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Trading Made Simple

  • #65,701
  • Feb 12, 2016 4:57am Feb 12, 2016 4:57am
Hi guys, I was just thinking it would be great if there was an indicator for MT4 that gives you a list of symbols with a recent intersection of the green and red line of the TDI, according to the timeframe.

Does this indicators exists?

(I'm a software developer, but I know nothing about MT programming)

Regards
  • #65,702
  • Feb 12, 2016 5:17am Feb 12, 2016 5:17am
Quoting TheScorpS
{quote} Took me more than a day to get back to you, sorry for that , the way I trade is not holy grail nor magic, its what I have been trying to achieve for the last 3 years, learning and trading TMS, I read Big E book, and then studied extensively and still do Phx62 books, those helped me a lot, while back-testing on a daily basis and still do I follow the same principle that Big E posted in the first page, and try to make it simple with a proven trading plan that has more obviously a bit more detials to it Basically a candle changes color and...
​Scorps you mentioned Phx62, do you have a link to any of his books please?
  • #65,703
  • Feb 12, 2016 5:25am Feb 12, 2016 5:25am
Quoting teslaYoung
The ME/ME trades for 2016 Week 6 I just closed all the profitable trades for this week and still have 1 open trade for AUD/JPY and another one for EUR/JPY in the market, I plan to hold the trades and wait for tomorrow morning to see the close of their daily candlesticks, I expect some retracements then I can decide whether to hold or close. The market has a significant move during this week as worldwide stocks fall and central banks look powerless, so we had many good opportunities to trade safe-haven JPY pairs using ME/ME method. I do really appreciate...
I must say, very impressive! I read you have been gaining experience since 2002 which is considerably longer than I have but after just a few weeks with TMS obtaining these kind of results is great! It's a motivation for myself to take this ME/ME position trading a step further.

I read you use an EA to manage your trades. is this something you have coded yourself or are you using some existing manager? I would love to talk a bit about this because I'm interested to code my own.

I hope you can replicate this week's succes in the rest of the month! Looking forward to more posts

Best,
  • #65,704
  • Feb 12, 2016 5:29am Feb 12, 2016 5:29am
Quoting Scrambleguy
{quote} ​Scorps you mentioned Phx62, do you have a link to any of his books please?
Hi Scramble,

Here you can find a collection of relevant material from this thread. Phx's books can be found in the "TMS Thread" folder.

Enjoy
  • #65,705
  • Feb 12, 2016 5:59am Feb 12, 2016 5:59am
Quoting Scrambleguy
{quote} ​Scorps you mentioned Phx62, do you have a link to any of his books please?
Download his 5 books from this post

http://www.forexfactory.com/showthre...37#post8401137

Dig down to the smallest details , find them, practice on em, master them, and then u will get to understand what TMS is capable of
I Have Learned to Take Some Losses to Make Profits
  • #65,706
  • Feb 12, 2016 6:26am Feb 12, 2016 6:26am
Closing some trades before NY session opens.
Have been a very good week with market volatility and some pairs trending very strong so we took advantage of this.

Week 02 to 06 ( Jan 11 to Feb 12)
Winning trades : 252
Losing trades : 32
Total Win pips : 31,189 pips
Average Win Pips : 124 pips
Average Win Amount: $278.00
Average Lot Size : 0.39 std.
Average duration of trade : 4Days 20Hours

Attached Image (click to enlarge)
Click to Enlarge Name: TMS MEME trades closed 11 Jan to 12 Feb 2016.png Size: 26 KB


last week results:
http://www.forexfactory.com/showthre...35#post8736335
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #65,707
  • Feb 12, 2016 6:28am Feb 12, 2016 6:28am
Quoting emmanuel7788
Closing some trades before NY session opens. Have been a very good week with market volatility and some pairs trending very strong so we took advantage of this. Week 02 to 06 ( Jan 11 to Feb 12) Winning trades : 252 Losing trades : 32 Total Win pips : 31,189 pips Average Win Pips : 124 pips Average Win Amount: $278.00 Average Lot Size : 0.39 std. Average duration of trade : 4Days 20Hours {image} last week results: http://www.forexfactory.com/showthre...35#post8736335
Your trade order needs to be in the right place at the right time.
  • #65,708
  • Feb 12, 2016 6:33am Feb 12, 2016 6:33am
I have to say I love this thread and all it's participants... we have a nice community of traders...

Give yourselves a pat on the back for an excellent start to 2016...

Special mentions for scorps, omnoshi, tibovwh, meihk, lastingwell, dimi, phx and many others
and the guardian of the thread emmanuel7788 many special thanks to all !!!

It's in fear when people show what they truly value.
  • #65,709
  • Feb 12, 2016 7:11am Feb 12, 2016 7:11am
Quoting emmanuel7788
Closing some trades before NY session opens. Have been a very good week with market volatility and some pairs trending very strong so we took advantage of this. Week 02 to 06 ( Jan 11 to Feb 12) Winning trades : 252 Losing trades : 32 Total Win pips : 31,189 pips Average Win Pips : 124 pips Average Win Amount: $278.00 Average Lot Size : 0.39 std. Average duration of trade : 4Days 20Hours {image} last week results: http://www.forexfactory.com/showthre...35#post8736335
Hey Emmanuel,

great results! This Avg lot size of 0.39 lot this is per 0.02% lot?
  • #65,710
  • Feb 12, 2016 8:00am Feb 12, 2016 8:00am
Hello people I am reading many topics
since the X-MAN mode and come up here I'm starting with the simple way in H4 and see babypips

Thank you for people like teaching some other
sorry English...
  • #65,711
  • Feb 12, 2016 8:06am Feb 12, 2016 8:06am
Quoting TheScorpS
{quote} Download his 5 books from this post http://www.forexfactory.com/showthre...37#post8401137 Dig down to the smallest details , find them, practice on em, master them, and then u will get to understand what TMS is capable of

THANK YOU FOR REMINDING US, TSS.
http://www.forexfactory.com/showthre...52#post4601752
  • #65,712
  • Feb 12, 2016 8:47am Feb 12, 2016 8:47am
Quoting TheScorpS
{quote} Download his 5 books from this post http://www.forexfactory.com/showthre...37#post8401137 Dig down to the smallest details , find them, practice on em, master them, and then u will get to understand what TMS is capable of
​thank you Scorps!
  • #65,713
  • Feb 12, 2016 9:22am Feb 12, 2016 9:22am
I started building positions in GBPCAD. Unfortunatly, something went wrong this morning while I was away.

I decided to use 0.02 lotsize per entry. I had a limit buy order 80 pips (0.5*ATR(100)) below which was executed and another one 80 pips below that one. I placed a buy and sell limit 100 pips above my average entry price to re-enter.

Unfortunatly, while I was gone, Price went up and hit my buy order to the pip while pulling back and leaving my sell order in the market. by the time I came back to my screen price pulled back. So now I'm in this positions with poor average entry price and too much risk.
Attached Image (click to enlarge)
Click to Enlarge Name: [240 Min.] GBP CAD 401156334 TMS_SWING 2016-02-12 16-18-49.png Size: 64 KB
  • #65,714
  • Feb 12, 2016 9:32am Feb 12, 2016 9:32am
Quoting TheScorpS
Back-testing session during the weekends, do ur work, do it often, and hopefully u gonna master what ur doing, ie become a successful trader One more trade to the end of the session , as an update {image}
Do you do the backtesting manually?
  • #65,715
  • Feb 12, 2016 10:03am Feb 12, 2016 10:03am
Quoting tibovwh
I started building positions in GBPCAD. Unfortunatly, something went wrong this morning while I was away. I decided to use 0.02 lotsize per entry. I had a limit buy order 80 pips (0.5*ATR(100)) below which was executed and another one 80 pips below that one. I placed a buy and sell limit 100 pips above my average entry price to re-enter. Unfortunatly, while I was gone, Price went up and hit my buy order to the pip while pulling back and leaving my sell order in the market. by the time I came back to my screen price pulled back. So now I'm in this...
Hi tibovwh,

to exit and re-enter, the sell order have to be below the buy order in a long position. you're still in the long position with 2 trades open? i also have position in this pair too.

regards,
Meihk
  • #65,716
  • Feb 12, 2016 10:15am Feb 12, 2016 10:15am
Quoting Meihk
{quote} Hi tibovwh, to exit and re-enter, the sell order have to be below the buy order in a long position. you're still in the long position with 2 trades open? i also have position in this pair too. regards, Meihk
Hi Meikh,

Yes, this does make sense. In the future I will make sure the Limit and stop order are somewhat different with about the spread distance between.

I had 2 x 0.02 lots open and the re-entry lots were consequently 0.04 orders which means I now have 0.08 lots open. I will keep open for now and cut losses when I have too. It's still demo account so no harm done!

Best,
  • #65,717
  • Feb 12, 2016 10:43am Feb 12, 2016 10:43am
Currently studying this:
Phx62 book
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 369 KB


My trades for the week: will post the charts tomorrow. I am just so happy with my week's results by following the simple rules of Big E. GbpCad trade was opened by my toddler. Did not know he messed up with my phone earlier until I checked the charts on my laptop.
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpeg Size: 173 KB
  • #65,718
  • Feb 12, 2016 11:03am Feb 12, 2016 11:03am
Quoting pulubi28
{quote} Do you do the backtesting manually?
Yes I do that manually , ur results is very good, keep at it
I Have Learned to Take Some Losses to Make Profits
  • #65,719
  • Feb 12, 2016 11:17am Feb 12, 2016 11:17am
Quoting TheScorpS
{quote} Yes I do that manually , ur results is very good, keep at it
Thank you! Also, thanks for referring us to Phx62's book. I've been hearing about his name. But it is only now that I got to read his posts.

Pardon me if I have to post this image from Phx62's book I, page 35. I just have to save this on my profile for reference. This is for those, like me, who is having a hard time with money management.
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpeg Size: 181 KB


"practice. Master. Understand tms" -TSS
  • #65,720
  • Feb 12, 2016 12:09pm Feb 12, 2016 12:09pm
Quoting tibovwh
{quote} ... or are you using some existing manager? I would love to talk a bit about this because I'm interested to code my own.
Hi Tibo,

I am working on a simple risk tool and an EA for ME/ME (I am on MT5 platform). Some ideas to share:
integrated in my "Pipsometer" is a simple lot and risk calculation: before taking a trade it shows the lot size for a certain risk (eg 2%) based on your account equity, value per pip and ATR; after entering the trade it shows the risk% based on av. entry price and the actual set SL, see below screenshots. So if you move your SL (by hand or trailing), you always know your risk. To me as a newbie to forex its very comfortable and helpful
Attached Image

Attached Image



Best, Jo
Best regards, blackfriday
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