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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

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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

  • #9,441
  • Edited 3:26pm Aug 8, 2011 3:14pm | Edited 3:26pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting ivanhoekg
Well, it is 500eur/lot on demo, but what counts realy is number of pips and that is 176 in 5 hours.
Not sure if its the number of pips that count
1 lot (176 pips) = $1760
5 hours or
how long you want to wait around in a trade.
5 lot(36 pips) =$1800. 10 mins then go out and enjoy the day or night.

But since your just on demo, you can take all the time you need to gather up pips.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,442
  • Aug 8, 2011 3:21pm Aug 8, 2011 3:21pm
Who has indicator of who isn't sorry. Thank you.
Attached Image (click to enlarge)
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  • #9,443
  • Aug 8, 2011 3:27pm Aug 8, 2011 3:27pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting Julia UA
Who has indicator of who isn't sorry. Thank you.
Huh..
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,444
  • Aug 8, 2011 3:40pm Aug 8, 2011 3:40pm
Quoting GT_Pips
Huh..
Thank you GT_Pips, that my message not was left without attention.
  • #9,445
  • Aug 8, 2011 3:46pm Aug 8, 2011 3:46pm
Quoting Julia UA
Thank you GT_Pips, that my message not was left without attention.
Julia

Are you asking for the indicator that you have pictured?
  • #9,446
  • Aug 8, 2011 3:48pm Aug 8, 2011 3:48pm
Julia UA:
wouldn't worry too much about this indicator, it's NOT part of this system; looks like an oscillator in bar mode.
I would say stick to the strat: TDI + Stoch.
  • #9,447
  • Aug 8, 2011 3:55pm Aug 8, 2011 3:55pm
Julia UA:
but if you insist I just checkrd and it is in the attachments to the thread, look for TMS-Osc.mq4,
Access attachments clicking on paperclip icon upper right.
  • #9,448
  • Aug 8, 2011 4:22pm Aug 8, 2011 4:22pm
All I use is the TDI and Stochs for confirmation.

I hope many of you made a killing on the recent E/U moves... Great news to move the market... I bought a bigger wheel barrow...
  • #9,449
  • Aug 8, 2011 4:34pm Aug 8, 2011 4:34pm
  •  GT_Pips
  • | Joined Jun 2011 | Status: Dont hate what you dont understand. | 71 Posts
Quoting eelfranz
All I use is the TDI and Stochs for confirmation.

I hope many of you made a killing on the recent E/U moves... Great news to move the market... I bought a bigger wheel barrow...
Yes I did thanks to your great system.
Follow it as you laid it out.
I didnt add any extra indicators and other crap to it and just follow the rules of the system.
4 hour time frames equal low stress , lots of cash and a flat tire on the wheel barrow from over weight.
He who wanders, never gets lost. No good deed goes unpunished.
  • #9,450
  • Aug 8, 2011 5:01pm Aug 8, 2011 5:01pm
Hello everybody,

2 words Great System!
Today's trading 210 pips on eur/usd, gbp/usd, eur/aud and eur/jpy.
Anyone watching usd/jpy now?, waiting for a cross soon!

Tanks for sharing this great system!
  • #9,451
  • Aug 8, 2011 5:03pm Aug 8, 2011 5:03pm
Hi All
Does anyone know where I can get the MQ4 file for the above indicator?
I am trying to change the line thickness from 3 to 2 on the body of the candle.
The version that I have does not keep the setting of 2 on line 2 and 3 when I change timeframes etc.
Thanks in advance.
FXArcher
Attached Image
  • #9,452
  • Aug 8, 2011 7:34pm Aug 8, 2011 7:34pm
Good Morning all

Went live last night 3 trades E/A E/U G/U 62 pips profit installed 20 pip trailing stop loss after all 3 went into positive territory to lock in profits. Thanks Big E
  • #9,453
  • Aug 8, 2011 8:43pm Aug 8, 2011 8:43pm
Quoting fxarcher
Hi All
Does anyone know where I can get the MQ4 file for the above indicator?
I am trying to change the line thickness from 3 to 2 on the body of the candle.
The version that I have does not keep the setting of 2 on line 2 and 3 when I change timeframes etc.
Thanks in advance.
FXArcher
Yes, click on the the darn paperclip, it is buried in there somewhere!!!

Also, anyone using these bars or any form of HA candles, you really should watch the candles when they rollover on the hour just to see how they actually plot, have the bid / ask line on the chart to see where price really is, then see the new candle form, might change your mind about them, at least that will explain to you how they hypnotize you, what is wrong with using regular candles anyway, the only reason Dean Malone invented these was to keep him in a trade longer but doesn't seem to work for this 4 H scalping system, have nice day ya'll
OPPORTUNITY IS NOWHERE
  • #9,454
  • Edited 9:07pm Aug 8, 2011 8:57pm | Edited 9:07pm
Hi, guys!

Thanks for this system and big THANK YOU to Big E.

What do you think about USD/JPY on daily? Cross is good, overall trend is down.
Green area represents a potential support to watch out for.

It is on the OANDA MT4.

Also I have a question:
- Settings on the indicators stays the same no matter what time frame we are looking at, correct?
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"All good things come to those who wait..."
  • #9,455
  • Aug 8, 2011 9:23pm Aug 8, 2011 9:23pm
CAN YOU SEE IT NOW?
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OPPORTUNITY IS NOWHERE
  • #9,456
  • Aug 8, 2011 9:38pm Aug 8, 2011 9:38pm
Quoting GT_Pips
Well the major system rule broken is that your trading a weekly chart and the rules are for an H4 chart.
I've read this thread through and through, I have only read Big E say it's good on any chart TF, however HE generally trades the 4h for the London session and 1hr for the first couple of the NY session, and avoids news / other sessions. I have not read anywhere that the TMS system was specifically for the 4h TF...

Am I reading this thread wrong? I have read from the start to the finish twice now and keynoted all of Big E's posts....
  • #9,457
  • Aug 8, 2011 10:10pm Aug 8, 2011 10:10pm
Kelset,

"I've read this thread through and through, I have only read Big E say it's good on any chart TF, however HE generally trades the 4h for the London session and 1hr for the first couple of the NY session, and avoids news / other sessions. I have not read anywhere that the TMS system was specifically for the 4h TF..."

- Big E states that he uses 4H Charts for the London session and start of US Open first 3 hours using 1 Hour charts.

- People have tried other timeframes like M15 and H1, but from what I find it generally is not as accurate as 4H Timeframes. This trade strategy is specifically made for 4H Charts. Also, you should close your positions before the market closes.
  • #9,458
  • Aug 8, 2011 10:37pm Aug 8, 2011 10:37pm
Quoting hyperspeeds3
Kelset,

"I've read this thread through and through, I have only read Big E say it's good on any chart TF, however HE generally trades the 4h for the London session and 1hr for the first couple of the NY session, and avoids news / other sessions. I have not read anywhere that the TMS system was specifically for the 4h TF..."

- Big E states that he uses 4H Charts for the London session and start of US Open first 3 hours using 1 Hour charts.

- People have tried other timeframes like M15 and H1, but from what I find it generally is not as...
I'm simply saying that Big E himself has said several times in this thread that it works on any TF, however his preference is the 4hr due to his time zone and the hours of his favorite trading session (london). If I understand correctly his repeated statements of "it works on any timeframe" is correct, then indeed it was designed to work with whichever timeframes you use. I agree that it's EASIER to make a profit on the 4h tf (atleast per my own experience) over using it on the lower time frames. This does not mean that the system itself with the use of fx basics does not work on any time frame.

While it's my personal preference to ensure I have no cross weekend trades, I personally would avoid using a TF that forced me into crossing that period. I guess what I don't understand is where these extra rules are coming from that were never part of the system? (BTW, I appreciate the comment as it provokes thought, please don't take my comments as combative when they are more inquisitive)
  • #9,459
  • Aug 8, 2011 11:03pm Aug 8, 2011 11:03pm
Trade the rules. It works!
Just took a long position on the 4H EG. Be back later!
Attached Image (click to enlarge)
Click to Enlarge Name: eg h4.jpg Size: 123 KB
  • #9,460
  • Aug 8, 2011 11:11pm Aug 8, 2011 11:11pm
Quoting Keltset
I've read this thread through and through, I have only read Big E say it's good on any chart TF, however HE generally trades the 4h for the London session and 1hr for the first couple of the NY session, and avoids news / other sessions. I have not read anywhere that the TMS system was specifically for the 4h TF...

Am I reading this thread wrong? I have read from the start to the finish twice now and keynoted all of Big E's posts....
You are correct - it works on different timeframes and instruments. Some better then others, but if you thoroughly test it on the TF and instrument you prefer to trade you will see the ebb and flow for that particular market/TF and then you can make the judgement to trade it for real.

Just know if you choose weekly your swings will be larger so position size should be smaller to accomodate the larger stops needed. There is a simulator in the attachements of this thread it will help you practice.
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