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Trading Made Simple

  • #9,001
  • Jul 29, 2011 8:59am Jul 29, 2011 8:59am
Quoting dcginc
Erebus

The key fib levels of .382, .618 and extensions of 1.27 and 1.618 are magnets for price. It is uncanny how these levels are always in play during price action - even on a 1 minute chart. I use them exclusively in a different strategy and have a very high success rate using them as profit targets. Nice illustration.
dcg, how exactly DO you trade??
  • #9,002
  • Jul 29, 2011 9:04am Jul 29, 2011 9:04am
HA from another point of view.
only a small contribution, I just found it interesting to share
author's site: http://codebase.mql4.com/5819
Attached Image (click to enlarge)
Click to Enlarge Name: ha_real.gif Size: 30 KB
Humble & Kalcker CLO2 = Covid killer
  • #9,003
  • Jul 29, 2011 9:16am Jul 29, 2011 9:16am
milicentfx
Quote
dcg, how exactly DO you trade??

I use TMS primarily as a trend following day/swing system. I also use an advanced pattern recognition counter trend divergence system that is based on ratio confluence and fibs using price action only for swing trading. I will trade TMS counter trend if the set ups are there.
  • #9,004
  • Jul 29, 2011 9:29am Jul 29, 2011 9:29am
Quoting dcginc
milicentfx

...advanced pattern recognition counter trend divergence system that is based on ratio confluence and fibs...
Try saying that after half a dozen pints of old peculiar.

Which reminds me, it's the weekend. Have a good one all!
  • #9,005
  • Jul 29, 2011 9:38am Jul 29, 2011 9:38am
DaveUK
Quote
Try saying that after half a dozen pints of old peculiar.

Easier to trade than it is to describe!
  • #9,006
  • Jul 29, 2011 9:53am Jul 29, 2011 9:53am
Quoting dcginc
milicentfx

I use TMS primarily as a trend following day/swing system. I also use an advanced pattern recognition counter trend divergence system that is based on ratio confluence and fibs using price action only for swing trading. I will trade TMS counter trend if the set ups are there.
Damn, that's too scientific for me, I just use a robot named GEM
Attached Image (click to enlarge)
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MAY THE TREND BE WITH YOU
  • #9,007
  • Edited 2:27pm Jul 29, 2011 10:06am | Edited 2:27pm
Erebus
Quote
Damn, that's too scientific for me, I just use a robot named GEM

Don't use robots myself, but if you're having success with them, fantastic!

I just answered the question - didn't mean to go overboard!
  • #9,008
  • Jul 29, 2011 10:21am Jul 29, 2011 10:21am
Quoting dcginc
Erebus

The key fib levels of .382, .618 and extensions of 1.27 and 1.618 are magnets for price. It is uncanny how these levels are always in play during price action - even on a 1 minute chart. I use them exclusively in a different strategy and have a very high success rate using them as profit targets. Nice illustration.
It aint that amazing....if you all put even numbers on your chart..using an indicator or whatever, you will find price is attracted to them...BigE has mentioned this many times.....put the indicator on your chart and you will see....this is a numerical anomoly..........fibs and all the other crap obly ever line up afterwards.....fibd are no big deal.....fibs more often than not line up with the even numbers that price is attracted to in the first place.
n2 charts attached...first one is even numbers...second one is fibs......fibs are only relevant because they are moderatley close to even numbers.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: chart.jpg Size: 123 KB
  • #9,009
  • Jul 29, 2011 10:47am Jul 29, 2011 10:47am
Quote
fibs are only relevant because they are moderately close to even numbers.

I did not know that.
  • #9,010
  • Jul 29, 2011 11:04am Jul 29, 2011 11:04am
Good day all ForexFactory community and special thanks goes to Big E for a great system. So, my problem is that I did backtesting and I can't figure out how those losers could be filtered out. Any help will be appreciated.

http://i56.tinypic.com/2li8sbo.gif

http://i51.tinypic.com/20rvh2q.gif

http://i55.tinypic.com/29bhnom.gif

http://i54.tinypic.com/285ta8.gif

http://i52.tinypic.com/334q6qg.gif
  • #9,011
  • Jul 29, 2011 11:09am Jul 29, 2011 11:09am
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting Erebus
Damn, that's too scientific for me, I just use a robot named GEM
Are you testing the robot in a demo account?
I couldnt tell since you have blacken out the top of the MT4 to see if it was a demo or live account.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,012
  • Jul 29, 2011 11:31am Jul 29, 2011 11:31am
Quoting GT_Pips
Are you testing the robot in a demo account?
I couldnt tell since you have blacken out the top of the MT4 to see if it was a demo or live account.
Yes, I did, real or demo, numbers are the same

gem
n.
1. A pearl or mineral that has been cut and polished for use as an ornament.
2.
a. Something that is valued for its beauty or perfection: a little gem of a book.
b. A beloved or highly prized person.
3. A type of muffin.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_0003.jpg Size: 316 KB
MAY THE TREND BE WITH YOU
  • #9,013
  • Jul 29, 2011 12:55pm Jul 29, 2011 12:55pm
Hey Traders, does anyone know the difference between these two TDI's

Think they do the same thing but one is much faster than the other one. Can anyone confirm this for me. Thanks for the help.
Attached File(s)
File Type: mq4 TDI Alert Crossover.mq4   9 KB | 748 downloads
File Type: mq4 TDI_TradeAnnouncer.mq4   16 KB | 581 downloads
  • #9,014
  • Jul 29, 2011 1:13pm Jul 29, 2011 1:13pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting Erebus
Yes, I did, real or demo, numbers are the same

gem
n.
1. A pearl or mineral that has been cut and polished for use as an ornament.
2.
a. Something that is valued for its beauty or perfection: a little gem of a book.
b. A beloved or highly prized person.
3. A type of muffin.
Cant buy a case of beer with demo dollors.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,015
  • Jul 29, 2011 1:16pm Jul 29, 2011 1:16pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting 2121
Good day all ForexFactory community and special thanks goes to Big E for a great system. So, my problem is that I did backtesting and I can't figure out how those losers could be filtered out. Any help will be appreciated.

http://i56.tinypic.com/2li8sbo.gif

http://i51.tinypic.com/20rvh2q.gif

http://i55.tinypic.com/29bhnom.gif

http://i54.tinypic.com/285ta8.gif
By going down to a 4H chart and following the rules laid out by Big E.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,016
  • Jul 29, 2011 1:20pm Jul 29, 2011 1:20pm
Quoting Erebus
Really? I have Windows 7, 64-bit and didn't think I was doing anything special with MT4 files... please enlighten as I'm sure many Win7 users nowadays, thanks
I read this on another forum as I was searching for an answer as to why a downloaded indie was not showing up: "you could right click on the mt4 icon and select open file location. then look for the indicators folder and simply copy and paste it into that folder. Then close that window. If mt4 is running close it and restart. that should do it. that's how I add all my files to mt4 whether it's indicators, experts, dll's or whatever."

I did exactly the above and no problems. My computer guru, who knows nothing re. forex indicators, told me that Win7 for security purposes is folders specific; a hacker would have to get into the specific folder. But who uses passwords for every folder? I have both 32 & 64 bit so I don't know if that complicated downloading for me or not. Doesn't matter now as the above instructions did the job. I hope some of you find this helpful. p.
  • #9,017
  • Jul 29, 2011 1:30pm Jul 29, 2011 1:30pm
Quoting GT_Pips
Cant buy a case of beer with demo dollors.


Well according to a post in another trading systems forum...

Quoting Erebus
Oh, by the way, just in case you think I'm a total idiot, here is the robot I really trust with real $$$
Something smells of.. hmmm how can I put this...

Wonder if he has historical data? A week? a month? A year? That would be interesting.
  • #9,018
  • Jul 29, 2011 1:39pm Jul 29, 2011 1:39pm
Quoting Erebus
You got it !!!
Hi.

Can share this indicator with me please.

Serge
  • #9,019
  • Jul 29, 2011 1:46pm Jul 29, 2011 1:46pm
Quoting RogerVF
I'd say TDI was already on the fourth consecutive fake cross, and crossing angle sure wasn't ideal. Get yourself an indicator capable of measuring TDI slope such as TMS Watchdog and trade only if crossing slope is bigger than 4.5 (ideally bigger than 5 or 6, but 4.5 seems ok for H4).

AUD/USD is being watched for long if angle stays >4.5 as it is right now.

One thing I'm doing and seems to be working fine is to turn to M15 before entering the H4 trade and, if it's moving against it, wait for a TDI cross in the right direction. EUR/USD bad signal...

Hi, where can this TMS TDI Watchdog be acquired? Thanks.
  • #9,020
  • Jul 29, 2011 2:10pm Jul 29, 2011 2:10pm
Quoting Graff
Hi.

Can share this indicator with me please.

Serge
In a word, no

You don't really want it, as DaveUk kindly pointed out, it is part of a proprietary system that stinks of BS, not to mention, you can not buy beer with demo dollars, according to GT_Pips

I'm sure either of them would be willing to share their highly successful systems and indicators with you
MAY THE TREND BE WITH YOU
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