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Extreme TMA System

  • #15,141
  • Nov 20, 2018 4:13am Nov 20, 2018 4:13am
Quoting matthew89
{quote} When you say 30 is that the 30 period exponential moving average? p.s ignore the above, will read the first few pages of the thread where it explains. Thanks for your reply btw mate.
this one
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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
  • #15,142
  • Nov 20, 2018 8:30am Nov 20, 2018 8:30am
Quoting adelzadeh
GUY'S hurry up TRY THIS GIFT no repaint no recalculate no expiry no anything you was think {image} {image} {file}
Adelzadeh

I don't want to disappoint anyone, but I believe this also repaints even though it says it is nrp. If you read MLaden's explanation of the TMA at forex-station he goes to great lengths to explain why it repaints and why it cant be made into a nrp version.
  • #15,143
  • Nov 20, 2018 11:19am Nov 20, 2018 11:19am
Quoting adelzadeh
GUY'S hurry up TRY THIS GIFT no repaint no recalculate no expiry no anything you was think {image} {image} {file}
Also here the same problem... just crosses seen but no bands at all on my MT4 build 1090
  • #15,144
  • Nov 20, 2018 11:32am Nov 20, 2018 11:32am
Try this compiled version.
Attached File(s)
File Type: ex4 TMA+CG mladen NRP.ex4   29 KB | 1,245 downloads



But a NRP version of tma isnt a tma anymore. Thats because of the way its calculated.
Stick to the plan!
  • #15,145
  • Nov 20, 2018 11:37am Nov 20, 2018 11:37am
Here is a true non repaint TMA, called TMA true. However the recalculating properties of a TMA is useful if used properly such as in Alfredo's Extreme TMA strategy. You will see when you open this indicator just how much a regular TMA smooths its lines compared to this indicator.
Attached File(s)
File Type: ex4 TmaTrue.ex4   6 KB | 1,038 downloads
File Type: mq4 TmaTrue.mq4   5 KB | 1,444 downloads
Nothing in life is to be feared, it is only to be understood.
  • #15,146
  • Nov 20, 2018 11:38am Nov 20, 2018 11:38am
Quoting Merka
@Alfredo Hi Your first post is dated 2012 so I guess you are using this system for about 6 years. Do you have an approximate statistics about your winning rate? Is it 30% or 40% etc... Thanks
Giving rate returns is irrelevant because it depends greatly on your MM and on where you set your stop loss. Since there are dozens of different ways to handle both, whatever rate I give you would be meaningless.
Observation is the path to discovery.
  • #15,147
  • Nov 20, 2018 11:44am Nov 20, 2018 11:44am
Quoting Klausi
Try this compiled version.{file} But a NRP version of tma isnt a tma anymore. Thats because of the way its calculated.
Thanks is working now.
The only thing to understand now if it's NRP or not
  • #15,148
  • Nov 20, 2018 11:49am Nov 20, 2018 11:49am
Quoting matthew89
Here is a true non repaint TMA, called TMA true. However the recalculating properties of a TMA is useful if used properly such as in Alfredo's Extreme TMA strategy. You will see when you open this indicator just how much a regular TMA smooths its lines compared to this indicator. {file} {file}
I have never been able to trade successfully with True TMA. It is too haphazard. The regular TMA repaints because it is giving you an estimation of what the next 50 bars should look like based on the past. It is the regularity of cycles within cycles and the way these are portrayed that makes TMA special. After you devote enough hours to learn how they move, you will be able to predict approximately where future bands will be and what price has to do for the bands to be there.
Observation is the path to discovery.
  • #15,149
  • Nov 20, 2018 11:51am Nov 20, 2018 11:51am
Quoting Alorente
{quote} I have never been able to trade successfully with True TMA. It is too haphazard. The regular TMA repaints because it is giving you an estimation of what the next 50 bars should look like based on the past. It is the regularity of cycles within cycles and the way these are portrayed that makes TMA special. After you devote enough hours to learn how they move, you will be able to predict approximately where future bands will be and what price has to do for the bands to be there.
You are very right, to be honest I should of said I don't recommend it either, your system works great just as it is. The TMA true takes away the adaptive qualities of a regular TMA that makes it useful.
Nothing in life is to be feared, it is only to be understood.
  • #15,150
  • Nov 20, 2018 12:28pm Nov 20, 2018 12:28pm
Buy setup as H1 H4 D are ranging and price below H1 TMA bands
Attached Image (click to enlarge)
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  • #15,151
  • Nov 20, 2018 12:29pm Nov 20, 2018 12:29pm
Frustrating! I sold at the second yellow arrow, with my SL above the previous high (red line) and take profit at the TMA mid band (green line). Price reversed just to my SL before going down to my TP...

I know that trade management is a personal thing, but I'd be interested to hear how you guys manage your trades with this system.
Attached Image (click to enlarge)
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  • #15,152
  • Nov 20, 2018 12:43pm Nov 20, 2018 12:43pm
Quoting 00PIP
Frustrating! I sold at the second yellow arrow, with my SL above the previous high (red line) and take profit at the TMA mid band (green line). Price reversed just to my SL before going down to my TP... I know that trade management is a personal thing, but I'd be interested to hear how you guys manage your trades with this system. {image}
Its always frustrating when your stop gets hit man, just to then watch price go in the direction you anticipated. I will say this though mate, from the image of your trade your stop looked pretty tight for a 4hr chart, how big was it, 20 pips or so? Im in that same trade now, entered at 1.14029 and my stop is 100 pips at 1.15023, and im aiming for at least a 1:1 risk to reward with my TP a few pips above the level of support around 1.12878. Im just about to move my stop down to about 80 pips. Maybe use a larger stop in future mate so you dont get prematurely stopped out by a bit of noise. Just my opinion, unless you can justify a tight stop.
Nothing in life is to be feared, it is only to be understood.
  • #15,153
  • Nov 20, 2018 1:07pm Nov 20, 2018 1:07pm
Quoting 00PIP
Frustrating! I sold at the second yellow arrow, with my SL above the previous high (red line) and take profit at the TMA mid band (green line). Price reversed just to my SL before going down to my TP... I know that trade management is a personal thing, but I'd be interested to hear how you guys manage your trades with this system. {image}
This was the first time I have traded Als setup.

I had two entries on this trade, both at pretty much the same spots as your arrows. The first entry was premature, but I wanted to "average in" with smaller lot sizes. In retrospect I should have waited until your second arrow, because I didn't follow the trigger rule exactly (bit of FOMO kicked in)

That said I did not use a tight SL, but rather a 100+ pip hard SL as per Al (I had my SL above the 1.15 BRN). I exited at 1.13627 (the 50 MA). For the 2 trades I netted around 130 pips (49+83).

The one thing I was wary of is that price has touched the H4/D1/W1 TMA lower band once already around the 12th of Nov, so I wasn't sure if price would retrace back to that level again or whether EURUSD was actually rolling over and changing to an up trend. I notice with other rollovers, that there are multiple touches, but I wanted some initial success so got out of the trade. With more experience I may have stayed in or just taken a partial profit.

One thing I also noticed is that the TMA slope values were still ranging on H4 and were not moving to -0.03 quickly. I need to get a better handle on how they react and how much to read into them. More screen time needed

Anyways 00PIP that is how I played it as someone who is new to the Extreme TMA system. Any/All feedback welcome.
  • #15,154
  • Nov 20, 2018 1:24pm Nov 20, 2018 1:24pm
Quoting pakeha
{quote} This was the first time I have traded Als setup. I had two entries on this trade, both at pretty much the same spots as your arrows. The first entry was premature, but I wanted to "average in" with smaller lot sizes. In retrospect I should have waited until your second arrow, because I didn't follow the trigger rule exactly (bit of FOMO kicked in) That said I did not use a tight SL, but rather a 100+ pip hard SL as per Al (I had my SL above the 1.15 BRN). I exited at 1.13627 (the 50 MA). For the 2 trades I netted around 130 pips...
Good job. Donīt second guess yourself. You risked, you followed the rules and you won. Time to celebrate and look for your next trade.
Observation is the path to discovery.
  • #15,155
  • Nov 20, 2018 2:47pm Nov 20, 2018 2:47pm
Quoting matthew89
{quote} Its always frustrating when your stop gets hit man, just to then watch price go in the direction you anticipated. I will say this though mate, from the image of your trade your stop looked pretty tight for a 4hr chart, how big was it, 20 pips or so? Im in that same trade now, entered at 1.14029 and my stop is 100 pips at 1.15023, and im aiming for at least a 1:1 risk to reward with my TP a few pips above the level of support around 1.12878. Im just about to move my stop down to about 80 pips. Maybe use a larger stop in future mate so you...
Yeah it was about 20 pips. Probably too tight, I guess I'm used to trading shorter time frames. I'm always tempted to have as tight a stop as possible though because the tighter the stop, the better the potential R:R. But that does involve picking tops and bottoms, and getting burned as above... Next time I'll try a wider stop.
  • #15,156
  • Nov 20, 2018 2:51pm Nov 20, 2018 2:51pm
Quoting pakeha
{quote} This was the first time I have traded Als setup. I had two entries on this trade, both at pretty much the same spots as your arrows. The first entry was premature, but I wanted to "average in" with smaller lot sizes. In retrospect I should have waited until your second arrow, because I didn't follow the trigger rule exactly (bit of FOMO kicked in) That said I did not use a tight SL, but rather a 100+ pip hard SL as per Al (I had my SL above the 1.15 BRN). I exited at 1.13627 (the 50 MA). For the 2 trades I netted around 130 pips...
Thanks for your thoughts. I'm also new to this system - that EURUSD trade was my third. I should probably have had a wider stop. I was going for the previous high, but I guess placing the stop there means I'm picking the exact turn around point, which is likely to fail a lot.
  • #15,157
  • Nov 20, 2018 3:28pm Nov 20, 2018 3:28pm
Quoting George AUS
{quote} Out of respect to the nice Gentleman Al,,,, NO COMMENT ! ! ! !

Hi George,
Please Don't let this incident stop you from posting your charts.
Honestly speaking, I think whoever wants to gain some knowledge from your charts can easily do so. I know I have.
Thanks
  • #15,158
  • Edited 4:42pm Nov 20, 2018 4:08pm | Edited 4:42pm
Que tal Alorente,

Pedazo de sistema muchas gracias por tu ayuda!!!!!! Me he quedado loco cuando he empezado a leer y me he dado cuenta que la ultima actualizacion ha sido hace 10 dias y este post empezo en el 2012!!!!! jajajaja.

Si alguna vez estas por Sevilla avisa y nos tomamos una cervecita

Voy a escribir en ingles por si alguien le interesa mi pregunta.

The 4H timeframe is to slow for me I. I have seen that you can use the system for scalping using the same rules as stated in post 1 but instead use the slope of the 5M - 15M - 1H.

My question is how to use the RSI when scalping, I suppose that a trade is going to be taken when you get the TMA conditions and the RSI is in overbought/oversold territory but RSI 14 period rarely gets overbought or oversold when trending in small timeframes. Can you tell me how to use it please. I could not find the rules for the RSI on the first post.

Also if I were to trade the 15M chart will be the correct way to look at the TMA Slope of the following timeframes 15M - 1H - 4H and use the same rules as in post 1

Last but not least, do you mean that when you take long or short trades outside the bands, has the price for example the low of the bar for longs has to touch the lower band, the close has to be below the band or the whole band needs to be outside the band when the trigger takes place?
Thanks for your help and your great work
Kind Regards
  • #15,159
  • Nov 20, 2018 4:30pm Nov 20, 2018 4:30pm
Quoting KhalidY
{quote} Hi George, Please Don't let this incident stop you from posting your charts. Honestly speaking, I think whoever wants to gain some knowledge from your charts can easily do so. I know I have. Thanks
Gooooood morning Canada ,,,
Thank u so much for ur kind words and moral support khalid ,,,,,,
Yes people like urself who have sat with me on a personal level appreciate what one can do in this amazing game called trading .
As u said ,,, IF one cares to ask and be prepared to learn ,,, they have it available to them here .
You know me ,, i do NOT stumble easily ,,, as i have clocked too many years and hours to be effected by amateurs and un constructive rubbish .
Cheers Buddy
LOVE YOUR GAME WITH A PASSION ,,,,, WORK WITH A VISION ! ! ! ! !
  • #15,160
  • Nov 20, 2018 5:24pm Nov 20, 2018 5:24pm
Quoting Alorente
{quote} Good job. Donīt second guess yourself. You risked, you followed the rules and you won. Time to celebrate and look for your next trade.
Al, can I ask what percentage of your account are you risking if your 100 pip stop is hit?
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