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Trading Made Simple

  • #22,361
  • Jul 24, 2013 6:20am Jul 24, 2013 6:20am
Quoting fx light
{quote} thanks for your reply, you have shown me something valuable Mr Emmanuel. 1. I need someone to point me in the direction of where to download that script for those Buy Sell lines Entry with SL and TPs drawn on your charts.
fx light,

I like the way you numbered your paragraph reply. Are you a lawyer?

here I attach the latest version of my scripts.
this version is improved over the previous one. it will calculate the initial stop loss using ATR(10).

these are scripts, so copy them to your mt4expertsscripts folder

add these to your Navigator Favourite and you can simply select drag and drop the script exactly on the point where your entry price is.

regards,
EMMANUEL
Attached File(s)
File Type: ex4 Draw_Lines Buy EP SL TP v3.ex4   3 KB | 1,075 downloads
File Type: ex4 Draw_Lines Sell EP SL TP v3.ex4   3 KB | 1,068 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,362
  • Jul 24, 2013 6:44am Jul 24, 2013 6:44am
Quoting emmanuel7788
{quote} fx light, I like the way you numbered your paragraph reply. Are you a lawyer? here I attach the latest version of my scripts. this version is improved over the previous one. it will calculate the initial stop loss using ATR(10). these are scripts, so copy them to your mt4expertsscripts folder add these to your Navigator Favourite and you can simply select drag and drop the script exactly on the point where your entry price is. regards, EMMANUEL {file} {file}
Thank you Mr Emmanuel for sharing your insight. Emmanuel is one of my names (GOD WITH US) i really appreciate.
1. I am not a lawyer.
2. Thanks once again
i am the lord that giveth thee power to create wealth.
  • #22,363
  • Jul 24, 2013 8:47am Jul 24, 2013 8:47am
Quoting aliwane
hello trader's can you upload to me please the last version with some information please because I loved this Strategy, thank you so much for your help
aliwane,

please read the thread from the beginning and follow the posts by the OP.

everything here can be downloaded.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,364
  • Jul 24, 2013 9:40am Jul 24, 2013 9:40am
EU did a second bounce off the M15 200EMA again in same day... LOL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,365
  • Jul 24, 2013 10:24am Jul 24, 2013 10:24am
TMS - My Thoughts

I thought I would share this as perhaps it will be somewhat insightful for a new Forex Trader or someone who is thinking whether or not to use TMS as part of their trading strategy.

As in most Forex Forums, there are numerous threads about the latest and greatest strategy claiming to yield amazing returns if you use this indicator or that indicator, or an EA that can make you a coffee while it makes 2000 pips per week off the 1 min chart, blah blah. You soon find out that 99.99% of this is garbage.

As most new traders (I count myself in this group) you find out that simple is best, clean charts, proven Price Action Methods often aren't "sexy" but they do the job.

This method works.

If I can make pips using this, you can too.

If you follow the rules from "Big E"..... that's all you need to make pips, I know their are posters that have added on to the original rules and are doing fine/better but I don't use any of that stuff (PS I am not knocking, I have lots of respect for them).

Since I have switched to this method, the original method by Big E I have become a winning trader.

Here's what you need to do in my opinion to start off on the winning foot.....

1. Study old charts (not always fun but only after a short time you can see some good ways to identify a good entry and bad entry)

2. Have a check list before you enter a trade.....

o Where is the TDI Cross happening? What levels is this occurring at???

o How big are the candles??

o Is Stoch's confirming?

o Where's the S&R <--- Important, not a deal breaker I have done quick "scalps" on the 4h chart and manually exit my trade when it moves in my direction when its close to the support/resistance I identified before entering, sometimes it flies through it and you wish you had of stayed in, but have a plan with your trade, identify what your trading into/away from.


o What's the overall trend? (I really like trades that are with the higher TF trend)


3. Think!!!

Yes, common sense is huge to have, if you trade just a handful of currency pairs there are a ton of clean entries each week that would yield you more pips than you could ever need, why in the sweet f*** would you ever take an iffy entry and throw away pips back to the market and ruin your bottom line?


In Conclusion.....

If a dumb ass like me can make money with this method, you can win too and probably do much better.

Just think about what your doing, don't be a greedy doosh and respect the guys that have been contributing to make this thread better.
All you need is the original Big E rules and you'll do great, don't get me wrong, the respected guys who have modified it a bit are doing great too lots of respect for them.

You can make a lot of money with this method by having a plan and executing it accordingly.

Good luck.


PS a quick example of why I love this method..... I got up to take a leak at 2:00 AM PST time and noticed my trade on the AUD/USD that I had a great entry for on the 4hr chart at 10:00 PM PST time had gone up for +45 pips. Not bad money while I was farting, drooling and snoring in my sleep.

Cheers.
  • #22,366
  • Jul 24, 2013 11:59am Jul 24, 2013 11:59am
Just took +20 on EU.
Exited cause I'm going to sleep soon.

Didn't take any other trades today.

@phx62 or anyone else who can help me.. How do I show the entry and closed with the arrow like in phx62 charts? After I've closed my trade.
Thanks
  • #22,367
  • Jul 24, 2013 12:16pm Jul 24, 2013 12:16pm
Quoting evilmechy
Just took +20 on EU. Exited cause I'm going to sleep soon. Didn't take any other trades today. @phx62 or anyone else who can help me.. How do I show the entry and closed with the arrow like in phx62 charts? After I've closed my trade. Thanks
Go to the Terminal box on the toolbar and open it.....then open the Account History tab.....find the trade you want to show, click on the trade and drag it on to the chart and let go of the mouse button......it will place the arrows, TP & SL on the chart.
  • #22,368
  • Jul 24, 2013 2:22pm Jul 24, 2013 2:22pm
Quoting emmanuel7788
{quote} Kendal, simply put: 'fixed SL' is your trade initial stop loss. once market move above you entry price, you move you stop loss to above you entry price. That stop loss is now call 'protective stop'... which means you already protected some profit as the market price is above you entry level. when we move our initial stop loss to BE breakeven, usually it is good to add a few pips to the BE breakeven price level. this is your entry price + added pips. how many added pips? well you must cover your spread and any other costs of that trade. regards,...
Okay, I've tried setting the Order mode to 1 and running it with the
SL = 30, TP=100
and
SL = 100, TP=30

but still can't reproduce your test results. What am I missing?

Quote
For TDI cross entry with fixed SL & TP set:
Order.Mode=0, SL=30, TP=40.
For TDI cross entry and exit with protective SL & TP set:
Order.Mode=1, SL=30, TP=40.
For TDI cross entry and exit only set:
Order.Mode=1, SL=0, TP=0.
  • #22,369
  • Jul 24, 2013 3:25pm Jul 24, 2013 3:25pm
Quoting Andyvix833
TMS - My Thoughts I thought I would share this as perhaps it will be somewhat insightful for a new Forex Trader or someone who is thinking whether or not to use TMS as part of their trading strategy. As in most Forex Forums, there are numerous threads about the latest and greatest strategy claiming to yield amazing returns if you use this indicator or that indicator, or an EA that can make you a coffee while it makes 2000 pips per week off the 1 min chart, blah blah. You soon find out that 99.99% of this is garbage. As most new traders (I count...
Thanks you for your thoughts on TMS trading, ah I wish you guys doing well trading this method, between times and times add your thoughts , it might just helps some traders follow the path, I will continuously try to reach where you guys have reached, the turtle way I guess but this is life , Rome was not build in a day, it takes years to really build experience and confidence as any part of life, it took me almost 10 years to feel expertise and confidence in my daily job so I guess trading is no different

Thank You
I Have Learned to Take Some Losses to Make Profits
  • #22,370
  • Jul 24, 2013 4:29pm Jul 24, 2013 4:29pm
Quoting TheScorpS
{quote} Thanks you for your thoughts on TMS trading, ah I wish you guys doing well trading this method, between times and times add your thoughts , it might just helps some traders follow the path, I will continuously try to reach where you guys have reached, the turtle way I guess but this is life , Rome was not build in a day, it takes years to really build experience and confidence as any part of life, it took me almost 10 years to feel expertise and confidence in my daily job so I guess trading is no different Thank You
Scorp,

Do me a favor, study and back test old charts for entries and exit between the times that "Big E" states he trades from, it's a bit tedious but you'll soon see this really isn't rocket science if you stick to the rules.

Yes there are some really cool big indicators and we can make our chart look like the discovery channel on acid, but at the end of the day price is price and if you can identify good clean entries and exits and follow a plan (money management included etc) you'll be very successful.
  • #22,371
  • Jul 24, 2013 4:59pm Jul 24, 2013 4:59pm
Andyvix,

This question's been asked often, but ask again, what way of backtesting do you recommend? The old fashion way, schrolling back and using the F12 key forward. Also, do you have a set of pairs you only trade, or do you have a way to determine what pairs to trade a certain week or day? Very encouraged by your post, for I've been following this thread for awhile and have decided I really want to commit to TMS as my system. Also, as Scorps said, it does help when traders post that they've been having success. And finally, thank you to the teachers, if you will, of this thread, Emmanuel & Phx62 and others that have put their time and effort into helping us traders trying to learn this wonderful TMS system.

Cheers
  • #22,372
  • Jul 24, 2013 6:10pm Jul 24, 2013 6:10pm
Quoting Phx62
{quote} Go to the Terminal box on the toolbar and open it.....then open the Account History tab.....find the trade you want to show, click on the trade and drag it on to the chart and let go of the mouse button......it will place the arrows, TP & SL on the chart.
Okay cool. Thanks a lot!
  • #22,373
  • Jul 24, 2013 6:42pm Jul 24, 2013 6:42pm
thanks emmanuel
i am the lord that giveth thee power to create wealth.
  • #22,374
  • Jul 24, 2013 7:05pm Jul 24, 2013 7:05pm
Quoting Kendal
{quote} Okay, I've tried setting the Order mode to 1 and running it with the SL = 30, TP=100 and SL = 100, TP=30 but still can't reproduce your test results. What am I missing? {quote}
Kendal,

you will never get to reproduce the same results like mine because the data are not the same.
you can post the equity graph here for me to have a look at it.

what is important to learn while the backtesting EA is running is to obeserve the price action and the behvaiour of the TDI. You can adjust the speed of the strategy tester and use the pause button as and when you want.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,375
  • Jul 24, 2013 7:22pm Jul 24, 2013 7:22pm
EU week 30 25 Jul:

Yesterday close bearish. Is that the first sign of a reversal? Is there a candlestick pattern you can recognise?

H4 ... if you missed the last TDI cross down, it is too late to sell now. What shall you do?

H1 traders, do you want to be buyer or seller?

what is the price action?
where are the support and resistance?
Attached Image (click to enlarge)
Click to Enlarge Name: EU Week 30 3in1 25 Jul 25-7-2013 8-13-39 AM.png Size: 90 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,376
  • Jul 24, 2013 9:00pm Jul 24, 2013 9:00pm
Quoting phumes
Andyvix, This question's been asked often, but ask again, what way of backtesting do you recommend? The old fashion way, schrolling back and using the F12 key forward. Also, do you have a set of pairs you only trade, or do you have a way to determine what pairs to trade a certain week or day? Very encouraged by your post, for I've been following this thread for awhile and have decided I really want to commit to TMS as my system. Also, as Scorps said, it does help when traders post that they've been having success. And finally, thank you to the teachers,...
Phumes,

First off, just want to be clear that I am no way shape or form as good as trader as Emmanuel and phx62, they are the gurus here, so anything their saying should be taken over my "advice" any day, I am not even close to their level.

But to your question about back testing, this is what I did which worked for me.....

Okay, well look on page 1 of this thread, Big E has a chart set up which shows a ton of entries and exits, bring that baby up and have a look, some are loosing trades, but you'll get the point. (In fact, there is a pdf which I have attached for you here which has like all of Big E's posts in order and training charts, read it, re-read it and really pay attention to his entries on his charts).

My second tip is (this is tedious) go back and look at the winning trades that guys like Emmanuel have posted here in the thread, look at their entries for now, what do you see?, what don't you see? (think PA), if you disagree with their entry, post the chart and ask, I guarantee you'll get an answer from someone who knows what their talking about

Once you feel have the handle so to speak, yes, I back test using the F12 method, but do it with a purpose. I trade just like Big E regarding the time of day he posted in post #1, so I don't waste my time back testing the time of day I am not trading.

So mark on your charts with vertical lines the start and end of the session, look for your entries and go from there, to make it fun I talk out loud each candle I.E

"PA still good", "No reversal signal, keep the trade running", "TDI is tweaking or crossed back over, exit trade" my wife probably thinks I am crazy but this helped so I am not aimless clicking F12 saying "winner", "loser" blah blah.

Finally, for currency pairs, my list is this on top I have, E/U,G/U, E/J, A/U on the bottom I have USD/CHF, U/J, G/J, USD/CAD

If one of my charts is ranging badly and of no use, I'll drag a EUR/CAD or NZD/USD chart to see if there is anything cool happening, but I find I keep it mostly as described above.

Good luck dude!
Attached File(s)
File Type: pdf Trading Made Simple BigE (Eric)'s posts.pdf   1.8 MB | 9,284 downloads
  • #22,377
  • Jul 24, 2013 11:55pm Jul 24, 2013 11:55pm
Just want to say thanks to all those who participate in this thread.

I totally agree with Andyvix833

For those who ask for the latest TMS details, let me encourage you to go to the beginning and start reading.
There have been some great posts here outlining the TMS method in condensed forms.
The more I read, and re-read the method and follow the posts here, the more I learn and the better my trading has become.
Be a participant, upload your charts, winners and losers. There are great people here who are very willing to share their experience and knowledge to help each person succeed in their trading.

Be persistent, be patient. As the commercial said: "It won't happen overnight, but it will happen".

Good trading
  • #22,378
  • Jul 25, 2013 12:23am Jul 25, 2013 12:23am
1 R multipler trade. i pray this would hold. any observation and contribution?.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1 1r.png Size: 42 KB
i am the lord that giveth thee power to create wealth.
  • #22,379
  • Jul 25, 2013 1:18am Jul 25, 2013 1:18am
Quoting fx light
1 R multipler trade. i pray this would hold. any observation and contribution?. {image}
Hi fx light,

Looking at your chart, I see that you entered this trade rather late on H1.
Remember, H1 trading is more PA than TDI cross as entry.
A good PA entry would have been the second blue APB as it closed strong and above the last few candles high. In this situation, both the TDI and Stoch are in your favour. You have RN 1.3200 which you can see it was tested during the last NY session.

You know the primary trend is still UP. Yesterdays D1 candle is red, so you are trading the retracement of the D1 candle.
When you trade H1 which I consider as intraday trading, you need to know where your intraday support and resistance are. You can use the Prev D Fib retracement levels and in combination with the Round Number RN price levels.

Now you see how price pullback from 1.3215 ... do you know what is this 1.3215 level? +/- 10pips above this level and look for reversal back into the prev D1.

It is still too early to say if we have a trend reversal yet, and that may take another D to show the way. Today H1 is trade both ways.

regards,
EMMANUEL

sorry, no chart now as I am not at my usual computer.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #22,380
  • Jul 25, 2013 1:53am Jul 25, 2013 1:53am
Quoting Andyvix833
{quote} Phumes, First off, just want to be clear that I am no way shape or form as good as trader as Emmanuel and phx62, they are the gurus here, so anything their saying should be taken over my "advice" any day, I am not even close to their level. But to your question about back testing, this is what I did which worked for me..... Okay, well look on page 1 of this thread, Big E has a chart set up which shows a ton of entries and exits, bring that baby up and have a look, some are loosing trades, but you'll get the point. (In fact, there is a...

Hi folks,

Andyvix833, you are very generous calling me guru. You made two excellent posts above and I am sure that speaks about your character and that is what make you successful in trading TMS.

I am definitely not a forex guru here. Gurus write books and sell trading courses and seminars.
What make me different is perhaps I had spent more time trading in the last 6 years trading spot forex fulltime than many members in this thread. Over the past 5 years, I clocked more than 10,000 hours but not all these hours are spend just on the screen time and charts. I read and studied many topics related to trading in general, about various trading systems, system design, etc. and managing one' trading psychology. With all the knowledge and experience it become easy for me to look at any system shared here in FF and I can already tell if that system is suitable for me. I can safely say that many of the FF posted systems work but they require its own set of discipline to make it profitable.
TMS is one successful simple technical method which can be personalized into a unique trading system for any individual trader. One need to know his financial ability and the financial goals. With TMS which can be traded in all timeframes, you can determine how many trades you can make in the timeframe you trade in. You can tell how many pips move in each of the timeframe you trade in. In every timeframe, the market move in waves, swing up and swing down, different timeframe different wave highs and lows, so basically we trade the waves.
just like the great oceans, it has its own high and low tide periods. So we must know when are the high and low tides hour of the market. These are the market session which we need to study and observe everyday.

So in summary, just stick to the basic - use TDI and APB or Heiken Ashi as the core of your system. All the rest of the stuff like pivots, fibonacci, supply and demand,moving averages, etc. are just add-on information to help you read your charts.

The harder part is how to read Price Action. My recommendation is simply to use just few common candlestick / bar patterns to help you spot them in higher timeframe H4 and D, and these will be your A+++ type of setups.
The most difficult and hardest part is how you manage that beast inside you when you are trading. Your mind play the most important role in your life and as in trading. You must develop the mental fitness as a trader just an athletes need training to run long distance marathon, they train and condition their bodies and mind to endure the races. The same as traders, we must condition your minds when we are in the market. Every day is different, every trade will be different therefore we all need to be quick to adapt to the market conditions.

regards,
EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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