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Extreme TMA System

  • #15,041
  • Nov 12, 2018 8:56am Nov 12, 2018 8:56am
Quoting Ladzius
{quote} Good day Alorente. Can you share this EA? Thank You.
No, sorry. I am under a contract agreement with the programmer and cannot share it.
Observation is the path to discovery.
  • #15,042
  • Nov 12, 2018 9:10am Nov 12, 2018 9:10am
Quoting Alorente
{quote} No, sorry. I am under a contract agreement with the programmer and cannot share it.
The strategy rules of that EA are still the ones on page#1 apart TF adapted for scalping?

Thanks
  • #15,043
  • Nov 12, 2018 9:17am Nov 12, 2018 9:17am
Quoting Merka
{quote} The strategy rules of that EA are still the ones on page#1 apart TF adapted for scalping? Thanks
They are similar but using the M1, M5 and M15 TMAs and adding an additional RSI entry rule.
Observation is the path to discovery.
  • #15,044
  • Nov 12, 2018 9:19am Nov 12, 2018 9:19am
Quoting Alorente
{quote} They are similar but using the M1, M5 and M15 TMAs and adding an additional RSI entry rule.
Thanks
  • #15,045
  • Nov 12, 2018 9:36am Nov 12, 2018 9:36am
Quoting Merka
{quote} Thanks
Scalping with M1 charts requires a lot of experience and I do not recommend it. It is much safer to use the M5, M15 and H1 for scalping. Use the same rules as in Post 1, but substitute the TMAs as follows:

H4 TMA = M5 TMA

D1 TMA = M15 TMA

W1 TMA = H1 TMA.

All entry, slope angles and exit conditions remain the same as in post 1 but substituting the TMAs as explained above.

For trigger, use the previous M1 candle (Not M5).
Observation is the path to discovery.
  • #15,046
  • Nov 12, 2018 9:40am Nov 12, 2018 9:40am
I sent you a PM AL, I need your email please.
  • #15,047
  • Nov 12, 2018 11:31am Nov 12, 2018 11:31am
Hola Alfredo

For rule 1 H4 is ranging and D&W are for sell only.
For rule 2: we need to be above H4 TMA top band for sell but here we are below the bottom band

So this is a no trade situation.
Am I correct?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4 TMA1 12-11-2018.png Size: 51 KB
Click to Enlarge Name: EURUSDH4 TMA2 12-11-2018.png Size: 41 KB
  • #15,048
  • Nov 12, 2018 2:14pm Nov 12, 2018 2:14pm
Quoting Merka
Hola Alfredo For rule 1 H4 is ranging and D&W are for sell only. For rule 2: we need to be above H4 TMA top band for sell but here we are below the bottom band So this is a no trade situation. Am I correct? {image} {image}
Correct, no trade on EurUsd. There are 4 pairs with active signals right now:

Buy GbpUsd
Buy GbpJpy
Buy EurCad
Buy EurJpy

Only the trigger is needed on these now.
Observation is the path to discovery.
  • #15,049
  • Nov 12, 2018 3:08pm Nov 12, 2018 3:08pm
yes you are right

Slopes are ranging and price below the H4 band.
For the trigger we can place a pending order just above the high of the previous H4 candle.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 12-11-2018.png Size: 48 KB
  • #15,050
  • Nov 12, 2018 3:13pm Nov 12, 2018 3:13pm
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}
I was looking back again at that EA performance.
How is possible you get 51 consecutive winners and zero loss?
Can't be right.
All systems have losses unless the SL is so big that is hard to reach but system like that tend to have high win% but just 1 loss will wipe everything
  • #15,051
  • Nov 12, 2018 10:01pm Nov 12, 2018 10:01pm
Quoting Alorente
{quote} Correct, no trade on EurUsd. There are 4 pairs with active signals right now: Buy GbpUsd Buy GbpJpy Buy EurCad Buy EurJpy Only the trigger is needed on these now.

Hi Alorente,

Referring to Merka post on EU chart, would like to clarify is it as long as D&W(either one or both) are still(or must?) at sell only we will be looking to short when it reaches the TMA upper band even though H4 had turned to buy only.

Thank you
  • #15,052
  • Nov 12, 2018 10:07pm Nov 12, 2018 10:07pm
Quoting Alorente
{quote} Correct, no trade on EurUsd. There are 4 pairs with active signals right now: Buy GbpUsd Buy GbpJpy Buy EurCad Buy EurJpy Only the trigger is needed on these now.

Hi Alorente,

For instant for GU H4 Time frame chart, aware that we are looking for long trade. However, the W1 is at sell only and D1 & H4 is in ranging currently. As such does we disregard this condition once the first signal that indicates buy only appear previously?

Thanks you.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 88 KB
  • #15,053
  • Nov 12, 2018 11:30pm Nov 12, 2018 11:30pm
Quoting impossible82
{quote} Hi Alorente, For instant for GU H4 Time frame chart, aware that we are looking for long trade. However, the W1 is at sell only and D1 & H4 is in ranging currently. As such does we disregard this condition once the first signal that indicates buy only appear previously? Thanks you. {image}
All three TMAs (H4, D1 and W1) are ranging. (-0.30 to 0.30) GU is a Buy.
Observation is the path to discovery.
  • #15,054
  • Nov 12, 2018 11:33pm Nov 12, 2018 11:33pm
Quoting Merka
{quote} I was looking back again at that EA performance. How is possible you get 51 consecutive winners and zero loss? Can't be right. All systems have losses unless the SL is so big that is hard to reach but system like that tend to have high win% but just 1 loss will wipe everything
Exactly. That has been the problem with the Extreme TMA EAs. 100 consecutive winners and 2 or 3 big losses that wipe out the profits. I am working on developing a hedging system for the losers. More work to be done.
Observation is the path to discovery.
  • #15,055
  • Nov 13, 2018 1:17am Nov 13, 2018 1:17am
Quoting Alorente
GBPNZD is looking good right now. I am long for a potential 1500 pips. {image}
Did your position still opened to long?
  • #15,056
  • Nov 13, 2018 1:32am Nov 13, 2018 1:32am
@Alorente:

Best friend is like the ray of sunshine in the darkness. When storm clouds of life are gathering and it seems that there’s no hope, the best friend will always come to you and light your way out.

you are best friend man
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #15,057
  • Nov 13, 2018 2:36am Nov 13, 2018 2:36am
Quoting Ladzius
{quote} Did your position still opened to long?
Yes it is. I will ride the swings higher in this pair, entering under the H4 lower band when slope higher than -0.30 and exiting each time at the H4 upper band. I expect GBPNZD to rise 1500 pips in the next few months.
Observation is the path to discovery.
  • #15,058
  • Nov 13, 2018 2:37am Nov 13, 2018 2:37am
Quoting adelzadeh
@Alorente: Best friend is like the ray of sunshine in the darkness. When storm clouds of life are gathering and it seems that there’s no hope, the best friend will always come to you and light your way out. you are best friend man
Thanks for the kind words.
Observation is the path to discovery.
  • #15,059
  • Nov 13, 2018 5:18am Nov 13, 2018 5:18am
Hi Alorente, Thanks for all the sharing you had made.

AUDNZD: W1,D1 is ranging. Current waiting for H4 to go above -0.3 before going long.

Hope i'm right.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 108 KB
  • #15,060
  • Nov 13, 2018 5:30am Nov 13, 2018 5:30am
Quoting impossible82
Hi Alorente, Thanks for all the sharing you had made. AUDNZD: W1,D1 is ranging. Current waiting for H4 to go above -0.3 before going long. Hope i'm right. {image}
You are right. AudNzd is a great potential pair to trade.
Observation is the path to discovery.
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