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Extreme TMA System

  • #2,501
  • Mar 1, 2012 12:19pm Mar 1, 2012 12:19pm
Quoting bluewatercat
pixelboy,

If I'm not mistaken, one of the key features needed to make this work is the ability to move money from one account to the other. I spoke with Oanda some time ago about this and they did not have an easy solution for moving money between the accounts. Is this still the case?

Greg
Hi Greg - It's now very easy with OANDA. It takes about 10 seconds to set up a sub-account and you can make instant transfers between them. There is a limit of 20 transfers per day between accounts, but I'm sure that is more than enough. There are no fees involved with this, but it does say that you will incur an exchange rate difference if your accounts happen to be in different currencies. I'm guessing that you will keep them in the same currency though.

The great thing about OANDA is the lot sizing is so flexible that you can test this with penny trades.

Edit: also the Java terminal is amazingly quick. It has none of the delays of MT4, so it's idea for scalping the M1. (I'm NOT on commission, by the way!)

PB
  • #2,502
  • Mar 1, 2012 12:19pm Mar 1, 2012 12:19pm
Quoting goldsurfer
Hey Al
Well jury is still out for me, no I've incorporated it to match what I like to do. I can never make myself trade a method exact, it has to be part me.

The amount of pips you say you make daily is impressive, er mind boggling.
I'll continue to follow along and when what I want to happen HAPPENS,
I'll let you know

carry onward

cheers
Well, not today, bud.

The market is in a state of coma and I am literally swamped with PMs and emails that I am answering. Canīt look for trading opportunities, So the weekly total will suffer. I wish more people would post publicly instead of sending PMīs but to each his own. I understand, though. Most of it is private stuff.
Observation is the path to discovery.
  • #2,503
  • Mar 1, 2012 12:20pm Mar 1, 2012 12:20pm
Quoting stevewide
Thanks Father!
Steve
Thanks mate. I really do not understand humor about color coding the direction, as it will in no way make things more difficult to comprehend but on the contrary you can see divergence right away with the color, especially with a few charts open. AT the moment it is pretty hard for me to see if it's growing or going down - and that's the key of the system! But maybe I'm the only one like that
  • #2,504
  • Mar 1, 2012 12:22pm Mar 1, 2012 12:22pm
Quoting tommyd
The reason many of you are getting the EURUSD tag on every chart bottom left is you are missing this indicator. It was not in the last packet.
Oops, sorry about that. I will include it tonight with the correct Slope indi.
Observation is the path to discovery.
  • #2,505
  • Mar 1, 2012 12:23pm Mar 1, 2012 12:23pm
Quoting Forex Girl
Ok, but Which one? TMA slope V.1.3.? because this one was attached by Al on Packet file...Thanks again!
Bye from Brazil
Give me an hour and I will update the zip with everything in it.
Observation is the path to discovery.
  • #2,506
  • Mar 1, 2012 12:25pm Mar 1, 2012 12:25pm
Quoting corvogrigio
I want to show you my idea 4 scanning the market and see force/weakness of currencies. I remember that someone mentioned this broker (SIGTRADER) that has these indexes created with correlation between the 8 most common currencies. I applied to them the TMA template (as I adjusted 4 me TMA bands are the thick green ones)

I attache two pics for example
Hope it can help

Notice that LFXJPY (only) is the index of other 7 currencies against JPY so: LFXJPY STRONG JPY WEAK and so on...
Corvo,

I thought you didnīt have any time and look what youīve done...

Iīll check it tonight.
Observation is the path to discovery.
  • #2,507
  • Mar 1, 2012 12:25pm Mar 1, 2012 12:25pm
audjpy @ r2 on watch. who agrees?
  • #2,508
  • Mar 1, 2012 12:26pm Mar 1, 2012 12:26pm
Quoting prudente02
Enhorabuena Alfredo por tu sistema es de lo mejorcito que he visto. Sigue así y muchisimas gracias por compartirlo con todos nosotros. Lo único que siento es no poder aportar nada debido a mi poca experiencia como trader pero desde aquí darte las gracias por tu aporte desinteresado.

Sigue así Campeón...
Gracias, amigo. Desde donde me escribes?.
Observation is the path to discovery.
  • #2,509
  • Mar 1, 2012 12:27pm Mar 1, 2012 12:27pm
Quoting Alorente
I would hold it, Sabrina, till the opposite band. Actually, I would change to a Daily chart and would hold it to the opposite band of D1, which is at around 80.

Good luck and remember that you have an open invitation to visit and stay at my house in Madrid.

Thanks for the kiss, mi ragazza Italiana.
Back from work right now and.. how many pages!!!.... you guys write a lot but is a pleasure to read!

Alfredo, my trade on nzdusd is a bit in negative now, but i trust in your judgment ( my sl is at the last swing high, perhaps a bit tight.. we'll see..)
however no problems, i'm on demo.


P.S. i was in Madrid three years ago, what a beautiful place!! food is very good and people very nice!!!
If i decide to visit your city you certainly will know!!
Another kiss for your patience with all the newbies here me too.
ciao
Sabrina
  • #2,510
  • Mar 1, 2012 12:28pm Mar 1, 2012 12:28pm
156 traders viewing this thread!...that's the highest I've ever seen.

PB
  • #2,511
  • Mar 1, 2012 12:31pm Mar 1, 2012 12:31pm
Dear Al,

Thanks for taking time to answer my questions, you are a real Gentleman, muchas gracios Senor

I really appreciate your help
Tracking the Specialists.
  • #2,512
  • Mar 1, 2012 12:31pm Mar 1, 2012 12:31pm
Quoting pixelboy
156 traders viewing this thread!...that's the highest I've ever seen.

PB
We actually hit 200 earlier this afternoon with 97 members.
Observation is the path to discovery.
  • #2,513
  • Mar 1, 2012 12:32pm Mar 1, 2012 12:32pm
I'm confused about the red and green arrows on TmaSlope V1.3.

If they show the first candle when slope changes then why do I see 2, 3 or more of the same color arrow in a row? For it to go back in the same direction, means it had to go in the opposite direction at some point, and should have put a different color arrow, no?
  • #2,514
  • Mar 1, 2012 12:38pm Mar 1, 2012 12:38pm
Quoting sabrys5769
Back from work right now and.. how many pages!!!.... you guys write a lot but is a pleasure to read!

Alfredo, my trade on nzdusd is a bit in negative now, but i trust in your judgment ( my sl is at the last swing high, perhaps a bit tight.. we'll see..)
however no problems, i'm on demo.


P.S. i was in Madrid three years ago, what a beautiful place!! food is very good and people very nice!!!
If i decide to visit your city you certainly will know!!
Another kiss for your patience with all the newbies here me too.
ciao
Sabrina
Hi Sabrina,

If you move to the Daily chart, and even on H4, your stop should be at 0.8475, which is right above yesterdays high.

Yes Madrid is a great place to live and to eat, too..

Thanks for your second kiss. Receive two from me also.
Observation is the path to discovery.
  • #2,515
  • Mar 1, 2012 12:41pm Mar 1, 2012 12:41pm
Quoting odellcash
I'm confused about the red and green arrows on TmaSlope V1.3.

If they show the first candle when slope changes then why do I see 2, 3 or more of the same color arrow in a row? For it to go back in the same direction, means it had to go in the opposite direction at some point, and should have put a different color arrow, no?
Shah, please give us a dissertation on the arrows please. We are all impatient to know what exactly do your arrows mean...
Observation is the path to discovery.
  • #2,516
  • Edited 1:06pm Mar 1, 2012 12:43pm | Edited 1:06pm
Hi crodzilla,

Thanks for Ver6 of the your indi , nice work, just to be sure i'm on the right track , if i want to only pick higher probability trades , i should go for the Red colored Sells and Green colored Buys right ? since red means slope is descending and green vice versa.

Edit: Oh nevermind Crod, my bad, i just realized the colors just match the slope color, it doesn't mean its ascending or descending, i've just compared some slopes and it can be green and still be descending.
You gotta know when to hold 'em, know when to fold 'em ...
  • #2,517
  • Mar 1, 2012 12:51pm Mar 1, 2012 12:51pm
Quoting Alorente
Corvo,

I thought you didnīt have any time and look what youīve done...

Iīll check it tonight.
Oh well.... it s a long time i'm studying single currencies trying to spot opposite excess that could guide to choose the best cross in that moment.

So i had yet that template and i just put on our indicators after reading your words about scanning the market, hoping that it could be useful.

Sha mentioned an indicator that can do the same on any broker (so u are not forced to use SIGTRADER) but he didnt post it till now
  • #2,518
  • Mar 1, 2012 12:54pm Mar 1, 2012 12:54pm
all indicators are repainting too much im disapointed how can i trust to signals.. even TMA is repainting.. Dear AL could you explain some about it??
i tested it with strategy tester (with a test EA) just for watching what happend in a day for indicators of this system . it is very untrustable repainting!
wether you think of success or not,both result are true
  • #2,519
  • Mar 1, 2012 12:58pm Mar 1, 2012 12:58pm
Quoting Alorente
Shah, please give us a dissertation on the arrows please. We are all impatient to know what exactly do your arrows mean...


what do the arrows do ?!

They show simple things ! a change in the trend even if the candle not showing a trend changing !

Consider we have been in a buy trend and slope has already been rising !
in a moment the current candle shows still a bull trend (close > open) but the tma slope shows a divergence and starts to drop. that time is the exact time which the arrow appear !(it can be counted as a trend over(seems good for exit signals))

But why you have got arrows 2 and three or so on too ?!

because after arrow 1, the slope starts to rise again (means the prediction of first arrow was incorrect (to some extent)) so what the indi should do ?!

Repainting the arrow 1 ?

i Prefer not the repainting ! so i let the arrow 1 be on his position ! and then prints arrow 2.

this is quite a confession . isn't it !?
  • #2,520
  • Mar 1, 2012 12:59pm Mar 1, 2012 12:59pm
Quoting Alorente
With FxPro that is a simple matter. I think Oanda does it too.
I just confirmed and you are correct, Oanda does support this from the web.

Thanks!

Greg
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