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Trading Made Simple

  • #63,841
  • Nov 30, 2015 11:16pm Nov 30, 2015 11:16pm
Hi Experts,

I wanted to backtest and practise the TMS. Understand there are some EA's that allows doing that. Was wondering anyone tried using forex tester instead? Tried to manually input the TDI settings but it seems very insensitive.

Jav
  • #63,842
  • Nov 30, 2015 11:40pm Nov 30, 2015 11:40pm
Quoting Javforex
Hi Experts, I wanted to backtest and practise the TMS. Understand there are some EA's that allows doing that. Was wondering anyone tried using forex tester instead? Tried to manually input the TDI settings but it seems very insensitive. Jav
I shared a testing expert ad-visor a while ago, u can look up my previous posts, but if you mean Forex Tester 2 then yes I use that for my testing studies , I cant recommend you enough here as its paid software, so do your own evaluation and see if you need that

Know that in order to be successful in trading TMS you need a plan and a lot of backtesting, actually you will need a lot of that, I have been doing it on daily basis for the last 2 years now just to be able to make it in FX trading in general

Good Luck
I Have Learned to Take Some Losses to Make Profits
  • #63,843
  • Nov 30, 2015 11:44pm Nov 30, 2015 11:44pm
Quoting Saionbus
Hi buddies, I saw a buy chance on Gold day chart. Now it is near 1072 Reason: 1. TDI devite with PA 2. double bottom of previous 2 PA candles, and today's candle beyond previous candle high. 3. TDI cross. STO confirm. Risk: During news week, It may fake out and drop quickly after better U.S. data. {image}
Gold have been struggling to close above EMA 10 on daily, has another obstacles H1 EMA 200, price has been rejected many times so far hitting those 2 emas, now on daily its printing a divergence, might be another HL before a trend shift
I Have Learned to Take Some Losses to Make Profits
  • #63,844
  • Dec 1, 2015 12:41am Dec 1, 2015 12:41am
Hi to all TMS traders

Try not to take all the Divergences that you see in the chart especially on lower time frames like H1 and m30 .

Divergences just react to the res and sup with big move and others will just consolidate and confuse you and may hit your stop. so try to take those that are near the supp and res.

Green pips to all of you
Best regards.
  • #63,845
  • Dec 1, 2015 1:47am Dec 1, 2015 1:47am
Quoting TheScorpS
{quote} I shared a testing expert ad-visor a while ago, u can look up my previous posts, but if you mean Forex Tester 2 then yes I use that for my testing studies , I cant recommend you enough here as its paid software, so do your own evaluation and see if you need that Know that in order to be successful in trading TMS you need a plan and a lot of backtesting, actually you will need a lot of that, I have been doing it on daily basis for the last 2 years now just to be able to make it in FX trading in general Good Luck
Thanks for the respond TSS. Yes, I actually bought the software as I reckon I'd need alot of practise. However, unlike MT4 where indicator can be easily port over, I seems to have difficulties setting up the TDI on my FT2.

Do you use FT2 for your TMS backtesting?
  • #63,846
  • Dec 1, 2015 2:50am Dec 1, 2015 2:50am
Happy Monday traders!

What is the name of indicator that points our entry and exit on a trade?
Also, may I ask if there is a WRB indicator for h4?

thanks!
  • #63,847
  • Dec 1, 2015 3:02am Dec 1, 2015 3:02am
Buy Gold at 1070

1sth TP 1120
2nd TP 1150
3rd TP 1200

SL 1150

I think gold will see 1200 at first long term target

Green pip to you
Best regards
Attached Image (click to enlarge)
Click to Enlarge Name: GOLD@Daily.png Size: 59 KB
  • #63,848
  • Edited 3:39am Dec 1, 2015 3:06am | Edited 3:39am
Quoting Saionbus
Hi buddies, I saw a buy chance on Gold day chart. Now it is near 1072 Reason: 1. TDI devite with PA 2. double bottom of previous 2 PA candles, and today's candle beyond previous candle high. 3. TDI cross. STO confirm. Risk: During news week, It may fake out and drop quickly after better U.S. data. {image}
Hello, Saionbus!

It looks like all that is needed now is a decent seized APB to close above the PAC, doesn't it? Well, not so fast! Take a look to the left. I see a strong past support turned into resistance. By the time your APB closes above the PAC, it will sit right next to the resistance area. It might break it, of course, but it is better to play it safe. I also see an inside bar, and you are right, the top of the second candle in the IB pattern has been broken. I think you would be safer to look for a long in lower timeframes, if you really want to go long. Just my opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 43 KB
  • #63,849
  • Dec 1, 2015 3:51am Dec 1, 2015 3:51am
Quoting TheScorpS
{quote} I shared a testing expert ad-visor a while ago, u can look up my previous posts, but if you mean Forex Tester 2 then yes I use that for my testing studies , I cant recommend you enough here as its paid software, so do your own evaluation and see if you need that Know that in order to be successful in trading TMS you need a plan and a lot of backtesting, actually you will need a lot of that, I have been doing it on daily basis for the last 2 years now just to be able to make it in FX trading in general Good Luck
Hi all,

My platform provides me with a built-in backtest possibility. I used this quite a bit in the past but I did not really spend enough time backtesting with TMS. I did for a while but I started thinking that it wasn't easy to define the exact rules and there was a lot of discretion involved. This backtest function was only a historical backtest and I could not simulate any live trading unfortunatly.

For the rest, I have been looking at historical charts mainly and forward testing. The problem with looking at historical charts is that we have all sorts of biases that can distort the outcome of our testing. I think it would be better for me to spend some more time actually backtesting in a proper way.

I'd love to know how you all do your backtesting? I'm contemplating buying Forex Tester 2. I think this should be a pretty good investment and it's a one-off payment. Who else has been using this and how exactly have you used it? How has it helped you? Or do you think the same result can be obtained with a free simulator?

I hope some can provide some valuable feedback!

Best,
  • #63,850
  • Edited 4:39am Dec 1, 2015 3:54am | Edited 4:39am
Quoting trade786
hey can somebody repost the apb bars indicator I had to reinstall Windows so lost the the settings Thankyou
HI trade786
The Zip file might be old version then get the updated ABP & TDI from SJ post

http://www.forexfactory.com/showthre...50#post8583050
Attached File(s)
File Type: zip SynergyPro.zip   2.4 MB | 677 downloads
  • #63,851
  • Dec 1, 2015 4:00am Dec 1, 2015 4:00am
Quoting pulubi28
Happy Monday traders! What is the name of indicator that points our entry and exit on a trade? Also, may I ask if there is a WRB indicator for h4? thanks!
Mark One Eyeball
No indicator points to an entry or exit but the TDI is used as a confirmation.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,852
  • Dec 1, 2015 4:20am Dec 1, 2015 4:20am
Quoting tibovwh
{quote} Hi all, My platform provides me with a built-in backtest possibility. I used this quite a bit in the past but I did not really spend enough time backtesting with TMS. I did for a while but I started thinking that it wasn't easy to define the exact rules and there was a lot of discretion involved. This backtest function was only a historical backtest and I could not simulate any live trading unfortunatly. For the rest, I have been looking at historical charts mainly and forward testing. The problem with looking at historical charts is that...
Hi tib,
If you look back at TSS recent posts you'll see he gave a link to a simulator which has been used a lot by people in this thread.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,853
  • Dec 1, 2015 4:24am Dec 1, 2015 4:24am
Quoting Lookleft
{quote} Hi tib, If you look back at TSS recent posts you'll see he gave a link to a simulator which has been used a lot by people in this thread.
I have it open right now

Best,
  • #63,854
  • Dec 1, 2015 4:28am Dec 1, 2015 4:28am
Quoting Lookleft
{quote} Mark One Eyeball No indicator points to an entry or exit but the TDI is used as a confirmation.
Hahah! Pardon if I was not able to express well. This one on the image:

Also, is there a WRB indicator H4? Emmanuel said it is after 3-5 smaller APBs, but I think this one is not applicable, the one on the box as shown in the 2nd image. The price continued to go short.
Attached Images
  • #63,855
  • Dec 1, 2015 4:41am Dec 1, 2015 4:41am
Quoting pulubi28
{quote} Hahah! Pardon if I was not able to express well. This one on the image: Also, is there a WRB indicator H4? Emmanuel said it is after 3-5 smaller APBs, but I think this one is not applicable, the one on the box as shown in the 2nd image. The price continued to go short. {image} {image}
Hi pulubi,

I don't think I've seen one in here. The best way to go would probably be the Master Candle and the Inside Bar indicator and for the WRB you can visually compare the previous bar to the last 3 to 5 bars (eyeballing)

Best,
  • #63,856
  • Dec 1, 2015 4:42am Dec 1, 2015 4:42am
Quoting pulubi28
{quote} Hahah! Pardon if I was not able to express well. This one on the image: Also, is there a WRB indicator H4? Emmanuel said it is after 3-5 smaller APBs, but I think this one is not applicable, the one on the box as shown in the 2nd image. The price continued to go short. {image} {image}
OK understand now.
To get the entry and exit points of a trade on the Terminal (or press Ctrl +T), click on the Account History tab and drag the trade you want onto the chart.
I don't know about a WRB indicator but in the example you showed, if that is a WRB then you would expect price to continue down once it had closed below the WRB and there was TDI confirmation.
Never argue with a fool; onlookers may not be able to tell the difference.
  • #63,858
  • Dec 1, 2015 5:01am Dec 1, 2015 5:01am
Quoting catalin_eros
{quote} Hello, Saionbus! It looks like all that is needed now is a decent seized APB to close above the PAC, doesn't it? Well, not so fast! Take a look to the left. I see a strong past support turned into resistance. By the time your APB closes above the PAC, it will sit right next to the resistance area. It might break it, of course, but it is better to play it safe. I also see an inside bar, and you are right, the top of the second candle in the IB pattern has been broken. I think you would be safer to look for a long in lower timeframes, if you...
Hello,

can I ask real quick what those 2 MA's are on your Chart window?

Thx.
D.
  • #63,859
  • Dec 1, 2015 5:52am Dec 1, 2015 5:52am
Quoting TheScorpS
{quote} Gold have been struggling to close above EMA 10 on daily, has another obstacles H1 EMA 200, price has been rejected many times so far hitting those 2 emas, now on daily its printing a divergence, might be another HL before a trend shift
Yes you are right, it failed breakout EMA200 on H1 chart and bounce off .
  • #63,860
  • Dec 1, 2015 6:07am Dec 1, 2015 6:07am
Quoting catalin_eros
{quote} Hello, Saionbus! It looks like all that is needed now is a decent seized APB to close above the PAC, doesn't it? Well, not so fast! Take a look to the left. I see a strong past support turned into resistance. By the time your APB closes above the PAC, it will sit right next to the resistance area. It might break it, of course, but it is better to play it safe. I also see an inside bar, and you are right, the top of the second candle in the IB pattern has been broken. I think you would be safer to look for a long in lower timeframes, if you...
Thank you, wait until the clear breakout is more safe, above PAC or above 10 ema. I was aggressive tried to do long and close before NFP.
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