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Trading Made Simple EA by Guess Whom

  • #2,101
  • Nov 8, 2011 12:01pm Nov 8, 2011 12:01pm
Quoting Pbh
I completely disagree with you.. Unless you trade it fundamentally.
I'd agree 1100% with you then.

Pbh
PBH... you are good with Fundies, i can't say the contrary if you're really 15... you're gonna have a good future ahead, but when Technical Analysis comes into play, with a mix of Sentimentals levels (pivots/fibs/S-R etc.) and you add Currency Strengh into the mix the Fundies will go into play automatically, if not then the right SL or closing settings will keep you out or have minimal losses when drastic moves occur, always need to look at the big picture without over complicating things obviously.

but if you're trading only on fundies and it's working for you and you're comfortable with it then thats you're style, traders need to find their comfort zone & trading style.

that's my 2 pips
Don't forget Practice + Patience + Persistence = Profits
  • #2,102
  • Nov 8, 2011 12:09pm Nov 8, 2011 12:09pm
Quoting maxzeus
PBH... you are good with Fundies, i can't say the contrary if you're really 15... you're gonna have a good future ahead, but when Technical Analysis comes into play, with a mix of Sentimentals levels (pivots/fibs/S-R etc.) and you add Currency Strengh into the mix the Fundies will go into play automatically, if not then the right SL or closing settings will keep you out or have minimal losses when drastic moves occur, always need to look at the big picture without over complicating things obviously.

that's my 2 pips
simplification is the way to go but we can't ignore Fundamentals, this must always be the backbone of all investments, I'm not taking sides just giving my opinion for what it's worth
  • #2,103
  • Nov 8, 2011 12:18pm Nov 8, 2011 12:18pm
by the way I am following this thread with great interest and hopes of where I think it will take us. I think it's a great EA in many respects, thanks to all who have contributed with results.
I hope to contribute with my own results in the near future.
  • #2,104
  • Nov 8, 2011 2:39pm Nov 8, 2011 2:39pm
Update on Seller9 H1 set but with TP 0.6 and SL 1.0:

A reasonable start to the week. Running from just prior to London open and until mid US session only. Not a lot of trades and is currently a little below breakeven, which I think is not bad considering the markets have been choppy and nervous.

(I am only running on EURUSD, GBPUSD, USDJPY, AUDUSD, CHFUSD, USDCAD 100% automatically on an ATC demo.)
  • #2,105
  • Nov 8, 2011 2:54pm Nov 8, 2011 2:54pm
Quoting maxzeus
PBH... you are good with Fundies, i can't say the contrary if you're really 15... you're gonna have a good future ahead, but when Technical Analysis comes into play, with a mix of Sentimentals levels (pivots/fibs/S-R etc.) and you add Currency Strengh into the mix the Fundies will go into play automatically, if not then the right SL or closing settings will keep you out or have minimal losses when drastic moves occur, always need to look at the big picture without over complicating things obviously.
I'm 14 yet.
Truth
And if by over complicating things you mean being aware of every little political and economic situation, that's true.. that's me I like to know what's happening in the world... I like to have an insight vision.

We all have different trading styles. We all respect that, or at least we should, right?

I'm just giving my opinion.

Pbh
  • #2,106
  • Nov 8, 2011 7:54pm Nov 8, 2011 7:54pm
Quoting Star178
Fully agreed. Should we look at Henry Liu's CSM or other xMeter, they are independent of TF, and their advice are looking for maximum GAP difference, for trade entry in order to have max. gain.
A couple weeks ago I had the xmeter all ready to go in the EA but requests seemed to favor the Hanover direction so I changed it.
  • #2,107
  • Nov 8, 2011 8:04pm Nov 8, 2011 8:04pm
Quoting seller9
A couple weeks ago I had the xmeter all ready to go in the EA but requests seemed to favor the Hanover direction so I changed it.
it's your choice seller9 both of them would be good additions for this EA imo

maybe test both ? since you already created the hanover version, just saying keep up the good work.
Don't forget Practice + Patience + Persistence = Profits
  • #2,108
  • Nov 8, 2011 10:12pm Nov 8, 2011 10:12pm
Quoting seller9
A couple weeks ago I had the xmeter all ready to go in the EA but requests seemed to favor the Hanover direction so I changed it.
No problem.
  • #2,109
  • Nov 8, 2011 11:13pm Nov 8, 2011 11:13pm
Here is an example the DB helps me to decide!

The EA takes a buy trade and hours later the PA makes a U turn (in a consolidation market).

So I have to decide whether to let the market takes it's course (may hit SL) or do something else.

At this time the DB shows that CADJPY has a value of minus 5 (red), so I close the trade manually in order to prevent further losses.
Attached Image (click to enlarge)
Click to Enlarge Name: 11-09 H4 CADJPY #cut loss#.jpg Size: 286 KB
  • #2,110
  • Nov 9, 2011 12:04am Nov 9, 2011 12:04am
bullish sentiment around since berlusconi could resign if his 2012 budget passes... playing both sides, be careful with breaking news I hope I can short euro sucker tomorrow morning

Pbh
  • #2,111
  • Nov 9, 2011 5:40am Nov 9, 2011 5:40am
Quoting Pbh
be careful with breaking news I hope I can short euro sucker tomorrow morning
Fundamental party tonight:
Banks crisis - Hey, don't blame at me - Dragui said so
http://www.cnbc.com/id/45218531
Italian bonds yields over 7.30% (7.% was the cathalist point)
http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND
ECB might not be able to continue to buy them soon.
http://www.cnbc.com/id/45219030
  • #2,112
  • Nov 9, 2011 6:25am Nov 9, 2011 6:25am
Quoting Pbh
Fundamental party tonight:
Banks crisis - Hey, don't blame at me - Dragui said so
http://www.cnbc.com/id/45218531
Italian bonds yields over 7.30% (7.% was the cathalist point)
http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND
ECB might not be able to continue to buy them soon.
http://www.cnbc.com/id/45219030

And once again you were right. 170 pips for the EU, some 150 for GU and AU. Hope you got to ride the trend coz (perhaps) it's about to end.

Nice job Phb, really, for a 14-year-old dude. I think you were made for this! Maybe Bloomberg will hire you soon as you reach 18!
  • #2,113
  • Nov 9, 2011 7:15am Nov 9, 2011 7:15am
Quoting seller9
A couple weeks ago I had the xmeter all ready to go in the EA but requests seemed to favor the Hanover direction so I changed it.
xmeter is good as well. However, a major drawback is the fact that it keeps changing. I would not say it is independent but it is MTF and it does keep changing so one minute you have CAD at +6 and JPY at +5 and few minutes later it can be CAD +2 and JPY +3!. Whereas, with Hanover`s you can choose your own TF. Moreover, IMHO the angle of change in Hanover is more important than the absolute value. So in xmeter you may have one currency with high value but it may be on the way down and a low value currency may be on the way up but just looking at absolute values you can not see this.

I have been looking at variety of currecny meters and heat maps and IMHO Hanover`s is the best of the lot. But this is my opinion only and I may be wrong (which is often the case).

Kind Regards
  • #2,114
  • Nov 9, 2011 11:01am Nov 9, 2011 11:01am
Quoting yelena
And once again you were right. 170 pips for the EU, some 150 for GU and AU. Hope you got to ride the trend coz (perhaps) it's about to end.

Nice job Phb, really, for a 14-year-old dude. I think you were made for this! Maybe Bloomberg will hire you soon as you reach 18!
What can I say... hard work pays off
  • #2,115
  • Nov 9, 2011 11:37am Nov 9, 2011 11:37am
Hello
I am new to these thread...
This is nice project, I like the EA. Actualy it is fantastic, it can be adjustable to any trade style.
Already made some pips...
I changed some settings and attached to couple charts.
We will se the results...

Peace...
Always think twice...
  • #2,116
  • Nov 9, 2011 12:22pm Nov 9, 2011 12:22pm
Few counter trending trades
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  • #2,117
  • Nov 9, 2011 12:44pm Nov 9, 2011 12:44pm
This is interesting
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  • #2,118
  • Nov 9, 2011 7:56pm Nov 9, 2011 7:56pm
hey all

ive been running multiple demos this week of TMS v14 EA on M15 and H1, on multiple currencies. set files are star178's , you can find them in and around the post #977 mark.

what ive found is that altering settings so that TDIcloseONflat and TDIcloseONneg (this is v14 im talking about) are set to true really prevents the larger losses, and so far the accounts with those two modifiers set to true are all in profit or at least breaking even.
Those that have them set to false (default within those set files) are making the classic pattern of having the impressive runs of wins overshadowed by the large losses and are all in negative.

if anyone else has settings/tips that are working for them, please do share

that is all for now.
  • #2,119
  • Nov 9, 2011 9:12pm Nov 9, 2011 9:12pm
  •  fivex
  • | Joined Sep 2011 | Status: This is the title that appears | 247 Posts
Quoting blamshakk
hey all

ive been running multiple demos this week of TMS v14 EA on M15 and H1, on multiple currencies. set files are star178's , you can find them in and around the post #977 mark.

what ive found is that altering settings so that TDIcloseONflat and TDIcloseONneg (this is v14 im talking about) are set to true really prevents the larger losses, and so far the accounts with those two modifiers set to true are all in profit or at least breaking even.
Those that have them set to false (default within those set files) are making the classic pattern...
some of my best results were using Stars set on V14, 15M but with a TMA true zone of 50% nothing huge, but doing better then -.
JMO
  • #2,120
  • Nov 9, 2011 9:41pm Nov 9, 2011 9:41pm
ok thats interesting, are you still using those settings? if so how have they been performing recently? thanks



Quoting fivex
some of my best results were using Stars set on V14, 15M but with a TMA true zone of 50% nothing huge, but doing better then -.
JMO
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