{quote} update only ...
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #78,861
- Apr 12, 2017 3:47am Apr 12, 2017 3:47am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
- #78,862
- Apr 12, 2017 3:49am Apr 12, 2017 3:49am
- Joined Nov 2015 | Status: Member's sanity currently on AWOL | 8,930 Posts
- #78,864
- Apr 12, 2017 4:30am Apr 12, 2017 4:30am
- Joined Sep 2015 | Status: ob-la-di, ob-la-da, life goes on... | 4,499 Posts
EA | M5 | Short - aggressive entry | TDI curve - at resistance/supply level | MTF analysis with a little help from TMS Angleator
...moved to BE+
...moved to BE+
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
- #78,865
- Apr 12, 2017 6:52am Apr 12, 2017 6:52am
- Joined Nov 2008 | Status: Trader | 50,217 Posts
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
- #78,866
- Apr 12, 2017 7:05am Apr 12, 2017 7:05am
- Joined Aug 2012 | Status: Trader | 18,663 Posts
{quote} 'Turkxit' won't happen... https://www.forexfactory.com/showthr...95#post9747695
anyway,they are not in the EU
the cautious seldom err....C
- #78,867
- Edited 9:47am Apr 12, 2017 7:13am | Edited 9:47am
- | Joined Nov 2011 | Status: the probability trader | 1,110 Posts
Loonie has to be interesting today...
upd: for a while not bad
upd: for a while not bad
Everything is possible!!! Step by Step...
- #78,868
- Edited 7:52am Apr 12, 2017 7:38am | Edited 7:52am
- Joined Nov 2013 | Status: Trader | 2,780 Posts
Some will think Useful, some will not. But below is an equity curve generator.
Put your stats in there and test out over a 1000 instances of your edge.
http://www.equitycurvesimulator.com/
You can see that with 65 percent accuracy and 1.3 RR trades, you can do well especially when you risk a quarter percent per trade, so the draw down is controlled and even if your win rate drops to 50 percent you still will be profitable..
Put your stats in there and test out over a 1000 instances of your edge.
http://www.equitycurvesimulator.com/
You can see that with 65 percent accuracy and 1.3 RR trades, you can do well especially when you risk a quarter percent per trade, so the draw down is controlled and even if your win rate drops to 50 percent you still will be profitable..
It's in fear when people show what they truly value.
- #78,870
- Apr 12, 2017 8:34am Apr 12, 2017 8:34am
- Joined Nov 2013 | Status: Trader | 2,780 Posts
{quote} I think its interesting
"If it were that easy, all big funds, Banks would simply put their money on a EA like backtested (lol)" They already do, 30 percent of the market is algo's LOL, i can't verify that, but other estimates say 1 out of 3 trades will be made by a robot by 2018. not relevant, not telling you to trade like a robot, just trade with discipline.
"Backtesting maybe some nice game to play when someone is bored, but why every EA fails in forwardtrading?" If you have found out they all fail, find out if there is some reward reversing the failure or if spread/slippage make that impossible.
I know a trader who blew his account and then he tested his stats through this tool, he found out it was inevitable anyway, he used to add to his losers and cut his profits too soon. You can be sure he knows now he needs to change something and improve. (I know what your thinking in response, maybe).
Finally if you know that lets say a technical stop loss for your trade (setup) should be 50 pips etc and you know your avg stop loss is around this figure too, you must realize if you get emotional, move your stop loss and give it more room you will be hurting yourself in the long-run.
You see also that your week range (allows you to run trade) or from your journal stats that there is a good chance to make 100 pips when the market runs your way so when you realize that you need to allow your trades to run or else failure is inevitable you will do it, we do what we do because we have too not because we want to.
Comfort in your thought's, Thank's for your's.
It's in fear when people show what they truly value.
- #78,871
- Edited 9:12am Apr 12, 2017 8:52am | Edited 9:12am
- Joined Nov 2013 | Status: Trader | 2,780 Posts
Yen as most know is a safe haven currency, but here is a paper by the IMF on why they think why, not clear cut as they always are not..
P.S a glance through type read.
P.S a glance through type read.
It's in fear when people show what they truly value.
- #78,874
- Apr 12, 2017 9:48am Apr 12, 2017 9:48am
As requested here is a set file and previously created document for THV Cavemanager, use at your own risk.
Your risk will be 20 pips per trade using 0.02 lot size so make sure it fits your risk profile. The reward is less than 1:1 but I'll explain how to change that later. The idea of this set file is to make you look for quality setups instead of machine gun trading every TDI cross. It will also help reduce the fear factor.
The S/L and BE numbers are very tight so you need a quality entry. D1 traders will need to change these numbers. H4 traders, it's doable.
Download THV Cavemanager from FF and install it and place the set file in the MT4 Presets directory. Drag CM onto your chosen chart, click load on the input screen and select Sniper. You'll have a smiley face in the top right and a message saying 'Waiting for action'. If you don't you have done something wrong.
When you place a trade CM will do the following for you.
1. Place a 20 pip stop loss. I've used this number as one of Big E's rules was if a trade went 20 pips against him he closed it. If you've entered a trade and you S/L is hit you probably took a bad trade with low momentum or into S/R.
2. When the trade gets to +10 pips CM will place a soft S/L at breakeven and close 50% of the trade giving you a comfort factor. The rest of your trade is free.
3. When the trade gets to +20 pips CM will close the remainder of your trade.
Your three SIMPLE tasks are.
1. Find a good quality setup (basic TMS stuff)
2. Make sure the trade has room for price to move 20 pips or 10 pips at the very worst (basic Forex stuff)
3. Click the New Order button, set volume to 0.02 and punch the Buy/Sell button. Then LEAVE THE TRADE ALONE. The exception might be if your first target is hit but price stalls before the second target then you could close the trade manually.
If you want to change the R:R to 1:1, load the Sniper file in CM, scroll down to TP_1st_Batch_Pips and change the 10 to 15. Scroll down to Take_Profit and change the 20 to 25.
Anybody without a micro lot account can still use the file but you will need to use 0.2 in the order volume and change the very last setting in CM to false.
Only trade major pairs like EU, AU, GU and UJ for obvious reasons.
Any questions PM me instead of flooding the thread. If you don't get a reply it probably means you need to do a bit more reading
Your risk will be 20 pips per trade using 0.02 lot size so make sure it fits your risk profile. The reward is less than 1:1 but I'll explain how to change that later. The idea of this set file is to make you look for quality setups instead of machine gun trading every TDI cross. It will also help reduce the fear factor.
The S/L and BE numbers are very tight so you need a quality entry. D1 traders will need to change these numbers. H4 traders, it's doable.
Download THV Cavemanager from FF and install it and place the set file in the MT4 Presets directory. Drag CM onto your chosen chart, click load on the input screen and select Sniper. You'll have a smiley face in the top right and a message saying 'Waiting for action'. If you don't you have done something wrong.
When you place a trade CM will do the following for you.
1. Place a 20 pip stop loss. I've used this number as one of Big E's rules was if a trade went 20 pips against him he closed it. If you've entered a trade and you S/L is hit you probably took a bad trade with low momentum or into S/R.
2. When the trade gets to +10 pips CM will place a soft S/L at breakeven and close 50% of the trade giving you a comfort factor. The rest of your trade is free.
3. When the trade gets to +20 pips CM will close the remainder of your trade.
Your three SIMPLE tasks are.
1. Find a good quality setup (basic TMS stuff)
2. Make sure the trade has room for price to move 20 pips or 10 pips at the very worst (basic Forex stuff)
3. Click the New Order button, set volume to 0.02 and punch the Buy/Sell button. Then LEAVE THE TRADE ALONE. The exception might be if your first target is hit but price stalls before the second target then you could close the trade manually.
If you want to change the R:R to 1:1, load the Sniper file in CM, scroll down to TP_1st_Batch_Pips and change the 10 to 15. Scroll down to Take_Profit and change the 20 to 25.
Anybody without a micro lot account can still use the file but you will need to use 0.2 in the order volume and change the very last setting in CM to false.
Only trade major pairs like EU, AU, GU and UJ for obvious reasons.
Any questions PM me instead of flooding the thread. If you don't get a reply it probably means you need to do a bit more reading
Never argue with a fool; onlookers may not be able to tell the difference.
- #78,876
- Apr 12, 2017 10:37am Apr 12, 2017 10:37am
Here is my latest D1 trade taken at today's candle open: UJ sell at 109.60
pros: TDI cross at 2nd "sell" candle, good cross angle in below 50 area
cons: cross a bit too close to 32 area
Will see how it goes.
pros: TDI cross at 2nd "sell" candle, good cross angle in below 50 area
cons: cross a bit too close to 32 area
Will see how it goes.
- #78,877
- Apr 12, 2017 10:59am Apr 12, 2017 10:59am
Hi v2vboni,
A quick question, if you don't mind: in your UJ trade the trade #1 (from the left side) is a "proper" TMS trade (TDI cross on a buy candle), the trades #2 and #3 both seem to have been taken in a sell candle with TDI pointing down. It worked out well for you in the end but what was the logic behind trades #2 and #3?
Your trade looks very similar to the EA trade Emmanuel posted couple weeks ago that had a similar pattern: several trades taken in an opposite direction to the candle itself (buy trade in a sell candle), so essentially a rather aggressive averaging down that could easily go the wrong way.
Is this the ME/ME approach?
Or your trigger for the trade was on a different timeframe than what is posted in your chart? Just curious....
UJ trade update: TP filled, trade closed (3 trade entries)
Your trade looks very similar to the EA trade Emmanuel posted couple weeks ago that had a similar pattern: several trades taken in an opposite direction to the candle itself (buy trade in a sell candle), so essentially a rather aggressive averaging down that could easily go the wrong way.
Is this the ME/ME approach?
Or your trigger for the trade was on a different timeframe than what is posted in your chart? Just curious...
.
- #78,878
- Edited 11:42am Apr 12, 2017 11:13am | Edited 11:42am
{quote} Not recommending a fixed R.R, just know your average. "If it were that easy, all big funds, Banks would simply put their money on a EA like backtested (lol)" They already do, 30 percent of the market is algo's LOL, i can't verify that, but other estimates say 1 out of 3 trades will be made by a robot by 2018. not relevant, not telling you to trade like a robot, just trade with discipline. "Backtesting maybe some nice game to play when someone is bored, but why every EA fails in forwardtrading?" If you have found out they all fail, find...
Not recommending a fixed R.R, just know your average
Agreed. But than such calculations as above are meaningless.
They already do, 30 percent of the market is algo's LOL, i can't verify that, but other estimates say 1 out of 3 trades will be made by a robot by 2018.
30 Percent? I would say about 90 %. Just look at the blinking of the Pricefield, this is not made by human trades. But its done in milliseconds on the real Forexmarkt. With forces, volumes that the profit is self fulfilling. The difference is they can drive the price where they want how they want. And they change the way they do it. All we Mt4 "Traders" can do is adapting to the actual conditions and how they build actual patterns in midterm. Scalping is another thing.
If you have found out they all fail, find out if there is some reward reversing the failure or if spread/slippage make that impossible.
I dont know how. Show me how. But i think with this logic every looser EA would reverse be a winner.
However, when it works for you its ok. I dont believe in backtests in Forex, especially on MT4. Forex is designed from banks for banks to make more money. Its not logical like stocks or so. Its unregulated. When looking for 20 % a year i would invest in some good shares, funds. For this gain its too much risk and work.
But good luck.
Im silent again.
Edit: Maybe a little confusing my writings above
What im trying to say-- The marketmakers (not the mt4 brokers) know where the price will be in a fixed point in the future. Cause they creat it. The way to there they do with different algos. Like you do a vacation knowing your destination, but can choose different streets. Nobody knows which street you take today nor the destination but yourself (Marketmaker) We can only know the past. They know the future. And they wanting your money.
Maybe thats more clear.
Newbies be warned of emmanuel7788. Hes not true.
- #78,879
- Apr 12, 2017 11:44am Apr 12, 2017 11:44am
Hi Guys,
I have read through Big E's posts and I am beginning to understand the TMS strategy.
Could someone please advise on the following:
1. The best MT4 platform to use.
2. Link to the indicators as recommended by Big E
3. I saw some post that the original indicators have been updated. Please advise if I should use the updated ones and provide links.
Once again, thanks all for this great community of support
I have read through Big E's posts and I am beginning to understand the TMS strategy.
Could someone please advise on the following:
1. The best MT4 platform to use.
2. Link to the indicators as recommended by Big E
3. I saw some post that the original indicators have been updated. Please advise if I should use the updated ones and provide links.
Once again, thanks all for this great community of support
- #78,880
- Apr 12, 2017 11:57am Apr 12, 2017 11:57am
- Joined Nov 2013 | Status: Trader | 2,780 Posts
{quote} I dont believe in backtests in Forex, especially on MT4. Forex is designed from banks for banks to make more money. Its not logical like stocks or so. Its unregulated. When looking for 20 % a year i would invest in some good shares, funds. For this gain its too much risk and work. But good luck. Im silent again.
With one setup, lets say a 1hr TMS setup, make you rules for that according to big E or any trader you want to model. See yourself do 100 trades with that setup (manual live trading) . and then take those results and fill it into the equity generator which will project out 1000 instances of your trade setup and will give you as much different variations as you want, it will remove the luck element out and play out the edge you have over 1000 trades.. you can then be encouraged and keep doing the same thing, or improve..
If it's not for you,
.will give you as much different variations as you want = simulate 1000 trades in a 1000 different simulated tests.. =1000 different projections..
Not backtesting but forward testing your probabilities!
I probably placed stats that most cannot achieve in the first post about this (was just an example, maybe aim for it someday), so apologies for that and giving unlikely expectation for most weather it's to do with mental, skill's or experience.
It's in fear when people show what they truly value.