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Extreme TMA System

  • #5,441
  • Mar 15, 2012 7:37am Mar 15, 2012 7:37am
Quoting Connected
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
I don't use the dashboard because it slows down my pc a lot
Lets make some green pips
  • #5,442
  • Mar 15, 2012 7:54am Mar 15, 2012 7:54am
Quoting pixelboy
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
No. You donīt take the loss. As price nears -100, you cancel the Sell Stop.
Observation is the path to discovery.
  • #5,443
  • Mar 15, 2012 7:57am Mar 15, 2012 7:57am
Quoting pixelboy
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
If what you mean is after the 4th step to add new capital, no. That would be martingale. If you get to that level, you take your losses.
Observation is the path to discovery.
  • #5,444
  • Mar 15, 2012 7:58am Mar 15, 2012 7:58am
Quoting Connected
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
The dashboard should be in its own window and not with a working chart.
Observation is the path to discovery.
  • #5,445
  • Mar 15, 2012 8:02am Mar 15, 2012 8:02am
Quoting pixelboy
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....
3 takes care of itself when you see it working time and time again. Itīs called confidence...
Observation is the path to discovery.
  • #5,446
  • Mar 15, 2012 8:07am Mar 15, 2012 8:07am
Quoting Alorente
The dashboard should be in its own window and not with a working chart.
Apologies, I forgot that it must be used seperate window, thanks Al
Tracking the Specialists.
  • #5,447
  • Mar 15, 2012 8:13am Mar 15, 2012 8:13am
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...
Hi Steve,
Time ago I also asked Why i could not see thv coral, but Nobody answered... Now i know!! Many thanks for Your help it is very Useful for me!!

Grazie
Sabrina
  • #5,448
  • Mar 15, 2012 8:17am Mar 15, 2012 8:17am
audusd short on R1!

L.
  • #5,449
  • Mar 15, 2012 8:18am Mar 15, 2012 8:18am
Quoting Alorente
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.
Thanks for response Al but it doesn't explain why when I click on 4h chart both TMA color center lines aren't overlaying each other identical. Seems they should read the same. I'm missing something in the explanation and feel you'll understand and help me.

Sorry for bothering you again.

Steve
  • #5,450
  • Edited 8:35am Mar 15, 2012 8:33am | Edited 8:35am
Al I understand that the ATR Multipler default is 2.0 and that's what I have on my charts, all timefames 1 min. thru daily. When I add the H1 & H4 TMA to my Lower TF I change the ATR Multipler to 3.0, I get that too. But the H1 & H4 bands on the Lower TF don't match the bands on the actual H1 or H4 chart with the ATR Multipler at 2.0. Why the difference? Should I use 3.0 ATR Mulitplier on the actual Longer TF charts say above H1? I hope this make sense and thank you in advance for your response.

Robert
  • #5,451
  • Mar 15, 2012 8:34am Mar 15, 2012 8:34am
Hi Al
Greetings from Cyprus.
I opened the thread lastnight. Just read upto 50 pages. What interested me wasnt just about the system, it was they way you conducted the thread with confidense, clear explanation, great support and your kindness in sharing your experience with this system. I have been trading live since January this year. I have been doing ok. Due to the strategy I use, my balance has been increasing every day. There was a large gap between the balance and equity which meant a larger than expected open positions. Due to my strategy, I dont use stop loss. Just TP and TS. For the last 2 weeks I spent many hours trying to bring the equity nearer to my balance. I didnt find anything solid that I can be confident in. Lastnight Your system and your approach in trading gave me the courage and confidense to apply the system to my recovery and icreasing my equity. I opened all the the pairs on a demo account and applied the indicators. While trading my live account, I was jumping to the demo account, looking for good setups. When I found one or more i would trade that in my live account. Today i have been succesfull in closing some of the positions at breakeven, or a few pips up/down. I will continue using your system until full recovery. If I was near I buy you a drink and shake your hand, but at the moment I can only say "BIG THANKS TO YOU AL".

Achilleas

"Our Inner World is a reflection of our outer World"
  • #5,452
  • Mar 15, 2012 8:40am Mar 15, 2012 8:40am
Quoting stevewide
Thanks for response Al but it doesn't explain why when I click on 4h chart both TMA color center lines aren't overlaying each other identical. Seems they should read the same. I'm missing something in the explanation and feel you'll understand and help me.

Sorry for bothering you again.

Steve
Get rid of one center line by changing the color to the same color as the background.
Observation is the path to discovery.
  • #5,453
  • Mar 15, 2012 8:41am Mar 15, 2012 8:41am
Long on usdjpy!

Someone?

L.
  • #5,454
  • Mar 15, 2012 8:43am Mar 15, 2012 8:43am
Quoting Surfnomad
Al I understand that the ATR Multipler default is 2.0 and that's what I have on my charts, all timefames 1 min. thru daily. When I add the H1 & H4 TMA to my Lower TF I change the ATR Multipler to 3.0, I get that too. But the H1 & H4 bands on the Lower TF don't match the bands on the actual H1 or H4 chart with the ATR Multipler at 2.0. Why the difference? Should I use 3.0 ATR Mulitplier on the actual Longer TF charts say above H1? I hope this make sense and thank you in advance for your response.

Robert
On the longer time frames, change the ATR Multiplier until it pretty much touches all the swings from the lower TF chart. This is just to give you a reference to the typical amplitude of the cycles in that TF. Whether it is 3 or 2.7, it makes no difference. Just fit it to the TF and the pair.
Observation is the path to discovery.
  • #5,455
  • Mar 15, 2012 8:49am Mar 15, 2012 8:49am
Quoting Alorente
On the longer time frames, change the ATR Multiplier until it pretty much touches all the swings from the lower TF chart. This is just to give you a reference to the typical amplitude of the cycles in that TF. Whether it is 3 or 2.7, it makes no difference. Just fit it to the TF and the pair.

Thanks Al thay makes sense. I am learning so much. My trading and confidence is improving everyday.
  • #5,456
  • Mar 15, 2012 8:50am Mar 15, 2012 8:50am
Quoting Alorente
No. You donīt take the loss. As price nears -100, you cancel the Sell Stop.
Right, I see. So you're just using the stop to guard against a huge spike which you couldn't react to? Something like an unexpected central bank intervention?

I was confused because it sounded like you let the sub account run to margin call where the trade would automatically close. That would involve taking the 2% loss and then starting recovery as a separate trade.

I assume when it moves 100 pips, you add capital and begin recovery?

PB
  • #5,457
  • Mar 15, 2012 8:51am Mar 15, 2012 8:51am
Quoting jaau
Long on usdjpy!

Someone?

L.
After what the Finance Minister of Japan said today? You have some balls. Maybe youīll get a bounce to the center line.
Observation is the path to discovery.
  • #5,458
  • Mar 15, 2012 8:52am Mar 15, 2012 8:52am
Quoting pixelboy
Right, I see. So you're just using the stop to guard against a huge spike which you couldn't react to? Something like an unexpected central bank intervention?

I was confused because it sounded like you let the sub account run to margin call where the trade would automatically close. That would involve taking the 2% loss and then starting recovery as a separate trade.

I assume when it moves 100 pips, you add capital and begin recovery?

PB
Correct.
Observation is the path to discovery.
  • #5,459
  • Mar 15, 2012 8:54am Mar 15, 2012 8:54am
Quoting Alorente
Get rid of one center line by changing the color to the same color as the background.
Thanks Al; Too bad for me that I still don't understand how 2 indy's expected to read identical when on the 4h TF have different outer bands. You've tried to help me...I accept that for now till I can study this more.
thanks once again, Steve
  • #5,460
  • Mar 15, 2012 8:54am Mar 15, 2012 8:54am
Quoting jaau
Long on usdjpy!

Someone?

L.
Also, it is against the rules. Now it is Sell Only.
Observation is the path to discovery.
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