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Lower risk, stress free TDI system

  • #3,941
  • Jul 21, 2016 5:26am Jul 21, 2016 5:26am
Hello guys,

Sevan, just a quick question, is it possible to add a TF on the indicator... I'm interested in the 15 min TF, how can I do that please ?

Thank you
  • #3,942
  • Jul 21, 2016 5:29am Jul 21, 2016 5:29am
Quoting sevan62
{quote} Thanks for you question Jones, To clarify indi algirithm it is impossible to explain the programm the meaning of the words "near or above 50". That is why currently indicator check if: Stoch > 45 for buy signal Stoch < 55 for sell signal Above is related to method#2 (H4 & D1). I hope it will suit in most cases.

Oh ok, I haven't noticed.... Then your indicator is perfect... Great job Sevan
  • #3,943
  • Jul 21, 2016 5:37am Jul 21, 2016 5:37am
@Sevan - Firstly thank u greatly for an amazing indicator. I am still a very stupid beginner and trying to learn new tricks, so this is a big help. Works so far very nicely, ive gotten a few 1H signals. I am struggling some though, and this is where my question comes in to everyone..

How do i determine safe SL and TPs? I know the TP u can just watch the screen and wait for the best exit - but lets say u are going to be away from the PC for a bit, what technical analysis tools and/or indicators can specify the safest SL/TP. Or even just a general rule to follow, as we are trying to make trading simple in this thread
  • #3,944
  • Jul 21, 2016 6:22am Jul 21, 2016 6:22am
can somebody help me,why i'm wrong...?
i open at 4 pm gmt +7
the TDI crossing down
stoch crossing down
but the candle going up
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 62 KB
  • #3,945
  • Jul 21, 2016 6:49am Jul 21, 2016 6:49am
Quoting sosro
can somebody help me,why i'm wrong...? i open at 4 pm gmt +7 the TDI crossing down stoch crossing down but the candle going up {image}
Hi sosro,

According to my trading plan, this is why I didn't take this one :

- The TDI hasn't crossed yet, you need to wait for another candle to confirm it's going down
- Yes the stoch is going down but it needs to be under 50 area
- I often check the TDI higher TF, in this case Daily, and it's actually above the Market Base Line, the yellow one.
- Look at the price action, you have a trendline acting as support and the price is now stuck between the 50 EMA and 200 EMA

To help you with the direction of the trade, I recommend you download an indicator called moneyline.... very useful to me

Hope it'll help you
  • #3,946
  • Jul 21, 2016 6:53am Jul 21, 2016 6:53am
Quoting TheRidDler
@Sevan - Firstly thank u greatly for an amazing indicator. I am still a very stupid beginner and trying to learn new tricks, so this is a big help. Works so far very nicely, ive gotten a few 1H signals. I am struggling some though, and this is where my question comes in to everyone.. How do i determine safe SL and TPs? I know the TP u can just watch the screen and wait for the best exit - but lets say u are going to be away from the PC for a bit, what technical analysis tools and/or indicators can specify the safest SL/TP. Or even just a general...

Hi Ridler,

For me, the safest stop loss level is the previous high/low on the chart.
As an exit, which is the most difficult, you can use the SupDem indicator, the actual support resistance on the chart, take a look at the 50 and 200 EMA on higher TF....

Unfortunately, there is not one answer for the take profit, try to find confluence with these informations above, again, watch the round numbers....

Hope it helps
  • #3,947
  • Jul 21, 2016 7:22am Jul 21, 2016 7:22am
Quoting QuincyJones
{quote} Hi sosro, According to my trading plan, this is why I didn't take this one : - The TDI hasn't crossed yet, you need to wait for another candle to confirm it's going down - Yes the stoch is going down but it needs to be under 50 area - I often check the TDI higher TF, in this case Daily, and it's actually above the Market Base Line, the yellow one. - Look at the price action, you have a trendline acting as support and the price is now stuck between the 50 EMA and 200 EMA To help you with the direction of the trade, I recommend you download...
thanks for your information and your solution.
and can you give me the indicator you called moneyline please..?
  • #3,948
  • Jul 21, 2016 7:32am Jul 21, 2016 7:32am
Quoting sosro
{quote} thanks for your information and your solution. and can you give me the indicator you called moneyline please..?
yep
Attached File(s)
File Type: ex4 Money Line.ex4   7 KB | 523 downloads
  • #3,949
  • Jul 21, 2016 7:36am Jul 21, 2016 7:36am
Quoting QuincyJones
{quote} yep {file}
thank you so much bro..
you are very helpfull
  • #3,950
  • Jul 21, 2016 10:02am Jul 21, 2016 10:02am
Quoting QuincyJones
Hello guys, Sevan, just a quick question, is it possible to add a TF on the indicator... I'm interested in the 15 min TF, how can I do that please ? Thank you
Hi Jones,
Sorry for my mess explanation of how indicator works.
In case you want to have signals from M15 TF you should simply attach indicator to M15 cart with any symbol.
BR, alex
  • #3,951
  • Jul 21, 2016 10:13am Jul 21, 2016 10:13am
Quoting sevan62
{quote} Hi Jones, Sorry for my mess explanation of how indicator works. In case you want to have signals from M15 TF you should simply attach indicator to M15 cart with any symbol.
ok, nice, thanks for your answer
  • #3,952
  • Jul 21, 2016 10:16am Jul 21, 2016 10:16am
Quoting TheRidDler
@Sevan - Firstly thank u greatly for an amazing indicator. I am still a very stupid beginner and trying to learn new tricks, so this is a big help. Works so far very nicely, ive gotten a few 1H signals. I am struggling some though, and this is where my question comes in to everyone.. How do i determine safe SL and TPs? I know the TP u can just watch the screen and wait for the best exit - but lets say u are going to be away from the PC for a bit, what technical analysis tools and/or indicators can specify the safest SL/TP. Or even just a general...
TheRidDler,
Thanks for kind words but unfortunately i can't help in trading advises as i'm not a super trader Mehdi system. I hope somebody from top-level traders (Moonie, Emmanuel, LookLeft, NikiPink ...) would answer your questions.

Imho SL is better to place at the closest significant support/resistance level or nearest hi/lo. If your position have 15-25 pips profit it would be good to move SL to BE. I'm not sure that TP is necessary at all. Maybe better to control Stoch, TDI and PA and close position according to situation. Just my 2 cents.
BR, alex
  • #3,953
  • Jul 21, 2016 10:46am Jul 21, 2016 10:46am
Quoting TheRidDler
@Sevan - Firstly thank u greatly for an amazing indicator. I am still a very stupid beginner and trying to learn new tricks, so this is a big help. Works so far very nicely, ive gotten a few 1H signals. I am struggling some though, and this is where my question comes in to everyone.. How do i determine safe SL and TPs? I know the TP u can just watch the screen and wait for the best exit - but lets say u are going to be away from the PC for a bit, what technical analysis tools and/or indicators can specify the safest SL/TP. Or even just a general...
Hi Riddler,
Firstly if your initial S/L gets hit it's the market's way of telling you that you made a bad trade
Qunicy gave a good explanation of placing an initial S/L another quick and dirty method is to use the synergy APB with PAC and place your S/L on the opposite side of the PAC.
Once you've worked out your S/L the TP is an easy calculation based on risk/reward. You should look for a R:R of at least 1:1 so if your S/L is 50 pips you need space for price to move 50 pips or more. If there is no free space for price to travel to your TP then either drop down a TF or look for another pair.
Hope this helps
Never argue with a fool; onlookers may not be able to tell the difference.
  • #3,954
  • Jul 21, 2016 10:48am Jul 21, 2016 10:48am
Quoting QuincyJones
{quote} Hi Ridler, For me, the safest stop loss level is the previous high/low on the chart. As an exit, which is the most difficult, you can use the SupDem indicator, the actual support resistance on the chart, take a look at the 50 and 200 EMA on higher TF.... Unfortunately, there is not one answer for the take profit, try to find confluence with these informations above, again, watch the round numbers.... Hope it helps
@Quincy - Thank you very much for the reply. I am, however, still stupidly novice, so please excuse the follow up questions :

1. Previous high/low on the chart - do you use an indicator for this, or just go with a quick glance
2. Trying to find SupDem, but a quick search don't yield downloadable results. Is it possible to pop it here please?
3. So wud SupDem give me the 50/200 EMA? How exactly do i utilise this information? I have put two MA's at 50 and 200 (or at least i think i did it right), and they run but so far im kind of baffled by what to do with them.
4. Why does one have to evaluate 50/200 on higher TF's and not the current one ur trading on?
5. TP i kind of wing it, as i have some time to watch the charts. At this point im following the strategy in this thread, and just scalping off pips as best possible by using the built in Trailing Stop in MT4 (Set to minimum allowed spread)

Again, sorry for the overload of questions. There are so many guides and sites out there but none of them really seem to explain it in a way that i 'grasp', if u could call it that. I feel there might be alot of principle basics i might still be lacking to snap all the logic behind some of the lingo.

@ sevan62 - No worries mate, thank you anyway for replying. You have done everyone a great service with the indicator. As i told Quincy above im trying to understand the concept of 'placing the SL as close as possible to the support/resistance level or hi/lo'. I grasp Sup and Res, that i know, and ive had sup/res lines in the past, but i could never properly gauge where to place a SL.

Thanks to all for a great forum and thread. A community like this is what makes places shine.
  • #3,955
  • Jul 21, 2016 10:56am Jul 21, 2016 10:56am
Quoting Lookleft
{quote} Hi Riddler, Firstly if your initial S/L gets hit it's the market's way of telling you that you made a bad trade Qunicy gave a good explanation of placing an initial S/L another quick and dirty method is to use the synergy APB with PAC and place your S/L on the opposite side of the PAC. Once you've worked out your S/L the TP is an easy calculation based on risk/reward. You should look for a R:R of at least 1:1 so if your S/L is 50 pips you need space for price to move 50 pips or more. If there is no free space for price to travel to your...
I completely agree. I think i might have been placing my SLs wrong the entire time. Losing about 3/5 trades within seconds on small small losses, but the odd 2 profits make up for it. Would like to optimize though, and learn to place it better. Or learn to spot bad trades better.

So far ive just been acting on every signal from the indicator with a quick glance at the higher TFs for continuity in the direction then placing a small test trade into that flow. Usually its the 1H/4H or at times 1H/4H and 1D that match up in direction, but other times its only the former two, and the 1D says something else. That still kind of confuses me as to why.

Could you please elaborate on PAC? I have Synergy, gonna have a look at what exactly it does and if i can tweak settings to my style.

Thanks again
  • #3,956
  • Jul 21, 2016 10:56am Jul 21, 2016 10:56am
does anyone here use mehdi indicator in the time frame h1
if there is, whether using the same method
  • #3,957
  • Jul 21, 2016 11:00am Jul 21, 2016 11:00am
Quoting sosro
does anyone here use mehdi indicator in the time frame h1 if there is, whether using the same method
If you use sevan62's indicator on a 1H chart it should automatically attempt to use method 2 and alert from there (i think so? just read a bit further up). I opened the indi on a 1, 4 and D chart and minimised them in the back with another screen as the main to evaluate when a signal comes through. Ive been getting alot of 1H alerts, pretty much on the hour, no 4H ones or higher so far (or perhaps some of them were and i just didnt notice).

Hope it helps
  • #3,958
  • Jul 21, 2016 11:12am Jul 21, 2016 11:12am
Quoting TheRidDler
{quote} I completely agree. I think i might have been placing my SLs wrong the entire time. Losing about 3/5 trades within seconds on small small losses, but the odd 2 profits make up for it. Would like to optimize though, and learn to place it better. Or learn to spot bad trades better. So far ive just been acting on every signal from the indicator with a quick glance at the higher TFs for continuity in the direction then placing a small test trade into that flow. Usually its the 1H/4H or at times 1H/4H and 1D that match up in direction, but other...
PAC = price action channel (the yellow lines running either side of the APB) Can also be used to confirm an entry and exit. It's built into the synergy_pro_APB
Never argue with a fool; onlookers may not be able to tell the difference.
  • #3,959
  • Jul 21, 2016 11:15am Jul 21, 2016 11:15am
Quoting Lookleft
{quote} PAC = price action channel (the yellow lines running either side of the APB) Can also be used to confirm an entry and exit. It's built into the synergy_pro_APB
Thank you kindly!
  • #3,960
  • Jul 21, 2016 11:18am Jul 21, 2016 11:18am
Quoting TheRidDler
{quote} If you use sevan62's indicator on a 1H chart it should automatically attempt to use method 2 ...
I have to clarify the algorithm. Indicator do not chose method 1 or 2 automatically depending on the chart TF it is attached to. Reading this thread I've noticed that some traders apply method#2 to D1 too that is why you have to chose the methods you want manualy. I hope it is not hard to do but improve indicators flexibility.
BR, alex
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