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Trading Made Simple

  • #35,501
  • Apr 11, 2014 12:45am Apr 11, 2014 12:45am
Quoting emmanuel7788
{quote} what is your EXIT STRATEGY? please don't tell me clsoing all trades at 2pm London time is your exit strategy...
Ummm -- how about 3pm?

What do you suggest? Close above/ below 5 ema?
  • #35,502
  • Apr 11, 2014 12:46am Apr 11, 2014 12:46am
Quoting emmanuel7788
{quote} if you want to open trades at Lomdon time ... 6am, 10am and close them all at 2pm, that's cool and quite easy. This EA can do that. It is a monster EA using Steve Hopwood MPTM trade manager. You need to learn all its features and then you must spend time to tame this monster. But you have to decide on the EXIT STRATEGY. what is your EXIT STRATEGY? please don't tell me clsoing all trades at 2pm London time is your exit strategy...
Which time period have you found best at this stage?
  • #35,503
  • Apr 11, 2014 12:50am Apr 11, 2014 12:50am
Quoting gurenu
{quote} Hi emmanuel, I will wait for you video. Can I use an MA to confirm the bias? if so, what is the correct setting of MA? Regards, Gurenu

Hi gurenu,

Sorry to keep you waiting. I was busy the whole of yesterday learning to do video recording using Camtasia. Kind of fun learning it and made a few trial video.
Having some problem with soud quality and will need to do some voice maekover and re-record those videos. Will need more time to practice doing this as I see video is much better than just posting charts.

I think I will write down some thing on Big Picture Planning and how to look at charts and determine the bias for trading. Will post the pdf when I get that done this weekend.

Be patient.

regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,504
  • Apr 11, 2014 12:53am Apr 11, 2014 12:53am
Quoting emmanuel7788
{quote} Some good things comes free... Download from that link in my post. EA and pdf, etc. Tested the various conditions and they work well and with specific time period to trade, so you can specify the UK hours you want that EA to take the trades according to manay slecetable chart and indciator conditions. this my be the solution for those who do not have time to look at H1 and H4 charts during their working hours. But you need a PC ruiing 24 hours with this EA load and fired up. I use a VPS.
Hi

Emmanuel i found only EA ont PDF, is there any PDF please can you upload the PDF or link to download

Thanks
  • #35,505
  • Apr 11, 2014 12:55am Apr 11, 2014 12:55am
Quoting GilR
{quote} So V19 is the latest? Also what is Experts Tool Box? Can you give me link to pdf for v19? Thanks
I think it went upto V22 before he changed its name. Cant recall what it ended up being called but when I remember I will let you know.
  • #35,506
  • Apr 11, 2014 12:58am Apr 11, 2014 12:58am
Quoting GilR
{quote} Which time period have you found best at this stage?

the best time to open new trades is from GMT0500 i.e. Tokyo market after their lunch time.
London session statistically is the most liquid of the three main sessions - mainly Asia (Tokyo) , Eurpean (London) and the US. But recently we see more money flow into the Asian market. Hence TOK_5H breakout is a method I use for intraday trading on H1.

If you want to open trades al London 6am and 10am, you must look at the higher TF bias of all pairs which are correlated. This will put you in safer trade setups and not blindly open trades using TDI condition. The EXIT STRATGY is very important when you want to trade Eric' style as in post#1. He has been in this market for quite long time, he knows but he did not write much about other things. That does not means when is silent we cannot consider and do.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,507
  • Apr 11, 2014 12:59am Apr 11, 2014 12:59am
Quoting Next4467
{quote} I think it went upto V22 before he changed its name. Cant recall what it ended up being called but when I remember I will let you know.
thanks
  • #35,508
  • Apr 11, 2014 1:01am Apr 11, 2014 1:01am
Quoting mkfx
{quote} Hi Emmanuel i found only EA ont PDF, is there any PDF please can you upload the PDF or link to download Thanks

the pdf description in in V16 which I last used. Then came V19.

Please let's ask questions in that thread otherwise we flood this TMS thread with this EA stuff.
http://www.forexfactory.com/showthread.php?t=292301
If you all do not mind me saying this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,509
  • Apr 11, 2014 1:02am Apr 11, 2014 1:02am
Quoting emmanuel7788
{quote} the best time to open new trades is from GMT0500 i.e. Tokyo market after their lunch time. London session statistically is the most liquid of the three main sessions - mainly Asia (Tokyo) , Eurpean (London) and the US. But recently we see more money flow into the Asian market. Hence TOK_5H breakout is a method I use for intraday trading on H1. If you want to open trades al London 6am and 10am, you must look at the higher TF bias of all pairs which are correlated. This will put you in safer trade setups and not blindly open trades using TDI...
Ok - I suppose the monster MPTM could be used to exit?

I do like the idea of correlations and so avoid trading 2 correlated pairs for potential double loss!
  • #35,510
  • Edited 1:13am Apr 11, 2014 1:02am | Edited 1:13am
Quoting GilR
{quote} Ummm -- how about 3pm? What do you suggest? Close above/ below 5 ema?

these are not what an EXIT STRATEGY is about.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,511
  • Apr 11, 2014 1:04am Apr 11, 2014 1:04am
EJ is going for a home run --- go you good thing!!
  • #35,512
  • Apr 11, 2014 1:09am Apr 11, 2014 1:09am
Did Big E check the correlations on a daily basis? Anybody know?
  • #35,513
  • Apr 11, 2014 1:13am Apr 11, 2014 1:13am
Quoting emmanuel7788
{quote} these are not what an EXIT STRATEGY is about.
Hi Emmanuel,

That is so strange I was surfing around FF last night and came across that EA and was thinking..... could this work?

I was thinking of of demoing it to do something different as we discussed.

I have never used an EA before would you be so kind when you get a min of showing me a screen shot of how to install it?

My build is 509 version 4.0 Alpari

Many thanks in advance

Adam
  • #35,514
  • Apr 11, 2014 1:16am Apr 11, 2014 1:16am
Quoting adamjhdavis
{quote} Hi Emmanuel, That is so strange I was surfing around FF last night and came across that EA and was thinking..... could this work? I was thinking of of demoing it to do something different as we discussed. I have never used an EA before would you be so kind when you get a min of showing me a screen shot of how to install it? My build is 509 version 4.0 Alpari Many thanks in advance Adam

ok, I will post a video on how to run EA in that thread later.

No more posting stuff here now that we know where the MPTM thread is in Commercial Section.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,515
  • Apr 11, 2014 1:26am Apr 11, 2014 1:26am
Quoting GilR
Somebody a while back put this list together to summerise Big E trading rules {image} On one of Big E posts he made this comment (my emphesis) Keep it simple... When green crosses red... enter at the beginning of that candle. Make sure it's candle #1 or 2... otherwise pass and find another trade unless it's a bounce trade. Always look left to make sure your not trading into a close supp/res level. You know the exit rule from the previous post... hope you trade the 4hr chart and make gobbs of pips... Big E Have you read the thread completely? For...
THanks!!!! this is so good and so helpful.
  • #35,516
  • Apr 11, 2014 1:31am Apr 11, 2014 1:31am
Exit EJ as I did not want to go from +35 to under 20. Not really happy how I traded this one. Should have got nearer 30 and had several opportunities.

So +23

Attached Image (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 318 KB
  • #35,517
  • Apr 11, 2014 1:34am Apr 11, 2014 1:34am
Quoting emmanuel7788
{quote} ok, I will post a video on how to run EA in that thread later. No more posting stuff here now that we know where the MPTM thread is in Commercial Section.
Thanks for sharing may the Forex gods give you double pips today
  • #35,518
  • Apr 11, 2014 1:40am Apr 11, 2014 1:40am
Another example when we miss entry on TDI cross and APB#1 and APB#2, the EA wil open a late entry on APB#4 using the TDI angle and move the SL to BE as quickly as possible to protect capital.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD H4 TMS_V19 late entry.png Size: 32 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #35,519
  • Apr 11, 2014 1:44am Apr 11, 2014 1:44am
Quoting emmanuel7788
Another example when we miss entry on TDI cross and APB#1 and APB#2, the EA wil open a late entry on APB#4 using the TDI angle and move the SL to BE as quickly as possible to protect capital. {image}
So it will also enter during a live 4 hr bar?
  • #35,520
  • Apr 11, 2014 1:44am Apr 11, 2014 1:44am
Quoting GilR
{quote} Thanks for sharing may the Forex gods give you double pips today

already got my 10% profit cycle in 4 trading days this week, so today I relax and sit back. Today only demo and testing this EA various conditions.
thanks mate!

take some time for a few schooners of Weizen and bratwurst.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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