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Trading Made Simple

  • #70,041
  • Jul 8, 2016 10:54am Jul 8, 2016 10:54am
who have removed me in this group ?
  • #70,042
  • Jul 8, 2016 10:57am Jul 8, 2016 10:57am
1 years tgesting and 6month tested with gold DD is very good
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  • #70,043
  • Jul 8, 2016 11:01am Jul 8, 2016 11:01am
i m still working hard to done and correct all bug and finish but if some people think it easy to make auto ea work good they can do themself but other people must be patient ni will send all in skype for poeple are interrested for free i dont want money i trade 5 account of 40k and no need poeple money there so if yu dont want to help to done then no ask me thanks
  • #70,044
  • Jul 8, 2016 11:05am Jul 8, 2016 11:05am
Quoting davson90
i m still working hard to done and correct all bug and finish but if some people think it easy to make auto ea work good they can do themself but other people must be patient ni will send all in skype for poeple are interrested for free i dont want money i trade 5 account of 40k and no need poeple money there so if yu dont want to help to done then no ask me thanks
Nothing you are posting are relevant to this thread. Make you own thread in the platform tech forum.
MY SITTING, NEVER MY THINKING!
  • #70,045
  • Jul 8, 2016 11:24am Jul 8, 2016 11:24am
Guys Dawson Ea is related to trading TMS method and he has no alterior motive so I don't see the issue..if anything helps in thinking about partially automating our trading.

Pips to all...
  • #70,046
  • Jul 8, 2016 11:26am Jul 8, 2016 11:26am
yes i start backtest
  • #70,047
  • Jul 8, 2016 12:30pm Jul 8, 2016 12:30pm
Quoting emmanuel7788
NFP in about one hour. The market direction in the higher timeframe will not change. If a pair is sideways, it will remain sideways. If a pair is trending, it will remain trending. If you are trading H1 and smaller timeframes, this is where you will be slaughtered by the smart money.
Tks for reminding me of the fact of life. Will keep it in mind. You are really something.
  • #70,048
  • Jul 8, 2016 4:00pm Jul 8, 2016 4:00pm
Quoting emmanuel7788
{quote} EURAUD Week 27 Jul 7 new add-on position. {image}

EURAUD Week 27 trades closed.

Manually close at BRN. Next week will still be sell only but there will be corrections, so how do we trade this pair next week?

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Week 27 Jul 8 trades closed.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,049
  • Jul 8, 2016 4:23pm Jul 8, 2016 4:23pm
Quoting Downunder
{quote} Hi emmanuel Were you using a trail for these two positions before you manually closed before NFP. I am currently running previous back testing with 15TDI signal as apposed to trailing stop and looks like it closes positions earlier in the run so missing out on potential profit, as you can imagine the 15min TDI will cross many times during a daily candle, may have to add some additional conditions to let it run more. Will put up some comparison trades when testing finished. Whats you thoughts on trailing with 15TDI signal as opposed to using...

Hi,

I was managing these trades manually. Closed them at BRN 1.5200 since the R:R was good and my Expectancy of 2.3.

However, if you are managing using TDI-M15 reversal for exit, you first must set a minimum take profit (MinTP) in number of pips. For example, if the MinTP is set to 50pips, you will only look for TDI-M15 reversal cross after the price has move more than 50pips MinTP. This will ensure that the trade will not exit at any TDI-M15 cross any earlier below MinTP of 50pips. There will be several TDI M15 crosses in choppy conditions, but when there is breakout, the TDI M15 reversal crosses will happen after a big price move. This exit method is to capture the bigger runs.
But remember, you re-enter after a TDI-M15 reversal exit and stay in the trending move.

The common trailing stop is somewhat fix pips distance from the market, it difficult to decide how many pips you want to trail behind the market unless you can calculate this dynamically. When we did the system development, many ideas came up. But my thinking was that since we use the TDI for entry and exit as our core method, our system design should be kept consistent using the TDI for most (not all) trading decisions. Tested and proven to work for years, however if anyone finds a better exit strategy for "Let Profits Run", I keep an open mind and will be delighted to incorporate it.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,050
  • Jul 8, 2016 4:28pm Jul 8, 2016 4:28pm
Quoting kiwimark
{quote} Tks for reminding me of the fact of life. Will keep it in mind. You are really something.

Life can be simple.
We know the sun will rise everyday.
That should be our daily reminder for many things we do everyday.
The same reminder when we trade the market.

Trade Well.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,051
  • Jul 8, 2016 4:40pm Jul 8, 2016 4:40pm
Quoting emmanuel7788
{quote} XAUUSD Weekly chart update. just had a meeting with a few traders here and thought I update my weekly chart with a new 'resistance' level 1394. it may takes days to reach but of the bullish rally continues, it is good place for target in few days. when today closes, we move our protective stop to below today's low ...1355.15 do not forget we have FOMC during NY session. {image}

Nasty week for XAUUSD.
NFP 're-set' the price to this week' open ... taking out all stops which trailing behind the previous Day lows.
Next week will still be buy mode. But with big NFP candle, where will you place your initial SL?
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD Week 27 July 8 update.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,052
  • Jul 8, 2016 4:47pm Jul 8, 2016 4:47pm
Quoting emmanuel7788
{quote} Life can be simple. We know the sun will rise everyday. That should be our daily reminder for many things we do everyday. The same reminder when we trade the market. Trade Well.
Witness it brother Emmanuel, witness it!!

You are so right Emmanuel, 'simplicity' can be a 'liberating' experience when applied to anything!

Thanks Emmanuel.

-Lee
  • #70,053
  • Jul 8, 2016 4:55pm Jul 8, 2016 4:55pm
My believe is there is no such thing as 'stress free trading' when you are trading with real money, your hard-earned money. If you are still trading with your hard-earned money, you do not have your winning edge and you will still lose more of your money.

The "secret" to making money is still this thingy known as Money Management.

If you have not read the Money Management Report, here is the link:
http://www.forexfactory.com/attachme...3&d=1457172259
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,054
  • Jul 8, 2016 5:27pm Jul 8, 2016 5:27pm
Quoting emmanuel7788
My believe is there is no such thing as 'stress free trading' when you are trading with real money, your hard-earned money. If you are still trading with your hard-earned money, you do not have your winning edge and you will still lose more of your money. The "secret" to making money is still this thingy known as Money Management. If you have not read the Money Management Report, here is the link: http://www.forexfactory.com/attachme...3&d=1457172259
Tks Emm. I have been thinking, "What's wrong with me? Why am I not be liberated from stress while trading?" It's good to know there is no stress-free trading.
  • #70,055
  • Jul 8, 2016 5:32pm Jul 8, 2016 5:32pm
Quoting emmanuel7788
{quote} Hi, I was managing these trades manually. Closed them at BRN 1.5200 since the R:R was good and my Expectancy of 2.3. However, if you are managing using TDI-M15 reversal for exit, you first must set a minimum take profit (MinTP) in number of pips. For example, if the MinTP is set to 50pips, you will only look for TDI-M15 reversal cross after the price has move more than 50pips MinTP. This will ensure that the trade will not exit at any TDI-M15 cross any earlier below MinTP of 50pips. There will be several TDI M15 crosses in choppy conditions,...
Hi emmanuel
Thanks for your thoughts and ideas, Ill incorporate these ideas into the EA and run some backtesting.. forward testing difficult at moment as the wife is dragging me around UK countryside looking at castles...
Cheers
By failing to prepare, you are preparing to fail - Benjamin Franklin
  • #70,057
  • Jul 8, 2016 5:39pm Jul 8, 2016 5:39pm
Quoting Downunder
{quote} Hi emmanuel Thanks for your thoughts and ideas, Ill incorporate these ideas into the EA and run some backtesting.. forward testing difficult at moment as the wife is dragging me around UK countryside looking at castles... Cheers
Enjoy the castle visits. I seen many during my stay there. But never got into Buckingham, only at the front gate and also the rear sidegate where the Guards House is.

One very spooky castle I recall, in the dungeons no windows, door closed, you will feel the rush of cold air pass you ... kids freaked out.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,058
  • Jul 8, 2016 5:44pm Jul 8, 2016 5:44pm
Quoting tibovwh
{quote} Hi Emm, I really like the detailed posts. Thanks a bunch! Still some questions tho: See attached chart. So: If you have two open positions, your TP is set how far from the avg entry price? Is this TP distance the same as the add-on distance? If you have three open positions, you set TP of entry 1 & 2 to BE. What is the TP of entry 3? Best,

Hi Tibovwh,

here is how my EURUSD trade turned out during NFP today.

again - 2 trades at breakeven, (one loser, one winner)
3rd trade ran with MinTP = 50pips protected and stopped out with TDI-M15 reversal cross, +67pips. Re-entry made to start a new basket and left open to run into next week.

details shown below in H4 otherwise all things will just be in one Day candle.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Week 27 MEME NFP management.png Size: 48 KB


BTW, my target for day chart trading with ME/ME below. Market is sideways after that Brexit candle but is good for ME/ME with small risk less stress trading.

MN swing level...

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Day target.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,059
  • Edited 8:52pm Jul 8, 2016 6:04pm | Edited 8:52pm
My favourite FX Traders magazine, in case you are looking for somethings to read online for free this weekend.

http://www.fxtradermagazine.com/online-edition.php

Have a great weekend folks. It's cold here...


Edit: Please read pages 32 to 34. "Getting the Big Picture - using the Stages of Price Movement".
Learn this, follow this and we trade with TMS 5-Method.
Trading Made Simple can be also made easy when we know the meaning of 'Keep It Simple'.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #70,060
  • Jul 8, 2016 9:16pm Jul 8, 2016 9:16pm
Quoting emmanuel7788
{quote} few posts above I explained how to create the TDI using the RSI. http://www.forexfactory.com/showthre...51#post9017651 you can do that in most trading platforms PC based and smartphone platform.
Thank you good sir!
Take what the market gives you.
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