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Trading Made Simple

  • #79,481
  • May 5, 2017 7:45am May 5, 2017 7:45am
Quoting Socialbased
Although not EUR CHF is generally inversely related to EUR so there is still a relationship. I wouldn't take the chance
Thank you , I was thinking that . I will close everything , thanks for the response
You attract what you think in any area of life, relationships and trading!
  • #79,482
  • May 5, 2017 8:04am May 5, 2017 8:04am
Quoting emmanuel7788
{quote} AUDUSD May 5 D1 chart still shows sell continuation today open. PA reacted at the BRN 0.71400 but no reversal for buy yet. But for H4 traders, see what you missed using the HA, PAC and TDI Moderate mode. 2 trades - + 24pips and +79 pips, Be disciplined, be patient, be at your trading PC at the 4 hour of every new bar/candle. {image}
Hi Emma,

I have been playing around TMS EA for backtesting, and had one technical problem, the TDI indicator value in backtesting doesn't match what I see on the chart, I could not work out where the indicator value coming from.

I used the EA from Steve Hopwood, as showing in the log, on 2017.04.03 00:00:00 there is a bullish cross hence a buy trade, but looking at the chart, certainly not!

Can you please help? Attached files for your reference.

Thanks as always.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Strategy Tester logs.PNG Size: 13 KB
Click to Enlarge Name: AU H4 Strategy tester.PNG Size: 18 KB
Click to Enlarge Name: AU H4 Strategy tester setup.PNG Size: 17 KB
Attached File(s)
File Type: mq4 Trading Made Simple auto trading robot by Steve Hopwood.mq4   98 KB | 485 downloads
  • #79,483
  • May 5, 2017 9:15am May 5, 2017 9:15am
Quoting Simba
CHFJPY long on 30 min, TP 30 pips, SL 30 pips. 0.5% risk Divergence on TDI {image}
TP 30 pips hit

Attached Image (click to enlarge)
Click to Enlarge Name: CHFJPY30min.png Size: 57 KB
Hakuna Matata
  • #79,484
  • May 5, 2017 10:09am May 5, 2017 10:09am
Hi, TMS traders !!
First of all,
I want to thank The Big E and then all these people who keep this thread alive and profitable, not ony with pips ....
I feel very excited about the 5 method, also I'm feeling so touched about the Big E's story... as everyone who start read this tread from 1st post...

I've stydy and practice 5 method with a lot of success!! I'm just 3 months active trader.

I have very good setups as Big E and later emmanuel7788 posts, Pdfs, etc.. Although I've doubt about of TDI setting .. because Big E said to use default set up.. after thousands post I've red some of Emmanuel's post other setting... (This is it 10,5,34,3,1,7). I don't know if this is a small detail or trouble for me later ...

thanks for everything ,

  • #79,485
  • May 5, 2017 5:43pm May 5, 2017 5:43pm
Quoting anfei1972
{quote} Hi Emma, I have been playing around TMS EA for backtesting, ...
Hi anfei,
i think you are not using the latest version of this EA. I think there is a version 19 and even a version 21 (dated from 2011).
Steve Hopwood later continued developement in an other forum.

Version 19:
https://www.forexfactory.com/showthr...26#post9666526

I have no link for version 21.

Now Steve Hopwood warns against using these old Expert Advisors, because he now thinks that the code was not up to standards the he would now use.
http://www.stevehopwoodforex.com/php...tms+EA#p151972

I am not aware of any newer EA project for a Trading Made Simple approach.
  • #79,486
  • May 6, 2017 6:45am May 6, 2017 6:45am
Quoting jansb000
{quote} Hi anfei, i think you are not using the latest version of this EA. I think there is a version 19 and even a version 21 (dated from 2011). Steve Hopwood later continued developement in an other forum. Version 19: https://www.forexfactory.com/showthr...26#post9666526 I have no link for version 21. Now Steve Hopwood warns against using these old Expert Advisors, because he now thinks that the code was not up to standards the he would now use. http://www.stevehopwoodforex.com/php...tms+EA#p151972...

Hi Jan,

Thanks for your reply.

However my issue is not so much about the out dated EA, because I tried another EA coded using TDI, having the same problem. The indicator value given under strategy backtesting is simply just not correct, wondering if you run strategy tester by using the EA I attached, what result you get?

Regards
  • #79,487
  • May 6, 2017 6:47am May 6, 2017 6:47am
Hi All

If any professional trader of this trading system is willing to work with me to build an EA for it, please contact me.

Kind Regards,
samsha
  • #79,488
  • May 6, 2017 9:42am May 6, 2017 9:42am
Hello, I'm still learning this trading strategy and I have a question about the daily routine of looking for setups and opening/closing trades.

Big-E says: "I only trade 1hr charts during the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific (7am), 2am (11am) and close all 4 hour trades by 6am (3pm) Pacific....

I live in Lisbon in the GMT time zone, so my question is if I can adapt this trading strategy to London Opening and what would be the best times to look for setups and closing trades?
Do I need to trade in the first 3 hours of London using 1 hour candles like the quote above?

Best Regards
  • #79,489
  • May 6, 2017 12:10pm May 6, 2017 12:10pm
Quoting Daniel1fx1
Hello, I'm still learning this trading strategy and I have a question about the daily routine of looking for setups and opening/closing trades. Big-E says: "I only trade 1hr charts during the 1st 3 hours of the USA OPEN and 4hr trades at night. I check for set ups at 10pm Pacific (7am), 2am (11am) and close all 4 hour trades by 6am (3pm) Pacific.... I live in Lisbon in the GMT time zone, so my question is if I can adapt this trading strategy to London Opening and what would be the best times to look for setups and closing trades? Do I need to trade...
Hi Daniel,

I live in the Pacific time zone that Big E did. Your time is 8 Hrs ahead of us (googles). Adjust time to match. My math = Your 4HR trade setups/exits start 6am your time, check 4Hrs later 10am and close all 4hrs later 2pm. Then hit the USA Open on 1hr TF if need be. Keep in mind your brokers (Location) time of day candle. I have a couple differences in broker times available to me. One has the New Day Candle starting at 2pm PST & the other at 4pm PST. Therefore I have to make adjustments in my times.

Best wishes in your daily routine...hope this helps.

Cheers!

Axleman.
  • #79,490
  • May 6, 2017 1:38pm May 6, 2017 1:38pm
Quoting Axleman
{quote} Hi Daniel, I live in the Pacific time zone that Big E did. Your time is 8 Hrs ahead of us (googles). Adjust time to match. My math = Your 4HR trade setups/exits start 6am your time, check 4Hrs later 10am and close all 4hrs later 2pm. Then hit the USA Open on 1hr TF if need be. Keep in mind your brokers (Location) time of day candle. I have a couple differences in broker times available to me. One has the New Day Candle starting at 2pm PST & the other at 4pm PST. Therefore I have to make adjustments in my times. Best wishes in your daily...
Thanks Axleman, let's see if other GMT traders have diferent hours to look for setups.

Regards
  • #79,491
  • Edited 2:45pm May 6, 2017 2:07pm | Edited 2:45pm
Hello Daniel,

i'm GMT+2 trader, and with this strategy i start searching for setups at night (21 GMT) for H4 candles. Making overall strategy for the next morning. If there is some nice setup at 5am GMT i'm in it looking for exit about 1pm GMT. Sometimes it gets better for few more candles so it depends of strength of the trend.

Setups for H1 i'm about to check just before London session. If there is something, i'm in. Exit is for the most part just before NY starts or even faster (of course it depends but mostly im off before NY starts, exept commodity currencies).

Commodity currencies like A/U, N/U are likely to make strong moves after the NY starts, so it's good to know is there any fine setup for these two bastard.

PS i recommend to check for setups also for Gold, Silv and WTI at 10am GMT. They like to make nice moves from 10am to 4pm GMT according to main trend on H1 candles....

Cheers
Hard choices, easy life. Easy choices, hard life. ~ Jerzy Gregorek
  • #79,492
  • May 6, 2017 5:14pm May 6, 2017 5:14pm
Thank you very much majkel149 for your help.
  • #79,493
  • May 7, 2017 12:56am May 7, 2017 12:56am
Quoting anfei1972
{quote} Hi Emma, I have been playing around TMS EA for backtesting, and had one technical problem, the TDI indicator value in backtesting doesn't match what I see on the chart, I could not work out where the indicator value coming from. I used the EA from Steve Hopwood, as showing in the log, on 2017.04.03 00:00:00 there is a bullish cross hence a buy trade, but looking at the chart, certainly not! Can you please help? Attached files for your reference. Thanks as always. {image} {image} {image} {file}

Hi anfei,

I assume that you have the TDI Red Green version.
Your expert journal shows correct that there was a Green cross Red for that trade entry.
But the TDI Red Green is updated by the next bar hence it shows the Green turn back down and look like no cross.
The EA works according to the way it was coded. Therefore in my opinion having tested that EA , it cannot be use for live trading without some further coding work.

Looking at the price action of that trade taken, the market was in consolidation hence the TDI cross signal as entry should have been avoided. The breakout of the consolidation in the direction of the higher timeframe would have work out better. But the question is how to code a filter for identifying the price consolidation. Also to include a conditional check of the HA candles is necessary to pick better setups in addition to the TDI cross. Big E had mentioned the HA candles many times in his post and he described the HA candles as big candles and small candles which can be rather subjective to different traders. My conclusion is that an auto-trading robot for TMS 5-Method will never work because the way Big E traded H4 and H1 is very discretionary based on his experience. His trading had been manual and the way he manage his trades was also manual.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #79,494
  • May 7, 2017 2:30am May 7, 2017 2:30am
Quoting samsha786
Hi All If any professional trader of this trading system is willing to work with me to build an EA for it, please contact me. Kind Regards, samsha
Is there no one keen on helping me put this together? I will program it, need someone with a firm grasp of the rules to ensure that the EA does what it's suppose to.
  • #79,495
  • May 7, 2017 3:47am May 7, 2017 3:47am
Quoting emmanuel7788
{quote} {quote} Here my test results on the Daily charts fore the 8 pairs. Entry using the Price Action close above the PAC and using the TDI in the Moderate mode. Exit when the Ha candle close in change of colour. Entry conditions Scalping - Long = Green over Red, Short = Red over Green Active Long = Green over Red & Yellow lines Short = Red over Green & Yellow lines Moderate Long = Green over Red, Yellow, & 50 lines Short= Red over Green, Green below Yellow & 50 line Test data from Dec 2008 till March 2017. Only use Single Entry / Single Exit....
Dear Emmanuel,

may I ask, if you did use a stop loss in these backtests?
Did you use the PAC trend as third condition?
Did you also recognize, that the results until 2013 where better than now?

Thank you
  • #79,496
  • Edited 4:51am May 7, 2017 4:41am | Edited 4:51am
Updates: HA-APB v1.12

 

  1. Added Currency pair or Instrument changer with Broker suffix option.
  2. Fixed behavior of BRN Button whenever the default setting is set to BRN OFF
    Attached Image (click to enlarge)
    Click to Enlarge Name: Image1.png Size: 38 KB

You may now download this updated indicator or ask technical question at the following indicator development journal thread >>> here.

Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #79,497
  • May 7, 2017 5:32am May 7, 2017 5:32am
Quoting emmanuel7788
{quote} Hi anfei, I assume that you have the TDI Red Green version. Your expert journal shows correct that there was a Green cross Red for that trade entry. But the TDI Red Green is updated by the next bar hence it shows the Green turn back down and look like no cross. The EA works according to the way it was coded. Therefore in my opinion having tested that EA , it cannot be use for live trading without some further coding work. Looking at the price action of that trade taken, the market was in consolidation hence the TDI cross signal as entry...

Hi Emma,

I use the TDI as attached in the EA.

Just want to clarify this repaint issue of TDI, my understanding is the TDI keep repainting till the bar finish, is it corrrect? if that is the case, making EA only check cross at the bar close will have no trouble, right?

The reason why I am playing with EA is because I really like to see some good statistics regarding TMS system and wish to see what filters really adds value, by how much.

If EA in strategy tester is no good for TDI backtesting, maybe I should go back to the basics using Excel?

Appreciate your help.
  • #79,498
  • May 7, 2017 5:52am May 7, 2017 5:52am
Fair play Emm,

looking at your trade explorer, you look like the real deal.

Looks like I got a lot of learning to do!
  • #79,499
  • May 7, 2017 8:42am May 7, 2017 8:42am
Do you think the USD/CAD for sale is a good opportunity ?
Attached Image (click to enlarge)
Click to Enlarge Name: UsdCad.png Size: 22 KB
  • #79,500
  • May 7, 2017 8:49am May 7, 2017 8:49am
Quoting Pixlab
Do you think the USD/CAD for sale is a good opportunity ? {image}
My bias is long.

So I would wait for a retracement and take the trade when there is a signal for a long.

Obviously I could be wrong
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csethna