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Trading Made Simple

  • #22,041
  • Jul 18, 2013 6:08am Jul 18, 2013 6:08am
Quoting emmanuel7788
{quote} when you do use MPTM, you need to know how to and how to load the set file I post here. you need to unzip that file then save that particular set into the expert/preset folder. {image}
Do I save the MPTM MQL4 file in the same folder?
  • #22,042
  • Jul 18, 2013 6:15am Jul 18, 2013 6:15am
http://charts.mql5.com/2/65/eurjpysb...ad-trading.png

My EJ trade this am took on break of Asian high, not as many pips as phx62 but 23 in the bank so slowly becoming profitable.

Thanks again all you regulars especially Emmanuel and PHX62.

I hope I can start to give back.
  • #22,043
  • Jul 18, 2013 6:17am Jul 18, 2013 6:17am
Quoting emmanuel7788
{quote} EJ looks ugly now. Time to exit for intraday ... How I got those price levels - 131.05 and 131.43, here below is how. The intraday resistance is Prev D High 131.35 the intra week resistance is Prev W Fib127% 131.24 ... all congested in this supply zone. {image}
Emmanuel, I have been looking for the indicator of the average weekly range and a good S/R indicator, like that supply indicator you use. but I can't find them. Can you give me the names of those indicators, so I can find them in the list?
  • #22,044
  • Jul 18, 2013 6:17am Jul 18, 2013 6:17am
Quoting emmanuel7788
{quote} A Girl named Joe,... there must be a good reason for that. You'll like this Johnny Cash song: https://www.youtube.com/watch?v=WOHPuY88Ry4
Absolute classic emmanuel
  • #22,045
  • Jul 18, 2013 6:44am Jul 18, 2013 6:44am
Quoting Dabbeljoe
{quote} Oke, this is very educative. Wat I did is check on the daily and saw PA go up and TDI too. How come your chart is different? Bars can be different, but your TDI is still above red? Mine just crossed above. About entering in H4 atm; I did check it on LTF, the M5, to enter at the right moment, tdi going up and PA too. Should I make that the M15? I don't like to scalp on LTF, I did this before and I almost got a thank-you-letter from my broker. I will read the EASY pdf, didn't know that one, I did see the synergy video's, may have to check...
Ok,let me try and explain more clearly to you.
I don't know about your AU chart but I've checked your UC chart with mine and I don't see any different. So maybe you want to check back .
About your AU trade,price on daily chart is still inside the PAC so price is consolidation (moving sideways). You have 2 choices:1 is stay out of the market and wait for the market to trend to enter,2 is jump in but expect the market to be really hard to trade. You want to enter(let's say H4 chart) when the APB bars are riding on top(bottom) of the PAC. Again,I believe that there are a lot of video on compassfx about sideways market or ranging market and how to spot them.

And your UC trade,I didn't mean that. When you see the price couldn't break through previous candle low,you should pay attention to the market and be caution that the market will go into consolidation or retrace. In this trade,when the APB bar was trying to get inside of the PAC,it indicated that price was moving sideways for the moment. Even on the Weekly chart,APB bar closed inside the PAC. If you watch synergy video,you will know that Dean Malone doesn't recommend trading when APB is inside the PAC. If you want to trade the trend and have a conservative entry,wait for the signal on daily chart and enter on LTF.

Anyway,hindsight is 20/20 but as emmanuel said:"We learn from hindsight".

I can't upload any chart now so I hope that you understand.
Regards,
  • #22,046
  • Jul 18, 2013 6:50am Jul 18, 2013 6:50am
emmanuel i am a TMS trader but i dont post much - please can you post the dashboard, and thanks also for your mptm set file
  • #22,047
  • Jul 18, 2013 7:09am Jul 18, 2013 7:09am
Quoting frenetic
{quote} Ok,let me try and explain more clearly to you. I don't know about your AU chart but I've checked your UC chart with mine and I don't see any different. So maybe you want to check back . About your AU trade,price on daily chart is still inside the PAC so price is consolidation (moving sideways). You have 2 choices:1 is stay out of the market and wait for the market to trend to enter,2 is jump in but expect the market to be really hard to trade. You want to enter(let's say H4 chart) when the APB bars are riding on top(bottom) of...
I made pics of your chart and mine, but I don't think they are the same! Am I comparing different charts??

Anyway, I will look at the compassfx video's again, I think I need to go back to school. But I do know what I'm doing wrong is looking at the right setup on the H4 and use the daily just for trend. I need to have a clear set-up at the daily too, if I want to trade the H4.
Thanks!
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  • #22,048
  • Jul 18, 2013 7:38am Jul 18, 2013 7:38am
Emmanuel - the dashboard makes you an Expert Plus! And yes I would like it. Thank you for the time you devote to this thread. p.
  • #22,049
  • Jul 18, 2013 7:55am Jul 18, 2013 7:55am
Quoting TheScorpS
I'm into this trade, EUR/JPY sell Counter trend trade What do you think guys ? my TP is set at 52 pips {image}
Not sure if you saw but there seems to be resistance which might turn support. I would not have taken a sell right there.

This was the trade I took a couple hours before london opened. Looks like bulls are still in control in UJ after finding some support I entered.
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  • #22,050
  • Jul 18, 2013 8:27am Jul 18, 2013 8:27am
Quoting irishtoffy
{quote} Do I save the MPTM MQL4 file in the same folder?
Looks like they missed you there buddy !

No, you put the MPTM directly in the " experts " folder of your MT4 broker program

When you open MT4, you will find it in the " Expert Advisors " section between Indicators & Custom Indicators

Drag & drop it on to your chart, it will open a window

Here you can make all the adjustments as well as LOAD the " preset " file mentioned before

Click on the LOAD button as shown in picture below, a window will open the preset folder

If you have saved the supplied file in there, it will show, click on it

Any time you make changes to the MPTM settings, you can click the SAVE button and save to the presets

Either save it over the existing file or name a new file eg TMS_001, TMS_002 and so on

Enjoy
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It takes a lot for me to IGNORE you, but you can try.
  • #22,051
  • Jul 18, 2013 8:37am Jul 18, 2013 8:37am
Quoting Dabbeljoe
{quote} Emmanuel, I have been looking for the indicator of the average weekly range and a good S/R indicator, like that supply indicator you use. but I can't find them. Can you give me the names of those indicators, so I can find them in the list?
Dabbeljoe,
You wont find them here in FF.

The Average Weekly range is something I created from another indicator for my purpose to analyse the history data to see how market traded each week from the week open. I use a 52-weeks (1 year) and 104-weeks (2-years) traded range average to determine my 4H swing trade targets. It is a cannablised indcator and is still 'buggy' and heavy on CPU resource. I need time to debug and make a clean version before I can share it here. This is only use for weekly trade planning so not necessary for everyday trading.

The supply zone shown in my chart posted is drawn manually. I eyeball the D1 charts and look for significant swing points using the close prices. Whenever I see a swing point being tested again, I zoom in and use MT4 rectangle drawing tool to draw a rectangle to enclosed the close price and the high price, then extend that to current market trading price region.
I also do this using the Weekly chart to look for any significant W1 swing point in the region of current market trading.

Basically, what is important is to observe how market reacts when trading in this identified support and resistance zones. Other traders will call these as supply and demand zones.

Hope this explain clear enough.

regards,
EMMANUEL
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,052
  • Jul 18, 2013 8:54am Jul 18, 2013 8:54am
Quoting emmanuel7788
{quote} Dabbeljoe, You wont find them here in FF. The Average Weekly range is something I created from another indicator for my purpose to analyse the history data to see how market traded each week from the week open. I use a 52-weeks (1 year) and 104-weeks (2-years) traded range average to determine my 4H swing trade targets. It is a cannablised indcator and is still 'buggy' and heavy on CPU resource. I need time to debug and make a clean version before I can share it here. This is only use for weekly trade planning so not necessary for everyday...
You are a Good trader
You are a Good programmer
And above of all you are a Good Human Being

Thank you Emmanuel for helping us here.

Mike

P.S. I got some pulse from my EA after loading your setting.Still playing with it.
Failure, is a wonderful teacher!
  • #22,053
  • Jul 18, 2013 8:56am Jul 18, 2013 8:56am
Quoting Erebus
{quote} Looks like they missed you there buddy ! No, you put the MPTM directly in the " experts " folder of your MT4 broker program When you open MT4, you will find it in the " Expert Advisors " section between Indicators & Custom Indicators Drag & drop it on to your chart, it will open a window Here you can make all the adjustments as well as LOAD the " preset " file mentioned before Click on the LOAD button as shown in picture below, a window will open the preset folder If you have saved the supplied file in there, it will show, click on...
Hey Erebus!

Yea I guess so!

So do I load that on to a chart after I have placed a trade, or before I place a trade? And will this apply to this 1 trade only, or to all future trades on that pair and I have to cancel it if I dont want that to happen?

Cheers

Paul
  • #22,054
  • Jul 18, 2013 8:59am Jul 18, 2013 8:59am
Quoting Dabbeljoe
{quote} I made pics of your chart and mine, but I don't think they are the same! Am I comparing different charts?? Anyway, I will look at the compassfx video's again, I think I need to go back to school. But I do know what I'm doing wrong is looking at the right setup on the H4 and use the daily just for trend. I need to have a clear set-up at the daily too, if I want to trade the H4. Thanks! {image} {image}
Now I know why,we have different broker. My broker timezone is GMT+3. If I'm not wrong,your broker has "Sunday candle" so you chart have 1 more candle than mine,and I don't think it's a big deal.
Regards,
  • #22,055
  • Jul 18, 2013 8:59am Jul 18, 2013 8:59am
Quoting irishtoffy
{quote} Hey Erebus! Yea I guess so! So do I load that on to a chart after I have placed a trade, or before I place a trade? And will this apply to this 1 trade only, or to all future trades on that pair and I have to cancel it if I dont want that to happen? Cheers Paul

everything about this EA is here.

http://www.forexfactory.com/showthread.php?t=89371

a little bit complicated.I am still studying it.

Good Luck
Failure, is a wonderful teacher!
  • #22,056
  • Jul 18, 2013 9:20am Jul 18, 2013 9:20am
Quoting Fx94
{quote} Hi emmanuel, Thanks for your answer and sorry for my late resonse. Had a lot of work here in Germany I analyzed my trade and came to this conclusions. The weekly bias was long, the daily bias was also long, and i placed my Trade at the 61.8 Fibo Retracement, which have been a wonderful retracement point for a long position. Could have made over 100 pips.................. ;( Please see my Fibo chart. Regarding the MTF analysis: I read the lesson in babypips school and in my opinion its a very good entrance for the MTF view. Yesterday I...
Hi Fx 94,

MTF analysis is a must have methodology to follow when trading TMS.
There is s good article in Investopedia website.
http://www.investopedia.com/articles...-timeframe.asp

You can setup TMs with Triple Screen with the TDI and APB for all three chart timeframes. Stochastics (8,3,3) is optional. Do not use any other indicators for TMS. The Alexander Elder Triple Screen is the concept we follow, but we do not follow his system yusng the MACD. We use only the TDI on all charts.

For TMS 4H swing trading, I use :

W1/D1 charts as the first screen. W1 I check only at the begiinning of the week to see the W1 Price Action and identify key support and Resistance. Then switch to D1 TF whcih I see on everyday basis. Both will help me determine the Primary Trend.

H4 as the second screen. This is the timeframe I use to look for trade setups.

H1 as the third screen. This is the timing chart for entry.

You will need a lot of chart practice in realtime to build up experience. Be patient.

It is difficult to explain a lot in posting here. But if we all post our charts and write what we see, it would help in the learning more effective and much quicker.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,057
  • Jul 18, 2013 9:22am Jul 18, 2013 9:22am
Quoting emmanuel7788
{quote} Dabbeljoe, You wont find them here in FF. The Average Weekly range is something I created from another indicator for my purpose to analyse the history data to see how market traded each week from the week open. I use a 52-weeks (1 year) and 104-weeks (2-years) traded rzones. Hope this explain clear enough. regards, EMMANUEL {image}
It seems we are passing this area.how many times price stopped here.
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Failure, is a wonderful teacher!
  • #22,058
  • Jul 18, 2013 9:22am Jul 18, 2013 9:22am
Quoting mike1349
{quote} everything about this EA is here. http://www.forexfactory.com/showthread.php?t=89371 a little bit complicated.I am still studying it. Good Luck
Yea Im a bit confused to say the least!

Are scripts part of the EA or are they separate?

Should the scripts be loaded in to the Experts/Scripts folder or the Experts/Preset folder?
  • #22,059
  • Jul 18, 2013 9:28am Jul 18, 2013 9:28am
Quoting mike1349
{quote} everything about this EA is here. http://www.forexfactory.com/showthread.php?t=89371 a little bit complicated.I am still studying it. Good Luck

TMS folks,

MPTM is a very good trade manager EA. It has many features which you can use to manage TMS trades.
But this EA is a monster so you will need time to try it and learn how to use it and use those features in your trading with TMS.
It works great for my 4H swing trading with multiple entries trading and managing a basket of trades.
It took me more that 6 months of intensive use to learn to use its features. I have been using this for close to 4 years since.

For those of you who are new to using Expert Adviser, it will be tough because it is somethig new and needs time to learn.

Alternative, you can use Cavemanager EA as many traders here uses that EA trade manager. It is a lot easier to use this compared to MPTM.

Have Fun!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,060
  • Jul 18, 2013 9:30am Jul 18, 2013 9:30am
Quoting emmanuel7788
{quote} TMS folks, MPTM is a very good trade manager EA. It has many features which you can use to manage TMS trades. But this EA is a monster so you will need time to try it and learn how to use it and use those features in your trading with TMS. It works great for my 4H swing trading with multiple entries trading and managing a basket of trades. It took me more that 6 months of intensive use to learn to use its features. I have been using this for close to 4 years since. For those of you who are new to using Expert Adviser, it will be tough because...

I was reading the instruction of cave manager but I couldn't find the Jumping Stop>
Does it have this option?
Failure, is a wonderful teacher!
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