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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

  • #2,721
  • May 16, 2011 11:35am May 16, 2011 11:35am
I hope you're feeling better, Big E.
Please take care of yourself.
  • #2,722
  • Edited 6:33pm May 16, 2011 11:39am | Edited 6:33pm
Quoting tig07
Short entry on GbpJpy. TDI signal on 30 minute chart. Put on the Swiss Army EA. See if that thing works. Past 2am, Pacific time, going to bed.
The entry was okay enough, the Swiss EA immediately dropping SL to BE +1. The settings were:
250 take profit, 50 stop, move to break even +1 at 25 pips & trail 50 pips

If I were monitoring this trade, could have made up to 40 pips instead of just BE, but I needed sleep. SL could have been set lower I suppose before going to bed or even put in a smaller profit target. Comments and advice welcome.
  • #2,723
  • May 16, 2011 1:33pm May 16, 2011 1:33pm
Hi Guys
hope everyone good and get well soon big E, god bless
I posted Thurs last week to say I had been demoing and had 6 out of 7 winners, but my agnda was to keep demoing for a month and gather all results at end of.
I work all day so only look at 4 hour chart in morning and at late afternoon when I return, I am in UK, so luckily enough I am around during London/NY, the best times to trade.
I check my 1st 4 hour candle at 7am which is when my mt4 ticks over to nxt 4 hr candle, each 4 hr candle is 7am, 11am, 3pm and 7pm etc maybe this is what is called gmt+1, please correct me if I am wrong, I am a K.I.S.S guy, see it, don't question it, work with it, trade it, so to speak, anyway, I have not as yet taken any trades from the early morning 7am candle, but have to date taken 12 trades all off the 3pm candle, I do exactly what big E suggested,
Green TDI crosses/or crossed red
take trade only on 1st or 2nd candle
confirm direction via stoc
tdi must be pointing to 12-2 or 4-6
and for extra confirmation I would like tdi coming either up from 32 or down from 68
likewise I would like stoc coming up from 20 and down from 80
I set a TP between 30-50 pips or if tdi starts to be naughty I just get out
nice and simple, takes me 2 mins to check all pairs
So I have so far taken 12 trades with 11 wins and 1 loss for a total of 204 pips.
Will keep posting my results
very good luck to everyone
respect

Tom (UK)
  • #2,724
  • May 16, 2011 1:41pm May 16, 2011 1:41pm
A friend of mine is tring to install this system on windows 7. For some reason can't get TDI red green to work any suggestions.
  • #2,725
  • May 16, 2011 1:43pm May 16, 2011 1:43pm
Big E,

We are all thinking of you here in the U.K and trusting you have a speedy recovery to your recent health issue.
  • #2,726
  • May 16, 2011 2:13pm May 16, 2011 2:13pm
Quoting booktimes
Hi Guys
hope everyone good and get well soon big E, god bless
I posted Thurs last week to say I had been demoing and had 6 out of 7 winners, but my agnda was to keep demoing for a month and gather all results at end of.
I work all day so only look at 4 hour chart in morning and at late afternoon when I return, I am in UK, so luckily enough I am around during London/NY, the best times to trade.
I check my 1st 4 hour candle at 7am which is when my mt4 ticks over to nxt 4 hr candle, each 4 hr candle is 7am, 11am, 3pm and 7pm etc maybe this is what...
Awesome! Keep it up and stick to your rules. Be careful not to get carried away because of the great results. You will hit a period where you may have several losers in a row, but you should be able to minimize the losses by using the TDI to exit the trades.
  • #2,727
  • May 16, 2011 2:13pm May 16, 2011 2:13pm
We are all praying for a speedy recovery for you Big E. You have helped me to change my life by sharing in the way that you have and I am truly thankful for all you have done here. Please get well soon Sir.
  • #2,728
  • May 16, 2011 2:19pm May 16, 2011 2:19pm
Quote
I'am glad you guys like the system that Eelfranz has put together.
After trading the system for about a year I can vouch for it.
The system is very profitable. The more I trade the system
the more I like it.

My suggestion is to take it slow. Develop a good feel for the
average price bars and the TDI.

This system is one of the best if not the best system in
Forex Factory. You can hang your hat on it but you gotta
learn how to trade it and develop a feel for it.

Keep up the good work and keep progressing...

snarlyjack

First off, kindest regards to Eelfranz for his generosity in sharing a system that rewards him with consistent success. Wishing him a speedy recovery to what ails him.

Secondly, much appreciation to the members that continue to offer insight into this method.

Snarlyjack, if I may ask, now that you've vetted this system for a year I was wondering if you've experienced any losing months? It appears from your posts that you consistently see success. Just curious.

As for me, I'm so new I have yet to even make my first demo trade. To stumble across this thread and, prehaps, avoid the pitfalls everyone speaks of is making me feel like a higher power is throwing me a bone.

Extreme gratitude to the team here!
  • #2,729
  • May 16, 2011 2:39pm May 16, 2011 2:39pm
Quoting kellera6
Awesome! Keep it up and stick to your rules. Be careful not to get carried away because of the great results. You will hit a period where you may have several losers in a row, but you should be able to minimize the losses by using the TDI to exit the trades.
I agree. The only time I have consistently had fake outs and lost is when I trade outside the London session (I'm in UK too). So i avoid this now. Luckily I can fit it trading 9 days a month with my work commitments. I have found this the most successful method of trading I have tried. At last my account size is increasing (target 2% per trading day- easily doable). Get well soon big E big love.
  • #2,730
  • May 16, 2011 2:46pm May 16, 2011 2:46pm
Big E
Attached Image
  • #2,731
  • May 16, 2011 2:47pm May 16, 2011 2:47pm
A question about exit rules : flat TDI , or candle color change should be checked on the time period end. Few times it happened to me – I close the trade in the middle of the candle because TDI went flat , but in the end of the time period the chart going my way . Beside that , the entry should be chosen by candle opening.
Any comments welcomed.
  • #2,732
  • May 16, 2011 3:29pm May 16, 2011 3:29pm
Quoting olegy
A question about exit rules : flat TDI , or candle color change should be checked on the time period end. Few times it happened to me – I close the trade in the middle of the candle because TDI went flat , but in the end of the time period the chart going my way . Beside that , the entry should be chosen by candle opening.
Any comments welcomed.
I always exit when PA begins to stall and the momentum slows.I find waiting till the TDI goes flat I'm either taking profit too early, or the flatting of the TDI is too late and I also loose profit. Just develop a feel of the PA.
  • #2,733
  • May 16, 2011 3:41pm May 16, 2011 3:41pm
I started trading this system at the beginning of May on a small live account (I hate demo accounts, don't believe they make you take trading seriously enough). Have taken 29 trades for 23 wins and 6 losses, of those 6 losses at least 3 or 4 were because I didn't follow the rules and went by my gut feeling ie trying to anticipate a move rather than waiting for confirmation. Account size at the beginning was only $71.82, it now stands at $197.42. Even though it is ony a very small trading account I put as much or more effort into making sure I get my entries right than I have in the past. I really want this to work and so far it is.
  • #2,734
  • May 16, 2011 3:52pm May 16, 2011 3:52pm
Quoting silversurfer
I started ...
Equity increased by 275% in about two weeks! Someone is becoming a billionaire by Forex. When you get there, don't forget us. Congratulations sir!
  • #2,735
  • May 16, 2011 4:33pm May 16, 2011 4:33pm
Quoting snarlyjack
As you can see the tdi has crossed hard on all
4 of these charts. I'am up about $100.00 just
in the last few hours.

Hope this helps...

snarlyjack
How did your trades pan out?
  • #2,736
  • May 16, 2011 4:44pm May 16, 2011 4:44pm
Quoting freebeans
A friend of mine is tring to install this system on windows 7. For some reason can't get TDI red green to work any suggestions.
Win7 is very different & here is the advice I was given and it works - close mt4 then right click on the icon and select open file location. Then look for the indicators folder & simply copy & paste (I save the unzipped file to the desktop and then just drag to the folder) to the folder. Close that window & restart mt4.
I had a little trouble with the colors so I made the candles & bars color to "None" and then loaded the HA but that shouldn't come into play with the TDI. Hope this helps, p.
  • #2,737
  • May 16, 2011 5:02pm May 16, 2011 5:02pm
Just thought I would say hello and thanks to all the contributors to this great thread.

Started reading from page 1 on Friday and, with 10 pages of copied and pasted notes in tow, finally got to the end!

Eelfranz - get well soon, the ship needs its Captain.

I spent the last 100 pages holding my breath to see if you were going to kick anyone else out

I look forward to continuing this great voyage with you all

Laurence
You don't have to be right, just don't be too wrong
  • #2,738
  • May 16, 2011 5:10pm May 16, 2011 5:10pm
Here's a neat little indicator to throw on your charts that sure helps keeping track of the profits (or losses) on current trades and back during the month. Sure saves time (particularly when your trading 8 pairs) when your trying to recap how each pair is doing.
Attached File(s)
File Type: ex4 P4L Clock.ex4   28 KB | 868 downloads
  • #2,739
  • May 16, 2011 5:15pm May 16, 2011 5:15pm
Quoting silversurfer
I started trading this system at the beginning of May on a small live account (I hate demo accounts, don't believe they make you take trading seriously enough). Have taken 29 trades for 23 wins and 6 losses, of those 6 losses at least 3 or 4 were because I didn't follow the rules and went by my gut feeling ie trying to anticipate a move rather than waiting for confirmation. Account size at the beginning was only $71.82, it now stands at $197.42. Even though it is ony a very small trading account I put as much or more effort into making sure I get...
Very nice...
  • #2,740
  • May 16, 2011 5:16pm May 16, 2011 5:16pm
And just to prove I've read it all...

Quoting chewz
Gg33 Im also from UK and my broker is AlpariUK (+1). 2scoops I trade whenever Im not workin and have free time. Day or night, I dont have a regular pattern. Altho I mainly trade london session.

I trade the exact same trades live as my demo account with a spread betting company, capital spreads. Theres no such thing as mt4 stats for spread betting brokers ...
Chewz - Smart Live UK provide spread betting on MT4, I use MT4i to publish my results

I've no affiliation with them so do your own research...
You don't have to be right, just don't be too wrong
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