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Trading Made Simple

  • #26,781
  • Oct 23, 2013 1:13am Oct 23, 2013 1:13am
Trekker,

How has your backtesting been going?

Tell us as much as possible...we would love to know your results.

Thanks

sj
  • #26,782
  • Oct 23, 2013 1:52am Oct 23, 2013 1:52am
Quoting Trekker
{quote} Thanks for the welcome Snarlyjack. Great to be here. Just thought I'd mention, in case anyone wasn't aware that Forex Tester 2 has the TDI indicator, so if you have this software you can back test TMS all you want! This is how I've been spending some of my weekends lately, sad I know, but has to be done! :nerd:
hey trekker

welcome .. would you be able to share what you are using to backtest and how you set it up? would be good for everyone here too
  • #26,783
  • Oct 23, 2013 2:27am Oct 23, 2013 2:27am
Quoting ryanlum
{quote} hey trekker welcome .. would you be able to share what you are using to backtest and how you set it up? would be good for everyone here too

Hi Ryanlum

Not sure if I'm allowed to supply the link here as its a commercial product (a google search will bring it up though and give you info on how it is set up), but well worth the investment in my opinion as you can gain months of experience over just one weekend! Unlike the MT4 simulators, you can have multiple screens/time frames open at the same time and therefore you can accurately recreate your normal trading environment.

At the moment I'm really using it to get experience and a feel for using the TDI and trading TMS style.
  • #26,784
  • Oct 23, 2013 2:31am Oct 23, 2013 2:31am
Took this trade early morning , PA reached double top on H4, extension of 161.8 , looking at daily, there was a drop from this zone back in 1-10-2013

Entered the trade on the break of IB bar on the 4H, exit the trade with +30 pips
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I Have Learned to Take Some Losses to Make Profits
  • #26,785
  • Oct 23, 2013 2:48am Oct 23, 2013 2:48am
TheScorpS,

I like it ...good job!

sj
  • #26,786
  • Oct 23, 2013 2:52am Oct 23, 2013 2:52am
Just to share some of my thoughts, I look at the first three hours of London for a hi or low of the day. Green is over red and yellow so I am looking for short trades, so I am looking for high of the day!

LO I saw the pair pop up to make a high possibly London fakey candle.

I went short a bit aggressive but stops are tight at 14 pips!

I try trade small risk, big reward.
Attached Image (click to enlarge)
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Give yourself a chance and trade it like it's layed out...
  • #26,787
  • Oct 23, 2013 3:02am Oct 23, 2013 3:02am
Quoting snarlyjack
TheScorpS, I like it ...good job! sj
Thanks Sir, appreciate all that you are doing in helping us learning

Bizzzle, I really am impressed on your last trade and how you manage that, top notch
I Have Learned to Take Some Losses to Make Profits
  • #26,788
  • Oct 23, 2013 3:03am Oct 23, 2013 3:03am
Quoting Bizzzle
Just to share some of my thoughts, I look at the first three hours of London for a hi or low of the day. Green is over red and yellow so I am looking for short trades, so I am looking for high of the day! LO I saw the pair pop up to make a high possibly London fakey candle. I went short a bit aggressive but stops are tight at 14 pips! I try trade small risk, big reward. {image}
Stops now at breakeven!
Give yourself a chance and trade it like it's layed out...
  • #26,789
  • Oct 23, 2013 3:05am Oct 23, 2013 3:05am
Quoting TheScorpS
{quote} Thanks Sir, appreciate all that you are doing in helping us learning Bizzzle, I really am impressed on your last trade and how you manage that, top notch
Thanks mate just wanted to give people my thoughts and what I look for.
Give yourself a chance and trade it like it's layed out...
  • #26,790
  • Oct 23, 2013 3:19am Oct 23, 2013 3:19am
Second attempt on my AU plan....

Attached Image (click to enlarge)
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  • #26,791
  • Oct 23, 2013 4:06am Oct 23, 2013 4:06am
Quoting adamjhdavis
Second attempt on my AU plan.... {image}
I am in the same trade on my 4hr, also short GJ and AJ!

All stops at Breakeven
Attached Image (click to enlarge)
Click to Enlarge Name: 4hour 23th.png Size: 77 KB
Give yourself a chance and trade it like it's layed out...
  • #26,792
  • Oct 23, 2013 4:10am Oct 23, 2013 4:10am
Woke up this morning at 7 CET to check the hourly charts and saw the big movement during the Asian session.. don't you feel just bad when you miss something like that? I should definitely put some alerts on price breakout movement, could've become a demo millionaire last night

Still, I made a short on GBP/USD at 7 am, it was still running at 8am, at 9-ish the TDI and Stoch went flat and I exited for about +60 pips (not too shabby at all). However, now at 11am it kept going for an extra 20 pips - maybe I should put a tight TS rather than exit? I love this method but for exits it often cuts you short (well, based on 1 and a half weeks experience with it)
  • #26,793
  • Oct 23, 2013 4:33am Oct 23, 2013 4:33am
Quoting Trekker
{quote} Hi Ryanlum Not sure if I'm allowed to supply the link here as its a commercial product (a google search will bring it up though and give you info on how it is set up), but well worth the investment in my opinion as you can gain months of experience over just one weekend! Unlike the MT4 simulators, you can have multiple screens/time frames open at the same time and therefore you can accurately recreate your normal trading environment. At the moment I'm really using it to get experience and a feel for using the TDI and trading TMS style.
darn.. i thought it was free..
  • #26,794
  • Oct 23, 2013 4:41am Oct 23, 2013 4:41am
this is my 2nd post here i went short on the cross of the tdi and when i saw the candle turn red.am still in the trade
pls comment thanks in advance
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  • #26,795
  • Oct 23, 2013 5:00am Oct 23, 2013 5:00am
Quoting gulayetty
this is my 2nd post here i went short on the cross of the tdi and when i saw the candle turn red.am still in the trade pls comment thanks in advance
Hi gulayetty, I saw that one too, the red candle body was 12 pips long before it pulled back, my bet is because of the 1.4200 line (00 and 50 are solid S/R). It may go back down stronger though, the crossing of that line would be a decent entry IMO.

Edit - I entered on that one too, as well as USD/CAD but if it was a real account I'd probably be more conservative.
  • #26,796
  • Oct 23, 2013 5:03am Oct 23, 2013 5:03am
Quoting gulayetty
this is my 2nd post here i went short on the cross of the tdi and when i saw the candle turn red.am still in the trade pls comment thanks in advance {image}

Hi Gulayetty,

Not a pair I trade but this is my view....

Could be good for a few pips but if it was me I'd get to BE asap and not be to greedy, buts that's me.

http://charts.mql5.com/2/837/eurcad-...trader-ltd.png
  • #26,797
  • Oct 23, 2013 5:39am Oct 23, 2013 5:39am
thanks Lane and adamjvdavis i appreciate i have moved my sl to be thank for the advice
i also see a small 1hr SR @1.4170-1.4177 will wait if price will push throug it if not will bail out at be
  • #26,798
  • Oct 23, 2013 6:26am Oct 23, 2013 6:26am
Quoting Lane
I love this method but for exits it often cuts you short (well, based on 1 and a half weeks experience with it)
I'm still reading the whole topic, but this is what I love about trading forex - you can look at any part of a chart and think "If only I had entered here...". Patience and control your greed - good feeling when you beat that monster into submission
  • #26,799
  • Oct 23, 2013 6:56am Oct 23, 2013 6:56am
Quoting timginter
{quote} I'm still reading the whole topic, but this is what I love about trading forex - you can look at any part of a chart and think "If only I had entered here...". Patience and control your greed - good feeling when you beat that monster into submission
Haha I absolutely agree, was thinking the same thing while I was writing that. Still, you gotta admit - the exits are often too early, but I guess I should just continue to learn to monitor PA, S/R, fundamentals etc to get the better and bigger picture
  • #26,800
  • Oct 23, 2013 7:02am Oct 23, 2013 7:02am
long this usdjpy any comment on this
see tdi green cross red
SR below at 97.11-97.23
candle is blue
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