Trading Made Simple | Page 1670 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #33,381
  • Mar 21, 2014 8:22am Mar 21, 2014 8:22am
Quoting emmanuel7788
Hi Folks, Looks like many of you are having a good trading Friday making good pips. welldone. Looking at USDCAD in different broker with different server times, the TDI do give different condition. See charts below. Trading TMS with different brokers you will have different results. Anyone with other view and opinion? {image}
I look at New York and UTC+2 charts, and notice that often the entry is signaled much earlier on the New York charts.
War. Is my profession.
  • #33,382
  • Mar 21, 2014 8:26am Mar 21, 2014 8:26am
Quoting thinkpad123
I am getting a lot of PMs from last some days regarding cave manager settings , So i thought of sharing what works best for me here in the thread. I have tested different settings and found these best for cave manager with tms 4 hourly. Use these settings and see the results for two weeks, you will be amazed by the results. Turn off everything except the following Tp 1st batch lot percentage= 40 percent tp 2nd batch lot percentage=30 percent tp 3rd batch lot percentage= 30 percent Tp 1st batch pips= 30 Tp 2nd batch pips= 50 Tp 3rd batch pips = 100...

T123,

Thanks for the set file. I have to re-try THV CaveManager EA again.

I like your multiple exits strategy. Do you know if this EA can handle multiple entries? I did not find any parameter setting to enable this.

Thanks again.

Regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,383
  • Mar 21, 2014 8:30am Mar 21, 2014 8:30am
Quoting L0pg
{quote} I look at New York and UTC+2 charts, and notice that often the entry is signaled much earlier on the New York charts.

L0pg:

thanks for this.
I will need to find a broker with GMT+2 and add to my comparison charts.
I am working a calibrated TDI to handle these differences.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,384
  • Edited 8:45am Mar 21, 2014 8:31am | Edited 8:45am
Quoting emmanuel7788
Hi Folks, Looks like many of you are having a good trading Friday making good pips. welldone. Looking at USDCAD in different broker with different server times, the TDI do give different condition. See charts below. Trading TMS with different brokers you will have different results. Anyone with other view and opinion? {image}
Seems the 4 hour charts are more problematical (or rather more differences) but it tends to even out more on the one hour charts?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fxddgbpusdh1.png Size: 34 KB
Click to Enlarge Name: iggbpusdh1.png Size: 35 KB
  • #33,385
  • Mar 21, 2014 8:35am Mar 21, 2014 8:35am
Four Hour GBPUSD charts FXDD v IG
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fxddgbpusdh4.png Size: 34 KB
Click to Enlarge Name: igggggbpusdh4.png Size: 35 KB
  • #33,386
  • Mar 21, 2014 8:36am Mar 21, 2014 8:36am
Quoting Piprader
{quote} Thank you thinkpad123 for kindly downloading the fxtp..I Need some help can anyone advise me how I utilize the file, I have downloaded Cave Manager but am at a loss as to how to incorporate the fxtp.. please help
Attached Image (click to enlarge)
Click to Enlarge Name: Cavemanger settings.png Size: 247 KB


Regards
  • #33,387
  • Mar 21, 2014 8:38am Mar 21, 2014 8:38am
Quoting emmanuel7788
{quote} L0pg: thanks for this. I will need to find a broker with GMT+2 and add to my comparison charts. I am working a calibrated TDI to handle these differences. regards, EMMANUEL
Hi Emmanuel,
Axitrader uses GMT+2
http://www.axitrader.com
Quote
The time setting that appears on AxiTrader’s Metatrader 4 is currently GMT+2, which is also known as ‘New York Close’. This means trading begins at 00:00 server time (currently 7am AEDT), with the daily rollover occurring at the same time each day. This time cannot be changed on the platform. This is to avoid what is known as a ‘weekend candle’ which would appear on a Sunday on a daily chart with GMT based platforms.
  • #33,388
  • Mar 21, 2014 8:39am Mar 21, 2014 8:39am
Quoting emmanuel7788
{quote} Hi T123, Here I did a quickie M15 scalp entry help by the positive Canadian news. Will be back next week to see how the continuation will be as the H4 TDI is looking good. Need to confirm the D chart on Monday. {image} regards, EMMANUEL
I have entered this one too following the upward momentum and all those reason we have discussed in previous posts.
It quickly gone up and i have moved my first tp from 30 to 40 pips seeing the momentum which got a quick hit so 40 pips eaten by me and 40 percent position closed
Next tp is at 50 and final at 100.
Patience always pay off in trading
I am not random, U just can't think as fast as me....
  • #33,389
  • Mar 21, 2014 8:43am Mar 21, 2014 8:43am
Quoting hostwey
{quote} Seems the 4 hour charts are more problematical, but it tends to even out more on the one hour charts? {image} {image}
Yes, relying on H4 TDI as signal will yield different trades. But the price actionn using candlestick setup for entries will 'compensate' for the differences.

H1 is much better with very little difference. I am thinking of how to calibrate the TDI to compensate for the H4 differences. Need to put on my green thinking hat.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,390
  • Mar 21, 2014 8:45am Mar 21, 2014 8:45am
Dear All, any idea about GBP/USD?
I entered in BUYING few hours back but position has been stuck.
  • #33,391
  • Mar 21, 2014 8:46am Mar 21, 2014 8:46am
Quoting Piprader
{quote} Thank you thinkpad123 for kindly downloading the fxtp..I Need some help can anyone advise me how I utilize the file, I have downloaded Cave Manager but am at a loss as to how to incorporate the fxtp.. please help
Copy this set file in MQL4>presets folder of your mt4 data folder

Open cave manager and go to "inputs" tab
From there click on load and open this fxtp.set file which you have already copied there.
I am not random, U just can't think as fast as me....
  • #33,392
  • Mar 21, 2014 8:47am Mar 21, 2014 8:47am
Quoting OuterWest
{quote} Hi Emmanuel, Axitrader uses GMT+2 http://www.axitrader.com {quote}

OuterWest:

Thanks mate.
My bedtime soon.

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #33,393
  • Mar 21, 2014 8:47am Mar 21, 2014 8:47am
Quoting MrAussieFX
{quote} {image} Regards
Thank you AussieFX that's great you made my day .... i'm on with it.
  • #33,394
  • Mar 21, 2014 8:47am Mar 21, 2014 8:47am
Quoting emmanuel7788
{quote} Yes, relying on H4 TDI as signal will yield different trades. But the price actionn using candlestick setup for entries will 'compensate' for the differences. H1 is much better with very little difference. I am thinking of how to calibrate the TDI to compensate for the H4 differences. Need to put on my green thinking hat.

Is there a way to aggregate the data from different offsets? I.E. 4 inputs, then take the average?
War. Is my profession.
  • #33,395
  • Mar 21, 2014 8:51am Mar 21, 2014 8:51am
Quoting thinkpad123
{quote} Copy this set file in MQL4>presets folder of your mt4 data folder Open cave manager and go to "inputs" tab From there click on load and open this fxtp.set file which you have already copied there.
Thank you 123 appreciate your time and input have a good day
  • #33,396
  • Mar 21, 2014 8:52am Mar 21, 2014 8:52am
I usually dont enter friday setups but Eur/nzd setup was screaming to take it.

Attached Image (click to enlarge)
Click to Enlarge Name: en.PNG Size: 45 KB


Attached Image (click to enlarge)
Click to Enlarge Name: en2.PNG Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: en1.PNG Size: 49 KB
I am not random, U just can't think as fast as me....
  • #33,397
  • Mar 21, 2014 8:55am Mar 21, 2014 8:55am
Attached Image (click to enlarge)
Click to Enlarge Name: AJ H4.png Size: 194 KB


Might leave this trade for the weekend. Strong daily bullish.
  • #33,398
  • Mar 21, 2014 8:55am Mar 21, 2014 8:55am
USDCAD...closed
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.JPG Size: 183 KB
Sad i'm not trying to understand PA
  • #33,399
  • Mar 21, 2014 8:57am Mar 21, 2014 8:57am
Quoting L0pg
{quote} I am struggling with this as well, I just moved from UTC+6 to PST, and my winning % plummeted, partly due to lack of sleep/insane working hours, and partly due to money management. I have been chasing pips, instead of accepting what I could get. 35 pips is more than you had yesterday, and that is something. I made a HUGE mistake this morning in that GJ madness and killed a big chunk of my account off chasing pips. Like As3 said, Scared money Loses money (I'm commandeering this phrase). To help myself I am writing down my own trading plan,...
It is understanding...we all have been there...but keeping a trading journal is really helpful. It helped me to analyze what I am doing here and improve...it maybe boring but when you buy that big hard cover book and call it your trading journal try as hard as possible to record every piece of information about a trade...even when the trade is building up...keep making your record...why you want to take the trade, where you will take...and what condition that will make you to exit....keep making space for any idea you may want to write...also...in that journal start by writing your trading plan boldly where you can easily refer to it...and also your money management...it seems like lots of work but at the end of every week...Maybe Saturday or Sunday...just open your journal and go through your trades...find your mistakes and what you does best and find ways to correct the mistakes...Above all, if you are able to control your emotions...that is an added tool...e.g. I entered USD/CAD earlier today @ 1.1231...and it went back to test the opening price @ 1.1244...but I was able to control the only one thing that weaken majority of us....our emotion...even when the Cad news is coming out...I keep holding the trade but was thinking how to adjust to current market condition...because when I entered it 4 hrs ago...and when the news came out...they are two different scenario...So, factor in always...where you wanna set your stop loss and the trade you want to take...if it is too wide and exposed you to more risk...look for another trade...or reduce the size...So...control your emotion and you will control your trade positively...with good strategy...which I believe this TMS can give you.
  • #33,400
  • Mar 21, 2014 9:00am Mar 21, 2014 9:00am
Quoting emmanuel7788
{quote} T123, Thanks for the set file. I have to re-try THV CaveManager EA again. I like your multiple exits strategy. Do you know if this EA can handle multiple entries? I did not find any parameter setting to enable this. Thanks again. Regards, EMMANUEL
Thanks for checking it and do let me know your feedback after sometime as it will be precious for us ,
No this EA cannot handle multiple entries. Actually i am struggling too with multiple entries strategy using TMS.
I have asked you previously about this but maybe you have not seen it as this thread is moving too fast.
If you get a time, do check post num 32696
I am not random, U just can't think as fast as me....
74 traders viewing now