New to Aims and have questions for Immy

[payman]

Hello All,

I wish you all a Happy New Year and hope this is a happy, healthy and prosperous year for all.

I signed up over the Christmas Holiday for the premium membership. The only reason I signed up for AIMS is due to the overwhelming positive replies on Forex Peace Army and the fact that this membership comes with this forum where you can ask questions and get help from Immy and the community.

At this point, I have done the following:

1. Read the Aims Stress Free Manual several times
2. Installed the indicators exactly as described - V5.1
3. Practiced trading on a demo account utilizing the M1 and M5 charts as described in the Manual.
4. I notice that the majority of my trades hit their SL which has lead me to write this post.

I can see the benefit of this approach but I can also say that I am very confused because there is much more to this than 3 rules and 3 indicators. I observed the following "new" rules or deviations from the 3 rules/3 indicators based on the videos I have watched. None of these "new" rules are in the Aims Stress Free Manual.
AIMS

- AO don't trade after 3rd peak
- follow dots for exits. Bounce off green line is okay to ignore dots
- don't trade toward purple line
- need fresh aims level after dot
- alligator should be sleeping on 1M
- setup 1 is a sleeping alligator in boxes and entry is first fractal out of new alligator mouth.
- setup 2 alligator is already open break new box away from alligator.
- Do not feed alligator.
- when mouth is open it is 1,3,or 5 impulse wave
- trade outer most fractals only on consolidations
- focus on first breakout of first fractal out of sleeping alligator mouth
- don't trade M1 when alligator is sleeping on M5
- don't trade wave 5

At this point, I need some guidance on the steps to take to become proficient at trading AIMS and help me clear up the confusion. Ultimately, I am looking for a rules based approach which does not require me to remember 20 different rules and then use a lot of subjectivity in entering and closing my trades.

Thank you in advance for your help and support.

Payman

[immy]

Hi Payman

Thanks sam, your reply was helpful.

Thank you for joining and welcome to AIMS Stress Free Trading Community. I'm sure you'll enjoy your time here.

WE are all traders and we are all "innovative creative beings". We learn and adapt as we move through space and time. All these extras are just that, extras. How does our intuition develop? Can a ten year old be as intuitive a pilot as an experienced much older pilot? We learn, we become more intelligent.

Having said that, the only extra that you would like to use, since you seem to be the "Grant" type of trader (which is a big compliment btw), simply follow the flow chart and forget about the rest.

I hope this helps!

cheers

[payman]

Immy and Sam,

Thank you both for your response and suggestions.

I have been following your advice. I went back and re-read the book and am just making trades based on the flow chart. I am still struggling, which may be expected at the beginning. What I am seeing is that shortly after I enter trades, the price starts to move against me and I get stopped out quite a bit. I do have some winners but my win rate is much lower than 50%. Is this normal?

Thanks,
Payman

[Dave]

Hi Payman and welcome. My suggestion is to start a journal and fill it with photos of your trades, good and bad, and that way we can see exactly what's happening and get you on the right track. Nice one.
Dave