Trading Made Simple | Page 3673 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Monitor for 'Trading Made Simple' system 565 replies

Trading Made Simple the right way, and other trading lessons 334 replies

Indicators for the 'Trading Made Simple' system 343 replies

MTF Indicators for the 'Trading Made Simple' system 241 replies

Trading Made Simple system follower - Thanks to eelfranz 9 replies

Attachments: Trading Made Simple
Exit Attachments

Trading Made Simple

  • #73,441
  • Nov 18, 2016 10:46am Nov 18, 2016 10:46am
Quoting Victorson
I'm always outdoor for a better part of the day and don't really move around with a laptop, pls can this methodology be used effectively on a mobile?
look here - http://www.forexfactory.com/showthre...89#post9115489
but there is no HA indicator in Mt4 Mobile...
  • #73,442
  • Nov 18, 2016 1:09pm Nov 18, 2016 1:09pm
So, I got 50% of what I hoped for today - an opportunity to add to existing GBP/USD shorts. All positions closed with 2.25% increase for the week :-)

Inserted Video
  • #73,443
  • Nov 18, 2016 1:16pm Nov 18, 2016 1:16pm
Quoting Daniel 777
So, I got 50% of what I hoped for today - an opportunity to add to existing GBP/USD shorts. All positions closed with 2.25% increase for the week :-) https://www.youtube.com/watch?v=RHfQ...ature=youtu.be
Nice trades Daniel!! Have a good weekend and enjoy
It's in fear when people show what they truly value.
  • #73,444
  • Nov 18, 2016 1:20pm Nov 18, 2016 1:20pm
Quoting hsn100
{quote} Hi emmanuel7788! yes we all learn from our teachers, update: UJ trade TP hit 363 pips. {image} GA D1 trade.... {image} AU D1 trade... {image}
Hi hsn100,

great D1 trades!

I have tried to comprehend your entries, but my TDI looks very different from yours, no matter what settings I use (Big E or Pro). Please compare my chart below with your UJ chart.... Your entry TDI cross is above 50 and at the same level as MBL, both TDIs on my chart are at 50 and below MBL. I consider this not as a minor difference, and I don't know if there is something wrong with my TDIs...

Could you please share your TDI settings?

Thx and regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB
Best regards, blackfriday
  • #73,445
  • Nov 18, 2016 1:45pm Nov 18, 2016 1:45pm
Can someone clarify for me if the TMS-Matrix RSI Signal Line Period is supposed to be set to 3 or 2?
The starting point of all achievement is desire.- Napoleon Hill
  • #73,446
  • Nov 18, 2016 3:10pm Nov 18, 2016 3:10pm
Quoting blackfriday
{quote} Hi hsn100, great D1 trades! I have tried to comprehend your entries, but my TDI looks very different from yours, no matter what settings I use (Big E or Pro). Please compare my chart below with your UJ chart.... Your entry TDI cross is above 50 and at the same level as MBL, both TDIs on my chart are at 50 and below MBL. I consider this not as a minor difference, and I don't know if there is something wrong with my TDIs... Could you please share your TDI settings? Thx and regards, {image}
Try loading your TDI RT with the default settings : 13,0,34,2,0,7,0. Im pretty sure that is what HSN100 is running.

I'm running the pro TDI with a setting a 10. HSN100 has taken several trades that I could have not entered with my TDI. Has anyone ran a lengthy backtest with both settings? I believe from numerous posts Emmanual and others are using the Pro TDI or Pro setting (10,5,34,3,1,7,0).
Successful people do what unsuccessful people are not willing to do
  • #73,447
  • Edited 8:05pm Nov 18, 2016 7:32pm | Edited 8:05pm
Quoting blackfriday
{quote} Hi hsn100, great D1 trades! I have tried to comprehend your entries, but my TDI looks very different from yours, no matter what settings I use (Big E or Pro). Please compare my chart below with your UJ chart.... Your entry TDI cross is above 50 and at the same level as MBL, both TDIs on my chart are at 50 and below MBL. I consider this not as a minor difference, and I don't know if there is something wrong with my TDIs... Could you please share your TDI settings? Thx and regards, {image}

Quoting TampaFX
{quote} Try loading your TDI RT with the default settings : 13,0,34,2,0,7,0. Im pretty sure that is what HSN100 is running. I'm running the pro TDI with a setting a 10. HSN100 has taken several trades that I could have not entered with my TDI. Has anyone ran a lengthy backtest with both settings? I believe from numerous posts Emmanual and others are using the Pro TDI or Pro setting (10,5,34,3,1,7,0).
1.) Understand each of the TDI setting parameter and what it shows.
2.) Compare different settings combination and do your own back-testing. Go back to your chart history data (as far back as possible to 2008 to 2016).
3.) Decide on one setting and stick to that in your forward testing and live trading. Write your own rules for Entries and Exits.
4.) Do Not trade simply based on the TDI as your 'signal'. Instead use the TDI to confirm the trade setup.
5.) Your trade setup is based on Price Action and Support/Resistance (Post#647) before you take a TDI 'signal'.

To pull the trigger, make sure to keep your trading rules few and simple. If your rules is more than your 10 fingers can count, you have too many rules. Keep to 5 basic rules so that you can pull the trigger much easier.

Always do your top down analysis before you start your trading month, week, day, etc. and have a Big Picture of the market before you start to look for trades. Always have a trade plan and at all times. Once you have done this, pulling the trigger will become intuitive.

Our job as traders is to perform the various tasks for trading. Write down your trading tasks for every phase/stage of your trading and follow them. Be focus in performing your trading tasks and Do Not let discussions in public forum affect you and distract you from your trading tasks.

It is coming to year end soon, time to take stock of what you have learned this year and analyse your trading performance at the year end.

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,448
  • Edited 8:15pm Nov 18, 2016 7:38pm | Edited 8:15pm
Quoting StarGazer2
Can someone clarify for me if the TMS-Matrix RSI Signal Line Period is supposed to be set to 3 or 2?

What difference will that make if you set the RSI PL data period to 3 or 2?

Place two instances of the same indicator on to the same chart and observe what the differences in realtime market.

OR

you can run this in your MT4 strategy tester and learn it much quicker in one just weekend.

create your chart with one instance of the same indicator, save that as your template "tester.tpl" so that it will run in your strategy tetster.
when you start you strategy tester, you select "Indicator" option to test the same indicator but you have the option to make changes to the properties to test.
Run and observe the difference.

Enjoy.

Edit

below tester result
Attached Image (click to enlarge)
Click to Enlarge Name: TMS Matrix compare 2 and 3.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,449
  • Nov 18, 2016 7:57pm Nov 18, 2016 7:57pm
Quoting emmanuel7788
{quote} Hi, Only exit strategy 1) and 3) and they are always based on the market conditions and equity health. The trader must manage his/her trading psychology to make his/her way of trading. regards,
Thanks Emmanuel. After fighting around 3 months, I found H4 swing trade with MEME fits me well. And got the first good week. Thanks again, my mentor.

Next step is to create my own trader manager to help avoid trade mistakes and improve efficiency. Will research MPTM this weekend.

muyir
Trade your belief, trade like Emmanuel
  • #73,450
  • Nov 18, 2016 8:10pm Nov 18, 2016 8:10pm
Quoting muyir
{quote} Thanks Emmanuel. After fighting around 3 months, I found H4 swing trade with MEME fits me well. And got the first good week. Thanks again, my mentor. Next step is to create my own trader manager to help avoid trade mistakes and improve efficiency. Will research MPTM this weekend. muyir
just a tip on using MPTM as trade manager.

MPTP can manage trades with magic number of EAN and also by trade Comment.

this means you have to use a script to place your market orders, limit and stop orders so that MPTM can manage these trades as a basket using either the trades EAN or Comment fields.

the EAN or magic number and the Comment must be unique. These will allow you to evaluate all your trades completed by currency pair, EAN or Comment.

you will find more discussions and help at the website home for MPTM.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,451
  • Nov 19, 2016 1:08am Nov 19, 2016 1:08am
Quoting blackfriday
{quote} Hi hsn100, great D1 trades! I have ...... Could you please share your TDI settings? Thx and regards, {image}
Hi blackfriday! i'm using the old version of tdi posted by BigE on first page of this thread, its settings are 13,0,34,2,0,7,0. Different traders in this thread are using different version, it all depends on ones own priority and it's important to "feel comfortable" whatever indicator we are using. I'm comfortable with this tdi because of it's angle, and most of my trades are based on it. However, first of all i look left for a possible support/resistance, the momentum of PA and then i enter in a trade. Hope this helps.
Happy weekend to all
Regards,
Winners Never Quit, Quitters Never Win
  • #73,452
  • Nov 19, 2016 1:25am Nov 19, 2016 1:25am
last ga trade i think h4 entry u
Quote
hsn100
  • #73,453
  • Edited 2:00am Nov 19, 2016 1:48am | Edited 2:00am
Quoting hsn100
{quote} Hi blackfriday! i'm using the old version of tdi posted by BigE on first page of this thread, its settings are 13,0,34,2,0,7,0. Different traders in this thread are using different version, it all depends on ones own priority and it's important to "feel comfortable" whatever indicator we are using. I'm comfortable with this tdi because of it's angle, and most of my trades are based on it. However, first of all i look left for a possible support/resistance, the momentum of PA and then i enter in a trade. Hope this helps. Happy weekend to...
same here hsn100 - i found that once i mastered it there was no need 2 change it ...... i kept study'n it in diff market conditions & this gave me the experience [PA write its signature on the cross] ....... never a better ex than wat happened this month [but entry rules had 2 get stretched cause of red news ] .........
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 18 KB
  • #73,454
  • Nov 19, 2016 3:41am Nov 19, 2016 3:41am
Quoting hsn100
{quote} Hi blackfriday! i'm using the old version of tdi posted by BigE on first page of this thread, its settings are 13,0,34,2,0,7,0. Different traders in this thread are using different version, it all depends on ones own priority and it's important to "feel comfortable" whatever indicator we are using. I'm comfortable with this tdi because of it's angle, and most of my trades are based on it. However, first of all i look left for a possible support/resistance, the momentum of PA and then i enter in a trade. Hope this helps. Happy weekend to...

I have questions,

how often do you re-start your MT4 trading platform?

do you refresh your charts when you have open trades?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,455
  • Nov 19, 2016 5:27am Nov 19, 2016 5:27am
Hi Emmanuel
When you trade h1 winch tp do you suggest?
I use 0.25 52days ADR is it ok or not
And you say when you hit sl have plan b and plan c could you please tell about your plan b
And very thanks.I read some 2016 your post about trade in h1 and h4 and very very useful I am still reading
  • #73,456
  • Nov 19, 2016 6:07am Nov 19, 2016 6:07am
Quoting mortezakh
Hi Emmanuel When you trade h1 winch tp do you suggest? I use 0.25 52days ADR is it ok or not And you say when you hit sl have plan b and plan c could you please tell about your plan b And very thanks.I read some 2016 your post about trade in h1 and h4 and very very useful I am still reading

Hi.

Do Not use 52 days ATR.
use 100-day ATR or use this indicator on your H1 chart when market open next week. Observe this indicator when the price move up and down on your H1 chart.

http://www.forexfactory.com/showthre...04#post7972304

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #73,457
  • Nov 19, 2016 6:37am Nov 19, 2016 6:37am
Discipline, Discipline, Discipline! Beware of the time frame your capable of trading. There were lots of 4hr bottoming action and 1hr reversal entries last week and I was suckered into a lot of them even though I don't have time to actively follow the short time frames and only to see the long term trend prevail. While I was a loser this past week, I have (hope) learnt that I must follow some of the more simple rules. This system is better as a trend following system and while it can be good at intra trend moves you must have the time and discipline to follow the shorter time frames.
  • #73,458
  • Nov 19, 2016 6:51am Nov 19, 2016 6:51am
Thanks.could you please tell about plan b
Thanks
Quoting emmanuel7788
{quote} Hi. Do Not use 52 days ATR. use 100-day ATR or use this indicator on your H1 chart when market open next week. Observe this indicator when the price move up and down on your H1 chart. http://www.forexfactory.com/showthre...04#post7972304 regards,
  • #73,459
  • Nov 19, 2016 12:19pm Nov 19, 2016 12:19pm
Quoting emmanuel7788
{quote} {quote} 1.) Understand each of the TDI setting parameter and what it shows. 2.) Compare different settings combination and do your own back-testing. Go back to your chart history data (as far back as possible to 2008 to 2016). 3.) Decide on one setting and stick to that in your forward testing and live trading. Write your own rules for Entries and Exits. 4.) Do Not trade simply based on the TDI as your 'signal'. Instead use the TDI to confirm the trade setup. 5.) Your trade setup is based on Price Action and Support/Resistance (Post#647)...
Quoting hsn100
{quote} Hi blackfriday! i'm using the old version of tdi posted by BigE on first page of this thread, its settings are 13,0,34,2,0,7,0. Different traders in this thread are using different version, it all depends on ones own priority and it's important to "feel comfortable" whatever indicator we are using. I'm comfortable with this tdi because of it's angle, and most of my trades are based on it. However, first of all i look left for a possible support/resistance, the momentum of PA and then i enter in a trade. Hope this helps. Happy weekend to...
Emmanuel, hsn100,

thank you for your reply. Emmanuel, I am aware that TDI is just an indicator following PA, and therefore PASR is always king. Some time ago I compared the different TDI settings and didn't find any significant advantages for any of them - at least not significant compared to my obvious mistakes in trading ;-). As cross above/below MBL is part of my trading rules, I still don't get the difference to hsn's UJ chart. Please see my comparison below.

On the left, you will see 3 TDIs, the repainting one Big E used, the non-repainting version, and the Pro settings. The differences between the repainting and non-repainting versions are clearly visible in the grey highlighted area. In the blue highlighted area, all 3 show a cross below MBL, while hsn's chart is showing the cross very close to/at MBL (which would match to my entry rules).

It's not a big problem, but I would like to know, how my indicator behaves / why there are such differences. Maybe I am completely lost or simply miss something.

Have a great Sunday all
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 131 KB
Best regards, blackfriday
  • #73,460
  • Nov 19, 2016 2:46pm Nov 19, 2016 2:46pm
Quoting PackRat22
Discipline, Discipline, Discipline! Beware of the time frame your capable of trading. There were lots of 4hr bottoming action and 1hr reversal entries last week and I was suckered into a lot of them even though I don't have time to actively follow the short time frames and only to see the long term trend prevail. While I was a loser this past week, I have (hope) learnt that I must follow some of the more simple rules. This system is better as a trend following system and while it can be good at intra trend moves you must have the time and discipline...
Thanks for this post. I was almost losing confidence in TDI this week as I also got into very nice TDI trade signals which instantly turned against me, even trading H4. Nice high sloped crosses, got in pretty fast 1-2nd candle, trend confirmed etc... and every time got losses...this was very frustrating. I might go into D1 trading as it seems H4 has had this problem often. Anyone else has this experience? Maybe this week was not a good week to trade H4? I saw a lot of trades where I got in and right after that gap up/downs happened suddenly in opposite direction where losses were created before the candle could close to draw conclusions to get out of the trade. Is the market too volitile for H4 trading right now?

thanks,
bunne
57 traders viewing now, 1 is registered:
Otherworldly