Extreme TMA System | Page 87 | 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

  • #1,721
  • Feb 29, 2012 4:28am Feb 29, 2012 4:28am
Quoting realjumper
For me, a large part of the issues that I have with this system (just speaking for me, not anyone else) is that the extreme spike indi is not very helpful when used in isolation, or almost isolation.

I'm going to be a bit blunt here, but I certainly do not intend to disrespect anyone here, it's just the way I am.....'a spade is a spade' where I live!!

The extreme spike works reasonably well in Evaluators Symphonie system, and that's because it is not in isolation. It has 3 other indi's that have to agree before a trade is taken. Personally, I...
I agree with you that the Spike in isolation is useless. I view the Spike only as a heads up to get ready for MA Crossover, nothing more. Yes MA Cross repaints, but it is still extremely effective in over 90+% of the trades. Especially if you have the MA Crossover lines indi to show you how close you are to Crossover.

Stochastics is not a useful trigger. I gave up on it many years ago. It gives tons of false signals. To me it is the same to have an indi repaint, than to get a signal that right after proves to be false. Actually the latter is even worse...

The indi that may end up substituting the MA Cross is the TMA Slope indi. I see enormous potential for it, not only in giving entry signals, but exits as well. I need more time working with it, but at this point I am almost sure it will end up being the core of the trigger mechanism of this system.

I am very interested in seeing what you have up your sleeve. I respect your knowledge very much. I am sure it will be solid.

Thanks.
Observation is the path to discovery.
  • #1,722
  • Feb 29, 2012 4:35am Feb 29, 2012 4:35am
Quoting Alorente
I agree with you that the Spike in isolation is useless. I view the Spike only as a heads up to get ready for MA Crossover, nothing more. Yes MA Cross repaints, but it is still extremely effective in over 90+% of the trades. Especially if you have the MA Crossover lines indi to show you how close you are to Crossover.

Stochastics is not a useful trigger. I gave up on it many years ago. It gives tons of false signals. To me it is the same to have an indi repaint, than to get a signal that right after proves to be false. Actually the latter is even...
That's interesting Al.....we are on opposite sides of the spectrum regarding stochastics and MA Crossover!! That's all good though, it reminds me of a debate I had some years back regarding another trader who was insisting on shorts and I was insisting on longs, on the same currency pair. In the end, we both made money...lol....more than one way to skin a cat, no?

I'll let you see what I'm up to a bit later, I like to test for a few few weeks before making any claims. Just really wanted to let you know that I'm still working on this in my own way
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,723
  • Feb 29, 2012 4:36am Feb 29, 2012 4:36am
Quoting Timo7
Hi Al, whats your success rate with scalping?
With this system I have only executed 7 trades. 4 yesterday and 3 today. All winners, but smaller wins (around 12 to 15 pips) an the M1 TF. I really donŽt have time for scalping right now with the thread, but I can already see its potential, especially using the Slope indi.
Observation is the path to discovery.
  • #1,724
  • Feb 29, 2012 4:38am Feb 29, 2012 4:38am
Quoting shahrooz67
Is it the shape what you expect from divergence indicator ?!
You are getting there, Shah. Now you are closer to good divergence signals. Post the indi when you have it complete and IŽll evaluate it.
Observation is the path to discovery.
  • #1,725
  • Feb 29, 2012 4:38am Feb 29, 2012 4:38am
Well 7 out of 9 pairs I am watching just went very far from the TMA, is this something that happens often?
  • #1,726
  • Feb 29, 2012 4:40am Feb 29, 2012 4:40am
Quoting SnailRoll
Well 7 out of 9 pairs I am watching just went very far from the TMA, is this something that happens often?
Its cos of this news :

ECB Allots EUR529.53 Bln In 3-Year Refinancing Operation
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,727
  • Feb 29, 2012 4:40am Feb 29, 2012 4:40am
Quoting Alorente
You are getting there, Shah. Now you are closer to good divergence signals. Post the indi when you have it complete and IŽll evaluate it.
Here you are


Please let me know the problems with it
Attached File(s)
File Type: mq4 TmaSlope.v1.2.mq4   6 KB | 571 downloads
  • #1,728
  • Feb 29, 2012 4:42am Feb 29, 2012 4:42am
Quoting realjumper
That's interesting Al.....we are on opposite sides of the spectrum regarding stochastics and MA Crossover!! That's all good though, it reminds me of a debate I had some years back regarding another trader who was insisting on shorts and I was insisting on longs, on the same currency pair. In the end, we both made money...lol....more than one way to skin a cat, no?

I'll let you see what I'm up to a bit later, I like to test for a few few weeks before making any claims. Just really wanted to let you know that I'm still working on this in my own way...
WeŽll agree to disagree. In my view Stochastics is only useful in a ranging market. In trending markets it is totally useless except to point out divergences as you get closer to change of trend, but RSI and Trix do a better job at divergence detection.

I am very interested in what you are doing. I am sure it will be a winner. CanŽt wait to see it.
Observation is the path to discovery.
  • #1,729
  • Feb 29, 2012 4:43am Feb 29, 2012 4:43am
Quoting nitrate73
Its cos of this news :

ECB Allots EUR529.53 Bln In 3-Year Refinancing Operation
Should we still look for entrance after the news? Or avoid it all.
  • #1,730
  • Feb 29, 2012 4:43am Feb 29, 2012 4:43am
Quoting nitrate73
Its cos of this news :

ECB Allots EUR529.53 Bln In 3-Year Refinancing Operation
Must wait for the market to settle down before entering trades now.
Observation is the path to discovery.
  • #1,731
  • Feb 29, 2012 4:46am Feb 29, 2012 4:46am
Al,
DO you use the same TMA sytem and criteria for trading the 1min (apart from allowing for the narrower bands)? Thanks
  • #1,732
  • Feb 29, 2012 4:47am Feb 29, 2012 4:47am
UsdCad looks good here, sitting on S3 support.
Observation is the path to discovery.
  • #1,733
  • Feb 29, 2012 4:47am Feb 29, 2012 4:47am
Quoting domino01
Al,
DO you use the same TMA sytem and criteria for trading the 1min (apart from allowing for the narrower bands)? Thanks
Yes.
Observation is the path to discovery.
  • #1,734
  • Feb 29, 2012 4:47am Feb 29, 2012 4:47am
Quoting Alorente
WeŽll agree to disagree. In my view Stochastics is only useful in a ranging market. In trending markets it is totally useless except to point out divergences as you get closer to change of trend, but RSI and Trix do a better job at divergence detection.

I am very interested in what you are doing. I am sure it will be a winner. CanŽt wait to see it.
Perfect
Doing what you like is Freedom. Liking what you do is Happiness.
  • #1,735
  • Feb 29, 2012 5:00am Feb 29, 2012 5:00am
A message for inexperienced traders:

I have been observing in minute detail how the Extreme TMA System works in the H1 and H4 time frames and I am very happy with the conclusions of my observations. I especially like the H1 time frame. The signals are clear and allow for much more leeway and thinking time when entering and exiting. You donŽt have to be as precise to be profitable as with M15. You will get less signals and your daily returns will be considerably lower than with M15, but your risk will be much lower too. For those of you inexperienced in the art of trading, I now would recommend that you start on H1 charts when you move to live money. As you gain experience, you can move up to M15. Remember, the key to trading successfully is to, above all: Not to Lose Money.
Observation is the path to discovery.
  • #1,736
  • Feb 29, 2012 5:10am Feb 29, 2012 5:10am
Here is a comparison of what I was just saying in my previous post:

The M15 chart below, paints the last 3 candles in a pretty hectic fashion. An extreme move to much below the opposite bar that scares all but the most experienced traders.

The H1 below it, on the other hand puts those last bars in a larger context of a normal and gradual move down to the opposite band. It filters out all that noise very well. It is a much more relaxed and in control form of trading for inexperienced traders.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd - m15.jpg Size: 155 KB
Click to Enlarge Name: eurusd - h1.jpg Size: 164 KB
Observation is the path to discovery.
  • #1,737
  • Feb 29, 2012 5:11am Feb 29, 2012 5:11am
Al: could it be that you will drop your THV setup and use the Extreme TMA System exclusively?

Your friend,

Steve
  • #1,738
  • Feb 29, 2012 5:12am Feb 29, 2012 5:12am
Quoting shahrooz67
Here you are


Please let me know the problems with it
Hi Shahrooz,

Thank you. It works fine, but I still think colour change on slop direction change is easier to follow, similar to that MACD OsMA I posted.

Regards
Rojan
  • #1,739
  • Feb 29, 2012 5:20am Feb 29, 2012 5:20am
Quoting stevewide
Al: could it be that you will drop your THV setup and use the Extreme TMA System exclusively?

Your friend,

Steve
No, but it is pretty certain that I will now use the TMA system as my primary system to enter and exit orders and the THV4 system as a backup to give me a good overall view of where the market is and what it is doing. THV is better than TMA at giving you a birds eye view, which translates into building confidence in what you are doing. TMA is much superior to THV in actually giving you the entries and exits, the bread and butter of trading. I traded with THV for many years and I was nowhere close to the success rate that I have with the TMA system. About 80% for THV as opposed to around a 94% success rate for TMA. Having a huge success rate like this is necessary to be able to use Recovery, because you will only use it in an isolated trade that goes bad on you, not on 20% of the trades as with THV.
Observation is the path to discovery.
  • #1,740
  • Feb 29, 2012 5:20am Feb 29, 2012 5:20am
Quoting Alorente
Here is a comparison of what I was just saying in my previous post:

The M15 chart below, paints the last 3 candles in a pretty hectic fashion. An extreme move to much below the opposite bar that scares all but the most experienced traders.

The H1 below it, on the other hand puts those last bars in a larger context of a normal and gradual move down to the opposite band. It filters out all that noise very well. It is a much more relaxed and in control form of trading for inexperienced traders.
I am in that category and have been watching the H1 charts today.

On another note, anyone else having sizing problems with Crods !Extreme TMA v5? The writing is overlapping on my screen.
Attached Image (click to enlarge)
Click to Enlarge Name: overlap.jpg Size: 156 KB
13 traders viewing now