3 oclock direction. So you could be looking at it and thinking, "Hmmm..the TDI is flat and thus no trade". Then all of a sudden right before the next hour clicks...
I second this post, yes, sometimes I caught up the TDI wrongly, think that it would point to 1 or 2 o'clock, then near its closed time, the TDI went flat. Or when it goes flat initially, suddenly near closed candle, because price is moving up and now the TDI should looks pointing to 1 or 2 o'clock.

but in 4 Hr time frame, I think the TDI will not easily changes how he looks from the initial time until the time it's closed.
  • #2,544
  • May 13, 2011 7:45pm May 13, 2011 7:45pm
Quoting viocable
I second this post, yes, sometimes I caught up the TDI wrongly, think that it would point to 1 or 2 o'clock, then near its closed time, the TDI went flat. Or when it goes flat initially, suddenly near closed candle, because price is moving up and now the TDI should looks pointing to 1 or 2 o'clock.

but in 4 Hr time frame, I think the TDI will not easily changes how he looks from the initial time until the time it's closed.
This is why you make judgement on entry and exits at the start of each new candle and the angle then.
  • #2,545
  • Edited 9:08pm May 13, 2011 8:39pm | Edited 9:08pm
Quoting KumoDragon
That's a nice little ebook thanks.
No problem, Jay Trader too.


Quoting KumoDragon
LOL, I thought for sure I was going to get stopped out around +40. GU is really going for me on this trade. Currently up around +80
Nice work


Quoting Dyekid217
I was thinking about a 4k account trading small lots like .13 just to get a good feel for the system on live and slowly upping the lots weekly or bi-weekly
If you're just starting to trade live I would trade 1% of your account at first, until you have had a few successful months and then move to 2%. Some would even say to start live trading 10cents a pip or 1cent if possible until you are comfortable.
There's no rush, one brick at a time
I think for most traders a total maximum risk per trade would be 5%, and that is really high, especially when you think about doing that when you're account is 6+ zero's.
1-2% is sensible and sustainable, which is the name of the game.

Quoting 2scoops
By the way don't feel this is adding anything extra to the system, this is all part of just reading the HA candles correctly which is definitely an important part of the TMS system.
Thank you for that


Quoting ragu
you will get a much better "feel" for true movements as opposed to fake-outs...just some thoughts I wanted to share....have a great weekend everyone.
Thank you
  • #2,546
  • May 13, 2011 8:58pm May 13, 2011 8:58pm
Mary,

When I say I set my trades at 9:30 p.m. (mountain standard time)
you have to realize that I have to be at work at 10:00 p.m. .
So I look at all 8 charts and look at the TDI indicator very closely
and determine what trades I'll make and what charts to pass on.

I trade exactly as Eelfranz has laid out. Only in my case I need
to guess a little bit cause at 9:30 p.m. the markets are slow and
the latest bar hasen't closed yet. And I need to get to work.

The 4 hours close at 10:00 p.m. , 2:00 a.m. , 6:00 a.m. because of my
work schedule I'am having to set my trades at 9:30 p.m. which isn't
the perfect time. The perfect time would be 12:00 a.m. (mountain
standard time) or 7:00 a.m. London time. That way we could get a good
direction of the London open and let the TDI do it's thing. ( let the market tip it's hand on which direction it is going, then set our long term
trade). That is 11:00 pacific time. That is what Eelfranz trades.

Then trade through the London market into the N/Y market. This
system of Eelfranz's kicks ass during these time periods. Eelfranz
trades the 4 hour chart in London time then he converts to 1 hour
charts at the N/Y open. The London time is when we are getting the
long term moves. The N/Y session is a bit more choppier. But both
session are very profitable. The average price bars, the 5 ema shift
+2, and the TDI along with the 4 hour charts is the most profitable
way to trade this system. It's very profitable and simple to remember.

Hope this helps you...

snarlyjack
  • #2,547
  • May 13, 2011 9:09pm May 13, 2011 9:09pm
Quoting pigwiddeon
hi mates,

i have a problem in this system about exits. for example my profit goes up to 15 pips and still green is looking upwards. however, until it is seen flat, i already lose my profit, moreover the position became a loss.
this is why I have Swiss Army pull me to break even +1 when i get up 25 pips...
I cannot have a 25 pip winning trade turn into a loosing trade. If im there to watch the trade I wont let a 10 pip winner go for a loss.
  • #2,548
  • May 13, 2011 9:36pm May 13, 2011 9:36pm
Snapcrackelpop,

I wanted to respond to your blog.

When I first started trading I thought like you. However, many
years later I have found that you have to give a trade room to
breathe. Your cutting your profits short.

What I do is set my trade on the 4 hour chart. Set my hard stop
at $100.00 make my trade and shut the computer off. Eelfranz
checks his computer charts again in 4 hours when the bar changes.

Price will run up and down the price bar. What is really happening is
people are taking profits along the way. Price goes down and then
builds back up. You want to look at this as kinda long term trading.

It's like buying a stock. You need to give it sometime to work it's
magic. Your cutting it loose before it's time. Kinda like a good
wine you have to let it age a little bit.

snarlyjack
  • #2,549
  • May 13, 2011 9:46pm May 13, 2011 9:46pm
I've noticed to improve accuracy do not take a cross down if above the 50 line and don't take a green and red cross up if below 50 line!!!

This helps alot with the fakeouts and small candles or if you want to take them trades don't expect too much lock in profits fast if it starts to go your way,cause it may reverse soon.cheers and I respect the pippin going on here!
  • #2,550
  • May 13, 2011 9:54pm May 13, 2011 9:54pm
Quoting snarlyjack
Snapcrackelpop,

I wanted to respond to your blog.

When I first started trading I thought like you....
Snarly would you mind talking in pips rather dollars? Just so we can get a better idea of the kind of breathing room you're leaving. Thanks bud
  • #2,551
  • May 13, 2011 9:57pm May 13, 2011 9:57pm
sorry for the bad audio quality but i think you can follow along without the sound.

first optimize the ea (any ea it does not matter, we are just using ea to drive the chart not testing it)

after optimizing youll get a list of results (uncheck "skip usless results" so all will show....again the ea's results dont matter we just need them to drive the chart)

turn visual mode on and cut the speed slider down. hit start button.

once chart comes up load your template.

if you want to simulate trades use some lines or a trade simulator like vhands or whatever.

http://screencast.com/t/7riIes2QyE
  • #2,552
  • May 13, 2011 9:59pm May 13, 2011 9:59pm
Sorry about that.

1 pip = $1.00

100 pip hard stop = $100.00

I've been down 50 pips before and it came back up to close
185 pips up or $185.00.

Let the bull run...

snarlyjack
  • #2,553
  • May 13, 2011 10:07pm May 13, 2011 10:07pm
Quoting snarlyjack
Sorry about that.

1 pip = $1.00

100 pip hard stop = $100.00

I've been down 50 pips before and it came back up to close
185 pips up or $185.00.

Let the bull run...

snarlyjack
What pairs do you trade?
  • #2,554
  • May 13, 2011 10:08pm May 13, 2011 10:08pm
Quoting snarlyjack
Sorry about that.
1 pip = $1.00
No problem, can I ask if you have traded the 1H using this?
I'm in Australia so the London Session is the best session to trade for me, it's 5pm Sydney time. I know E mentioned that if he could he would trade London using the 1H.
I'm trying to get an idea of the sort of runs I should be looking for trading 1H. At the moment I just look for next s/r, high/low etc. But I think I'm getting out too early at times.
  • #2,555
  • May 13, 2011 10:09pm May 13, 2011 10:09pm
Quoting SnapCracklePip
this is why I have Swiss Army pull me to break even +1 when i get up 25 pips...
How do you set Swiss Army to breakeven +1? I was told you can only set it to breakeven, not breakeven plus anything. Thanks.
My favorite crochet hook is size J. It's a J-Hook!
  • #2,556
  • May 13, 2011 10:20pm May 13, 2011 10:20pm
Ok Dudes & Dudettes....

What's the name of this thread ? Ham & green eggs...ummm... Cat climb a tree... hummm... what, what what.... !

Possibly: Trading Made Simple.... Well we know it's for Traders...
Made Simple... hummm... and it's made simple so most anyone can understand it and it has very simple rules.

I think your biggest problems are understanding BASIC FOREX ISSUES.... like am I in Consolidation, how close is the recent Sup/Res levels, Is PA candles small and undecided which way to go.., was it a strong reversal last time or only 1 or two candles... things like this which has nothing to do with our method. Those things are Basic Things every trader has to learn before trading a new method. So when you failed to make a profit because you don't know those things ahead of time... well, it must be a bad method... Not...

So I want those who consider themselves having more than 1-3 years experience to point out those important Basics using a chart which is marked up and why those things are important to consider before entering a trade. Just discuss a few things per post... that way you have time to think about what you want to discuss and find a chart for examples... Then keep posting other charts...

It will re-inforce it for you and help teach everyone newer on the thread...

You guys/gals are making some great trades with lots of success... and I'm proud of you all...

Thanks.... Big E
  • #2,557
  • May 13, 2011 10:24pm May 13, 2011 10:24pm
Quoting monkey.fx
Please excuse me for grammatical mistakes, i do not speak English and is very hard to write. The system is awesome but after a few checks on the forum I noticed that is identical to thv Trix. You can use the Trix and TDI in parallel you will notice some differences to consider, good, I want to provide information that will in my view is incredible

Change
->>>> Stoch FULL DATA WITH NEXT-K21, D9, SLOW9, CLOSE, CLOSE, SIMPLE MA.
, the next thing to add to the map is coral from thv and will enter into transactions only above or below coral for buy...
Doesn't look the same to me. A little similar in that they both curve. I can clearly see very big differences.

I tried using THV stuff several times, as described. It was very hit and miss. IMO the rule only long/short above the coral was absolutely worthless. Most of the signals I got seemed late to the party.

I can honestly say that I think this method as is beats the holy hell out of it and taking any indicators from THV would just hurt it.

P.S. even if adding THV stuff worked good, the OP has already asked several times that no one try and add things and muddle up his thread. Feel free to start your own thread.
  • #2,558
  • May 13, 2011 10:25pm May 13, 2011 10:25pm
Quoting eelfranz
Ok Dudes & Dudettes....
WELCOME BACK! Hope you're healthy now.
My favorite crochet hook is size J. It's a J-Hook!
  • #2,559
  • May 13, 2011 10:28pm May 13, 2011 10:28pm
Quoting littlebunny
How do you set Swiss Army to breakeven +1? I was told you can only set it to breakeven, not breakeven plus anything. Thanks.
i up loaded a picture showing my settings.......there is a slide setting where you can set .....if i set the slide to 10 it moves me to break even plus one......if i were to set it to 30 it would move me to break even +3 pips......let me link you bak to that post since its clearly labled....

http://www.forexfactory.com/showthre...07#post4615207
  • #2,560
  • May 13, 2011 11:13pm May 13, 2011 11:13pm
Quoting eelfranz
[font=Comic Sans MS][size=3][color=blue]Ok Dudes & Dudettes.......
yup so simple a caveman can do it.......hope ive not complicated things in your thread....really great system and with a month of testing , i have dropped a system i have been using for 4 years now......i used to spend hours each night drawing forks and trendlines ....now i just wait on the tdi. I have added my thoughts on money management....which is a very broad issue so.....hmm whatever...

I like mine on the 1hr please sir thankyou may i have another!I came from trading 10 pip and 30 pip renko charts so its been difficult to adjust back to time based charts.

In the end all I have to say is great work! I am loving this strat
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