Observation is the path to discovery.
- | Membership Revoked | Joined May 2011 | 2,976 Posts
Gentlemen always play by the rules. If they can't, they change the rules.
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
DislikedFor example, the EurUsd EA just triggered by crossing the White line. I was already in because I jumped the gun, but from now on I will also only use this to go along with what you are doing. My entry into the Gold Short was done with the EA. Notice how it kept going lower, because it triggered in the direction that you want. In this case down.Ignored
Dislikedhmmm
i placed the buy ea on uy
and it placed a trade as the pa is still between the bandsIgnored
DislikedYou have to apply the EA once you price touches or crosse the outer band. If you do it after and price is across the white line, it will trigger it immediately. Apply it when you get rule 3 (Spike) and before or immediately after Rule 4 is valid (Color Change).Ignored
Dislikedjust out of curiosity why is the MA histo set at a period of 10?
just want to know the thinking process as to that period and not 5 or something like that
XIgnored
Dislikedjust out of curiosity why is the MA histo set at a period of 10?
just want to know the thinking process as to that period and not 5 or something like that
XIgnored
DislikedMy risk/reward for a 15m chart would be 1:2 , but if it dont reach that target i would lock it when it reaches the other side of the band.
I would not risk more than 30 pips on a 15m chart so i would set my SL between 25 to 30 pips a trade.
Yesterday the pairs I traded bounced off the daily pivot so i placed my SL on the other side of the pivot which was around 15 to 30pips SL.
Personally I think a 100 pips SL for a 15M TF is too large. I am not ready to risk that much on 15m but i am ready to risk about 20 to 30pips.
I trade the 1H and the...Ignored
DislikedX-Man, great post!
I'm so glad that we can discuss this openly and Al doesn't mind us adopting his system to our individual MMs.
X-Man, I agree that 20-25-30 pips should be enough for M-15. As a matter of fact I'll probably start with only 20 pips and then I'll see whether I have to make it bigger or not.
Of course, Al is right when he says "the possibility of repeated spikes at the top (or bottom)", but I'm planning to use not stop-loss per say but rather a pending hedging order (buy-stop if I sell and sell-stop if I buy) placed 20 pips...Ignored