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Trading Made Simple

  • #78,001
  • Mar 22, 2017 1:33am Mar 22, 2017 1:33am
Quoting emmanuel7788
Very good D1 trade.
Thanks, Emm.

I had to close it early to cover for a failed GBPNZD sell to stay breakeven.

Quoting emmanuel7788
UJ broken below the previous 2 months lows, it is in sell zone. near term target is 110.70
Yes, it looks like it is going to have a good run.
  • #78,002
  • Mar 22, 2017 2:01am Mar 22, 2017 2:01am
Hi Deichkind,

Quoting Deichkind
Hello michael_k, what was your BPP/overall trend for this trade? regards
I did not do BPP (Big Picture Planning?), since it was not a part of the initial rules set out by Big E. I did look at the weekly which was also bearish at the time of opening this trade. Actually the weekly chart has a perfect TDI cross right now.

I set the take profit target based on the weekly chart of what looked to me as upper border of first resistance block (area around 109 / 108). I expected this trade to be closed by trailing stop, but had to close it early to compensate for the GBPNZD sell (a not particularly smart trade idea as it turned out).
  • #78,003
  • Mar 22, 2017 2:25am Mar 22, 2017 2:25am
Know your HA candles well and you will have a small edge over other traders who do not use the HA candles.

The real price OHLC will determine the HA candles open, close and its high and low.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar 22 H4 trade management.png Size: 32 KB


Looking at the PA at this moment, the trend is still strong.... but if this H4 bar has a lower high, so we pay attention when this H4 bar closes.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,004
  • Mar 22, 2017 4:07am Mar 22, 2017 4:07am
EURAUD Mar 22 H4 close with higher high and a Bullish Outside Bar BUOB

we follow the price momentum and manage the next H4 candle close in 4 hours.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar 22 H4 close HH BUOB.png Size: 24 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,005
  • Mar 22, 2017 4:10am Mar 22, 2017 4:10am
AUDJPY H1 strong sell with last candle close... safe to chase with HA candle management.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,006
  • Mar 22, 2017 5:22am Mar 22, 2017 5:22am
Still trying to determine if there is a better or worse "Broker Time" relative to the London Session. I will illustrate with a couple of pictures. As you can see depending on the "Broker Time" the PA candles can look very different at the same "GMT Time". The TDI is the same for both but if you are using the PA of the candles... ?

Broker 1


Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4 BROKER1.png Size: 56 KB


Broker 2

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4 BROKER2.png Size: 56 KB
  • #78,007
  • Mar 22, 2017 9:27am Mar 22, 2017 9:27am
nice ***JPY moves
  • #78,008
  • Mar 22, 2017 9:48am Mar 22, 2017 9:48am
Quoting rb077msk
nice ***JPY moves
Jpy move seems t be stalled atm
  • #78,009
  • Mar 22, 2017 11:19am Mar 22, 2017 11:19am
i've been using the synergy pro TDI, however find it very rare that crosses happen on second ABP candle,its almost always third or fourth candle

been using the default settings and haven't touched them

are default settings correct for this system?
  • #78,010
  • Mar 22, 2017 12:15pm Mar 22, 2017 12:15pm
beginning to believe there's no sound strategy (70%+ winning percentage) that has been consistent over months.
No proof i've witnessed yet with a live account.
I may very well be surrendering my membership to FF.
  • #78,011
  • Mar 22, 2017 12:23pm Mar 22, 2017 12:23pm
Quoting faatkumo
beginning to believe there's no sound strategy (70%+ winning percentage) that has been consistent over months. No proof i've witnessed yet with a live account. I may very well be surrendering my membership to FF.
With proper Money Management you can build a very sound and successful Forex business on 50% ratio.
True Grit!
  • #78,012
  • Mar 22, 2017 12:24pm Mar 22, 2017 12:24pm
Quoting shay14
i've been using the synergy pro TDI, however find it very rare that crosses happen on second ABP candle,its almost always third or fourth candle been using the default settings and haven't touched them are default settings correct for this system?
First or scond candle after TDI green crosses red.
  • #78,013
  • Mar 22, 2017 12:25pm Mar 22, 2017 12:25pm
still haven't come across one its been years.
  • #78,014
  • Mar 22, 2017 1:19pm Mar 22, 2017 1:19pm
Hi evryone

Been trying to use the strategy tester in MT4 and have a few questions.

1. how long should a test take? i know it depends on what date range you choose but just generally. EG. i wanted to see how it worked and chose an EA fgrom the market(demo) and ran the tester after downloading the historical data. Had the tester on for more than 24hrs using date range 1 nov 2016 to march 20 nad it didnt show any results the bar was 25% through.
2. I read that tester could be used to test EA's and indicators. Using it with a TDI indicator with signals and it doesnt show anything.

Im not sure what im doing wrong, some help please

Thank you
  • #78,015
  • Mar 22, 2017 1:31pm Mar 22, 2017 1:31pm
Quoting Nivian
Hi evryone Been trying to use the strategy tester in MT4 and have a few questions. 1. how long should a test take? i know it depends on what date range you choose but just generally. EG. i wanted to see how it worked and chose an EA fgrom the market(demo) and ran the tester after downloading the historical data. Had the tester on for more than 24hrs using date range 1 nov 2016 to march 20 nad it didnt show any results the bar was 25% through. 2. I read that tester could be used to test EA's and indicators. Using it with a TDI indicator with signals...
Do it manually. This post has 2*files at the bottom. Indicator in Indicator folder / Expert in Expert folder. Load the expert in. Be careful the expert is cabela to place live trades when used in a live account.
https://www.forexfactory.com/showthr...05#post9159505
  • #78,016
  • Mar 22, 2017 1:58pm Mar 22, 2017 1:58pm
Quoting shay14
i've been using the synergy pro TDI, however find it very rare that crosses happen on second ABP candle,its almost always third or fourth candle been using the default settings and haven't touched them are default settings correct for this system?
Check the setting's of the indicator. Depend also how the indicator is coded. You win some, you lose some.
Took the trade on the bouns.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPmicroH1.png Size: 67 KB
  • #78,017
  • Mar 22, 2017 5:22pm Mar 22, 2017 5:22pm
NZDCAD 4H Short, divergence + TDI cross
  • #78,018
  • Mar 22, 2017 6:28pm Mar 22, 2017 6:28pm
Hi Guys,

Thanks for all the responses and assistance. Wow, this is highly appreciated.

Could you please explain to me the different indicators ie what they mean. Is MT4 the only platform that this strategy can run on? I am currently using FXCM to demo. Also in Eric's earlier post, I think I read that he advised the 4 hr and 1 hour charts. I am based in the UK, how can this apply to the London trading hours.
Is there a simple explanation in plain English on the strategy and how it is to be applied?

Once again, thanks for helping this newbie getting started.
  • #78,019
  • Mar 22, 2017 6:39pm Mar 22, 2017 6:39pm
Quoting Nivian
Hi evryone Been trying to use the strategy tester in MT4 and have a few questions. 1. how long should a test take? i know it depends on what date range you choose but just generally. EG. i wanted to see how it worked and chose an EA fgrom the market(demo) and ran the tester after downloading the historical data. Had the tester on for more than 24hrs using date range 1 nov 2016 to march 20 nad it didnt show any results the bar was 25% through. 2. I read that tester could be used to test EA's and indicators. Using it with a TDI indicator with signals...

Hi Nivian,

1. how long period to back-test?
that depends on your objectives in doing back-testing and what results you want to analyse.
most traders look at the profitability of the strategy.
but there are also other data we need from the back-testing to help us make decisions in this business.

do know that back-testing takes a lot of run-time in your PC. If you back-test on D1 charts trading, and run 5 years of historical data, the back-tests may take several days to complete.


2. what do you want to see? if you want to see entries and exits, then use an expert advisor coded to test the entry and exit rules. this would be the easiest and simplest back-test EA.
But if you want to back-test, say for example scaling out of trades, the expert advisor must be able to do this according to pre-set parameters coded in the expert advisor.

If you want to learn by doing trade simulation, then it would be easy to run the TDI indicator in your strategy tester and manually do your trade simulation visually.
You can also use the simulator like LFH simulator which was posted here before or google in FF.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,020
  • Mar 22, 2017 6:58pm Mar 22, 2017 6:58pm
Quoting Kopan
Still trying to determine if there is a better or worse "Broker Time" relative to the London Session. I will illustrate with a couple of pictures. As you can see depending on the "Broker Time" the PA candles can look very different at the same "GMT Time". The TDI is the same for both but if you are using the PA of the candles... ? Broker 1 {image} Broker 2 {image}
Hi,

you are correct.
the H4 candles for different for different server time hence we will see different bar/candle pattern.

I decided to use the NY open as the preference for my PA analysis and trading. Comparing different broker with different H4 candles, the trade results may differ and I would not spend too much time to find a more profitabel one and rather be focus in my consistency in trading.
See chart below of the two different H4 candle and a back-test of the same entry and exit rules.

even on D1 chart, will be different number of days in one week. I use different brokers, one broker has 5 D1 candles per week and the other has the Sunday candle and I see 6 D1 candles per week.
If you have a Sunday candle, then there is a strategy to trade the Sunday candle too.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD GMT difference.png Size: 83 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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