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Extreme TMA System

  • #3,141
  • Mar 4, 2012 11:32am Mar 4, 2012 11:32am
Quoting Alorente
FatherJack, I am the first one to say that trading is an extremely difficult profession that requires enormous self control and discipline. I explain to the members that I lost over $1 million in my first years of doing it. I mention the many pitfalls and obstacles that you will face. I posted today "The 25 Rules of Trading", where it clearly states that 95% of traders fail.

Just because something is very difficult, that doesnīt mean you cannot acquire, with time and effort, the skills to do it well. If I believed that I would have given up...
Al, I have the greatest respect for you. This has been one of the best started sharing threads. I have not read that you have lost 1000000 but it's not the point. Actually, I have no problems now that you mention all this, I'm just afraid that if I were first time coming to the thread and trading - I would lost everything. I truly think that your incredible trading success has much more to do with your understanding of market than any "system" or anything else.
Cmon, TMA is just LWMA with envelopes. Be good.
  • #3,142
  • Mar 4, 2012 11:42am Mar 4, 2012 11:42am
I'm glad everyone else is having success with this system. Unfortunately, I am not. It seems every trade I take goes against me and I have not had a single trade go to the opposite bar. Maybe I'm just slow, anyways, I am going to try only the 4 hour charts. Maybe that will be slow enough for me so see what I'm missing.

Will see how this week goes on the 4 hour.

Randy

Also, going to be 65 in Jul.
  • #3,143
  • Mar 4, 2012 11:48am Mar 4, 2012 11:48am
Thanks guys for your posts, they are quite brilliant. This is my first post in the forum
  • #3,144
  • Mar 4, 2012 12:11pm Mar 4, 2012 12:11pm
Quoting rcbarlow
I'm glad everyone else is having success with this system. Unfortunately, I am not. It seems every trade I take goes against me and I have not had a single trade go to the opposite bar. Maybe I'm just slow, anyways, I am going to try only the 4 hour charts. Maybe that will be slow enough for me so see what I'm missing.

Will see how this week goes on the 4 hour.

Randy

Also, going to be 65 in Jul.
Randy, if you can, try the 15m timeframe this week. It may be a crazy week but I think there will be lots of opportunities. I use the 15m charts and I have found it very good.
Tracking the Specialists.
  • #3,145
  • Mar 4, 2012 12:27pm Mar 4, 2012 12:27pm
Quoting FatherJack
Al, I have the greatest respect for you. This has been one of the best started sharing threads. I have not read that you have lost 1000000 but it's not the point. Actually, I have no problems now that you mention all this, I'm just afraid that if I were first time coming to the thread and trading - I would lost everything. I truly think that your incredible trading success has much more to do with your understanding of market than any "system" or anything else.
Cmon, TMA is just LWMA with envelopes. Be good.

I think there is some confusion what is meant by TMA normalized. TMA itself is a normalized indicator already. It is the slope indicator here that is not normalized in the same way as TMA is already. Instead of expressing the change of the LWMA line in terms of percentage of the bands it is just expressing it in terms of pure pips. This has caused some confusion and I would say lack of exact meaning to the threshold values between currencies and timeframes. As far as the behavior of normalized versus non normalized slope values there is absolutely no difference. Looked at from afar they will move identically.

Al,

As far as using this in general to find trend I think it is as good as any other moving average indicator. The issue you have is trying to define 3 categories (up,down,ranging) is pretty difficult. If you look at similar indicators (THV Coral, trend magic etc) they really only define two categories and use the 0 line to pivot around. Also you have to realize that there is just change in the LWMA(normalized or raw) and there is no such thing as angle. Angle is purely a display thing and depends on how zoomed in you are. The only other straight forward rules based trend definition is to use a ZigZag algorithm and defined HH LL type rules.

I really like the TMA rules you have since you are getting 3 independant signals from one indicator which is pretty cool. I just modified the TMA chart indicator to just draw the arrows and change colors so it is a pretty clean way to get all the information.
  • #3,146
  • Mar 4, 2012 12:38pm Mar 4, 2012 12:38pm
Hello everyone! My name is Hunor, i'm from Hungary. I found this system, read almoast entire thread and it was very promising. I started to practice with LFH trading simulator backtesting the the last 2 monhths. I will post my results here .
I have a question: is a good idea to incorporate a macd-divergence indicator to this sytem for additional signal confirmation?
  • #3,147
  • Mar 4, 2012 12:43pm Mar 4, 2012 12:43pm
For the benefit of people want to see what this system looks like in realtime here are the simplest instructions for running a visual backtest.

1. Copy BlankSim.mq4 into experts folder and compile or restart.
2. Save your favorite chart view into BlankSim.tpl.
3. Open Strategy Tester (Ctrl + R).
4. Uncheck Optimize, Check Visual, Choose BlankSim from dropdown
5. Change whatever other setting you want and click start.

I have included a pivot indicator since I had difficulty getting THV one to behaving in back testing. I also included a simple display of relevant indicator values and relationships.
Attached File(s)
File Type: mq4 BlankSim.mq4   < 1 KB | 643 downloads
File Type: mq4 Pivots.mq4   6 KB | 527 downloads
File Type: mq4 ExtremeTMAInfo.mq4   12 KB | 710 downloads
  • #3,148
  • Mar 4, 2012 1:20pm Mar 4, 2012 1:20pm
Quoting aren
Hi,shahrooz67,

could you share the non repainting TMA slope indicator with us? and we'll see how it is.
]
Hi Friend

Because of limitation in posting extra indicators needed in the AL system

I can not post the indi here

It causes newcomers get lost in the posts

Regards

Shahrooz
  • #3,149
  • Mar 4, 2012 1:33pm Mar 4, 2012 1:33pm
Al,i read the recovery system you posted.I have never tried to trade this way and to be honest i think that it would make me feel a bit uncomfortable.After how many pips do you start recovery trading?
And btw,the calculations in the pdf are wrong after the 3rd recovery trading.

"The market co-operates and begins to fall. Because your L3 trade is at double
your lot size, we double the effect of the L3 on the open basket of trades. The
market falls 75 pips
. L1 is -$125
. L2 is -$$ 25
. L3 is +$150
. so the position is at breakeven and can close
. Suppose the market refuses to cooperate and rises another 100 pips, so now:
. L1 is -$300
. L2 is -$200
. L3 is -$100"
It says that we open the third trade at double the initial lot size and then it correctly calculates L3 when the maket falls.But when the market rises 100 pips,it says L3 -100 when it should be -200.And then it continues to calculate it wrongly.
  • #3,150
  • Mar 4, 2012 1:51pm Mar 4, 2012 1:51pm
Quoting aren
Hi,shahrooz67,

could you share the non repainting TMA slope indicator with us? and we'll see how it is.

There is one here

http://www.forex-tsd.com/expert-advi...tml#post431703
Attached Image (click to enlarge)
Click to Enlarge Name: tma slope.gif Size: 40 KB
  • #3,151
  • Mar 4, 2012 2:06pm Mar 4, 2012 2:06pm
Quoting fcordon
Hello,after to have read hundreds and hundreds posts of this very interesting system I'm pretty confused : I really cannot read ALL them and I noticed that the rules and the indicators changed during the time.
At this point I would need a little help (but I think that can be very useful to many other persons) : is there somebody who can post again the files that must be used in MT4 and the rules to enter and exit in a position?
Thank you a lot to Lorente for the great work you shared and to everybody can help me about my request.
Fabio
We changed the system this past week. Iīm sorry, but you will have to take the time to read the posts. The evolution of the changes is there and the description of the files needed and the step by step instructions of how to use the system are detailed on Page 1 and included in the Packet.zip file. Posting it all again would just repeat what has already been posted several times.
Observation is the path to discovery.
  • #3,152
  • Mar 4, 2012 2:15pm Mar 4, 2012 2:15pm
Quoting FatherJack
Al, I have the greatest respect for you. This has been one of the best started sharing threads. I have not read that you have lost 1000000 but it's not the point. Actually, I have no problems now that you mention all this, I'm just afraid that if I were first time coming to the thread and trading - I would lost everything. I truly think that your incredible trading success has much more to do with your understanding of market than any "system" or anything else.
Cmon, TMA is just LWMA with envelopes. Be good.
FatherJack. It is not the tools that make the difference, it is the way in which you use them that separate success from failure. I have an old friend trader who uses no indicators, never mind an "LWMA with envelopes" as you dismissively call it. He is successful, just observing price bar movements and formations on the chart. I can trade that way too, but how can I teach that? If I want to help traders become just a little better than they are, I have to use tools that they can reference and relate too. Indicators serve that purpose very well. There is nothing magical about them. I can build a cool little system with simply RSI and 2 MAīs that can make you consistent money. It is all in the way you use the indicators and in the confidence you have in the system you are using.
Observation is the path to discovery.
  • #3,153
  • Mar 4, 2012 2:19pm Mar 4, 2012 2:19pm
Quoting rcbarlow
I'm glad everyone else is having success with this system. Unfortunately, I am not. It seems every trade I take goes against me and I have not had a single trade go to the opposite bar. Maybe I'm just slow, anyways, I am going to try only the 4 hour charts. Maybe that will be slow enough for me so see what I'm missing.

Will see how this week goes on the 4 hour.

Randy

Also, going to be 65 in Jul.
Randy, There is always a reason for a losing trade. Please, post a chart with your point of entry and we will discuss what went wrong and why. It may be a simple little detail that makes all the difference and that you may consider unimportant. Until you master the system, though, please do not trade with real money.
Observation is the path to discovery.
  • #3,154
  • Mar 4, 2012 2:20pm Mar 4, 2012 2:20pm
Quoting chinenye
Thanks guys for your posts, they are quite brilliant. This is my first post in the forum
Welcome aboard !
Observation is the path to discovery.
  • #3,155
  • Mar 4, 2012 2:23pm Mar 4, 2012 2:23pm
Eremix that was very well spotted.

That pdf that explains recovery was quite an old version. The updated (and correct) version can be found on the first post of Sixths Trading: http://www.forexfactory.com/showthre...ghlight=sixths
It is the pdf called The Beast User Guide and obviously you will only be interested in the part talking about Recovery.

The first intuition is "OMG no stoploss!" but I think it is the way to go as long as you use small trades relative to your pot.
  • #3,156
  • Mar 4, 2012 2:26pm Mar 4, 2012 2:26pm
Quoting Paradox
I think there is some confusion what is meant by TMA normalized. TMA itself is a normalized indicator already. It is the slope indicator here that is not normalized in the same way as TMA is already. Instead of expressing the change of the LWMA line in terms of percentage of the bands it is just expressing it in terms of pure pips. This has caused some confusion and I would say lack of exact meaning to the threshold values between currencies and timeframes. As far as the behavior of normalized versus non normalized slope values there is absolutely...
Paradox,

Thanks for your intelligent exposition.

You say:

I really like the TMA rules you have since you are getting 3 independant signals from one indicator which is pretty cool. I just modified the TMA chart indicator to just draw the arrows and change colors so it is a pretty clean way to get all the information.

Can you please explain and/or post a chart picture that makes this clearer? Are you not using the TMSSlope indicator at all?

I would like your opinion, since I am always in favor of the simplest solution that achieves the same end.
Observation is the path to discovery.
  • #3,157
  • Mar 4, 2012 2:27pm Mar 4, 2012 2:27pm
Quoting Paradox
For the benefit of people want to see what this system looks like in realtime here are the simplest instructions for running a visual backtest.

1. Copy BlankSim.mq4 into experts folder and compile or restart.
2. Save your favorite chart view into BlankSim.tpl.
3. Open Strategy Tester (Ctrl + R).
4. Uncheck Optimize, Check Visual, Choose BlankSim from dropdown
5. Change whatever other setting you want and click start.

I have included a pivot indicator since I had difficulty getting THV one to behaving in back testing. I also included a...
I've been running a MT4 trade simulator over the weekend after one of the contributors on here suggested it. I imagine it is similar to this. Just watching the market speeded up has really helped me to understand how the price moves beyond the TMA and how it acts at pivots.

It has also helped me see why a well sized stop loss is important.

I'd seriously recommend that newbies give it a go as it will really help identify good and bad trades. I started the simulator and I was losing most trades taking speculative ones and employing a tight stop loss. I was able to observe where I was going wrong and adjust and I am now profiting constantly on the simulator.

I know it's no substitute for real practice, but with the ability to fit weeks of trading into hours, it's proving to be a hugely valuable tool!
  • #3,158
  • Mar 4, 2012 2:28pm Mar 4, 2012 2:28pm
Quoting hunterhunt
Hello everyone! My name is Hunor, i'm from Hungary. I found this system, read almoast entire thread and it was very promising. I started to practice with LFH trading simulator backtesting the the last 2 monhths. I will post my results here .
I have a question: is a good idea to incorporate a macd-divergence indicator to this sytem for additional signal confirmation?
Iīm trying a divergence indicator since I am a strong believer in using divergence in my trading. I will let you know my experience with it in a few days.
Observation is the path to discovery.
  • #3,159
  • Mar 4, 2012 2:29pm Mar 4, 2012 2:29pm
Quoting Paradox
For the benefit of people want to see what this system looks like in realtime here are the simplest instructions for running a visual backtest.

1. Copy BlankSim.mq4 into experts folder and compile or restart.
2. Save your favorite chart view into BlankSim.tpl.
3. Open Strategy Tester (Ctrl + R).
4. Uncheck Optimize, Check Visual, Choose BlankSim from dropdown
5. Change whatever other setting you want and click start.

I have included a pivot indicator since I had difficulty getting THV one to behaving in back testing. I also included a simple display...
Thanks. This will help.
Observation is the path to discovery.
  • #3,160
  • Mar 4, 2012 2:34pm Mar 4, 2012 2:34pm
Quoting eremix
Al,i read the recovery system you posted.I have never tried to trade this way and to be honest i think that it would make me feel a bit uncomfortable.After how many pips do you start recovery trading?
And btw,the calculations in the pdf are wrong after the 3rd recovery trading.

"The market co-operates and begins to fall. Because your L3 trade is at double
your lot size, we double the effect of the L3 on the open basket of trades. The
market falls 75 pips
. L1 is -$125
. L2 is -$$ 25
. L3 is +$150
. so the position is at breakeven and can close
....
Recovery is not for everyone. I have said this several times. If you canīt stand looking at a large drawdown, donīt use recovery. I use Recovery after a position goes against me 100 pips. I have had to use recovery less than 10 times. All of them were successful. I have not lost one dollar in SL triggering since I began using Recovery. I am happy with it but you may not be. Itīs a personal thing.
Observation is the path to discovery.
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