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Trading Made Simple

  • #19,741
  • May 24, 2013 4:48am May 24, 2013 4:48am
Hi,
another first post around here. I have been studying for a while now and am taking my first steps with this system.

I initiated a trade on USDCAD just now. I took it since I think there are alot of things coming together in the same spot at the moment. We are just above previous week high, bounced on channel bottom and historical support level, strong uptrend on higher TF, nice swings inside channel. I have two TP levels, TP1 close to weekly fib 161 level and TP2 might be a little off behind a support level in retrospect.

The only thing bothering me is that its friday afternoon soon. How do you handle your trades over the weekend? Do you close out H4 trades or do you let them run?

Do you see any other things that I should consider here? Did anyone else consider this trade?

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_2013-05-24_11.02.41.png Size: 60 KB


I really appreciate the good spirit and super helpful people in this thread! You are great!

hson
sweden
  • #19,742
  • May 24, 2013 4:58am May 24, 2013 4:58am
Quoting emmanuel7788
{quote} Amirsaid, sorry I don't use THV Cavemanager.Anyone here using this EA trade manager? Pls help out.Thanks Regards,EMMANUEL
Hi guys, I am using this EA but still learning. Also I had some issues with the "UseLoss_By_Batch" function. It seems that it closes percentage of the position even when you are in profit, if the market is turning against you. But I am still trying to confirm that.

As for the rest of the settings, you can find all info in the attached PDF, but it needs testing to bring it to your likes.

Hope this will help...
Attached File(s)
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 536 downloads
  • #19,743
  • May 24, 2013 5:02am May 24, 2013 5:02am
Quoting Prominent88
Hi all, I have taken this trade (Long for EU 4H), any comments? Is it this is a valid and strong entry? I enter this trade because:a. there is a strong uptrust barb. TDI line seem go upc. Stoch confirmd. There is support at Pre W Fib50% Attached is my trading chart. {image}
Prominent88,

Your logic of 4H TMS setup entry is wrong.

Now you write down what the 5 entry rules for TMS 4H Entry:

1)
2)
3)
4)
5)

Practice this, it is very important for you and everyone to have these rules 'wired in your brain'. These rules must be our Unconscious Competence to trade TMS.

Regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,744
  • May 24, 2013 5:14am May 24, 2013 5:14am
Quoting Prominent88
{quote} Hi Emmanuel, Can you share the R-Multiple Exit management EA? Thanks,Prominent88
those were scripts use to draw on charts and they were posted before.

if you cannot find them using the FF serach paper clip, shout here again....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #19,745
  • May 24, 2013 5:28am May 24, 2013 5:28am
Hi trade members, just took this short on USD CHF. Support on the W -50% was tested several times but is broken now. Bounce in TDI.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.h4.png Size: 51 KB
  • #19,746
  • May 24, 2013 5:29am May 24, 2013 5:29am
Emmanuel..i took this trade. Was it a good entry?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcadh4.png Size: 33 KB
Click to Enlarge Name: usdcadh1.png Size: 36 KB
  • #19,747
  • May 24, 2013 5:30am May 24, 2013 5:30am
Quoting gegeorge
{quote} Hi guys, I am using this EA but still learning. Also I had some issues with the "UseLoss_By_Batch" function. It seems that it closes percentage of the position even when you are in profit, if the market is turning against you. But I am still trying to confirm that. As for the rest of the settings, you can find all info in the attached PDF, but it needs testing to bring it to your likes. Hope this will help... {image}


thanks geogeorge
  • #19,748
  • May 24, 2013 5:35am May 24, 2013 5:35am
Quoting hson
Hi,another first post around here. I have been studying for a while now and am taking my first steps with this system. I initiated a trade on USDCAD just now. I took it since I think there are alot of things coming together in the same spot at the moment. We are just above previous week high, bounced on channel bottom and historical support level, strong uptrend on higher TF, nice swings inside channel. I have two TP levels, TP1 close to weekly fib 161 level and TP2 might be a little off behind a support level in retrospect. The only thing bothering...
Hi,

Yes i took this long UC trade too. Doesn't seem to be doing a lot at the moment. I'm now thinking what I will do with it over the weekend...ideas?
  • #19,749
  • May 24, 2013 5:36am May 24, 2013 5:36am
Quoting emmanuel7788
{quote} Hi rosiew, Watch this short video which will help you. http://www.youtube.com/watch?v=2xWETxJmLAM The .ex4 files are compiled executable files for MT4. These are what you need and you have to copy them the the installed MT4 folder c:<mt4> expertsindicators... remember to re-start your MT4 application. regardsEMMANUEL
Hi Emmanuel,

Thanks very much, yes I have loaded them and they work, I am quite excited,
you are such a great help.
I will try and make a trade next week,
regards,
Rosemary
  • #19,750
  • May 24, 2013 5:39am May 24, 2013 5:39am
Quoting Gizzledonk
{quote} MT4 will work with either the MQ4 or the EX4, the EX4 is just a compiled version of the MQ4 - you don't need to install both.To work they/it need to be placed into the (MT4 install folder)/experts/indicators folder. (tip, if you are using win7 you can right-click your desktop shortcut and select 'Open file location' - screeny attached). Once they are in that folder you should start or restart MT4 (at which point the program compiles the MQ4 files) you can then find the indi in the 'Navigator' 'Custom Indicators' folder, you can drag and...

HI Gizzledonk,

Thanks for the explanation, it is clear now, I am previously a Mac user so not as good with the computer.
Very informative explanation, I have got them to work,
Regards,
Rosemary
  • #19,751
  • May 24, 2013 5:40am May 24, 2013 5:40am

Here's a tip for anyone with a wide screen computer that's looking for a nice way to set up the TMS system.


**Screeny attached**

The main H4 chart occupies roughly a square of the screen and on the right hand side.
other time frames (of the same pair) have their own smaller windows on the left - set up as you find best for quick reference of support and resistance, trend etc.
I put the other time frames on the left (rather than the right) as it encourages me to 'keep looking left' which is always a good idea.

I use this setup for TMS all the time, I find having support and resistance levels etc shown on the most appropriate time frame really helps keep the main window 'clean' which was one of Big E's original points.

To make this method work you save the set of windows for each currency pair as a separate Profile it takes a while to set up in the first place but it means you can fiddle with all the bits on the each chart without affecting other pairs. (within reason)

** You can also copy the Profiles folder from the MT4 install and keep it elsewhere as a backup.

While we're on that subject,,,,

Did you know you can copy (**not move!!**) your entire MT4 install onto a memory stick so that if your computer fails you will have a backup - meaning you can get back trading a lot quicker and with your MT4 EXACTLY as it was when you backed it up.


It's also a great method of copying an install onto a second computer eg. laptop to home PC etc.


To make the backup;

  1. Close MT4
  2. Navigate to your MT4 install folder (see my last post on this thread)
  3. COPY (NOT Cut or Move)the complete folder with all contents, if you have multiple installs make sure it is correctly named and that you have the one you want.
  4. PASTE to memory stick, external drive etc. and if you're paranoid (I am - so there's no shame in it) also copy it into a password protected zip file and chuck it into your DropBox, Google drive etc.


If you should need to do it the easiest way to restore this backup is;

  1. install a fresh MT4 onto your new/repaired/spare computer - brand new downloaded install, unused, fresh.

  2. open the folder for this brand new install in windows explorer.

  3. make sure it is the new install not a pre-existing one.

  4. delete the contents of the folder (but not the folder itself)

  5. copy the backup version into the now empty folder

  6. start MT4 in the normal way - the account number will show but you will need to enter your password.

Obviously if you're going to do this, try it on an old/unused install first and do not delete the contents of your live account MT4 install folder.


Actually, this isn't strictly TMS so I'll shut up about it, but if anyone is interested in a more detailed method of backing up an MT4 install and the things you can and can't do I'll put a PDF together about it.
None of it will cost you a penny and could save you time and money.
Until I get immensely rich from trading TMS I still (sadly) have to work as an IT consultant so I do know about this stuff. It's quite boring but can be important if you have actual real money in the system.
Attached Image (click to enlarge)
Click to Enlarge Name: 5.jpg Size: 458 KB
Don't ask me, I have no idea what's going on.
  • #19,752
  • May 24, 2013 5:45am May 24, 2013 5:45am
Quoting emmanuel7788
{quote} those were scripts use to draw on charts and they were posted before. if you cannot find them using the FF serach paper clip, shout here again....
Hi Emmanuel7788,

Actually I have search in the FF search paper clip before I ask you about that because I cant find the EA in there.

Is there anyone have that?

Thanks,
Prominent88
  • #19,753
  • May 24, 2013 6:06am May 24, 2013 6:06am
Quoting Prominent88
{quote} Hi Emmanuel7788, Actually I have search in the FF search paper clip before I ask you about that because I cant find the EA in there. Is there anyone have that? Thanks,Prominent88
Hi Prominent, I save the screenshot by the build in function of MT4 and reopen it with Paint to draw.
  • #19,754
  • May 24, 2013 6:08am May 24, 2013 6:08am
Quoting emmanuel7788
{quote} Prominent88, Your logic of 4H TMS setup entry is wrong. Now you write down what the 5 entry rules for TMS 4H Entry: 1)2)3)4)5) Practice this, it is very important for you and everyone to have these rules 'wired in your brain'. These rules must be our Unconscious Competence to trade TMS. Regards,EMMANUEL
Hi Emmanuel7788,

5 entry rules:
1. TDI cross or bounce
2. Stoch confirm the direction with TDI
3. Enter in APB candle #1 or #2
4. Entry follow the trend

Is it correct? Any advice?

Thanks,
Prominent88
  • #19,755
  • May 24, 2013 6:15am May 24, 2013 6:15am
Quoting Gizzledonk
I'll put a PDF together about it.None of it will cost you a penny and could save you time and money.Until I get immensely rich from trading TMS I still (sadly) have to work as an IT consultant so I do know about this stuff. It's quite boring but can be important if you have actual real money in the system. {image}
great post Gizzledonk , these days im trying to document my trading in plan so this feature is important really really important , i was thinking if sth happen i would need to call my broker to close any open trades untill i can reinstall, anyway U DA BEST ... im waiting your pdf


btw guys anybody knows how to drag ATR indy into TMS , its not possible at my end , i cant pm dcginc yet cuz im new
  • #19,756
  • May 24, 2013 6:52am May 24, 2013 6:52am
Quoting Pipsmurfer
Hi trade members, just took this short on USD CHF. Support on the W -50% was tested several times but is broken now. Bounce in TDI. {image}
Closed it manually +3 pips, reason is the upcoming figures of the durable goods in VS. I expect this figure to be positive so the USD wil get stronger against CHF.
We will know in about half an hour.
  • #19,757
  • May 24, 2013 7:24am May 24, 2013 7:24am
Quoting Prominent88
{quote} Hi Emmanuel7788, Actually I have search in the FF search paper clip before I ask you about that because I cant find the EA in there. Is there anyone have that? Thanks,Prominent88
When you mean this:

Attached File(s)
File Type: ex4 Draw_Lines Buy EP SL TP.ex4   2 KB | 525 downloads

Attached File(s)
File Type: mq4 Draw_Lines Buy EP SL TP.mq4   3 KB | 812 downloads

Attached File(s)
File Type: ex4 Draw_Lines Sell EP SL TP.ex4   2 KB | 516 downloads

Attached File(s)
File Type: mq4 Draw_Lines Sell EP SL TP.mq4   2 KB | 714 downloads


They are scripts NO EA
  • #19,758
  • May 24, 2013 7:52am May 24, 2013 7:52am
I took this trade last night in NU TF h1
Attached Image (click to enlarge)
Click to Enlarge Name: NU h1.png Size: 44 KB
  • #19,759
  • May 24, 2013 7:52am May 24, 2013 7:52am
Quoting G.Grillz
{quote} great post Gizzledonk , these days im trying to document my trading in plan so this feature is important really really important , i was thinking if sth happen i would need to call my broker to close any open trades untill i can reinstall, anyway U DA BEST
Thanks for the interest!! PDF is under way and should appear on here later today or over the weekend depending how much havoc the kids cause.
'bless em,,,
Don't ask me, I have no idea what's going on.
  • #19,760
  • May 24, 2013 8:04am May 24, 2013 8:04am
Quoting Fame of me
I took this trade last night in NU TF h1 {image}

everything seems to be good there, btw very interesting way of jounaling ur trades, if u can keep pics of all ur trades like this

btw how many pairs u trade ?
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