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Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

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

  • #22,161
  • Jul 19, 2013 9:55am Jul 19, 2013 9:55am
Inserted Video
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #22,162
  • Jul 19, 2013 10:20am Jul 19, 2013 10:20am
Expert Advisor (EA) for TMS Back-testing:

Download this and run your back-testing using the MT4 Strategy Tester.

To see your TMS template during your back-testing, you need to save your TMS template with the name 'tester.tpl'

The strategy tester will run your back-tests using this 'tester.tpl' on the chart.

click xTDI Cross EA to download.

This will keep you busy this weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,163
  • Jul 19, 2013 10:29am Jul 19, 2013 10:29am
If you are new to using the MT4 Strategy Tester, watch this video tutorial:

Inserted Video
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,164
  • Jul 19, 2013 10:31am Jul 19, 2013 10:31am
Quoting emmanuel7788
Expert Advisor (EA) for TMS Back-testing: Download this and run your back-testing using the MT4 Strategy Tester. To see your TMS template during your back-testing, you need to save your TMS template with the name 'tester.tpl' The strategy tester will run your back-tests using this 'tester.tpl' on the chart. click xTDI Cross EA to download. This will keep you busy this weekend.
Hi Emmanuel,

Where should I save this EA file to?

Hope you have a good weekend!

Paul
  • #22,165
  • Jul 19, 2013 10:56am Jul 19, 2013 10:56am
Quoting irishtoffy
{quote} Hi Emmanuel, Where should I save this EA file to? Hope you have a good weekend! Paul
expert folder ..
Attached Image (click to enlarge)
Click to Enlarge Name: MT4 folder for EA .png Size: 23 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,166
  • Jul 19, 2013 11:07am Jul 19, 2013 11:07am
EJ 19 Jul H1 trades closed.

Close shop for this week.

Have a Good Weekend.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 19 Jul H1 trades closed 20-7-2013 12-02-45 AM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,167
  • Jul 19, 2013 12:28pm Jul 19, 2013 12:28pm
Hi emmanuel,
just a little question, because i am making my chart template new. I want to have also a white background like you.
Should i use the normal TDI indicator or the TDI RT indicator ?


Regards,
FX94
  • #22,168
  • Jul 19, 2013 12:43pm Jul 19, 2013 12:43pm
Two small EJ H1 trades today.....first one during Asian off a pullback candle and TDI cross....set TP at last months high. Second trade...entered off bounce of Monthly line and exited on second candle pullback for 15 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013.7.19 ej h1.png Size: 53 KB
  • #22,169
  • Jul 19, 2013 12:48pm Jul 19, 2013 12:48pm
Quoting emmanuel7788
EJ 19 Jul M5 PAC view: {image}
Hi Emmanuel

Your post makes me ponder a number of things. Would you please assist and clarify for me:

Given:
1. Because it's Friday,the decision has been made to trade only intraday, using TDI, APB, PAC and usual S&R's (as you stated in a previous post).
2. On the chart, I've overlaid hourly candles and H4 Hi Lo for explanatory purposes.
3. We've identified:
- Prev W fib levels (127% @ around 131.25)
- Prev D levels (38.2 at around 131.37 and 50% at around 131.20)
- Prev M High (Purple line @ 131.28)
4. Big green candle previous day that broke resistance of 130.50, so want to buy at a good price (on a pullback)

As you've stated, we wait for PA to give us an entry signal at the identified support level of 131.50.

Options:
1. Do we place a pending buy order at identified level? (Risk is price could drop further).
2. Do we rely now only on PA on the LTF (M5 /M15) to make a decision? Buy at first setup.
3. Do we wait for some kind of PA setup on a HTF like H1 or H4 before taking a trade on the M5 or M15?

Or am i over-complicating?

Axiom

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY,M5_2013-07-19_16-05-58.jpg Size: 350 KB
  • #22,170
  • Jul 19, 2013 1:09pm Jul 19, 2013 1:09pm
Quoting emmanuel7788
{quote} surfclimbfly, nice idea! The TDI angle is is something I had not figured out in a mathematical way. The visual angle can be subjective and that depends on the screen aspect ratio. With a spect ration 4:3, the angle looks steeper. But these days the wide screen distorts too much. Anyone with idea how to compute the TDI PL data and comparing the previous bar PL and current bar PL to give a ratio factor? Been thinking many days and nights but had not reached any conclusion. regards, EMMANUEL
Here are some TDI indi's wwhich display a Current and Prev slope. Not sure how to interpret them, and they differ from each other. Not knowing code, i've never known how to find out how the slope is calculated.
Can anyone shed some light as to their usefulness?
Attached File(s)
File Type: ex4 @TMSTDI_WatchDog.ex4   25 KB | 377 downloads
File Type: mq4 @TDIAngle.mq4   3 KB | 477 downloads
File Type: ex4 @TMS_TDI_Slope.ex4   10 KB | 473 downloads
File Type: ex4 @TMS_TDI_SlopeAlert.ex4   18 KB | 418 downloads
  • #22,171
  • Jul 19, 2013 1:45pm Jul 19, 2013 1:45pm
Quoting Phx62
Two small EJ H1 trades today.....first one during Asian off a pullback candle and TDI cross....set TP at last months high. Second trade...entered off bounce of Monthly line and exited on second candle pullback for 15 pips.{image}
Inspiring as usual Phx62. For your second trade. What does the monthly line mean?

For this week on the EUR.JPY, I am glad to say asides from one trade, I have taken or at least considered seriously all the trades you have posted. Problem is, I have also taken other trades that werent as effective. Before I was over analyzing, now Im over trading.

Congrats on your continuing no-lose streak.
  • #22,172
  • Jul 19, 2013 5:11pm Jul 19, 2013 5:11pm
A big Thanku Phx62 and emmanuel7788

for the Backtesting info, will be trying over the weekends your both guideing STARS
  • #22,173
  • Jul 19, 2013 5:38pm Jul 19, 2013 5:38pm
Quoting tenmilewalk
{quote} Inspiring as usual Phx62. For your second trade. What does the monthly line mean? For this week on the EUR.JPY, I am glad to say asides from one trade, I have taken or at least considered seriously all the trades you have posted. Problem is, I have also taken other trades that werent as effective. Before I was over analyzing, now Im over trading. Congrats on your continuing no-lose streak.
I draw S/R lines on my chart from the high and low of last month and the high and low of last week.....they often are very strong S/R lines as you can see this week. I did have two small losses this week that I did not post.....one for -11 on a Asian session trade and -14 on a NY session trade........I just don't see any benefit to showing them....everyone has losses so I don't know what anyone can learn from mine.....
  • #22,174
  • Jul 19, 2013 5:42pm Jul 19, 2013 5:42pm
Quoting Fx94
Hi emmanuel, just a little question, because i am making my chart template new. I want to have also a white background like you. Should i use the normal TDI indicator or the TDI RT indicator ? Regards, FX94
Hi Fx94,

Use the TDI RT.

But please make sure to rename that to "Traders Dynamic Index"

Reason is the EA when running will look for this name and get data from it to run.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,175
  • Jul 19, 2013 6:22pm Jul 19, 2013 6:22pm
Quoting Axiom
{quote} Hi Emmanuel Your post makes me ponder a number of things. Would you please assist and clarify for me: Given: 1. Because it's Friday,the decision has been made to trade only intraday, using TDI, APB, PAC and usual S&R's (as you stated in a previous post). 2. On the chart, I've overlaid hourly candles and H4 Hi Lo for explanatory purposes. 3. We've identified: - Prev W fib levels (127% @ around 131.25) - Prev D levels (38.2 at around 131.37 and 50% at around 131.20) - Prev M High (Purple line @ 131.28) 4. Big green candle previous day that...

Hi Axiom,

The whole thought process for this trade was over several days following EJ day by day since I had 4H swing trade this week. I tried to write these in several progressing posts over several days.

1) I do not use pending order for this trade, especially not for a trade initial entry. Need to see that the support is confirm as base for long.
Any entry after that H1 mother candle is risky because the previous 3 H1 candles are consecutive red candle. We need to see this H1 downflow stopped before we buy.

2) For H1 trading, the setup is always H1. Using M15/M5 is to better time the entry. This is the MTF approach using Triple Screen H4 being the Trend screen, H1 is the trdae Setup screen, and M15/M5 is the entry Timing screen.

3) PA on H1 is the trade setup criteria. I do not use TDI cross as entry condition for H1 trading. The H1 PA for this trade is what I see -
- I have first identified several S&R for this EJ intraday trading,
- I look at Tokyo first 5-hours trading. That morning, TOK_5H was about 87pips, and this is above my range limit of 50pips. And with H4 as my Primary Trend, H1 as Intermediate Trend.
- The H1 PA shows that price move down and stalled after the 4th H1 candle and did not move any lower for the next 3 H1. Then at LO, my decision is to buy since PA show price has a base. This is when LTF M5 PAC comes into action. I use the wave pattern and pick an entry when the APB close outside the PAC upper channel.

No you are not over-complicating. It is all good to have an inquisitive mind and also being meticulous with the third eye for details.

However, some traders see what I do here as distracting and also diverting from the simplicity of TMS..

Below is my favourite pic.

regards,

EMMANUEL
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,176
  • Jul 19, 2013 6:34pm Jul 19, 2013 6:34pm
Here is EJ H1 candle view:
Attached Image (click to enlarge)
Click to Enlarge Name: EJ week 29 H1 candle view 20-7-2013 7-24-06 AM.png Size: 56 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,177
  • Jul 19, 2013 6:48pm Jul 19, 2013 6:48pm
EJ Big Picture:

putting 1 and 1 together...
Attached Image (click to enlarge)
Click to Enlarge Name: EJ MTFA week 29 20-7-2013 7-41-35 AM.png Size: 174 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,178
  • Jul 19, 2013 6:54pm Jul 19, 2013 6:54pm
Quoting Axiom
{quote} Here are some TDI indi's wwhich display a Current and Prev slope. Not sure how to interpret them, and they differ from each other. Not knowing code, i've never known how to find out how the slope is calculated. Can anyone shed some light as to their usefulness? {file} {file} {file} {file}

Axiom,

thanks for those indies. the one name 'angle' may be the one I am looking for.
will get cracking with them this weekend.

Have a Good Weekend. ... as usual we re-charge and be ready for another week' work.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,179
  • Jul 19, 2013 6:58pm Jul 19, 2013 6:58pm
Quoting heispark
http://youtu.be/XRFuSZIf1iw
heispark,

four good videos. thanks.

now we all know why some broker platform provides DiNapoli trading templates.

folks who wants to know why TMS we use 5EMA with Shift +3 ... ask this man name Joe.

or google "displaced moving averages" ... and learn to use them.

have a good weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,180
  • Jul 19, 2013 10:59pm Jul 19, 2013 10:59pm
I’ve been reading through this thread, and just found out the owner Eelfranz has sadly passed away. It’s good to see the thread has kept on going, but looking through recent posts setups look different to the original rules set by Eelfranz. Is anyone still trading the original system and rules set by Eelfranz?
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