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Trading Made Simple

  • #59,381
  • Aug 1, 2015 7:04am Aug 1, 2015 7:04am
Quoting tiestobob
Hey Emanuel thanks for that explaination Do you have the mq4 files for these Synergy_APB_Pro Synergy_TDI_Pro I only have ex4 id like to see its code
Hi,

Sorry i don't have the mq4 files.
These are proprietary indicators owned by CompassFx.
But you can use the TDI-RT version posted in this thread and change the RSI settings to work exactly like the Synergy_Pro_TDI.
see this post:
http://www.forexfactory.com/showthre...90#post8408490

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,382
  • Aug 1, 2015 7:15am Aug 1, 2015 7:15am
Guys, This is the 1st time this happened to me ... Or should I say, this is the 1st time ever I noticed this kinda stuff ...
Last night, after NEWS dust settled, I shorted AU with a target / TP @ .7290 ...
Please observe the blocked candle, with LOW of .7289 ...
Why my target was not hit? Any ideas guys? ...
Attached Image(s) (click to enlarge)
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  • #59,383
  • Aug 1, 2015 7:19am Aug 1, 2015 7:19am
Hi everybody,

Friday trade, GBPAUD +60 x2, total 120 pips. First TP was on 2.15000 level but when I was monitoring the trade I saw a pinbar in the M15 TF that I didn't like so I decided to exit. Minutes later I saw that it was only a retracement to the weekly R1...
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Click to Enlarge Name: Captura de pantalla 2015-07-31 a las 19.14.44.png Size: 69 KB
Click to Enlarge Name: Captura de pantalla 2015-08-01 a las 14.16.55.png Size: 48 KB
  • #59,384
  • Aug 1, 2015 8:41am Aug 1, 2015 8:41am
Quoting adikashyap
Guys, This is the 1st time this happened to me ... Or should I say, this is the 1st time ever I noticed this kinda stuff ... Last night, after NEWS dust settled, I shorted AU with a target / TP @ .7290 ... Please observe the blocked candle, with LOW of .7289 ... Why my target was not hit? Any ideas guys? ... {image} {image}
your chart is on bid candles .You need to look at "ask" candles..I believe your target was not met if the spread is 1.5 pips or more
the cautious seldom err....C
  • #59,385
  • Aug 1, 2015 9:24am Aug 1, 2015 9:24am
Quoting adikashyap
Guys, This is the 1st time this happened to me ... Or should I say, this is the 1st time ever I noticed this kinda stuff ... Last night, after NEWS dust settled, I shorted AU with a target / TP @ .7290 ... Please observe the blocked candle, with LOW of .7289 ... Why my target was not hit? Any ideas guys? ... {image} {image}
adikashyap;

Some brokers operate mark up at price !
for example Windsor have 0.0004 mark up for 4 digit prices and 0.004 for 3 digit prices and so on in sell trades.

Think that it was due to mark up affect ! or mabye it was due to deference between ask and bid .
If so, your tp would be hit at 0.7286
It's better to call your broker.

Regards
  • #59,386
  • Aug 1, 2015 11:06am Aug 1, 2015 11:06am
Quoting emmanuel7788
{quote} Hello Heispark, Where have you been to? have not seen you here for quite long time. I have different trade recovery processes which depends on the market type of the trade basket. When my trade basket is in the sideways wide range market type, there are times when the basket get stalled for many hours and when there is sign of reversal within that wide range, I would cut the losses (Plan A fail) and may consider opening a reverse basket (Plan B). In the trending market type, there will be time when the retracement goes deeper during the...
Thank you Emmanuel for sharing invaluable tips always! It really helps. I was just busy.. I became a full time trader (involuntarily) and spent some more time wandering other threads () in a hope i can improve my skill.... During London session I trade and whenever i find time i reread your old postings. Small profit though i am in black montly basis. No complain...
Regarding Naningbob's recovery method, it sounds like a martingale. Somewhat scary. Is there any other method using hedge instead?
Thanks.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #59,387
  • Aug 1, 2015 8:38pm Aug 1, 2015 8:38pm
Thanks Guys for your answers / suggestions ... I was thinking on the same lines ...
But, why my 200 points (20 pips) Trailing Stop Loss was not activated even after the market moved 41 pips in my favor ... same AU pair?
Same is true with my GA trade ... TSL is 400 points (40 pips) ... Market moved 65 pips in my favor ... TSL not activated ... Now the trade is exactly 40+ ...
  • #59,388
  • Aug 1, 2015 9:19pm Aug 1, 2015 9:19pm
Quoting adikashyap
Thanks Guys for your answers / suggestions ... I was thinking on the same lines ... But, why my 200 points (20 pips) Trailing Stop Loss was not activated even after the market moved 41 pips in my favor ... same AU pair? Same is true with my GA trade ... TSL is 400 points (40 pips) ... Market moved 65 pips in my favor ... TSL not activated ... Now the trade is exactly 40+ ...
If price spikes up and then everyone has a trailing stop to get profits quick... and it's just near market close/weekend... guess who is gonna be buying? The market maker algo... If the algo sees price is x due to some spike and thinks it's really worth less than x... this result in quick drop and they might not fill you.

But this is not a hard rule. Suppose it was monday and smart money was watching this... Maybe smart money thought.. look - everyone is selling this spike. Lets buy and then sell higher to those poor fools who just sold! (and then of course it will go down hard once poor fools thought it was now really going high for good bought into the up trend...)
  • #59,389
  • Aug 1, 2015 11:41pm Aug 1, 2015 11:41pm
Quoting fxjesus
{quote} If price spikes up and then everyone ..........it will go down hard once poor fools thought it was now really going high for good bought into the up trend...)
Hi fxjesus! Your post is very logical. How can we as traders save ourselves from those whipsaws, trading HTF may be?
Winners Never Quit, Quitters Never Win
  • #59,390
  • Aug 2, 2015 2:13am Aug 2, 2015 2:13am
Quoting heispark
{quote} Thank you Emmanuel for sharing invaluable tips always! It really helps. I was just busy.. I became a full time trader (involuntarily) and spent some more time wandering other threads () in a hope i can improve my skill.... During London session I trade and whenever i find time i reread your old postings. Small profit though i am in black montly basis. No complain... Regarding Naningbob's recovery method, it sounds like a martingale. Somewhat scary. Is there any other method using hedge instead? Thanks.
Hi,

Yes, Martingale is doubling the previous lots size, 1,2,4,8,16,32,64….
It is a gambling strategy and I do not use that in forex trading. It can destroy a trading account much quicker than one can think of.
Some very inexperienced traders see averaging down as Martingale without any knowledge what Martingale and anti-Martingale actually are.
Averaging down has both pros and cons and only knowledgeable and experienced traders know when and how to use this.
There are other ways to determine the average down trade lots size other than Martingale.
There is also a Fibonacci way using 1,,2,3,5,8,13,21,34,55,…
Or a simple Linear way using 1,2,3,4,5,6,7,8,9,…
Or a Fractional way using a multiplier (1.2x for example) , 1, 1.2, 1.4, 1.7, 2.1, 2,4, 2.9, ..
You can consider to use this fractional way instead of doing positions sizing for the additional levels in a basket.
Nanningbob’s recovery method uses a linear way in increasing the subsequent position size in a linear way which works when it is done correctly according to his 4H trading system. It usually did not require more than 4 open average down positions.
In my ME/ME trading , I limit my position building using only 1% risk and dividing that into 5 trades of 0.2% each as one basket. There is a technical stop loss for every trade basket and using the same technical stop loss I do the position sizing from each trade entry to the SL. You know that as the price retraces after the initial entry trade level, every subsequent trade level will be closer to the technical SL hence the positions size will be larger than the previous trade level. The increase in the subsequent position size is a fractional increase of the previous and initial position. In all cases a basket consist of total of 5 open trade levels and a total 1% risk. This is a manageable and controlled money management strategy which has work for me for many years when trading the 4H swing and position trading.
I have mentioned this before several times in this thread. We trade the higher timeframe charts with Multiple Entries / Multiple Exits using small positions. It is a combination using position building when there is retracement to get a better average entry price and to add more positions when my trades run into profits.
It is knowing the market type which is very important – whether the market is trending or sideways ranging. Trending market is easy to manage with ME/ME trades. But it is when the market is sideways, we need to identify whether the range is narrow or wide range. We learn to avoid narrow range market type.
We identify historical support and resistance on higher TF Monthly and Weekly and use these levels to plan our trades. Knowing the market swings on the H4 chart TF – swing highs and swing lows is important part of how we trade. It has nothing to do with using lower TF for smaller stop loss, etc. We play with average price of all open trades hence in a basket and also the technical cut loss of all open trades when things goes against our trade plan. There will be times when after we have maximum 5 open positions in a basket, the market starts range again and we can then look at the price action and exit some position to take some profits while keeping some position in floating loss. We may at times have to close the earlier trade levels by breaking even the first 1 to 3 levels when there is opportunity to and even take small losses but letting the later 4th and 5th levels be the profitable ones to run. We will by then know if the trend will continue and when it does, we begin to scale-in with more trades.

I don't use Hegding as a recovery method but I know a few of my buddies do. Hedging is not allow by the US based brokers so I think it would be matter of time that this would also be forbidden in other countries too. We don't know when.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,391
  • Aug 2, 2015 2:14am Aug 2, 2015 2:14am
Quoting adikashyap
Thanks Guys for your answers / suggestions ... I was thinking on the same lines ... But, why my 200 points (20 pips) Trailing Stop Loss was not activated even after the market moved 41 pips in my favor ... same AU pair? Same is true with my GA trade ... TSL is 400 points (40 pips) ... Market moved 65 pips in my favor ... TSL not activated ... Now the trade is exactly 40+ ...

You can also set your option to show the Ask price line on your chart along with the Bid price line.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,392
  • Aug 2, 2015 2:30am Aug 2, 2015 2:30am
hi trader this is DOTS indicator 3.1 with DDL file completely version.
Attached File(s)
File Type: rar DOTS Indicators.rar   47 KB | 651 downloads
  • #59,393
  • Aug 2, 2015 3:45am Aug 2, 2015 3:45am
Dear friends, I'd like to repeat my question with details. Thanks for ideas!

Quoting since80808
Hi Farhad and thaks for clearing! {quote} At m30 you look only for PAC (and trend) without TDI crosses? TDI is a trigger for higher TF (h4) only?
What I mean. We are looking for the trend direction and SR levels at higher TFs. Then we move lower for a tune moment of trade - I'm looking for pullback and return of lower TF to the main trend direction. We are using TDI and Synergy PAC for this.
Question:
Are PAC breakout and TDI cross equal strength signal? Or cross is main and PAC is confirmation? Because they don't not always folow each other.

Thank you again for answers!
Just an opinion. Based on research
  • #59,394
  • Aug 2, 2015 3:54am Aug 2, 2015 3:54am
Quoting emmanuel7788
{quote} Hi, Yes, Martingale is doubling the previous lots size, 1,2,4,8,16,32,64. It is a gambling strategy and I do not use that in forex trading. It can destroy a trading account much quicker than one can think of. Some very inexperienced traders see averaging down as Martingale without any knowledge what Martingale and anti-Martingale actually are. Averaging down has both pros and cons and only knowledgeable and experienced traders know when and how to use this. There are other ways to determine the average down trade lots size other than Martingale....
Thank you very much Emmanuel for very detailed information! I read your postings and documents about me/me trading method but wasn't sure about the recovery trading. Now it's clear to me and i will study more. Thanks.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #59,395
  • Aug 2, 2015 6:28am Aug 2, 2015 6:28am
Quoting since80808
Dear friends, I'd like to repeat my question with details. Thanks for ideas! {quote} What I mean. We are looking for the trend direction and SR levels at higher TFs. Then we move lower for a tune moment of trade - I'm looking for pullback and return of lower TF to the main trend direction. We are using TDI and Synergy PAC for this. Question: Are PAC breakout and TDI cross equal strength signal? Or cross is main and PAC is confirmation? Because they don't not always folow each other. Thank you again for answers!

Read post#647 and apply that on your chart with PAC and TDI.

Remember this Post#3142 and apply this rule:

#1 in importance is PA

#2 is the TDI for confirmation…


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #59,396
  • Aug 2, 2015 11:13am Aug 2, 2015 11:13am
Hi, can i apply this on mobile mt4?
  • #59,397
  • Aug 2, 2015 11:52am Aug 2, 2015 11:52am
Quoting emmanuel7788
{quote} Hi, Yes, Martingale is doubling the previous lots size, 1,2,4,8,16,32,64. It is a gambling strategy and I do not use that in forex trading. It can destroy a trading account much quicker than one can think of. Some very inexperienced traders see averaging down as Martingale without any knowledge what Martingale and anti-Martingale actually are. Averaging down has both pros and cons and only knowledgeable and experienced traders know when and how to use this. There are other ways to determine the average down trade lots size other than Martingale....
Hi Emm,

First, many thanks for your tireless devotion to educating all of us on TMS. I truly do not know how you do it.

I have a number of questions re ME/ME.

In the past you have had several posts, pdfs and scripts for a variation that I have not seen recently. For the purpose of my questions I will call it ME/ME-1. This variation features a fixed entry for 3 lots with variable exits.

If I understand correctly, your most recent discussions, re ME/ME-2, pertain to a second variant in which you create a basket with a fixed risk of 1%, seeking to place up to 5 structured positions within a 1% risk band.

1) Do I have the general idea right?

2) Do you still use ME/ME-1, and if so what sort of conditions do you look for as opposed to ME/ME-2?

Many thanks for your patience, AG
Do not dwell in the past, do not dream of the future, concentrate the mind.
  • #59,398
  • Aug 2, 2015 12:25pm Aug 2, 2015 12:25pm
I think ME/ME 1 is for intraday trading (but it is a single entry and multiple exits) ME/ME 2 is for 4 hours swing trading, Emmanuel please correct me if I am wrong. Still struggling to understand the dynamics of this strategy , especially how do you know when to add to a winning position? To do that you must be very confident that your target will be reached eventually? Is there any expert advisor similar to cave manager to help with that?
  • #59,399
  • Aug 2, 2015 1:54pm Aug 2, 2015 1:54pm
Hey, total beginner here, but I am ready to learn from you guys and hope to share something useful in near future.
  • #59,400
  • Aug 2, 2015 2:55pm Aug 2, 2015 2:55pm
Quoting Given1988
{quote} hello Ballistical, unfortunately for work I can just follow this amazing forum, I missed your last settings you use to invest. Moving Averages? TDI and then? What kind of moving average you use? and when you decide to open your trades? You probably already told you 100 times but missed two weeks and re-read more than 50 pages I have not the physical time, I apologize.
Hey Given,

If you wish to review a certain member's posts, this can be done through their profile... no need to scan through the entire TMS thread.

Anyway, I use the following on my charts. All of these can be found in the paperclip at the top of this page...

Core TMS Indicators:
- TDI (Basic version that changes at the close of each candle, Not RealTime version. Volatility bands removed to leave Green, Red and Yellow)
- Synergy APB candles (Standard settings)

Extra (Optional Indicators:
- Moving Average (Period: 200, Type: Exponential, Applied to: Close Price - Popular institutional MA, gives an indication of overall trend but also acts as dynamic S/R)
- ADR Indicator (Gives an indication of recent volatility to aid with trade decisions and help with target setting etc.)
- Session boxes (Adds structure to my charts and helps with recognizing session patterns eg. LO candle setting high or low for the session etc.)

For a detailed understanding of the thinking behind my entries and exits, take a look at my weekly summary posts on my profile. In short, its worth keeping an eye on moving averages, support, resistance etc. but when I see a strong TMS setup, I'll also trade against/into these levels.

Of course, every trader has to find what works for them, but IMHO it's best to keep your charts as stripped back as possible. Just take a look at the charts of senior traders who have mastered this method (Big E, Phx62, X-Man, Emmanuel, Omonisha, Scorps, Likica, Lastingwell, MrAussieFX etc.) They all trade they're own take on this method, but they all share one thing. They are all trading really clean charts because they understand that any additional indicators are only repeating the same information... price itself!

Anyway, hope this helps.

Ballistical
Focus on the process and the profits will follow
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