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Extreme TMA System

  • #5,081
  • Mar 13, 2012 2:51am Mar 13, 2012 2:51am
I think it takes some experimenting to get the tma slope for beter entry!
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.jpg Size: 228 KB
  • #5,082
  • Mar 13, 2012 2:55am Mar 13, 2012 2:55am
Quoting Alorente
Hello Handy,

I appreciate your comments, however I feel it is a positive thing to have the members brainstorm about how they think the system can be improved. Of course, in the end I will decide what goes into the rules of the system, but 100 brains will do much better than one. So keep it coming. I evaluate everything suggested that appears to have merit.
Hi Al - The problem I've witnessed in other threads with people adding indicators and messing about with the system, is that nothing ever seems to get tested properly. Hence the simplicity of the original system is lost.

Sorry to be negative about the changes being made, but I've made about 15 (penny) trades since I set up the currency panel last week and every one has been a winner. It's the best system I've ever seen, only the second one I've been profitable with (the other one is Symphonie) so it worries me that something fundamental will be lost.

PB
  • #5,083
  • Mar 13, 2012 2:55am Mar 13, 2012 2:55am
Quoting FocusedonFX
It's not a particularly great setup worthy of a pic, just an aggressive trade on a pair that I favor. Was looking at the 15 Minute Chart and interested in the R/R potential with the Resistance nearby.
That's absolutely fine. It's just while I'm learning, I try to understand why others enter a trade and if I can match it with my understanding of the rules. Thanks for clarification...
  • #5,084
  • Mar 13, 2012 2:58am Mar 13, 2012 2:58am
Quoting pixelboy
Hi Al - The problem I've witnessed in other threads with people adding indicators and messing about with the system, is that nothing ever seems to get tested properly. Hence the simplicity of the original system is lost.

Sorry to be negative about the changes being made, but I've made about 15 (penny) trades since I set up the currency panel last week and every one has been a winner. It's the best system I've ever seen, only the second one I've been profitable with (the other one is Symphonie) so it worries me that something fundamental will...
I had wins every day with Alīs original system. Never see a better system here. No losses so far.
But only with the original system without spike indi.
  • #5,085
  • Mar 13, 2012 3:06am Mar 13, 2012 3:06am
Quoting Trentano
I had wins every day with Alīs original system. Never see a better system here. No losses so far.
But only with the original system without spike indi.
Yes, me too - original system + the currency panel to help spot potential trades and trading off the M15.

Also just noticed my GBPJPY trade from this morning has just hit TP (I target 20 pips - entry was around 129.59). That's 16 straight wins...and another 10 pence in my account! ;-)

PB
  • #5,086
  • Mar 13, 2012 3:06am Mar 13, 2012 3:06am
I think Al is right on this one...
Quote
but 100 brains will do much better than one

... I agree with that as well.
Quoting pixelboy
I ...to see all these extra indicators and techniques being thrown around.
I just get the feeling that new indies and ideas are thrown around to try something. All nice, but I'm missing a bit of analysis here.
Taken that the base system is working pretty well (at least for some of us), shouldn't we focus on analyzing the bad trades and try to understand a pattern here. A bad trade to me is a trade that perfectly matches the rules but still went into a negative result. A bad trade here and there is still fine and no reason to change the system with obvious impacts in other areas. But if we could detect a specific pattern on majority of bad trades, then we should look for ideas how to filter them (if possible at all).
just my 2 cents...


candletiger
  • #5,087
  • Mar 13, 2012 3:08am Mar 13, 2012 3:08am
Quoting Alorente
They are spikes that when repainted ended up disappearing. Please, note that we do not use the Extreme spike indi anymore.
I may have missed the discussion, but why not? Could you please point to me the postings which talk about it?

Many thanks again...
To excel by continuous learning
  • #5,088
  • Mar 13, 2012 3:20am Mar 13, 2012 3:20am
I am thankful and using the very first packet file and very first system rules Al posted here on day 1.

It works for me and gets me pips everyday, I never felt any need to change anything, hence my previous questions regarding removal of indicators, things being replaced etc

I don't need a dashboard, more indicators or any new rules. If it isnt broken, why try to fix it?

Al had been trading it for 10 months before he brought it to us.
Tracking the Specialists.
  • #5,089
  • Mar 13, 2012 3:20am Mar 13, 2012 3:20am
busy this morning; watching recovery on Ej short; Eg recovery just now from yesterday; Gu, Au and Eu 1m wins for 10 pips; I"m loving it Al!

Nothing special; just following rules using 1m chart with eye on 15m...like Al teaches.

Confidence growing...

Steve
  • #5,090
  • Mar 13, 2012 3:27am Mar 13, 2012 3:27am
Quoting pixelboy
Yes, me too - original system + the currency panel to help spot potential trades and trading off the M15.

Also just noticed my GBPJPY trade from this morning has just hit TP (I target 20 pips - entry was around 129.59). That's 16 straight wins...and another 10 pence in my account! ;-)

PB

hi..from original system do u mean, checking the outer bands and tma slope..?am still trying to understand the system...thanhx
  • #5,091
  • Mar 13, 2012 3:31am Mar 13, 2012 3:31am
Quoting pixelboy
Yes, me too - original system + the currency panel to help spot potential trades and trading off the M15.

Also just noticed my GBPJPY trade from this morning has just hit TP (I target 20 pips - entry was around 129.59). That's 16 straight wins...and another 10 pence in my account! ;-)

PB
PB, I still use the MACrossover for confirmation, however, I feel the TMASlope is one of the best indis I have ever used. The more I use it, the better I get with it. Spend some time with it and you will feel the same way.
Observation is the path to discovery.
  • #5,092
  • Edited 3:51am Mar 13, 2012 3:51am | Edited 3:51am
Alfredo,

I should have stayed in the EURAUD. Are you still short?

William
may you find what you seek and trade what you find
  • #5,093
  • Mar 13, 2012 3:57am Mar 13, 2012 3:57am
Quoting faxxion
Alfredo,

I should have stayed in the EURAUD. Are you still short?

William
No. I closed it.

William, if you need to have close stops and you have trouble leaving trades open at night, I donīt think this system will work consistently for you. The system is based on catching extreme turns. Inherently, those extremes imply volatility and you will continuously be stopped out if you donīt give price the room and time to change direction. I am telling you this because the way you managed EurAud was exactly the opposite of what the system requires, and it will happen to you multiple times in the future. It is important to fit a system to your personality and not the other way around.
Observation is the path to discovery.
  • #5,094
  • Mar 13, 2012 4:09am Mar 13, 2012 4:09am
Quoting Alorente
It is important to fit a system to your personality and not the other way around.
Very wise words!!
Luck occurs when preparation meets with opportunity.
  • #5,095
  • Mar 13, 2012 4:12am Mar 13, 2012 4:12am
Big Al,

Sounds good long on euraud right now? (M15)

L.
  • #5,096
  • Mar 13, 2012 4:15am Mar 13, 2012 4:15am
Quoting AlienFrog
Very wise words!!
This is why I'm practicing recovery; have to follow Al till I can make this my own...learning the longer trend you can hang on to is the most important part and so little has been discussed so far...but I know it will with time.
  • #5,097
  • Mar 13, 2012 4:15am Mar 13, 2012 4:15am
Quoting jnfer
One more.. I hope someone can enlighten me how to make this work..
it's just blank


I tried different settings but still not working..

Thanks
Hi, same thing happened to me, couldnt get it to work.
So went back to V5 (have attached) which works for me

hope that helps
Attached File(s)
File Type: ex4 !ExtremeTMA_v5.ex4   28 KB | 531 downloads
  • #5,098
  • Mar 13, 2012 4:24am Mar 13, 2012 4:24am
Quoting Alorente
PB, I still use the MACrossover for confirmation, however, I feel the TMASlope is one of the best indis I have ever used. The more I use it, the better I get with it. Spend some time with it and you will feel the same way.
Hi Al can you help me with this?
post no #5074

Thanks
  • #5,099
  • Mar 13, 2012 4:25am Mar 13, 2012 4:25am
on extreme TMA..it says BUY for Euro/USd on 1 M..5m 15 and 30 M...but its going down n down..is it showing some future signal that it will go up in a while?
thanhx
  • #5,100
  • Mar 13, 2012 4:26am Mar 13, 2012 4:26am
Quoting jaau
Big Al,

Sounds good long on euraud right now? (M15)

L.
Iīm long.
Observation is the path to discovery.
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