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Trading Made Simple

  • #56,481
  • May 4, 2015 5:56pm May 4, 2015 5:56pm
Quoting Ballistical
{quote} Thanks Emmanuel! I've noticed you seemed to be a lot more focussed on LTF at the moment. I see you also got a good entry on M15. Good job Whats TP3? +100? I had a play with some numbers yesterday for multiple lot entries. I think your 25/50/100 system is a nice setup for intra-day trading. I trialled a few systems: System 1: SL1=25 pips, TP1=50 pips SL2=25 pips, TP2=100 pips System 2: SL1=25 pips, TP1=50 pips SL2=25 pips, TP2=100 pips SL3=25 pips, TP3=150 pips All open positions moved to BE after price moves to +50. Whilst system 2 worked...
Hi Ballistical,

I trade H1 intraday often during the week but my my main trading income is from H4 swing /D position trading. Recently a few people asked me about M15/H1 trading so I post these as I trade.

I think a SL of 25pips is too tight for EURAUD pair. The hourly volatility is between 30 and 50pips during the London session.

If you use a SL of 50pips for all positions that will by your Risk 'R'. The daily volatility is above 100 pips, so when we get a good reversal entry, this 100 pips is easily reached.

You can consider your exit percentage of the trades.

TP1 to exit 50% at +25pips that will give you 1R (2 x 0.5R)
TP2 to exit 25% at +50pips that will give your 1R.
TP3 to exit 25% at +100pips that will give you 2R.

The win rate for TP1 is very high above 85% and this is very important to use multi-lot entry.

Exit management:
- you can consider reducing risk for TP2 by moving its SL to -25pips(0.5R) after TP1 exit.
- also TP3 can be reduce the same way or you move only when market move 50pips (1R).

You can use this same money management and exit strategy for higher TF trading.

regards,

Note: we have AUD rate annoucement today, a crucial one... if RBA reduces rate now.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,482
  • May 4, 2015 11:52pm May 4, 2015 11:52pm
Quoting raikon
Hi, I have setup CM as per attached. However when price move in my favour for 10 pips, it doesn't move the SL to NoLossBuffer +2, Is that something that i setup wrongly? Thanks! {image}
Hi,
As well as the points Emmanuel posted, CM does not move the SL line on the chart when CP becomes active but the status will change to show 'active' and the trade will be close if CP is hit. It only moves the SL line if you are using one of the trailing stop methods.
cheers
Never argue with a fool; onlookers may not be able to tell the difference.
  • #56,483
  • May 5, 2015 1:52am May 5, 2015 1:52am
EURCAD 5May M15 trade

After the big move during Tokyo session, it is difficult to find a good trade in EURAUD and GBPAUD.
EURCAD looks better after yesterday bearish move to look for a continuation trade using the Day bias.
I used the M15 setup which I learned from LE1. Same order entry using the script to place 3 multi-lot entries with different TPs.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 19 5May M15 entry.png Size: 61 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,484
  • May 5, 2015 2:02am May 5, 2015 2:02am
Breakeven trade today on LO. Missed FO which broke Asian and master candle lows. Manually moved stop to BE after it moved 20 pip in favor but fail to reach TP1 of 25 pips

Does anyone has a beginner guide on Cave Manager (i.e how to apply it to charts) I'm quite new to EAs and have no experience using them would like to use the TP1 @25/TP2 @50/TP3 @100 settings and also BE stop after 15-20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 49 KB
  • #56,485
  • May 5, 2015 2:50am May 5, 2015 2:50am
Quoting arize
Breakeven trade today on LO. Missed FO which broke Asian and master candle lows. Manually moved stop to BE after it moved 20 pip in favor but fail to reach TP1 of 25 pips Does anyone has a beginner guide on Cave Manager (i.e how to apply it to charts) I'm quite new to EAs and have no experience using them would like to use the TP1 @25/TP2 @50/TP3 @100 settings and also BE stop after 15-20 pips {image}
Hi arize, check these attached PDF''s>>> All credit to Emmanuel7788 who kindy went out his way to produce. Read these as they will hopefully answer your questions. Definitely helped me. Enjoy.
Attached File(s)
File Type: pdf CaveManager setting for hsn.pdf   506 KB | 516 downloads
File Type: pdf CaveManager settings example.pdf   457 KB | 855 downloads
File Type: pdf THV CaveManager EA v1.41.pdf   103 KB | 482 downloads
  • #56,486
  • May 5, 2015 2:51am May 5, 2015 2:51am
Quoting emmanuel7788
{quote} Hi Ballistical, I trade H1 intraday often during the week but my my main trading income is from H4 swing /D position trading. Recently a few people asked me about M15/H1 trading so I post these as I trade. I think a SL of 25pips is too tight for EURAUD pair. The hourly volatility is between 30 and 50pips during the London session. If you use a SL of 50pips for all positions that will by your Risk 'R'. The daily volatility is above 100 pips, so when we get a good reversal entry, this 100 pips is easily reached. You can consider your exit...
Hi Emman,
thanks for your post and info as usual. So from your above advice we should make the first target twice the normal pip value than what we would have used for targets 2 and 3? Makes a lot of sense. I had been using the same pip value for all three targets when mm/me.
  • #56,487
  • Edited 3:44am May 5, 2015 3:06am | Edited 3:44am
Quoting rtradern
{quote} Hi arize, check these attached PDF''s>>> All credit to Emmanuel7788 who kindy went out his way to produce. Read these as they will hopefully answer your questions. Definitely helped me. Enjoy. {image} {image} {image}
Thanks will go through them

Just to clarify CM only works on one trade order and we must not manually set any TP? Just SL only
  • #56,488
  • May 5, 2015 3:08am May 5, 2015 3:08am
Low volatility today on EA GA during London, market moved 200+ pips during Asian due to AUD news, and as many times before, when a big move is seen during Asian, London will usually consolidate.
Best regards, Zef
  • #56,489
  • May 5, 2015 4:12am May 5, 2015 4:12am
Quoting emmanuel7788
EURCAD 5May M15 trade After the big move during Tokyo session, it is difficult to find a good trade in EURAUD and GBPAUD. EURCAD looks better after yesterday bearish move to look for a continuation trade using the Day bias. I used the M15 setup which I learned from LE1. Same order entry using the script to place 3 multi-lot entries with different TPs. {image}
Slow moving London session. I close the remaining position.
There are a few high impact data release later during the NY session.
So priority is to preserve trading capital.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD week 19 5May M15 trades closed.png Size: 58 KB



Trade Safe.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #56,490
  • May 5, 2015 4:23am May 5, 2015 4:23am
Quoting emmanuel7788
{quote} Slow moving London session. I close the remaining position. There are a few high impact data release later during the NY session. So priority is to preserve trading capital. {image} Trade Safe.
Well managed trade Emmanuel.

"Trade Safe" is right. I am watching from the sidelines today
Focus on the process and the profits will follow
  • #56,491
  • May 5, 2015 5:11am May 5, 2015 5:11am
Quoting arize
{quote} Thanks will go through them Just to clarify CM only works on one trade order and we must not manually set any TP? Just SL only
Hi arize, correct CM will only manage one active trade but you can get CM to manage the trade in 3 portions, for which you can set individual SL and TP so in your case TP1, TP2, TP3. The PDF's will explain.
  • #56,492
  • May 5, 2015 5:18am May 5, 2015 5:18am
Emmanuel & others,

I received your e-mail...I'm doing good! (Thank you)

My ex-wife died & my son moved in with me so my situation has changed.

Here is what I'm doing. I use the Synergy Pro system (in the paperclip).
I'm using 2 different set-ups. (1) In the Asia session on the last 4 hour candle
before the L/O I'm placing trades on the 4 hour & daily chart. I let these trades
run while I'm sleeping through the London session, I liquidate out in my morning
N/Y session. Just like Eelfranz taught us. (2) Then I start trading the N/Y session
on the 1 hour chart for a few hours. Just like Eelfranz taught us!

I've been averaging about 200 pips a day, $1.00 per pip. The secret is the Synergy Pro
System (in paperclip). If you check back at all my posts from last year you will find
lot's of examples of my charts. Synergy Pro system is very profitable with very few losses.
Use the Tdi, Pac, Apb's, volatility indicator & the Synergy Pro trade alert!!! Once you get used to the
system...go for it...you will like it!

Thank you everyone for all your help over the years! This system is the bomb! Emmanuel is a
great teacher. The other secret is "never give up"... "keep on trucking to the next trade"!
I've been able to set myself free financially using Tms & Synergy Pro. But in my case I
need to raise my son! Life moves on...Eelfranz gave us the key's to the world! He was a
great man! This site is dedicated to Eelfranz! Go back & read all my post's from last year, all
the secrets have been revealed. Good luck to you...you can do it...I did & I'm just a average Joe!

Thank you everyone for all your help over the years!
Yours truly snarlyjack from Montana/USA.
  • #56,493
  • May 5, 2015 5:42am May 5, 2015 5:42am
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH4.png Size: 42 KB
  • #56,494
  • May 5, 2015 6:01am May 5, 2015 6:01am
Big Emm where we can get the old post of snarlyjack2 , please ?
  • #56,495
  • May 5, 2015 6:10am May 5, 2015 6:10am
Quoting jeank
Big Emm where we can get the old post of snarlyjack2 , please ?
http://www.forexfactory.com/snarlyjack
Best regards, Zef
  • #56,496
  • May 5, 2015 6:11am May 5, 2015 6:11am
Hi Big Emm! i'm on GU trade with CM setting as u described. Your's analysis/recommendations/corrections needed!

Regards,

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 55 KB
Winners Never Quit, Quitters Never Win
  • #56,497
  • May 5, 2015 6:32am May 5, 2015 6:32am
Quoting snarlyjack2
Emmanuel & others, I received your e-mail...I'm doing good! (Thank you) My ex-wife died & my son moved in with me so my situation has changed. Here is what I'm doing. I use the Synergy Pro system (in the paperclip). I'm using 2 different set-ups. (1) In the Asia session on the last 4 hour candle before the L/O I'm placing trades on the 4 hour & daily chart. I let these trades run while I'm sleeping through the London session, I liquidate out in my morning N/Y session. Just like Eelfranz taught us. (2) Then I start trading the N/Y session on the...
Nice to hear from you again SJ
There's a lot of people here who should be thanking you for you knowledge, time and patience over the years
Don't forget to come back and visit
Never argue with a fool; onlookers may not be able to tell the difference.
  • #56,498
  • May 5, 2015 7:12am May 5, 2015 7:12am
Cave Manager isn't working for me, I tried to place a trade in Demo but nothing happened, smiley didnt turn green or text appearing

Do I need to turn it 'on' elsewhere?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 41 KB
Attached Image
  • #56,499
  • May 5, 2015 7:15am May 5, 2015 7:15am
Quoting arize
Cave Manager isn't working for me, I tried to place a trade in Demo but nothing happened, smiley didnt turn green or text appearing Do I need to turn it 'on' elsewhere? {image}
Click Auto Trading on the tool bar at the top and smiley should smile and you are good to go
Never argue with a fool; onlookers may not be able to tell the difference.
  • #56,500
  • May 5, 2015 7:23am May 5, 2015 7:23am
Quoting Lookleft
{quote} Click Auto Trading on the tool bar at the top and smiley should smile and you are good to go
Lol thanks that's what I was missing feel noobish now
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