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Trading Made Simple

  • #12,421
  • Oct 7, 2011 6:46am Oct 7, 2011 6:46am
Quoting X-Man
Hi guys

Just want to say the weekend is here and hope you guys have a good 1.
I don't trade on Fridays lol so I have a 3day long weekend (living the dream). If you a full time trader you should consider this because you should enjoy life as well, get some time away from that screen and all those charts .

Ending of the week with an excellent note:
Total pips for the week > 577 pips (starting of a very good month)
hmmm, I'm jealous. I've just come off another 60 hour week (They're killing me). Hopefully I can put the extra time in after work so that I can become a "full" time trader and give the construction away. Congrats on the pips.
Everyone's got a plan until they get punched in the face
  • #12,422
  • Oct 7, 2011 6:56am Oct 7, 2011 6:56am
Quoting X-Man
Thanks Gamekeeper

It was a tough choice at the beginning of September , I had the option of working in an audit firm or becoming a full time trader.
Its great to know that its working out for you, I'm not there yet but it helps me greatly to know that its working for others.

Have a good weekend!
  • #12,423
  • Oct 7, 2011 7:09am Oct 7, 2011 7:09am
Quoting X-Man
Thanks Gamekeeper
....when I find excellent setups I take a standard lot if the set up are alright i take 5 mini lots. ...
X-man: great work. I like the above quote. Had not thought about changing position size based on the "quality" of the setup. Excellent idea I will be borrowing that...
Have a great weekend, and many more prosperous weeks. I look forward to hearing more of your story.
I too am trying to go full time trading and am finding it a very difficult, up-hill battle, but I think I can just see the target now....hope so, running out of energy.
If you have any suggestions on creating a Trading Plan (sounds like you have done that) I would be interested. I mean books, sites, forums, etc. That is my current task at hand.
Talk to you next week....
All the best...
  • #12,424
  • Oct 7, 2011 10:19am Oct 7, 2011 10:19am
biganc say plz ur skype
  • #12,425
  • Oct 7, 2011 12:39pm Oct 7, 2011 12:39pm
Quoting funwithbux
Ok, mail sent....look forward to seeing result. thx

Hello Forum members,

I recently did some back testing of this system on the Daily TF for the following pairs: EURUSD, EURJPY, GBPUSD, GBPJPY and XAUUSD.

Here are the results:

EURUSD: Total Pips = 1972.2 (Apr 2010 - Oct 2011) Win = 62.5% Loss = 37.5% Max DD = 2.6%

EURJPY: Total Pips = 2199 (Jan 2010 - Oct 2011) Win = 55% Loss = 45% Max DD = 0%

GBPUSD: Total Pips = 1955.5 (Jan 2010 - Oct 2011) Win = 59% Loss = 41% Max DD = 0%

GBPJPY: Total Pips = 5186.7 (Jan 010 - Oct 2011) Win = 100% Loss = 0% Max DD = 0%

XAUUSD: Total Pips = 2707.2 (Jan 2010 - Oct 2011) win = 50% Loss = 50% Max DD = 15%

So in summary - I love this system; it has a 50% and greater winning trades and the downside can be properly managed by good MM and discipline. I will continue my hardest to test this system over multiple markets and multipls TF's including forward testing in my demo account over the next few months and provide update.

I humbly recognize that I'm not the best trader - I need your collective wisdom and guidance to keep on improving.

Finally - thank you Big E for sharing this wonderful system. I hope you and all those who helped you arrive at this system (and fine tune it subsequently) are rewarded with many million pips.

thanks for reading this post. if you wish to see my results please send me an email to stubble27 at yahoo dot com and put in subject line "Big E's System"

Thanks again everyone.
  • #12,426
  • Oct 7, 2011 12:47pm Oct 7, 2011 12:47pm
This past Wed. night at 23:00 & the start of a new trading day I shorted the $/C @ 1.0427. After letting it go for 36 hrs I closed it @ 1.0391 for +36 pips. I almost never trade on Fridays and never on NFP Fridays so I closed out. Had I used ATR for TP I would have had 112 pips on a down spike so I am rethinking TP & SL as I have seen this with other trades too. I like the very visual fractals but if a TP can't be hit then what's the use? Also 2 x ATR for SL & 3 or 4 times for TP seem to be in the cards. A little testing is in order I think.

Oh, I am now using primarily the daily. I bought a baby crib monitor to hear the computer sound alert and awaken me in the night if an intermediate TP is hit. Otherwise a soundless night's sleep. Have a nice weekend all, piprac.
  • #12,427
  • Oct 7, 2011 12:54pm Oct 7, 2011 12:54pm
Quoting X-Man
Thanks Gamekeeper

It was a tough choice at the beginning of September , I had the option of working in an audit firm or becoming a full time trader.
And yeah I took that plunge of becoming a full time trader and its been really successful thus far because I enjoy it, I love trading and have this passion for it, its all because of TMS thanks to big E. i'm glad I found this trading system just in time otherwise i would've been working in some audit firm and the boss crapping on my head every now and then. NOW I AM THE BOSS.
I take trading as a serious...
Congrats X-Man, i have also done the same thing last week, after 37 years in accounting i decided to call it quits and go Forex fulltime, haven't made quite as much as you my first week but i did make 365 pips trading .1 lot with TMS.
Thanks Big-E for a great and simple system, thanks to all the contributors to this system, all i have been doing for the past 2 months is reading the threads and studying the charts of all you contributors, thanks.

Good Luck
cajun
  • #12,428
  • Oct 7, 2011 3:03pm Oct 7, 2011 3:03pm
Quoting ananjee
Hello Forum members,

I recently did some back testing of this system on the Daily TF for the following pairs: EURUSD, EURJPY, GBPUSD, GBPJPY and XAUUSD.
Could you tell us what you used for TP & SL while doing this backtesting? A fixed amount of pips, or???
Thanks - great work
  • #12,429
  • Oct 7, 2011 3:05pm Oct 7, 2011 3:05pm
I'm sorry if I missed anyone's email request, but here's the back testing result file that I emailed a few people.

There are 5 tabs total and its in *.xlsx format.

Please let me know if you see any opportunity for improvement.

Many thanks and have a good weekend.
Attached File(s)
File Type: xls Easy test - EURUSD.xls   112 KB | 818 downloads
  • #12,430
  • Oct 7, 2011 5:37pm Oct 7, 2011 5:37pm
Daveuk, xxlesso, chillipiper or DGCinc......how do I send a private email to all of you at once??? I want to put something to you guys which has nothing to do with this thread....you may be interested you may not....doesnt really matter, its just something I have been looking at and one or all of you may be able to make something of it...I cant.
But I cant work out how to email you all at once....anyone know how??
Dean
  • #12,431
  • Oct 8, 2011 12:20pm Oct 8, 2011 12:20pm
Hello Everyone,

I received a few questions about how i got my results and the methods i used. I hope this helps:

I used only the daily TF and entry/exit signals from the system. I used a 55 SMA filter and 21 SMA filter for some of the entries (and trade management) in choppy markets.

For SL I used 2 methods:
1. in a strongly trending market, i put my stops 2 candles behind.
2. in a ranging market, i used 2 fractals behind. But if the trade didn't go in my direction or if i got a reversal signal, i took my losses and reversed position.

For TP i used 3 methods:
1. Exit signal generated by TDI
2. Waiting for price to close below 5sma and either 21 SMA or 55 SMA.
3. trailing stop 2 candles behind.

I was a bit discretionary with use of #2 and #3 on exits. But my SL was always in place and if a candle hit it or touched it, i took my loss. I also didn't do any redos.

This was all tested in Metatrader... i did not use forextester. I used a forex simulator from http://www.forexsmarttools.com/helpe...ee_tester.html (Pretty easy installation. The 1st video explains the entire installation process step by step. You can play/pause video while you install simultaneously. Next ones show how to use the simulator. Excellent!)

please let me know if you have any more questions. I will try to be as open and transparent as possible.
Thank you to everyone who are looking into this. your wisdom and advice are greatly appreciated.
  • #12,432
  • Oct 8, 2011 1:23pm Oct 8, 2011 1:23pm
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Hello,

I am just learning this method.

I attached a audusd dailey and 4 hour charts.

They both seem to be good setups as I understand the method. But going opposite directions.

Would someone with experience please advise me how they interpret the setup?

TIA
G
  • #12,433
  • Oct 8, 2011 6:23pm Oct 8, 2011 6:23pm
Quoting X-Man
For now I don't withdraw any funds from my account thats my plan for 1year.
So did you have enough saved up to last 12 months before you became a full time trader?
  • #12,434
  • Oct 8, 2011 6:27pm Oct 8, 2011 6:27pm
My doubt might sound stupid. I think I cannot fully understand how to backtest this system.
Looking at old charts the TMS indicator seems to have a very high success probability - but (as finnbjurvoll said in the past) - how could you actually backtest based on an indicator that repaints itself? Sometimes I enter on a cross that becomes a non-cross after a while, but this is impossible to see with backtesting.
  • #12,435
  • Oct 8, 2011 8:11pm Oct 8, 2011 8:11pm
Quoting Nacho
My doubt might sound stupid. I think I cannot fully understand how to backtest this system.
Looking at old charts the TMS indicator seems to have a very high success probability - but (as finnbjurvoll said in the past) - how could you actually backtest based on an indicator that repaints itself? Sometimes I enter on a cross that becomes a non-cross after a while, but this is impossible to see with backtesting.

Absolute true, It is imposible to run a dependable back test due to this small detail of what many here consider the holly grail of indicators.
Indicators always obey Price, not the other way.
  • #12,436
  • Oct 8, 2011 8:52pm Oct 8, 2011 8:52pm
Quoting Nacho
My doubt might sound stupid. I think I cannot fully understand how to backtest this system.
Looking at old charts the TMS indicator seems to have a very high success probability - but (as finnbjurvoll said in the past) - how could you actually backtest based on an indicator that repaints itself? Sometimes I enter on a cross that becomes a non-cross after a while, but this is impossible to see with backtesting.

If you wait for the candle close and if there is a TDI cross, it will NOT repaint itself, meaning the cross will remain. The Tdi is not a static indicator unlike the stochastics.
Therefore, backtesting should give you pretty accurate results.
  • #12,437
  • Oct 8, 2011 11:25pm Oct 8, 2011 11:25pm
Quoting dean
Daveuk, xxlesso, chillipiper or DGCinc......how do I send a private email to all of you at once??? I want to put something to you guys which has nothing to do with this thread....you may be interested you may not....doesnt really matter, its just something I have been looking at and one or all of you may be able to make something of it...I cant.
But I cant work out how to email you all at once....anyone know how??
Dean
As far as I know - you are limited to a distribution list of 3 on PMs - not sure if there is any difference for "buddy list" members - please include me on your distribution list

Cheers
"To live with Passion, it takes Courage and Grace to survive"
  • #12,438
  • Oct 9, 2011 3:08am Oct 9, 2011 3:08am
Quoting Britpip7
As far as I know - you are limited to a distribution list of 3 on PMs - not sure if there is any difference for "buddy list" members - please include me on your distribution list

Cheers
Is this is talking about Big E System? My god, why you bringing your trash to Big E treat. Go out! This is Big E system.
  • #12,439
  • Oct 9, 2011 3:13am Oct 9, 2011 3:13am
Quoting The7
If you wait for the candle close and if there is a TDI cross, it will NOT repaint itself, meaning the cross will remain. The Tdi is not a static indicator unlike the stochastics.
Therefore, backtesting should give you pretty accurate results.
there are plenty of situations where the TDI crosses and then repaints to flatten out or bounce and vice versa so what we see as hind sight is not what we would have seen in real time. also with the Synergy candles we cant see the open/close price of candles so exact pips gained or lost cant be tested accurately.

Of course you can get a good idea but its not a true representation.


DEAN, youve got me intrigued, what are you working on??
  • #12,440
  • Oct 9, 2011 3:56am Oct 9, 2011 3:56am
Sorry for bringing this up, but what is the current set of indies and templates? I saw some different version across this thread and since it has grown so big its almost impossible to jump in and just read it from start to end.

Also, did anyone test the method on IBFX?
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