I don't remember that post, but either way I don't see the value now of using the 200/20SMA on the 4HR charts now. That's not to say others don't, it's just that I don't. The 200/20SMA on charts only have real value (in my opinion) if enough other ...

Trading Made Simple(r)

1. The 14,3,3 Stochastic never crossed above the 50 Purple Line, so you can't have a long trade (or at least I can't). 2. The smTMMS indicator also never crossed above the Center Line (because of the 14,3,3 Stochastic) 3. You were basically entering ...

Trading Made Simple(r)

When you see small bars close to each other as in this case, you should place your stop further back at a more logical point so that if the trend continues that spot will not get hit. No stop placement method will always be perfect, but that's how I ...

Trading Made Simple(r)

1. The pairs that tend to MOVE the most (in my opinion): GBP/JPY, EUR/JPY and AUD/JPY...so I like trading them the best. 2. If I could only trade one pair forever it would be the: AUD/USD. 3. The pairs that tend to trend the best overall (in my ...

Trading Made Simple(r)

In template # 1 and # 2 I intentionally changed the colors inside of the indicator settings when I changed the values so you can tell the two different Stoch settings apart from each other. Otherwise, by default, they are always the same colors no ...

Trading Made Simple(r)

Thank you for your very detailed post. Few people realize how much time and effort it takes to make a post as detailed as yours. When I created this thread, my great hope was that at least some of the traders who read it would do exactly what you've ...

Trading Made Simple(r)

Good job! Feel free to share the entry and exit methods that you are using. Doing so will help others here.

Trading Made Simple(r)

You can open a trade on the open of the 4th candle, but if the signal is that late, I often prefer to wait for a pullback and then enter on the resumption of the trend (if there is a resumption). Especially, if the 4 candles are somewhat large.

Trading Made Simple(r)

You're welcome! Thank you for your comments. BTW, I haven't left the thread. I just like seeing the thread take on a life of its own without too much interruption on my part.

Trading Made Simple(r)

Well Done!

Trading Made Simple(r)

Nothing has changed that I know. Everything still works the same way as it always has. To install an indicator... Go to: File > Open Data Folder > MQL4 > Indicators (you drag or drop the indicator into the indicator folder). Afterwards, close the ...

Trading Made Simple(r)

Based on my experience, the London open until the U.S. close are the best times to trade intraday.

Trading Made Simple(r)

I enter as soon as the second bar's price drops below the previous bar's LOW (not the Close) while still open. Yes, price can go back up again BUT, it is more likely to go down rather than up when that previous bar's low is breached taking into ...

Trading Made Simple(r)

In Post # 6926 I said: "I never blindly enter a trade anymore when I get a signal. If it's a Long trade, I go in when the market goes above the high of the bar that I got the signal on. Short trades are just the opposite. Look over a chart and you ...

Trading Made Simple(r)

I don't always use 2 bars. Where to place stops (for me) is always a judgement call. If one bar back is a large bar, I use that. If there is a swing point 3-4 bars back, I often use that.

Trading Made Simple(r)

Read post # 6945

Trading Made Simple(r)

I never take the day of the week into consideration. Whatever day I get a signal to enter or exit I take it. And when trading Daily charts, I usually enter or exit about 5-10 minutes before the close. Yes, I hold trades over the weekend.

Trading Made Simple(r)

I would have entered on the 3rd bar after the signal bar because it's the first time that a bar takes out the high of the immediate previous bar (after the signal bar).' image

Trading Made Simple(r)

"you wait for the bar after the signal to close above yesterday's close, correct?" Yes "and if this happens at the third or fourth bar?" If it's the 3rd or 4th bar (or more) I enter whenever a bar goes above the high of the most previous bar.

Trading Made Simple(r)

You are welcome and thanks for posting. I have not done any back-testing because I don't use a strict set of concrete rules to trade which is what is required if you are trading a "system". I now only trade Daily charts due to my lack of desire to ...

Trading Made Simple(r)