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Trading Made Simple

  • #3,401
  • May 21, 2011 3:12pm May 21, 2011 3:12pm
Quoting Incrediblle
Demo result of 4 days trading with this method....
Nice results. But are your trading the demo on daily chart or which time frame?

Another questions is elfanz seems to have an alarm in the mt4 EA that will go off when signal come. Do you have any of this EA? How do I install it?
  • #3,402
  • May 21, 2011 3:15pm May 21, 2011 3:15pm
Quoting Incrediblle
I am all set to go live again now with this method...wish me luck
Hi Incrediblle

Best of luck with your live trading. How much per pip will you be trading.

Fred
  • #3,403
  • May 21, 2011 3:20pm May 21, 2011 3:20pm
Quoting Incrediblle
Tip for every one...I found it useful.


no matter which time frame u are using may be 4hr or 1 hr make sure u keep an eye on daily support and resistance as well as trend.
Incrediblle
What precisely do you mean by daily support. Are you referring to previous daily levels.

Fred
  • #3,404
  • May 21, 2011 3:25pm May 21, 2011 3:25pm
Synergy_APB_4TF_Bars..mq4(post) , Is anyone using this indicator, I have been trying to make use of it without success. It causes various malfunctions of my platform , have tried 2 different platforms and 2 different computers.
Thank You
Frank
  • #3,405
  • Edited 4:21pm May 21, 2011 3:49pm | Edited 4:21pm
You really need to read the entire thread. If you are new to forex you should first study www.babypips.com also. The TDI indicator is on this thread in several places, including post 25.

Good Luck


Quoting Flyaway69
Hi there

I am very new to Forex. But I already managed to loose my account twice. Still, I am not giving up. No, I am even more interested in Forex.

Reading your thread about the TDI really impressed me.
So I was looking in my platform if I can find this one. But, no success.

Can u give me any hints how to find it and what are your settings for the TDI?

I really thank you for your help and I wish you all the best and always

Good trading
Marcel
Read the entire thread BEFORE you ask questions!
  • #3,406
  • May 21, 2011 4:22pm May 21, 2011 4:22pm
Quoting mannai70
Hey Everyone,

In your opinion what would you think would be best for TP with this method trading off of the H1 charts.

1)A set amount of pips?

2)When the TDI gives you an exit signal?

Thank in advance
Hey,

As mentioned before somewhere on here by Big E himself, the methodology stays the same on any TF. Try backtesting with the current method on H1 and see if you like the results.

You can lose out on a great run by setting yourself short with a set amount. Also as with a static TP, it does not work for each pair. For example, a 100 pip TP on EUR/GBP and a 100 pip TP on GBP/JPY (AKA The Beast) is completely different. Just listen to the TDI and let it do the work for you.

Work smarter not harder.

IL-Z
“Control, control, you must learn control!” - Yoda
  • #3,407
  • May 21, 2011 4:33pm May 21, 2011 4:33pm
Quoting xp3000
Hi,

I'm looking to start using this method with my live account starting with 1k at 10 pip only trading on GBP/USD to start off with, hoping to make around 40pips a day using this system.

one other question does this system work with i.e. FTSE 100, DOW or just Forex?

With my 1K account i'm going to go with 10 pip with 70 SL so risk management of 70% however the entries i enter I'll weigh up other factors like price res etc..

I'm hoping to get to 10k then go to 1% risk management, so would it be fair to say with this system you could...
Hello,

I want to say 1st that I am not judging you at all. i understand that the funds you are using are expendable, but you R:R is so out of balance. If you want to play around with this live, which you should as demo IS NEVER THE SAME AS LIVE. EVER, trade with 1 not 10. Heres why:

If you run into some bad trades, everyone does, all you need is 2 bad trades and your done. Now what? Wait till you have another 1K you dont care about?

You can do well with this and turn 1K into more in a fair amount of time.

Also, I dont believe in using a static SL. 70 pips on G/U might be ok but it depends. Use 2% or even 5% SL. SL should be adjusted to the markets, not the trader.

My 2P

IL-Z
“Control, control, you must learn control!” - Yoda
  • #3,408
  • May 21, 2011 4:36pm May 21, 2011 4:36pm
Hello All
where to get that yellow line in the TDI ?
  • #3,409
  • May 21, 2011 5:16pm May 21, 2011 5:16pm
Quoting olegy
Dean , I actually playing with editing templates for the first time, so don't expect from me more that I can But there is it : template with ema in HA window
Thank you very much I really appreciate it. I wish I understood how you did it so I could do it myself. I dont understand what you mean by open in notepad?? Can you please explain
  • #3,410
  • May 21, 2011 5:39pm May 21, 2011 5:39pm
does anyone have that indicator which separates outs the market days
  • #3,411
  • May 21, 2011 6:04pm May 21, 2011 6:04pm
Quoting mannai70
does anyone have that indicator which separates outs the market days
I don't really know what you want but: In mt-4; go to properties , common tab , and click on "show period seperators". (lower right). Hope that's what you need.
Hej.
  • #3,412
  • May 21, 2011 7:55pm May 21, 2011 7:55pm
Quoting Stitch961
I don't really know what you want but: In mt-4; go to properties , common tab , and click on "show period seperators". (lower right). Hope that's what you need.
thanks I guess I was just mistaken. That's what I needed.
Thanks Again
  • #3,413
  • May 21, 2011 8:11pm May 21, 2011 8:11pm
Quoting dean
Thank you very much I really appreciate it. I wish I understood how you did it so I could do it myself. I dont understand what you mean by open in notepad?? Can you please explain
Hi Dean. If you change the extension (of the file name) of the template from .tpl to .txt, then it will open in Notepad, and you can edit it. Then when you are finished, change it back to .tpl. Dont worry about the warning you get saying ........it may become unusable etc.
Hope it helps.
  • #3,414
  • May 21, 2011 8:40pm May 21, 2011 8:40pm
It's the weekend and I am bored. A lot of good talk amongst the 5E crew re entries and SL, but it is worth looking a bit more closely at "reward" in your trade selections. We all know when we should be technically closing positions (TDI green hook/flat), but prior to entry picking trades with 1:1 or 1:2 at least may be helpful in picking the best trades / not over-trading / over-leveraging.

To help make this assessment you can modify your MT4 Fib Tool as per my chart. This is not my idea so I take no credit but it is useful in evaluating potential entries. To do it, just put the standard fib on your chart, open properties and modify as per below:

0% = S/L
100% = EP
200% = 1:1
300% = 2:1 etc..

To put the actual value leave a space and type: -%$
e.g. 1:1 -%$

Close the fib and then re-apply to chart, by putting your cursor on your entry point and drag it to your desired SL level. Once I put my trade on I usually delete it so it does not clutter up my chart.

I hope this makes sense and helps.
Attached Image (click to enlarge)
Click to Enlarge Name: fib tool suggestion for 5e crew.gif Size: 13 KB
  • #3,415
  • May 21, 2011 8:50pm May 21, 2011 8:50pm
Don't know if anyone has noticed this problem but when I right click on any chart and press for indicators list the list does not appear and the MT4 programme freezes and I have to go to task manager to get out of it, no matter which version of MT4 I use (I have 3 or 4 for playing around with and one for my live account), so I can't change any of the indicator parameters on the fly. I have re-booted etc, cleared all indicators on a chart and then put up one at random and the same happens, any thoughts is it my system or something to do with the latest MT4 update?

Alex
  • #3,416
  • May 21, 2011 9:19pm May 21, 2011 9:19pm
Quoting adowland
Don't know if anyone has noticed this problem...

Alex
I have 2 computers. The one I use for trading only works fine. On the other one I have the same problem. I even uninstalled MT4 & reloaded it from the broker but it still locks up.
My favorite crochet hook is size J. It's a J-Hook!
  • #3,417
  • May 21, 2011 9:20pm May 21, 2011 9:20pm
Quoting hawaii5000
...0% = S/L
100% = EP
200% = 1:1
300% = 2:1 etc..
To put the actual value leave a space and type: -%$
e.g. 1:1 -%$...
That is pretty fresh! Learn something new every single day.
  • #3,418
  • May 21, 2011 9:53pm May 21, 2011 9:53pm
Quoting hawaii5000
It's the weekend and I am bored. A lot of good talk amongst the 5E crew re entries and SL, but it is worth looking a bit more closely at "reward" in your trade selections. We all know when we should be technically closing positions (TDI green hook/flat), but prior to entry picking trades with 1:1 or 1:2 at least may be helpful in picking the best trades / not over-trading / over-leveraging.

To help make this assessment you can modify your MT4 Fib Tool as per my chart. This is not my idea so I take no credit but it is useful in evaluating...
Quite a nice idea. Could be useful, but its a pity we cant have an additional Fib Tool, just for this. Shame to have to use the built in Fib tool, because it is useful sometimes. Thanks for the good idea.
  • #3,419
  • May 21, 2011 11:16pm May 21, 2011 11:16pm
Quoting ken911
Hi Dean. If you change the extension (of the file name) of the template from .tpl to .txt, then it will open in Notepad, and you can edit it. Then when you are finished, change it back to .tpl. Dont worry about the warning you get saying ........it may become unusable etc.
Hope it helps.
Hi Ken,
Thank you very much, I will give it a go. Much appreciated
  • #3,420
  • May 22, 2011 1:21am May 22, 2011 1:21am
Hi all, would like to know, if enter with either base on 1hr, or 4hr chart, do we check on lower tf for better entry price?

Thanks.
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