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Trading Made Simple

  • #69,961
  • Jul 6, 2016 1:31pm Jul 6, 2016 1:31pm
Quoting emmanuel7788
EURAUD Week 27 Jul 5 D1 chart trade entry {image}
Hello Emmanuel:

Two questions about pending order spacing and final exit;

Would you kindly update your EA trade, I started to follow yours on Monday. Since the SL is above prev. 2 days high, approximately 200 pips, so I set my pending orders 0.25*ADR(100), 41 pips in space. Is this correct way of deciding the distance of pending orders?

Regarding the final exit, i see the nearest HPSL is near 1.461xx, so should that be my final exit ? because that area forms a very strong support by looking at W1 TF.　I calculated the distance from the WK high to the HPSL, it's about 320+ pips, it's less than 445 pips (100%*AWR(52) ), so I guess it's high probability of reaching to HPSL before consolidating or retrace.

Happy trading


Steven
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  • #69,962
  • Edited 2:55pm Jul 6, 2016 2:23pm | Edited 2:55pm
Quoting emmanuel7788
{quote} Hi Davson, Here is my back-test results for UJ using data from Jan to Jun 2016 run using my TMS MEME trade manager. Trades are done manually on D1 chart time frame and managed by the trade manager EA. I did some modifications for a very good friend living in South America so that he can trade with a small account of $500 and with the smallest lot size 0.01 per ME trade. The test results look quite good for a 6 months period. I should be able to run forward testing with a live account next week once I finished clean up some coding. {image}...
Hi Emmanuel
USDJPY Daily MEME Strategy Testing (01Jan - 30Jun 2016)
Achieved good results with a TDI cross and 10EMA filter, 50pip (~0.3ADR100) retracement positions, 5 max, SL @ 2xADR100, ME1 and ME2 breakeven at ME1, I have position average BE + profit on more than 2 positions and left to run with candle trail.
Forward testing will be interesting..
Cheers
Attached Image (click to enlarge)
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By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #69,963
  • Jul 6, 2016 3:27pm Jul 6, 2016 3:27pm
How is this buy? Any thoughts, criticism, anything at all.
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  • #69,964
  • Jul 6, 2016 3:32pm Jul 6, 2016 3:32pm
Quoting wannalearn12
How is this buy? Any thoughts, criticism, anything at all. {image}
I wouldnt buy at this pair.
Daily and Weekly showing down, looks like a pullback or maybe the market fixing up.

anyway, i prefer to search for short position when market stop fixing up.
  • #69,965
  • Jul 6, 2016 4:13pm Jul 6, 2016 4:13pm
Quoting wannalearn12
How is this buy? Any thoughts, criticism, anything at all. {image}
not my kind of setup. On H1 you have a cross to the downside again... I would wait for another h1 candle and probably put a sell. but i don't trade at this time of the day. Very low volatility. you have to have big patience and lots of coffee...
Heading to bed, enough trading for today
  • #69,966
  • Jul 6, 2016 4:15pm Jul 6, 2016 4:15pm
Quoting catalin_eros
{quote} Many green pips to you!

Thx ^^

.. Monday I saw a nice priceaction in CJ...

.. found a nice entry.. and got 150 green in my pocket..


Cheers Guido
Attached Image (click to enlarge)
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Risiko birgt immer auch die Chance.
  • #69,967
  • Jul 6, 2016 5:03pm Jul 6, 2016 5:03pm
Quoting Downunder
{quote} Hi Emmanuel USDJPY Daily MEME Strategy Testing (01Jan - 30Jun 2016) Achieved good results with a TDI cross and 10EMA filter, 50pip (~0.3ADR100) retracement positions, 5 max, SL @ 2xADR100, ME1 and ME2 breakeven at ME1, I have position average BE + profit on more than 2 positions and left to run with candle trail. Forward testing will be interesting.. Cheers {image}
Hi Downunder,

Could you explain a bit more how this TDI cross and 10EMA filter works?

Best,
  • #69,968
  • Jul 6, 2016 5:49pm Jul 6, 2016 5:49pm
is EURJPY looking to go short?
  • #69,969
  • Jul 6, 2016 6:30pm Jul 6, 2016 6:30pm
Quoting tibovwh
{quote} Hi Downunder, Could you explain a bit more how this TDI cross and 10EMA filter works? Best,
Hi tibovwh
I use the daily TDI signal of the current and previous candle to control whether a re-entry or retracement position is placed with the EA. This way a position is only opened if the angle/slope for the signal line or RSI is acceptable (around 2o'clock buy, 4o'clock sell) and let the EA choose the best set ups. I use the 10 EMA signal to ensure I am on the right side of the moving average for re-entry or retracement positions. I stay below the 10EMA during sell positions, above for buy positions.
I will continue with forward testing when i get the chance..
Hope that helps.
Cheers
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #69,970
  • Jul 6, 2016 6:35pm Jul 6, 2016 6:35pm
Quoting wannalearn12
is EURJPY looking to go short?

which timeframe you want to trade?

BoJ Kuroda speaking in about one hour, so not intraday trading now.
If I trade D1 chart, I can sell an the initial SL is above last week's high.

H4 TDI is not in agreement with the H1 , D1, W1 and MN.

Attached Image (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,971
  • Jul 6, 2016 6:46pm Jul 6, 2016 6:46pm
Quoting Downunder
{quote} Hi tibovwh I use the daily TDI signal of the current and previous candle to control whether a re-entry or retracement position is placed with the EA. This way a position is only opened if the angle/slope for the signal line or RSI is acceptable (around 2o'clock buy, 4o'clock sell) and let the EA choose the best set ups. I use the 10 EMA signal to ensure I am on the right side of the moving average for re-entry or retracement positions. I stay below the 10EMA during sell positions, above for buy positions. I will continue with forward testing...

that is good.
look at your exit strategy, when you have 3 or more open ME trades, you can try close some trade at breakeven and manage the remaining trade with a minimum take profits of say, 50 pips. Your Ea must remember that breakeven level and in case the market comes back to that breakeven level, it will close the remaining trade.
However, if the market continues to trend in your favour, then you set a hard SL at the breakeven level after the market move 0.5ADR away from that breakeven level. From this point on, your EA must check for M15 TDI reversal (you do not need to change chart timeframe the EA can actively read the TDI data on M15). Once your EA detect a M15 TDI reversal, it will close the remaining trade in profit and then it will make a new entry and start a new basket of ME trades. This cycle goes on and on, until there is a trade invalidation or you decided on a stop trading time.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,972
  • Jul 6, 2016 7:24pm Jul 6, 2016 7:24pm
Quoting mousteven
{quote} Hello Emmanuel: Two questions about pending order spacing and final exit; Would you kindly update your EA trade, I started to follow yours on Monday. Since the SL is above prev. 2 days high, approximately 200 pips, so I set my pending orders 0.25*ADR(100), 41 pips in space. Is this correct way of deciding the distance of pending orders? Regarding the final exit, i see the nearest HPSL is near 1.461xx, so should that be my final exit ? because that area forms a very strong support by looking at W1 TF.　I calculated the distance from...

Hi Steven,

My EURAUD trade on Monday was a single entry.
see post ..
http://www.forexfactory.com/showthre...74#post9014174

If I were to do a ME/ME trade, then my techncial Sl would be above the high of the WRB on June 24 ( the Brexit candle). This would have more room to build up a position should the retracement goes higher into the WRB.
The Monday setup candle was a breakout of the WRB Low, but we saw the following day it went against my trade but did not hid my SL which was above the previous 2 days high.

You can do it the way you have on your chart but be careful with the potential drawdown with several trades place very close with 0.25ADR.

If you trade 4H swing, you can use the 52-weeks ADR for target profit and measure that from this week high. You also need to check the next nearest support where you can place your final TP. I see somewhere between 1.4600 and 1.4500 for this week TP is good.

Today I add new position.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,973
  • Jul 6, 2016 7:26pm Jul 6, 2016 7:26pm
Quoting Downunder
{quote} Hi tibovwh I use the daily TDI signal of the current and previous candle to control whether a re-entry or retracement position is placed with the EA. This way a position is only opened if the angle/slope for the signal line or RSI is acceptable (around 2o'clock buy, 4o'clock sell) and let the EA choose the best set ups. I use the 10 EMA signal to ensure I am on the right side of the moving average for re-entry or retracement positions. I stay below the 10EMA during sell positions, above for buy positions. I will continue with forward testing...
Thx for the explanation.

When does your EA decide to close an existing basket? Your backtest was both Buy and Sell right?

Best,
  • #69,974
  • Jul 6, 2016 7:35pm Jul 6, 2016 7:35pm
Quoting emmanuel7788
EURAUD Week 27 Jul 5 D1 chart trade entry {image}

EURAUD Week 27 Jul 7 new add-on position.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 27 Jul 7 trade update.png Size: 30 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,975
  • Jul 6, 2016 8:34pm Jul 6, 2016 8:34pm
Quoting emmanuel7788
{quote} EURAUD Week 27 Jul 7 new add-on position. {image}
you added more to your position?
  • #69,976
  • Jul 6, 2016 8:34pm Jul 6, 2016 8:34pm
Quoting plutodev
{quote} Hi Emmanuel, I Still confused about TDI Indicator, in this forum so many version for TDI Indicator, Could you give the link to download this TDI indicator that you use for trading ? and what's best parameter setting for this indicator. Thanks in advance.

Hi Plutodev,

Here are some old posts which will help you test and decide on the TDI.

Traders Dynamic Index description: Post#18,264 Post#24,705
If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25.
Note that the TDI Red Green version repaints all the bars in history so you cannot use this when you do back-testing by scrolling back your charts. The better way is to run this in live market and trade the TMS setups based on what you see without refreshing your charts. When you want to trade with entries on the APB#1 and APB#2 candles, always wait for the price bar/candle to close and use the TDI to confirm the setup.

Download .
TDI-RealTime version Post#17,848
and change the default settings to of the Synergy_Pro_TDI settings: Post#59,624
Synergy_Pro_TDI settings: Post#59,624

How to create the TDI using the RSI available in other platform: Post#30,671

below pic shows how you can create the TDI or the Fozzy RSI exaclty to be the same as the Synergy_Pro_TDI:
Attached Image (click to enlarge)
Click to Enlarge Name: TDI creation using RSI Fozzy RSI.png Size: 153 KB


Fozzy RSI Method Post#59,617

Comparison of TDI Red Green and TDI_RT:
http://www.forexfactory.com/showthre...31#post8569731
http://www.forexfactory.com/showthre...40#post8556840

Choose your trading styles using the TDI – Scalping, Active and Moderate
Post#24,705, Post#23,486, Post#24,912, Post#51,153, Post#51,299, Post#56,578 Post#57,351, Post#57,394

In case of information overload, stop reading and PM me.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,977
  • Jul 6, 2016 10:46pm Jul 6, 2016 10:46pm
Quoting emmanuel7788
{quote} Hi Plutodev, Here are some old posts which will help you test and decide on the TDI. Traders Dynamic Index description: Post#18,264 Post#24,705 If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy APB / HA candles and use that TDI Red Green version. These are in Post#25....

Thanks emmanuel for your sharing
  • #69,978
  • Edited 1:40am Jul 7, 2016 1:15am | Edited 1:40am
Quoting emmanuel7788
{quote} which timeframe you want to trade? BoJ Kuroda speaking in about one hour, so not intraday trading now. If I trade D1 chart, I can sell an the initial SL is above last week's high. H4 TDI is not in agreement with the H1 , D1, W1 and MN. {image}
Hi emmanuel, how do you get the Multiple Pairs on 1 window ? Could you share it and the ART grid indicator? In addition, I really wonder how to determine the exit price ?
  • #69,979
  • Jul 7, 2016 1:19am Jul 7, 2016 1:19am
Quoting emmanuel7788
{quote} looks like the same setting ... my broker day open is Sydney open hour (GMT+3) {image}
Hi Emmanuel7788 ,

What is the "debuglogger" parameter on the ISM ADR Marker , as I see that it is on "true" on your indicator and "false" on mine and the one of Bluesky ?
  • #69,980
  • Jul 7, 2016 1:23am Jul 7, 2016 1:23am
Quoting tibovwh
{quote} Thx for the explanation. When does your EA decide to close an existing basket? Your backtest was both Buy and Sell right? Best,
Hi tibovwh
EA only placed positions in direction of trend, for these UJ results Post 69,963 only sell positions.
The EA closes the basket when TP or SL is hit, if two positons only then ME1 & ME2 are closed at BE of ME1 (ME2 in profit) then reentry start of new basket. My TP moves as more retracement positions are added so that TP will always be set amount of pips away from BE of average open price. with >2 positions the EA closes all but the last position at BE + profit pips (50pips) leaving the last position to run with trail 2 candles behind.
I will look at encorporating the TDI 15 TF cross signal as exit during trailing stop as emmanuel mentions.
Cheers
By failing to prepare, you are preparing to fail - Benjamin Franklin
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