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Extreme TMA System

  • #5,401
  • Mar 15, 2012 5:07am Mar 15, 2012 5:07am
Al - just downloaded the new templates.

One (small) has all three but the other only 2?
  • #5,402
  • Mar 15, 2012 5:07am Mar 15, 2012 5:07am
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  • #5,403
  • Mar 15, 2012 5:10am Mar 15, 2012 5:10am
Quoting Alorente
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.
But in the charts that i see, i see different indicators or not all the indicators, why?
  • #5,404
  • Mar 15, 2012 5:16am Mar 15, 2012 5:16am
Quoting pixelboy
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...
I use 1.1.2.4 where the first 1 is the original trade. Remember that if it ever gets to the unlikely point where you used the three recovery steps, the fourth requires that you close your original trade, and so on.

Yes. For recovery you would use another 4%+. I say plus, because since you are -100 pips, the first recovery trade will cost a bit more than the original trade in order to double the position.
Observation is the path to discovery.
  • #5,405
  • Mar 15, 2012 5:18am Mar 15, 2012 5:18am
Quoting pierpaolo960
But in the charts that i see, i see different indicators or not all the indicators, why?
Some of the indicators that I included are optional. You may want to try them and see if you like them, but they are not necessary to comply with the rules. You should read previous posts. Everything that you are asking has been discussed in detail many times. It is all in the record.
Observation is the path to discovery.
  • #5,406
  • Mar 15, 2012 5:20am Mar 15, 2012 5:20am
AL check your email man
  • #5,407
  • Mar 15, 2012 5:21am Mar 15, 2012 5:21am
Quoting handy148
Al - just downloaded the new templates.

One (small) has all three but the other only 2?
I thought I had saved the changes. Try this one and let me know.
Attached File(s)
File Type: tpl extreme tma system.tpl   44 KB | 664 downloads
Observation is the path to discovery.
  • #5,408
  • Mar 15, 2012 5:23am Mar 15, 2012 5:23am
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,...
Al,

I presume that 4% limit per position is based on the trading capital not based on your main capital. So for example my trading capital is 1000 dollar and my main capital is 5000 dollar. Than my 4% would be 40 dollars or should i take 4% is 200 dollars. Than with these 40 or 200 dollars i hav e to calculate my lot size, i want to take maximum 400 pips so it would be lotsize 0.1 or 0.4 ?
I hope you understand what i ask ?

Keep up the great work !
  • #5,409
  • Mar 15, 2012 5:24am Mar 15, 2012 5:24am
Finally, I feel I can make a small contribution to this thread. A while back I asked for ideas on why my THV.3 Coral wasn't showing on my THV2 chart that Al posted describing his 4 hour trades. Everyone ignored my question. So I got to work and discovered that the THV3 T3.exe file is required as a driver in the Experts Indicator folder where the rest of the indicators are. You don't need to load it to your chart...it just needs to be in the indicators folder.

The THV3 chart has helped alot before deciding to use Recovery. I must see a clear trend to keep the confidence to hold 100 or more pips of drawdown.

Also, Al teaches analyse the 4 hour USD index to make sure its trend agrees with your trade.

I am pleased that the 4 or 5 recovery trades I've demo'd have all paid at b/e just as Al said they would if you can see a longer term trend. Only a few countertrades I've closed for losses less than 30 pips. Countertrend trades have all but become non existent for now.

Knowing the longer term trend using the THV.3 chart seems to be my key to deciding when to hold them and when to walk away.

Post 2722 on page 182 describes how Al analysed the Euro/USD for us on daily and weekly charts using THV3...wow!

I hope this contribution helps someone discover the THV3 analysis chart and especially how to get the Coral to work.

If Al agrees, please add the THV3 T3.exe indicator to post#114, page 76 so others won't have to go thru what I did to get their THV3 Coral workiing.

Good trading everyone!

Steve
Attached File(s)
File Type: ex4 THV3 T3.ex4   4 KB | 491 downloads
  • #5,410
  • Mar 15, 2012 5:27am Mar 15, 2012 5:27am
Quoting stevewide
Finally, I feel I can make a small contribution to this thread. A while back I asked for ideas on why my THV.3 Coral wasn't showing on my THV2 chart that Al posted describing his 4 hour trades. Everyone ignored my question. So I got to work and discovered that the THV3 T3.exe file is required as a driver in the Experts Indicator folder where the rest of the indicators are. You don't need to load it to your chart...it just needs to be in the indicators folder.

The THV3 chart has helped alot before deciding to use Recovery. I must see a clear trend...
Have you not the mq4 format ?!
  • #5,411
  • Mar 15, 2012 5:32am Mar 15, 2012 5:32am
dear Argonod:

private message ~

SCOTT
  • #5,412
  • Mar 15, 2012 5:37am Mar 15, 2012 5:37am
Thanks Al - working perfectly now.

On another subject (perhaps it's just me) the wording of your recent posts comes across as though this is just a martingale strategy and it certainly is much more than that. It's a great thread and the number of traders reading/following is a credit to your leadership.
  • #5,413
  • Mar 15, 2012 5:59am Mar 15, 2012 5:59am
Quoting shahrooz67
Have you not the mq4 format ?!
no; sorry; just the .exe attached.
  • #5,414
  • Mar 15, 2012 6:01am Mar 15, 2012 6:01am
Quoting shahrooz67
Persian guys are coming !

well Deserved duste man
lovely post
i believe this system will be the greatest after all because of having the greatest guys like you, Al and others.
from 2006 this is the only thread that made me post and contribute.
i am working on something about this system and if i have a good result then will share it here.

Regards
  • #5,415
  • Edited 6:18am Mar 15, 2012 6:02am | Edited 6:18am
Was looking to buy Eur/Jpy 15m at S2 where the 60m TMA v4 intersects discuss.
  • #5,416
  • Mar 15, 2012 6:06am Mar 15, 2012 6:06am
Quoting Alorente
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.
one more step to the perfection!

L.
  • #5,417
  • Mar 15, 2012 6:11am Mar 15, 2012 6:11am
Quoting Argonod
lovely post
i believe this system will be the greatest after all because of having the greatest guys like you, Al and others.
from 2006 this is the only thread that made me post and contribute.
i am working on something about this system and if i have a good result then will share it here.

Regards

That is kind of you

We are all looking forward , for what you will bring us
  • #5,418
  • Mar 15, 2012 6:14am Mar 15, 2012 6:14am
Quoting Alorente
I use 1.1.2.4 where the first 1 is the original trade. Remember that if it ever gets to the unlikely point where you used the three recovery steps, the fourth requires that you close your original trade, and so on.

Yes. For recovery you would use another 4%+. I say plus, because since you are -100 pips, the first recovery trade will cost a bit more than the original trade in order to double the position.
Al,

I was reading through the recovery pdf but ti seems to have a error in it :

◦ Suppose the market refuses to cooperate and rises another 100 pips, so now:
▪ L1 is -$300
▪ L2 is -$200
▪ L3 is -$100
◦ An opportunity arises to enter an L4 sell trade at four times your normal lot size,
so you have four trades open::
▪ L1 is -$300
▪ L2 is -$200
▪ L3 is -$100
▪ L4 has just opened


L3 had a double LOT so it must be at the same level as L2 at minus 200 dollar isn't it ??
  • #5,419
  • Mar 15, 2012 6:18am Mar 15, 2012 6:18am
Quoting Tuauxp
Al,

I presume that 4% limit per position is based on the trading capital not based on your main capital. So for example my trading capital is 1000 dollar and my main capital is 5000 dollar. Than my 4% would be 40 dollars or should i take 4% is 200 dollars. Than with these 40 or 200 dollars i hav e to calculate my lot size, i want to take maximum 400 pips so it would be lotsize 0.1 or 0.4 ?
I hope you understand what i ask ?

Keep up the great work !
No. Itīs 4% of your total capital. If your total account is 100,000, then it is 4000. Itīs 8% of your maximum trading capital.
Observation is the path to discovery.
  • #5,420
  • Mar 15, 2012 6:19am Mar 15, 2012 6:19am
Quoting shahrooz67
Have you not the mq4 format ?!
Hi Shah ... try this ....
Attached File(s)
File Type: mq4 THV3 T3.mq4   2 KB | 549 downloads
Lets make some green pips
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