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Extreme TMA System

  • #661
  • Feb 23, 2012 2:29am Feb 23, 2012 2:29am
I am short AudUsd at 1.0690
Observation is the path to discovery.
  • #662
  • Feb 23, 2012 2:31am Feb 23, 2012 2:31am
Quoting Alorente
[b]I have updated the Entry Rules, changed the templates and added 2 EAīs that automatically will place the long or short orders. I have changed the zip file on page one to incorporate these new EAs and templates. For those of you that prefer not to download the zip file again, I am attaching here the two EA files and the two new templates. You can replace the old templates with these two new ones and copy the two EA files to the Experts folder of your MT4 platform (Not the Indicators folder !).

Please let me know if you have any questions, and...
so the ea will place only good entries ?
need 2 charts per pair ???
  • #663
  • Feb 23, 2012 2:31am Feb 23, 2012 2:31am
Quoting Alorente
[b]I have updated the Entry Rules, changed the templates and added 2 EAīs that automatically will place the long or short orders. I have changed the zip file on page one to incorporate these new EAs and templates. For those of you that prefer not to download the zip file again, I am attaching here the two EA files and the two new templates. You can replace the old templates with these two new ones and copy the two EA files to the Experts folder of your MT4 platform (Not the Indicators folder !).

Please let me know if you have any questions, and...
Thanks for your hard work, but why you put both EAs not in one?
  • #664
  • Feb 23, 2012 2:36am Feb 23, 2012 2:36am
Quoting Alex84
so the ea will place only good entries ?
need 2 charts per pair ???
No. Only one chart per pair. If you are trading short, you will apply the Short EA. If long, apply the Long Ea. Once the order triggers, the EA will suspend and it will say EA is Suspended on the upper left of your chart. You can then remove the EA and manage the order manually from there.
Observation is the path to discovery.
  • #665
  • Feb 23, 2012 2:45am Feb 23, 2012 2:45am
These EAs have been thoroughly tested and used in other great systems very successfully. I originally decided not to use them in order to simplify the TMA system as much as possible. Some traders have never used EAs and I didnīt want to confuse them. Today I clearly saw that they are necessary in order to avoid the early entries that we saw this morning. Once you use them for a while, you will love them. The key to their success is that once the conditions are met and you apply the EA to your chart, they will trigger the order in the direction that you want, so you are much less likely to have the order go against you as happened to a couple of you this morning. The closer to the outer band the white line is on the chart when the order triggers, the better. The ideal situation is to have it triggered (cross the white line) above the band for short or below the band for long, but that is not very common. When that happens, the trade has a large chance of being very profitable.
Observation is the path to discovery.
  • #666
  • Feb 23, 2012 2:50am Feb 23, 2012 2:50am
Thanks Al! I'll try your indicator
  • #667
  • Feb 23, 2012 2:51am Feb 23, 2012 2:51am
Quoting interbucks
Alfredo, are u still running this trade.....was it a mistake to have entered this specific one.....its currently running opposite direction.
Thanks for all the sharing and all the inputs from all over. Very much appreciated... learning a lot as newbie. God bless.
Yes. I am still in the trade. Currently -18 pips.
Observation is the path to discovery.
  • #668
  • Feb 23, 2012 2:53am Feb 23, 2012 2:53am
Al , do you keep short in GBPUSD?

Ok, I just read the answer.
  • #669
  • Feb 23, 2012 3:01am Feb 23, 2012 3:01am
Another important point i would like to make here is wave analysis (higher lows, Lower highs).

No matter what TF you trade or what pair you trade if you pay attention to the waves that a pair produces then you will be able to anticipate the next move of PA to a certain extent.

This system is all about the waves that PA produces so the 123 pattern can also be used as an advantage here

Heres a chart of what one should look for to analyze waves.
Its really simple
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenShot002.jpg Size: 43 KB
X-man the legendary conqueror of markets
  • #670
  • Feb 23, 2012 3:01am Feb 23, 2012 3:01am
Entered short on Gold at 1777.37
Observation is the path to discovery.
  • #671
  • Feb 23, 2012 3:03am Feb 23, 2012 3:03am
Quoting X-Man
Another important point i would like to make here is wave analysis (higher lows, Lower highs).

No matter what TF you trade or what pair you trade if you pay attention to the waves that a pair produces then you will be able to anticipate the next move of PA to a certain extent.

This system is all about the waves that PA produces so the 123 pattern can also be used as an advantage here

Heres a chart of what one should look for to analyze waves.
Its really simple
Great point. That is precisely what this system attempts to capture. Thanks again for your input.
Observation is the path to discovery.
  • #672
  • Feb 23, 2012 3:04am Feb 23, 2012 3:04am
Al,

if you check, in the essence, we actually don't need to look to extreme spike and 10 MA crossover indicators, 'cause the only valid signal is PA cross over 5 smoothed MA if the latter is above/below TMA extremes. Am I wrong?
For my fallen angels.
  • #673
  • Feb 23, 2012 3:07am Feb 23, 2012 3:07am
Quoting Alorente
No. Only one chart per pair. If you are trading short, you will apply the Short EA. If long, apply the Long Ea. Once the order triggers, the EA will suspend and it will say EA is Suspended on the upper left of your chart. You can then remove the EA and manage the order manually from there.
For 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.
Observation is the path to discovery.
  • #674
  • Feb 23, 2012 3:08am Feb 23, 2012 3:08am
selling gold @ 1.77780
Attached Image (click to enlarge)
Click to Enlarge Name: gold.jpg Size: 156 KB
Island hopping throughout the Caribbean
  • #675
  • Feb 23, 2012 3:09am Feb 23, 2012 3:09am
Quoting Alorente
Entered short on Gold at 1777.37
was PA not already a bit deep in the channel?
Attached Image
  • #676
  • Feb 23, 2012 3:10am Feb 23, 2012 3:10am
The GBPUSD trade is ready to trigger. If I had used the EA to place the trade, I would have entered at a better price than I did and avoid the acid reflux caused by the initial move against me.
Observation is the path to discovery.
  • #677
  • Feb 23, 2012 3:10am Feb 23, 2012 3:10am
Quoting dumplin_eater
selling gold @ 1.77780
I.m with you on the trade.
Observation is the path to discovery.
  • #678
  • Feb 23, 2012 3:12am Feb 23, 2012 3:12am
Quoting Fame of me
Thanks for your hard work, but why you put both EAs not in one?
Because I only one one trade triggered, either short or long. This way there is no possibility of triggering both trades. It could be in one, but I prefer it this way.
Observation is the path to discovery.
  • #679
  • Feb 23, 2012 3:13am Feb 23, 2012 3:13am
Quoting Alorente
[b]These EAs have been thoroughly tested and used in other great systems very successfully. I originally decided not to use them in order to simplify the TMA system as much as possible. Some traders have never used EAs and I didnīt want to confuse them. Today I clearly saw that they are necessary in order to avoid the early entries that we saw this morning. Once you use them for a while, you will love them. The key to their success is that once the conditions are met and you apply the EA to your chart, they will trigger the order in the direction...
does the ea set a tp and a sl ?
  • #680
  • Feb 23, 2012 3:20am Feb 23, 2012 3:20am
hmmm
i placed the buy ea on uy
and it placed a trade as the pa is still between the bands
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