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Extreme TMA System

  • #5,161
  • Mar 13, 2012 2:08pm Mar 13, 2012 2:08pm
dear Al :

to us, TMA is quite new system,

Do you means , we need to fit it into our mindset, need more practice,
or fit our personality to choose M15, or H1, H4 to trade ??


Cheers,

SCOTT
~~~~~~~~~~~~~~~~~~~~~~~~~~

<<Originally Posted by Alorente
It is important to fit a system to your personality and not the other way around.>>
  • #5,162
  • Mar 13, 2012 2:10pm Mar 13, 2012 2:10pm
Quoting faxxion
Hola My Friend,

This is the post where I got the "90%" win rate I was referencing with a 30 pip SL. You said (quote above) an 80% win rate with 20 pip SL. 30 pips almost always allows you to "place it above the previous high (Short) or below the previous low (Long)". That is why I was under the impression that approximately 30 pips was a reasonable stop loss. I do not place 30 pips arbitrarily. I use the "previous high / low", but as I said, 30 pips usually covers it.

Even the above mentioned 80% win with 20 pip stop loss is great. Assume...
No, Recovery is not essential by any means and it is not for everyone. For me it works because I am not tense with a large drawdown. For others i´m sure it feels like the worst form of torture, Everyone is different.
Observation is the path to discovery.
  • #5,163
  • Mar 13, 2012 2:14pm Mar 13, 2012 2:14pm
Also maybe its not the best thing to short the USD/CHF i think we have a nice set up in the 1H chart.
Attached Image (click to enlarge)
Click to Enlarge Name: USD CHF.jpg Size: 192 KB
  • #5,164
  • Mar 13, 2012 2:15pm Mar 13, 2012 2:15pm
Al,
I am not sure whether someone else has suggested it already, if so please ignore this post. What would you thing of a matrix similar to the !Extreme TMA which shows the TMA slope value for each currency pair and TF. I have found that if you are trading M1 and say shorting with TMA (1min TMA slpoe is ranging) it is much more likely to be a good trade if the 15min TF TMA is less than -0.5. Unfortunately this setup is not very common and a table with multi currency and MTF TMA would definitely help. Unfortunately I am not a professional programmer but I would gladly try to if someone could indicate an 'editable' indicator similar to the !Extreme TMA.
  • #5,165
  • Mar 13, 2012 2:18pm Mar 13, 2012 2:18pm
Quoting Tuauxp
Also maybe its not the best thing to short the USD/CHF i think we have a nice set up in the 1H chart.

I believe it is a strong bull market yet
  • #5,166
  • Mar 13, 2012 2:19pm Mar 13, 2012 2:19pm
Quoting dorellino
Hi Al, I'd like to know about the risk you usually take or what you would suggest in an average trade.
I'm assuming that the following trade is planned to go in recovery mode if nedeed, then the risk is calculated accordingly.
Account 100k, risk is 4%, 4% of 100k is 4k.

I will open a trade with 1 standard lot (100k), if it goes -100 pips I'll open another position with the same size, 1 standard lot. And if it goes another -100 pips down (total -200), I'll open another position with 2 lots (200k) which it will have 50 pips to go against before...
Yes. I use a maximum of 1/2 of the account at any one time. and 50:1 leverage. The maximum per initial position is 4%, so in your example, 4,000 margin. The other half of the account is kept in reserve. In Recovery, I will treat the second order at -100 pips as a different position and employ another 4%+ for it, etc.
Observation is the path to discovery.
  • #5,167
  • Mar 13, 2012 2:29pm Mar 13, 2012 2:29pm
Quoting shahrooz67
A deleted post !


Al do you care about the trend markets ?!

I mean when we have strong bull and bear markets , do you trade them or not ?!

if so ? how do you trade trend markets ?!
I trade only in the direction of the markets, on pullbacks to the 55 EMA (Coral in THV4). I am trying out the Slope Indicator now as an alternative and it seems to be working pretty well. Buy above 0.50, close below 0.50. Sell below -0.50 and close above -0.50. I am trying it out in M5 and H1 at this time. Ideally, you would have the entry confirmed by price being close to the Coral EMA, but this is not being taken into account in my testing.

Of course, inside the Range Zone, I am applying the 4 rules of the Extreme TMA system.

I am thinking of reducing the Range Zone to -0.40 to 0.40. It seems to filter out some not so good trades. I would like to know if you have noticed this in your trading and would appreciate opinions.
Observation is the path to discovery.
  • #5,168
  • Mar 13, 2012 2:32pm Mar 13, 2012 2:32pm
Quoting domino01
Al,
I am not sure whether someone else has suggested it already, if so please ignore this post. What would you thing of a matrix similar to the !Extreme TMA which shows the TMA slope value for each currency pair and TF. I have found that if you are trading M1 and say shorting with TMA (1min TMA slpoe is ranging) it is much more likely to be a good trade if the 15min TF TMA is less than -0.5. Unfortunately this setup is not very common and a table with multi currency and MTF TMA would definitely help. Unfortunately I am not a professional programmer...
I have found that if you are trading M1 and say shorting with TMA (1min TMA slpoe is ranging) it is much more likely to be a good trade if the 15min TF TMA is less than -0.5.

You can accomplish exactly what you mentioned right now with the TMASlope Scalping indicator that is included in the Packet.zip file. It shows the current TF value AND the 15M value above it.
Observation is the path to discovery.
  • #5,169
  • Mar 13, 2012 2:34pm Mar 13, 2012 2:34pm
Quoting Tuauxp
Hi Harry45,

What is that for a nice indicator about all the pairs in the left of your screen, would you mind posting it overhere ?
It is currency index .Try. Best Regards
Attached File(s)
File Type: mq4 Currency Strength Meter.mq4   9 KB | 572 downloads
  • #5,170
  • Mar 13, 2012 2:36pm Mar 13, 2012 2:36pm
Quoting Alorente
I trade only in the direction of the markets, on pullbacks to the 55 EMA (Coral in THV4). I am trying out the Slope Indicator now as an alternative and it seems to be working pretty well. Buy above 0.50, close below 0.50. Sell below -0.50 and close above -0.50. I am trying it out in M5 and H1 at this time. Ideally, you would have the entry confirmed by price being close to the Coral EMA, but this is not being taken into account in my testing.

Of course, inside the Range Zone, I am applying the 4 rules of the Extreme TMA system.

[b]I am thinking...

Using the tma slope is a good one for taking the trades . I liked your Idea

But about reducing the range zone , AL I think it gets a fast signal , It is real difficult to trade it in lower timeframes , It causes lots of signals maybe
  • #5,171
  • Edited Mar 14, 2012 2:20am Mar 13, 2012 2:42pm | Edited Mar 14, 2012 2:20am
Quoting Alorente
No, Recovery is not essential by any means and it is not for everyone. For me it works because I am not tense with a large drawdown. For others i´m sure it feels like the worst form of torture, Everyone is different.
Hello Alfredo,

I do not mean to harp on an issue, but I want to make sure I understand.

Do you still feel the 80% win rate with a 20 pip stop loss is valid. Also, if you could comment on the 90% win rate using a stop loss above/below recent high/low prices.

This is important to those of us who survive by preserving our capital.

Your Friend,

William
may you find what you seek and trade what you find
  • #5,172
  • Mar 13, 2012 2:46pm Mar 13, 2012 2:46pm
Quoting Alorente
I trade only in the direction of the markets, on pullbacks to the 55 EMA (Coral in THV4). I am trying out the Slope Indicator now as an alternative and it seems to be working pretty well. Buy above 0.50, close below 0.50. Sell below -0.50 and close above -0.50. I am trying it out in M5 and H1 at this time. Ideally, you would have the entry confirmed by price being close to the Coral EMA, but this is not being taken into account in my testing.

Of course, inside the Range Zone, I am applying the 4 rules of the Extreme TMA system.

[b]I am thinking...
Hi Al,

Can you post the THV4 indicator with coral, i would like to have a look at it ?
THX !
  • #5,173
  • Mar 13, 2012 2:54pm Mar 13, 2012 2:54pm
Someone long on usdcad right now?

L.
  • #5,174
  • Mar 13, 2012 2:58pm Mar 13, 2012 2:58pm
Quoting jaau
Someone long on usdcad right now?

L.
Hello Jaau,

No. There is not 30 pips from band to band.

William
may you find what you seek and trade what you find
  • #5,175
  • Mar 13, 2012 3:07pm Mar 13, 2012 3:07pm
Hello, William :

private ~

SCOTT
  • #5,176
  • Mar 13, 2012 3:11pm Mar 13, 2012 3:11pm
William :


There is not 30 pips from band to band.

band width must bigger than 30 pips, is it Rule of TMA ??



SCOTT
  • #5,177
  • Mar 13, 2012 3:12pm Mar 13, 2012 3:12pm
Quoting faxxion
Hello Jaau,

No. There is not 30 pips from band to band.

William
Hi friend!

The 30 pips stuff is your personal rule?

L.
  • #5,178
  • Mar 13, 2012 3:23pm Mar 13, 2012 3:23pm
It is part of the original rules, an ideal trade should be around 30 pips or more between bands, the further outside the bands, the higher probability trade.
Tracking the Specialists.
  • #5,179
  • Mar 13, 2012 3:35pm Mar 13, 2012 3:35pm
Quoting faxxion
Hello Alfredo,

I do not mean to harp on an issue, but I want to make sure I understand.

Do you stll feel the 80% win rate with a 20 pip stop loss is valid. Also, if you could comment on the 90% win rate using a stop loss above/below recent high/low prices.

This is important to those of us who survive by preserving our capital.

Your Friend,

William
William,

I feel that both those numbers are achievable using these recommended procedures from Post 1:

B- With a Tight Stop Loss: If you use a tight stop loss (within 30 pips of entry price or less), at this point apply to the chart the correct EA of the two supplied. The 5 x 5 Buy EA for a long trade or the 5 x 5 Sell EA for a short trade. Please, be aware that this option will reduce your profit by several pips per trade. The trade off is less risk, since you enter the trade in the desired direction.

Very Conservative (exit): Close the position when PA touches the center line of the TMA.

The 5x5 EAs will keep you out of most of the retests before you enter the trade.

The Center line exit makes it much more unlikely that a winning trade will turn into a loser.
Observation is the path to discovery.
  • #5,180
  • Mar 13, 2012 3:44pm Mar 13, 2012 3:44pm
Quoting Tuauxp
Hi Al,

Can you post the THV4 indicator with coral, i would like to have a look at it ?
THX !
I posted it a few pages back. You can use the paper clip at the top of the page. The indicator is still on the first page of attachments.
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