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Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 176 replies

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The7 Trading Method Signals Thread 136 replies

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Attachments: The7 Trading System
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The7 Trading System

Which TMA? True or Norm?
With any trend indicator you are going to miss alot of those top and bottom reversals which this system really nails. That's why diversification is key!
CMELDA TRADER:
Is that an EA for the7?
Quoting xlitang
slight modify and most Holy Grail by using TMA

Which TMA did you use and what were the settings? Thanks
Quoting aelimian
Which TMA did you use and what were the settings? Thanks
Someone posted TMA in previous post. I use 4 Hour. If signal against the trend I ignore it.I target profit for 100 pip for every trade.
Follow me to the Promised Land
here are 2 different ones...
Attached Files
File Type: ex4 10.2 TMA slope v.1.4B 4.30.ex4   10 KB | 400 downloads
File Type: ex4 10.2 TmaSlopeTrue NT v1.4B.4.30.ex4   12 KB | 479 downloads
I use this one
Attached File
File Type: mq4 TmaSlope.v1.5 Normalized.mq4   13 KB | 572 downloads
Follow me to the Promised Land
xlitang...
Do you know what is the difference between the 1.5 you use and the 10.2 norm? they look similar. Do you find the 1.5 repaints much on HTF?
Thanks
Quoting prosper1
xlitang...
Do you know what is the difference between the 1.5 you use and the 10.2 norm? they look similar. Do you find the 1.5 repaints much on HTF?
Thanks
I do not know what is the different between them. I guess they all repaint. But I don't care because they just give me a reference how strong the trend is so that I won't randomly take any signal.

I do not want to high jack this thread with TMA stuff. The7 system is very good without any other indicators.
Follow me to the Promised Land
Quoting xlitang
I do not know what is the different between them. I guess they all repaint. But I don't care because they just give me a reference how strong the trend is so that I won't randomly take any signal.

I do not want to high jack this thread with TMA stuff. The7 system is very good without any other indicators.
xlitang , kindly please share your rules with the TMA? Thanks!
Simplicity is good.. but simplicity + simple rules & filters could improve the system..

Quoting The7
Eur/Cad and Us/Cad formed a nice pinbar, even though it does not qualify for our original system, it is something worth watching. Daily Pinbars, high probability trades...
Eur/Cad consolidating side to up.. 1.2650 ~ 1.2800 ~> 1.2900
Usd/Cad below weekly neckline up against falling channel with side to down bias.. .9850 ~ .9750 ~> .9650

Usd/Cad Daily
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD capture-20121006-070724 D1.png Size: 78 KB
Looks like an abstract painting
too "abstract" for those scooping in 8 fantasy figures for the week?
No Fantasy here
Quoting The7
Why did you have a -100 pip stop loss? It should be only 50-60 pips..
Sorry my mistake, I wasn't down -100, I've just checked again and I'd set my stop at just below recent price action, so my loss was -75.
Getting there, slowly but surely...
Quoting hefhem911
If I have a system that ensures my TP always gets filled, then I see no reason why I wont take advantage of that very system.

As for your SL of 100p (sorry for the loss), I dont see how you got that but mine was 64 and TP was 96. My TP was filled.
My entry was long on the 4 October daily candle, which met the rules, opening below the EMA channel and closing inside it.

My SL was below the recent low, so was actually -75 pips not the -100 I'd posted earlier.

I saw someone else mention GBP/JPY. I took that on the close of Friday's daily candle and am currently +75.

Cheers
Getting there, slowly but surely...
Quoting Edlich
My entry was long on the 4 October daily candle, which met the rules, opening below the EMA channel and closing inside it.

My SL was below the recent low, so was actually -75 pips not the -100 I'd posted earlier.

I saw someone else mention GBP/JPY. I took that on the close of Friday's daily candle and am currently +75.

Cheers
Nice to see you are at BE. Its good you recovered from that loss.

I will be watching the following 7 ccys with this system.
EurUsd, GbpUsd, AudUsd, GbpJpy, EurJpy, Gold(XauUsd) and NzdUsd.

Wishing everyone here lots of pips this week!
100 Pip TP was hit on the GBPJPY a few minutes back. Wanted to move the TP line but forgot.
If you live in the river you should make friends with the crocodile
Quick pips today so far on EUR/JPY
Quoting TradingDrunk
Quick pips today so far on EUR/JPY


What did you trade on EJ? Can you please post a screenshot?

And can we make it a rule here to post the info about trades with screenshots to make it clear to everyone? (just a suggestion)


Happy Trading
'To get something you never had, you have to do something you never did.'
hi all,
been following the thread for a few days
pretty sure i have the rules understood and now to start testing
i may use one of the codes posted earlier for back testing
as for the EURJPY trade, unfortunately i have another 11 hours before my candle closes so cannot enter the trade until tomorrow
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