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Monitor for 'Trading Made Simple' system 565 replies

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

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Trading Made Simple

  • #78,021
  • Mar 22, 2017 9:08pm Mar 22, 2017 9:08pm
Quoting hards
{quote} With proper Money Management you can build a very sound and successful Forex business on 50% ratio.
What is your sound strategy that you can vouch for hards?
  • #78,022
  • Mar 22, 2017 10:45pm Mar 22, 2017 10:45pm
Emm - Thank you for validating my premise. My own conclusion concurs: trade relative to the chart data that you are working with. That said, a slight preference to allowing the noise of the LO subside, therefore a new H4 candle at the start of the 2nd or 3rd hour after LO might yield less whip sawed entries.
  • #78,023
  • Mar 22, 2017 11:25pm Mar 22, 2017 11:25pm
Forex Trading is simple for those who learns a lot to become successful in Forex.
  • #78,024
  • Mar 22, 2017 11:49pm Mar 22, 2017 11:49pm
Quoting faatkumo
still haven't come across one its been years.
What type of result (win %) have you found???
  • #78,025
  • Mar 23, 2017 12:00am Mar 23, 2017 12:00am
Quoting Kopan
Emm - Thank you for validating my premise. My own conclusion concurs: trade relative to the chart data that you are working with. That said, a slight preference to allowing the noise of the LO subside, therefore a new H4 candle at the start of the 2nd or 3rd hour after LO might yield less whip sawed entries.

Hi Kopan,

here is the latest example using two different brokers server time and H4 setup for entry.

there is always a reason to enter the market - price action and mechanical.

Attached Image (click to enlarge)
Click to Enlarge Name: EUAUD Mar 23 H4 setup PA.png Size: 63 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,026
  • Edited 12:11am Mar 23, 2017 12:01am | Edited 12:11am
Yeah!
I have a simple system, which can make to a max of 100% in a calender month depding up on setting. Its a smiple martingale method, but with no TP setting, but close with signal, suitable for M15 chart, can trade any currency pair.If anyone like pls reply.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 55 KB
Click to Enlarge Name: GBPJPYM15-2.png Size: 57 KB
  • #78,027
  • Mar 23, 2017 12:07am Mar 23, 2017 12:07am
Quoting emmanuel7788
{quote} Hi Kopan, here is the latest example using two different brokers server time and H4 setup for entry. there is always a reason to enter the market - price action and mechanical. {image}
emm..
could you tell me where i can get indi that show pips you got like on your chat ?

thank you
only 100 pips / week
  • #78,028
  • Mar 23, 2017 12:18am Mar 23, 2017 12:18am
Quoting nefilim
{quote} emm.. could you tell me where i can get indi that show pips you got like on your chat ? thank you

that is my own trading tools - a realtime running strategy tester which shows the entry and exit according defined rules set in the tester.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,029
  • Mar 23, 2017 12:43am Mar 23, 2017 12:43am
Quoting emmanuel7788
{quote} 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,...
Hi emmanuel
Thank you very much, just wanted an idea of how long the test would run, thank for clarifying that.

I wanted to see what kind of results came out, im new to this and trying to learn everyday. I have downloaded a file called TDI with alerts.mq4 and wanted to see what it actually does, im still learning to read charts, candles and do analysis so in conjunction with that using some indicators with signals etc helps understand why it is done. I have seen and read in this forum that even though signals indicators may show something its not 100% correct so trying to back as this forum has emphasized to look at what really the indicators do and whether it works.

I would appreciate if some of the senior traders using TDI posts current charts with their thoughts so newbies like myself can understand how some of the tools are actually implemented. Like I have seen a semaphore indicator but after reading for like 2 hours yesterday still don't have a clear understanding, what do the numbers 1,2,3 actually represent?

I have a long way to go and I would like to thank everyone here for sharing their knowledge and experience.
  • #78,030
  • Edited 3:06am Mar 23, 2017 1:18am | Edited 3:06am
Quoting Dempip
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...
Dempip.
Want this method to work start with the indicator's that BigE used. When understanding this method, then fine tune it to what work's for you. To explain all the indicators not going to happen for it has been ask and answered over and over. This strategy can be used on any platform and time frame. Recommend time are H1, H4 Trade the hours you like.

Did you used this method?
https://www.forexfactory.com/showthr...12#post9679712. You would have found similar post's.
https://www.forexfactory.com/showthr...36#post8688936
Original indicators
Post#25 or https://www.forexfactory.com/showthr...91#post8673591
TDI:
E.A.S.Y.Method.pdf
TDI Cross.pdf
TDI How to replicate the.pdf
TDI_Tradestation.pdf
Synergy Average Price Bar.pdf
Synergy_Pro_Ebook_v.5.12(USER_GUIDE).pdf -- (highly recomand to read https://www.forexfactory.com/showthr...94#post8954694)
Synergy Average Price Bar.pdf
Stochastic:
Some member's use stoch some dont. Stochhastic is only used for direction in this method that is all you need to know about know Stochastic (8.3.3).
https://www.forexfactory.com/showthread.php?t=103884
https://www.forexfactory.com/showthread.php?t=437318
5EMA
https://www.forexfactory.com/showthr...30#post7505330

Did you read BigE's post's or any pdf (BigE full.pdf)
In plain English from BigE's post::
The key to this method is the Traders Dynamic Index indicator for entries and exits.
Stochastics (8,3,3) indicator. It is ONLY used to confirm direction. Nothing else.
Use Heiken Ashi candles... that's important.
TDI showing your entry set ups... green crossing red enter on that new PA candle
Entries:
Enter a trade when green crosses red on the TDI at the beginning of that candle
If it's candle 3 or more don't enter... find another trade set up.
The only exception is if green bounces off red and continues... it's ok to re-enter on the bounce...
Your safest trades will always be when green crosses red and you enter on candle 1 or 2... odds are in your favor.
Why?
Because I'm expecting 3-8 candles... which is average...
With bounce trades the odds are lower for your success... but it still works.
When wanting to enter a TDI trade... take a moment first to observe basic 4x things... like:
How close am I to the previous high or lo
Am I in an uptrend or downtrend.. short & long term...
Am I in or close to a consolidation area
Are the previous candles small...
Look at the candles on the last reversal... big, little, what
- TMS Candlestick Patterns in TMS.pdf
https://www.forexfactory.com/showthr...55#post9310755
How does the momentum look right now (12-2, 4-6)
https://www.forexfactory.com/showthr...43#post9212443 (Ignor the red line. My newbie mistake about red line. BigE did not care about the red line)
https://www.forexfactory.com/showthr...46#post9200446
https://www.forexfactory.com/showthr...74#post9200974
Does Stoch's confirm the TDI signal
The main entry rule is:
Green crossing red on the TDI within the first 2 candles for an entry...
I don't care what the red TDI line is doing.
Did Stoch's confirm the TDI signal between the 20-80 lines...?
The 12-2 and 4-6 is for the TDI and not the 5ema... that would just be a bonus...
If you meet the TDI entry rule it doesn't much matter where the 5 ema is in relation to the 1st two candles...
All this extra crap does nothing but confuse other traders and their success rate drops and they can't figure out why...
Everyone - Please stop adding anything... stick to the SIMPLE BASIC RULES.
That's what makes it work !

Exit:
When the green TDI line goes flat, starts to hook over or makes a check mark reversal
Exits...
Looking at your TDI... if you see:
1. TDI go flat
2. TDI start to hook over
3. TDI do a check mark reversal

Which direction to trade the TDI... Is it going up (long) or coming down (short)... that's the direction to trade.
A set up is NOT GREEN TOUCHING RED.
Why?
Many times green bounces back and the original direction continues. That's a bounce trade.
Wait for green to CROSS RED and open your trade at the beginning of the new candle. Usually candle 1 or 2.
A Normal entry is when green crosses red on the TDI (and you can actually see the green on the other side).
A bounce trade is when green gets close to red but bounces away and the original trade continues are good entries generally
I always look to the left for a possible res/sup level being near. If it's close I pass on the trade and go find another...

The question was concerning why not enter on candle # 3. In this example the TDI indicates taking the trade on candle # 1. Had you entered on candle # 3 you would have been two candles late for the CORRECT ENTRY. Because a reversal normal runs 3-8 candles we were fortunate it has run so many candles...
The idea about entering on candle 1 or 2 if you get the TDI signal is if it only goes 3 candles you should get on average at least some profit... especially on higher time frames.
If you add other things it will influence your decisions... usually to your detriment. Don't try to complicate it thinking it can't be this easy. Important to study TDI entries on old charts, any time frame... Give yourself a chance and trade it like it's laid out

Not prepared do homework or study, member's will stop responding to your post's.
  • #78,031
  • Mar 23, 2017 1:35am Mar 23, 2017 1:35am
Quoting josh11
{quote} I can bet 100% he will never open a thread, watch and see....
  • #78,032
  • Mar 23, 2017 1:37am Mar 23, 2017 1:37am
Quoting Dempip
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...
Hi Dempip,

You can have three options:

Option #1: Go to this post link, read and follow that post.

https://www.forexfactory.com/showthr...80#post9661780

Option #2: Go to this post link, download and read those two pdfs files.

https://www.forexfactory.com/showthr...31#post9656031

Option #3: Click and read One, Two and Three


Everything explained simple and plain English

Next thin g you may want to do is set up you trading platform and template. Post a chart with you next post.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,033
  • Mar 23, 2017 1:45am Mar 23, 2017 1:45am
Quoting emmanuel7788
{quote} Hey Rick, I think that title "The Winning Edge" would be lead to high expectations and hence impossible to deliver in a public forum. The winning edge is something an individual trader has to work on and achieve on his/her own. Every trader must have a Blueprint for Trading Success , its like a roadmap and they must follow their own blueprint. I can of course contribute some of the things I learned which I have in my own roadmap. Nevertheless, I have included your suggestion into the the list of thread title below: .

Folks,

No more suggestions for the title for a new Trading Made Simple thread?

so far, only these 20 below:

Trading Made Simple new thread name
CREAM (TheRock)
Resourceful Trading (Renata)
Trading Smarter (Renata)
Trading to Win (Renata)
Components of a Winning Trade (mary4x)
Dynamic Trading with Emmanuel (mary4x)
Exploring New Paths for TMS (mary4x)
Emmanuel's TMS (heispark)
Emmanuel's Trading Made Simple (heispark)
Trading Made Simple from Emmanuel (heispark)
Trading Made Simple v2.0 (heispark)
New Trading Made Simple (heispark)
Trading Made Simple Reloaded (heispark)
Emmanuel's Forex Boot Camp (heispark)
Emmanuel's Playground (heispark)
The Elastic Method (Nik-Nyc)
The stair-step method (Nik-Nyc)
"the complete system" (Leeeta)
Trading Made Simple v2.0 (Saygin-TR)
“The Winning Edge” (RickM)

Be patient folks, "Rome wasn't built in one day".

meantime, just focus in your own trading and build your confidence.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,034
  • Mar 23, 2017 2:37am Mar 23, 2017 2:37am
@Tekkies https://www.forexfactory.com/showthr...69#post9698769

Thank you very much, a much needed starting point for newbies.

For us newbies please click on the attachments icon at the top of the page(highlighted in picture), you will find all the indicators and documents there. Build your template post a pic and we can help each other confirm if our setups are correct and then we can start testing what we have learnt.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 13 KB
  • #78,035
  • Mar 23, 2017 3:07am Mar 23, 2017 3:07am
Quoting emmanuel7788
{quote} Hi Kopan, here is the latest example using two different brokers server time and H4 setup for entry. there is always a reason to enter the market - price action and mechanical. {image}

Before:

Attached Image (click to enlarge)
Click to Enlarge Name: EUAUD Mar 23 H4 setup PA.png Size: 63 KB


Now at London Open hour:

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD Mar 23 London Open hour.png Size: 48 KB


Different broker server time, different H4 candle, ... it does not matter really.

There are different ways to get into the market.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,036
  • Mar 23, 2017 3:22am Mar 23, 2017 3:22am
Quoting emmanuel7788
{quote} Folks, No more suggestions for the title for a new Trading Made Simple thread? so far, only these 20 below: Trading Made Simple new thread name CREAM (TheRock) Resourceful Trading (Renata) Trading Smarter (Renata) Trading to Win (Renata) Components of a Winning Trade (mary4x) Dynamic Trading with Emmanuel (mary4x) Exploring New Paths for TMS (mary4x) Emmanuel's TMS (heispark) Emmanuel's Trading Made Simple (heispark) Trading Made Simple from Emmanuel (heispark) Trading Made Simple v2.0 (heispark) New Trading Made Simple (heispark) Trading...
My suggestions are "Emmanuel's super system" or "evolutionary TMS"

Okoso
  • #78,037
  • Mar 23, 2017 3:27am Mar 23, 2017 3:27am
Quoting okoso
{quote} My suggestions are "Emmanuel's super system" or "evolutionary TMS" Okoso

I love Steve Jobs,

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,038
  • Mar 23, 2017 3:51am Mar 23, 2017 3:51am
Quoting emmanuel7788
{quote} I love Steve Jobs, {image}
Then way do you flame me every time I use the phase "Keep It Simple"?
  • #78,039
  • Mar 23, 2017 4:18am Mar 23, 2017 4:18am
Quoting emmanuel7788
{quote} Folks, No more suggestions for the title for a new Trading Made Simple thread? so far, only these 20 below: Trading Made Simple new thread name CREAM (TheRock) Resourceful Trading (Renata) Trading Smarter (Renata) Trading to Win (Renata) Components of a Winning Trade (mary4x) Dynamic Trading with Emmanuel (mary4x) Exploring New Paths for TMS (mary4x) Emmanuel's TMS (heispark) Emmanuel's Trading Made Simple (heispark) Trading Made Simple from Emmanuel (heispark) Trading Made Simple v2.0 (heispark) New Trading Made Simple (heispark) Trading...
Perhaps : TMS Evolution ?

Cheers
Don't limit yourself!!
  • #78,040
  • Mar 23, 2017 4:48am Mar 23, 2017 4:48am
Quoting emmanuel7788
{quote} Before: {image} Now at London Open hour: {image} Different broker server time, different H4 candle, ... it does not matter really. There are different ways to get into the market.

Yes - it was disconcerting when my chart was not matching up with others that I was seeing, hence I needed to understand if it made a difference or not.
Same study/comparison can be made with the D1 candle start time as those candles will look different throughout the week as well based on Broker time.
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