Extreme TMA System | Page 24 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Hennis Extreme TMA System 105 replies

TMA Reality Tour 116 replies

Happs with TMA Trading Journal 25 replies

MTF TMA 287 replies

SnakeForce - simple TMA with alert? 3 replies

Attachments: Extreme TMA System
Exit Attachments

Extreme TMA System

  • #461
  • Feb 22, 2012 10:04am Feb 22, 2012 10:04am
Quoting lionsden
Great thread!

So on the AUDUSD are we looking at a possible long here?

thanks
Lionsden
it seems that pa was already to much into the bands when signal occured and the bands are south
  • #462
  • Feb 22, 2012 10:06am Feb 22, 2012 10:06am
Quoting Alorente
No. 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.
ok
what would be your MM for such an account :
10 000 euros balance
8 pairs monitored (not 8 trades simultaneously...)
1:100
spreads 2 to 3
  • #463
  • Feb 22, 2012 10:07am Feb 22, 2012 10:07am
Quoting futurespeter
Alorente, I did understand the flow of the TMA is important, or am I wrong?
Yes if it is level or in the direction of your trade, the probability of a more profitable trade increases. But slanting in the opposite direction does not preclude the trade, it just makes it riskier.
Observation is the path to discovery.
  • #464
  • Feb 22, 2012 10:08am Feb 22, 2012 10:08am
Quoting Alorente
For 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.
so your recovery orders are same size as first one ?
never increase next level trades size ?
  • #465
  • Feb 22, 2012 10:09am Feb 22, 2012 10:09am
Just got back in front of my MT4 terminal, after browsing many pair got a possible entry at audusd and euraud. Entered short on both pair. Well, the NZDJPY pair that I close at be+some pips now on the other side of the TMA channel.
  • #466
  • Feb 22, 2012 10:11am Feb 22, 2012 10:11am
Good trade lining up on USDCHF. 1 is done, still need 2 & 3.
Observation is the path to discovery.
  • #467
  • Feb 22, 2012 10:11am Feb 22, 2012 10:11am
It wasnt when i posted....but I understand your point at this time in the trade.

thanks

Quoting Alorente
Price is too close to center line with TMA dropping leaving little room for profit to the opposite band. Not a high % trade.
  • #468
  • Feb 22, 2012 10:14am Feb 22, 2012 10:14am
Short on AUDUSD ? wouldnt do that right now...

Quoting Passerby
Just got back in front of my MT4 terminal, after browsing many pair got a possible entry at audusd and euraud. Entered short on both pair. Well, the NZDJPY pair that I close at be+some pips now on the other side of the TMA channel.
  • #469
  • Feb 22, 2012 10:14am Feb 22, 2012 10:14am
Quoting realjumper
How can you accurately back test with repainting indicators?
Hi,

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,
Comer
  • #470
  • Feb 22, 2012 10:22am Feb 22, 2012 10:22am
Quoting Alex84
so your recovery orders are same size as first one ?
never increase next level trades size ?
Yes. If price drops another 100 (200 total) instead of recovering 50, I enter an order for 2 lots additional. On the next 100 drop, you enter 1 lot order, but close the first order at a loss. It is extremely improbable that price will not pull back 50% or 62% after a very large move. Thatīs what recovery is based on. Is it infallible? No. Nothing is, but it has worked for me and for many other traders too.
Observation is the path to discovery.
  • #471
  • Edited 10:40am Feb 22, 2012 10:27am | Edited 10:40am
Quoting lionsden
Short on AUDUSD ? wouldnt do that right now...
Sorry its audnzd, lol. Btw, I just realize that I am currently shorting and buying aud and locked in some hedge. It's like I am shorting eurnzd, which also have a short signal. And now I trade with 0.2 lot, still below what I used to trade with the system I use right now.
Attached Image
  • #472
  • Feb 22, 2012 10:29am Feb 22, 2012 10:29am
Hi 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 move on !

I think this is most important, to determine the risk and reward for each trade and maybe give it some reasonable timing for exit.
I am willing to hear some ideas ahead with you all !

Thanks and Enjoy !
  • #473
  • Feb 22, 2012 10:34am Feb 22, 2012 10:34am
Quoting comer
Hi,

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,
Comer
This one could be useful, thanks.
  • #474
  • Feb 22, 2012 10:37am Feb 22, 2012 10:37am
Trades today:

EURUSDShort = +39 pips Closed Position (Should have reversed and taken the long. It quickly went to the other band for 50 pips, but had decided not to go long the EUR)

Gold Short = + 15 pips. Closed Position (Should have waited for the opposite band. Missed out on a substantial move across the lower band)

EURJPY Short = BE TP Closed Position.

EURGBP Short = Open Position -26 pips with BE TP

EURAUD Short= Open Position +5 pips. Still targeting the lower band.

Not a good day so far but it ainīt over till itīs over..
Observation is the path to discovery.
  • #475
  • Feb 22, 2012 10:47am Feb 22, 2012 10:47am
Quoting LuisPrinc
Hi 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...
I mentioned on Page 1 where the logical SL would be. Above the previous swing high for short, below the previous swing low for long. For example, if you were to short right now EURAUD, your stop loss would be placed at 1.2465. I will make it clearer with an example on Page 1 in the following days.
Observation is the path to discovery.
  • #476
  • Feb 22, 2012 10:47am Feb 22, 2012 10:47am
Good 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 !
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 32 KB
  • #477
  • Feb 22, 2012 10:52am Feb 22, 2012 10:52am
Trades so far with this system:
Yesterday:
E/U: +35 pips
A/U:+20 pips
G/A: +33
Today:
G/J: +20
G/A: Currently -5
E/A: down -10
E/Gown -10

Closed pips so far: +108!
  • #478
  • Feb 22, 2012 10:57am Feb 22, 2012 10:57am
I have not mentioned another condition that I use with this system, which I will also be adding to page 1:

If after placing a trade, the market moves against me, and the TMA center line reaches my entry price, I then set a BE Target Price. Thatīs what I did today with EURJPY. The centerline reached my entry price at about 13:30 CET. I set the TP to BE and the TP was reached at 16:00 CET.
Observation is the path to discovery.
  • #479
  • Feb 22, 2012 11:00am Feb 22, 2012 11:00am
Quoting Passerby
This one could be useful, thanks.
I think so too. In fact, I'd recommend anyone trying to understand a system load this up and just eyeball a hundred bars worth of action while studying the rules (post #1).

A picture is worth a thousand words Especially a moving picture
  • #480
  • Feb 22, 2012 11:02am Feb 22, 2012 11:02am
Quoting ninpojutsu
Good 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 !
Hola Tio. De que ciudad eres?
Observation is the path to discovery.
11 traders viewing now