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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

  • #2,561
  • May 14, 2011 12:31am May 14, 2011 12:31am
thx kumo
i juat want to be sure for signal entry ,i am beginner and i dont like to losse money very fast
  • #2,562
  • May 14, 2011 2:24am May 14, 2011 2:24am
Quoting SnapCracklePip
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...
By looking at old charts I think I'm beginning to get an idea what makes for higher probability TDI setups. That has been my biggest problem, the other being how to manage a trade. Thanks for bringing up the Swiss Army EA. Could put that on for the times I can't monitor longer TF trades. Will try that next week.
  • #2,563
  • May 14, 2011 2:30am May 14, 2011 2:30am
Quoting eelfranz
[font=Comic Sans MS][size=3][color=blue]Ok Dudes & Dudettes.......
welcome back grand poopaw
Trade responsiblypatience is the key/Swing trader
  • #2,564
  • May 14, 2011 2:37am May 14, 2011 2:37am
once again i blew up my account...but nothing to worry it was tiny

but any ways now i am trying to drop all the shiit I fed to my brain in last three years about trading.and want to follow this system religiously.I hope it work for me
Trade responsiblypatience is the key/Swing trader
  • #2,565
  • May 14, 2011 2:39am May 14, 2011 2:39am
It's good to see you back Big E. I hope you are feeling better!

Have a good weekend Sir!
  • #2,566
  • May 14, 2011 4:05am May 14, 2011 4:05am
An indi that can give similar result to TDI and can be used as a confirmation tool!

If you put on your chart in the same window RSI 5 and MA 3 you will see that at every cross price change direction. The idea is this: we can't take all croses because are too many, but we can filter this signal by looking at higher timeframe, in this case H4.

I hope you like it.

Many pips to you!
Attached File(s)
File Type: mq4 RSI5-3EMA_MTF, 1H.mq4   9 KB | 1,250 downloads
  • #2,567
  • May 14, 2011 5:31am May 14, 2011 5:31am
I've just finish reading this thread from start to finish. I swear, at one point pages were being added faster than I was getting through them. I don't really presume I have soemthing to say that people want to hear, but this had to be posted -

eelfranz, I commend you sir on your generosity and the unselfish way you share your system - allowing anybody willing to read to benefit.

It was with great arrogance that I entered the FX scene 2 months (!!!) ago. Traded demo for month and, like a fool, thought I could go live - fortunately I got burnt. I say fortunately because, even though it was still hundreds of dollars, it has brought me back to reality and I won't make the mistake of arrogance again.

Anyway, I started to drown in indicators- RSI, force index, MACD, MA, Stoch, customised indicator this and customised indicator that. Even downloaded a zip file of 1000 indicators (what the hell was I thinking?!)

It was with great interest that I read each post - before I went to work, during my breaks, after my son went to sleep and before I went to sleep.

Now that I am up to date, I thought it would be ok to post. So in closing a big thank you all the experienced traders who post and in particular to you eelfranz..... my journey begins.
  • #2,568
  • May 14, 2011 6:26am May 14, 2011 6:26am
Quoting webjoin01
I've just finish reading this thread from start to finish. I swear, at one point pages were being added faster than I was getting through them. I don't really presume I have soemthing to say that people want to hear, but this had to be posted -

eelfranz, I commend you sir on your generosity and the unselfish way you share your system - allowing anybody willing to read to benefit.

It was with great arrogance that I entered the FX scene 2 months (!!!) ago. Traded demo for month and, like a fool, thought I could go live - fortunately I got burnt....
You've done the work, and if this is your attitude and approach to the things you do in trading, you deserve all success.

I wish you well.
  • #2,569
  • May 14, 2011 7:18am May 14, 2011 7:18am
Welcome aboard the Golden Forex Wheel Barrel...

Good to see people getting grounded in this wonderfully simple method...
Good Trades...
Cliff

Quoting webjoin01
I've just finish reading this thread from start to finish. I swear, at one point pages were being added faster than I was getting through them. I don't really presume I have something to say that people want to hear, but this had to be posted -

eelfranz, I commend you sir on your generosity and the unselfish way you share your system - allowing anybody willing to read to benefit.

It was with great arrogance that I entered the FX scene 2 months (!!!) ago. Traded demo for month and, like a fool, thought I could go live - fortunately I got burnt....
I get exercise just pushing my luck
  • #2,570
  • May 14, 2011 8:28am May 14, 2011 8:28am
Quoting monkey.fx
thx kumo
i juat want to be sure for signal entry ,i am beginner and i dont like to losse money very fast
LOL, if you are beginner why are you coming on a traders thread who is making real money, already showed you it works well, and trying to improve his method?
  • #2,571
  • May 14, 2011 8:30am May 14, 2011 8:30am
Realize that many seems to be asking the same question over and over again without reading the earlier posts. Took the liberty to compile the posts from the previous Craig Harris Thread post 202 onwards into a Doc file for your reading pleasure. happy trading
Attached File(s)
File Type: doc 5M discussion.doc   463 KB | 3,960 downloads
  • #2,572
  • May 14, 2011 12:24pm May 14, 2011 12:24pm
Thank you sir for this simple and straightforward system.

  • #2,573
  • May 14, 2011 12:38pm May 14, 2011 12:38pm
Quoting webjoin01
I've just finish reading this thread from start to finish. ..

Even downloaded a zip file of 1000 indicators (what the hell was I thinking?!)...
FDLOL!!! I downloaded that file, too! I'm just rolling over here reading that! O recently deleted that file and a bunch of other useless indis.

And that's how I read this thread, too - at night after the family is in bed, early before they wake up, breaks at work, weekend backtesting - anytime I can!

Welcome aboard, Webjoin. Start saving up for your wheelbarrow!
Luck occurs when preparation meets with opportunity.
  • #2,574
  • May 14, 2011 12:40pm May 14, 2011 12:40pm
Quoting eelfranz
[font=Comic Sans MS][size=3][color=blue]Ok Dudes & Dudettes.......
Big E! You're back! I hope you are healthy and all is well again.

Great to see you back. The cats are straying, need herding... Just kidding (a little).
Luck occurs when preparation meets with opportunity.
  • #2,575
  • May 14, 2011 12:44pm May 14, 2011 12:44pm
Quoting otiose
Realize that many seems to be asking the same question over and over again without reading the earlier posts. Took the liberty to compile the posts from the previous Craig Harris Thread post 202 onwards into a Doc file for your reading pleasure. happy trading
OMG, Just what I needed - another 48 pages of posts on this method!! As if there aren't already enough posts in this thread!

Just kidding! Otherwise I could never have read what is already on this most gigantic thread. Keep it coming! Even though the method is simple, you can never get enough reinforcement. Thanks, Otiose!
Luck occurs when preparation meets with opportunity.
  • #2,576
  • Edited 2:43pm May 14, 2011 2:25pm | Edited 2:43pm
Here are some more *extremely unofficial* trading results from another backtest run. Hope you like them.

Pair: EURUSD
TF: H4 (EST)
Time period: Feb-March 2011
Total trades: 36
Winners: 34
Losers: 2
Net pips: +2264

Again, I scrolled through the chart manually one bar at a time using F12 key. I followed the same basic rules as before (see below).

Stochs - this time I hardly paid attention to Stochs, but when I did remember to check they were always pointing in the right direction.

I've added a time column to show which H4 candle the trade was taken. Now I can sort and see when most trades are taken. Times are EST.

Editorial: SOMEONE PLEASE TELL ME WHAT I'M DOING WRONG! I just can't believe these results. Seriously, there must be a flaw, I must be doing something wrong, these results are simply too good to be true. I'm racking my brain and going over and over it but I think I'm really following the rules right. Really, I hope I have done it correctly by the rules, but if you see what I'm doing wrong PLEASE PLEASE point it out! I will edit this post with any correction. I would never want to mislead anyone with bad data!

The only thing I can think of that might have influenced me at entry time was that I got used to looking at the HA candle at the moment when the signal was given. If the candle looked good I said "well I have to enter, the HA candle looks good." The problem with this is that in backtesting you see the COMPLETED 4 hour candle at the moment of the signal. In real time, at the moment of the signal, you see ONLY THE BEGINNING AS IT IS AT THE VERY OPEN of the 4 hour candle. The candle always looks different at open than at close. Still, I did have a good signal, and I think I would have taken the trades anyway based solely on the rules. But I think it's important to know when looking at the results and I'd like to hear if others think it may invalidate the test.

Here are my rules:

Entry rules:
TDI Green crosses Red, OR Green bounces off red to continue a trend
Stocs must agree with Green TDI direction
Entry candle must be first or second of its color for Cross entry
The ONLY discretion I exercised was whether I thought the PA was choppy.
If so, I passed on the trade. Other than that, I entered on the signal no matter what.
Entry was immediately when the signal was given, at the open of that candle. The candle open price is what is recorded here.

Exit rule:
When Green TDI started to flatten out or did a check-mark reversal, I exited immediately, at the open of that candle.

The "Time In" column numbers refer to the H4 candle opening times, as follows:
0 12:00 midnight
4 4:00am
8 8:00am
12 12:00 noon
16 4:00pm
20 8:00pm

Standard disclaimer applies: I am not responsible for anything, in fact I'm totally irresponsible. A googleplex of "thank yous" to Eelfranz for building this machine!

Edit: Added another table with some statistical analysis on trade times. Interesting: London is definitely best session to trade! NY not bad either. 4pm and 8pm are so slow on signals. Remember these are entry times.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 248 KB
Attached Image
Luck occurs when preparation meets with opportunity.
  • #2,577
  • May 14, 2011 2:51pm May 14, 2011 2:51pm
I would only comment that I have in the past used a different 4 hour method, and as far as the time trades were taken, the percentages of trades taken each candle are very close to yours. I have also been back testing, and as you say, it is a little hard to judge as the candle is completed. However still very impressive results.

I guess if one wanted to make some serious money, you would need to trade more pairs? 1100 pips per month, that is only $11K trading a standard lot.

Thanks for posting your results, a lot of effort there!


Quoting AlienFrog
Here are some more *extremely unofficial* trading results from another backtest run. Hope you like them.

Pair: EURUSD
TF: H4 (EST)
Time period: Feb-March 2011
Total trades: 36
Winners: 34
Losers: 2
Net pips: +2264

Again, I scrolled through the chart manually one bar at a time using F12 key. I followed the same basic rules as before (see below).

Stochs - this time I hardly paid attention to Stochs, but when I did remember to check they were always pointing in the right direction.

I've added a time column to show which H4 candle the trade was...
Read the entire thread BEFORE you ask questions!
  • #2,578
  • May 14, 2011 2:57pm May 14, 2011 2:57pm
Quoting johnami
I would only comment that I have in the past used a different 4 hour method, and as far as the time trades were taken, the percentages of trades taken each candle are very close to yours. I have also been back testing, and as you say, it is a little hard to judge as the candle is completed. However still very impressive results.

I guess if one wanted to make some serious money, you would need to trade more pairs? 1100 pips per month, that is only $11K trading a standard lot.

Thanks for posting your results, a lot of effort there!
Thanks, Johnami. Glad to hear someone else sees something similar to my results.

That's what I'm thinking: this is only one pair!! The ONLY reason I cannot do it live right now is that you would need to be at your computer once every 4 hours. But I am working to arrange my life so I can...
Luck occurs when preparation meets with opportunity.
  • #2,579
  • May 14, 2011 3:21pm May 14, 2011 3:21pm
Quoting AlienFrog
Thanks, Johnami. Glad to hear someone else sees something similar to my results.

That's what I'm thinking: this is only one pair!! The ONLY reason I cannot do it live right now is that you would need to be at your computer once every 4 hours. But I am working to arrange my life so I can...

Well first of all congrats to you results , hopefully you can repeat that live

Annyway did you trade with SL to BE after a certain amount or even with partial close , as it was mentioned here before?
  • #2,580
  • May 14, 2011 3:47pm May 14, 2011 3:47pm
And i have another Question . I know that no strategy can be perfect , but is that as you can see on the pic entry a correct entry by the rules?

I wouldnt have taken that anyway , in fact i would miss some entries just because i have a mind blocade when it comes to taking trades which look like retracement or countertrend .. But anyway is that setup candle correct, assuming that the next candle was blue too by its opening ?
Attached Image (click to enlarge)
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