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Another simple system - Time-Frame 15

  • #18,381
  • Dec 29, 2012 5:14am Dec 29, 2012 5:14am
Quoting lowweiting
Thk Emmanuel and Ramjet spend yours golden weekend time to teach newbie...

one more stupid question, what mean CS parttern....
CandleStick pattern...CS pattern.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,382
  • Dec 29, 2012 5:30am Dec 29, 2012 5:30am
Quoting emmanuel7788
Hi ALL,

For every trade decision, I only decide my entry price and the initial stop loss (SL) and this SL is the Risk or 'R'.

The initial SL 'R' will be use for Position Sizing i.e. to determine the Lot size.

For all my trades, I need to see a potential Risk Reward R:R of 1: 1.5 for me to decide whether or not to take the trade.

Attached are two scripts which I modified for use in the M15 TF. The original scripts I use are for trading higher H4 TF.

If you like to use these scripts, first try them out and understand how it is use for you...
Hiya Emmanuel. I'm curious about your buy/sell script. Can one set the lot size/number of lots, how many lots to close at each TP levels etc?
  • #18,383
  • Dec 29, 2012 5:42am Dec 29, 2012 5:42am
Quoting jordfx
Hiya Emmanuel. I'm curious about your buy/sell script. Can one set the lot size/number of lots, how many lots to close at each TP levels etc?
Hi jordfx,

those are simple scripts just to draw the lines on the charts only.

if you are using a EA as trade manager, you can actually set the exit trade size in the EA itself. But may have limitations how many exits the EA can handle.

I use MPTM on MT4 and it has several features to manage trades for example scaling-out and moving stops to protect profits, It also manage scale-in trades the EA will manage all the open trades as a basket of trades.

You can download the MPTM EA at this link:

http://www.forexfactory.com/showthre...99#post2029899


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,384
  • Dec 29, 2012 6:22am Dec 29, 2012 6:22am
Quoting emmanuel7788
Hi jordfx,

those are simple scripts just to draw the lines on the charts only.

if you are using a EA as trade manager, you can actually set the exit trade size in the EA itself. But may have limitations how many exits the EA can handle.

I use MPTM on MT4 and it has several features to manage trades for example scaling-out and moving stops to protect profits, It also manage scale-in trades the EA will manage all the open trades as a basket of trades.

You can download the MPTM EA at this link:

http://www.forexfactory.com/showthre...99#post2029899...
SUPER! Tnx a million buddy!
  • #18,385
  • Dec 29, 2012 1:17pm Dec 29, 2012 1:17pm
Sorry if this offends some here.
This thread has becoming case of too many chiefs and not enough Indians.
Everyone seems into "teaching" mode when same "teachers" rarely post their actual live trade results.Makes me think perhaps its easier to teach looking at past data then actually acting upon those same principles they are teaching.
Unless you can validate your teachings with examples of your trade then what you say is pointless in context of trading.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #18,386
  • Edited 2:07pm Dec 29, 2012 1:37pm | Edited 2:07pm
Quoting Davit
Sorry if this offends some here.
This thread has becoming case of too many chiefs and not enough Indians.
Everyone seems into "teaching" mode when same "teachers" rarely post their actual live trade results.Makes me think perhaps its easier to teach looking at past data then actually acting upon those same principles they are teaching.
Unless you can validate your teachings with examples of your trade then what you say is pointless in context of trading.
Regards
I remember seeing several notices from senior members here that we should post our trades together with P&L statements to show honesty and transparency. Where are those reminder posts?

Previously there were "teachers" here that turned out to be fraud (see Post#16,864 and Post#16,290), hence the new rule. But I can't find the links to those notices anymore.

Quoting Davit
Lot of great analysts are lousy traders...
and lot of great traders lousy talkers...
I'm a bit disappointed because I was trying to bring another group of traders here to learn, but as you pointed out, it's becoming too many chiefs teaching on past chart and no validation with actual trade results. Your reminder is timely.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR.png Size: 38 KB
Click to Enlarge Name: PnL.png Size: 35 KB
  • #18,387
  • Dec 29, 2012 1:48pm Dec 29, 2012 1:48pm
Quoting Reese
I remember seeing several notices from senior members here that we should post our trades together with P&L statements to show honesty and transparency. Where are those reminder posts?
Great results keep them up.That alone means lot more to me.It shows you are mentally capable of taking a trade and not just talking about it.
I am not a teacher.I am a novice trader but traded enough to know difference of acting and talking about it.Lot of great analysts are lousy traders...
and lot of great traders lousy talkers...
In trading, you have to be defensive and aggressive at the same time
  • #18,388
  • Dec 29, 2012 5:14pm Dec 29, 2012 5:14pm
Quoting Reese
I remember seeing several notices from senior members here that we should post our trades together with P&L statements to show honesty and transparency. Where are those reminder posts?

Previously there were "teachers" here that turned out to be fraud (see Post#16,864 and Post#16,290), hence the new rule. But I can't find the links to those notices anymore.


I'm a bit disappointed because...
Hi buddy,
Can you explain why did you take a Long on EUR/USD ?

Thanks
Trade Safe !
  • #18,389
  • Dec 29, 2012 5:51pm Dec 29, 2012 5:51pm
From the movie The Matrix:

"You take the blue pill – the story ends, you wake up in your bed and believe whatever you want to believe. You take the red pill – you stay in Wonderland and I show you how deep the rabbit-hole goes." -Morpheus


This is Forex Factory
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,390
  • Dec 29, 2012 7:14pm Dec 29, 2012 7:14pm
Live Trading Room

There were some previous suggestions to have a live trading group for example using Skype as one media. I have been thinking about this over the past two weeks since I was not trading and felt this idea could be something for the 2013.
I am sure members here have your own views and concern for this thread.

Therefore I would just want to make a quick survey now and wouild love to hear from everyone following this thread.

What I feel most important for me to make a decision and initiate a live trading group is:
- what will you bring into the live trading group
- what are your expectations of the live trading group
- what will you benefit by being in a live trading group

Please post your opinion and also your suggestions by the 15 Jan 2013. * Please do not use Private Messaging (PM).
This is just a preliminary survey to get your input and is not a decision to start a live trading group.

I hope to gather enough feedback and then I will make a suggestion how we together can make it happen.

With my very best wishes to you and your families,

HAPPY NEW YEAR!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,391
  • Dec 29, 2012 8:21pm Dec 29, 2012 8:21pm
hello bro ,

I was thinking the same ... I agreed

I'm IN.

HAPPY NEW YEAR TO ALL
  • #18,392
  • Dec 29, 2012 9:12pm Dec 29, 2012 9:12pm
Quoting Ramjet
Multi Time Frame Simulator help please..
...
However after doing both only one of the charts works for a few seconds then MT4 freezes..

Could someone explain what I am missing??

Help appreciated please!

Cheers,
Adrian
Hi buddy,

I know there's an issue with dual core pc. You can read this post, maybe it could resolve that problem.
Find your edge, make your system, stick to it.
  • #18,393
  • Dec 29, 2012 11:07pm Dec 29, 2012 11:07pm
To emmanuel7788 and all Fellow Traders,

Happy, Joyous and Prosperous New Year for 2013!!!!

Stay Safe and Stay Blessed.

Steve
  • #18,394
  • Dec 29, 2012 11:34pm Dec 29, 2012 11:34pm
Happy New Year everyone. Wish more adventures to all members 2013!
  • #18,395
  • Edited Dec 30, 2012 12:00am Dec 29, 2012 11:52pm | Edited Dec 30, 2012 12:00am
Mental Fitness for Traders

Question everyone must ask himself/herself is :

Do I have the mental fitness to be a trader?

There is a 35-page pdf (actually only 33 pages to read because 2 pages are advertising) available in the piublic domain.
This is generic basic stuff you will find repeated over and over again by forex coaches, forex schools, ...but I think it is worth a read for newbies starting out.

Just Google "Mental Fitness for Traders" and you will find several places to download the pdf.

I am here sharing with you all here in Forex Factory what I learned and from my experience trading spot forex for 5 years now. I am not a teacher of this method/system. This thread starter/owner is FF member name Loveevery1 and he is someone whom many of us learn from and we respect and consider him our teacher.

Over the many months, I see over the time that this thread has developed an ethos of its own and I will show mutual respect for all members who come into this thread and share from their own experience. I expect nothing more except that everyone in here observe Forex Factory' Rules for members. If any member here thinks otherwise and do not comply with the FF Membership Rules, he / she is free to leave this thread anytime.

Thank you.

HAPPY NEW YEAR.

you can read FF Membership Rules here: http://www.forexfactory.com/userguide.php
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #18,396
  • Dec 30, 2012 2:05am Dec 30, 2012 2:05am
Quoting long_bow
Hi buddy,

I know there's an issue with dual core pc. You can read this post, maybe it could resolve that problem.
Hey Long_bow..

Hope all's well..

It's all sorted now, Jordfx gave me a helping hand..thanks for your help, appreciated!
  • #18,397
  • Dec 30, 2012 2:18am Dec 30, 2012 2:18am
Quoting emmanuel7788
Mental Fitness for Traders

Question everyone must ask himself/herself is :

Do I have the mental fitness to be a trader?

There is a 35-page pdf (actually only 33 pages to read because 2 pages are advertising) available in the piublic domain.
This is generic basic stuff you will find repeated over and over again by forex coaches, forex schools, ...but I think it is worth a read for newbies starting out.

[size=3]Just Google...
Hey Emmanuel7788..

I just wanted to say thanks and appreciate all you have offered in this thread and outside of this thread of your teachings as you have opened my eyes to many ways of looking at trading..

BIG thanks and appreciation to you always!!

Cheers,
Adrian
  • #18,398
  • Dec 30, 2012 2:32am Dec 30, 2012 2:32am
Happy New Year..

Hi ya Everyone..

I wanted to wish all the followers of this thread and loved ones a Happy and Prosperous New Year!!!!

Have an amazing 2013 every one!!

Cheers,
Adrian
Attached Image
  • #18,399
  • Dec 30, 2012 3:36am Dec 30, 2012 3:36am
Quoting emmanuel7788
Live Trading Room



What I feel most important for me to make a decision and initiate a live trading group is:
- what will you bring into the live trading group
- what are your expectations of the live trading group
- what will you benefit by being in a live trading group

I will be able to offer very little to a live trading room. For me it was a bigger distraction than a FF thread. The other problem (when I was in a room) was when things were quiet for the system a whole horde of 'other' trades were getting called. That didn't help the methodology at all.

If you can have someone acting as a moderator and really keep the room focused then it might be a good thing. That person would have to have his head 'right' otherwise it might hit their trading. Its actually more difficult than it sounds to keep things on track.

Best wishes if thats the route you go.
  • #18,400
  • Dec 30, 2012 4:09am Dec 30, 2012 4:09am
Quoting emmanuel7788
Live Trading Room

There were some previous suggestions to have a live trading group for example using Skype as one media. I have been thinking about this over the past two weeks since I was not trading and felt this idea could be something for the 2013.
I am sure members here have your own views and concern for this thread.

Therefore I would just want to make a quick survey now and wouild love to hear from everyone following this thread.

[font=Verdana][size=3]What I feel most...

I feel very much that this thread has accomplished and can still accomplish the purposes of having a live trading room IF we can determine to keep it on track and focussed! The greatest challenges has always and always will be...DISTRACTIONS! And I feel the same challenges will still rear its head even in a live trading room on skype or whereever. The problem I sense with this thread at the moment is that a lot of us seem to be forgetting the PURPOSE and SPIRIT with which LE1 started this thread in the first place! HE STARTED THIS THREAD WITH THE SOLE AIM OF HELPING NEWBIES!!! NOTHING MORE. NOTHING LESS. unfortunately a lot of folks see it as a place to show off how well they are doing trade wise...which could even be detrimental to a newbies psychology...especially when they now ask very simple questions based on the amazing trades being shown off and instead of answering, explaining and teaching ACCORDING TO THIS THREADS STRATEGY RULES, we snobbishly tell them to go and and read the thread from the beginning all over again...or start talking in riddles!!!
There are a some trades I take sometimes that garner between 60 - 90 pips but I don't post them here simply because they don't line up with this threads strategy rules and would simply serve to confuse newbies more and more. So I don't post them! When I get to point where I feel I have a better way to trade CONSISTENTLY using better AND SAFER combination of rules, then I'll start my own thread and try to teach these instead of trying to take over this thread with my own system! Again, LE1 is all about THE SAFEST ENTRIES IMAGINABLE...AND BY IMPLICATION SMALL STOPS..., SETTING SMALL PIP TARGETS(10 - 15pips), ALL TAKEN WITH RESPECT TO 10, 50 AND 200emas. WE CAN START MAKING LIVE TRADE CALLS HERE IN THIS THREAD USING THESE PARAMETERS AND I THINK IT WOULD BE OF IMMENSE HELP TO NEWBIES AND EXPERIENCED TRADERS ALIKE. There is no running away from the fact that the absence of LE1 has seriously affect the SPIRIT, DRIVE and FOCUS OF the thread, but we can correct that!!! And I think it is left to the more experienced traders to do just that. A lot of these experienced traders are also fading away with LE1s absence...which brings to question their motive for being here in the first place..TO HELP NEWBIES???? Then why not stay and still help even in LE1s absence?????? hmmmmmmm.....anyway sorry for such loonng post but these things were weighing on my mind I thought it better to unburden them. thanks y'all! Much love.
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