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Trade What You See - Almost Naked Trading

  • #17,761
  • Edited 11:42pm Sep 22, 2011 10:16pm | Edited 11:42pm
Hi every one i want to say thnx to all members of this thread or their efforts but i was wondering if someone could help me about TDI indicator my question is what is the right signal i should be looking for as a conf of the BO and the levels of 50,32,68 how it could be helpfull to me > thnx again
  • #17,762
  • Edited 10:51pm Sep 22, 2011 10:16pm | Edited 10:51pm
Impressive 1st post -and welcome to FF, Fullpip!

Last week we started to put the reason for taking/not taking the trade setups next to our charts.

Basic idea behind this was to learn more about the different ways of how to filter out the trades with the highest probabilities.
We all can see when RSI point up or down but might chose to take /not take the trade based on trader specific reasons.

Pippete, Maudur, I and others use different approaches for the filtering process but we mainly end up taking the same setups

Maudur, I put the TDI indi on my charts and will test it -thanks!

I hope lawgirl would have some time left to guide us from here.

Cheers
Andreas


Quoting Fullpip
Hi everyone,
I am new to forex. This is my first post on FF. I have been following this thread for some time. Like it a lot. Am trying to learn and emulate it. My path is similar to Maudur's. Disovered LG, liked it, am working on it, got TDI mentioned, went to big E's, ended up with a screen like Maudar's. Still trying to wrap my head around it. Easy to pull trigger on demo acct.. It will take time to come together..
  • #17,763
  • Sep 22, 2011 10:55pm Sep 22, 2011 10:55pm
I'm also new to this thread, and seems like a good thread to me. My questions is, which pair is suggested to be monitored? Since this method can be used for many pairs.
  • #17,764
  • Sep 22, 2011 11:26pm Sep 22, 2011 11:26pm
Quoting lwiharjo
I'm also new to this thread, and seems like a good thread to me. My questions is, which pair is suggested to be monitored? Since this method can be used for many pairs.
Most of us prefer the majors because of the lower spread, which is important when trading on lower TF like H1 and below.

EURUSD, GBPUSD, EURJPY, GBPJPY, AUDUSD, USDCAD, USDCHF should be the pairs on all brokers with the lowest spread.
  • #17,765
  • Sep 22, 2011 11:46pm Sep 22, 2011 11:46pm
Hi maudur, care to shed some lights on how these points are determined? So that I can see where it is headed, and perhaps spot a reversal if that happens. Thanks.

Quoting maudur
Buy and Sell EAS using Fibonacci levels

In these EAs you need select the points for the Stop Loss (SL) from the open price, you can define a Fibonacci level to Break Even (BE), one Fibonacci level for a first Profit (TP1), and a Fibonacci level for a second Profit (TP2).
  • #17,766
  • Sep 22, 2011 11:48pm Sep 22, 2011 11:48pm
How about time wise? What time do you recommend to do the trading? Which session? Tq.

Quoting AndreasF
Most of us prefer the majors because of the lower spread, which is important when trading on lower TF like H1 and below.

EURUSD, GBPUSD, EURJPY, GBPJPY, AUDUSD, USDCAD, USDCHF should be the pairs on all brokers with the lowest spread.
  • #17,767
  • Sep 22, 2011 11:59pm Sep 22, 2011 11:59pm
Quoting lwiharjo
Hi maudur,

I tried to run it, but when it tries to put order, the server returned

order buy 1.77 USDJPY opening at 76.32 sl: 0.00 tp 0.00 failed [Common error]

I didn't change anything besides the SL set to 40, so did I miss something?
lwiharjo, what's your Broker? Do you use default parameters? Please remember set SL in points.
Enter Signature
  • #17,768
  • Sep 23, 2011 12:13am Sep 23, 2011 12:13am
Quoting Wab
Thanks Maudur for this great screening tool/indicator.

There may be a glitch... it crashed one of my MT4 programs when I first installed it.

I then changed the display to false and it shows all the pairs on the screen or just the select pair but I couldn't get it to display in the stochastic window.
Wab,

First you need to include a stochastic indicator with KPeriod = 8, DPeriod = 3 and Slowing = 3.

Then you need to include LG Trend Display STO. Please set:

ShowCurrentPairOnly = True
IndicatorInSTOWindow = True
Attached File(s)
File Type: ex4 Stochastic.ex4   4 KB | 344 downloads
Enter Signature
  • #17,769
  • Sep 23, 2011 12:15am Sep 23, 2011 12:15am
Quoting kmalex
Hi every one i want to say thnx to all members of this thread or their efforts but i was wondering if someone could help me about TDI indicator my question is what is the right signal i should be looking for as a conf of the BO and the levels of 50,32,68 how it could be helpfull to me > thnx again
kmalex, please read first the Dean Malone's E.A.S.Y. Method (Post 17755).
Enter Signature
  • #17,770
  • Sep 23, 2011 1:14am Sep 23, 2011 1:14am
Solved this problem, just had to restart the terminal and it runs as expected. Just wondering how those TP points are determined, care to elaborate?

Another thing, I tried to run it on GOLD, doesn't seem to work. It returns "zero division", which I don't understand why.

Quoting maudur
lwiharjo, what's your Broker? Do you use default parameters? Please remember set SL in points.
  • #17,771
  • Sep 23, 2011 2:57am Sep 23, 2011 2:57am
My first live trade with the trade decision purely based on RSI and TDI (Thanks, Maudur for sharing!)
Until I get more praxis in combining both I will trade only with 0.25%.

Reason for the trade:
1. RSI H1 – D1 are up
2. M15 candle closed outside
3. RSI PL >50 (ok, it is only slightly above 50)
4. RSI PL > TSL
5. Please add should I have missed something J

SL: 30
TP: 30 (next S/R on H1)

Cheers
Andreas
Attached Image (click to enlarge)
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  • #17,772
  • Sep 23, 2011 3:46am Sep 23, 2011 3:46am
Second trade based on RSI and TDI.
Same reason to enter the trade as below.

TP at BRN 85.00


Quoting AndreasF
My first live trade with the trade decision purely based on RSI and TDI (Thanks, Maudur for sharing!)
Until I get more praxis in combining both I will trade only with 0.25%.

Reason for the trade:
1. RSI H1 – D1 are up
2. M15 candle closed outside
[font=Calibri]3....
Attached Image (click to enlarge)
Click to Enlarge Name: nu.gif Size: 27 KB
  • #17,773
  • Sep 23, 2011 7:00am Sep 23, 2011 7:00am
Last trade for this week with combined RSI+TDI
H1 BO on AUDUAD
Attached Image (click to enlarge)
Click to Enlarge Name: an.gif Size: 22 KB
  • #17,774
  • Sep 23, 2011 7:10am Sep 23, 2011 7:10am
OK People, here is one:
RSI and TDI confirming
Broke support, confirmed on M15
Stayed below BRN 59.00
Attached Image
  • #17,775
  • Sep 23, 2011 7:51am Sep 23, 2011 7:51am
Quoting pippete
OK People, here is one:
RSI and TDI confirming
Broke support, confirmed on M15
Stayed below BRN 59.00
Hi Pippete,

Normally I am strict with the rules and they say that RSI H1, H4 and
D1 should be pointing down to enter short.

Also, Following TMS I prefer to enter next to the intersection of RSI PL (green line) and TSL (red line) once it is confirmed.

I hope you have good trades.
Enter Signature
  • #17,776
  • Sep 23, 2011 8:06am Sep 23, 2011 8:06am
Quoting lwiharjo
Solved this problem, just had to restart the terminal and it runs as expected. Just wondering how those TP points are determined, care to elaborate?

Another thing, I tried to run it on GOLD, doesn't seem to work. It returns "zero division", which I don't understand why.
Hi lwiharjo,

Ok this is a bug. The idea is that the EA needed a couple of Symbols and based on the second calculates the value of this versus the currency of your account.

By example, if your account is in USD and you run the EA on AUDCAD, EA first searches the current value of CADUSD to calculate the volume of the order based on the percentage of risk entered.

For Gold, there is only one Symbol. With with XAUUSD EA's must work.

EA takes the characters 4, 5 and 6 to take the second currency.

Thank you for your help and I will review this issue.
Enter Signature
  • #17,777
  • Sep 23, 2011 8:58am Sep 23, 2011 8:58am
Quoting maudur
Hi Pippete,

Normally I am strict with the rules and they say that RSI H1, H4 and
D1 should be pointing down to enter short.

Also, Following TMS I prefer to enter next to the intersection of RSI PL (green line) and TSL (red line) once it is confirmed.

I hope you have good trades.
Good points. I pulled the trigger too soon, again... turned around... Thanks for your observations.
  • #17,778
  • Sep 23, 2011 11:41am Sep 23, 2011 11:41am
How about the TP points? How far away are they from the Open Price? For example if I use BuyFibo EURUSD @ 1.4500, SL 100 pips, what are the TPs?

Quoting maudur
Hi lwiharjo,

Ok this is a bug. The idea is that the EA needed a couple of Symbols and based on the second calculates the value of this versus the currency of your account.

By example, if your account is in USD and you run the EA on AUDCAD, EA first searches the current value of CADUSD to calculate the volume of the order based on the percentage of risk entered.

For Gold, there is only one Symbol. With with XAUUSD EA's must work.

EA takes the characters 4, 5 and 6 to take the second currency.

Thank you for your help and I will...
  • #17,779
  • Sep 23, 2011 1:35pm Sep 23, 2011 1:35pm
Quoting K7420
http://www.forexpeacearmy.com/public...instaforex.com

I would suggest you to close your account with this firm, They're scammers.
I use this company quite a bit, I have not seen any evidence of them being scammers.

Do you have any objective facts for saying the company is a scammer. or did you just feel you wanted to say that...?
  • #17,780
  • Sep 23, 2011 6:33pm Sep 23, 2011 6:33pm
you can read some scam brokers informations here

http://www.forexpeacearmy.com/forex-...profits-5.html
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