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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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Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #11,701
  • Sep 20, 2011 1:37am Sep 20, 2011 1:37am
Quoting Callisto
OK, fair enough, link that demo to MYFX BOOK and we will see if you are still trading / liking the system this time next month, heck, I might still be in my trade next month, it's possible
Nice trade....can you mark the candle you entered on please??
  • #11,702
  • Sep 20, 2011 2:06am Sep 20, 2011 2:06am
Quoting dean
Nice trade....can you mark the candle you entered on please??
Sure, broker time says 1-9-2011 @ 12:39 if that is any help
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OPPORTUNITY IS NOWHERE
  • #11,703
  • Sep 20, 2011 2:55am Sep 20, 2011 2:55am
Quoting hinnavaru
EelFranz

Thanks for the heads-up. I noticed the PA and wouldn't have entered the trade just yet.

This strategy sits very well with what I have been following previously. There wasn't much to add to my existing charts except the TDI and it makes a lot more sense now.

No, Hinnavaru does not definitely sound British. I live in London though...
Hinnavaru - mean Hinna + varu , what mean "Price cap"- mean you are originallly from Estonia
  • #11,704
  • Sep 20, 2011 3:19am Sep 20, 2011 3:19am
Quoting finisherof
Fufighter what are the 2 moving averages you have on your chart and how do you use them


I think ...

Top of Channel = 5 period, High
Bottom of Channel = 5 period, Low
  • #11,705
  • Sep 20, 2011 3:55am Sep 20, 2011 3:55am
Quoting porschefan
I think ...

Top of Channel = 5 period, High
Bottom of Channel = 5 period, Low
I predict the question will be -

Is the 5 period :

- Simple
- Exponential
- Smooothed
- Linear Weighted

OPPORTUNITY IS NOWHERE
  • #11,706
  • Sep 20, 2011 4:03am Sep 20, 2011 4:03am
For the most part this thread is amazing.... it's an invaluable learning tool and the vast majority of members who participate are kind, courteous and incredibly generous. Every now and then there's someone who isn't.

From Eelfranz's first post:

I am very protectful of all our members. We don't have a stressful thread... no name calling allowed. I'll delete anyone who starts any problems. If you have a problem PM me and don't post it. If your not happy... please move on quietly. I'd do the same for you. You want Stress Free learning... come join us...
  • #11,707
  • Sep 20, 2011 5:07am Sep 20, 2011 5:07am
Quoting Callisto
I predict the question will be -

Is the 5 period :

- Simple
- Exponential
- Smooothed
- Linear Weighted

The answer is simple
  • #11,708
  • Sep 20, 2011 5:19am Sep 20, 2011 5:19am
closed A/U, +35 pips A/J +24 pips

Today is a fine day for me
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  • #11,709
  • Sep 20, 2011 5:58am Sep 20, 2011 5:58am
fufighter:
which broker u use,, coz ur time on graph is different from mine local time...
  • #11,710
  • Sep 20, 2011 7:13am Sep 20, 2011 7:13am
Several nice moves on the Hourly on the London session. Jumped in on this EUR/USD right at 3am (EST) and hit target before next candle! The AUD/USD was similar. +110 very fast pips. Rock and Roll.

Thanks Pipiness for posting that request from Big-E. I think about that often when things get pushy. In my opinion, just an unnessacary distraction to our common goal. Pips!
Attached Image
  • #11,711
  • Sep 20, 2011 7:19am Sep 20, 2011 7:19am
Quoting 239 Pips
fufighter:
which broker u use,, coz ur time on graph is different from mine local time...
I trade with Fxopen but i use MT4 in FXDD.
  • #11,712
  • Sep 20, 2011 8:53am Sep 20, 2011 8:53am
I've been posting some of my winners, but here's one that I took that just didn't work out. I got long on the blue candles in the box, got right out on the first red candle. Twenty pip loss.
However, the drop that followed I was also involved in. Made it all and then some back.
Attached Image
  • #11,713
  • Sep 20, 2011 8:57am Sep 20, 2011 8:57am
Quoting azFin
Jason, this market sessions indicator is much easier to read in my opinion. If you can't get the attached version to work correctly with your broker(may need to change GMT time in the code), check out this thread. http://www.forexfactory.com/showthre...97#post4943497
Looks like this is better than the one I used before. Thanks for sharing.
  • #11,714
  • Sep 20, 2011 9:09am Sep 20, 2011 9:09am
Quoting Stackhouse
Looks like this is better than the one I used before. Thanks for sharing.
No problem, just make sure each session lines up correctly with your broker. I had to adjust the GMT settings slightly because it was an hour short for each session but I only did that for GMT 0 which my broker uses. I also adjusted the default colors so its a little easier on my eyes and added some code so it doesn't draw the sessions on timeframes higher than 1 hr or it ends up making the chart way too cluttered. Check out the original source thread or let me know if you have any issues with it. Enjoy!
"... and money is the answer for everything." Ecclesiastes 10:19
  • #11,715
  • Sep 20, 2011 9:14am Sep 20, 2011 9:14am
Quoting FXSurf
Several nice moves on the Hourly on the London session. Jumped in on this EUR/USD right at 3am (EST) and hit target before next candle! The AUD/USD was similar. +110 very fast pips. Rock and Roll.

Thanks Pipiness for posting that request from Big-E. I think about that often when things get pushy. In my opinion, just an unnessacary distraction to our common goal. Pips!
Nice trading FXSurf, can i ask what made you take this trade and not the last cross up? Just working out what makes you take the trade.
  • #11,716
  • Sep 20, 2011 9:27am Sep 20, 2011 9:27am
Quoting Whiteflame
Nice trading FXSurf, can i ask what made you take this trade and not the last cross up? Just working out what makes you take the trade.
I assume you're refering to the one blue candle which came a few hours before? If that is the situation...I was asleep.
I'm EST and set the first alarm at 2am. Didn't see anything at that time. At 3am, price had clearly closed UP with a fresh blue candle across the 5MA and the bottom indicators were in agreement. I was in. 4am alarm and it was all over. The hourly alarms durning the night are a bitch, but they pay.
  • #11,717
  • Sep 20, 2011 9:36am Sep 20, 2011 9:36am
Hi Fufighter,I noticed that you closed your A/U and A/J trades with a profit. What compelled you to close them when you did. Did you notice something going on in your charts because it looks like the TDI and stochs were still in good shape. Not trying to be critical, just trying to learn from the experienced traders
  • #11,718
  • Sep 20, 2011 9:38am Sep 20, 2011 9:38am
Quoting Callisto
I agree, but an integral part of that is POSITION SIZE

All trades but 1 are showing the same, it is not possible to trade, either demo or real, for very long in this fashion. The STOP LOSS needs to be established first, then calculate the Position Size according to your RISK, normally 2% is suggested.

Well, that is if you want to learn to trade, and test a method, as if it is your own, real money and not just try for maximum gains to impress FF.

The correct Position Size can be a complex calculation, with...

Here is a trading script I knocked up to to handle that calculation.

You position the stop and it calculates the position size before placing the trade. Buy/sell is determined by the stop line (spot above price + sell, stop below price = buy).

Ticket = 0 means that the stop was too large for the % risk you selected (default is 2%)

Note: Open_position.mq4 goes into the scripts folder and Money_mgmnt.mqh must go in your include folder as in the zip file (youcan unzip it straight to your experts folder and they's land in the right spot.

Attached File(s)
File Type: zip Trading scripts.zip   2 KB | 662 downloads
  • #11,719
  • Sep 20, 2011 9:51am Sep 20, 2011 9:51am
can any 1 tell me exact time difference bw GMT and the one mentioned by big E...
  • #11,720
  • Sep 20, 2011 9:54am Sep 20, 2011 9:54am
OR more precisely...
which server time is suitable for TF 4hr trading...
1: GMT
2:GMT+1
3:GMT+2
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