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

Trading Made Simple system follower - Thanks to eelfranz 9 replies

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Trading Made Simple

  • #15,001
  • Apr 23, 2012 9:30am Apr 23, 2012 9:30am
Hi again!

Made another entry short on the GBPUSD @ 1,61.
Already took 15 pips and letting half the position run. Let's see.


If it reverses I'll be stop at BE.

I'm enjoing this trade manager as takes out the emotions managing the trade.

Here's the chart

Baffa
Attached Image (click to enlarge)
Click to Enlarge Name: 2012_04_23_GBPUSD_in2.jpg Size: 112 KB
  • #15,002
  • Apr 24, 2012 8:04pm Apr 24, 2012 8:04pm
Hello Baffa,

Would you mind posting your set file for CaveManager ?

Thanks

Bunker
  • #15,003
  • Apr 24, 2012 8:11pm Apr 24, 2012 8:11pm
Quoting Bunker
Hello Baffa,

Would you mind posting your set file for CaveManager ?

Thanks

Bunker

Sure,

This one came with the THV v4 set of files. Don't know if is the last version. So far working fine, but there are some parameters I'm not sure how they work.

Baffa
Attached File(s)
File Type: ex4 THV CaveManager v1.41.ex4   63 KB | 645 downloads
  • #15,004
  • Apr 24, 2012 9:50pm Apr 24, 2012 9:50pm
Inserted Video
  • #15,005
  • Apr 25, 2012 7:28pm Apr 25, 2012 7:28pm
Hey guys

first of all Thank You to Big E for all his effort and help in this thread!

I was just wondering if this strategy is still valid and working? This thread seems to have grown pretty quiet since it was started back last year. Is there a reason for that? I don't see many of the original contributors posting in here anymore. I was just wondering what the reason for that is.

Thanks a lot in advance!


Mike
  • #15,006
  • Apr 27, 2012 2:17pm Apr 27, 2012 2:17pm
This is a good thread with a good method but as things seem a little quiet I suppose noone will object to me suggesting you take a look at my idea here. http://www.forexfactory.com/showthre...71#post5617371 . It's a similar idea but with a little more emphasis on support and resistance and higher timeframes.
  • #15,007
  • Apr 27, 2012 3:11pm Apr 27, 2012 3:11pm
Quoting Mike1981
Hey guys

first of all Thank You to Big E for all his effort and help in this thread!

I was just wondering if this strategy is still valid and working? This thread seems to have grown pretty quiet since it was started back last year. Is there a reason for that? I don't see many of the original contributors posting in here anymore. I was just wondering what the reason for that is.

Thanks a lot in advance!


Mike
Hi Mike,

I am thinking the same, just looking at todays charts and lots of opportunity to rake in the PIPS so why is this thread so quiet ?

Perhaps its because the system is so simple Had a great week on Demo with it, still back testing. Some great info to download.

Amazing resource and for freeeee
  • #15,008
  • Apr 30, 2012 9:06pm Apr 30, 2012 9:06pm
Just wanted to post a reply for the newbies who are wondering if this strategy still works since the thread is now so quiet. Months ago, I demo traded this strategy on the daily time frame with great success. However, I got sidetracked with a lot of other things. I have recently started demo trading it again, and the results are still very positive.

Don't discount this strategy on the basis of it's simplicity. I have tested more strategies than I could possibly count, and I have spent more money doing so than I care to count. However, I have not traded a single strategy that's as profitable as this one. I don't yet have a lot of experience with this strategy, but many traders have done very well with it, as the thread testifies.

The tendency of human nature is to complicate things. We somehow think that makes them better. It usually doesn't. Eelfranz advises against doing this in post number 6, in which he also gives the incredibly simple trading rules. My advice would be to take his advice.
  • #15,009
  • May 1, 2012 10:28pm May 1, 2012 10:28pm
Hi All

This is my first trade with EU, all the parameters are ok, just wait what the market will give.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD.jpg Size: 81 KB
  • #15,010
  • May 2, 2012 9:05pm May 2, 2012 9:05pm
Quoting danielmatizl
Hi All

This is my first trade with EU, all the parameters are ok, just wait what the market will give.

...
Result: 80 pips, good trade
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD.jpg Size: 110 KB
  • #15,011
  • May 2, 2012 9:15pm May 2, 2012 9:15pm
Other trades I took yerterday and the results were

AUD/NZD, daily chart and... kick me out. I guess we can't win them all.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-NZD.jpg Size: 112 KB
  • #15,012
  • May 2, 2012 9:18pm May 2, 2012 9:18pm
Here the last one

GOLD: plus 51 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 125 KB
  • #15,013
  • May 3, 2012 2:13pm May 3, 2012 2:13pm
Great indicator but not every setup is right as danielM found out.

What i look for is the daily trend is long (using Heiken Ashi smoothed)
Then i only look for long on H4 no PSL just TP of 20 pips

So HA smooth is long on daily, go to H4
Enter when 4hr bar closes above 5sma and green line (rsi price line - tdi) crosses well over yellow (market base line)

I have yet to get the 1hr or M30 working. Like the market some forums go silent for a while. No doubt alot of people are using this indicator or the variations from dozens of traders who have walked through the doors of 'trading made simple'

There are other ways of looking for entry like support and resistance.
Also Rsi, i noted that the rsi should be coming from above 50.0 for shorts not just somewhere any ol time. Also watch trade sizes, dont mean to pry daniel but your money management is concerning. Up almost 10% on one trade, imagine you had millions. Cos someday you will.
All the best trading!
  • #15,014
  • May 3, 2012 5:17pm May 3, 2012 5:17pm
[quote=revkev6374;5624028]Just wanted to post a reply for the newbies who are wondering if this strategy still works since the thread is now so quiet. Months ago, I demo traded this strategy on the daily time frame with great success. However, I got sidetracked with a lot of other things. I have recently started demo trading it again, and the results are still very positive.



I donīt want to be negative, but started trading this 2 days ago, mostly on Hour charts, followed the rules carefully (Iīm not a newby!), and the results were pathetic...remember Elfranz talking about 70/80% winners...I traded 21 times, 28% winners, real money but trading with OANDA I was risking only 10 cents (exactly) per trade, lost 60 cents alltogehter and came up with a negative R of -0,292...even flipping a coin does better than that....
  • #15,015
  • May 3, 2012 5:38pm May 3, 2012 5:38pm
[quote=JamesBranson;5556470]This looks a very good system, thanks to all who have participated and in particular the founder Elfranz whom I understand is not well and I wish a speedy recovery, I have backtested it on a number of the major pairs on both the 1 hour and 4 hour TF's, the 4 hour looks the more comfortable ride!
It is difficult; but not impossible; to gauge how many false signals you would get, but even taking a very perssimistic outlook the system can offer a positive expectation of somewhere between 1.8 and 3.5

1,8 to 3,5 expectation?????...I did 21 trades (real money), and came out with -0,29 expectation..
I can hardly believe thereīs any method out there with such an expectation...it would make Buffet look like a Bangladesh kid!!!
Iīd be happy with 0,2 expectation averaged after minimum 100 trades...that would make me a millionare...with enough opportunities to run it everyday...and compounding of course...
Meaning : average win of 20 cents per $Euro risked, per trade...below that it getīs too thin...didnīt find it yet after 15 years of search...coming close though...BE for sure...
  • #15,016
  • May 3, 2012 10:43pm May 3, 2012 10:43pm
[quote=cuchuflito;5635504]
Quoting revkev6374
Just wanted to post a reply for the newbies who are wondering if this strategy still works since the thread is now so quiet. Months ago, I demo traded this strategy on the daily time frame with great success. However, I got sidetracked with a lot of other things. I have recently started demo trading it again, and the results are still very positive.



I donīt want to be negative, but started trading this 2 days ago, mostly on Hour charts, followed the rules carefully (Iīm not a newby!), and the results were pathetic...remember...
you traded last 2 days on H1 and did 21 trades in all, am i right?
which currency pairs did you trade?
and which market session? Asian, Euro or US?
  • #15,017
  • May 3, 2012 11:17pm May 3, 2012 11:17pm
Thanks to James for the comments. I'm new and want to try a strategy, this one seems good, unfortunately I'm not able to watch the market during the day as I have an 8-hour-job. Only at nights I can check for some trades.

Now, the trade I took is gbp-usd, let's wait
Attached Image (click to enlarge)
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  • #15,018
  • May 3, 2012 11:48pm May 3, 2012 11:48pm
I donīt want to be negative, but started trading this 2 days ago, mostly on Hour charts, followed the rules carefully (Iīm not a newby!), and the results were pathetic...remember Elfranz talking about 70/80% winners...I traded 21 times, 28% winners, real money but trading with OANDA I was risking only 10 cents (exactly) per trade, lost 60 cents alltogehter and came up with a negative R of -0,292...even flipping a coin does better than that....[/quote]

Try trading it on the higher time frames. Eelfranz traded H4 almost exclusively, and I have traded only daily.
  • #15,019
  • May 4, 2012 12:16am May 4, 2012 12:16am
Yeah...I am not that impressed with this system either.
I don't know how this thread is even still going?

Sojourner
  • #15,020
  • May 4, 2012 12:26am May 4, 2012 12:26am
OMG!...now that's funny. I have been a member of forex factory since they were wearing diapers and my posts are being reviewed because i am a junior member!
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