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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

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Trading Made Simple

  • #78,261
  • Mar 29, 2017 4:28am Mar 29, 2017 4:28am
Quoting mazibee
Took two trades last night (plan for SE/SE) (I am in the learning process so comments will be appreciated) {image} {image}


Looking at both your charts, I see that GBPUSD has better potential with the support much further away from the 5-Method setup.

Read this old post#2912 by Big E - he traded two methods - 21/233 Method and the 5-Method which we discuss here in this thread.

He did mentioned that when he was trading the 5-Method, it was one entry and one exit but if he was trading more than one lot, he would do multiple entries. This is what scaling in trades is all about to maximize profits.
For your trades, you can consider to scale-in with more trades when the market runs in your favour. The question is when and where to scale-in more trades.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,262
  • Mar 29, 2017 5:00am Mar 29, 2017 5:00am
Quoting emmanuel7788
{quote} Looking at both your charts, I see that GBPUSD has better potential with the support much further away from the 5-Method setup. Read this old post#2912 by Big E - he traded two methods - 21/233 Method and the 5-Method which we discuss here in this thread. He did mentioned that when he was trading the 5-Method, it was one entry and one exit but if he was trading more than one lot, he would do multiple entries. This is what scaling in trades is all about to maximize...
Thanks Emmanuel for your guidance. ( Need to learn a lot)

Currently I am trying to master 5-Method with single entry/single exit SE/SE on D1 due to my job restraints ( Today a bit free so looking at H4 also)

In the meantime I am studying your old posts/pdfs explaining Scaling in Trades, Scaling out trades, what is average up, average down and making my notes.
My plan eventaully is to shift to D1 with ME/ME.
  • #78,263
  • Edited 6:10am Mar 29, 2017 5:26am | Edited 6:10am
Quoting swc
For people just starting out and looking to build confidence, I do not advocate breaking the rules and not sticking to the strategy. I've been trading for over 3 years, I've traded various strategies and time frames and spent a lot of money on education but with limited success. For the most part, my lack of success has been down to my own lack of discipline. I now recognise that this has been a common thread throughout my life, which has affected my trading. However, I believe that with determination, belief and persistence you can find a system...
I am interested in your 15M 5&20EMA. Since I am a junior member I am not able to sending message to you here in FF. Please share yours to my email { email address deleted by staff }. Thank you.
  • #78,264
  • Mar 29, 2017 10:25am Mar 29, 2017 10:25am
Quoting v2vboni
{quote} try the one that was posted here by fxtrader himself ... I tested it and it works on all timeframe
Thanks V2vboni,

Turns out the alert was popping up because of the ADR indicator that I had installed.
Once I remove it, it seems fine.
Thanks for your help.
Btw would you happen to have the link to the indicator which shows in red and green arrows up or down for the different timeframes.
Seen a few traders here use it and it would be helpful as you can easily see the trend for the different timeframes at one glance. and dont need to switch charts.
Also what is BRN?
Thanks in advance

Quoting Tekkies
{quote} Name of indicator?
It was for the FXDaytrader2015 TDI version but turns out it wasnt causing the problem.
It was my ADR indicator.
Thanks for your help!
  • #78,265
  • Mar 29, 2017 4:37pm Mar 29, 2017 4:37pm
TMS trade.

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  • #78,266
  • Mar 29, 2017 7:01pm Mar 29, 2017 7:01pm
Quoting mazibee
{quote} Thanks Emmanuel for your guidance. ( Need to learn a lot) Currently I am trying to master 5-Method with single entry/single exit SE/SE on D1 due to my job restraints ( Today a bit free so looking at H4 also) In the meantime I am studying your old posts/pdfs explaining Scaling in Trades, Scaling out trades, what is average up, average down and making my notes. My plan eventaully is to shift to D1 with ME/ME.
Excellent!

First, you learn the 5-Method and practice, practice, practice, ... until you have that burnt into your brain.

Next steps,
- you study the various Money Management strategies that professional traders use.
- you study various Entry and Exits strategy for trading different timeframes - M15, H1, H4 and D1.

You then blend all these into a "new trading system" and make it work for your individual own winning system that fits you. There is no one solution fits all in trading made simple. What is simple to one is not simple to another different person.

Read all of Big E posts, he did that himself and created two methods - 21/233 Method and this 5-Method from other people's system.

You biggest challenge will be in the Mental Fitness department.

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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,267
  • Edited 10:33pm Mar 29, 2017 10:02pm | Edited 10:33pm
Quoting wildcard
{quote} Thanks V2vboni, Turns out the alert was popping up because of the ADR indicator that I had installed. Once I remove it, it seems fine. Thanks for your help. Btw would you happen to have the link to the indicator which shows in red and green arrows up or down for the different timeframes. Seen a few traders here use it and it would be helpful as you can easily see the trend for the different timeframes at one glance. and dont need to switch charts. Also what is BRN? Thanks in advance {quote} It was for the FXDaytrader2015 TDI version but...
hello wildcard,

You may need to visit the following thread here (binned thread of TMS angleator by GS) or here (TDI & TMS Angleator mod by v2v) in order for you to download the said indicator and post there your technical questions.

regards,
v2v
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,268
  • Mar 30, 2017 12:10am Mar 30, 2017 12:10am
Hello,

imo AUDUSD made a nice setup, I don't trade it because I'm in AUDNZD long. COT seems to bee bullish but around 0.7740 SR-Zone maybe first stop

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  • #78,269
  • Edited 6:41am Mar 30, 2017 2:08am | Edited 6:41am
Quoting Deichkind
Hello, imo AUDUSD made a nice setup, I don't trade it because I'm in AUDNZD long. COT seems to bee bullish but around 0.7740 SR-Zone maybe first stop {image}
...still looking bullish or a lurking pull-back (maybe a fakey one)...
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...update, I traded AU earlier, so far... just okay.
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,270
  • Mar 30, 2017 3:11am Mar 30, 2017 3:11am
Quoting Deichkind
Hello, imo AUDUSD made a nice setup, I don't trade it because I'm in AUDNZD long. COT seems to bee bullish but around 0.7740 SR-Zone maybe first stop {image}
Hi Thorsten .

...as I said last evening in the "TMS D1 Skype ":

EN short.. my bot already opened a position .. gridsize is 50 -- multi entry .. max 5 trades to Hard SL

Reason for entering was the div, a new high.... after a possible entry 13 candles back .( Mannomann , ist das Denglish ??) .. sry for my strange english ^^

Im still not happy with my ordertool ...
.. demopippin !!... collecting experience with ME !!

Stay tuned
Guido
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Risiko birgt immer auch die Chance.
  • #78,271
  • Mar 30, 2017 3:57am Mar 30, 2017 3:57am
Quoting emmanuel7788
Back-testing EA for TDI-cross: go to this thread and use that EA by Xaphod. https://www.forexfactory.com/showthread.php?t=349418 If you know how to read mql4 code, you cn nmake changes for your own backtesting conditions any way you want, any form you want, any how you want. let that EA teach you which are the good cross and which ones are not good crosses to trade. Do Not trade live using that EA. Just run that over the weekend when market is closed and practice, learn, tweak it, etc. I did that for long time and coded my own back-test...
Hi emm,

Ive downloaded the EA in the link and i paste all in my Expert folder. Then i restart the MT4 and drag the EA from my expert advisor but nothing seems to appear. I even download the indicator Traders_Dynamic_Index.mq4 in the Xapdod post. Is there anything that i forgot to put in or setting?. i tried both in xaphod post and nothing happen.

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Thank you very much and looking forward to hearing from you

Regards,
Miner88
  • #78,272
  • Mar 30, 2017 4:42am Mar 30, 2017 4:42am
Quoting Miner88
{quote} Hi emm, Ive downloaded the EA in the link and i paste all in my Expert folder. Then i restart the MT4 and drag the EA from my expert advisor but nothing seems to appear. I even download the indicator Traders_Dynamic_Index.mq4 in the Xapdod post. Is there anything that i forgot to put in or setting?. i tried both in xaphod post and nothing happen. {image} Thank you very much and looking forward to hearing from you Regards, Miner88

Have you run an expert advisor before on that PC MT4?

watch this video :

Inserted Video


also you must go to the menu... Tools/Options/Expert Advisor tab and make sure your select Allow Automated trading.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,273
  • Edited 8:00am Mar 30, 2017 7:49am | Edited 8:00am
EURAUD... I closed my trade earlier today... but this pair keeps going down...

Thus, I traded it once again...
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...meanwhile on UJ : Long on H4 >>> TDI bounce
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Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #78,274
  • Mar 30, 2017 9:06am Mar 30, 2017 9:06am
Quoting v2vboni
{quote} ...still looking bullish or a lurking pull-back (maybe a fakey one)... {image} ...update, I traded AU earlier, so far... just okay. {image}
Its good to see that you make a note on the PRICE BASE LINE which I mentioned in a previous post
  • #78,275
  • Mar 30, 2017 9:33am Mar 30, 2017 9:33am
Quoting emmanuel7788
{quote} Have you run an expert advisor before on that PC MT4? watch this video : https://www.youtube.com/watch?v=Io1R_kKn0ig also you must go to the menu... Tools/Options/Expert Advisor tab and make sure your select Allow Automated trading.
Thanks emm. It seems like working already but im not sure that my tdi setting at this indicator is correct or not..

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Other than that, im not sure how to use my ea to back testing. What should i do now? never use EA before so i have no clue on it. Please teach me.. Thank you very much.

Regards,
Miner88
  • #78,276
  • Mar 30, 2017 9:51am Mar 30, 2017 9:51am
quote=v2vboni;9722588]EURAUD... I closed my trade earlier today... but this pair keeps going down... Thus, I traded it once again... {image} ...meanwhile on UJ : Long on H4 >>> TDI bounce {image}[/quote]

Hi Boni, can you share the template for this currect chart, thx
  • #78,277
  • Mar 30, 2017 10:34am Mar 30, 2017 10:34am
Hi all,

just got back from work looking to maybe enter a trade. M30 looks to pull back. H1 TDI above 68 and 7th candle already looking smaller. thinking of going long if H4 candle closes above yellow band. D1 looks to be closing higher even though TDI is in 68 range and green below red, thought this was a trend change but looking like im wrong. M15 looks to close below yellow band and TDI green looks to crossing yellow.

These are just my observations using some of the rules mentioned in the thread. any advice from you guys would be appreciated.

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  • #78,278
  • Mar 30, 2017 10:50am Mar 30, 2017 10:50am
Quoting v2vboni
EURAUD... I closed my trade earlier today... but this pair keeps going down... Thus, I traded it once again... {image} ...meanwhile on UJ : Long on H4 >>> TDI bounce {image}
Thanks v2vboni

Would love to know what indicator you are using for your charts that you have attached
If you dont mind would be great if you share it here
  • #78,279
  • Mar 30, 2017 10:58am Mar 30, 2017 10:58am
Quoting wildcard
{quote} Thanks v2vboni Would love to know what indicator you are using for your charts that you have attached If you dont mind would be great if you share it here
In the right corner of this thread, click on the paperclip..
YouŽll find all indicators there .

Stay tuned
Guido
Risiko birgt immer auch die Chance.
  • #78,280
  • Mar 30, 2017 11:04am Mar 30, 2017 11:04am
Quoting Sesamstrasse
{quote} In the right corner of this thread, click on the paperclip.. Youll find all indicators there . Stay tuned Guido
Thank you Guido
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