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Extreme TMA System

  • #15,021
  • Nov 11, 2018 10:25am Nov 11, 2018 10:25am
I just discovered your thread here and just wanted to thank you for all your time and efforts you put into this thread, great job !! I obviously have not had the time to go through 15,000 posts yet, but I had a couple of questions for you.

You said that when you see the little white line on the spikes, that its an indicator that it will more than likely repaint, does that mean that when you see the thicker red/blue in the middle of spikes that its a higher probability trade ??

Because its a mechanical system, has anyone tried to program an EA using your logic/indicators ??
  • #15,022
  • Nov 11, 2018 11:25am Nov 11, 2018 11:25am
Quoting pipsquick16
I just discovered your thread here and just wanted to thank you for all your time and efforts you put into this thread, great job !! I obviously have not had the time to go through 15,000 posts yet, but I had a couple of questions for you. You said that when you see the little white line on the spikes, that its an indicator that it will more than likely repaint, does that mean that when you see the thicker red/blue in the middle of spikes that its a higher probability trade ?? Because its a mechanical system, has anyone tried to program an EA using...
There is no need to read the entire thread. Read the newly revised Post # 1 And the last few pages and you will be able to trade the system. The spike indicator is no longer used. We have indeed programmed several EAīs over the past few years, but it has not been a successful enterprise. There are subjective decisions in this system that an EA cannot handle.
Observation is the path to discovery.
  • #15,023
  • Nov 11, 2018 12:38pm Nov 11, 2018 12:38pm
Your screen shot of the GBPNZD on Nov 1 showing a Buy that you took, I was wondering if you also took the buy at the swing low (H4) from Oct 31, where price was below the D1 line which you said is an added confluence ??

I am still new to your methods but everything looks like it lines up with RSI below the 30 for a nice buy.
  • #15,024
  • Nov 11, 2018 12:54pm Nov 11, 2018 12:54pm
Quoting pipsquick16
Your screen shot of the GBPNZD on Nov 1 showing a Buy that you took, I was wondering if you also took the buy at the swing low (H4) from Oct 31, where price was below the D1 line which you said is an added confluence ?? I am still new to your methods but everything looks like it lines up with RSI below the 30 for a nice buy.
Yes I did. Buy on 10-31 and closed on 11-7 at opposite H4 band. I am back in again now.
Observation is the path to discovery.
  • #15,025
  • Edited 5:25pm Nov 11, 2018 1:27pm | Edited 5:25pm
Here is the updated version of the TMA slope true - it has selectable timeframes MTF.
Very useful I hope.
George
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M4.png Size: 52 KB
Attached File(s)
File Type: mq4 TMA slope true Scalper (2).mq4   29 KB | 2,441 downloads
  • #15,026
  • Nov 11, 2018 2:11pm Nov 11, 2018 2:11pm
Al, thank you so much for the updated files. In the edited, revised post #1, you said my charts should now look like the "one below"...were you referring to the chart graphic in post 18? If so, you seem to have three things on the bottom that I don't have, and I have a pretty standard RSI indicator which I do not see on your chart.
Attached Image

Now my chart looks like this, does this seem right?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.JPG Size: 135 KB

Here are the indicators on my chart...I installed the indicators, then the template, then just used the template on a plain vanilla chart, and this is what I got.
Attached Image

Why is FastTMALine on there five times? Is this the correct set up of indies?
Marc -- Saint Louis, MO -- USA
  • #15,027
  • Nov 11, 2018 2:14pm Nov 11, 2018 2:14pm
Quoting Marc82Much
Al, thank you so much for the updated files. In the edited, revised post #1, you said my charts should now look like the "one below"...were you referring to the chart graphic in post 18? If so, you seem to have three things on the bottom that I don't have, and I have a pretty standard RSI indicator which I do not see on your chart. {image} Now my chart looks like this, does this seem right? {image} Here are the indicators on my chart...I installed the indicators, then the template, then just used the template on a plain vanilla chart, and this is...
OK, I deduced the answer to the FastTMALine multiple times on the list...multiple time frames. Got it.
Marc -- Saint Louis, MO -- USA
  • #15,028
  • Nov 11, 2018 6:05pm Nov 11, 2018 6:05pm
Hi Al, do you give much importance to the slope numbers for any entry ?? Like right now the H4 slope is +.60 and price is right on the 200 EMA, but still above the lower band.

For me its obvious that price has not penetrated the lower band for a possible buy, so the slope number would not come into play at this point in time. I am just trying to determine how much importance you give the slope numbers, that's all. Since you trade mostly on the H4 time frame, do you look at the D1 or W1 slope numbers at all ??
  • #15,029
  • Nov 12, 2018 1:31am Nov 12, 2018 1:31am
I recommend you read the entire Post #1. I updated everything, including all the slope information. It will answer your question.
Observation is the path to discovery.
  • #15,030
  • Nov 12, 2018 1:35am Nov 12, 2018 1:35am
Quoting Marc82Much
{quote} OK, I deduced the answer to the FastTMALine multiple times on the list...multiple time frames. Got it.
I added the chart to Post #1.
Observation is the path to discovery.
  • #15,031
  • Nov 12, 2018 4:16am Nov 12, 2018 4:16am
Quoting Alorente
{quote} I added the chart to Post #1.
Hello Al! Thanks for the update! Now it work properly.

Just curious about your trading, are you trading for a living with this system?
  • #15,032
  • Nov 12, 2018 4:19am Nov 12, 2018 4:19am
Quoting RiskvsGain
{quote} Hello Al! Thanks for the update! Now it work properly. Just curious about your trading, are you trading for a living with this system?
I am 68 years old and retired. I love trading and, yes, I trade full time.
Observation is the path to discovery.
  • #15,033
  • Nov 12, 2018 4:47am Nov 12, 2018 4:47am
Quoting Alorente
{quote} I am 68 years old and retired. I love trading and, yes, I trade full time.
Nice to hear that!

I readed again the first post, however I can't find explanation for the 50 and 200 bar indicator, can you briefly describe what these indicator would point out?

Thanks again!
  • #15,034
  • Nov 12, 2018 8:19am Nov 12, 2018 8:19am
Quoting RiskvsGain
{quote} Nice to hear that! I readed again the first post, however I can't find explanation for the 50 and 200 bar indicator, can you briefly describe what these indicator would point out? Thanks again!
Those show you the candle that was just removed from the 50 MA and the 200 MA calculations. By looking at the upcoming candles and at the MAs themselves, with practice, you can anticipate what the upcoming bars should look like. You need years of practice to understand this. You can remove the lines if you donīt use them.
Observation is the path to discovery.
  • #15,035
  • Nov 12, 2018 8:56am Nov 12, 2018 8:56am
Thank you for your answer Al as your time and efforts here are greatly appreciated. I cant get my head around the fact, that you say that different programmers have tried many times to make an EA with out success.

I have been working with MT4 for over 16 years since it MT3, and the most difficult thing is too find a good programmer, believe its almost impossible. Your system is awesome but its also purely mechanical, and for that reason the W1, D1, and H4 slope logic can be programmed as variable inputs, the 50 & 200 EMA are the same.

What is it that you say is subjective where the trader has to make decisions, that you say cannot be programmed into the EA ?? On H4 price has to breach the upper band or breach the lower band by X number of pips, then logic has to check the slope of the W1, D1, then H4 time frames. The next step is too check the 2 MA's, is the 50 above or below the 200, which way are they sloping, and all this information will determine which way the overall trend is going, and then the logic can determine whether its a valid Buy or a valid Sell. Then they are other things like major area's of Support and resistance, that can be added to the logic.

Obviously I am still getting into all the logic, and dont have your experience working with this system, but I can tell you that I do have thousands of hours watching charts over the years. You also say that your stop loss of 100 pips has never been hit, this is pretty much unheard of in the trading business because it means that you have no losses. This is the most impressive thing about your system, and one of the reasons why its so successful.

I am not trying to bust your balls here, I just wanted to get some feedback on doing an EA or the reasons why it didnt work. Keep up the great work and thanks again for all your efforts Al.
  • #15,036
  • Nov 12, 2018 9:39am Nov 12, 2018 9:39am
Quoting pipsquick16
Thank you for your answer Al as your time and efforts here are greatly appreciated. I cant get my head around the fact, that you say that different programmers have tried many times to make an EA with out success. I have been working with MT4 for over 16 years since it MT3, and the most difficult thing is too find a good programmer, believe its almost impossible. Your system is awesome but its also purely mechanical, and for that reason the W1, D1, and H4 slope logic can be programmed as variable inputs, the 50 & 200 EMA are the same. What is it...
I donīt recall having said that my stop loss was never hit... I have been trading ExtremeTMA for 6 years now. It is true that the success rate is very high (In the high 90%s) But every once in a while, a pair will do what it wants to do defying all logic. In those instances, I have subjectively closed the trades manually for losses. In my view, when a trade goes bad, it is better to close with a loss instead of waiting for it to come back. That releases your margin to apply to new trades. Time is money in this business.

Regarding the EA, the main drawback is that since TMAs repaint, the EA cannot be back tested. I have tried several EAīs over the past 5 years with a very high success rate (Near 100%), but they lack the subjectivity to determine when a losing trade should be closed for a loss. One of the EAīs gave me 124 winners in a row and was returning a 40% monthly profit, but gave it all back in 2 or 3 trades that went for large losses. I agree with you that the system is quite mechanical and an EA should work, but I have not been able to perfect the process. I would be glad to give you input if you want to give it a try.
Observation is the path to discovery.
  • #15,037
  • Nov 12, 2018 10:23am Nov 12, 2018 10:23am
Check your messages I just sent you a PM Al.
  • #15,038
  • Nov 12, 2018 10:32am Nov 12, 2018 10:32am
Quoting pipsquick16
Thank you for your answer Al as your time and efforts here are greatly appreciated. I cant get my head around the fact, that you say that different programmers have tried many times to make an EA with out success. I have been working with MT4 for over 16 years since it MT3, and the most difficult thing is too find a good programmer, believe its almost impossible. Your system is awesome but its also purely mechanical, and for that reason the W1, D1, and H4 slope logic can be programmed as variable inputs, the 50 & 200 EMA are the same. What is it...
Here is an Extreme TMA Scalper that I am currently testing with a low Margin account (25 to 1). All winners, but one pair open for a big loss. This is generally what happens with the Extreme TMA EAs.
Attached Image (click to enlarge)
Click to Enlarge Name: ExtremeTMA Scalper EA.png Size: 24 KB
Observation is the path to discovery.
  • #15,039
  • Nov 12, 2018 10:38am Nov 12, 2018 10:38am
Quoting Alorente
{quote} Here is an Extreme TMA Scalper that I am currently testing with a low Margin account (25 to 1). All winners, but one pair open for a big loss. This is generally what happens with the Extreme TMA EAs. {image}
You had 51 consecutive winners.
That is very good achievement to me.
I will be happy with that myself
  • #15,040
  • Nov 12, 2018 10:54am Nov 12, 2018 10:54am
Quoting Merka
{quote} You had 51 consecutive winners. That is very good achievement to me. I will be happy with that myself
Good day Alorente.

Can you share this EA?

Thank You.
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