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Extreme TMA System

  • #3,981
  • Mar 7, 2012 6:15am Mar 7, 2012 6:15am
Best of luck everyone!

Greg
  • #3,982
  • Mar 7, 2012 6:18am Mar 7, 2012 6:18am
Quoting Alorente
Yes. The FxPro people gave up on the problem. They told me to reinstall MT4. Big help...

Al , i think i know what might be wrong, go to your Templates (not the one under Experts) folder, do u see these 2 files in that folder, StatementDetailed.htm and statement.htm . Please check.
You gotta know when to hold 'em, know when to fold 'em ...
  • #3,983
  • Mar 7, 2012 6:19am Mar 7, 2012 6:19am
Quoting Bary
Pg251...post 3760

Thanks for answering Scott, Bary I was sleeping as I live in California
  • #3,984
  • Mar 7, 2012 6:20am Mar 7, 2012 6:20am
Hey Al I don't know if you have sorted out the statement problem yet but I might have an idea what it could be, make sure that in your MT4 template folder contains "statement.htm" "StatementDetailed.htm" I have deleted them once before and when you try to save statement nothing happens.

You can install a new copy of your Mt4 and just copy and paste them back to your original mt4 copy.
  • #3,985
  • Mar 7, 2012 6:20am Mar 7, 2012 6:20am
Quoting Alorente
I'm not using stops. Since I am in many pairs at the same time depending on the signals, when some go up the others move down so the total is pretty balance. I´m just exiting each one on center line, but almost all of them reached the other band on M5 so I could have almost doubled the pips, but I am conservative with real money.
Thanks, Alfredo! What a great way to hedge and eliminate stops!

I've been looking for a way to use hedging as a substitute for stops!
(I used to do pairs trading in stock at prop shop.)

Much better than actual stops. (Any broker can check stops if he wants to as you know.)

For me, at least, this is a much, much more comfortable approach!

Aggressively conservative! Cut the risk without denting the reward!

And it's so obvious, too! (It takes an experienced trader like you to see it, though.)

All the pairs can't go down at the same time, since the risk on's and the risk off's are going to more or less balance each other, right?

Conservatively, you could close out positions in "risk on" and "risk off" pairs concurrently, couldn't you?

I know you are very good at recovery, so you don't worry too much about losses!

Personally, though, I don't really see that it's much different than taking my loses and looking for another winner, except psychologically.

I think this will work for me. Thanks, Buddy!

You know, I think you're like the guy who was a "poet, and didn't know it!", only you're a genius, and didn't know it! (Well, maybe you suspected it a little, eh?)
The mind thinks, the heart knows...
  • #3,986
  • Mar 7, 2012 6:20am Mar 7, 2012 6:20am
Al, if those 2 files are missing, copy it from another MT4 installation and place those 2 files in the Template folder. Then try saving your report again.
You gotta know when to hold 'em, know when to fold 'em ...
  • #3,987
  • Mar 7, 2012 6:22am Mar 7, 2012 6:22am
Quoting LuisPrinc
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.
Read Page 1. Stop Loss section.
Observation is the path to discovery.
  • #3,988
  • Mar 7, 2012 6:23am Mar 7, 2012 6:23am
Quoting nitrate73
Al, if those 2 files are missing, copy it from another MT4 installation and place those 2 files in the Template folder. Then try saving your report again.
What two files are missing?
Observation is the path to discovery.
  • #3,989
  • Mar 7, 2012 6:24am Mar 7, 2012 6:24am
Quoting Forex Girl
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
Still testing it. With live money but not ready for release yet.
Observation is the path to discovery.
  • #3,990
  • Mar 7, 2012 6:25am Mar 7, 2012 6:25am
[quote=Alorente;5451191]

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

Well correct me if I am wrong but your largest drawdawn was 16 pips on that trade: 12.17 gmt+2, EUR USD Sell at 1.3148 look at your last trade on the screenshot and you closed the trade at 13.00 when the price went down past your entry. I checked every your trade listed there.

Thanks and checking if everything is in order !
  • #3,991
  • Mar 7, 2012 6:25am Mar 7, 2012 6:25am
Quoting Alorente
Yes. The FxPro people gave up on the problem. They told me to reinstall MT4. Big help...
Hi Al

Sometimes the special properties of Desktop can cause behaviour issues.
Just to satisfy me can you just try this, it shouldn't take more than a minute:
Create a new folder in somewhere like your Documents folder.
Rename it something like "Trade Report".
Try and save again to this folder by navigating at the top of the "Save As" dialogue window.
If this doesn't work then I suspect its definitely an MT4 issue.

What follows is probably the biggest understatement I've ever made:
Thanks for everything.
  • #3,992
  • Mar 7, 2012 6:26am Mar 7, 2012 6:26am
Quoting ahmedfouad77
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
Of course. Scalping is dangerous and best practiced in a ranging market. For trending markets the new rules from yesterday that I am also testing in M5 will be better.
Observation is the path to discovery.
  • #3,993
  • Mar 7, 2012 6:26am Mar 7, 2012 6:26am
Quoting Alorente
What two files are missing?

These 2 : "statement.htm" and "StatementDetailed.htm"

Make sure they are in the Templates folder .. if missing , just copy them from another Mt4 installation and put them in the Templates folder.

Then trying saving your report again
You gotta know when to hold 'em, know when to fold 'em ...
  • #3,994
  • Mar 7, 2012 6:26am Mar 7, 2012 6:26am
Dear friends,
I am not quite sure about the new rules as I only follow this which is mentioned in post #1

Can any volunteer list down to me here what new rules which are not written in post #1

I want to make sure that we are all speaking the same tone.

Thanks for your support and have a great day.

Regards,
  • #3,995
  • Mar 7, 2012 6:27am Mar 7, 2012 6:27am
Quoting Alorente
Read Page 1. Stop Loss section.

There writes just for 15 min that is above or below previos high or low. or 30 pips. Nothing writes for 5 min or 1m scalping tecnique.

Thnks
  • #3,996
  • Mar 7, 2012 6:28am Mar 7, 2012 6:28am
Quoting nitrate73
Al , i think i know what might be wrong, go to your Templates (not the one under Experts) folder, do u see these 2 files in that folder, StatementDetailed.htm and statement.htm . Please check.
No. The two files are not in the template folder. Can you post them for me and I´ll paste them and try?
Observation is the path to discovery.
  • #3,997
  • Mar 7, 2012 6:29am Mar 7, 2012 6:29am
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.
Amazing! You're the man! Congrats!
The mind thinks, the heart knows...
  • #3,998
  • Mar 7, 2012 6:29am Mar 7, 2012 6:29am
Quoting ahmedfouad77
Dear friends,
I am not quite sure about the new rules as I only follow this which is mentioned in post #1

Can any volunteer list down to me here what new rules which are not written in post #1

I want to make sure that we are all speaking the same tone.

Thanks for your support and have a great day.

Regards,
The new rules of the Extreme TMA system are posted on Post 1 of Page 1. It is up to date.
Observation is the path to discovery.
  • #3,999
  • Mar 7, 2012 6:31am Mar 7, 2012 6:31am
Quoting Alorente
No. The two files are not in the template folder. Can you post them for me and I´ll paste them and try?

Attached.
Attached File(s)
File Type: zip statement.zip   3 KB | 528 downloads
You gotta know when to hold 'em, know when to fold 'em ...
  • #4,000
  • Mar 7, 2012 6:33am Mar 7, 2012 6:33am
Quoting LuisPrinc
There writes just for 15 min that is above or below previos high or low. or 30 pips. Nothing writes for 5 min or 1m scalping tecnique.

Thnks
That's because the M5 method has not been released yet! Al's advice was for inexperienced traders to stick with longer TF's, like M30, H1, and cautiously, M15. It's all in the thread earlier on, but I know it's hard to find now.

Good luck!
The mind thinks, the heart knows...
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