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Extreme TMA System

  • #4,041
  • Mar 7, 2012 8:33am Mar 7, 2012 8:33am
looking for eurusd ?
  • #4,042
  • Mar 7, 2012 8:38am Mar 7, 2012 8:38am
Attention everyone..
Seems a formation of long on EURUSD is under preparation..!
Regards,
  • #4,043
  • Mar 7, 2012 8:38am Mar 7, 2012 8:38am
Here's pic of 15m gold about to hit my tp.. at the white dashed daily open line...just followed rules on page1 for +775.

Next is another 1m Eu short scalp in line with the 15m TMASlope for +10.

This stuff works Al! Both trades just now closed.

Thanks for such kindness! I don't take it for granted...its a blessing!

Steve
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.gif Size: 17 KB
Click to Enlarge Name: eu 1m.gif Size: 16 KB
  • #4,044
  • Mar 7, 2012 8:43am Mar 7, 2012 8:43am
26 Trades now. No losses. 10.3% return on account of 10,000 today.
Attached Image (click to enlarge)
Click to Enlarge Name: Trades 3-7-12.jpg Size: 211 KB
Observation is the path to discovery.
  • #4,045
  • Mar 7, 2012 8:43am Mar 7, 2012 8:43am
Great Job Steve. I use same indies just like you do.

God bless!

Quoting stevewide
Here's pic of 15m gold about to hit my tp.. at the white dashed daily open line...just followed rules on page1 for +775.

Next is another 1m Eu short scalp in line with the 15m TMASlope for +10.

This stuff works Al! Both trades just now closed.

Thanks for such kindness! I don't take it for granted...its a blessing!

Steve
  • #4,046
  • Mar 7, 2012 8:44am Mar 7, 2012 8:44am
Quoting Alorente
Here is the day so far testing with live money the Dashboard, scalping M5 charts with Dashboard signals only, and trades of 1 lot each. Exiting very fast. Center line or before.

So far, 23 trades without a loss.
Hi Al.
Seams all your trades are for 2-10 pips profit. Whats the draw down on these trades?
Once again thx for all you do, and thx to the others as well!!!!
Barry
  • #4,047
  • Mar 7, 2012 8:45am Mar 7, 2012 8:45am
Could you lend me 1000 out of that 10,000 Al....., so I can open me a new account......LOL




Quoting Alorente
26 Trades now. No losses. 10.3% return on account of 10,000 today.
  • #4,048
  • Mar 7, 2012 8:52am Mar 7, 2012 8:52am
Quoting Bary
Hi Al.
Seams all your trades are for 2-4 pips profit. Whats the draw down on these trades?
Once again thx for all you do, and thx to the others as well!!!!
I´m exiting quickly because I am testing the Dashboard. Normally I would stay longer, but it keeps throwing signals at me, so I move on to other pairs. The drawdown has been up to 6 pips on a few occasions.
Observation is the path to discovery.
  • #4,049
  • Mar 7, 2012 8:54am Mar 7, 2012 8:54am
Amazing results Al, well done
  • #4,050
  • Mar 7, 2012 8:56am Mar 7, 2012 8:56am
the ExtremeTMA_v6 is not working ?
  • #4,051
  • Mar 7, 2012 9:04am Mar 7, 2012 9:04am
Al,
Is this how you're entering a trade-
If Dashboard gives m5 Buy signal, then check m15 TMA Slope # on right side of TMA scalping indicator, if it's ranging then buy?
  • #4,052
  • Mar 7, 2012 9:10am Mar 7, 2012 9:10am
Quoting Alorente
I agree with everything you said. I don´t trade with EAs either, but for testing on several pairs simultaneously it will be very good for me. Please, let me know if you can do it as per the rules. Thanks.
I can look at it but disclaimer I will probably use your ea code as a basis since I have a hard enough time getting my own scripts and eas accepted by my one broker and I don't have the time to test a broad number of account types.

Ok what are the exact rules? Here are my questions.

1. If you look at the slope it always steepens in the past. You are waiting for the current bar to turn for a while but the past bars will always have turned. By the time the current bar has returned you are almost always out side the bands so getting a contrarian signal.


2. You want the heikan ashi in the direction of the trend? This makes it not very relevant. Only in the cases of extreme moves or gaps do you have the potential for a pullback as the slope is still changing to the direction of the trend. So it seems only 10% (estimate but probably less) at best will you not just take the TMA slope signal and the HA will just be confirming the same.

3. You say this system does not allow a tight stop. But the entry and exit rules use the same threshold value. If an entry moves against you for a few bars you will be out by the rules. This is nice but also the exit signal normally happens right after entry even if it is going to trend.

I probably have more but that is enough for now.
  • #4,053
  • Mar 7, 2012 9:14am Mar 7, 2012 9:14am
Quoting FXDawg
Al,
Is this how you're entering a trade-
If Dashboard gives m5 Buy signal, then check m15 TMA Slope # on right side of TMA scalping indicator, if it's ranging then buy?
All 8 pairs are ranging today.
Observation is the path to discovery.
  • #4,054
  • Mar 7, 2012 9:21am Mar 7, 2012 9:21am
Quoting Alorente
All 8 pairs are ranging today.
Does the dashboard indicate that or do you have look on your own?

I am looking forward to using this
Al Thank you and everyone for all of your hardwork
  • #4,055
  • Mar 7, 2012 9:22am Mar 7, 2012 9:22am
Quoting Alorente
All 8 pairs are ranging today.
Yes, but is the m15 being in ranging mode the only qualification you have to enter a trade after you get a m5 buy/sell signal from the dashboard?

Thanks
  • #4,056
  • Mar 7, 2012 9:36am Mar 7, 2012 9:36am
Quoting Surfnomad
Does the dashboard indicate that or do you have look on your own?

I am looking forward to using this
Al Thank you and everyone for all of your hardwork
The dashboard tells you when all four rules are complied with in all time frames independently.
Observation is the path to discovery.
  • #4,057
  • Mar 7, 2012 9:37am Mar 7, 2012 9:37am
Enjoying this system...

Just curious do I need to change the TMA Slope normalized eimt period value to 15? It loaded up with the value 56..

Thanks in advance for a quick reply by anyone...

Rob
Attached Image
  • #4,058
  • Mar 7, 2012 9:37am Mar 7, 2012 9:37am
Quoting FXDawg
Yes, but is the m15 being in ranging mode the only qualification you have to enter a trade after you get a m5 buy/sell signal from the dashboard?

Thanks
I´m just taking the trade when the dashboard gives me a Green Buy or a Red Sell. Very simple.
Observation is the path to discovery.
  • #4,059
  • Mar 7, 2012 9:38am Mar 7, 2012 9:38am
Quoting Alorente
The dashboard tells you when all four rules are complied with in all time frames independently.

WOW That's Awesome
  • #4,060
  • Mar 7, 2012 9:42am Mar 7, 2012 9:42am
Quoting Alorente
I´m just taking the trade when the dashboard gives me a Green Buy or a Red Sell. Very simple.
Ok, thanks.
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