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Trading Made Simple

  • #78,461
  • Apr 4, 2017 5:32pm Apr 4, 2017 5:32pm
Quoting mokuro89
{quote} hi zMinga It's a TOOL in form of EA, It's not supposed to be running alone all the time and taking decisions, It's supposed to be used in a specific market trending condition and manage the orders once the trader decide where to start (Setup candle, Continuation etc, in this case I decided to trade that setup on H4) and where to stop. This way we can spend our times more efficiently on what really matters that is the Analysis of the chart, deciding Wich TDI cross should or should not be traded (see this post...

Yes, that is correct. back-testing has its limitations.
Lets all do forward testing in live market - use demo account to test you money management strategy or better still use a live account with real money.

And why not run both forward testing with both demo and live account? Do you see any benefits to run both at the same time?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,462
  • Apr 4, 2017 5:47pm Apr 4, 2017 5:47pm
Quoting marionetka
{quote} Thanks your answers. I have jyst the problem with enters after close basket.

There should not be any problem when we have done our top down analysis and know the market condition we are trading in.
If there is a trend and our basket get closed, we can re-enter a new basket so long as the original trade setup has not been invalidated.
Remember what Big E said about exit when the TDI cross in the opposite direction.

https://www.forexfactory.com/showthr...42#post4765242

we don't have to exit using the TDI goes flat, hook back, make check mark, etc. anymore when there is a strong trending move.
use our own discretion when we trade.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,463
  • Apr 4, 2017 5:53pm Apr 4, 2017 5:53pm
Quoting Kwt4x
{quote} true to me too, but missing the 68 and 32 level is a setback to me. I already trained my eye's to identify lower high's and higher low's using the levels. so I guess we can't have it all

you can also have the RSI on the price chart with the Overbought and Oversold levels

this way, you have a full screen with no sub-window.

another way is have a 'floating TDI' where you can drag and drop to where you want on your big monitor screen.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,464
  • Apr 4, 2017 5:55pm Apr 4, 2017 5:55pm
Quoting ensale
Bias and sentiment weekend or EOD of day Fill sheet. Select from drop down list bullish/bearish, and your important Support/resistance levels + reasons for trade and risks for each currency traded. {image} {file} Edit and share as you wish.

Good idea!
I am going to make a new TMS Monitor to include this as feature.....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,465
  • Apr 4, 2017 6:24pm Apr 4, 2017 6:24pm
Quoting eelfranz
VBMark, I would have stayed in that trade to almost B.... Still plenty of room between the green and red line... Look at older charts and you'll see how the green line cycles like that....
AUDUSD Apr 5 D1 chart:

is this what Big E means by "..plenty of room between green and red"?

AUDUSD continuation trade ...

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD Week 14 Apr 5 D1 PAC setup.png Size: 45 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,466
  • Apr 4, 2017 7:05pm Apr 4, 2017 7:05pm
zMinga,
v2vboni,
ensale,
MichaelK,
Emmanuel,

In the last four for five pages ya-all have given a great deal to
shoot for.
I thank you greatly.

Frank
  • #78,467
  • Apr 4, 2017 7:10pm Apr 4, 2017 7:10pm
I forgot mokuro89.

He's one we really have to watch.

F
  • #78,468
  • Apr 4, 2017 7:15pm Apr 4, 2017 7:15pm
Quoting Frank0
zMinga, v2vboni, ensale, MichaelK, Emmanuel, In the last four for five pages ya-all have given a great deal to shoot for. I thank you greatly. Frank
this reminds me of when I started many years ago,

Attached Image (click to enlarge)
Click to Enlarge Name: African Proverb.png Size: 783 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,469
  • Apr 4, 2017 7:16pm Apr 4, 2017 7:16pm
Quoting Frank0
I forgot mokuro89. He's one we really have to watch. F

you missed 19 others too... who started in 2013 with me.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,470
  • Apr 4, 2017 7:25pm Apr 4, 2017 7:25pm
Quoting mizi123
PIps to been made tonight {image}

you are in the money...

from today on, should be checking every Day if there will be further move lower...
still a bit early to see that on D1 .... with 0.9300 is still holding the buyers on D1.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,471
  • Apr 4, 2017 10:28pm Apr 4, 2017 10:28pm
Quoting emmanuel7788
{quote} Yes, that is correct. back-testing has its limitations. Lets all do forward testing in live market - use demo account to test you money management strategy or better still use a live account with real money. And why not run both forward testing with both demo and live account? Do you see any benefits to run both at the same time?
Hi Emmanuel,

Demo trading is emotionless, while live trading is. I think the benefit can be you can compare the results of both and see which one is performing better. Am I correct? I will do this exercise when I go live.

Regards,

Okoso
  • #78,472
  • Apr 4, 2017 10:33pm Apr 4, 2017 10:33pm
Hello fellow traders,

Selling UJ, AJ, EJ worked yesterday and I see the same for today.

Thanks for your comments,

Okoso
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH105.04.17.png Size: 49 KB
  • #78,473
  • Apr 4, 2017 11:27pm Apr 4, 2017 11:27pm
Good day Fellow Traders

Started reading this thread short time ago, I was really impressed by the simplicity of the method stated by the OP in the first pages, then I jumped to the current pages and I noticed most participants are not trading anymore the way the OP used to do it.

I don't mean to be a hater, but does this mean the method as described in the beginning is not profitable?
That's why you had to use your own filters.

Maybe I'm jumping to conclusions too fast, will keep trying on demo next days.

Good luck with your trades.
  • #78,474
  • Apr 4, 2017 11:41pm Apr 4, 2017 11:41pm
Quoting okoso
{quote} Hi Emmanuel, Demo trading is emotionless, while live trading is. I think the benefit can be you can compare the results of both and see which one is performing better. Am I correct? I will do this exercise when I go live. Regards, Okoso
And you can test new ideas in demo account, while using your live account for proven ideas.

At least, when using EA´s for MEME, you should use them in demo first, until the worst bugs are corrected.
  • #78,475
  • Apr 4, 2017 11:48pm Apr 4, 2017 11:48pm
this reminds me of when I started many years ago,
Attached Image
Doing what you like is Freedom. Liking what you do is Happiness.
  • #78,476
  • Apr 4, 2017 11:49pm Apr 4, 2017 11:49pm
...Or cheerleaders......
Doing what you like is Freedom. Liking what you do is Happiness.
  • #78,477
  • Apr 4, 2017 11:57pm Apr 4, 2017 11:57pm
We all need clear minds and composure when we are trading ...

Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,478
  • Apr 5, 2017 12:08am Apr 5, 2017 12:08am
Quoting ReverseFlash
Good day Fellow Traders Started reading this thread short time ago, I was really impressed by the simplicity of the method stated by the OP in the first pages, then I jumped to the current pages and I noticed most participants are not trading anymore the way the OP used to do it. I don't mean to be a hater, but does this mean the method as described in the beginning is not profitable? That's why you had to use your own filters. Maybe I'm jumping to conclusions too fast, will keep trying on demo next days. Good luck with your trades.

Hi,

I do not know how much of the OP' posts you have read and taken notes. You are correct to say that the recent posts are quite different and most traders are discussing trading the D1 chart which the OP did some testing in 2011 but did not conclude with his test results. The OP traded mostly H1 and H4.

You can also share with us what you have read so far and your observations of the differences now and the way the OP traded. You are free to quote any posts here and ask questions and I am sure the posters will be happy to reply you.

If you want to trade the way Big E described in Post#1, make sure you use his template , the Synergy HA candles and use that TDI Red Green version all these in Post#25.

However, there are other ways to complete reading this huge thread of 78k posts.

There are 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

Have fun,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,479
  • Apr 5, 2017 12:11am Apr 5, 2017 12:11am
Quoting okoso
Hello fellow traders, Selling UJ, AJ, EJ worked yesterday and I see the same for today. Thanks for your comments, Okoso {image}

My exit for these trades is to wait for the D1 HA candle to close with a change in colour. This will mostly happen before the TDI cross in the opposite direction.
Another possible exit is when the price close inside the PAC.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #78,480
  • Edited 1:10am Apr 5, 2017 12:33am | Edited 1:10am
Quoting mokuro89
{quote} hi zMinga It's a TOOL in form of EA, It's not supposed to be running alone all the time and taking decisions, It's supposed to be used in a specific market trending condition and manage the orders once the trader decide where to start (Setup candle, Continuation etc, in this case I decided to trade that setup on H4) and where to stop. This way we can spend our times more efficiently on what really matters that is the Analysis of the chart, deciding Wich TDI cross should or should not be traded (see this post...
Back test is tricky thing. We need years ad years of clean set of data. I found Tick data beta is easy to use & they claim 99% modelling. I compard that with control point back testing and sure there was different but I want to know it follow similar type of equity curve. So I grab the idea of how EA act on. It look day and days for back testing with 99% modelling. Is anyone know how it can speed up ? I couldn't find any with MT4. Or it's not possible until move to MT5 or use Python or C++ ?
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