Trading Made Simple | Page 708 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #14,141
  • Dec 15, 2011 7:20pm Dec 15, 2011 7:20pm
Hey Everyone,

I've been off of trading for a while and looking to get back in with the INCREDIBLE EELFRANZ METHOD. My question is can I still trade this method using FXCM MT4. Their MT4 Platform is 2 hours behind fxdd. I am able to get on my charts about 6pm central time every evening. I like the daily because I had good success with this method on the daily. So I ask if anyone can tell if this method will still work on FXCM MT4 Platform. Thank you in advance
  • #14,142
  • Dec 15, 2011 7:39pm Dec 15, 2011 7:39pm
Quoting smatthew
a) I assume you're an MT4 trader, I use Ninjatrader.
b) Ridiculously enough Ninjatrader does not have an template export option...
Hi smatthew,

I use NT 7 and you can export strategies and indicators. If you are trying to share your chart setup you just need to find the chart template in the NT folder. On my pc they are in my docs - ninjatrader - charts.... Hope this helps.
  • #14,143
  • Dec 15, 2011 7:55pm Dec 15, 2011 7:55pm
Quoting gallenl
Hey Everyone,

I've been off of trading for a while and looking to get back in with the INCREDIBLE EELFRANZ METHOD. My question is can I still trade this method using FXCM MT4. Their MT4 Platform is 2 hours behind fxdd. I am able to get on my charts about 6pm central time every evening. I like the daily because I had good success with this method on the daily. So I ask if anyone can tell if this method will still work on FXCM MT4 Platform. Thank you in advance
HHmmm good question.I use fxcm but not the meta trader 4.I use the tradestation 2
  • #14,144
  • Dec 15, 2011 8:22pm Dec 15, 2011 8:22pm
15 pairs? how long you have all pairs trade?
2000 Pips on a month, very good.
Have you any pairs on radar?
show you the entry, all Traders can learn from you.steve
Quoting kingclarence
15 but you gave me an idea.Hell why not watch the full twenty? What could it hurt lol
  • #14,145
  • Dec 16, 2011 8:02am Dec 16, 2011 8:02am
Quoting msc400
Hi smatthew,

I use NT 7 and you can export strategies and indicators. If you are trying to share your chart setup you just need to find the chart template in the NT folder. On my pc they are in my docs - ninjatrader - charts.... Hope this helps.
Turns out the templates are XML files in a folder called... templates
I've also included my indicator folder containing the source codes of the indi's referenced in my template.
My template is basically just TDI (with slope value) and the polynomial regression channel to visualize the trend.
Attached File(s)
File Type: zip Indicator.zip   253 KB | 1,525 downloads
File Type: xml Trading Made Simple daily.xml   32 KB | 1,166 downloads
Financial independence is what I live for
  • #14,146
  • Dec 16, 2011 9:05am Dec 16, 2011 9:05am
For me i think this buy entry on this trade is considered AA+ quality signal.
Now you would ask why?
Because the indicator in the upper right corner (Lawgirl's Trend Display) shows me the direction of the slope of RSI with a custom period of 3 (not showed in the chart).
All longer time frames(H1,H4,D1,W1,MN) shows a bullish direction.
Stochastic shows oversold condition and made a hook (a turning point).
TDI also made a hook but didn't made a clearly cross that's why is considered AA+.
And TMS Osc Histo 3TF shows me that H1,H4 and D1 are in the right track to go up.
What do you think of this setup entry to go long?
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad h4.gif Size: 24 KB
Work smarter,not harder
  • #14,147
  • Dec 16, 2011 12:25pm Dec 16, 2011 12:25pm
Quoting stevebalmmer
15 pairs? how long you have all pairs trade?
2000 Pips on a month, very good.
Have you any pairs on radar?
show you the entry, all Traders can learn from you.steve
The gbp/nzd is on my radar
  • #14,148
  • Dec 16, 2011 12:53pm Dec 16, 2011 12:53pm
Quoting marcof91
For me i think this buy entry on this trade is considered AA+ quality signal.
Now you would ask why?
Because the indicator in the upper right corner (Lawgirl's Trend Display) shows me the direction of the slope of RSI with a custom period of 3 (not showed in the chart).
All longer time frames(H1,H4,D1,W1,MN) shows a bullish direction.
Stochastic shows oversold condition and made a hook (a turning point).
TDI also made a hook but didn't made a clearly cross that's why is considered AA+.
And TMS Osc Histo 3TF shows me that H1,H4 and D1 are in the...
I think you have done an excellent analysis even though you are not waiting for the candle close and possible cross. Somewhat risky but by using a tight SL or lower lot size you should be ok. Fri NY session ain't the greatest however, I see that as the biggest risk.

Question: does lawgirls indi repaint during a TF or does it just show the directions of the previous one? Good post. p.
  • #14,149
  • Dec 16, 2011 1:15pm Dec 16, 2011 1:15pm
Quoting marcof91
For me i think this buy entry on this trade is considered AA+ quality signal.
Now you would ask why?
Because the indicator in the upper right corner (Lawgirl's Trend Display) shows me the direction of the slope of RSI with a custom period of 3 (not showed in the chart).
All longer time frames(H1,H4,D1,W1,MN) shows a bullish direction.
Stochastic shows oversold condition and made a hook (a turning point).
TDI also made a hook but didn't made a clearly cross that's why is considered AA+.
And TMS Osc Histo 3TF shows me that H1,H4 and D1 are in the...
I agree with Piprac, good analysis and it has definately crossed now. However, it's Friday and I think shes dead in the water for now. Not much more movement for today. Good luck with it next week. Have a great weekend.
  • #14,150
  • Edited 6:58pm Dec 16, 2011 5:48pm | Edited 6:58pm
Quoting piprac
I think you have done an excellent analysis even though you are not waiting for the candle close and possible cross. Somewhat risky but by using a tight SL or lower lot size you should be ok. Fri NY session ain't the greatest however, I see that as the biggest risk.

Question: does lawgirls indi repaint during a TF or does it just show the directions of the previous one? Good post. p.
Yes, the indicator lawgirls repaint during a timeframe,shows at real time the slope of RSI indicator. Yes i could waited for the cross,but since was friday and i am in demo i tried it and worked well,of course when i'll move to live i wouldn't trade at friday and would wait for the cross.

Quoting jbudd
I agree with Piprac, good analysis and it has definately crossed now. However, it's Friday and I think shes dead in the water for now. Not much more movement for today. Good luck with it next week. Have a great weekend.
Yeah thanks. Worth the shot +44 pips. I also could have entry if only the H1,H4 and D1 showed bullish direction but since it had all of them up was better. Since i am on demo i don't care to trade on fridays,but then live it's another story.

Quote
I got out of the trade when the green line became flat (main reason),H4 arrow in the lawgirls indicator turned red and H1 square in the indicator TMS Osc Histo 3TF turned red too. The vertical line above the candle is my entry, the last candle is my exit.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad h4.gif Size: 24 KB
Work smarter,not harder
  • #14,151
  • Dec 16, 2011 7:28pm Dec 16, 2011 7:28pm
hy kingclarence.
Wich tf you trade, only the D!?
thanks steve

Quoting kingclarence
Yeah its a lot of pips to be made with this system.During some backtesting i counted like 4,000 pips one month.Thats what got me really interested in the daily charts.My goal every month is 2,000 pips from now on.
  • #14,152
  • Dec 16, 2011 7:34pm Dec 16, 2011 7:34pm
can you tell us more to all traders from your own system?
steve
Quoting kingclarence
After giving it some thought and doing some reading i think im gonna design my own system with no indicators.Im still gonna use the Big E system also though
  • #14,153
  • Dec 16, 2011 7:50pm Dec 16, 2011 7:50pm
I'm new to this forum, I looked far and wide, and this one seems the best yet.
Greetings to omeganz, realjumper, and kiwiautotrad, I am an Aucklander living in Noosa Queensland, do you three share emails?
  • #14,154
  • Dec 16, 2011 9:28pm Dec 16, 2011 9:28pm
Hey guys, after a succesfull backtesting for almost 2 months, wanted to ask what are the most trades you lost in a row or how many trades were you down in a bad moment before earning all back ?
So it's a question related to variance, because I want to set my bankroll management for when I'm going live but I think just 1% is a bit to tight...I think with 2%, if you're profitable you won't have problems.
Of course this is when you're trading kinda small accounts, not 10k+
Thank you guys and thanx again BIG E

http://www.forexfactory.com/images/buttons/quote.gif

  • #14,155
  • Dec 17, 2011 6:03am Dec 17, 2011 6:03am
Quoting marcof91
For me i think this buy entry on this trade is considered AA+ quality signal.
Now you would ask why?
Because the indicator in the upper right corner (Lawgirl's Trend Display) shows me the direction of the slope of RSI with a custom period of 3 (not showed in the chart).
All longer time frames(H1,H4,D1,W1,MN) shows a bullish direction.
Stochastic shows oversold condition and made a hook (a turning point).
TDI also made a hook but didn't made a clearly cross that's why is considered AA+.
And TMS Osc Histo 3TF shows me that H1,H4 and D1 are...
Please i have been search for the very last indicator which you displayed on your chart. it displays 1hour 4hours and daily trends. please kindly post the indicator so i can download. thanks
  • #14,156
  • Dec 17, 2011 7:59am Dec 17, 2011 7:59am
Quoting eelfranz
Hey Gang,

You know I prefer to trade the the 1 & 4hr timeframes....

Don't be afraid to trade the Dailies for you working guys and gals. They generally have nice runs per reversal.... give it a try....
... and stumbled on this piece of good advice from Big E.
Financial independence is what I live for
  • #14,157
  • Dec 17, 2011 1:29pm Dec 17, 2011 1:29pm
I read in the past that Big E does not trade on Sundays, but this looks like a pretty tempting setup??? Any thoughts?

http://i40.photobucket.com/albums/e2...12_16_2011.jpg
http://www.forexfactory.com/%3Ca%20h...http://s40.pho
  • #14,158
  • Dec 17, 2011 3:07pm Dec 17, 2011 3:07pm
Quoting realjumper
In our time zone, now that daylight saving is 'in' here and is 'out' for the northern countries, Frankfurt open is 8pm, with London 1 hour later. I start to look for opportunities from 7pm onwards, and I'm all done by midnight, or 1am at the latest. My target is 75 pips per day, but I go to sleep whether or not I achieve the target......and I do achieve it most days.

Just take the high probability trades, and let the rest pass you by.

Crikey, I never realised there were so many kiwi's around ... another Aucklander here!

realjumper, given our situation where we completely miss NY, I'm just curious to learn which timeframes and/or pairs you mainly focus on? And is your trading style substantially different between winter vs summer? i.e. in winter, do you also wait until 7pm NZT, or would you consider starting at 5pm NZT.

Reason I ask is that I found my profitability definitely took a hit after all the daylight savings turnarounds - i.e. it was 2 hours less of "strong" market time with which to trade.
1 pip at a time ... if the entries are strong, the rest will follow ...
  • #14,159
  • Dec 17, 2011 3:26pm Dec 17, 2011 3:26pm
Quoting stevebalmmer
can you tell us more to all traders from your own system?
steve
I only trade the daily time frame.As far as a system i just use Big E's system.Nothing new
  • #14,160
  • Dec 17, 2011 3:51pm Dec 17, 2011 3:51pm
Quoting antantnz
Crikey, I never realised there were so many kiwi's around ... another Aucklander here!

realjumper, given our situation where we completely miss NY, I'm just curious to learn which timeframes and/or pairs you mainly focus on? And is your trading style substantially different between winter vs summer? i.e. in winter, do you also wait until 7pm NZT, or would you consider starting at 5pm NZT.

Reason I ask is that I found my profitability definitely took a hit after all the daylight savings turnarounds - i.e. it was 2 hours less of "strong" market...
Hey there antantnz.....seems all the Kiwi's congregate on the same thread.....there must a meaning there somewhere

Because I'm a day trader and I like to have all trades closed before bed time, I trade mainly M5 and M15, and occasionally M1 charts. I know what you're thinking about the M1 and M5 charts, but I'm not looking for runs of 100's of pips. The M5 is my mainstay and when there are no pips on offer on that TF I switch to M1......often there are great trades available there. Try it and see.

When our daylight saving is in it's summer mode and the other side of the planet is in it's winter mode my trading hours work like this:

I'm all settled and watching the markets from 7pm.....one hour before Frankfurt open. Sometimes a trade will present itself just before Frankie opens at 8pm, and if so I take it. If not then during the next hour (8pm to 9pm) there is likely to be a decent trade on the M5.....not every day, but most days. At 9pm London opens and very often the PA will undo what Frankie has just done! Sometimes there is a complete reversal of Frankie's effort, sometimes a retrace and then a continuation, but in any case, there is likely to be some action until 11pm - midnight. After that the market seems to quieten down until after NY open, but by then I'm sleeping.

So my hours are 7pm to midnight, or occasionally 1am. During this time I can usually make some decent amount of pips. I aim at 75 pips/day and that is usually the case as a monthly average.

When our winter daylight saving is here and the other side of the planet is in their summer daylight saving, my hours come forward by 2 hours. So I start watching from 5pm, Frankie hour at 6pm, London at 7pm.....all done and dusted by 11pm.

The only thing is that during winter, a lot of USA news like unemployment claims etc etc are now coming at 12.30 am instead of 2.30am, so I sometimes stay up to see those events and try to claim a 'bonus' trade.

Either way though, USA session is out of reach for us Kiwi's.

You could day trade like I do, or you could do the H4 - Daily like Big E and many others here do, but that doesn't suit me.

Hope that helps?

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
62 traders viewing now