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Extreme TMA System

  • #1,661
  • Feb 29, 2012 12:31am Feb 29, 2012 12:31am
Got all four signals for a long a while ago (red line), currently down 21 pips. Looking for a bounce at S2...

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Click to Enlarge Name: Capture.JPG Size: 82 KB
  • #1,662
  • Feb 29, 2012 12:32am Feb 29, 2012 12:32am
Quoting Tuauxp
Hi Al,

Thanks for this great post, and what a succes story this can get ?
I am into forex for half a year now and did a lot of reading and demo trading, now i started for real money. I must say this feels stranger and you get more careful about opening trades.

What i noticed reading and adding all the indicators is that everytime the TM slope goes up and the light green goes into darker green (+0,5) there is a perfect signal to buy, just wait for the lower band to touch or a bull spike and go ahead enter the trade.
This is also for a sell when...
Yes. That would be when Rule 1 becomes valid so if the other Rules are also valid, itīs a good trade. You can be inside the range zone and it would be a good trade also. You donīt need to have the actual cross into the zone as long as you are in it.
Observation is the path to discovery.
  • #1,663
  • Feb 29, 2012 12:36am Feb 29, 2012 12:36am
Quoting corvogrigio
Excuse me Al,

I have all of them in range zone and USDCAD since yesterday.

Just to know if it was your mistyping (meaning another cross) or if I have something wrong in my indicator (it s slope2 v. 1.2)
Sorry, I had UsdCad in H1 TF. That is becoming a problem for me. I have 24 charts on my screens and sometimes I change Periodicity to see how the pair looks in a different TF and I forget to change it back. I need an indicator that clearly stands out with the actual TF. A big M15, H1, H4, etc. Maybe in the upper left corner of the chart in red. Any volunteers to make it for me? I would appreciate it.
Observation is the path to discovery.
  • #1,664
  • Feb 29, 2012 12:39am Feb 29, 2012 12:39am
Quoting pedross
Got all four signals for a long a while ago (red line), currently down 21 pips. Looking for a bounce at S2...

Attachment
You were too close to center line when you entered that position. That is dangerous. You need to wait for price to be outside the band as much as possible. This is very important to have a high probability trade. Even higher if you have a support level to help you there.
Observation is the path to discovery.
  • #1,665
  • Feb 29, 2012 12:40am Feb 29, 2012 12:40am
Quoting Alorente
Sorry, I had UsdCad in H1 TF. That is becoming a problem for me. I have 24 charts on my screens and sometimes I change Periodicity to see how the pair looks in a different TF and I forget to change it back. I need an indicator that clearly stands out with the actual TF. A big M15, H1, H4, etc. Maybe in the upper left corner of the chart in red. Any volunteers to make it for me? I would appreciate it.
I saw that somewhere ..... i'm pretty sure it exists....i'll try to find it out
  • #1,666
  • Feb 29, 2012 12:47am Feb 29, 2012 12:47am
Hey Al,

Thank you for creating this thread, I have almost caught up with the reading and it has been great. Lots of new things to learn and this seems like a great system.

I have been demoing this today and so far had two trades with +33pip total.

Going to continue following this thread and hopefully go live very soon once I gain the confidence.
  • #1,667
  • Feb 29, 2012 12:50am Feb 29, 2012 12:50am
Quoting Alorente
Sorry, I had UsdCad in H1 TF. That is becoming a problem for me. I have 24 charts on my screens and sometimes I change Periodicity to see how the pair looks in a different TF and I forget to change it back. I need an indicator that clearly stands out with the actual TF. A big M15, H1, H4, etc. Maybe in the upper left corner of the chart in red. Any volunteers to make it for me? I would appreciate it.
Try this indi Al
Attached File(s)
File Type: mq4 Display symbol and timeframe.mq4   78 KB | 619 downloads
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,668
  • Feb 29, 2012 12:55am Feb 29, 2012 12:55am
Quoting SnailRoll
Hey Al,

Thank you for creating this thread, I have almost caught up with the reading and it has been great. Lots of new things to learn and this seems like a great system.

I have been demoing this today and so far had two trades with +33pip total.

Going to continue following this thread and hopefully go live very soon once I gain the confidence.
Great to hear. Welcome aboard !!
Observation is the path to discovery.
  • #1,669
  • Feb 29, 2012 12:56am Feb 29, 2012 12:56am
Hi Al,
The progress here is really fast. Kind of hard to keep up some times.

I Tried going through the posts from the beginning and compiling your tips and advice, but only was able to get to post #470 with 29 pages in MS Word.

I was so exhausted that I had to take a day off! (I'm no spring chicken, you know!)

Anyway, by the time I got back to the thread, many things had changed, and there were more posts than I had managed to compile.

Asi es la vida!

I think it would be best for me to focus on watching the system develop and see where it's going before starting this project, though I may work at it a bit from time to time.

Right now I need to focus on trading it, not describing it, es verdad?

Sound like Carl's slope indicator's da bomb!

We're all greatful to you for starting this thread!
The mind thinks, the heart knows...
  • #1,670
  • Feb 29, 2012 12:57am Feb 29, 2012 12:57am
Quoting crodzilla
Ok, I'm posting the template of sorts, to put this method in a dashboard type indicator.

This is by no means finished. This indicator is multi-pair and multi-timeframe, so it is very complicated. I have to work on this in stages.

This first version is to sort out the TMA for all timeframes and all pairs specified. It will indicate whether a pair and timeframe is in the TMA sell zone or buy zone.

Yes, you can change the pairs in the parameters. If you have an "m" after the "EURUSD", then the indicator will attach it for you (or any post-fix)....

Dear crodzilla:

Could you tell me the !ExtremeTMA_v5 is an indicator,not a EA?

if it's an indicator, could you share it with me in *.mq4?
  • #1,671
  • Feb 29, 2012 12:59am Feb 29, 2012 12:59am
Quoting Alorente
You were too close to center line when you entered that position. That is dangerous. You need to wait for price to be outside the band as much as possible. This is very important to have a high probability trade. Even higher if you have a support level to help you there.
Thanks for the reply Al, at the time though price was 13 pips from the center line (including spread) and I was shooting for a couple of pips shy of the FPV. However, price was inside the lower band at the time, but I will be more particular about only taking entries outside the bands-would you agree?

Pete
  • #1,672
  • Feb 29, 2012 1:08am Feb 29, 2012 1:08am
Hi Al,

Thank you so much for sharing your trading strategy.

I have downloaded your zip file, and tried your strategy for few days using demo account. So far I have gained 7%.
There is some thing I need to ask, may i know how to see the TMA slope?

Adolph Chia
  • #1,673
  • Feb 29, 2012 1:08am Feb 29, 2012 1:08am
I admit that I kind of just glazed over the 5x5 EAs as I only use MT4 for charting and manually enter my trades.

After getting into several trades that did not go my way, I searched and found this post that explained the importance of using the EA's for entering to avoid bad entries. Now I understand why I was having problems.

Any ideas on how I can use the 5x5 EA's to signal a trade since I don't use MT4 to make trades?
  • #1,674
  • Feb 29, 2012 1:09am Feb 29, 2012 1:09am
So that you know where I talk to you from for all those hours, here is where I spend most of my waking time. A good 14 hours a day spent in this office looking at these charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Alfredo - Office.jpg Size: 218 KB
Click to Enlarge Name: Alfredo - Desk.jpg Size: 184 KB
Click to Enlarge Name: Trading Setup.jpg Size: 221 KB
Observation is the path to discovery.
  • #1,675
  • Feb 29, 2012 1:11am Feb 29, 2012 1:11am
Quoting Alorente
So that you know where I talk to you from for all those hours, here is where I spend most of my waking time. A good 14 hours a day spent in this office looking at these charts.

Nice office man.

seems it is a persian carpet
  • #1,676
  • Feb 29, 2012 1:13am Feb 29, 2012 1:13am
Quoting Ever E. Man
Hi Al,
The progress here is really fast. Kind of hard to keep up some times.

I Tried going through the posts from the beginning and compiling your tips and advice, but only was able to get to post #470 with 29 pages in MS Word.

I was so exhausted that I had to take a day off! (I'm no spring chicken, you know!)

Anyway, by the time I got back to the thread, many things had changed, and there were more posts than I had managed to compile.

Asi es la vida!

I think it would be best for me to focus on watching the system develop...
Hi Ever,

Yes, please. Take a break. At our age we canīt overdue it, you know. Take it easy and weīll worry about compiling it all later in time.

The slope indicator is work by Zznbrm and Easy Ryder, with some help also from Shah.

Carl is responsible for the great dashboard he supplied yesterday.
Observation is the path to discovery.
  • #1,677
  • Feb 29, 2012 1:15am Feb 29, 2012 1:15am
Quoting aren
Dear crodzilla:

Could you tell me the !ExtremeTMA_v5 is an indicator,not a EA?

if it's an indicator, could you share it with me in *.mq4?
MQ4 of the dashboard will not be supplied until we have a near final version to not confuse matters badly. I agree with Carl on this (and most everything else, for that matter).
Observation is the path to discovery.
  • #1,678
  • Feb 29, 2012 1:16am Feb 29, 2012 1:16am
Quoting pedross
Thanks for the reply Al, at the time though price was 13 pips from the center line (including spread) and I was shooting for a couple of pips shy of the FPV. However, price was inside the lower band at the time, but I will be more particular about only taking entries outside the bands-would you agree?

Pete
Thatīs what I do. It seems the few times Iīve taken trades inside of it, I tend to not do as well.
Observation is the path to discovery.
  • #1,679
  • Feb 29, 2012 1:18am Feb 29, 2012 1:18am
Quoting adolphchia
Hi Al,

Thank you so much for sharing your trading strategy.

I have downloaded your zip file, and tried your strategy for few days using demo account. So far I have gained 7%.
There is some thing I need to ask, may i know how to see the TMA slope?

Adolph Chia
Can someone give adolphchia the ABCs on the Slope indi by PM? Thanks.
Observation is the path to discovery.
  • #1,680
  • Feb 29, 2012 1:19am Feb 29, 2012 1:19am
Argh, so that's how you get 9 charts on 1 screen, no market watch or terminal open.

I like to see my open positions and pending orders so 9 charts is pretty cramped even witha 23 inch screen.

I don't have the sun here but a good view out the window when I remember to look

Waiting for a crossover on E/G, rule 4.
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