DislikedGreat thread!
So on the AUDUSD are we looking at a possible long here?
thanks
LionsdenIgnored
Hennis Extreme TMA System 98 replies
Happs with TMA Trading Journal 25 replies
TMA Reality Tour 114 replies
MTF TMA 287 replies
SnakeForce - simple TMA with alert? 3 replies
DislikedNo. 1 lot of EURUSD has to drop close to 270 pips for the account to close. I place my recovery trade when it drops by 100 pips. In all honesty, since I use the Extreme TMA system, I have never had an account closed and I only had to use recovery (100 pips) twice. This system is good at keeping you out of serious trouble. I did drawdown one account with another system before, but not with this one.Ignored
DislikedAlorente, I did understand the flow of the TMA is important, or am I wrong?Ignored
DislikedFor those that donīt understand how recovery works. Let me give you a simple example:
2- I open a 1 lot order in account A.
2- Account A drops 100 pips.
3- I open 1 lot trade on account B.
4- If price recovers 50 pips I am at BE on the total of both trades and I close trades in both accounts A and B. (A= -50, B= +50 Total = 0)
Please, read the doc on Recovery. It is worth while.Ignored
Dislikedso your recovery orders are same size as first one ?
never increase next level trades size ?Ignored
DislikedHi,
I think you, RJ, have posted a link in another thread to a visual tester that simulates live conditions very well. Only indicators that use 1 symbol and 1 timeframe will work, but I think those employed by this system will be just fine.
It's not a fully automated back-testing as in "trading with EA", but you can go through the past data and see what you would see live then.
Here it is: http://www.forexfactory.com/showthread.php?t=70742
Trade well,
ComerIgnored
DislikedHi Alorente !
Great system i think. But I would ask you if you can make new version of stop loss strategy. So we can determine when its time to take a loss but smaller compare to the reward. And so everytime before we go into trade we know how much it will be and take only the best Risk Reward trades and be sure well ahead if we are gonna be profitable in the long run.
Since the rest of us are small traders and have only one account, it will be
much better if we can put our stop loss at some logical level to know if we are right or wrong and...Ignored
DislikedGood system that shows you Alorente!
This well take advantage of the good indicators of other systems and apply them to your way of working ..
Almost all systems that are highly profitable focus on the same conditions, S / R is the key!
My first trade test gbpusd closed with +20 pips.
My stop loss in the previous low.
Saludos de otro Espaņol !Ignored