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Extreme TMA System

  • #3,961
  • Mar 7, 2012 5:34am Mar 7, 2012 5:34am
Quoting Alorente
It really isn´t me. It´s the Dashboard making the calls.
It is amazing....just closed +10 eu 1m scalp but 5m should be much safer
  • #3,962
  • Mar 7, 2012 5:36am Mar 7, 2012 5:36am
Quoting normtold
Well done Greg and William, I am too slow and hesistant and have not taken any trades today despite watching closely.
Normtold,

Trade it in demo at first. I have said before that I have two personal issues when it comes to trading - patience and confidence. That is a terrible combination for a trader. I become impatient and pull the trigger too soon and then when the trade does not work out, I lose my confidence. In the past I have tended to go on hot streaks and then cold streaks. What I appreciate about what Alfredo has done is that the rules build confidence. He has refined this to an elegantly simple system that is easy to grasp. Trade it in demo, take the setups that comply to the rules and you will be amazed. You will know when it is time to go live.

William
may you find what you seek and trade what you find
  • #3,963
  • Mar 7, 2012 5:37am Mar 7, 2012 5:37am
Hey Al,

What kind of drawdown per trade are you seeing with trades on the 5 minute?
  • #3,964
  • Mar 7, 2012 5:38am Mar 7, 2012 5:38am
Quoting Alorente
As you know, The Extreme TMA System does a fantastic job of identifying and catching turns in price action during ranging markets. I have been working on finding a method to extract profits from trending markets as well. I am now testing a strategy that seems to promise exactly that. Here are the simple rules under consideration:

Long Strategy:

1- Look for the first bar close of the TMASlope indicator that moves above 0.50 value.

2- Enter long when the first HA candle turns Blue. No need to wait for a close of the candle.

3-...
Hi Al

i have been monitoring those rules which is why i was looking for an alarm at +-50...to make it easier....also i notice that in retorspect...the values move around...what was above 50 at one stage becomes below 50 or vice versa...any thoughts...mark

are u using the 15min charts or the 1 min charts
  • #3,965
  • Mar 7, 2012 5:38am Mar 7, 2012 5:38am
Quoting faxxion
Alfredo,

I am going to print that screenshot and frame it. How beautiful is that?

William
Me too. So inspirational.
  • #3,966
  • Mar 7, 2012 5:40am Mar 7, 2012 5:40am
Great System Congrats !
  • #3,967
  • Mar 7, 2012 5:43am Mar 7, 2012 5:43am
Quoting Olarion1975
I suppose you do not take resistance/support levels into account when scalping on M5, don't you?
Nope. They´re nice to have but not too many around in this TF. I am exiting very quickly. In fact all of the trades except two went on to the other band, so I could have made double the number of pips had I waited. I am just testing it though. I´ll get better with more practice with the Dashboard.

The largest drawdown in any of the trades was 6 pips.

The new Extreme TMA system works. The mounting evidence is pretty clear. Yesterday I finished the day over 570 pips for the day (Including the 6 day EurUsd win). My new record for one day. What is the difference between then and now? I believe it is the fantastic TMASlope indi and the new rules.
Observation is the path to discovery.
  • #3,968
  • Mar 7, 2012 5:47am Mar 7, 2012 5:47am
Quoting Alorente
I tried saving as both. I name the file, save in the desktop, click, the window dissapears as it should, but the file is nowhere to be found. I have done this many times trying to save reports of my trades, but the same thing happens all the time. They are nowhere.
Alfredo, no olvides que tienes dos escritorios porque tienes dos pantallas. ¿Has buscado en los dos escritorios?
  • #3,969
  • Mar 7, 2012 5:49am Mar 7, 2012 5:49am
Quoting Alorente
Nope. They´re nice to have but not too many around in this TF. I am exiting very quickly. In fact all of the trades except two went on to the other band, so I could have made double the number of pips had I waited. I am just testing it though. I´ll get better with more practice with the Dashboard.

The largest drawdown in any of the trades was 6 pips.

The new Extreme TMA system works. The mounting evidence is pretty clear. Yesterday I finished the day over 570 pips for the day (Including the 6 day EurUsd win). My new record for one day. What...
Congratulations Alfredo.

And thank you for your continued generosity. I am looking forward to the dashboard later today.

William
may you find what you seek and trade what you find
  • #3,970
  • Mar 7, 2012 5:49am Mar 7, 2012 5:49am
Quoting faxxion
Normtold,

Trade it in demo at first. I have said before that I have two personal issues when it comes to trading - patience and confidence. That is a terrible combination for a trader. I become impatient and pull the trigger too soon and then when the trade does not work out, I lose my confidence. In the past I have tended to go on hot streaks and then cold streaks. What I appreciate about what Alfredo has done is that the rules build confidence. He has refined this to an elegantly simple system that is easy to grasp. Trade it in demo, take the...
Thanks for the tips William. I do trade this on demo.

The trouble is I had 3 of my best days in a row, all winners but then yesterday was a disaster (trading by the rules but ignoring the risk off situation) so I have lost confidence again.

By the way I have brought my pivot levels in line with yours now, I had
HrsChoiceTzFromGmt as -1 because we are on daylight saving time now in the UK (clocks went back 1 hour last October). But I guess we don't need to allow for that so I have put it back to 0.
  • #3,971
  • Mar 7, 2012 5:53am Mar 7, 2012 5:53am
Quoting normtold
Thanks for the tips William. I do trade this on demo.

The trouble is I had 3 of my best days in a row, all winners but then yesterday was a disaster (trading by the rules but ignoring the risk off situation) so I have lost confidence again.

By the way I have brought my pivot levels in line with yours now, I had
HrsChoiceTzFromGmt as -1 because we are on daylight saving time now in the UK (clocks went back 1 hour last October). But I guess we don't need to allow for that so I have put it back to 0.
Normtold,

I had the same issues with my GMT setting. I'm just curious, how tight are your stops? I generally use about 30 pips.

William
may you find what you seek and trade what you find
  • #3,972
  • Mar 7, 2012 5:53am Mar 7, 2012 5:53am
I find out that on the last trade on EUR USD SHORT AT 1.3148, 12.17 gmt+2,
the price went up for 15 pips and the returned back below the FPV pivot.
How much will it be the stop loss on those trades then ? when we will cacth the movement band to band from 5m ? This is my main objective to determine what are our win ratio and risk reward, so we can easly calculate our success.

Apreciate your words of wisdom.
  • #3,973
  • Mar 7, 2012 5:56am Mar 7, 2012 5:56am
Quoting Alorente
Nope. They´re nice to have but not too many around in this TF. I am exiting very quickly. In fact all of the trades ....
Hi Al,

I want to thank you very much for your generosity of sharing us your success with the new system. I really like the way it works.

Mfinab
  • #3,974
  • Mar 7, 2012 6:00am Mar 7, 2012 6:00am
Quoting maccanz
Hi Al

i have been monitoring those rules which is why i was looking for an alarm at +-50...to make it easier....also i notice that in retorspect...the values move around...what was above 50 at one stage becomes below 50 or vice versa...any thoughts...mark

are u using the 15min charts or the 1 min charts
You cannot look back since all the bars may have repainted. You can only forward test this. I´m doing so with the M5 since that seems to be the most profitable TF, but I think it will work in all TFs. But until we have enough evidence forward testing we won´t know for sure.
Observation is the path to discovery.
  • #3,975
  • Mar 7, 2012 6:02am Mar 7, 2012 6:02am
Quoting lologo
Alfredo, no olvides que tienes dos escritorios porque tienes dos pantallas. ¿Has buscado en los dos escritorios?
Yes. The FxPro people gave up on the problem. They told me to reinstall MT4. Big help...
Observation is the path to discovery.
  • #3,976
  • Mar 7, 2012 6:02am Mar 7, 2012 6:02am
AUDCAD testing FPV again.
may you find what you seek and trade what you find
  • #3,977
  • Mar 7, 2012 6:06am Mar 7, 2012 6:06am
Quoting Alorente
Look at this guys. All the trades following signals from the dashboard. 5M scalping. Exiting pretty fast. Sometimes earlier than center line. I´m testing with real money but only 1 lot trades. No losers so far. Amazing.
Hi Al,

just one more question regarding the M5 scalping:

Did you use the TMA slope of the M5 or the M15 for the trend direction?
  • #3,978
  • Mar 7, 2012 6:10am Mar 7, 2012 6:10am
Quoting faxxion
Normtold,

I had the same issues with my GMT setting. I'm just curious, how tight are your stops? I generally use about 30 pips.

William
When I first started demoing these rules I did use a 30 pip stoploss but was getting stopped out often, so was trying the 100 pip emergency stoploss, it never came close to that and it always came back to a profitable trade until yesterday so now I have a chance to practice the recovery method from the PDF.
  • #3,979
  • Mar 7, 2012 6:11am Mar 7, 2012 6:11am
Friends,

I´m lost here. Where is the !ExtremeTMA_v11.ex4? I can´t find it! Al said he did not put the indicator on the packed file until the final version.

Thank you
If I Change, the whole World changes!
  • #3,980
  • Mar 7, 2012 6:14am Mar 7, 2012 6:14am
Quoting Alorente
Look at this guys. All the trades following signals from the dashboard. 5M scalping. Exiting pretty fast. Sometimes earlier than center line. I´m testing with real money but only 1 lot trades. No losers so far. Amazing.
Hi Al,
Congrats for the results.
Yet I believe due care should be applied using it.
I think it's only because the market now is ranging, but when the price explodes in any of the direction and knows its way clearly (rallying) , this could be risky because it could be opposite to open positions and drawdown would be high in that case. Correct me..

Regards,
Ahmed
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