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Extreme TMA System

  • #5,381
  • Mar 15, 2012 2:51am Mar 15, 2012 2:51am
I am in Brasilia.


L.
  • #5,382
  • Mar 15, 2012 2:59am Mar 15, 2012 2:59am
I only had one trade this evening which I just closed. I went short with EURJPY as it touched and stalled at R1 - above the upper band at the time. Everything was lined up: slope was ranging and decreasing, price above the upper band, price touching on R1. I felt confident in this trade. Thank goodness for that, because I needed that confidence to allow me to have patience and discipline. Shortly after entering, price moved higher and found it's way up to R2 where it stalled, right on R2 - as we expected, right? This reinforced my confidence in this trade. After the stall at R2, price took the turn down and made it's way just beyond the lower band where I closed my position for a nice profit. I typically close earlier near the center line, but I couldn't get out fast enough as it blew through the center line to the lower band.

Sorry for the ramble, but I just wanted to share as reminder to reinforce the importance of the mental and emotional components of trading. Having the right mentality and keeping emotions in check go a long way for successful trading. Thank goodness for my confidence in what I was doing to have the patience and discipline to stick to the plan. More often than not, I am rewarded for that.

Greg
  • #5,383
  • Mar 15, 2012 3:03am Mar 15, 2012 3:03am
Hello Shah,

I need to make a change on the TMASlope 1.4 Scalping indi. I would like the top M15 value to be user selectable for time frame. I would like to try other TF values in combination with my M15 chart. Can you do it?
Observation is the path to discovery.
  • #5,384
  • Mar 15, 2012 3:12am Mar 15, 2012 3:12am
Quoting bluewatercat
I only had one trade this evening which I just closed. I went short with EURJPY as it touched and stalled at R1 - above the upper band at the time. Everything was lined up: slope was ranging and decreasing, price above the upper band, price touching on R1. I felt confident in this trade. Thank goodness for that, because I needed that confidence to allow me to have patience and discipline. Shortly after entering, price moved higher and found it's way up to R2 where it stalled, right on R2 - as we expected, right? This reinforced my confidence...
Greg, your example is exactly why I keep saying that this system requires allowing price to move freely at the extremes. This is not a system designed to follow normal stop loss procedures. This is a new philosophy in trading that breaks with the traditional, trade with the trend, tight stop loss way of thinking. Ideally, it requires mastering Recovery to gain the most out of the system. Is it orthodox? absolutely not. It contains within it my philosophy, acquired over the years, and I am certainly not an orthodox trader. Because it is so different, this system is not for everyone. It takes a long time to psychologically master it.
Observation is the path to discovery.
  • #5,385
  • Mar 15, 2012 3:12am Mar 15, 2012 3:12am
Quoting bluewatercat
I only had one trade this evening which I just closed. I went short with EURJPY as it touched and stalled at R1 - above the upper band at the time. Everything was lined up: slope was ranging and decreasing, price above the upper band, price touching on R1. I felt confident in this trade. Thank goodness for that, because I needed that confidence to allow me to have patience and discipline. Shortly after entering, price moved higher and found it's way up to R2 where it stalled, right on R2 - as we expected, right? This reinforced my confidence...
Greg, agree 100% with u.
As newbie I'm also 'catching the drift' now. I have a dayjob, missing most of the London activity, but still made 161 pips in the 1st 3 days of the week, just by trading a bit in the evenings or entering maybe a D1 before work in the morning.
Have more free time available today......47 pips up so far..... its still my demo account..... but one day is one day...
All of the best to you
  • #5,386
  • Mar 15, 2012 3:18am Mar 15, 2012 3:18am
Sorry - I don`t want to disturb this nice thread. But where can I find the indicator to display multiple timeframe charts in the chart window. Thx a lot and keep going with this system. It helps me a lot to trade more effectively.

Doc_B

http://www.forexfactory.com/attachme...5&d=1331790687
  • #5,387
  • Mar 15, 2012 3:21am Mar 15, 2012 3:21am
Short on eurgpb on R2 sounds good?

L.
  • #5,388
  • Mar 15, 2012 4:24am Mar 15, 2012 4:24am
Quoting jaau
Short on eurgpb on R2 sounds good?

L.
Not crazy about it and here is why:

As you can see from the attached chart, EurGbp is on the initial stages of an upswing bouncing from the H1 TMA band (Orange) AND the H4 TMA Band (Magenta). Even though you may do ok because price is beyond the upper band, you can see that in the larger scheme of things, EG seems to be heading up.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.jpg Size: 101 KB
Observation is the path to discovery.
  • #5,389
  • Mar 15, 2012 4:31am Mar 15, 2012 4:31am
From now on, our templates will contain three TMA indicators. The M15, H1 and H4. There is no question in my mind that with this setup it is much easier to predict the probability of future price moves. Being able to apply the 4 rules in the context of the two longer time frames will be invaluable to filter out bad trades. Attached you see the EurUsd chart with the 3 TMAs. I feel it is pretty clear to see that the Euro is heading up now, probably to the 1.32 area (H4 upper band) before turning down again.
Attached Image (click to enlarge)
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Observation is the path to discovery.
  • #5,390
  • Edited 5:22am Mar 15, 2012 4:39am | Edited 5:22am
Here are the 2 new templates that incorporate the 3 MTF TMAs. I will incorporate them to the Packet.zip file with future changes to the Dashboard or other indicators, so for now, download them from this post.
Attached File(s)
File Type: tpl extreme tma system - small.tpl   27 KB | 753 downloads
File Type: tpl extreme tma system.tpl   44 KB | 737 downloads
Observation is the path to discovery.
  • #5,391
  • Mar 15, 2012 4:41am Mar 15, 2012 4:41am
Quoting pixelboy
Long AUDUSD @ 1.0464. Extremes of both M15 and H1 TMA + price diverging from the slope. Targeting 20 pips, but may move to BE and leave it to run.

PB
This AUDUSD trade ran against me yesterday (as someone pointed out, I should have waited for it to test S2 or S3), but I just left it and woke up to around +35 pips.

I'm still having trouble working out money management and lot size. I've tried to calculate my trade size based on having trades running on two pairs and both of them having to go to recovery, which seems sensible to me. This is giving me a lot size equivalent to 0.75% of my account per 100 pips. This seems very low when compared to the % return Al is having. I.e. I've got to make 600 to 700 pips per day to make the 4% to 5% Al suggests I should be aiming for to make it worthwhile.

Could anyone give me any guidance as to how they are calculating lot size for their non-stop loss trading?

I'm also having difficulty understanding how the recovery trades work with this system. I've read nanningbob's work on recovery trades which makes sense (although again, I'm not absolutely sure what % I'm meant to be risking per 100 pips when you read through the PDF), but I can't get my head around how Al uses the sub accounts. For example, with NB's recovery trades you don't take a loss. The original trade that goes against you isn't closed because it's a fundamental part of the trade pyramid that's built up. The complete trade finally breaks even by a combination of the later trades being in profit and the loss reducing on the first ones. If the first trade is closed due to the sub-account hitting it's margin limit, that is different to NB's system. Here we are taking a loss on the first trade, and when we go into recovery mode we don't have the benefit of the first trade being open. Does this matter? How should this type of recovery be managed? For instance, I assume another sub account should be used, but what % of the total account should it be and how much allowance do I need to make for the trade to move? In my calculations above I used a tier of 8 trades, each the same lot size with an 80 pip gap, so it can handle a 600 pip move without retracement. But if that happens (for both tradable pairs) it leaves my account in 75% draw-down.

Can Al or anyone else shed light on this?

Thanks,

PB
  • #5,392
  • Mar 15, 2012 4:41am Mar 15, 2012 4:41am
Hi, GM to all
I like share one idea- I use in last day with good result.
I only focus in trending market - 15m time frame.
I only use scopeTMA
I enter long when value are more +40 and green - angle UP
I short when value are more -40 an red. - angle down.
Always from neutral close to 0 or change red to green /green to red.
check and see- trending usually is very large
  • #5,393
  • Mar 15, 2012 4:41am Mar 15, 2012 4:41am
Quoting Doc_B
Sorry - I don`t want to disturb this nice thread. But where can I find the indicator to display multiple timeframe charts in the chart window. Thx a lot and keep going with this system. It helps me a lot to trade more effectively.

Doc_B

http://www.forexfactory.com/attachme...5&d=1331790687
I just posted the new templates that will automatically give you MTF TMAs.
Observation is the path to discovery.
  • #5,394
  • Mar 15, 2012 4:52am Mar 15, 2012 4:52am
Quoting pixelboy
This AUDUSD trade ran against me yesterday (as someone pointed out, I should have waited for it to test S2 or S3), but I just left it and woke up to around +35 pips.

I'm still having trouble working out money management and lot size. I've tried to calculate my trade size based on having trades running on two pairs and both of them having to go to recovery, which seems sensible to me. This is giving me a lot size equivalent to 0.75% of my account per 100 pips. This seems very low when compared to the % return Al is having. I.e. I've got to make...
Donīt worry about sub accounts at this moment. When you have a much larger account to work with, you can start implementing this method. For now, have two accounts with the unused capital in one and the trading capital in the other. As you need more trading capital, you transfer more from the main account. The point of this is to have your main capital protected no matter what happens.

As far as the 4% limit, that is per position. With my system you can have as many positions open as you want, including 2 or 3 recovery positions if needed, as long as you donīt exceed 50% of your total account. So for example, you can have 12 positions open total if each is 4%. Of these, maybe ten are different pairs and a couple are additional 4% positions of a couple of Recovery trades you are working on.
Observation is the path to discovery.
  • #5,395
  • Mar 15, 2012 4:56am Mar 15, 2012 4:56am
Quoting Alorente
Hello Shah,

I need to make a change on the TMASlope 1.4 Scalping indi. I would like the top M15 value to be user selectable for time frame. I would like to try other TF values in combination with my M15 chart. Can you do it?

Yeah Big AL

I have just joined the thread
  • #5,396
  • Mar 15, 2012 4:58am Mar 15, 2012 4:58am
Quoting Alorente
You are intelligent. Isnīt that in part what the art of recognition is about?

You deserve it and, yes, I do hope you continue to collaborate with us.

Persian guys are coming !

well Deserved duste man
  • #5,397
  • Mar 15, 2012 5:00am Mar 15, 2012 5:00am
Hi, i have discovered this thread only yesterday, i loaded in my mt4 platform all the indicators in the first packet.zip but i'm not able to trading with this system. I didn't understand how it work and the rule to entry and exit from a trade. I read the first post and see some charts but in each chart there is a new indicator or less indicator than previous chart. Which are the indicators that i must load in my mt4 platform?
Can anyone learn me how to use this system?
Thanks!
  • #5,398
  • Mar 15, 2012 5:05am Mar 15, 2012 5:05am
Quoting pierpaolo960
Hi, i have discovered this thread only yesterday, i loaded in my mt4 platform all the indicators in the first packet.zip but i'm not able to trading with this system. I didn't understand how it work and the rule to entry and exit from a trade. I read the first post and see some charts but in each chart there is a new indicator or less indicator that previous chart. Which are the indicators that i must load in my mt4 platform?
Can anyone learn me how to use this system?
Thanks!
Everything in Post 1 is current. Just follow the instructions. Load all the indicators and the templates and follow the 4 rules. It is very clear. Read the rules several times until you understand them well.
Observation is the path to discovery.
  • #5,399
  • Mar 15, 2012 5:06am Mar 15, 2012 5:06am
This is a perfect set up for the TMA v1.4 color center line ..... Powered by 5.15 m, 30m, 60m, and 4h. TMA has 11 color center line ... one is always on all time frames ... the others are changing the show for a certain time frame .... I think this is the best set up for this strategy ....the good management of money I think everything will go well

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  • #5,400
  • Mar 15, 2012 5:06am Mar 15, 2012 5:06am
Quoting Alorente
Donīt worry about sub accounts at this moment. When you have a much larger account to work with, you can start implementing this method. For now, have two accounts with the unused capital in one and the trading capital in the other. As you need more trading capital, you transfer more from the main account. The point of this is to have your main capital protected no matter what happens.

As far as the 4% limit, that is per position. With my system you can have as many positions open as you want, including 2 or 3 recovery positions if needed,...
Thanks Al - That's really helpful.

So, to be clear about how I would set my trade size. If I have 4% of my account in 'sub1', I would change the lot size so that it hit it's margin call when the trade went 100 pips against me, so it's like having a 100 pip stop loss. That would wipe out around half that account if that happened.

At that point I would switch that pair into recovery mode. Would I use another 4% account for that (or more simply, top the lost 2% into 'sub1' from my main account) or a higher/lower amount?

Finally, do you use the 1.1.2.4 multipliers in your recoveries, and if so, do you skip the first one (so it's 1.2.4) as that was the original margin-call trade?

Thanks again,

PB

p.s. shorted the EURUSD @ 1.3060 looking for a quick 20 pip scalp. Seeing some Dollar strength in USDCHF and AUDUSD charts.

NB
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