Got your PM bez3000.
Thanks for the interest.
Thanks for the interest.
Trading Made Simple the right way, and other trading lessons 333 replies
Monitor for 'Trading Made Simple' system 563 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
DislikedGoing live with this system from Monday. (Not micro.)
Actually I've run a live account for the past two-and-a-bit years, using pure price action - no indicators. Although this has made consistent (if modest) gains, running TMS in tandem with my usual strategy on demo does appear to have improved my ability to get it on strong movements at the right time.
It's not so much about getting you in at the right point, but keeping you out until market conditions are favourable enough to indicate a possible trade.
As someone put very nicely earlier:...Ignored
DislikedRegarding the posts about multiple trades and lot size . . .
I have been trading this system for three years and make a living trading.
My goal is simply one signal per day from an 8 pair portfolio using this method.
[font=Verdana][color=black]I get a least 3-4 valid signals per day on the 4 Hr charts. I scalp the 1 Hr charts as well on the same portfolio which generates 6-8 signals per day during my trading sessions....Ignored
DislikedRegarding the posts about multiple trades and lot size . . .
I have been trading this system for three years and make a living trading.
My goal is simply one signal per day from an 8 pair portfolio using this method.
[font=Verdana][color=black]I get a least 3-4 valid signals per day on the 4 Hr charts. I scalp the 1 Hr charts as well on the same portfolio which generates 6-8 signals per day during my trading sessions....Ignored
QuoteDislikedJust my opinion and probably not the thread to be talking about this
DislikedI have had this indicator for a while.
It was written in 2006 and is very basic.
I do not used the Volatility Bands and have changed the colors on these to "none."
Black Line is RSI
Lime is TSL = Trade Signal Line
Dodger Blue Line is MBL = Market Base Line.Ignored
QuoteDislikedAny thoughts?
DislikedLain
Dear Lain,
I hesitate to comment as I have so many thoughts . . . and don't want to risk being too critical.
My first thought in looking at your charts is they are very "noisy" and look nothing like the author of this thread intended. No Heiken Ashi candles, additional indicators, etc. What is on there and why?
Next, if I look at the trade set ups per the rules of this system, they look fine. I did not count the winners vs. losers, but I see profitable trades.
I am not sure what you saw or how your reacted to the signals....Ignored
DislikedGood Morning all you fabulous traders....
I started trading full lots last year... tiring of $1 a pip. Takes the same amount of work... why not get paid for it? Often shooting for $500-$1,000 PER EVENING.
iT'S NOT UNCOMMON TO FIND 3-6 TRADE SET UPS PER EVENING.
[font=Comic Sans MS][size=3][color=#0000ff]Sometimes...Ignored
Disliked3-6 pairs hitting out of the 8? Maybe I'm being too conservative but I only find on average 1 or 2 positions. I'm just afraid of reversals. Especially with no stop loss.Ignored