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Extreme TMA System

  • #841
  • Feb 23, 2012 11:32am Feb 23, 2012 11:32am
Quote
Here we go (ForexFactory allows to upload only 7 files per post, so be patient, it is only the first group of the files):

Here's the second (the last) group of the files.

Unfortunately, ForexFactory doesn't allow to apload .chr files, so I can't upload "The 2 Screen Profile".

But the main Al's template ("extreme tma system") is in my previous post, and all the indicators you need for it are included in my previous post and in this post.

Good luck!
Attached File(s)
File Type: mq4 MA_Crossover_Histogram.mq4   4 KB | 1,550 downloads
File Type: mq4 MA_Crossover_Lines.mq4   3 KB | 1,210 downloads
File Type: ex4 Magnified_Market_Price.ex4   3 KB | 992 downloads
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 981 downloads
File Type: mq4 TMA.mq4   8 KB | 1,612 downloads
Gentlemen always play by the rules. If they can't, they change the rules.
  • #842
  • Feb 23, 2012 11:33am Feb 23, 2012 11:33am
Quoting LeanLowFx
I would like to know more about TMA indicator , are there any article or something to read how it excatly works ? Thanks
Here is a discussion about it:

http://www.forexfactory.com/showthread.php?t=299019
Observation is the path to discovery.
  • #843
  • Feb 23, 2012 11:35am Feb 23, 2012 11:35am
Quoting LeanLowFx
I would like to know more about TMA indicator , are there any article or something to read how it excatly works ? Thanks
Here is how itīs calculated:

http://daytrading.about.com/od/indic...Triangular.htm
Observation is the path to discovery.
  • #844
  • Feb 23, 2012 11:36am Feb 23, 2012 11:36am
Quoting Favorite
Here's the second (the last) group of the files.

Unfortunately, ForexFactory doesn't allow to apload .chr files, so I can't upload "The 2 Screen Profile".

But the main Al's template ("extreme tma") is in my previous post, and all the indicators you need for it are included in my previous post and in this post.

Good luck!
Thanks Mike. That saved me some work. I appreciate it.
Observation is the path to discovery.
  • #845
  • Feb 23, 2012 11:42am Feb 23, 2012 11:42am
Quoting Alorente
Thanks Mike. That saved me some work. I appreciate it.
Gentlemen always play by the rules. If they can't, they change the rules.
  • #846
  • Feb 23, 2012 12:00pm Feb 23, 2012 12:00pm
Short S&P at 1359
Observation is the path to discovery.
  • #847
  • Feb 23, 2012 12:07pm Feb 23, 2012 12:07pm
Alfredo,
thank you very much for this great system.

One question:
Will you reveal how you trade the Recovery ?

I like how you wait for price to come back into profit instead of closing
with a loss, but here and there price might shoot 50 or 100 or more Pips against the initial entry .... and that is where the "beef" is for me.
Being able to handle such extreme drawdowns would create a tremendous
good "feeling".
  • #848
  • Feb 23, 2012 12:13pm Feb 23, 2012 12:13pm
Quoting fxtr51
Alfredo,
thank you very much for this great system.

One question:
Will you reveal how you trade the Recovery ?

I like how you wait for price to come back into profit instead of closing
with a loss, but here and there price might shoot 50 or 100 or more Pips against the initial entry .... and that is where the "beef" is for me.
Being able to handle such extreme drawdowns would create a tremendous
good "feeling".
Attached is a doc file that explains the process in minute detail. Also yesterday I posted twice extensively how I do it. Click on my posts to the right and youīll find it quite easily.
Attached File(s)
File Type: doc Recovery trades.doc   322 KB | 1,333 downloads
Observation is the path to discovery.
  • #849
  • Feb 23, 2012 12:16pm Feb 23, 2012 12:16pm
And there goes EUR/AUS! Looking for short soon.....
  • #850
  • Feb 23, 2012 12:21pm Feb 23, 2012 12:21pm
This system have very much laging indicators , sorry if i'm rude , but I don't think that it is possible to make money in a long term with this system .
  • #851
  • Feb 23, 2012 12:25pm Feb 23, 2012 12:25pm
Quoting fxtr51
Alfredo,
thank you very much for this great system.

One question:
Will you reveal how you trade the Recovery ?

I like how you wait for price to come back into profit instead of closing
with a loss, but here and there price might shoot 50 or 100 or more Pips against the initial entry .... and that is where the "beef" is for me.
Being able to handle such extreme drawdowns would create a tremendous
good "feeling".
Let me also explain that this system, because of the rules, gets you into a position at an already overextended extreme. It is very improbable that the market would move 100 pips against you or anything like it. That to me is the most important point in favor of this system. In the past, almost all of the times I have gotten into trouble with a trade, it has been because I entered too early, before the move was close to exhaustion. With this one you enter at extreme exhaustion and if it goes against you itīs going to be limited to 10 or 20 pips taking it to ultra extreme exhaustion. From that point, what usually happens is what happened with GBPUSD today, the pull back is quite rapid and steep and usually goes straight to the opposite band. That is why I say that it is so important to try to enter trades as far over the band as possible. Not only will you make more pips, but you will make them much more quickly because of the spring or slingshot effect. My point is, you wont require Recovery much at all with this system. As I said this morning, in 10 months using it, Iīve only needed to use recovery twice and both times I closed the orders at BE.
Observation is the path to discovery.
  • #852
  • Feb 23, 2012 12:27pm Feb 23, 2012 12:27pm
Quoting LeanLowFx
This system have very much laging indicators , sorry if i'm rude , but I don't think that it is possible to make money in a long term with this system .
could you explain a little more why you think it won't profit in the long term ?
  • #853
  • Feb 23, 2012 12:28pm Feb 23, 2012 12:28pm
Placed Sell EA on Gold. White line nice and high, Tma flattening out.Exhausting candles. R1 behind my back. All three conditions were met at the time of placing EA.

Lets see!!
  • #854
  • Feb 23, 2012 12:28pm Feb 23, 2012 12:28pm
Quoting LeanLowFx
This system have very much laging indicators , sorry if i'm rude , but I don't think that it is possible to make money in a long term with this system .
Thatīs not what great traders like X-Man and Crodzilla said yesterday and today. They both traded the system live and both had winners on 100% of their trades. Check out their posts.
Observation is the path to discovery.
  • #855
  • Feb 23, 2012 12:30pm Feb 23, 2012 12:30pm
Iīm with you short gold at 1785.30 since 10 minutes ago.
Observation is the path to discovery.
  • #856
  • Edited 12:34pm Feb 23, 2012 12:32pm | Edited 12:34pm
Quoting Alorente
Iīm with you short gold at 1785.30 since 10 minutes ago.
Al did you manually enter or using EA ?

Obviously manual it has not crossed white liine!!
  • #857
  • Feb 23, 2012 12:34pm Feb 23, 2012 12:34pm
short on aud usd, 30 pips above outer band..risked it
  • #858
  • Feb 23, 2012 12:35pm Feb 23, 2012 12:35pm
Quoting distantpulse
And there goes EUR/AUS! Looking for short soon.....
Yes. That is looking like a great profitable trade soon. Especially after the long run itīs had these past days.
Observation is the path to discovery.
  • #859
  • Feb 23, 2012 12:38pm Feb 23, 2012 12:38pm
Quoting Alorente
Iīm with you short gold at 1785.30 since 10 minutes ago.
uptrend does'nt matter?
  • #860
  • Feb 23, 2012 12:41pm Feb 23, 2012 12:41pm
Quoting hardearned
Al did you manually enter or using EA ?

Obviously manual it has not crossed white liine!!
As I have said before, I am not using it because I donīt have stop loss close like others, so I would rather get the extra pips and trade of for a bit more risk. Itīs a tradeoff. I do use it when I want to enter the trade and Iīm busy doing other things.
Observation is the path to discovery.
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