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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

  • #13,921
  • Dec 2, 2011 1:26am Dec 2, 2011 1:26am
Quoting Scoobied
Hi Geosanuy

Please could you clarify what you mean by "hesitation candle". Thanks.
I know they say curiosity killed the cat...

In this business it's actually a desirable trait, simply finding out about reversal candles, candle patterns thru a Google search would help you more than what I could explain here, investigate!
Best of luck!
  • #13,922
  • Dec 2, 2011 2:01am Dec 2, 2011 2:01am
Hello everybody....I've been reading this thread since last week, and I've found that using HA candle with TDI are much more easier. This system is simple, Thanks a lot to eelfranz or Mr E and other member that is very much helpful in this thread.

Now I'm testing it in Demo, well so far my trade hit TP, but I still got one problem, SL.
I've set my SL 40-45 pips and my TP 20-25 pips, so more pips on SL than on TP.

I think that I still need to learn to see a good entry point, but untill now I'm still trying to learn it. Got any good tips guys ??

Thanks before..
  • #13,923
  • Dec 2, 2011 4:33am Dec 2, 2011 4:33am
Where did Eelfranz go? Is this still as viable as when big E first posted it?
  • #13,924
  • Dec 2, 2011 5:03am Dec 2, 2011 5:03am
Quoting Forexsaurus
Where did Eelfranz go? Is this still as viable as when big E first posted it?
you will find the answer here.....post 531
http://www.forexfactory.com/showthre...327972&page=36
  • #13,925
  • Dec 2, 2011 5:19am Dec 2, 2011 5:19am
Quoting ayour2a
you will find the answer here.....post 531
http://www.forexfactory.com/showthre...327972&page=36
That's awful, I genuinely hope he gets better.

Is xman's system considered superior to this one now?
  • #13,926
  • Dec 2, 2011 5:22am Dec 2, 2011 5:22am
Quoting Forexsaurus
That's awful, I genuinely hope he gets better.

Is xman's system considered superior to this one now?
Xman fine tune his system and its works like champ on 1hr tf and TMS is no exception.


Ayour2a
  • #13,927
  • Dec 2, 2011 7:46am Dec 2, 2011 7:46am
while dis thread work in mobile MT4 platform..?
  • #13,928
  • Dec 2, 2011 8:28am Dec 2, 2011 8:28am
I hope that Eelfranz will get better soon...
  • #13,929
  • Dec 2, 2011 10:33am Dec 2, 2011 10:33am
my todaty trade

sell eurusd h1

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  • #13,930
  • Dec 2, 2011 11:03am Dec 2, 2011 11:03am
Quoting ayour2a
Xman fine tune his system and its works like champ on 1hr tf and TMS is no exception.


Ayour2a
You're lucky, I can not absorbs his system. So I return to base: pure TMS, the real simple.
  • #13,931
  • Dec 2, 2011 12:23pm Dec 2, 2011 12:23pm
Quoting Scoobied
Attachment

JD,

Thanks for that. Can you review the set up below and whether this is a good time to take the trade? Please can you clarify how you use the MA in relation to the green and red lines crossing. I thought this was simply a double check, i.e. when the MA crosses the HA candles, it confirms the trade is on. Am I right?

Thanks
Scoobied,

You’re going to have to read this thread. “E” did a great job describing how it’s done and others have given tips too. The BEST way to get your head around why a trade worked or what a “good” trade should look like is to go back within a chart (your time frame) and observe past (looking to the left) performance. Remember you are a speculator and you are trying to pick the best setup for the best odds. Nothing is guaranteed
JD
It's Easy To Get In;.. It's Hard To Get Out
  • #13,932
  • Dec 2, 2011 1:02pm Dec 2, 2011 1:02pm
Best wishes for a speedy recover Eelfranz. Thanks for a great thread and system. You have helped so many people improve their trading which I think is an incrediby thoughtful and generous act. My thoughts are with you...

I will re-read the thread again more carefully and do some research on my own guys. I am determined to get to the point where I start having more successful trades. I know it is possible because so many on this thread are using this system successfully. Thanks for your pointers.

Just one last question (sorry I'm a newbie and have so many):

do you only trade the Europe/London day or can other times be successful?
  • #13,933
  • Dec 2, 2011 1:08pm Dec 2, 2011 1:08pm
Quoting John D
Scoobied,

[font=Times New Roman][size=3]You’re going to have to read this thread. “E” did a great job describing how it’s done and others have given tips too...
If you do not have time to read the whole thread, just read big E`s posts. Seller9 did a good summary document (around 40 pages) of big E`s (i.e. eelfranz, our thread master) posts in the other thread. You can download it in this zip file http://www.forexfactory.com/attachme...202011%2019:43

Kind regards
  • #13,934
  • Dec 2, 2011 1:58pm Dec 2, 2011 1:58pm
Phx62

The charts you post show a broken line indicating yesterdays high and low.
Do you mark them manually or is it a indicator?
  • #13,935
  • Dec 2, 2011 3:14pm Dec 2, 2011 3:14pm
Thanks Astral, I am pushed for time so that is a big help.
  • #13,936
  • Dec 3, 2011 4:15am Dec 3, 2011 4:15am
I've searched extensively through this thread, but I'm still really confused regarding backtesting using the TDI.

While using the Strategy Tester the TDI is painted at the beginning of each candle. This value appears to be for the previous candle. This is also what I believe I'm seeing live, when a new bar appears. The TDI represents the previous candles movement, and I would make my trading decision based on that.

However, when I scroll to the left on any chart to do manual backtesting, the TDI values appear to be for the current candles. As if the TDI was repainted after the candle closed and represents that candle, not the last candle.

This makes it really hard to backtest, because you seem like a trading genius.. Assuming that you would enter at the beginning of the current candle using the TDI.. yet the TDI represents the entire candle so it's like seeing into the future.

Can somebody explain this to me? How do you backtest using this system properly?
  • #13,937
  • Dec 4, 2011 1:35am Dec 4, 2011 1:35am
gold mine.
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  • #13,938
  • Dec 4, 2011 1:45am Dec 4, 2011 1:45am
Aren,

Your indicator are perfectly identify the trend..
Are they repaint?
  • #13,939
  • Dec 4, 2011 1:53am Dec 4, 2011 1:53am
Quoting TehCount
I've searched extensively through this thread, but I'm still really confused regarding backtesting using the TDI. [...]

This makes it really hard to backtest, because you seem like a trading genius.. Assuming that you would enter at the beginning of the current candle using the TDI.. yet the TDI represents the entire candle so it's like seeing into the future.

Can somebody explain this to me? How do you backtest using this system properly?
Hy

well, backtesting is only one step ... the next logical step is forward testing ... you can never finish you efforts to check a system / strategy with backtesting ... that gives you only an idea of "is it working or not?" ... to proove that, you have to make forward testing ... demo account ... and then live account with smallest lot size ... take 50 - 100 trades and then you will see if it works under actual market conditions ...

all of you a nice sunday,
greetings from Hamburg/Germany,
Dietmar (DL4HAO)
  • #13,940
  • Dec 4, 2011 5:37am Dec 4, 2011 5:37am
Wow!, it hits 930 pages now. i was following this thread from the start till may. unable to follow after then due to my overseas attachment. i have alot of read up to do now!!! is there any shorter route. it will take weeks to read up all since where i last stop...
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