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Extreme TMA System

  • #5,421
  • Mar 15, 2012 6:21am Mar 15, 2012 6:21am
This seems weird...See 4h chart:

TMAv1.4 Color Center Lines do not overlay each other. Using Al's template the settings are identical as far as I can tell except the white lies are set to current time frame and the magenta lines are set to 240 which is 4h.

Is there a flaw in the code or am I simply missing something?

Really appreciate everyone helping each other...

Steve
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4h.gif Size: 23 KB
  • #5,422
  • Mar 15, 2012 6:22am Mar 15, 2012 6:22am
Quoting 4rx
Hi Shah ... try this ....

thx man
  • #5,423
  • Mar 15, 2012 6:29am Mar 15, 2012 6:29am
I just closed two recovery trades. The pairs were gbpjpy and cadjpy.
I know Alorente does not trade gbpjpy and I now think I am cured from trading that pair. I entered both pairs short on the 13th at 5:45EST. They met the criteria for a trade. At the time, the slopes were less than .50. Gbpjpy went 243pips against me. Cadjpy went 127pips against me. I closed cadjpy with 2pips profit. I closed Gbpjpy with -2pips.

I am gaining confidence in the recovery method. I was trading with .001 lots so I could withstand the drawdown.
  • #5,424
  • Mar 15, 2012 6:35am Mar 15, 2012 6:35am
Wow! that is a big drawdown.

So you added another 0.001 100 pips away from initial position, then 0.002 for level 3 100 pips further for Gbp/Jpy?
  • #5,425
  • Mar 15, 2012 6:36am Mar 15, 2012 6:36am
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...
The donīt allow editing an old file, but here are all the files. Steve, change this HA for the one you have, itīs better. Also use this template.
Attached File(s)
File Type: ex4 THV3 Coral.ex4   16 KB | 863 downloads
File Type: ex4 THV4 InfoPanel.ex4   23 KB | 842 downloads
File Type: ex4 THV4 Trix V1.0.ex4   72 KB | 869 downloads
File Type: ex4 THV4 TzPivotsD (Black).ex4   45 KB | 834 downloads
File Type: ex4 THV3 T3.ex4   4 KB | 798 downloads
File Type: ex4 HA.ex4   3 KB | 815 downloads
File Type: tpl lorente large chart.tpl   32 KB | 820 downloads
Observation is the path to discovery.
  • #5,426
  • Mar 15, 2012 6:41am Mar 15, 2012 6:41am
Wow! that is a big drawdown.

So you added another 0.001 100 pips away from initial position, then 0.002 for level 3 100 pips further for Gbp/Jpy?


That is pretty much correct. I modified it slightly. I was a little worried,
but it worked. I was determined to follow the method wherever it went. As nanningbob said he has never had a trade go to level four. I was determined to find out.
  • #5,427
  • Mar 15, 2012 7:10am Mar 15, 2012 7:10am
Quoting Alorente
The donīt allow editing an old file, but here are all the files. Steve, change this HA for the one you have, itīs better. Also use this template.
Thanks Al; glad to help. Steve
  • #5,428
  • Mar 15, 2012 7:12am Mar 15, 2012 7:12am
just downloaded the new Tma...what is the differnce btwen the small one and the first one..i just downloded the extreme TMA system...
does it look ok?

i think i have to read all the posts to ask this , but can i use it in any TF?
its showing that in 4h the Gbp price will be 1.58 ...
if its is right then..its great to have everything in one window..thanx everyone..and yes am still learning about this system ...
thanx again
ash
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Click to Enlarge Name: my.jpg Size: 186 KB
  • #5,429
  • Mar 15, 2012 7:13am Mar 15, 2012 7:13am
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
Thanks for your contributions Argonod. You're an asset to the thread. Look forward to seeing what you're working on.

PB
  • #5,430
  • Mar 15, 2012 7:14am Mar 15, 2012 7:14am
Quoting handy148
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.
Readers can make up their mind whichever way they want. I am just introducing a system that has worked for me in all kinds of markets, throughout the years. t doesnīt affect me one way or the other what others think about it.
Observation is the path to discovery.
  • #5,431
  • Mar 15, 2012 7:16am Mar 15, 2012 7:16am
Quoting jaau
one more step to the perfection!

L.
Thatīs what I said in Post 1. I wanted this to be a laboratory of experimentation in order to continually improve the system and our knowledge. I think, so far it is proving to be just that.
Observation is the path to discovery.
  • #5,432
  • Mar 15, 2012 7:17am Mar 15, 2012 7:17am
Quoting biganc
I just closed two recovery trades. The pairs were gbpjpy and cadjpy.
I know Alorente does not trade gbpjpy and I now think I am cured from trading that pair. I entered both pairs short on the 13th at 5:45EST. They met the criteria for a trade. At the time, the slopes were less than .50. Gbpjpy went 243pips against me. Cadjpy went 127pips against me. I closed cadjpy with 2pips profit. I closed Gbpjpy with -2pips.

I am gaining confidence in the recovery method. I was trading with .001 lots so I could withstand the drawdown.
LOL - I took exactly the same trade as you with GBPJPY! Don't they call the pair, "the dragon" or something like that? Now I know why. My recovery also hit this morning leaving me with a little profit on the trade.

Funny how a trade can go 250 pips against you and still turn a profit eh?

PB
  • #5,433
  • Mar 15, 2012 7:17am Mar 15, 2012 7:17am
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
Thank you, Argonod. I am sure it will be another winner.
Observation is the path to discovery.
  • #5,434
  • Mar 15, 2012 7:20am Mar 15, 2012 7:20am
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.
Thanks for the clarification Al.

I guess another way of working the recovery trade would be to use the same sub account and simply add in another 2% of capital to cover the first recovery level. That way you're not taking the 2% loss. Or would you rather take that hit and start afresh? Maybe this way would invalidate your capital protection philosophy?

PB
  • #5,435
  • Mar 15, 2012 7:21am Mar 15, 2012 7:21am
Quoting biganc
Wow! that is a big drawdown.

So you added another 0.001 100 pips away from initial position, then 0.002 for level 3 100 pips further for Gbp/Jpy?


That is pretty much correct. I modified it slightly. I was a little worried,
but it worked. I was determined to follow the method wherever it went. As nanningbob said he has never had a trade go to level four. I was determined to find out.
I havenīt had a trade go to level three. Iīve been close, but not quite there. I am 16-0 with Recovery, getting out of all the trades at BE.
Observation is the path to discovery.
  • #5,436
  • Mar 15, 2012 7:23am Mar 15, 2012 7:23am
Quoting Tuauxp
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 ??
You have the wrong pdf. That was corrected later. Here it is.
Attached File(s)
File Type: pdf The Recovery System.pdf   44 KB | 925 downloads
Observation is the path to discovery.
  • #5,437
  • Mar 15, 2012 7:23am Mar 15, 2012 7:23am
I notice a lot of the charts being posted recently do not feature the Dashboard, may I ask is this still being used?

The MTF TMA seems interesting
Tracking the Specialists.
  • #5,438
  • Mar 15, 2012 7:26am Mar 15, 2012 7:26am
Quoting stevewide
This seems weird...See 4h chart:

TMAv1.4 Color Center Lines do not overlay each other. Using Al's template the settings are identical as far as I can tell except the white lies are set to current time frame and the magenta lines are set to 240 which is 4h.

Is there a flaw in the code or am I simply missing something?

Really appreciate everyone helping each other...

Steve
The Inner TMA is set to current TF, so change the chart time frame. Right now, both are set at H4 because that is the chart TF.
Observation is the path to discovery.
  • #5,439
  • Mar 15, 2012 7:28am Mar 15, 2012 7:28am
Quoting ash_k
just downloaded the new Tma...what is the differnce btwen the small one and the first one..i just downloded the extreme TMA system...
does it look ok?

i think i have to read all the posts to ask this , but can i use it in any TF?
its showing that in 4h the Gbp price will be 1.58 ...
if its is right then..its great to have everything in one window..thanx everyone..and yes am still learning about this system ...
thanx again
ash
Yes. The main TMA in the center is set to current TF, so if you change the chart TF it will change also. The other two TMAīs will remain at 1H and 4H.
Observation is the path to discovery.
  • #5,440
  • Mar 15, 2012 7:34am Mar 15, 2012 7:34am
Quoting Alorente
Readers can make up their mind whichever way they want. I am just introducing a system that has worked for me in all kinds of markets, throughout the years. t doesnīt affect me one way or the other what others think about it.
NB's recovery trades are a Martingale hybrid and I don't think we should shy away from that. However it does have clever tweaks to make it work 99.99% of the time, such as large gaps between trades and lot size small enough to ride out huge price swings. Also it doesn't double up the trades straight away (1.2.4), but goes in a little more gradually at 1.1.2.4 or 1.1.3.3.

Most accounts get blown when Martingale is used for the following reasons:

1. trades are added on much too soon after the first goes against them.
2. the lot size is far too high.
3. the trader doesn't have enough balls and faith in the system to ride out the draw-down and ends up closing the trade and taking a bigger loss than they would have done if they had just traded with a stop loss.

It seems to me that if you can fix those three things (and NB's system does 1 + 2) you're onto a winner.

I'm still working on 3 ;-)

PB
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